Turkey Seeks to Trade in National Currencies With Russia, China, Iran | WHAT REALLY HAPPENED


Turkey Seeks to Trade in National Currencies With Russia, China, Iran

Turkish Foreign Minister Mevlut Cavusoglu’s recent remarks echoed President Recep Tayyip Erdogan’s earlier call to put an end to the dollar’s domination and begin trading in national currencies.

Delivering an opening speech at the 18th session of the D-8 Council of Foreign Ministers in Antalya, Turkish Foreign Minister Mevlut Cavusoglu announced that Ankara was looking to engage in trade with Russia, China and Iran using national currencies.

“We are experiencing a period of trade wars. The best response against this would be using our local currencies in trade. Turkey is preparing to do trade in local currencies with countries such as China, Russia, Iran and Ukraine. We also continue such negotiations with other countries,” he said.

Webmaster's Commentary: 

So, what happens when no one wants to use the US dollar anymore with which to buy goods and services?!? What happens when to the American economy when that happens?!?

If I have ever seen economic stupidity writ large, it is President Trump's sanctions against Russia, China, and Iran, which is forcing them to work even more closely together economically, and militarily.

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