I laughed once I noticed the information that the time period of the Forex Protected Deposit, which was issued to decelerate and conceal the depreciation of the Turkish lira, which quickly depreciated as a consequence of misguided financial selections, was prolonged, however on the similar time “to not name curiosity on curiosity”.
If it is tight, do not stretch it. Let’s have a look at what occurs.
On the finish of the Nineteen Sixties, the Justice Occasion authorities had invented a factor known as Convertible Deposits (DÇM) to get some overseas foreign money into the nation.
It took 20 years to scrub up the scourge he precipitated the nation.
Within the Eighties, it was as much as Özal to take away this DÇM mess.
And it was one of many principal causes of excessive inflation within the nation.
As a result of the general public needed to consistently print cash to pay the distinction, and roughly 50 % of the emission quantity between 1984 and 1989 was sourced from DÇM.
Whereas Turgut Özal complained about DÇMs, “I hope our younger folks will be taught from this. He is not going to make future generations a burden that may hardly be carried by making such incalculable errors once more. If we had not made these funds between 84-89, we may have paid 1 million TL per household. We might have constructed 9 thousand extra faculties, 900 medium-sized factories, 500 hospitals and 4 thousand km of highways. 100,000 folks may have a job. It is a easy steadiness sheet of how a lot the errors of the previous value a society. Within the Nineteen Seventies, those that thought they had been good and vigilant at the moment discovered such a manner. We borrowed from 221 banks and Turkey couldn’t pay them,” he mentioned.
The state of affairs doesn’t look any completely different now.
Within the 10 months for the reason that currency-protected deposits got here into impact, the quantity paid to the “wealthy” who’ve cash within the financial institution, with taxes collected from all of us, together with the minimal wage, has reached 155 billion TL.
Let me let you know that with 10 months of “hidden curiosity” paid for the wealthy folks’s cash from my pocket, 150 thousand of TOKİ’s social housing could possibly be given to the poor totally free.
Or just a few extra Çanakkale Bridges and Osmangazi Bridges would have been constructed.
7 extra TOGG factories can be established.
Within the meantime, to not point out the overseas exchanges which can be bought in order that the alternate price doesn’t enhance an excessive amount of.
Özal cleaned the DÇM mess, however we paid the worth for 20 years.
Let’s have a look at who will clear the KKM.
And what number of years will we pay the worth?
I do not know if it pursuits you, however the AK Occasion, which consistently talks concerning the household and the significance of the household, is maybe the social gathering with probably the most single deputies who’ve a household and don’t have kids.
Many essential names of the social gathering are recognized by their celibacy for years.
And most curiously, Ms. Minister, who served because the Minister for Household within the authorities of the AK Occasion authorities and declared that she wouldn’t depend ladies who don’t have 3 kids as ladies, can be not married, has no kids.
It is not my job to intervene in anybody’s personal life.
It isn’t my place to say a phrase about their marriage or having kids.
However the inconsistency inside an influence that interferes with every part we do shouldn’t be uninteresting.
When limitlessness is inversely proportional to authority and tradition.
It is a pointless debate happening.
“TOGG shouldn’t be a home automobile or one thing,” he mentioned.
Particularly on the web and social media, there are those that say, “Is that this home” by evaluating the ratio of Turkish-made elements in vehicles of assorted manufacturers produced in Turkey with TOGG’s ratio of Turkish-made elements.
In actual fact, they exaggerate and say, “Even the design doesn’t belong to us”.
On the level the place the automotive {industry} has come, I’ve by no means heard, nor can I, hear a extra meaningless argument, a extra empty declare than this.
I believe that probably the most distant industrial product on the earth at present have to be all types of automotive and car.
Does the ratio of Turkish-made elements in vehicles akin to Ford, Fiat, Renault, Toyota, Hyundai produced in Turkey or in vehicles and buses akin to Mercedes make these vehicles Turkish?
No such factor.
Ford is an American, Fiat is an Italian, Renault is a French, Toyota is a Japanese, Hyundai is a South Korean automobile. Or quite, the model.
Mercedes truck or Mercedes bus is a German automotive model, no matter the place it’s produced and the origin of the elements in it.
The engines of the small-engined Mercedes you purchased for years belonged to the French Renault.
Renault constructed a few of these small engines at Nissan in Japan.
A lot of the physique elements of Audis produced in Germany are produced in Gebze, Turkey. The aluminum used comes from a special nation.
On this case, is not Audi a German automobile?
A Turkish sub-industry firm produces the seats and inside gear of Fiat, VW, Skoda, Seat, Dacia, Ford and lots of extra produced in Europe, generally there, generally in its manufacturing unit in Turkey.
Does this alteration the truth that these manufacturers belong to which nation!
Particularly design.
Pininfarina, Bertone, Italdesign draw vehicles for everybody.
For instance, the truth that Pininfarina drew some sports activities fashions of Peugeot makes Peugeot Italian, Pininfarina’s drawing of Bentleys makes Pininfarina British or Bentley Italian!
Is Bentley, whose infrastructure is sort of all Volkswagen, a German automobile?
Is the Rolls Royce developed by BMW from Munich?
Or the well-known TESLA. Maybe the clearest instance…
It procures its batteries from Japanese Panasonic and South Korean LG, with which it has a long-term settlement.
It buys the lithium wanted for the batteries from the Chinese language firm Ganfeng.
The producer of the sensors in TESLA is Samsung from S. Korea.
The screens contained in the car are additionally produced by LG from South Korea.
It makes use of electrical motors and transmission elements produced in 3 completely different continents.
The precept is that this.
“Purchase no matter is cheaper and higher wherever it’s.”
So, does TESLA stop to be an American automobile and an American model?
The nationality of a automobile is set not the place the elements are produced, however to which firm and which nation the mental rights of the automobile belong to.
Due to this fact, don’t have a look at the half ratio when discussing TOGG.
That is not the purpose.
TOGG is indisputably a Turkish automobile.
The query is, how trendy is that this automobile?
What would be the producer’s capability and pace to supply new fashions?
How a lot market share will it achieve in Turkey and on the earth?
How lengthy will it return its funding, will it have the ability to return it?
What’s the firm’s future projection?
Or is slightly personal sector and loads of public assets wasted for a venture that’s more likely to fall into the palms of foreigners some time in the past?
The query to be requested shouldn’t be the half ratio, however how lengthy this model can survive.
The query to be requested is when the injury will exceed the plus for every car produced.
It’s whether or not the manufacturing of that enormous manufacturing unit will be bought.
And for some motive, politicians are the spokespersons of TOGG, which is a personal sector partnership, it’s essential to ask.
Possibly that is the actual deal.
#Çanakkale #Bridges #TOGG #factories #foreign money #safety