Archives Economics - Page 20 of 21 - New Eastern Outlook

The Turkish lira plunged to a new historic low after Erdoğan had won the second round of the presidential election, according to the Spanish daily newspaper La Vanguardia (today the dollar is worth 20 lira, but Western analysts predict that there will be another 40% drop, with the dollar equaling 28 lira). With inflation skyrocketing, Turkey’s president is pursuing a low-rate monetary policy (8.5%), which contradicts the theory of most economists. Why the Turkish lira is plummeting against the dollar as a result of the election is obviously not difficult to say. The reason is simple – the United States and the world financial institutions (stock markets)…

Turkey’s political future is a matter of great interest for the rest of the world. And its 2023 general election has been the subject of much comment in many countries, not least Russia. A key reason for the international interest in the elections is the question of Turkey’s foreign policy course under its new government: will it keep step with the West, headed by the USA, or will it follow a more independent course while retaining its partnerships with such major powers as Russia and China? As for China – let’s leave that question for the Chinese themselves to consider…

The greatest show on Earth is now a circus of double-dealing and sleight of hand applied to geopolicy. In the West, so-called experts are announcing a Ukraine counteroffensive as if it were an upcoming sports contest. Conversely, in the trenches of Ukraine, Wagner Group’s leader Yevgeny Prigozhin is running interference for a counter-counter offensive Russia has planned. Fox News’s Tucker Carlson is fired for telling the world how American media really works, and Ukraine Nazis assassinate Russian media persons with real bombs. No one in America can read, hear, or view Russian news channels, and all the Russians witness is a level…