U. S. Flash Point Tensions – G 20 soll „Reichstag der Konsonanz“ einberufen

August 10, 2018

Lichtgeschwindigkeit 8360

am Samstag, 11. August 2018

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Der sensible No. 45 latscht der Queen vor die Füße

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Die Massenmedien sind voll mit AGGRESSIONS-NEWS:

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Dietmar Moews meint, dass die größten Handelsmächte der heutigen Welt, die auch als G 20 zusammenzukommen pflegen, in einen Weltkongress zusammenkommen sollen. G 20, ohne USA, sollen in allen Angriffspunkten, die der U. S.-Präsident durch gezielte Eigenmacht auf die bestehenden multilateralen Usancen zu zerstören sucht, ihrerseits multilateral beschwören, zu verhindern.

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Es muss gedacht und vorbereitet werden, dass die USA isoliert und autark das „AMERICA alone“ durchsetzen mögen, während der Rest der Welt versuchen sollte, ohne die USA weltwirtschaftlichen Handel und Wandel sowie militärische Balance herzustellen:

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Ich fordere einen „REICHSTAG der multilateralen KONSONANZ“

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Gleichzeitig publiziert die Kulturindustrie das tägliche U. S.-Gift, die Welt zu vergiften:

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„U. S. kündigen neue Sanktionen gegen Russland wegen „Gesetz zur Kontrolle chemischer und biologischer Waffen“ an“ (neues deutschland, 10. August 2018)

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„U. S. dekretiert verdoppelte Zölle gegen türkische Metall-Exporte (New York Times 10. August 2018)

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„U. S. drohen Nordkoreas Kim-Yong-un mit militärischer Gewalt und Handels-Isolation“ (Süddeutsche Zeitung, 6. August 2018 „Nordkorea System Kim“)

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„U. S. belegen den Iran mit einseitiger Aufkündigung des Atomvertrags und den Rest der Welt jeglichen Handel mit Iran abzubrechen“ (Neue Zürcher Zeitung, titelt 8. August 2018, „Zurück zum Stand vor dem Atomabkommen“)

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„U. S. bedrohen Venezuela und die venezulanischen Erdölgeschäfte mit Sanktionen“

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„U. S. belegen Chinas Exporte in weiteren 265 einzelnen Artikeln mit extremen Zöllen – China erwidert“

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„U. S. droht der E U unter Fristsetzung mit enormen Sanktionen und Zollerhöhungen ultimativ wg. Handelsbilanz-Ungleichheiten“

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No. 45 2. left

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New York Times, 10, August 2018 by Jack Ewing

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Turkey Emerges as Economic Flash Point as Tensions With U.S. Soar

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„Turkey’s currency plunged Friday — accelerated by a hostile tweet from President Trump — causing financial markets to tremble and showing that the country is as much a risk to the world economy as it is a geopolitical flashpoint.

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Internal political turmoil, soaring inflation and a burgeoning conflict with Mr. Trump over a jailed American pastor combined to destroy confidence in the Turkish lira, which lost 20 percent of its value against the dollar at one point on Friday, dropping it to a record low.

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Turkey’s economy is only the 17th largest in the world, but its problems are worsening as Mr. Trump’s trade war is rattling global commerce, damaging longtime alliances and threatening economic growth worldwide.

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There is also widespread fear among foreign investors that the populist, authoritarian government of President Recep Tayyip Erdogan is pursuing irresponsible economic polices while undercutting the independence of the central bank. That, analysts fear, is preventing the country from taking the necessary steps to put the economy on a more stable footing.

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Mr. Trump aggravated an already dire situation in Turkey when he said that he would double tariffs on imported Turkish steel to 50 percent and on aluminum to 20 percent. The move seemed to be in retaliation for Turkey’s refusal to release an American pastor, Andrew Brunson, who was swept up in a crackdown after a failed coup attempt in 2016.

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The move effectively priced Turkish steel out of the American market, which accounting for 13 percent of Turkey’s steel exports.

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Our relations with Turkey are not good at this time!” Mr. Trump wrote.

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I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!

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Mr. Trump’s hostility toward a NATO ally that borders Iran and Syria increased the risk that Turkey’s problems could destabilize economies well beyond the region.

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The plunge in the lira raised doubts about Asian and European banks that have invested in the country, and it contributed to declines in stock markets around the world. As with the financial crisis set off by Greece in 2010, Friday’s events were the latest example of how troubles in a nation with a midsize economy but world-class problems could threaten financial stability further afield.

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In financial markets everything is interlinked,” said Bart Hordijk, a market analyst in Amsterdam at Monex Europe, a foreign exchange firm. “You don’t know if one bank has huge exposure to the Turkish lira.”

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As a result, Mr. Hordijk said, “People scramble to safer assets.”

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On Friday, a dollar bought more than 6.8 lira, easily a record. Over all, the currency has lost more than 30 percent of its value against the dollar just this week. The yield on Turkish 10-year bonds has risen sharply, to more than 20 percent, meaning traders are demanding much higher returns for what they see as an increasingly risky investment.

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The sharp decline of the lira, and worries over the wider consequences of Turkey’s economic turmoil, helped drive the main stock indexes in Tokyo, Frankfurt and Paris more than 1 percent lower. The selling extended to the United States, where stock benchmarks were down about half a percent.

Banks with large Turkish holdings were among the biggest losers. Shares of UniCredit of Italy and BBVA of Spain both fell more than 5 percent in afternoon trading, while shares of the French bank BNP Paribas fell 4 percent. All have large stakes in Turkish lenders.

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Mr. Erdogan did not reassure investors on Friday when he continued to blame foreigners for the country’s problems. His combative comments on national television were seen as a signal that he is not likely to change the policies that have undercut the lira’s value, pushed inflation close to 16 percent and made bank loans prohibitively expensive.

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Mr. Erdogan urged Turks to combat the lira’s slide by selling any dollars they have stashed away — advice few Turks are likely to take since hard currency is their best insurance against soaring prices.

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As a result, Turkey risks becoming caught in a vicious circle.

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With its currency weakening, Turkey must pay more for imported oil and other goods. That leads to higher inflation, causing the lira to fall even more.

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Without steep increases in central bank interest rates and cuts in government spending — moves that Mr. Erdogan has so far refused — the country could suffer hyperinflation and economic collapse.

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Turkey also provides a particularly vivid example of how investors are pulling money from emerging markets. Investors can earn safer returns in the United States because the Federal Reserve has been raising interest rates. At the same time, protectionism is making the rest of the world look much riskier.

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Beyond its domestic economic issues, Turkey’s diplomatic ties with the United States have worsened considerably.

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Washington has imposed sanctions on two ministers in Mr. Erdogan’s government as punishment for the detention of Mr. Brunson, the American pastor, and Ankara has retaliated. Representatives of Turkey and the United States met in Washington this week but failed to resolve the conflict.

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The associated diplomatic row continues to hurt the country’s assets,” Jim Reid and Jeff Cal, analysts at Deutsche Bank, said in a note to investors on Friday. “Countries that are in a diplomatic battle with the U.S. at the moment (e.g. China, Turkey and Russia),” they wrote, appear “to be suffering in the markets.”

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The currency’s sharp decline has reflected concerns about the fundamentals of Mr. Erdogan’s economic model, which has depended on a voracious construction industry that his opponents say has enriched his inner circle while heaping debt on the country.

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Since Mr. Erdogan acquired sweeping executive powers with his re-election in June, the lira has fallen further, amid concerns that the strong-willed president is taking no one’s economic advice but his own. In an example of his increased role, he has resisted calls for a rise in interest rates to curb inflation and to ease pressure on the lira.

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As was the case when Greece helped cause a financial crisis, the reaction in the markets was disproportionate to Turkey’s importance to the world economy.

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Investors fear that banks in Asia and Europe could suffer because they have invested in Turkish assets like stocks, bonds or the currency itself. Problems at banks could then spread to other sectors of the economy.

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Mr. Erdogan has, however, dismissed such concerns. In a speech on Thursday, he insisted that Turkey would weather the current storm.

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Don’t forget, if they have the dollar, we have our people, our Allah,” Mr. Erdogan told a crowd of supporters in Guneysu, a town in the northern province of Rize, where his parents are from. “We have worked hard, and we are working hard.”

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Where were we 16 years ago,” he said, referring to his first election triumph, “and now where are we?”

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His speech was quickly lampooned on social media, however. “When the landlord asks for the rent, is it possible to pay just by saying, ‘You have your apartment, but we have our Allah?

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Dietmar Moews meint: Ich hoffe, dass sich alle Nationen der Welt – besonders die 20 wirtschaftsstärksten – zu einem Dauerkongress treffen, um eine multilaterale Verabredung miteinander auszulegen.

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Insbesondere muss eine multilaterale militärische Verteidigungsorganisation entworfen werden, die notfalls gegen einzelne US-Attacken mit gemeinsamen Kräften den Frieden zu sichern versuchen sollten.

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Es kann dieser US-Präsident No. 45 seinen Kleinkrieg gegen jeden nicht in Wählerstimmen verwandeln, wenn schließlich auch die USA-Bürger zahlen werden, wenn das isolierte USA seine Selbstbestimmung gegen CANADA und gegen MEXICO durch eine Mauer weitertreibt, während eine Fußball-Weltmeisterschaft zugleich in Mexico, USA und Canada abgehalten werdden soll (wie blöde gehts denn noch?)

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Ich finde es beinahe lustig, wenn ich lese:

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„Venezuela habe Palästina die völkerrechtliche Anerkennung erklärt“

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