The judgments that were once considered certain in the world are giving way to new ones. Every day, there are new developments, and these developments are taking place on the geopolitical axis, which tells something to Türkiye that changes the global supply and demand equations and financial flows. It is not only the duty of the state but also the duty of the national will to read and interpret these developments correctly. This is the process that needs to be read before going to the election of the century.
What does Christine Lagarde, President of the European Central Bank, say?
Lagarde recently said in a statement to the press, "While it may be difficult to measure the long-term costs of globalization, the International Monetary Fund expects it to have a direct negative impact on foreign investment and financial stability." President of the European Central Bank, Christine Lagarde also warned that economic fragmentation could result in less trade, lower production, and higher inflation. Lagarde emphasized that central banks need to act quickly to avoid repeating the policy mistakes of the 1970s. Lagarde's message to politicians was clear: do not try to impose the cost of protectionist policies on the ECB.
Lagarde's statement indicates that the cost of geopolitical issues, summarized as protectionist policies, should not be imposed on central banks, including the ECB. The changes in the geopolitical landscape, which have become a cause for conflict even in Europe, which has long been considered the center of peace and trust, appear to be so numerous and destructive that they cause heavy conflict and mismatch even among Europe's institutions.
What is US Treasury Secretary Janet Yellen saying?
In this discourse, the U.S. Treasury Secretary Janet Yellen has issued a warning about the consequences of a complete economic decoupling between China and the U.S. While maintaining a tough stance against China, Yellen has avoided openly criticizing Chinese policies. She emphasized that a complete economic decoupling would have dire consequences for both economies and that the world is "big enough" for both countries to coexist. Yellen also stated that this is President Biden's view as well.
What is the cost of geopolitical tensions? Is a shift in the global axis coming?
The heavy cost of geopolitical fractures has been realized, and it is both difficult and necessary for both sides of the Atlantic to adjust to their relationship with the East, acknowledging the high cost of doing so. If this process were temporary, it would be sufficient to analyze the reasons that led to the inflation problem in the 1970s and develop a new recipe. However, there is a process that is beyond the monetary mechanisms, causing monetary authorities to worry and take responsibility for themselves. This is an axis shift. The world is no longer centered around the West.
In the current context, the opposition's submission to Western rhetoric at all costs is clearly seen by the people. While the opposition promises to apply Türkiye's 1940s scripts, which will only result in narrowing Türkiye's sphere of influence, the world is trying to define its own path for the first time since World War II. This understanding, which deemed this nation worthy of the Marshall Plan, is contemptuous of this nation and disregards this state. The people will not fall for this. Besides, the world is no longer in the 1940s!
Erdoğan, who has constructed Türkiye as a sovereign state in the middle of East and West, is still the leader of the masses, and the AK Party is still by far the largest party. The direction of the people is still clearly aligned with the direction of Erdoğan.
Therefore, we say, "This is not an election but a referendum!"
