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Turkish PM Cuts Ties With US, Mulls De-Dollarization With Russia

Tyler Durden's picture


As Turkey's graft probe continues (which the Prime Minister believes is a conspiracy - fact or not - created by The West), AP reports that Recep Tayyip Erdogan has said he no longer holds "direct" telephone conversations with U.S. President Barack Obama, suggesting a rift between the leaders who were once close. What is perhaps even more concerning is Turkey's recent de-dollarization discussions with Russia to move to settlement in local currencies. It appears 'allies' are falling by the way-side quicker than many thought...


Turkey shuns Obama... (via AP)

Turkish Prime Minister Recep Tayyip Erdogan has said he no longer holds "direct" telephone conversations with U.S. President Barack Obama, suggesting a rift between the leaders who were once close.


In an interview with Turkey's ATV television late Monday, Erdogan said that "in the past, I used to call him directly. Because I was not able to get direct results on Syria, now our foreign ministers talk to each other."


Erdogan did not elaborate. But the Turkish leader is known to have been frustrated by U.S. reluctance for a military involvement in Syria to end the violence there.


Erdogan told ATV he speaks with Vice President Joe Biden to discuss Iraq.


In the past, Obama cast Turkey as a model democracy and the two would frequently talk by telephone.

Turkey prepares to De-Dollarize with local currency settlement with Russia... (via Google Translate)

In Sydney, the Minister of Economic Development of the Russian Federation Alexei Ulyukayev "on the margins" of the meeting of trade ministers of the "Group of Twenty" met with the Minister of Economy of the Republic of Turkey Nihat Zeybekchi.


In 2013, the volume of trade between the countries amounted to 32.7 billion dollars. Russia is the second (after the EU) among foreign trade partners of Turkey, and Turkey - the eighth largest trade partner of Russia.


As one of the measures to stimulate the development of trade and economic relations between Russia and Turkey, the Turkish side proposes to proceed in mutual national currencies. The question now being discussed at the site of the bilateral Working Group on banking and financial cooperation.


Minister of Economy of the Republic of Turkey Nihat Zeybekchi noted that the Turkish side is interested in building on the territory of Russian transport and logistics center for the provision of warehousing, customs clearance, loading and unloading, packing of goods, etc., which is connected with the sea ports, airports and railways and highways.


Discussion of all issues Ministers agreed to continue an ad hoc working group in late September in Istanbul.

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Tue, 07/22/2014 - 16:27 | 4989813 franzpick
Tue, 07/22/2014 - 16:31 | 4989827 Pladizow
Pladizow's picture

So, Turkey goes "cold turkey" on the dollar!

Tue, 07/22/2014 - 16:33 | 4989852 Handful of Dust
Handful of Dust's picture

oi vey

Tue, 07/22/2014 - 16:36 | 4989864 Latina Lover
Latina Lover's picture

It seems that the USSA evil empire is playing for broke in the Ukraine.  Something must be scaring them to resort to such obvious false flags as ML17

Tue, 07/22/2014 - 16:40 | 4989883 CClarity
CClarity's picture

I'll take a Turkey Club on rye please, with a shot of Vodka now.

Tue, 07/22/2014 - 16:43 | 4989906 knukles
knukles's picture

And he's got a YouTube video to prove it. 

Tue, 07/22/2014 - 16:46 | 4989914 ZerOhead
ZerOhead's picture

That is really going to throw a monkey wrench into everyones oil and gas pipeline ambitions...


Tue, 07/22/2014 - 16:45 | 4989920 NoDebt
NoDebt's picture

Obama's leadership.  Wherein he turns around and finds nobody following behind him.

Tue, 07/22/2014 - 16:48 | 4989936 ZerOhead
ZerOhead's picture

Let's see if ISIS starts heading north now...

Tue, 07/22/2014 - 16:49 | 4989942 svayambhu108
svayambhu108's picture

Elections anyone ?

The presidential election in Turkey has been scheduled for August 10, 2014.

Cmmon people, dont bite it

Tue, 07/22/2014 - 16:51 | 4989961 Liberal
Liberal's picture

Don't worry.  Hilary will solve everything.  Because she's a woman and we need a woman president.  And she'll reverse the Hobby Lobby decision. 

Tue, 07/22/2014 - 16:56 | 4989974 Manthong
Manthong's picture

“he no longer holds "direct" telephone conversations with U.S. President Barack Obama

At least he has a choice to get that lying, collectivist POS out of his face each and every day.. something that is im-f’n-possible in this country.

Tue, 07/22/2014 - 18:56 | 4990582 TheRedScourge
TheRedScourge's picture

You know, I can't help but wonder how much of this is due to the Wikileaks diplomatic cables and the Snowden NSA releases. I can imagine that most of the world leaders had little idea of the extent of how badly they were getting fucked over by the US, and I bet it hasn't been hard for Putin to win these nations over since then.

Tue, 07/22/2014 - 19:05 | 4990615 mc225
mc225's picture

'ch'... yeah right

Tue, 07/22/2014 - 19:43 | 4990775 Hugh_Jorgan
Hugh_Jorgan's picture

This is no surprise, is it? Turkey has been far from a close ally for many years. They changed fundamentally when they brought this guy in. He is a radical Muslim who will only be wooed by power. Recently Putin has been punking Obama at every turn, and with the BRICS monetary fund making news, this seems long overdue to me.

Tue, 07/22/2014 - 20:31 | 4990973 palmereldritch
palmereldritch's picture

When Vlad is done laying pipe on the Continent they're going to have to re-name the Euro the Putano

Tue, 07/22/2014 - 21:35 | 4991221 casfoto
casfoto's picture

Maybe it has to do with Israel killing the 9 on board the freedom boat and then realizing that talking to Obummer has no result at all because the Zionists are criminal and will control at all costs. The Turks are considered an honorable race, not like the Zionists.


Tue, 07/22/2014 - 17:06 | 4990037 mrvco
mrvco's picture

Oh we're going to end up with a woman president, but it won't be Hillary.

Pocahontas 2016

Tue, 07/22/2014 - 17:22 | 4990109 Anusocracy
Anusocracy's picture

Mary Ruwart 2016

Tue, 07/22/2014 - 18:07 | 4990367 Herd Redirectio...
Herd Redirection Committee's picture

Ann Barnhardt 2016.  Provided I get to uuh, speak to her.

Wed, 07/23/2014 - 01:54 | 4991762 bankerbackbacon
bankerbackbacon's picture

Bathhouse Barry and Michael are going to need to up their bullshit meter. Lately, the lies are not even remotely believable.

Wed, 07/23/2014 - 02:26 | 4991795 svayambhu108
svayambhu108's picture

Elizabeth Warren

Wed, 07/23/2014 - 01:58 | 4991764 bankerbackbacon
bankerbackbacon's picture

Ann Barnhardt 2016.  Provided I get to uuh, speak to her.



I will be her personal bodyguard, I back that idea. Think Whitney Houston.

A sexy, intelligent former hedge fund manager as prez... How much worse could it be than the head Czar, bathhouse Barry?

Tue, 07/22/2014 - 19:22 | 4990682 CH1
CH1's picture

Mary Ruwart 2016

I'm pretty sure Mary wouldn't want the job, but she is terrific.

Tue, 07/22/2014 - 17:12 | 4990066 ZerOhead
ZerOhead's picture

That election outcome was likely already settled months if not years ago...

Tue, 07/22/2014 - 18:45 | 4990534 Greenskeeper_Carl
Greenskeeper_Carl's picture

ha... turkey starts having "Al CIA-da insurgents" and an 'arab spring' movement in 3.2.1....

Tue, 07/22/2014 - 18:12 | 4990395 whyami
whyami's picture

Don't worry, he still has European puppets and middle east dictators.

Tue, 07/22/2014 - 18:44 | 4990530 Berspankme
Berspankme's picture

Little Tin Horn wanna be Obama. Such a jackoff

Tue, 07/22/2014 - 21:29 | 4991199 RaceToTheBottom
RaceToTheBottom's picture

Obama, "he turns around and finds nobody following behind him."

We have to blame the american voter for this.  Obama is what he was.  It is not his fault that what worked for the US voter does not work for intelligent people (or possibly people without the spoon feeding of the american media)....


We should stop electing people we want to have a beer with.  Intelligence should not be an disadvantage.  We do this in the education environment and in the real world.


Tue, 07/22/2014 - 16:45 | 4989919 COSMOS
COSMOS's picture

I wonder what changed Erdogan's mind, could it of been the publicly unreleased tape where Vicky Nuland says 'Fuck Turkey and Erdogan'

But seriously, how much longer did he think he would last after Khadafi and Assad before the dual citizen run USA would turn on him to secure the oil and gas fields in the Eastern Mediterranean for you know who....

Tue, 07/22/2014 - 16:56 | 4989979 ZerOhead
ZerOhead's picture

They sold him out on the promises they made for helping overthrow Assad.

They used to be good friends not so long ago... ah it's seems like only yesterday...


I suspect the new Kurdish state Bibi & friends wish to set up may cost him some acres as well...


Tue, 07/22/2014 - 16:58 | 4990002 socalbeach
socalbeach's picture

But wasn't it Russia that prevented the US from bombing Syria and overthrowing Assad?

Tue, 07/22/2014 - 17:01 | 4990014 knukles
knukles's picture

Nope... Obama made that decision.  Unless Bush it was Bush's fault.

Tue, 07/22/2014 - 17:18 | 4990091 ZerOhead
ZerOhead's picture

And then AIPAC went fucking nuts.

Now I hear they don't speak so much...

Tue, 07/22/2014 - 18:08 | 4990377 Herd Redirectio...
Herd Redirection Committee's picture

Turkey, Germany + Russia = domination of central Europe.

Tue, 07/22/2014 - 18:14 | 4990403 Herd Redirectio...
Herd Redirection Committee's picture

Seriously, though.  From Bulgaria, to Belarus, to Austria. 

Its a nice little triangle.

Tue, 07/22/2014 - 19:26 | 4990698 Kirk2NCC1701
Kirk2NCC1701's picture

Bulgaria and Serbia will be happy to join too.

Wed, 07/23/2014 - 01:28 | 4991750 agNau
agNau's picture

It is really quite simple. Putin showed Merkel the goods, and she is passing them around.
The room of Anglo Dollar believers is emptying out.
No one wants to hold dollars or hands with the US any longer. Disgusting Bitch! They stopped the car and threw her out!
Now she'll throw up on herself.

Wed, 07/23/2014 - 02:34 | 4991801 Ides of November
Ides of November's picture

Turkey & Germany certainly have form........

They make a great Axis of Central Powers.


Interesting tidbits

July 28th, 1914 - Austria declared war on Serbia (looks like this anniversary will be ignored)

August 1st, 1914 - Germany declared war on Russia (looks like this particular anniversary will also be ignored)

August 4th, 1914 - United Kingdom declared war on Germany (Hmmmmm, too soon?)

October 29th, 1914 - Turkey entered war on Germany's side..... Just a fortnight before this fabulous G20 Gala Ball thing Tony Abbott of Australia is hosting. All the cool people will be there. The greetings are going to be fun!

Tue, 07/22/2014 - 17:15 | 4990021 ZerOhead
ZerOhead's picture

Nah... Russia bailed Obama's ass out and the Nazi shitshow in the Ukraine was all the thanks Puitn got.

Congress, although extremely willing as usual, was getting some serious heat from the people who vote.

Tue, 07/22/2014 - 16:40 | 4989889 eatthebanksters
eatthebanksters's picture

The great and mighty O has no time for those who do not share his brilliant vision of what the world can become...unfortunately for the great and might O, no one shares his vision.

Tue, 07/22/2014 - 16:46 | 4989909 knukles
knukles's picture

Oh, I'll betcha Cloward and Piven are happy


PS  Which pipeline was it that goes across Turkey?

Tue, 07/22/2014 - 17:17 | 4990088 Sedaeng
Sedaeng's picture

The one that was suppose to go through Syria?

Wed, 07/23/2014 - 20:27 | 4995888 Escapedgoat
Escapedgoat's picture

TAP. From Azerbajan.

Tue, 07/22/2014 - 16:42 | 4989897 Ignatius
Ignatius's picture

Turkey is an important NATO partner.

This is strange.

Tue, 07/22/2014 - 17:08 | 4990057 ZerOhead
ZerOhead's picture

Things these days are so complety fucked up it gives anyone who is still capable of rational or critical thought migraines.

Unless our leaders are secretly brilliant and merely acting like fools... well... it's beginning to look more and more like a free-for-all.

No wonder they wheeled out Cheney...

Tue, 07/22/2014 - 18:23 | 4990456 durablefaith
durablefaith's picture

the cognitive dissonance comes from seeing nation states as benefactors.  

the plan

bring in new world order. must bring america lower. transfer assets east. ruin americas reputation. alienate americas allies. devalue usd. disarm merikans. one world currency tied to export value. mass refugees status to break up regions of solidarity. war between muslims and everyone else. resolution - outlaw nations and religions. one world system complete. target date 2025

Tue, 07/22/2014 - 17:10 | 4990064 Z_End
Z_End's picture

I wonder how much longer they will remain in NATO? Even if they stay perhaps they will be very reluctant parteners. Let's see if they as NATO troops to leave the country...

Tue, 07/22/2014 - 17:22 | 4990108 ZerOhead
ZerOhead's picture

NATO never leaves.

After all they are US... and it would fuck immensely with our ambitions of global dominance.

Tue, 07/22/2014 - 22:07 | 4991336 COSMOS
COSMOS's picture

I am wondering when the French will kick NATO out again.  I really see no reason why they bothered joining.

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