The Turkish Lira continues its free fall, it is now at 9.60 Liras for one US dollar, a record fall from 1.5 Liras for one US dollar in 2010 before the Turkish madman waged his terrorist war on Syria, and there’s no sign of recovery even if the Turkish madman fires everybody in the Turkish Central Bank, the finance, and the economy ministries.
Naram Serjoon describes the current situation of the Turkish economy, and its Lira in this explicitly magnificent piece, as much as I tried to maintain the wordings in the translation, the Arabic version remains more profoundly poetic:
I know that just looking at this title will provoke many Syrians from the opposition and national loyalists, and before many read the article, they will say that our Syrian Lira is made of glass and it is not permissible to throw stones at the Turkish economy, and many will revolt and rage, perhaps the two sides will unite for the first time in denouncing the article because the Syrian economy has suffered a severe blow in the past year, and the West’s efforts have succeeded in weakening the Syrian Lira through a complex and coordinated operation that began with the confiscation of food and oil wealth in the Jazira region and completed the old siege cordon by adding the bombing of the port of Beirut and the ‘bombing’ of Lebanon’s banks, which were the Syrians’ treasuries for their money, for fear of the instability of the situation in the Syrian economy, which was a war economy, and all people flee from the war economy.
But the suffering of the Syrian Lira seems temporary, and the American bet was to effect the shock and terror in the Syrian economy to explode and cause the final destruction of stability and Syrian social life, in preparation for the explosion of a popular resentment that destroys everything that blood and bodies (sacrifices) have accomplished, there are many manifestations that indicate that the ways to fix the Syrian economy have begun to move, albeit slowly and that the US has begun to loosen its grip for many considerations, which we will discuss later. The Syrian Lira is like a free woman whose slavemaster wants to corrupt and impoverish her in order to sell her chastity and honor, but she refuses, preferring poverty and death than selling her honor to him and selling her cause and her daughter Palestine to him and his whims.
But why does the Turkish lira get sick?? She gets diarrhea and loses her weight, color, and fat and looks like she has cancer and there is no cure for it?? As if she was the one who fought a ten-year war and was besieged, looted, and her factories and oil were stolen?
Turkey is not Syria, and the big lie about the miraculous economy and the seventeenth economy in the world was the crutch of the Islamists who wanted to move us by force to an Ottoman country, not under the pretext that Islam is the solution but neo-Ottomanism is the solution, and the evidence is Erdogan’s miracle, the hero who saved Turkey’s economy and turned it into a strong economy.
And we have always been skeptical of this Turkish miracle and we offered scientific and economic explanations, namely that the sudden flow of Western money into the veins of the Turkish economy was at a price, and that the rising Turkish economy is standing on the crutches of Western banks, which if they withdraw their crutches, this giant will fall and roll and break its bones, Although the most important factor in the rise of Erdogan’s Turkey’s economy was the Syrian openness to Turkey in support of it when it became writhing and barking in favor of Palestine, and the Syrians rewarded it with the support of Erdogan’s economy, who requested Damascus’s support and presented his credentials when he visited Damascus with Amina (his wife) and was asking and اe was asking, and his requests were answered. The Syrian economy, culture, and media opened up to Turkey, and the economies of the Arab region followed suit. This flow of Turkish products and goods, which was similar to an invasion through northern Syria, caused the recovery of the Anatolian economy, where the Islamist bloc supporting Erdogan against the economy of Istanbul, and this increased the control of the new economy that arose in Anatolia by virtue of the Syrian support, which was intended to create a ground for the Five Seas Project, which would dispense Turkey and the Arabs from Europe, and create an oriental economy that would compete with the European economy.
This is the true story of Erdogan’s miracle, but as usual, lovers do not see the defects of the beloved. The lover does not see that his beloved, who was poor and became rich overnight, has sold something dear, such as her chastity, honor, and virginity, and this is what happened with Turkey, which sold its Islamic honor and oriental virginity and accepted to fight on behalf of the West with its body, voice, and money. She put NATO poison in the dishes of Muslims, she fought the Zionist war on the entire Islamic world, in which several Arab and Islamic republics were destroyed, and she presented this achievement on a silver platter to Israel without batting an eyelid from the horror of the catastrophe that her inciting and financing behavior had inflicted on hundreds of Arab cities, millions of Arabs, and the sanctities of Arabs.
Turkey, which appeared to have a miracle, was in the hands of a pimp named Recep Tayyip Erdogan and the Justice and Development Party gang, who pushed her to sleep in the bed of the West and became the prostitute of the East. She wears the Islamic veil, but under the veil inhabits the vice, and like all hateful prostitutes, she wants every girl who refuses shame to be molested by force, like her.
What everyone should ask is what is the reason for this slack in the Turkish Lira now, even though Turkey does not live in a war, but rather lives from the wars surrounding it and eats from the shoulders of the Arab economies that surround it in Iraq, Libya, and Syria, all the money of the Syrian and Iraqi refugees migrated to Turkey and injected the Turkish economy with hundreds of billions of dollars. This poisonous leech named Turkey has sucked the blood of Syrians and Iraqis over the past two decades because it is the neighborhood and the sanctuary close to Europe, and despite this, the Turkish Lira suffers from dengue, fatigue, yellowing, and fever as if it had contracted malaria.
And Turkey injected it with Saudi Arabia, Qatar, and the Gulf states at the beginning of the war (on Syria) with tens of billions of dollars, as Hamad bin Jabr said (in the famous hadith of the prey), because the 137 billion dollars that were passed to support the ‘rebels’ and chaos in Syria, most of it passed through Turkey as the most important transit country for the militants who flocked by their tens of thousands and slept in its cities and hotels and used its airports and airlines and spent their huge salaries on its goods and in its cities and all the money transferred to them passed through the Turkish banks that were sated with banknotes, meaning that no less than a hundred billion dollars passed to Turkey at least, and with this, the Lira seems today is as if she is drinking castor oil, and remains in a state of permanent diarrhea,
Turkey openly stole Syrian oil through ISIS and the Kurds, stole crops and antiquities, and even became the largest center for the export of human organs from the Syrian victims. It stole thousands of Syrian factories and destroyed all competing Syrian industries in the east, giving way for the rise of the economy of Turkish industrialists, who became unrivaled after the destruction of Aleppo factories, which were the factory for the Middle East, however, the Turkish lira is weakening and emaciated, the bones of its face and the ribs of its chest protrude, and its stomach is swollen to resemble the children of the African famine.
And Turkey sold the Syrian refugees for billions of dollars, as it begged in their name from Europe and left them to live in the most despicable living conditions. And despite this, the Turkish citizen seems poorer than the Syrian refugee and became jealous of him.
The Syrian Lira seems more stubborn in the face of the dollar than the Turkish Lira which every day takes off some of her clothes in front of the dollar hoping that he will marry her or make love to her, but the dollar is not tempted by the Turkish lira, nor is he tempted by her tender flesh, and the euro is packing his bags and confiscating her clothes and leaving her naked.
The Turkish lira is very sick and panting, and the reason is not Corona, because the strong economies are still resilient, while the fake and forged economies are starting to get exposed because there is no real economy in Turkey, but an economy of thieves, the thieves of the Justice and Development Party, the Erdogan family, and the neo-Ottoman thieves that tried to build the Ottoman as it was built by its first pioneer sultans by robbing peoples and looting and enslaving them. When the idea succeeded, it became an empire of thieves, and the process of theft and enslavement lasted for 400 years.
The problem of the Turkish lira is Erdogan’s adventure towards the south, and it will not have a chance, and all the money that was injected into the Turkish stock exchange from Western banks has stopped, not because it wants to punish Erdogan for his Islamic honor, as some want to picture, rather, it was because the Western banks gave the Justice and Development Party everything it wanted in order to make the project of overthrowing the Syrian state succeed and attaching the East to the Turkish model, which is reconciliation between Islam and Zionism and an alliance between them under the leadership of the Muslim Brotherhood, but the project has eroded or collapsed and it has done everything in its power and is no longer able to provide more.
Western banks are not naive to inject a false economy with money, the game is over and there is no need to support this rogue economy, the Lira began to feel that all supporting injections had stopped and that the Gulf funds had stopped because there were no longer fighters migrating to Turkey to spending on them, and the movement of donations for the so-called Syrian revolution had stopped, remittances to fighters whom tens of thousands of them have been killed and tens of thousands are missing have stopped, and jihadist immigration to Turkey has largely stopped, especially after Erdogan excelled in blackmailing the Saudis and Emiratis in the Khashoggi case, which was a very stupid move by Erdogan that caused the depletion of Gulf transfers, although in the first months he received bribes of billions from the Saudis to cover the issue, which raised the Turkish Lira a few points, but, with his greed and rapacity, he insisted on completing the disclosure of the scandal at an Israeli and American request, because this would facilitate forcing the Saudis and Emiratis to publicly reveal relations and normalization (with Israel) after they were secret, because Israel wanted to enter the Gulf through the Emirates gate, penetrate the entire economy, spread the Mossad in the Arab communities, and start normalization with immigrants and recruit many of them as spies for the next stage, every Arab immigrant in the Gulf has become a Mossad spy project.
Whoever is waiting for the recovery of the Turkish Lira, we tell him, advising, it is funny dreams, do not be stubborn. The Turkish Lira is very sick, and Erdogan is trying to inject it with the elixir of life, reading the Qur’an and incantations and writing amulets for it, fleeing to wars with the Syrians and the Kurds, bombing the streets of Damascus and overnight buses to force us to accept negotiating with him. But nothing will help him, as she has destroyed her immune system, and she has a terminal disease, and this terminal disease is the one that will pass to the Justice and Development Party and will spread in the whole Turkish society, which is bidding farewell to the days of glory and prosperity when Erdogan was selling it promises and borrowing from the West to build the lie of the rich Turkish economy, albeit it were loans, aid, and privatization of the public sector.
And again, advice to everyone who puts his money in Turkey, flee with your skin and your money quickly, before you are surprised by a collapse as Beirut’s banks collapsed and the sultans’ decisions to seize your money, and perhaps you will find that the place from which you fled to the whole world is the safest place for your money, that is, invest in your country that at the height of the war did not stab you and did not declare its bankruptcy, and do not bet on Erdogan’s Lira. All indications and prophecies in Turkey’s ‘crystal ball’ say that it is a Lira that will enter intensive care because she ate from the money of the orphans, the widows, and the poor, it was like someone who eats fire in his stomach, that the fire is in the belly of the Turkish Lira, and we will contemplate it with pleasure, joy, and happiness as it burns before our eyes from its stomach, rather, we will put our coffee on that fire and heat the tea.. and drink Turkish coffee in this winter in front of this feverish body.
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Excellent informative history and current status.