Rebirth of the Financial Overlord

World Human Rights Organization, World Women's Boxing Organization, Christianity, Humanitarian Aid Organization, World Children's Protection Organization, etc., have all criticized and accused Turkey's existing problems in major media.

Many investment institutions and even the World Central Bank have also publicly criticized the Turkish central bank's inaction.

Analysts at Commerzbank said: Over the years, Turkey has spent a lot of money on the army, resulting in deteriorating foreign exchange reserves. It is this trend that makes Turkey powerless against the collapse of the lira.

The overwhelming international public opinion, like an unrivaled wave, brought Turkey to the forefront.

Following this, Turkish Finance Minister Kadir Emin Lynn made a public statement: For me, the exchange rate is not important at all.

The finance minister told reporters when asked about the continued depreciation of the lira to the point of worthlessness.

Before Kadir Emin Lynn made the above remarks, he announced a package of new economic plans for 1993-1996 with the theme of new stability, new normal and new economy.

Turkey's economy is expected to grow by 0.3 percent this year, after reaching 5.8 percent in 1993 and hovering around 5 percent in 1994 and 1996, the minister said.

To achieve this growth target, we will continue to focus on exports, value-added production, and expanding employment.

According to the plan, Turkey's unemployment rate is expected to reach 13.8 percent this year, before falling slightly to 12.9 percent next year, and further down to 10.9 percent in 1996.

Once the news is announced.

Turkey's largest newspaper, Kada News, published an article strongly condemning the government's inaction on the exchange rate and corruption, and said that the unemployment rate calculated by the Minister of Finance is absurd and ridiculous.

The newspaper believes that the 13.8% unemployment rate does not count women at all. If 15 million adult women are included, the unemployment rate will reach at least 38 percent or even 48 percent.

The government's indifference to the exchange rate has also aroused dissatisfaction and anger among the masses.

In the two major cities of Istanbul and Ankara, tens of thousands of people spontaneously took to the streets, holding up banners calling for the Minister of Finance to step down, and launched an attack on government departments.

Although the riot police maintained order, at least hundreds of people were injured and killed in the impact.

Lyn, you idiot. Even if you think so in your heart, you can't say it. Do you know what kind of trouble this will bring us?

You pighead.

In the Forest Nature Reserve, President Reminda Ydall Erguilan angrily threw a glass worth two hundred pounds to the ground.

He stared at him eagerly, wishing he could eat Kadir Emin Lynn.

The public can be fooled, how can outsiders fool, the international public opinion is all on him, and the news from all over the world is accusing him of his inaction. The pressure and the feeling of being abused are really too bad.

Well now, the World Bank publicly stated that there has never been a country that does not care about exchange rate issues like Turkey. It is precisely because of the Turkish Central Bank’s indifference to the lira market that the inflation rate in Turkey has risen rapidly, and the human tragedy of buying and selling wives and daughters has appeared. .

In short, what the World Bank means is that there is no country in the world as rogue as Turkey, who does not care about the lives of the people.

Therefore, even the United Nations Human Rights Organization has criticized the behavior of the Turkish government and asked Turkey to solve the current problem as soon as possible.

But money won't fall from the sky, and the southeast battlefield burns money every day. Where can the government go to stabilize the exchange rate of the US dollar and solve the current troubles.

Let President Reminda Ydal Erguilan scold, Kadir Emin Lynn didn't seem to hear it, and when the recently converted president finished cursing, Kadir Emin Lynn Lynn said: I apologize for my momentary anger and hope that my resignation will make up for the mistakes I made.

Resign?

A finance minister, but fat job.

It would certainly be great to have such a post missing.

The anger on Reminda Ydal Ergilan's face dissipated a lot, and he said, You must resign as soon as possible, we need to divert the anger of the people now.

All the ministers present were very happy to see this result. With the resignation of a minister, the public could see the determination of the government and extinguish the anger of those people.

But over the new minister, the room descended into a heated row.

Reminda Idal Ergilan wants to have his son-in-law caught up to Istanbul Finance Secretary Berard Gilberako as successor minister.

Other ministers and the military have introduced different candidates.

It has been argued that the central bank governor, Engel Altan Kadi, has the experience to be the finance minister.

There are also those who believe that the original Financial Secretary is more suitable for the post of Minister.

The military said that the statistics of the military have a strong will and the highest quality, and they are more suitable to be ministers.

After discussing for a long time, they did not agree on who should be the minister.

It was not until the three elected candidates successively announced how to save Turkey's current economy that an agreement was reached.

The son-in-law of Reminda Idar Ergirba, Berard Girberak, believes that Turkey has reached the most critical moment, and many people are displaced and suffering from hunger and cold. The government must stabilize the exchange rate to solve the current crisis. The problem at hand.

Therefore, Berard Gilberak believes that, given Turkey's current situation, it is time to apply for assistance from the IMF.

In the end, an agreement was reached between the parties, and Berard Gilberaco was always supported as finance minister.

Because Berard Girberako calculated that based on Turkey's current economic problems, if it wants to get out of the predicament, it needs to borrow at least 10 billion U.S. dollars from the IMF.

On the same day, the Press Office of the Turkish Presidential Palace held a press conference.

The former Finance Minister Kadir Emin Lynn resigned due to illness, and the new Finance Minister will be replaced by the former Istanbul Finance Minister Berard Girberako who has rich experience and has a plan to solve the current crisis.

February 1, 1993.

Turkey's central bank has initiated a $11 billion aid request to the IMF.

In view of the seriousness of the problems in the Turkish economy, the IMF dispatched a total of six experienced working teams and a special adviser to Istanbul.

Each member of this small team has made outstanding economic contributions and research in the world. Kane Walker was the chief currency researcher of the Federal Reserve. Before joining the IMF, he even helped Da Mao formulate a shock plan for economic reform.

And Ian Bausch \u0026 Lomb once held a major position in the French central bank and has in-depth research in the economic and financial fields.

Tom Pattinson is one of the founders of the new liberal economy at the University of London. This professor who abandoned classical economics proposed a very complete and successful plan for the economic reform and development of the United Kingdom during Mrs. Thatcher’s administration. suggestion.

And Valery Malikov, one of the most famous economists in the former Soviet Union, was once persecuted, but he never let go of his research on the economy. This economic expert proposed the shock plan reform in Kane Walker. At that time, it publicly criticized the drawbacks of the shock plan, so it had great influence in Central Asia and Eastern Europe.

Among the group of six, an expert on oriental faces stands out because of his unique skin tone and hair.

He was about forty years old, with a face like a crown of jade and eyes like shooting stars. When he stood there, he had the temperament of a teacher, and he did not look like an economic expert at all.

He Yuanchao.

He once worked in many investment institutions in the United States, and has won the championship list of monetary investment fund managers. It is said that he is also the founder of the economics and finance major of a university in Huaxia.

As for the special counsel.

Shen Jiannan is an expert in global economics, finance and currency, and honorary director of Jiuding University in Manhattan and Odyssey University of Economics and Finance in Ukraine.

Known as the god of investment and the god of currency, this expert enjoys a high reputation in the financial circles all over the world, and central banks of various countries have a deep understanding of his insight, judgment and analysis ability.

The IMF believes that if he joins, it can better help Turkey formulate an economic reform plan.

Istanbul, Central Bank.

Engel Altan Kadi stood downstairs to greet the IMF team and special adviser who came to investigate and help Turkey carry out reforms.

Led by Kane Walker, they shook hands and made a brief introduction.

Everyone had fake smiles on their faces, and everyone knew what the purpose of this help was.

Engel Altan Kadi has shown the poise of a central banker who, by any measure, is getting a piece of the feast.

But obviously, Engel Altan Kadi overestimated his demeanor, and stood in front of him with a guy who was only in his twenties, with black hair and yellow skin and a smile on his face, Engel Altan Kadi I just want to smash that smiling face.

Oh shit!

Let this notorious bastard help us, why not let the weasel go and give the chicken New Year's greetings.

Can you bloody hooligans and robbers be any more shameless?

Engel Altan Kadi looked at Shen Jiannan, and the smile on his face almost froze. As the governor of the central bank, he knew too well how disgusting a bastard like Shen Jiannan was.

I was still singing about Turkey in the past, and now I am running to help Turkey.

This notorious international short seller has put on the name of aiding Turkey.

It's just too deceiving!

Shen Jiannan didn't feel that he was deceiving too much. With a sincere smile on his face, he shook hands with Engel Altan Kadi and said, Mr. Kadi, nice to meet you. I'm Shen Jiannan.

Engel Altan Kadi involuntarily used his strength to the limit, and said with a smirk: Mr. Shen is famous, and Kadi has admired him for a long time. Many countries have received your help to restore economic stability. It is our honor to have you here to help us this time.

Naked sarcasm.

But a guy like Shen Jiannan has long since lost his face and skin.

Showing a trace of complacency that could just be seen by others, the guy said: Thank you, President Kadi, for your compliments. Just like the purpose of our visit this time, I believe that with our joint assistance to Turkey, the current problems will be resolved soon. kind of problem.

Hi!

Let's make money together!

Engel Altan Kadi turned blue with anger at Shen Jiannan's near-rogue words, and let go of his hand angrily, not wanting to see this kind of scum again.

The group was led by the Turkish side into the elevator of the central bank building. In an instant, He Yuanchao shook his head slightly at Shen Jiannan, but couldn't help showing a smile.

Shen Jiannan smiled slightly, but in his heart, he was extremely emotional and complicated.

This teacher, who had heard his name and admired his deeds long ago but never met him, did not expect to meet him under such circumstances.

The economic problems of a country are actually similar to the operation of a company.

The problem Turkey is facing today, to put it simply, is that it cannot make ends meet and has financial problems.

To solve this problem, what needs to be done is naturally to increase income and reduce expenditure, stimulate the economy, and reduce expenditure.

IMF members headed by Kane Walker proposed that the IMF can provide Turkey with a loan of up to 10 billion U.S. dollars, but according to the IMF assistance agreement, Turkey must accept the reform plan proposed by the IMF.

The solution is simple.

Labor value, which is one of the units of calculation in capital value.

Turkey's state-owned management has formed a monopoly of resources, slack workers, and slack management, so it lacks competitiveness in market operations.

Among them, the Turkish tobacco company, the Turkish oil refinery, and the six major shipping ports in Istanbul are the most serious.

This bloated monopoly of the government must be interrupted before the market can play its role.

Secondly, the telecommunications industry has a very high economic value in the development of a modern economy. However, under the monopoly of state-owned capital, Turkey's telecommunications industry has frequent problems and poor service attitudes, which has led to the slow development of Turk Telecom.

In the financial industry, Turkey also has various problems.

Ten banks including Turkish Commercial Bank, Turkish Guarantee Bank, AKBank, Yapi Kredi Bank, and Vakifbank, as well as insurance and securities companies, have serious nepotism disadvantages.

The appointment of family members by executives at all levels is a very unhealthy way of running the banking system.

After talking about the disadvantages of Turkey's state-owned system, Kane Walker said to Shen Jiannan, the special adviser: Mr. Shen, do you have any suggestions to add?

Shen Jiannan raised his eyebrows and said: With Mr. Walker's professional standards, these suggestions are naturally reasonable. At present, Turkey's state-owned capital monopolizes all walks of life. This backward operation must be reformed to help Turkey's financial development. Profit returns as soon as possible.”

However, the financial problem is nothing more than increasing income and reducing expenditure. From the statistics, more than 40% of Turkey's fiscal deficit is spent on armaments. If this expenditure is not curbed, I think that no matter how much the IMF provides Even the financial help cannot fundamentally solve the problem.”