Moving Away From US Hegemony
by Serban V.C. Enache
Yesterday, the heads of state of Russia and Turkey held a joint press conference, which is available here. One of their common points was to get bilateral trade working with just the ruble and the lira. Every sovereign nation ought to conduct trade in her own currency and that of her trade partner, and not conduct trade in a 3rd party currency [like the US dollar or the euro]. The issuer of the 3rd party currency receives an unearned increase in his currency’s value. When the international situation deters [like today, due to the USA’s war mongering], national currency swaps between partner countries is better than relying on a foreign currency with which to do settlement payments – especially if the reserve currency in question belongs to a belligerent actor, who – as we have seen in the case of Venezuela – has the power of freezing those accounts.
Both Russia and Turkey are advancing well in their bilateral trade and tourism, some of the most important deals are the TurkStream gas project, Rusatom aiding Turkey with her nuclear power plants, and the S-400 sealed deal.
Vladimir Putin, asked about the trade situation with Turkey being in Russia’s favor, said that a neutral trade balance is what he wishes. You’ll never hear such a statement from a German head of state or Eurocrat Neoliberal. You will never hear the EU or the Eurozone’s top brass criticize the huge and sustained German financial surpluses against the Periphery countries. They will insist for member state governments to have balanced fiscal statements, but never balanced current accounts. Putin emphasized that the main factor of attractiveness of Russian gas exports is reliability of delivery.
The situation in Syria was raised as well, including the Kurdish question. As the situation stands, the best option – which preserves human life and avoids further conflict – for the Kurds is to accept Syrian unity and relinquish any territorial claims. If we’re to invoke things like patriotism and nationalism, these ideals are incompatible with strife and death. No true patriot or nationalist can accept the blood of civilians, his own or that of the enemy, and pretend he or she is on the side of justice. The only way for sustainable peace, order, and development is through the implementation and observance of Westphalian principles: forgiving and forgetting past transgressions in perpetuity. The realist and moral position for the Kurdish region is to remain part of Syria, with full equality under the law.
The Kemalists are a concern, however, since their aim is to have stronger relations with NATO and get full EU membership. Erdogan saw how Washington treats its allies when they become independent, they tried a coup against him. Washington maintained radio silence during the coup operation, and only came out in public to condemn the coup attempt after it had failed. If you want further proof, Erdogan demanded Gulen from the Americans, so he could be tried in Turkey for his involvement in the coup. Gulen is NOT an American citizen, yet the Americans declined. It’s very clear that Washington tried to oust Erdogan, and Erdogan, since then, has taken measures to diversify geopolitical and economic relations. Erdogan should aim to strike a balance between the laic and religious sections of the population within Turkey, otherwise he risks a civil war of his own. I wrote about Turkey’s financial plight in August last year, and so far, despite the underwhelming results for Erdogan’s party [the AKP] at the recent local elections, he is pursuing a truly sovereign foreign policy and I give credit where credit is due. Turkey is no longer in the Yankee deck.
The only chance for peace in that part of the world is for Eurasia to rise, not just as an ideal, but as a Westphalian reality [a sisterhood of sovereign nation states]. I call it Southwest Asia, not the Middle East, because the latter, since the Sykes-Picot treaty of 1916, has been used as a British imperial term to describe a hot, resource dense, looting ground, and recurrent geopolitical hand grenade in Great Power conflicts [divide & rule].