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Economic Achievements And Setbacks Of Erdogan’s Neo-Ottoman Empire

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Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

ILLUSTRATIVE IMAGE

Turkey’s economic situation has deteriorated dramatically over the last couple of years, exacerbated by domestic political instability and worsening relations with key trade and investment partners. High levels of foreign debt and the plummeting value of the lira on currency markets threaten to implode the economy. The government is betting on gas and oil transit fees from major pipelines, as well as domestically produced gas, to restore economic prosperity, however this will take years to fully realize and projected revenues may not arrive in time.

The government’s credit-fuelled growth policies and President Recep Tayyip Erdogan’s preference for low interest rates have sent the lira to a new all-time low against the US dollar. Turkey has large external financing needs, and its private sector is heavily indebted in foreign currency, raising risks of financial instability and a possible economic collapse in 2020-21.

The economic crisis has been exacerbated by the political and military leadership’s expansionist and aggressive foreign policy and bitter disputes with major trade partners and traditional and more recent strategic allies alike (in particular the US and European Union, and Russia, respectively), which has isolated Turkey on the global stage, and makes international assistance to stabilize the dire economic situation much less likely (other than from Qatar, which although vastly rich in gas will not be able to solve Turkey’s burgeoning economic problems alone).

While Turkey is conveniently located to capitalize on the gigantic oil and gas infrastructure projects that will connect the resource-rich regions in Russia, the Caspian and the Persian Gulf (and possibly the eastern Mediterranean in the future) with European markets, these will take time to develop, as will the large gas deposits that were discovered in Turkey’s Black Sea economic zone in August.

Overview of Turkey’s Economy

Turkey’s economy is driven by its industry and, increasingly, service sectors, although the agriculture sector still accounts for about 25% of employment. The automotive, petrochemical, and electronics industries have risen in importance and have overtaken the traditional textiles and clothing sectors as Turkey’s main exports.

Although Turkey’s economy enjoyed a period of sustained growth during the first decade of Erdogan’s leadership, the period of political stability and economic dynamism has given way to uncertainty and security concerns due to both domestic and external developments, which are generating doubts on financial markets and casting a long shadow over Turkey’s economic outlook.

The government has relied on policies emphasize spending measures and low interest rates to stimulate the economy, however as debt reaches critical levels this cannot be continued indefinitely.

The government has taken a more active role in some strategic sectors, however it has also used economic institutions and regulatory agencies to target political opponents, undermining private sector confidence. Between July 2016 and March 2017, three credit ratings agencies downgraded Turkey’s sovereign credit ratings, citing concerns about legal certainty and economic stability.

After a severe financial crisis in 2001, Turkey adopted financial and fiscal reforms as part of an IMF program. In the subsequent period the country’s economic fundamentals improved and there was a period of strong growth, averaging more than 6% annually until 2008.

An extensive privatization program was also adopted, reducing the State’s role in basic industry, banking, transport, power generation, and communication. Although this produced a financial surplus in the short term, it also reduced the State’s ability to influence economic development strategies.

Since 2001 when Turkey commenced a wide ranging restructuring of its energy markets in accordance with IMF demands, the country has moved from a state-owned, vertically-integrated model in most related sectors to a fully privatized electricity distribution network, and mostly privatized electricity, oil and natural gas markets. It has also passed new renewable energy and energy efficiency legislation, established new regulatory agencies, and carried out price reforms.

In the subsequent period, Turkey has added about 31,000 MW market-based electricity generation capacity, including an additional 16,000 MW generation capacity based on renewable sources in the 2001-2014 period.

Although the Turkish oil market is now a ‘highly regulated liberal market’, the State-owned enterprise BOTAŞ still controls natural gas supply and trade. Even so, private natural gas trade and distribution companies play an active role in the market, and the private sector participates in gas exploration and production projects.

Overall, agriculture accounts for approximately 7% of GDP (and 18% of employment), industry and manufacturing accounts for 32% of GDP (27% of employment), and services account for 61% of GDP (55% of employment).

Major agricultural production includes tobacco, cotton, grain, olives, sugar beets, hazelnuts, pulses, citrus, and livestock. Major industrial and manufacturing products includes textiles, food processing, automobiles, electronics, mining (coal, chromate, copper, boron), steel, petroleum, construction, timber and paper.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

The construction sector has been favoured by the government’s spending and easy credit strategy

Tourism is one of the most important of the services sectors, and has contributed between 11% and 12% of GDP over the last 10 years up until early this year. Tourism had however already been hit hard by Turkey’s geopolitical disputes with Europe, Russia and the US, as well as the deteriorating security situation following Turkey’s intervention in northern Syria and intensification of the ongoing military campaign against Kurdish armed insurgent groups, before the outbreak of the Coronavirus reduced the flow of tourists almost completely.

Most exports (as of 2017) were to Germany 9.6%, UK 6.1%, UAE 5.9%, Iraq 5.8%, US 5.5%, Italy 5.4%, France 4.2%, and Spain 4%. Major export products include apparel, foodstuffs, textiles, metal manufactures, and transport equipment.

Most imports as of 2017 were from China 10%, Germany 9.1%, Russia 8.4%, US 5.1%, Italy 4.8%. Major import products include machinery, chemicals, semi-finished goods, fuels, and transport equipment.

Turkey has been running a constant trade deficit for many years, averaging around $40-50 billion per year. The trade deficit blew out to over $6 billion in August 2020 up from around $2.3 billion in August 2019 due to both a fall in exports and an increase in imports.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Turkey Balance of Trade Deficit 2010-2020

The overall trend of Turkish GDP since 2016 has revealed persistent underlying imbalances in the Turkish economy. Growth has stalled, and Turkey’s large current account deficit means it must rely on external investment inflows to finance economic activity, leaving the economy vulnerable to an adverse shift in investor confidence.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Turkey GDP 1995-2020

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Turkey GDP per capita 1995-2020

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Turkey Unemployment Rate 2005-2020

The last few years have also seen rising unemployment and inflation, compounded by the Turkish lira’s continuing depreciation against the dollar. Approximately 20% of the population lives below the poverty line. Although government debt remains relatively low at about 30% of GDP, bank and corporate borrowing has almost tripled as a proportion of GDP during the past decade, prompting investor concerns about its long-term sustainability.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Turkey Inflation Rate 2010-2020

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Turkey Military Expenditure 2010-2020

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Turkey Government Debt to GDP 2010-2020

The country has also had to face US unilateral sanctions since August 2018, due to the detention of a US citizen suspected of involvement in the 2016 coup attempt. US sanctions were extended in 2019 following Turkey’s invasion of northern Syria into areas occupied by armed groups supported by the US, and other punitive economic measures were imposed including a tariff increase on steel from Turkey and the cancellation of negotiations over a possible trade deal.

These concerns have deepened substantially as the economy has been hit by the dramatic global economic downturn this year caused by the Coronavirus outbreak. Although as in almost all other countries this latest ‘external shock’ is without precedent in modern times and could push the economic situation into free-fall, economists preaching the fiscal austerity dogma – as well as Turkey’s ‘adversaries’ and doomsayers – have been warning of an impending economic implosion for some time. For example, last year an analysis in The New York Times commented disparagingly:

Turkey has avoided the meltdown that seemed possible last summer when the lira plunged precipitously, but safety is remote. The palpable threat of imminent collapse has given way to a sense of muddling through as the government unleashes credit to defer an inevitable reckoning…

Turkey’s currency remains battered, while its foreign debts remain vast. Inflation and joblessness are alarmingly high. Economic growth is minimal, and anxiety considerable amid the sense that more trouble lies ahead…

For Mr. Erdogan, all available choices entail peril.

Most economists maintain that he must accept interest rates above the now-stultifying level of 24 percent to dissuade investors from abandoning Turkey. That should prevent the lira from falling further, limiting inflation. But it would also deprive businesses of capital, yielding bankruptcy and joblessness, while constraining economic growth…

All signs now point to Mr. Erdogan’s forcing interest rates lower, while pumping credit to Turkish businesses and households. That should spur spending and economic growth, but at the cost of remaining faith in the currency, yielding more inflation and bank losses that risk eventually exploding into a full-blown crisis…LINK

While Turkey’s consumption and growth-led strategy has defied the predictions of its many critics up until now, the risk that it will surpass all limits is greater than ever in the current global economic conditions.

Nonetheless, most of those that would be likely to celebrate such a development are also deeply mired in their own economic problems, and the fallout from a generalized economic collapse in Turkey would have major ramifications throughout Europe, the Middle East and West Asia.

Oil and Gas Sectors

Turkey remains highly dependent on imported oil and gas, importing 92% of its crude oil and almost all of its natural gas. To address this it is pursuing several parallel strategies including developing energy relationships with a broader set of international partners and increasing use of domestic energy sources including renewables, nuclear, and coal.

Turkey is also hoping to rectify the chronic trade and current account deficits with oil and gas revenues, both from transit fees from pipelines as well as by greatly increasing domestic production.

Turkey’s aggressive exploration program in the eastern Mediterranean has caused a dramatic increase in geopolitical tension in the region and threatened to provoke a military clash with Greece in particular (backed by most members of the European Union) as maritime boundaries remain unresolved.

Turkey’s exploration efforts in the Black Sea have however been much more successful, and without the controversy and associated security risks, as all exploration activities have taken place within Turkey’s universally recognized maritime zone.

Turkey has increased LNG purchases from Qatar and the US this year, taking advantage of lower spot prices, and also looking to reduce gas imports from Russia and Iran. The LNG imports have also been facilitated by the expansion of Turkey’s LNG infrastructure capacity in recent years.

Although Turkey and Qatar have been keen to develop economic relations and infrastructure projects between the two countries, nothing has eventuated yet and they will require the cooperation of other countries for any major project to be successful. LINK

Major Gas Find in the Black Sea

In August President Recep Tayyip Erdogan announced that Turkey has discovered a field in the Black Sea holding an estimated 320 billion cubic metres of gas.

But he also said that the discovery – which he hopes will be providing energy to the national power grid by the time Turkey celebrates its centennial in 2023 – will not slow the push to explore for reserves in the eastern Mediterranean.

The Black Sea find “is a sizable discovery, but we still need more gas,” a government official said.

“Our demand will still be 70% imported,” when the Black Sea gas goes online. LINK

The State-owned Turkish Petroleum Corporation (TPAO) decided to conduct exploration activities directly, and purchased three drilling ships with this objective — Fatih, Yavuz, and Kanuni, all named after Ottoman sultans — between 2017 and 2020, deploying them in both the eastern Mediterranean and the Black Sea. Fatih was instrumental in making the August discovery in the Black Sea.

Turkish authorities considered a potential collaboration with Russian and Iranian companies, but it seems less likely given current relations with both countries. Turkey has increasingly diverging interests with Tehran and Moscow in Syria and is also trying to reduce dependence on Russian and Iranian gas supplies.

Therefore, Turkey will likely be reluctant to add another dimension to this complex web of relations by inviting a Russian or Iranian company to the project. Turkish companies are more likely to partner with companies from friendly states with experience developing such complex and costly projects.

TPAO has already partnered with the State Oil Company of the Azerbaijan Republic (SOCAR) in upstream projects in the Caspian Sea. Given the fraternal relations between the two countries, which have only solidified in light of the recent fighting between Armenia and Azerbaijan over the disputed Nagorno-Karabakh region, SOCAR’s engagement in the project is not excluded. Ankara’s unequivocal support for Baku in the conflict with Armenia and Azerbaijan’s increasingly growing share in natural gas supplies to Turkey could be easily translated into cooperation in the oil and gas sector as well. LINK1, LINK2

Exploration in the eastern Mediterranean

Turkey intensified its search for oil and gas in the offshore eastern Mediterranean in 2018, but has so far failed to discover any oil or gas in the region. The increased exploratory activity has however reignited unresolved maritime boundary disputes with its neighbours, particularly Greece and Cyprus, and led to an ongoing crisis in the region. Over the last couple of months its main survey vessel has had a military escort, which has been confronted at sea on numerous occasions by Greek navy ships.

Turkey also concluded a maritime boundary agreement with the Tripoli-based Government of National Accord in Libya in November last year in an attempt to consolidate its claims in the eastern Mediterranean.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Click to see the full size image

The agreement has added additional fuel to the already extremely high tensions in the region, with Egypt and Greece signing an agreement several months ago which overlaps with the earlier agreement, and Turkey will not be able to continue exploratory activities in disputed areas in the eastern Mediterranean without provoking a major crisis, the imposition of sanctions by the European Union, and a real possibility of armed clashes with at least one of its neighbours.

Turkey’s other main hope for increasing revenues from the oil and gas sectors involves the generation of transit fees from major pipelines between production areas in the Middle East and Western Asia and markets in Europe.

Baku-Tbilisi-Ceyhan crude oil pipeline

The Baku–Tbilisi–Ceyhan (BTC) pipeline is 1,768 kilometres long and stretches from from the Azeri–Chirag–Gunashli oil field in Azerbaijan’s maritime zone in the Caspian Sea to the Mediterranean Sea. The crude oil pipeline commenced operation in 2006, and has a capacity of up to 1 million barrels per day.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

BTC crude oil pipeline (Azerbaijan energy ministry map)

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

The BTC pipeline is one of several from Azerbaijan towards Europe, with others crossing to the Black Sea via Georgia and Russia

The pipeline cost US$3.9 billion to build, and employs around 1,000 people. 70% of the construction cost was funded by third parties, including the International Finance Corporation (a subsidiary of the World Bank), the European Bank for Reconstruction and Development, the export credit agencies of seven countries, as well as a syndicate of 15 commercial banks.

The pipeline is owned and operated by BTC Co, in which 11 companies are shareholders (of which BP is the largest and has responsibility for operational management of the pipeline). The shareholders are BP (UK) 30.1%, State Oil Company of Azerbaijan (SOCAR) (Azerbaijan) 25%, Chevron (US) 8.9%, Statoil (Norway) 8.71%, Türkiye Petrolleri Anonim Ortaklığı (TPAO) (Turkey) 6.53%, Eni (Italy) 5%, Total (France) 5%, Itochu (Japan) 3.4%, Inpex (Japan) 2.5%, ExxonMobil (US) 2.5%, and ONGC Videsh (India) 2.36%.

Baku-Tbilisi-Erzurium gas pipeline

The Baku–Tbilisi–Erzurum Pipeline (also known as the BTE pipeline, Shah Deniz Pipeline, or South Caucasus Pipeline) is a natural gas pipeline from the Shah Deniz gas field in the Caspian Sea to Turkey. The pipeline runs parallel to the Baku–Tbilisi–Ceyhan crude oil pipeline, and commenced operations in 2007.

The 42-inch diameter gas pipeline has been laid alongside the Baku–Tbilisi–Ceyhan pipeline until Erzurum, where the latter turns south towards the Mediterranean. It is 692 kilometres long, of which 442 kilometres is in Azerbaijan and 248 kilometres in Georgia. The initial capacity of the pipeline was 8.8 billion cubic metres (310 billion cubic feet) of gas per year, and has since been expanded to up to 20 bcm per year.

The pipeline is owned and operated by the South Caucasus Pipeline Company, whose shareholders are BP (UK) 28.83%, TPAO (Turkey) 19%, SOCAR (Azerbaijan) 16.67%, Petronas (Malaysia) 15.5%, Lukoil (Russia) 10%, and Naftiran Intertrade (Iran) 10%.

Southern Gas Corridor

The construction of the Southern Gas Corridor, a chain of pipelines linking Azerbaijan to Italy, has cost $40 billion and the project is almost completed.

The Southern Gas Corridor’s main source of gas is the Shah Deniz field, located in the economic zone of Azerbaijan in the Caspian Sea. The project comprises three pipelines and has a total length of almost 4,000 km: The South Caucasus Pipeline (SCP) linking Azerbaijan with Georgia, the Trans-Anatolian Pipeline (TANAP) across Turkey, and the Trans-Adriatic pipeline (TAP) linking Greece, Albania and Italy.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Southern Gas Corridor gas pipeline

Onshore work on the pipeline has been completed in Azerbaijan, Georgia, and Turkey.

Sixteen wells have been drilled in the Shah Deniz gas field and are ready for operations. Eight of the wells are producing and gas is already flowing to Azerbaijan, Georgia and Turkey.

The rest will be gradually put on-stream once the final stretch in Italy is completed. Work on the TAP section of the gas corridor is over 90% completed and is estimated to be finished around the end of this year.

Turkey has been receiving gas in the pipeline since July 2018. It received approximately 2bcm in 2018, 4bcm in 2019, and in 2020 the supplies are expected to be about 6 bcm. Also, 2 bcm have been reserved for Greece and Bulgaria, which will be delivered once TAP enters operation.

A 25-year supply contract has been signed with Italy, and the first Azeri gas is expected to start flowing there before the end of 2020, with supplies estimated to be at 8+bcm per year.

The Azerbaijani government (Ministry of Economy of the Republic of Azerbaijan) owns 51% of the Southern Gas Corridor; the other 49% is owned by State Oil Company of Azerbaijan Republic (SOCAR).

The project has also been strongly promoted by the European Union, and even the US, as an important diversification of its energy sources:

SGC is a multinational natural gas pipeline supported by the European Commission and financed by the World Bank, European Bank for Reconstruction and Development, and Asian Infrastructure Investment Bank. Despite the US has not invested and will not get any commercial benefit from the project, Washington supports TANAP due to its promotion of diversification of energy supplies…

Energy resources in the Caspian Basin are important for the EU, and the geographical location of Azerbaijan makes it ideal and more optimal point for the transportation of these resources;

SGC is not long-distance route as Nabucco, therefore, it is affordable in terms of costs;

SGC will create competitive prices in the energy market, especially for Southern Europe at the first stage, and later for CEE countries;

SGC will strengthen Turkey’s position as a transit country, and enhance the EU-Azerbaijan relations. LINK

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

Click to see the full-size image

The planned Nabucco pipeline was eventually abandoned by the project’s proponents in 2013.

Turkey and Azerbaijan having been steadily deepening their ties, a trend that has been boosted by the troubled relations of both with Armenia. Several other major infrastructure projects apart from the Southern Gas Corridor also reflect the strength of their developing relationship:

Since the dissolution of USSR, the Azerbaijan-Turkey axis has brought positive trends both in the political and economic fields. For instance, despite several issues and obstacles at the end of XX century, Azerbaijan and Turkey managed to implement the Baku-Tbilisi-Ceyhan (oil pipeline), Baku-Tbilisi-Erzurum (gas pipeline), and Baku-Tbilisi-Kars (railway) projects and strengthen their geopolitical benefits in the world arena. Following this, TANAP project Turkey will gain a strategic momentum against Russia in the context of ensuring energy flow, especially to Europe in the near future.

Turkstream Gas Pipeline

TurkStream connects the gas transmission systems of Russia and Turkey. The gas pipeline has two strings with a combined throughput capacity of 31.5 billion cubic metres, and is 930 kilometres long.

The first string delivers gas to Turkey, while the second string is intended for gas transit to southern and south-eastern Europe through Turkish territory.

Economic Achievements And Setbacks Of Erdogan's Neo-Ottoman Empire

The Russian end of the TurkStream pipeline is the Russkaya compressor station, which is part of Russia’s Unified Gas Supply System and is located near Anapa. The compressor station has a capacity of 224 MW, sufficient to supply the pressure required for transmitting gas along the pipeline’s two strings up to the Turkish coast where the gas enters the receiving terminal.

The pipelaying for TurkStream took 15 months and was completed ahead of schedule in November 2018. The construction of the receiving terminal near Kiyikoy in Turkey was finished in 2019, and the project was officially inaugurated in January of this year. LINK

Conclusion

Although Turkey’s strategic location means it is well placed to capitalize on the major oil and gas projects between the Caspian Sea, southern Russia, the Middle East and Europe, its expansionist foreign policy coupled with an aggressive negotiating approach has made it an undesirable project partner for many countries which will only reluctantly be engaged when there is no alternative.

While Turkey’s invasion of northern Syria did not concern the European Union greatly, its stand-off with Greece in the eastern Mediterranean is another matter and risks exposing it to sanctions from its major trading partner. After the latest outbreak in hostilities between Armenia and Azerbaijan, Turkey seems to have realized that the confrontation with Greece is a step to far, apart from being unnecessary at the moment. This would explain the decision to stop exploration activities in disputed parts of the eastern Mediterranean for the moment.

The decision to simultaneously confront Russia, Europe and the US is a dangerous policy, particularly when Turkey is also pursuing expansionist and provocative policies with many of its immediate neighbours. Unless Turkey’s political and military leadership begins to take a more conciliatory approach, it could find it has played its allies and adversaries off against each other one time too many.

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Khazar Supremacy

Clever goycomment image

Al Balog

BIG news I learned about: TurkeyGate 2020. With this, you’ll learn that Trump is actually Erdogan’s puppy, not Putin’s puppy.

I’ve been doing a great amount of research lately, which is why you haven’t seen me comment much lately. And looking at these Turkish sources, you may lose brain cells ?. These are articles that support my idea of “Turkeygate”, which, like Israel, is the one really pulling the strings of the American government. It’s not Russia or China. There is also a good timeline of collusion within the American Republican party:

https://www.courthousenews.com/boom-times-for-turkeys-lobbyists-in-trumps-washington/

Not only that, but Turkey goes so far as to bribe Republicans like national security adviser Michael Flynn:

https://thehill.com/policy/defense/421780-turkey-and-michael-flynn-five-things-to-know

Trump has been doing business in Turkey for a long time and is a friend of Erdogan. Everything that Trump says about Erdogan and Turkey is positive, despite the fact that it is a Muslim country. I think for Trump, Turkey is a white European country.

https://ona.az/en/world/trump-turkey-is-a-great-nato-ally-and-a-strategic-partner-of-the-united-states-10233

Erdogan will also speak positively of Trump, and Erdogan sees him as a way to “take” Idlib:

https://southfront.org/erdogan-says-he-asked-trump-to-support-idlib-operation-with-munitions/

Turkish mainstream media with full Turkish IP addresses all seem to be anti-Biden. I noticed that in Turkey, American influence of Turkish media is very common, as in Ukraine, so I had to find “real” Turkish sources like these. This one is very much critical of Biden, while trump is either positive (domestic policy) or neutral (pragmatic Turkish foreign policy):

https://www.habervakti.com/haberleri/joe%20biden

Turkey fears that if Biden and Kamala Harris win, they’ll recognize the Armenian Genocide:

https://www.habervakti.com/dunya/demokrat-partili-baskan-adayi-joe-biden-in-yardimci-sectigi-h124166.html

The only small criticism of Trump in Turkish-controlled mass media concerns Israel and Iran. Even so, the criticism is fairly low-key, and they find other commonalities, such as opposition to Syria, Russia, and China. They also openly compare American Antifa to the Kurds, and praise Trump’s opposition to Antifa as much as Erdogan and the Kurds:

https://www.dirilispostasi.com/dunya/trumpin-teror-orgutu-dedigi-antifaya-fbidan-guzelleme-orgut-degil-ideoloji

By the way, on Ebay, I also found a picture where Erdogan autographed a portrait of him and Trump. He is smiling and looks happy:

https://www.ebay.com/itm/RECEP-ERDOGAN-president-Republic-of-Turkey-signed-photo-8-x-10-rarity-proof/233473537457?hash=item365c1b75b1:g:brsAAOSwb5ZeKaj5

After all, knowing how powerful Erdogan has become on the world stage, I can’t rule out real Turkish interference in Republican affairs, similar to what Ukraine did to Hillary and the Democrats. Trump and Erdogan have a lot in common, even in terms of human qualities and stupid behavior. Erdogan would do anything to restore the Ottoman Empire.
comment image

occupybacon

And here are the achievements of Russia:
comment image

Mineral Fuels & Oils (52.24%), Iron & Steel (4.29%), Pearls & Precious Stones (3.61%), Machinery (2.13%), Wood & Articles (2.04%), Fertilizers (1.99%), Cereals (1.87%), Aluminium& Articles (1.38%), Electronics (1.31%) and Copper & Articles (1.24%).

BMWA1

COMMODITIES only…please read your link…no value added products by definition do not be John McCain.

occupybacon

Zorry, what?

BMWA1

your list is of commodities ONLY not other goods… So cereals oil wood are the limits in your graph…it is in title also

occupybacon

And what other goods you know other than ‘commodities’?

cechas vodobenikov

u nazis have a negative trade balance w all nations; Russia a positive trade balance w all nations—fully self sufficient, exports more wheat than all nations

occupybacon

And by Russia you mean the Moscow oligarchs that exploit the natural resources, not the country peasants. Don’t worry, most of the ‘Russian’ profit is in Swiss banks, safe from your tiny pockets.

cechas vodobenikov

USA far greater wealth income disparities than Russia–gini-coeffecient
yes u r exceptionally stupid people
#1 obesity, #1 violent/nonviolent crime per capita, most incarcerated per capita of any nation in history, most mentally ill–30+%, most homeless, 2 million families in extreme poverty (Russia zero), greatest consumption per capita marijuana, heroin, meth, coke, etc—expected from robots
Arthur Koestler compared u to 5th century Romans: “a similarly contactless society populated by automatons…a similarly soulless, politically corrupt, everybody for themselves society”
now run along u pitiful robot

occupybacon

You read that on a vodka bottle label?

Fog of War

Russia makes spacecraft but cant produce a decent TV, Computer, Car, etc ………….. Something is very wrong with that picture.

StafJustice

Lol…How do you know?

occupybacon

Do you have any made in Russia products in your house? Name a well known Russian electronics brand.

cechas vodobenikov

of course–u peasants r required to import everything from China, Japan, Korea..russian vehicles, tech exported to S America, Asia, Africa….not enough meth in your Topeka basement?

occupybacon

Your phone and your PC are more American than is your food Russian.

cechas vodobenikov

plokhoi malchik—phone Russian/PC Russian
all mobile phones in USA made in China
indeed backward amerikans have never innovated—fully documented by G Gorer
my Austrian friend became rich in silicone valley—he refuses to hire incompetent amerikan engineers
he informed me that he was recently invited to a party in SF–the elite 25 engineers that manage apple computer: he heard only 2 languages spoken at the party—German and Russian
LOL

occupybacon

Russian PC? LOL. The ‘made in China’ phones and pc’s are asambled in China but thw components are not made in China. Btw what Russian CPU and Videocard do you have in your PC? So I can google them :)

Lone Ranger

Do you have any U.S. made?
I dont.
Most people dont.

occupybacon

Yes I have running shoes made in USA and my phone and pc GPUs are also made in USA. And yours too. And everybody else’s.

Lone Ranger

Your shoes are made in China.
Your CPUs are either made in China, Vietnam, Malaysia or Germany.
Your GPUs are made in Taiwan.

occupybacon

Your mom is made in China, my shoes are made in USA.

Lone Ranger

In your LSD induced delirium maybe…:)

cechas vodobenikov

stop lying —even your meth is made in Mexico

occupybacon

Good stuff. I snort it from your mom’s crack. She likes to be spanked.

Fog of War

LOL are you LOL a little LOL girl ?

How do I know ? The internet is your friend.

PZIVJ

Are you drunk again Frog?
BTW, still time to view Mars at closest approach to Earth. :)

Fog of War

Mars is a nice harbinger.

cechas vodobenikov

due to sanctions/tariffs Russia does not export tech/vehicles to to USA, Western Europe

occupybacon

USSR always imported food, despite of having so much land and a population of 260 million.

cechas vodobenikov

false porky–again your nazi brain fails

Lone Ranger

Same as the U.S.
Interestingly today the U.S is less self reliant than the EU or Russia.

occupybacon

US always exported food,since the beginning of their history.

Lone Ranger

Nowdays mostly GMO soy.
Even the U.S. brands are locally ptoduced in the EU and China.
But let’s be honest when was the last time you bought U.S made chocolate or candy, even Porkyshitko is more successful with his Roshen stuff.

Ariste Arvanitides

Those that are creating the BLM movements, and chaos in the streets planned it that way. Many foreign nations are heavilhy invested in the U.S. and they want profit, not caring about the unemployment they are bringing on with their automated factories for pigs, chickens, and other food stuffs like soy. They cause problems for the residents in those areas… it is economic rape.

Ariste Arvanitides

The weather does not help Russia to have agricultural economic base, though in the time of the Czars, Russia did well and was self-suficient and had a booming economy. Later under the USSR, Ukraine was their bread-basket.

cechas vodobenikov

more stupidity from the CIA—Russia produces many vehicles, tv, computers, mobile phones etc

Fog of War

Name me one internationally known and recognized Russian computer brand, electronics brand, car brand ? These have to be on par with Chinese, Japanese, and Korean products. I’ll be patiently waiting.

I’m not saying Russians arent capable but they are severely lacking in consumer brand exports.

Lone Ranger

Ebrus.

Fog of War

Consumer brands only .

Fog of War

Alright, I’m just going to do this one more time, as people here have reading comprehension issues. World wide know consumer brands on par with Japanese, Chinese, Korean CONSUMER products.

Lone Ranger

These are world wide known.
They export to a lot of countries.
Only because you dont know them dont troll them.
Many U.S. brands are unknown to most people like Magnavox or Timex, most U.S. products with the exception of Xbox cant penetrate foreign markets, same as their cars.

Fog of War

Thanks for not answering. I’m done.

Lone Ranger

Aside from that there are many high tech countries that dont have a consumer electronic brand.
Are they less successful because of that.
Would you live in the U.S. or Switzerland…?
I rest my case.

Lone Ranger

Google was also copied from Russian Yandex.
In fact the head of Google is Russian.

cechas vodobenikov

only amerikans obsess about consumer brands; civilized people emphasize quality. Do your own research—while most tech in Russia is domestically produced —superior to Asian tech, everything in USA is imported (internationally recognized? you mean WMD’s in Iraq?)

Lone Ranger

They can produce decent cars, they only dont export to the U.S.
Similar to many EU brands.
They also have decent computers for example Elbrus super computers.
But your anazligy is a bit butthurt.
Does Switzerland produce cars or computers?
Yet its referred as one of the best countries on the planet with a high tech society.

Fog of War

Whats anazligy ??

Lone Ranger

Analogy*
Typo…

cechas vodobenikov

more CIA stupidity—u actually believe fake news and fake US academics–“technicians that serve power w a thin understanding of everything”. R Hofstadter…
too stupid to comprehend your own historians?

occupybacon

Do you have alternative info presented by the Russian side?

cechas vodobenikov

“amerikans are ignorant and unteachable”. George Santayana
I will not waste my energy convincing a stupid racist about anything

occupybacon

I didn’t ask you to convince me, do it for the other readers that deserve to be presented the real export data, if you have a Russian source that contradicts mine.

Lone Ranger

Soros stats…

occupybacon

You don’t need to answer 3 times to one comment.

Lone Ranger

Did I?
My bad…
?

Lone Ranger

What dies the U.S. export?
GMO soy and sanctions and death…

Lone Ranger

U.S. exports less than Germany with a trade deficit of $800billion.
While Russia runs a trade surplus of close to $300billion…
Better luck next time Trollstoy ?

occupybacon

How come that huge excedent that Russia benefits from, didn’t help the country to build a real industry and export finite goods, in 30 years? Ohh wait, the answer is simple, all the money are stolen by Moscow Oligarchs and transfered in Westeen banks. Go back to your vodka, Ivan. Economy is not your thing.

Lone Ranger

They did.
But there is simply more profit on oil and gas, so why shoot yourself in the foot.
There is a reason U.S. is pushing shale oil and gas, too bad that the whole industry is going belly up due vto low oil and gas prices.
60% of the civilian infrastructure and 80% of the military has been rebuilt.
U.S. civilian infrastructure had the last major upgrade in the early 70s.
U.S.bis literally falling apart, their military is more overbloated than what the Soviets had.
It cant go on like that any longer, even the Pentagon knows that, they want to phase out aircraft carriers down to only 2-3, and replace them with subs and battlecruisers.
Pentagon stole $6trillion, wars costed another $6trillion, bankster bail outs since 2008 $11trillion.
Meanwhile avg Joe cant pay for shit, no Universal healthcare either…
Let that sink in for a moment…
The U.S. is broke, busted and disgusted.

occupybacon

Where did you copy such long ass diharea, reading labels of empty bottles of vodka?

Lone Ranger

You must be mixing me up with your daddy Windman…

cechas vodobenikov

amerikan association of engineers ranks US infrastructure D+

Lone Ranger

I was in the U.S., its a joke, their air ports felt like Im in the 60s.

cechas vodobenikov

u despicable racist pig! your stupidity is transparent. Germans, French, Italians, amerikans all consume more alchohol per capita than Russians…again u confuse drunken ukrop w Russians

occupybacon

Not that it matters to me but what is the criteria for someone to be a racist?

SnowCatzor

Erdogan is fast burning all his bridges to pursue his jihadist/expansionist agenda. Turkey is paying the price for his arrogance.

Fog of War

” Erdogan is fast burning all his bridges to pursue his jihadist/expansionist agenda. ”
You’re missing the bigger picture.

Lone Ranger

No he is not.
What Erdogan is doing is cery costly and the Turkish economy cant really back it up.
He is playing everything or nothing same as the germans in WWII or the U.S. nowdays.
But this strategy never works, as history shows us.
Turkey is already stalled in Lybia and Syria now they are trying their luck in the Caucasus.
They are desperate.

Steve Standley

Yup. I have expressed confusion about Erdogan because of his public opposition to Israel, but the big moves he’s making are totally in-line with Israel. What i mean is that israel is looking to start a global war, and a war that opens the middle east up to their conquest. Erdogan, along with Al Qaeda and ISIS, have been aiding that goal. The Armenian-Azerbaijan conflict is a huge step toward this and we know both Turkey and Israel are aiding in this. With Israel, you always have to assume first that they are taking the most cowardly, deceitful approach possible. Working on the down-low with Erdogan makes sense then.

Fog of War

” With Israel, you always have to assume first that they are taking the most cowardly, deceitful approach possible. Working on the down-low with Erdogan makes sense then.. ”
Not just Turkey, there are many more ” partners ” involved.

Steve Standley

Sure. Absolutely. But Turkey, to me, was a little more puzzling.

cechas vodobenikov

agree–erratic policies

Steve Standley

For me, finding Erdogan doing the bidding of the larger conspiracy is like when i first realized Soros, although he claims to despise Israel, is quite frankly working for the same team. He appears to represent an oppositional stance, but his role is really to create social strife and foment revolution and socially degrade the countries he operates in. Including the US. You can’t control the outcome if you don’t control both sides.

occupybacon

It’s USA who calls the shots, EU wouldn’t give a damn

cechas vodobenikov

misfired shots—u lose all wars fearing death in your backward self uglified plywood village nation…”only in amerika is the father vestigial; the American mind and conscience is feminine…amerikan males are troubled by a basic insecurity…” Geoffrey Gorer
“amerikans have been liars and braggarts for 3 centuries”. Daniel Boorstin
your LGBT insecurity is farcical

Fog of War

” “only in amerika is the father vestigial; the American mind and conscience is feminine…amerikan males are troubled by a basic insecurity…” ”

Now it is, thats for sure. However, its an affliction that affects mainly the white population. This is due to decades of programming.

cechas vodobenikov

Gorer observed this in 1948 and found it to be more obvious in the late1960’s—in his ethnography ‘The amerikan People’ described by Margaret Mead as “penetrating, brilliant”….this regards that US children have little contact with their fathers and that mothers undermine the father’s authority in the USA, producing an insecure, narcissistic male population—” The Culture of Narcissism” Christopher Lasch
Recent narcissism researchers—Twenge/Campbell, Sarah Konrath, Abramsky find that this self loathing, antagonism, lying/bragging is worse by 40% in only 2 decades

occupybacon

Out of vodka, Ivan?

cechas vodobenikov

not enough meth in your trailer park homer?

occupybacon

That’s why Russia is top at suicide rates, cause they have people like you that are too smart for this unfair world.

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