New Ottoman Empire Reduced to Onion-Hoarding

The rebirth of the Caliphate and the Ottoman Empire is running into some hiccups. And Trump's sanctions aren't helping.

Turkey’s government is hunting for onions as part of efforts to fight crippling inflation, blaming unauthorized stockpiles for pushing up prices for shoppers.

The country is in the grip of an economic crisis driven by a weakened currency, soaring debt, and a rift with the U.S. that saw President Donald Trump impose new trade tariffs.

Prices for everyday goods have soared in the past year, at one point threatening to derail strongman Recep Tayyip Erdogan’s bid for re-election as president.

The annual rate of inflation surged to 25 percent in September — the highest in 15 years — while the Turkish lira has lost nearly 40 percent of its value. A typical bag of onions costing the equivalent of 50 cents in Izmir last month now costs $1, Sol Haber reported, and is on course to sell as much as $2 by the end of the year.

Islamic socialism works as well as any other kind.

Erdogan built a billion dollar palace and dreamed of rebuilding the Ottoman Empire. And here he is fighting onion hoarding.