President Erdoğan at the signing ceremony of the $300 million venture capital agreement with the UAE Leader Mohammed bin Zayed to the Turkey Wealth Fund. There is also an external source of around 55 billion dollars in the calculations of the AK Party to win the election. (Photo: Presidency)
When you read the title of the AK Party’s account of winning the election with 55 billion dollars, you may be asking where the government will find 55 billion dollars.
Indeed, President Tayyip Erdogan has instructed to reduce prices in Agricultural Credit Cooperatives in a way that will not make a profit, within the framework of the fight against foreign powers’ cost of living. Nureddin Nebati, the Minister of Treasury and Finance, said that he expected the same gesture from private shopping chains, with his eyes shining. Now, the Minister of Agriculture and Forestry, Vahit Kirişci, is not in a position to say to Erdoğan, “Sir, it is expensive, it does not save” instead of dealing with the demands of the Minister of Tourism and Culture, Mehmet Ersoy, in order to open the forest lands for development; seat is cute.
Instead, someone from the Treasury calls the retailers and says to give a discount. Wasn’t this done during the two previous Treasury and Finance Minister Berat Albayrak times? Of course, “It’s been done, but what happened?” You may be asking. The answer is ready: external developments. First Covid-19, then Russia-Ukraine war, look inflation everywhere. And, of course, foreign powers in preparation for an economic invasion.
Why do we need $55 billion?
In other words, where will the government find 55 billion dollars while attributing the cost of living and the fight against inflation to grocery store labels, and why, for example, 55 instead of 50, not 60?
Those who ask this, if they are not under the influence of foreign powers, are considered ignorant of the subtleties of the government’s account-book.
In addition, the goodwill of those who liken it to Nasreddin Hodja’s story “We will plant bushes, sheep will pass, we will leave wool, we will make yarn and sell it” is doubtful. After all, the AK Party has no time to wait for the bush to grow or the sheep to pass. There are at most 10 months until the election.
I say “at most” because there has been talk for a while that the government will make an “early election cell” and hold the elections between April and May.
As predicted by the President, external resources are needed in order for the economy to recover in February-March and to put the seal on the Bulb in the elections. Because even in the last market participant survey published by the Central Bank (CBRT), the year-end inflation expectation 70 percentthe dollar expectation exceeded 19 liras.
And no, the external resource that the AK Party will find is not considered an external power.
Where is 55 billion from?
Although, this good news was given to me by the AK Party parties in May saying, “So much money has entered that the economy will be saved immediately, as long as it is used correctly”. Ziraat Bank’s previous Deputy General Managers had $55 billion in July. that you will soon enter the “Treasury”‘ before he wrote what he heard.
The breakdown of these 55 billion, which will reduce the exchange rate by pumping into the economy, reduce natural gas and electricity prices in winter, and remedy the cost of living before the election, was as follows: 20 from Saudi Arabia, 15 from Qatar, United Arab Emirates (UAE) and Russia. $10 billion would come.
As a matter of fact, the tip of the money appeared from Russia at the end of July. The first 2.1 billion dollars of Russian money came through the Akkuyu nuclear power plant. In the midst of the rushed liquidation efforts and discussions of the Turkish contracting company İçtaş, Akkuyu’s Not Turkey’s, Russia’s in Turkey It was officially registered for the first time by Fatih Dönmez, the Minister of Energy and Natural Resources, that it is an atomic power plant.
What does outsourcing come in return for?
In the same days, 50 percent of Kalyon Energy company of Kalyon Holding, one of the favorite companies of the government, of the UAE’s IHC company, is 180 billion dirhams, or 490 million dollars announced the purchase. Let’s see if Erdogan’s real dream project will announce that he invested money in Kanal Istanbul, even though CHP leader Kemal Kılıçdaroğlu said that they would cancel the Kanal Istanbul tenders if they came to power.
Of course, there is also the political dimension. Let’s remember the comments made in Russia after President Erdogan’s decision to meet with Russian President Vladimir Putin in Sochi on August 5 and switch to ruble trading, “It is in Russia’s interest that Erdogan wins the election.”
Let’s see if the Turkey Wealth Fund, which, like THY, is in control of “Turkey’s brand values” and headed by President Erdogan, will do its part to balance the 55 billion dollars.
Is it easy to balance 55 billion?
But did you think for nothing that he hugged Saudi Prince Mohammed bin Salman, whom the President holds responsible for the murder of Jamal Khashoggi, and Mohammed bin Zayed, the powerful man of the UAE, whom he accused of financially supporting the July 15 attempt? Or that they were unaware of the economic interests of these administrations and decided to help Erdogan, whom they saw as the protector of the Muslim Brotherhood, whom they regarded as terrorists, as the pole star of the Islamic world?
You are right, no one gives free money to anyone so that one country can give it to another.
Well, let’s say 55 billion dollars went into the Treasury. More honours were distributed with more board memberships, those who blackmailed them to leave were kept, the mint printed more paper money and filled the nation’s pockets with money whose purchasing power was gradually decreasing before the election. Let’s say, even believing in the claim that “the wanderers burned the mosque”, the crowd put the seal on the light bulb again and Erdoğan won.
Any thoughts on what will happen next? Then we’ll think about it, right?
As long as we find money from outside now, let’s take the following choice; That’s the target for now.