Turkey’s Economic Crisis: Can it be stopped? 

the current economic instability is causing a lot of concern. With factors like trade tensions and fluctuating markets, it's hard to predict what's coming next.

And the pandemic has only exacerbated things. It's led to disruptions in supply chains and forced many businesses to shut down temporarily or even permanently.

That's true. And the ripple effects of these disruptions are felt worldwide. It's not just one country's problem; it affects everyone.

The massive government stimulus packages implemented to combat the pandemic's economic impact could have long-term consequences, like inflation.

Inflation is definitely a concern. It can erode people's purchasing power and make it harder for businesses to operate profitably.

The US Dollar is going to be collapsed soon, buy GOLD ✅

granted he lifted the economy in the beginning and Turkish where rightfully happy with him, just lately it doesn't seem to work anymore. But it's not for me to judge don't live there and it's their problem and solutions will have to come from Turkey itself.

has nothing to do with Erdogan. The tourism in Turkey is ravaged since Corona-shutdown. European tourists and US-tourists don't have the money anymore to go to Turkey, cuz the Inflation also massively increased the prices in Europe/USA. Broke people can't fund tourism 😝

​@@randar1969America

Electoral fraud is a big issue under the Erdogan regime. People don't trust the elections.

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

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Agreed

How come while things got more expensive now ?

@@Commbo That's explained in the video.

@@uptin Erodgan is using islamic principles on a non islamic Financiqal instrument. You need to have Gold and Silver as currency and after that no riba (interest) based system in order to succeed economically. You can't go nowhere with the fiat currency system.

@@atifrehmanfarooqui3862 That's why i am glad to live in a country where people are welcome to believe in Allah or any other religion but made it clear we keep State and Church seperate. Believing is something personal what you share with like minded people but no religion has a grasp on modern economics.. You won't find instructions how to become a succesfull economy in any religious book. Just look around are atheists countries poor and highly religion ones rich? I rest my case.

I like to go to turkey and get myself a big kabob meal and have the hungrytorks stare at me as I eat. I feel bad sometimes.

@@Techtalk2030That’s sad. A disdain for other humans. Poverty is not a sin and we will all live in the ways we find acceptable for others.

@@johnnypham2850whats sad is the genocide turkey committed against assyrians, armenians, greeks and kurds.

​@@Techtalk2030 today, Turkey is 99% Muslim. Can't argue with success.

@@Techtalk2030😱 did you say 🦃?

Wow that's awesome

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That's what you get when you combine islam with monetary policies.

actually dollar is 32,000,000 lira today in reality..in 2002 1USD was 1.500.000 lira . but the same genius removed 6 zeros from it..and 75million geniuses actually belived that this can be done! lol

was the pizza made of pure gold?? 😄

​@@bengraham5699A standard pizza outside costs between 5 - 10 dollars, a poor tourist can eat here, not everyone has to go to a luxury restaurant.

Insha'Allah Türkiye and it's amazing people will provail, as Allah azawajal says { وَٱلَّذِينَ ءَامَنُواْ وَعَمِلُواْ ٱلصَّٰلِحَٰتِ أُوْلَٰٓئِكَ أَصۡحَٰبُ ٱلۡجَنَّةِۖ هُمۡ فِيهَا خَٰلِدُونَ } [Surah Al-Baqarah: 82] Sahih International: But they who believe and do righteous deeds - those are the companions of Paradise; they will abide therein eternally. We will be back on top Insha'Allah, just need to stay firm

no. it was the Corona-shutdown of the economy

Bro I can't even laugh anymore 😭😭😭

Actually the inflation number s you see on everywhere is official , the unofficial inflation is the one we live and feel. İt's way more higher than what u see. 😂😂

How about value of lira,is there unofficial currency exchange too?

No, government institutions calculate inflation according to the products they want. And they set the rate they want ​@@danieleverywhere132

Most people in rural are uneducated, they only have access to limited amount of tv channels which stream erdogan propaganda 24/7. But he is getting less and less popular each day, so there is some hope I guess.

@@berkoral801dont they have internetler?

Ignorance

Simple....they just love😢 their current situation.... Let them be....

Well a lot of Turkish people outside Turkey are Pro Erdoghan while not living in Turkey yet voting for him

You fail to acknowledge the fact that you pay the same price in your country or probably a lot more when the prices are low you didn't say this is deflation you didn't say, this people need to raise the prices because everything else is rising and the dollar that is used to buy them is devalued by the US printing machine,

It’s all because of Evil Erdogan

Cant they eat turkey?

Compared to Switzerland? What an exaggeration! In Istanbul I can get a 500ml beer for €2.85, and if you wanna eat you can get an amazing fish wrap for €4. Show me where in Switzerland that is possible- or did you just get off the ship and sit down in Salt Bae’s restaurant at the dock? 🤦

Don't go there, they don't need people like you anyways... Istanbul is the most visited city in the world, check your facts and go somwhere else so we can enjoy Istabul the most

The US Dollar is going to be collapsed soon, buy GOLD ✅

Send them all back. They voted for it

Lol I didn't know that

all of them are kurdish 😂

@@theKaia they are still turkish citizens

@@user-jo3pm2lc9i it's true Afghanistan 1 Turkey 2 Kurdish are Turkish Citizens look it up

The local elections showed how people vote. But it was easier to rig one Federal election than a whole bunch of local elections. Only 30% of Turks want the Dictator, the remaining 70% want him gone. Only then will the suffering of Turks cease.

It's an authoritarian regime with no freedom of speech/press. N°1 country in the world, and by very far, in putting journalists in prison. They don't have a real democracy.

Because Erdagon will make Turkey Islamic Caliphate again so turks can happily mass migrate to secular West and continue voting for Erdagon and his successors

It's true and it's sad. Turkey needs to improve the quality of education especially in rural areas ASAP.

The problem is that inbreeding is allowed by the Quran. And in rural areas cousin marriages are into the double digits. How can you educate a population that actively handicaps itself socially, genetically and psychologically. ​@@berkoral801

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I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of RU-vid videos about it but I still find it hard to understand

Thanks so much!

Why did you go, if there isn't anything in the country.

What a pathetic commenting that there is nothing special in that country. I agree the taxi drivers are scammers and i have also been ripped off but get a grip, writing utter nonsense that Turkey isn’t great

@@tajamalrafiq3651because it’s social media. Turkey is overrated and people are knowing about it

@@tajamalrafiq3651 i got scammed again in their tourism advertisement.. it is every where..

Yes, I am a Turk and that is true and we complain about it.

Inshallah

Argentina is finally turning things around....till the next election.

Power of secularism🐷

Evet maalesef ülkede tarım bitti hersey 1 ayda zam geliyor enflasyon %90 seviyesinde

@@mrbeaverstate no it isnt

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Thanks!

Khalistan

Yes, Gandhi Turkey will be your father

@@ZZAlgo Lol learn how to speak English first

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😂😂😂😂😂

😂😂 other then cooking oil which item got 100% increase mr liberandu.... Even cooking oil is back to pre corona prices now

@@Nitish.Singhal are lodu hv you bought ever pulses or rice other items or only eat never cooked after 2014 or even 2020

You are a lefty troll. Fake news.

Yes

nah europe is cheaper 😂

@@aqwsderxz actually yes sometimes

European prices but 3rd world income!

still there are jobs for sane salaries & acceptable hours per day in Europe, you won't understand this until you try a job outside Europe, you will literally work for 12h a day or even more for 20-40$ a month.. so you will think again about those prices in Europe you don't like

you're so dumb

%48 not voted for Erdoğan

has nothing to do with Erdogan. The tourism in Turkey is ravaged since Corona-shutdown. European tourists and US-tourists don't have the money anymore to go to Turkey, cuz the Inflation also massively increased the prices in Europe/USA. Broke people can't fund tourism

So would you prefer to be ruled by America or an economic crisis? You have already chosen the first option.

Gona be like iran

The problem is not with the refugees, but with the local Turkish employers who employ refugees for cheap labour. They should be held accountable

InshaaAllah that thing goes better here soon. I come from Switzerland and live here 3 years, the prices are insane for food, appartement, health… compare to some years ago. But in Switzerland prices are higher then before and it’s also impossible to live with one normal salary.

Turkey is a very multicultural society. Only 20-30% are ethnically turkish, the rest are kurdish, albanian, zazza, arab etc.. love to Anatolia

Don't come to Germany

​@@NadidLinchestein we are already there honney

The cost will not go down because what was before is deflation meaning they were buying higher and selling cheap, sure people like it when it's deflation and hates inflation, that's normal but it's not good for the economy of the country as a whole, In Turkey, the prices rise not because the central bank printed so much money but because they buy commodities from other countries in dollars and it's the US that printed so much money and exported its inflation to the rest of the world,

It would be nice to go back when the prices are not that high, but all in all, Turkey is a wonderful country!

name a country with its own currency that ever went insolvent.

Cant believe that😅😅😅😅

exactly

👍

But what you want is not a vacation but cheap slaves, you want to work like a dog in the field and produce dragon fruit for 0.15 cents and give it to you for 1 dollar in the hotel, Turkey is not Bankok, it is not a slave, this is a European country, it will be the same as the price you pay in Paris

And who’s that person?

Where are you from?

or they have the best weed in the world and gets delivered home for free. 😂😂

Yes.. absolutely

Love erdogan ❤

USD trade currency

Yeah ... I should stay in U.S. and eat Mcdonalds!

​@@uptincan you make video on America? What the dollar performance now

No Turkey has not always been expensive I met my wife in Istanbul in 2004 and it was very cheap compared to NY or EU

Turkey will end up like Zimbabwe with a 10 Million Lira Bank Notes.

I understand your point but we are already slaves of everybody... We're not producing as a country, we're importing everything... Even the grain... This is ridiculous 😢

The USA invaded Greece without firing a single shot. They are doing everything to scare greek people with the Turkish invasion.

You don't want your drunken British tourists?

You are clueless and ignorant. It's the US trying to destabilize Türkiye.

I dream of Spain

Not a good comment...

Sweet dreams.

has nothing to do with Erdogan. The tourism in Turkey is ravaged since Corona-shutdown. European tourists and US-tourists don't have the money anymore to go to Turkey, cuz the Inflation also massively increased the prices in Europe/USA. Broke people can't fund tourism

Is it really the same price in Greece?

Good choice

@@Elias-yx9gx For us Greeks, Turkey is still considered cheap in comparison to our prices, cost of living is insane here aswell

they still come. In 2023, Istanbul was the #1 tourist destination in the world.

@BOZ_11 full of scammers too right

I don't think turkeys 🦃qualify as Poultry family 😉😁🤣🤣

Yeah turkey is self sufficient but people here are assholes they jack up prices just because they can I mean inflation is like 75 percent but prices go up 150 percent because farmers know if they all double the prices since there is no where else to buy food (because turkey doesn't import food we are self sufficient) so they make double the profits

Don't think so Turkey has 84 Million people with large dry areas

@@ambessaseway5594 nah turkey is one of the biggest exporter of agricultural goods actually

@@abcabcabc11 Turkey is amongst the top five largest wheat importers in the world, importing 10.0 Mt of wheat each year on average (2019/20 - 2023/24, USDA). Russia and Ukraine are usually the largest suppliers of wheat to Turkey.

these are all good points, especially coming from Turkish

Not really , Turkey has always had a problematic currency , the reason Turkey currency / economy is in a bad shape is because Turkey imports more then it exports ,,, furthermore the entire world is becoming more expensive because the US and Western economies flushed a lot of printed dollars and Euros in covid and after 2008 crises , this affected inflation and since Turkey is part of the global economy its affected and it pays the price for western caused inflation but unlike the west it’s in a weaker position .

I believe the main points are these: 1. Reduction of FDI and investor confidence due to the coup attempt and tragic geopolitical actions during the aftermath of the Arab spring especially in Libya, Syria, Iraq. Turkey over reached and tried dueling with the big boys. 2. Turkiye imports intermediate goods to process into finished goods hence its very import dependent 3. Massive real estate money laundering which drove up cost of housing relative to locals rent affordability. 4. Lots of spending in military projects probably with the aim of recreating part of the Ottoman empire😂😂😂 which is impossible but dont tell that to a dictator.

tell me you are protectionist and communist without telling me you are protectionist and communist. iran is the opposite of all you said, yet their economy is still rubbish!

Of course, Governments are famous for their efficiency.

U forgot Nigeria. It's terrible here esp this last 2yrs

And more and more countries are feeling it the inflation the most

Zimbabwe, Venezuela, Argentina, Lebanon or Turkey were/are not experiencing a typical inflation (from overheating demand or a supply shortage). Hyper-inflation is due to a collapsed currency based on mismanaged economy and lack of credibility. It's a bank-run on a nation-wide scale. If I'm not mistaken, Ecuador and El Salvador chose to Dollarize because they couldn't overcome the hyper-inflation.

Turkey is supposed to be a modern country though

@@yo2trader539spot on hyperinflation is always caused by political issues.

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏

She's a licensed broker here in the states🇺🇸 and finance advisor.

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

Can I also do it??? My life is facing lots of challenges lately

The Turkish Central Bank can print money and the government can raise wages, is this really inflation or used to be deflation and now it's normal, the prices of goods are the same as in any other Western country or a lot less, and there is an easy fix they should start trading with other countries using their own money and stay out of the dollar,

Same as Argentina?

Inflation is a monetary Phenomenon , Zimbabwe, Venezuela, Argentina have the same problem too.

It can be controlled, specially when you dont have sanctions on you and great tourism. Turkey has participated in 7 wars since 2000, a lot more after 1945. Most of these wars are not because of their location, old conflicts or alliances but religion

@@Muhammad_Creator_Of_Islam yup sure buddy, Turkey involved in Ukraine also for religion blah blah

@@Muhammad_Creator_Of_Islamyou are a tool of propaganda.

Actually turkey is number 2. Argentina is number one.😂

@@serraios1989 that's what you think until you realize that Egypt is on the top, above both of them together

What do you do for living ? :)

@@fenkafas8234 Healthcare

And how much we get

Not black market but independent surveys might work better. Economists like Atilla Yeşilada also gives an idea about that.

Black market is literally higher

@@abcabcabc11 how much we get officially 32 now per dollar

@@abcabcabc11 how much we get officially 32 now per dollar

thanks!

😮 I agree. Lot of scammers

exactly. That was the MAIN killer of the turkish economy. since Corona-shutdowns

majority of turks have family members in foreign countriesthat send them a little money each month. it's always been this way

Everyone is just trying to survive and work in other countries to send money to their homeland

we were near pendik and the prices are also high , outlet via port is not cheap also restaurants are expensive

Turkish is more of an identity as opposed to an ethnicity, like being Arab

@@inoovator3756 what does that even mean?

@@Techtalk2030 I’m really not sure what you don’t understand I was very clear

It's through civic nationality, for Türk identity actually means citizen of Turkey, and not ethnic Turkic as some racist right wing conservatives think so. We also have more Greek, Persian, Armenian, other Anatolian nations in us than Kurdish genetics. Turkic genetics are still in big play too, it's just that percentage changes nation to nation. Inner regions have more Turkic and Anatolian genetics compared to others, for instance. Türk is actually for Anatolian for Atatürk's idea of nationalism. When he said 'Ne mutlu Türk'üm diyene!' it wasn't to assimilate or degrade minorities into Turkic identity but to say we're of one nation of Turkey, which happens to be callled Türk, but it's not ethnic Turkic Türk. You can still be Kurd and Türkiye Türk'ü according to his view. It doesn't aim to assimilate or wipe entire race or ethnicity, it's just a way to remind us this whole country is founded by every member of Turkey, and it belongs to every single one of us. Like being Mexican-American, Turk-Deutsch etc. Political parties like MHP, İYİP, ZaferP don't want to understand it and they caused long term harm to this term and its meaning, leaving many traumas behind for all like Kurds, Alevis, Jewish etc. No wonder, Kurds don't want to be named Turk since it only mean Turkic Türk these days, they probably think it'd assimilate their Kurdish identity and they rightfully want to keep their identity unharmed, not letting it loose to silent racist operations. But they can still be Türk Vatandaşı and Kürt, like I can be Alevi descended (but apatheist) Türk. It's Turk of Türkiey not Türk of Turkic or any ethinic or racial identity. Türkiye Public can chose to identify as Türk Civilian or Anatolian, it's their choice.