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JUST IN: Turkey's finance minister says the US dollar has 'lost its credibility'

Source: CNN

So what? Are they gonna go to war with the US? I just read an article about Russia saying the similar thing. The funny thing was though that they had quotes from Russia saying the same thing earlier this year and every year for the past 5 years or so. I don't think this quote from one minister is actually going to mean anything. What are they doing to do about it?

Having read the title for a second I thought Trump got into a dispute with some random turkey pooping on White House lawn and tweeted something juvenile about our favorite Thanksgiving meal.

Which would probably make a lot more sense than the US getting into juvenile disputes with allies. Not that Turkey is a super great ally but still a NATO member. This will just alienate them even more and strengthen Erdogan. I can't imagine how that benefits the US.

I was ready to put money on the turkey BTW. In our neighborhood wild turkeys roam the streets in gangs of 15-20 and don't take shit from no one.


They could tell the US to pack up their military bases into a U-Haul truck and move them somewhere else.

no they will go to the usa and later maybe Europe if they start saying the same about europe, and beg there companies to build something in turkey for the money they create, its going to be even more embarassing than before.

Wild turkeys roam the streets in gangs of 15-20?

You must not have people who know the art of smoking and barbecuing turkeys.

Because guys that do don't take shit from turkeys.

I hear what you're saying and I'm salivating every time I see them but hunting is prohibited within town limits... so unless one completely accidentally falls into a trap of some sort I guess we'll never know how they taste.

If enough of them "accidentally fell into a trap" there'd certainly be one or two to give to the authorities.

I can see a big net flat on the ground and when they are all on top eating the seed, pull the lever and up it goes!

Yeah but the difference here is that Russia is the second largest military power in the world, manufactures nuclear weapons, and can support its economy by exporting petrol. Turkey has textiles and vegetables to keep its economy afloat.

There's a lot of senseless aggression going on right now between many powers. It seems like someone wanted to stir up the markets a bit and cause some chaos in emerging markets. Turkey doesn't seem the least bit concerned by the fact that they are teetering on the verge of an economic crisis, almost as if they are enjoying the ride. What could be their motive?

Who cares about what Turkey has to say. We don't give a dam. If the U. S dollar looses it's credibility in his regime /country, let him start crediting my account with it. He lacks a sense of what world economy is about

Russia is the second power by the number of nuclear warheads. But all of them are in such condition that a large part of them do not fly. Lol! Russia is a collapsed Empire that can not accept this. Erdogan wants to do the same with Turkey. I find it funny when rogue States oppose themselves to country number one.

Erdogan thinks too highly of himself, he should consider the repercussions of his actions. His people (meaning the turkish people) are suffering because of it. People can't buy shit, their buying power has gone to shit. I hope he thinks carefully about his future steps, because this shit ain't lookin good.

That is actually very funny, in turkey crypto currencies are on a massive rise as people are loosing trust in the lira,
I read an article about it this morning. If someone is interested I see if I find it again.

Many countries in the world suffers from the rise of the dollar in addition to the devaluation of its local currencies.
The dispute between USA and Turkey is political. USA is hiding a criminal clerk (Turkey point of view of course) and refuse to extradite it to Turkey. Now when Turkey detained a criminal clerk (or at least considering the Turkish version), USA is forcing Turkey to return its angel back and when Turkey refuse since the situation should be solved in the court like any democratic country, USA made sanctions to some Turkish political figures.
USA under Trump is acting like a gang more than a civilised country. I don't know until now how could he passed the medical test before becoming a president!

That is the correct question.

There is no official medical test for presidential candidates. Even president's annual check-up that is typically made public is not actually mandatory.

The US dollar hasn't had any real value since they went off the gold standard, the only thing that is still giving it value is the fear of their massive military.

Well you have to admit, it has only just started.

You are correct about what you said, but Trump knows that they are economically stronger than Turkey and can basically threaten them. Erdogan shouldn't do the same thing as it can really have an effect on their economy (we have all witnessed this with the decline of the Turkish Lira). I just hope the Lira gets back to its old position soon.

what do country next  :D

Erdogan and Turkey had better learn something very fast. Turkey is no match for the US. Either on an economical or a ballistic war front, US still has the upper hand. The earlier they realize this, the better for them. It appears to many people that Trump doesn't know what he is doing. And that there is what I think is his strength. He acts sporadically in a way that makes people underestimate his capabilities. The dollar might eventually lose its strength but that might not happen anytime soon.

More like his weakness, Trump's acts are like that of a child. No thought process goes through his mind. He is not a highschool student, but definitely acts like one. What capabilities? acting like a moron and taking decisions like a mad man? anyone can fulfill the role of a president like that.

TRUMP wins        we don't take orders from dictators   plus we need the pastor back   YEP  we need him back ..
1 MAN IS WORTH MORE THAN YOUR DICTATOR       1000 TIMES WORTH MORE.. ;)

If I was TURKEY I would hand him over    YOU might think your right BUT your not     your religious dogma is nothing to freedom   someone's free will comes first ;)
Your leader thinks he comes first ::) ::)  jeez  you dictators have a lot to learn ;)..

I bet if he doesn't let him go your leader will be the next hunted by freedom ..Take your choice let him go or your leaders head?..DICTATORS no time for them ..

First things first, what the hell did I just read Suchmoon???? teehee.


But they won't. That would cause President Trump to really reign down upon them like hell in an attempt to humiliate Turkey -- as that is just how the President operates.


I mean this really does matter on how you define value, as the US dollar is the reserve currency for most nations in the world. And is probably going to continue to be until the end of time. The massive military is a big part of it, but you're forgetting the global banking domaince that the US has over other countries -- because if the US sanctions you-you're going to lose access to some of the worlds biggest, most powerful, and the most investing hungry portion of the world. That's not something you want to do.

Trump will beat Turkey in his attemept to get a foreign policy win with his brash policy. All he wants is his pastor home... that's it.

There are hot conflicts between USA and other countries. Trump has strict rules and dangerous ideas.

Nowadays, there is a crisis between USA and Turkey. Turkey's national currency getting lowest value in the history. 1 dolar = 6 Turkish liras.

Turkey has a strategic power in the Middle East. If something goes wrong between USA and Turkey it will affect whole Europe and Middle East.

So, why Turkey and Trump in a crisis right now?

It is not new, there are a lot of issues between these two country for many years. 2 years ago, there was a military coup attempt in Turkey which is lead by person who lives in USA, Fethullah Gulen. Therefore, Turkey wants him from USA but USA government rejected it.

2 months ago an American priest, Brunson , was arrested while helping to terrorists. Brunson has been living in Turkey many years and this means that he has been helping to terrorists for many years. These terrorist group called PKK and they killed a lot of people in Turkey and attempted many bloodsheds. Now, Trump wants Turkey to send him to USA, but Turkey doesn't.

These all are why Turkey and Trump in a crisis right now.

Countries are in competition with each other who will devalue their currency more (and first) towards the dollar.

Why? I go to my local "corner shop" and see that Ecuadorian bananas cost a fraction of dollar per kilo, an all-time-low in my history
of observations.
I go to my local gadget shops and see the same happens to PRC imports.
Neither Ecuadorian farmer, nor Chinese production line worker care about dollar rates. All they care about is parity between receiving country
currency and their own.
They will not reduce their exports just because of some silly sanctions, which scared "weak hands" from the developing market and boosted dollar.
US doesn't provide anything substantial in the loop between bananas - gas - nitrogen fertilizer or gadgets - rare earth elements.
OK, some forces in Ukraine caused it to import gas for $250-300 per thousand m3 instead of former $50, so fertilizers prices went up some.
But in the great scheme of things, where everything is continually getting cheaper because of optimizations of logistics etc., US plays no great role. You are stuck in the "exceptionalism" worldview.

Which makes me think he acts in collusion with someone, wanting to get the heat off himself for a while.
I can imagine the best MSM forces are now thrown at bashing Erdogan, pitying and condescending him, temporarily forgetting their "real enemies".

I don't like Trump at all but I'll gladly take him over Erdogan any day.

Erdogan is a authoritarian who constantly increases his own powers and reduces the civil liberties of his citizens. He is always vying for more control over the media, attacking the free press with seizures and jailing journalists and rival politicians who dare to criticize him, even trying this with foreign editors. Don't just take my word for it, Reporters Without Borders calls Turkey "the world’s biggest prison for journalists."

He even said democracy and freedom have "no value" to him! He sees himself as the next best Turkish leader after Ataturk when he is the opposite. He is hostile to Kurds and leans towards radicalism.

This is a shame because Turkey is a beautiful place with beautiful people, it could have been a secular nation of freedom and tolerance - but Erdogan has another vision. One of hate and power.

I hope Turkey can eventually replace him with a better leader.

Country number one? Rouge states? Well, looks like some more American Exceptionalism at its best. Finest exporters of democracy in the 21st century. Too bad those receiving states of democracy all turn into smouldering messes afterwards because their citizens somehow don't think in the same way as Westerners do. What a surprise.

The USA is just as bad as anyone else, but they are the best at lying about it to cover it up. They have the sharpest tools of perception management (which other states are starting to pick up on as well now) to make sure that every move they make is only for the greater good of the world. But many parts of the world can't handle a democracy model like theirs, and never needed it in the first place.

Making a statement about dollar is not a declaration of war.
Unfortunately, after statements and actions re. dollar trade in oil Lybia and Iraq were attacked, their leaders killed.
But that was easy for US to do when such statements were sparce in time, like 1 every 2 years.
Now everyone looks at what China will do with her US treasuries.

For example, before Christianization around 1030 years ago Russia had it's own form of socialism and democracy.
Then it was subverted and invaded.
Marxists-leninists (so called) of course didn't enjoy the fact of Socialism existing before feudalism - which didn't fit into theory.
Now there's a myth "they were savages, half-beasts before Cyrill and Methodius,
couldn't write". While in fact Novgorod had letters exchanged between lowest ranks of society. But the myth is profitable
to both marxists and "traditionalists".
History is written by invaders.

I agree that Erdogan "is an authoritarian", but it's so nice to hear that someone says "no" to the greasy and greedy America. I support for the Turks, let God help them.

sure, saying no to America takes balls, but saying no and not thinking about the possible repercussions is just playing with the fate of your people. That in my opinion is an act a president should not commit. I don't see the Turkish Lira recover any time soon if Erdogan doesn't do thing differently. Let's see what the future beholds.

Oh yes, certainly. They only need to make the stories work for themselves in order to present a certain viewpoint to further their agendas. Perception management. This happens a lot during wars because they want to lay the blame on the other side. Also in terms of casualty numbers in order to make it seem worse than it really was.

Most people of Turkey believe right now that the USA is directly responsible for their currency crisis when in fact it was them who instigated it. But they have the support of most of their population, so it's all that matters.