Interest has been guaranteed in dollars: On the last exit before the government goes to the IMF door!

The "Turkish model", which was called "competitive exchange rate", "Chinese model", "No this is not the Chinese model" and which was not only accused of "mandate", treason by critics, but was even banned from discussing by saying "There is Nas [it is an Islamic Order]!" and declared an "economic liberation war" was thrown away overnight!

President Erdogan, who appeared before the cameras after a ministerial meeting on December 20th, announced the introduction of a "dollar-indexed interest rate model", saying that "we are deploying new tools to ensure relative stability by stopping the fluctuation in the currency".

Immediately after Erdogan's speech, it became clear from the statements of the President of the BDDK (Banking Regulation and Supervision Agency) and some bank governors that the government also discussed this new model with the bankers!

It's been discussed, it's been shared, but that's not what happened that night. At least some dollar barons were aware of all this, and they sold $1 billion during the night before Erdogan finished his speech, when the dollar was around 18 liras! Of course, they got it back the next day when the dollar dropped to $12! They increased their wealth by a third overnight.

Economics Writer Uğur Gürses calculates that mb put $7 billion into the market from the "back door" within two days of the "lottery indexed interest statement".

While politics was having all these discussions, it also turned out that the "interest model indexed to foreign currency (dollars) ", presented as "Erdogan's miraculous move", was not an invention of Erdogan or “Palace "ulema [Islamic intellectuals]", but a version of the practice known as "convertible deposits" (SOC) in the 1970s.

A MARKET-FREE ROSE GARDEN HAS BEEN MADE FOR DOLLAR AND INTEREST LOBE!

The "new model", which means cashing in the foreign currency deposits in the bank and switching to a 3-month, 6-month or 1-year term "dollar-indexed TL deposit", which the media is shouting, is being prepotential as "breaking the trap set on Turkey". Thus, although it is claimed that the economy has been introduced into a new lane, freed from the pressures of the foreign exchange and interest lobby, a closer look shows that the reality is not so.

Because what is clearly done is the indexation of TL deposits in the bank to foreign currency, and therefore the formalization of the inclusion of accounts in banks within the scope of"dollarization", is to narrow the area of TL within the bank  system. Because thus, the government has turned the market into a thornless rose garden for both the dollar lobby and the interest lobby by publicly burdening the risks arising from the fluctuation of the dollar (currency) in the market, that is, guaranteeing them with taxes collected from the people!

Just like five days ago, in the "Turkish model", which cannot be fit in the sky, they did everything they could to add billions to the billions of interest and dollar lobbies behind the propaganda of "We are against interest", "We will not give opportunity to the dollar lobby"!

IT IS THE PUSH THAT THE "TURKISH MODEL" IS BANKRUPT

Supporters present this "oldest SOM model" as "a new miracle of the President", while praising liberal opponents as "Erdogan pulling rabbits out of the hat".

But there is no "miracle" or "don't pull a rabbit out of a hat"!

On the contrary, the transition to the "currency indexed interest deposit account model" is the admission that just five days ago, the "Turkish model", presented as the most effective weapon of the "economic liberation war",  was bankrupt.

Therefore, the truth is that no matter what the black propaganda of power says, the government has to embrace the old, even oldest model of the 1970s, to save the day.

Therefore, many economists are now subjected to the relative "calm";

International markets entering the Christmas break,

It explains two important reasons, such as mb using state banks to flood the market with dollars from the "back door".

Therefore, they note that it is necessary to look at the developments after January 15th in order to see if this model is effective.

But more importantly, it is stated that the inflation of TUIK  in December will be around 10 percent, and january and February inflation will be at these levels, so the "interest indexed to foreign currency" will   not be able to resist the inflation pressure and will be solved.

In short, all the indications are that, contrary to the propaganda of the government, one-man rule is now on its last exit before it arrives at the DOOR of the IMF. If this exit can't get to a level, the IMF's door is the destination!

Well, aren't we already members of the IMF?

DOES THE 'NEW MODEL' MAKE THE AKP READY FOR 'PRESS ELECTION'?

Over the past few days, after the introduction of the "new model",  even with CPR, some advocates of capital opposition see the calming of the markets as preparation for "early", even "sudden" or "dominant election".

They also want a 50.5 per cent increase in the minimum wage, combined with speculation that civil servants and pensioners will get a "high increase," to give credibility to claims of "dominant election preparation."

Of course, neither the "new model" nor the 50 percent increase in the minimum wage in front of us and the increases that are said to be given to pensioners and civil servants can be expected to provide a level of comfort for workers to live humanely.

Moreover, to argue that the economic policies of the government may be at the level of meeting the demands of the workers at this stage will do nothing more than create expectations among the workers. Which is what the government wants.

Therefore, "early elections" are not the power; it is a demand that can make sense by switching to a line of struggle that allows it to be done at a time when the opposition wants it. Otherwise, the demand for an "early election", which is reduced to persuading Erdogan and Bahceli, which is nothing more than a one-on-one renewal, means surrendering to the government's electoral strategy.