Erdogan Threatens To Abandon US Dollar In Trade With Russia

Erdogan Threatens To Abandon US Dollar In Trade With Russia

[ZeroHedge] The unexpectedly sharp antagonism between Turkey and the west accelerated today, and one day after NATO preemptively reminded Turkey that it is still a NATO alliance member and advising Ankara that “Turkey’s NATO membership is not in question”, Turkey had some more choice words for its military allies. Cited by Reuters, Turkey foreign minister Mevlut Cavusoglu told Turkish’s NTV television on Thursday that the country “may seek other options outside NATO for defense industry cooperation, although its first option is always cooperation with its NATO allies.” Translation: if Russia (and/or China) gives us a better “defensive” offer, we just may take it.

The sharply worded retort came on the same day that Turkey said it will resume airstrikes on Islamic State targets in Syria, and asked Russia to carry out joint operations against its “common enemy.”  Ankara halted strikes after the downing of a Russian plane by Turkish forces last year.

In the same interview, Cavusolgu said that Ankara “will again, in an active manner, with its planes take part in operations” against Islamic State targets. Cavusolgu also said that Ankara has called on Moscow to carry out joint operations against the “common enemy” of IS. “Let’s fight against the terrorist group together, so that we can clear it out as soon as possible,” Cavusolgu said, adding that otherwise IS will continue to expand and spread into other countries.

To be sure, coming from the nation which directly engaged in oil trade with the Islamic State, this is at least a little ironic, however, what is notable is the significant pivot Turkey has made vis-a-vis military engagements, rotating not toward the US alliance, but toward the Kremlin.

“We will discuss all the details. We have always called on Russia to carry out anti-Daesh [IS] operations together,” he said, adding that the proposal is still “on the table.” The foreign minister went on to tout the benefits of closer cooperation between Turkey and Russia.

“Many countries are engaged in Syria actively. There could be mistakes,” he said. “In order to prevent that, we need to put into practice the solidarity and cooperation [mechanism] between us including sharing of real-time intelligence.”

The comments came just days after Turkish President Erdogan visited St. Petersburg for talks with Russian President Vladimir Putin, in the first meeting between the two leaders since the plane was downed.

But perhaps the most notable development was reported today by Turkey’s Gunes newspaper, which said that as part of the discussion between Putin and Erdogan on Tuesday, the Turkish president suggested to abandon the US dollar in bilateral trade between Turkey and Russia, and instead to transact directly in lira and rubles. This would “benefit both Russia and Turkey”, Erdogan allegedly said in his August 9 meeting in St Petersburg, adding that this would relieve the lira from the USD’s upward pressure. The reason Erdogan is concerned about exchange rates is because recently Turkish inflation soared by nearly 8% Y/Y, and the recent devaluation of the TRY against the USD has only poured more oil on the fire.

Needless to say, such a bilateral agreement would further infuriate Turkey’s European “friends”, permanently halting Turkish accession into the customs union, in accordance with Austria’s recent demands, and would in turn lead to a dissolution of the refugee agreement that is still keeping millions in refugees away from Europe in general and Germany, and Merkel’s plunging popularity ratings, in particular. Which, incidentally, means that not only Erdogan, but now also Putin, holds key leverage over the career of Europe’s most important politician.

zerohedge.com/news/2016-08-11/erdogan-threatens-abandon-us-dollar-trade-russia

[Zurich Times] Others Muslim Nation Leaders who have tried to walk away far the Dollar have all ended in one place; 6 feet under the ground as in Erdogan just signed his own Death Warrant.

Others who have tried to diminish the role of the Dollar and move towards the EU (Saddam Hussein) or Gold (Gaddafi) were both dispatched.

Gaddafi Was Killed To Stop Pan-African Currency

https://www.youtube.com/watch?v=8GHzm3wBxUk

And then it will not be long as Turkey is sliced up into different parts after a civil war. The Webbot Report from August suggests this eventuality and the facts on the ground are also suggesting such an outcome. Te overtures towards Russia are not wha the uciferian Elites had imagined.

Gaddafi gold-for-oil, dollar-doom plans behind Libya ‘mission’?

https://www.youtube.com/watch?v=GuqZfaj34nc

Web bot report Aug/Sept with Silver gold and bitcoin 2016 by Clif High

https://www.youtube.com/watch?v=0xVKRaddSf8

Erdogan has also threatened the United States as the head of the NATO Alliance with either handing over Gulen or he will walk away from NATO.

After Turkey Warns West May “Lose” The Country, NATO “Reminds” Ankara It Is Still An Alliance Member

http://www.zerohedge.com/news/2016-08-10/after-turkey-warns-west-may-lose-country-nato-reminds-ankara-it-still-alliance-membe

[ZeroHedge] The visit also explains NATO’s urgency to preempt any potential “concern” by Turkey that it may have to retaliate. Cavusoglu said Turkey’s rapprochement with Russia was not intended to unsettle Europe or the United States. However, he also warned the West against the possibility of one day “losing” Turkey.

“We are not amending our relations with Russia to send a message to the West,” he told Anadolu. “If the West loses Turkey one day, it will not be because of Turkey’s relations with Russia, China, or the Islamic world, but rather because of themselves.” The warning has been duly noted, much to Putin’s delight.

These are bold move and so much sea change has happened this year in that region. Russia has entered the region, Assad has been saved from defeat, the Oil Prices have not recovered and are decimating the local economies there, and finally the Demons of Daesh aka ISIL/ISIS are being defeated and losing ground in the Levant.

[Zurich Times] And next 2 days are the Peresid Meteor Shower that promises to an once in a lifetime showing.

https://www.youtube.com/watch?v=Bi5ePyOUyls

We are also within the post 100 days of the Invictus Games and the Luciferian Date Symbology is significant and we will post something more about this issue soon.

Greater evil is finally unfolding

https://www.youtube.com/watch?v=7jJebktkAbg

These are just some pieces of the puzzle and the riddle of 2016. More to follow soon on these points.