Skip to comments.Erdogan names himself chairman of Turkey’s Wealth Fund
Posted on 09/12/2018 8:03:05 AM PDT by Texas Fossil
Turkish President Recep Tayyip Erdoğan appointed himself chairman of Turkeys sovereign Wealth Fund and his-son-in law and Treasury and Finance Minister Berat Albayrak as his deputy chairman, Turkish media reports said on Wednesday.
According to a decree published in the Official Gazette, Zafer Sönmez, head of Turkey and Africa for Malaysias government investment vehicle Khazanah Nasional Bhd, was named as the Wealth Funds new general manager. Treasury and Finance Minister Albayrak will also sit on the board,
The overhaul comes two years after the Wealth Fund was formed to try and capitalize on state assets and put a lid on market turmoil in the wake of a failed coup attempt. But the funds goals and strategy were never clearly defined, and internal strife led to the firing of its first chief executive officer after Erdoğan publicly expressed his disappointment.
(Excerpt) Read more at turkishminute.com ...
Will he slip out of NATO, embrace the Russian Bear, cause a total financial collapse in Turkey and continue shooting himself in the foot?
Its good to be the king.
I’ve noticed over the years how Islam, seems to work better with taxed revenue than donations by it’s followers.
Guess that he needs additional funding. No more stollen oil from Syria sold for gold. Chaves’s brother?
Yes, one dictator to another. Birds of a feather, deliver the same results. Disaster.
Yes, until they kill you.
Yep. But never works well.
The Clintons probably drooled with envy when they heard of this.
Actually, Islam calls for taxing non-believers ... not believers.
You got it! Then they Turkish Gov promised 20+% return on bonds! LOL
Sadly many Gov’s/People bought them believing the lie!
I hereby appoint myself head of the federal reserve
America’s Wealth Fund is the Clinton Foundation. So no foul.
Turkey’s Wealth Fund.
Money for Turkeys.
Russia and Turkey have been enemies for centuries. Hard to see them getting along for very long.
EXHIBIT ONE: SEPT 2016--- officials from the State, Justice and Treasury departments said Obama's $1.3 billion to Iran was paid in cash on Jan 22 and Feb 5.
The money came from a little-known fund administered by the Treasury Department for settling litigation claims. The so-called Judgment Fund is taxpayer money Congress has permanently approved in the event it's needed, allowing the president to bypass direct congressional approval to make a settlement.
The U.S. previously paid out $278 million in Iran-related claims by using the fund in 1991. Republicans have decried the payments as ransom, a charge that Obama administration has rejected.....a group of Republican senators announced their support for legislation that would bar payments from the Judgment Fund to Iran until Tehran pays the nearly $55.6 billion that U.S. courts have judged that it owes to American victims of Iranian terrorism.
UPDATE H.J.Ansari Zarif, the deputy for parliamentary and Iranian affairs within Irans Ministry of Foreign Affairs, said he would expose "everyone who allegedly accepted bribes" to facilitate Obama's nuke deal with Iran. "... we will reveal which western politicians received monies during nuclear negotiations to make #IranDeal happen, Mr. Zarif reportedly said.
==================================== Looks like Obama and his crowd got filthy rich on this deal. In case you wondered how the Halfrican intended to pay for his billion dollar final resting place dedicated to the Sun God .Obamas "presidential center." NOTE: Obama said no federal funds will be used......just tax dollars with an Iranian postmark.
EXHIBIT TWO---JANUARY 2008 The US Treasury from the Obama era HAS a huge Rahm/Obama paper trail.One can get awfully rich awfully fast knowing the Fed's Treasury moves in advance.But the Iran connection could prove to be even more interesting considering the hundreds of millions Obama secretly gave to Iran.
RHAM EMANUEL'S TWO KEY JOBS Soon as they occupied the WH, Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the IRS). PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role
THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move. When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
Pres Trump needs to make an inquiry to the US Dept of the Treasury and be sure to ask what RAHM AND Obama were doing in the US Treasury after Obama got elected.
Yes, that was clear from the beginning. And I bet Russia has not forgotten the 2 Russian planes Turks shot down.
Putin was an accountant, he keeps score. He never forgets them.
Erdogan the Islamist Dictator of Turkey assumes he can do anything he wants. Like Obozo.
The Big lie from the Dictator.
Uh-huh. No corruption going on there. Riiiiight.
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