Dark clouds have been accumulating in the skies above our country ever since we cleared our debt to the International Monetary Fund, witnessed a record drop in interest rates, and work on mega projects commenced.
Evil circles, which will make use of the slightest opportunity, have been doing all they can to erode the perceptions about our country and thereby prevent “real” investments from flowing in. They receive their strongest backing from certain establishments that prepare unfounded reports.
One can see these attempts all around us. This comprehensive operation of attacks is continuing at full tilt.
When one points the finger at these incidents, one is accused of manufacturing “conspiracy theories.”
Whatever is happening is supposed to be a “coincidence” and has nothing to do with “lobbies.”
There is no such thing as an interest rate lobby!
No; the interest rate lobby most certainly exists!
They are behind any tension created anywhere. Tense climates allow them to increase their profit margins.
The fat cats of this lobby make use of the bonds and shares of countries by resorting to market tools.
They use portfolio investments to inject hot money into speculative actions and bleed the public dry.
If competitive market forces cannot determine the cost of a product then illicit gains replace the real cost of the product.
It is the rate of interest that determines the cost of money in the market.
Banks, financial establishments and “influential persons” determine the cost through covert agreements they reach with each other.
The interest rate lobby makes the most profit when public sector debt rises exponentially.
It is during such periods that countries are most affected.
The rise of budget and current account deficits to unmanageable levels only benefits these people.
The segments being used in this game, the Gezi protestors for example, are unaware on whose behalf they are working.
Ideologies are irrelevant for “lobbyists.” They support contradicting ideologies in different places.
We have witnessed on many occasions how they have made people take to the streets in the name of various ideologies, and then years later explained how they “used” those people.
It seems like everyone is now aware of who benefited from, and who was targeted as part of the Sept. 12, 1980 coup.
Those who took to the streets during those days have realized for whose benefit they were used…
Talk about shutting the stable door after the horse has bolted!
Recall our near past, recall the 1990s. Recall the interest rates we had to contend with in those days, and remind those who are too young to know about it!
Recall the 1994 economic crisis when the rate of borrowing had reached 152.3 percent and grasp the value of the 4.6 percent interest rate in 2013. Make others grasp it too.
Know that the ratio of interest payments as part of the GDP was reduced seven-fold in 2013 when compared to 2002. Inform others about this.
Recall the days when all the budgetary income and more, went toward the payment of interest and compare it to 2013, when interest payments only take up 15 percent of our income.
If this striking drop in the payment of interest hadn’t occurred, we would have had to pay 3 trillion Lira to the interest rate lobby in the past 10 years. Comprehend what a massive task we have accomplished by keeping this payment at 641 billion lira.
We have shaved off approximately 2.5 billion Liras from the amount that would have gone to the interest rate lobby and redirected it to the country and nation during the years under Mr. Erdoğan’s leadership.
What else can the interest rate lobby do other than feel uneasy about this?
What else can the interest rate lobby do other than miss the “Old Turkey?”
For them to attain their “good” old days, the country cannot be allowed to have peace and quiet.
They require “swarms” of people that will take to the streets for this.
The crux of the matter is that if “tensions” exist somewhere, then certainly the “interest rate lobby” is behind it.
Money is the only religion and faith of unrestrained capitalism!
