By Harun Yahya/Istanbul
Secret states, which manipulate the world and seek to establish a global hegemony, designate a strategy to achieve their goals. And the main route of this strategy passes through finance.
For years, financial markets and institutions leading them have been shaped in accordance with the political interests of these secret states. Aforementioned institutions taking control of a country’s economy, exonerating or discrediting it has brought along a great deal of either constructive or destructive consequences for that country.
Countries were sometimes shown financially weak which occasionally even led to the fall of their governments. Therefore, the world finance system does not have an independent nature as believed; but rather, it is used as an important trump for seizing politics and hegemony over countries.
Today, financial risks of countries seem to be determined by credit-rating agencies. The ratings granted by these agencies to countries determine the direction of the investments of foreign investors as well. Particularly, the ones managing retirement funds do not send money to countries whose credit rate is below a certain threshold.
A country, where foreign investments have stopped, is, in many aspects, left with no choice but come under the hegemony of certain secret powers. Taking this fact into consideration, the financial institutions, which had experienced this in the past and achieved the desired results, began to mainly take politically-oriented decisions.
In fact, the rates of strategic countries, which had started to become more powerful and thus more independent, were lowered without no reason; whereas countries that can be regarded as bankrupt such as Italy, Greece, Portugal and Spain had been one by one granted high rates for years, and investors were fooled.
The first-degree perpetrator of the financial robbery in 2008 is, again, the aforementioned rating agencies. Since they fooled investors with artificial high rates, investors paid millions of dollars in fines. In fact, their stories were even made into a movie.
As to why Turkey’s rating has been recently downgraded to “non-investment” grade by the credit-rating agency Moody’s, although its credit rate was not downgraded when relations with Israel and Russia deteriorated, and even during coup d’etat attempt of July 15, assumes importance in this context.
Only two days before this rate was announced, Alastair Wilson, managing director of Moody’s Global Sovereign Risk Unit, stated to Reuters that “the shock to Turkey’s economy from the failed coup in July has largely dissipated, and the rating review of the country is expected to be concluded within the next month”.
The fact that this rating, which was to be determined next month and largely expected to be positive, was announced just two days after this statement and as negative has raised some serious questions.
The fact that the aforementioned statement was issued right after President Recep Tayyip Erdogan’s visit to the US serves as a proof of the blatant politicisation that reigns over the finance sector. One of the main targets of Erdogan during his US visit was the financial institutions that are criticised for their political decision-making.
Erdogan mentioned how these institutions had become the instruments of global attacks in their manipulation of politics.
Every coup and coup attempt in Turkey has caused serious financial collapses. The only exception has been the coup attempt of July 15.
Turkish people not only stopped tanks on the streets but also prevented a potential economic crisis by mobilising their money. Following the attempt, thanks to the export and tourism incomes generated from the improving relations especially with Russia, Turkey has reached a better position when compared to many others.
Criticising Moody’s’ decision, Nihat Zeybekci, the Minister of Economy, said: “(The) credit-lowering decision taken by Moody’s does not match up with the fundamental macro dynamics of Turkey’s economy.”
Deputy Prime Minister Mehmet Simsek stated: “Despite many internal and external shocks, our economy grew by 5.2% in the period after the global crisis; our economy is resistant to shocks.”
Customs and Trade Minister Bulent Tufenkci summarised the economic development in Turkey by criticising the rating decision: “Turkey’s economy has continued to grow perpetually for the last 27 quarters. With these growth rates, Turkey is one of the rare countries achieving growth over many European countries. When we consider the recent 3.1% growth rate, Turkey has grown faster than 21 EU member countries and OECD countries having large economies. The decision by Moody’s does not reflect reality.”
Although the opinions of the credit-rating agencies are taken into account by foreign investors, there is a fact that should not be forgotten. Particularly in the recent years, Turkey has proven to be a country that cannot be manipulated. Turkey has also proven that it is a self-sufficient country.
Therefore, Moody’s decision will not be taken into consideration by many investors. There are some examples of this: The credit rating downgraded by Standard & Poor’s two months ago has not had any sway over investors at all.
Furthermore, Turkey has also proven to be a country that will not be influenced by foreign powers and that it is capable of dealing with difficulties through its own effort and power. No one doubts the fact that coup attempt of July 15 was an external occupation attempt. A nation that could resist such an attempt has now become stronger than many secret powers.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Towards fair share: Global minimum tax targets level field
Clean energy has won the economic race
The costs to reach net zero by 2050
Russia’s Communist comeback
Geopolitical conquest of economics
Fictional drama that is too close for comfort
The inflation catch-up game
Will Federal Reserve support inclusive prosperity?