QUESTION: Mr. Armstrong, You say you aren’t clairvoyant. Nevertheless, you realize extra issues than anybody geopolitically from there may be an assassination of Trump to Turkey will see to resurrect the Ottoman Empire. A few of us wish to understand how you get so many issues proper when individuals assume they’re off the wall once you say them. It might be enlightening to take heed to your response.
Thanks for all you do
Rob
ANSWER: Look, I believe the distinction is that folks don’t perceive historical past and assume that the previous has no bearing on the longer term. Historical past repeats as a result of human nature by no means adjustments. Along with a quick restoration from the COVID-19 pandemic, the macroeconomic insurance policies in Turkey and excessive commodity costs have contributed to surging inflation even on a nominal foundation, however then there was vital forex inflation, and the US buck has soared in opposition to the Turkish lira. This deadly mixture has precipitated rising exterior imbalances which can be intermixed with implicit liabilities.
As we will see, the US buck has soared in opposition to the Turkish lira. Erdogan’s dream was to resurrect the Ottoman Empire, which ended when it was defeated and dissolved in 1908—1922. Now, with the financial situations being deplorable, Erdogan wants an exterior enemy. The Arab nation-states are sympathetic towards Russia since they see that Israel is a protectorate of the US. Erdogan is taking part in to the Arab world, and since Turkey has essentially the most vital navy pressure within the Center East, he hopes to be seen because the savior and resurrect the Ottoman Empire, which simply so occurred to have included Israel.
In case you have by no means been to Greece or Turkey, you might be unaware that the hatred between these two nations dates again to Alexander the Nice’s time. For Greece to even come out and make an announcement that they will assault Turkey without warning doesn’t assist the disaster.
Turkey will defend the Arabs in opposition to Israel, and the tensions between Greece and Turkey, each NATO international locations, will result in Turkey exiting this NATO alliance. They’ll be a part of with Russia, which many of the Arab world helps. That is nothing new. That is merely how nation-states will at all times reply with out exception.
So keep tuned for extra enjoyable and video games. However when a rustic is in financial disaster, it wants an exterior enemy, and NATO gives nothing in return for his or her loyalty.
