The political power is dispossessing Turks, while making Arabs and foreigners property owners

For the first time, the Turkish people became property owners with the establishment of the Republic of Turkey by ATATÜRK. In 1925, the Swiss Civil Code was adopted, placing the issue of land ownership on legal foundations. Between 1927 and 1929, state-owned lands were distributed to landless peasants. Over the last 22 years, the political power, particularly through promises of citizenship, has been selling movable and immovable properties and factories belonging to Turks to Arabs and foreigners who are in the position of satellite countries to imperial powers.

The government is doing this with an ideological stance and power against the national state. First, it impoverished the Turkish people. The most concrete example of this is that 68 million of our people live below the poverty line, and 34 million of our people live below the hunger threshold. Our retirees, who have given years to our state, are living below the deep hunger threshold. After a while, our retirees will begin to sell the properties they acquired through inheritance and small savings just to sustain their lives. For our dispossessed citizens, buying property is now a utopia. The decline in our people's civic consciousness is also a factor in the nationalist-conservative government's crime of dispossession. For this reason, we see that they are recklessly selling their properties to Arabs and foreigners to obtain rent.

How did we get to this situation? The nationalist-conservative government is carrying out this dispossession by selling the homeland's soil to Arabs and foreigners under the name of political Islam.

"YOU WILL OWN NOTHING AND BE HAPPY"

The World Economic Forum's (WEF) Global Future Councils network predicted that by 2030, individuals would own nothing and be happy. The concept of dispossession has become a part of the agenda of World Economic Forum founder Klaus Schwab's "The Great Reset". In other words, the "dispossession" propaganda began to be carried out globally by a neo-liberal Western elite, whom the government criticizes at every opportunity. And this dispossession was carried out in our country by the nationalist-conservative government. In light of this information, when looking at the macro-economic data of the Central Bank in our country, it was reported that our country's short-term external debt at the end of the year was around 171 billion dollars, and that 40% of the total debt stock consisted of public sector and Central Bank debts. This corresponds to approximately 70 billion dollars. It had been reported that the Central Bank's net reserves, excluding swaps, were most recently at -45 billion dollars. In other words, who caused the currency shock and for what reason, with an interest rate policy that spent years demonizing foreign powers only to then make us dependent on them? If we were domestic and national, then why did we decide to receive financial consultancy services from JP Morgan, the doyen of the banking sector and an important partner of foreign powers and the FED, immediately after the currency shock, with the announcement in the Official Gazette dated 21.12.2021 and numbered 31698?

Was the currency shock and interest rate policy the product of a scenario that winked at capital? These are all issues that need to be thought about. Furthermore, this JP Morgan, from whom we received consultancy services, had published a report stating that after the November 2023-March 2024 period, the current account deficit would no longer be manageable and the deficit would grow even further due to Turkey's external debt. In other words, everything was on a foundation created before the consultancy agreement with JP Morgan, where the current account balance had deteriorated due to the currency shock, and purchasing power had fallen along with the monetary expansion that emerged with the currency-protected deposit scheme. The most striking point is that despite the increase in borrowing costs, the policy interest rate was kept below inflation. During this process, commercial banks made the biggest profits and reached high profit margins. Another issue was the reality of the FED's high interest rate policy in the world. Since banks held long-term and low-interest loans and low-interest bonds in their portfolios, the FED's high interest rate policy reduced the banks' interest income, and banks were exposed to significant losses during this process. Ultimately, the collapse of Credit Suisse, one of Europe's largest banks, and the American financial institution First Republic Bank last year ignited the debate that a banking crisis would emerge in the world.

Following these developments, due to dollarization in our country and the risks experienced in the world, the Central Bank increased the reserve requirement ratios of commercial banks, and commercial banks were forced to close their credit taps. So, what was the event that accelerated the collapse of Credit Suisse, which played an important role in Switzerland's industrialization and was accused of money laundering? It emerged when Ammar Al Hudari, Chairman of the Board of Directors of Saudi National Bank, the largest shareholder of Credit Suisse, stated that they would not increase their approximately 10% shareholding in Credit Suisse and would not provide support if the bank needed liquidity. Middle Eastern shareholders owned about one-fifth of the bank. On the other hand, after the bankruptcy of First Republic Bank, JP Morgan bought the failed bank. That is, the foreign power from which we receive financial consultancy. What is the link between the dispossession scenario, which is the new paradigm of the World Economic Forum and the Post-Washington Consensus, and the currency shock experienced in our country, and what is the motivation of the government, which acts under the guidance of the foreign power JP Morgan partnership, in the direction of dispossession?

The equation between the banking crisis and dispossession is actually very simple. Income alone is not a sufficient tool to become a wealth owner. Another tool is external financing, that is, borrowed money. Assuming that the income and wealth inequalities increasing in the world and especially in our country allow middle and lower-income groups to own property through borrowing, we can see that there is a direct relationship between the banking crisis and dispossession. The same is true for nation-states. The wealth of nations is essentially measured by the welfare of that country's citizens and the per capita national income. In addition, states sometimes need external financing, that is, debt, in the provision of public goods and services. At this point, the external debt management of countries is of vital importance. Because when external debt becomes unpayable, you default, declare a moratorium, and become a test subject in the dispossession laboratory of foreign powers and neo-liberals, and as a result, we have arrived here. Hafize Gaye Erkan, who was brought to the head of the Central Bank and resigned 7 months later, was the chairman of the board of the bankrupt First Republic Bank before being brought to the head of the Central Bank. Then our financial consultant JP Morgan bought it. Recently, news was reported that Egypt sold a coastal town because it was in a foreign exchange bottleneck. In other words, we may soon start selling land, or even selling towns, just like in Egypt.