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Turkey’s Main Opposition Party Threatens To “Come And Take Back 18 Islands Owned By Greece”

The leader of Turkey’s main opposition party Republican People’s Party (CHP),  Kemal Kilicdaroglu, threatened to come and take back a total of 18 islands occupied by Greece. No worries. The leader of Kemalist CHP will not come in the next days, weeks or months. He will come in 2019, after his party will win the […]


New Erdogan Decree Grants Immunity For “Suppressing Terror”, Paves Way For Militia Violence

President Recep Tayyip Erdogan’s latest batch of presidential decrees has transformed Turkey into a nation of government-endorsed militias and "anti-terror vigilantes." According to Ahval, Erdogan published Turkey's latest state of emergency government decree – the country has been under a perpetual state of emergency since the summer of 2016 failed coup – in the Official […]


Mysterious Gold Dealer’s Testimony Puts Erdogan On Shaky Ground

Authored by M K Bhadrakumar via The Asia Times, As on the soccer field in his youth, so in a tumultuous political career spanning four decades: Turkey’s president Recep Tayyip Erdogan has consistently shown his mettle as a fighter who won’t be satisfied with anything short of total victory.  But in the battle that is […]


Turkey Turmoils: Erdogan Exposed In Trial, Leaked Docs; Seeks Arrest Of CIA Analyst Over Coup Attempt

Turkish President Erdogan's week just went from bad to worse… After yesterday's Zarrab trial confirmed Erdogan was responsible for the secret gold trade with Iran that enabled the nation to evade US sanctions… "What I’m saying is that the prime minister at that time period Recep Tayyip Erdogan and minister of the treasury … had […]


Lira Tumbles After Zarrab Confirms Erdogan Approved “Secret Iran Gold” Trade

In somewhat of a worst-case scenario, Turkish-Iranian gold trader Reza Zarrab just confirmed that Turkish President Erdogan approved the "secret Iran gold" trade that enabled Iran to evade US sanctions. Full Zarrab quote: "What I’m saying is that the prime minister at that time period Recep Tayyip Erdogan and minister of the treasury … had […]


Lira Plunges As Mystery Gold Trader Exposes “Secret” Turkish Deal To Evade Washington’s “Economic Jihad”

We detailed below that TRY was selling off on US accusations that the Turkish economic minister of taking bribes.   Citi's FX desk explains why Turkish markets are watching the US trial of a banker so closely. The basics: The US government has accused Turkish banker Mehmet Hakan Atilla of helping Iran evade US sanctions. […]


Turkish Lira, Bonds Crash As ‘Secret Gold Trade’ Trial Begins, Implicates Leaders

For the first time in history, Turkish 10Y bond yields topped 13% this morning and the currency just plunged to a new record low against the dollar as the trial of the gold-trader at the center of the "secret gold trade" with Iran begins today and looks set to implicate Turkish leadership as we warned. […]


Turkey Withdraws Troops From NATO Drill Saying Erdogan’s Name Was Used On “Enemy Chart”

Turkey has reportedly  withdrawn its troops from a NATO military drill in Norway after President Recep Tayyip Erdogan said Friday that his name and the picture of Turkish Republic’s founder Mustafa Kemal Ataturk were used in an “enemy chart”. “There was an incident in Norway,” Erdogan told ruling Justice and Development (AK) Party members in […]


Mueller Probes Flynn’s Role In $15 Million Plot To Kidnap Erdogan’s Arch-Nemesis

Last week, we reported that Special Counsel Robert Mueller is close to asking a grand jury to approve indictments for former National Security Adviser Mike Flynn and his son, Mike Flynn Jr., as investigators believe they have enough evidence to bring charges after speaking to multiple witnesses about Flynn's lobbying work, including whether he laundered […]


Turkish Lira Tumbles As Erdogan Re-Escalates US Tensions

In early trading, the Turkish Lira is slumping (having tagged pre-US-Visa highs) as President Tayyip Erdogan showed no retreat from a diplomatic row with the United States, castigating Washington for what he called an “undemocratic” indictment against his security detail. As Reuters reports, his comments may further dash hopes of a quick resolution to an […]


The Underlying Reasons For Turkey’s Disengagement From The US

Authored by Dmitiry Minin via The Strategic Culture Foundation, The Turkish media is reporting that a staffer at the American consulate general in Istanbul was recently arrested under the serious charge of attempting the “destruction of the constitutional order,” “espionage,” and seeking “to overthrow the government.” To be specific, ties have been uncovered between the man under […]


Turkey Sentences Wall Street Journal Reporter To Jail For Terrorist Propaganda

A Turkish court has just fanned the flames of an incipient diplomatic crisis between the US and NATO’s most problematic member, when it found a Wall Street Journal reporter guilty of engaging in “terrorist propaganda” in support of a banned Kurdish organization. Ayla Albayrak was sentenced to more than two years in prison for writing […]


Turkey Issues Arrest Warrant For Second US Consulate Worker, Lira Plunge Accelerates

One day after an escalating diplomatic spat, in which both the US and Turkey halted the issuance of non-immigrant visas to each other’s citizens following last week’s arrest by Turkey of a US consulate worker, on Monday Turkey issued another detention warrant for a second US consulate employee, Ahaber newspaper reports. The market reaction to […]


Turkey Arrests US Embassy Employee

In a move that looks suspiciously like retaliation, Turkish police on Wednesday arrested a local employee of the US embassy in Istanbul and charged him with espionage and trying to overthrow the government, the Wall Street Journal reported, citing local media. The arrest stemmed from the man’s alleged support for US-based Turkish Cleric Fettulah Gulen, […]


Erdogan Says Turkey No Longer Needs EU Membership, Son Slams European “Infidels”

Via KeepTalkingGreece.com, President Recep Tayyip Erdogan said on Sunday that Turkey no longer needs EU membership. His son Bilal who plays an important role in Turkey’s politics went even further and described the Europeans as “gavur” (indifels). The comments come after 12-year-long accession talks with Brussels grind to a halt. “We will not be the […]