Hmm..🤔Whose banks are going bust by the dozen? Whose citizens live in tents even though they haven't had a century quake? Turkiye does not live "massively" on credit, like EU countries and the USA. They only keep their currency upright with coercion. There's no harm in looking at the debt rankings, dude.
*It's not Erdogan who says inflation is linked to interest rates,it's statistics and numbers but some economists think that their theories are more important than reality.*
Hm, onthe one side you've Erdoğan, an utter buffoon only interested in his own prosperity and wealth, on the other side you have economists who understand what they are talking about. Hmmm.... yeah, that's really a hard pick on when to trust. 😂
Imo you are typically tunnel visioned. Just to mention one thing: increasing rates is mostly effective when inflation is a result of higher demand. The current global inflation is mostly a result of lack of supply. That is why the Turkish government doesn't increase the rates, making Turkish products cheaper in response to a global lack of supply. This resulted in record exports (yes, measured in USD). If I had to believe these videos, Turkiye was already bankrupt a couple of years ago
Let us hope that the election will bring a change. Türkiye's unemployment rate is 10% (OECD Country Snapshot Feb 23) There must be many households really struggling. Your vlog was lucid Thanks - 👍
Turkey is a very rich agricultural country. It feeds itself and its beighbours very well. Syria , Lebanon, Iraq, Israel, Georgia, Albania. ...all buy their agricultural produce from Turkey. Turkey is effectively feeding its beighbours. The Lira weakens the neighbours enjoy years of plentiful harvest. It has a growing a growing middle class who are working in Europe , America, Australia. Sending foreign currency home. The Turkish Lira declines and it is good.
This is insane. How is he still in power? It's amazing what 'the people' will tolerate (I'm not just referring to Turkey here, it's amazing how much incompetence the masses will tolerate of the very few individuals who make such terrible decisions).
Not every society is madly chasing greed of the gdp number like america and its vassal states in europe. It seems like a majority of turks value their religious freedoms way more than the phony gdp number that west is obsessed with. I think erdogan will win the election again because the anti-religious kemalists have opressed religious people long enough.
@@yellowgreen5229 Yep. It's no coincidence that the country is in the state it's in now (i.e. after over a decade of Tory rule and 5 dreadful Tory prime ministers, it shouldn't be a suprise that the standard of life in the UK is plummeting (somehow, though, certain people will still find a way to blame it on Tony Blair and Labour!)
Türkiye has progressed so much, the gdp only lowered in 2021, since then so many countries around the world have suffered heavily from rampant inflation.
have you ever heard global challenges? it's not just this country I've a lot friends from around world they also mentioned about it which is provided my opinion am i wrong? i live UK there's a lot also but every single country can affect each country differently depending on the size of the economy and situation in my opinion he is doing a great huge improvement for his people and country I've been in this country for some times in can remember for 30 years earlier and today their situation i felt myself like undeveloped country however today is super duper improvements in there btw it's the largest economy 19. in the world for 2023 which very bright I remember many years ago it's the last 19. in the list😊
Why don't you mention their 5th gen KAAN stealth fighter, from inception to completion in record time, the space programme, worlds top drone manufacturer, 80% plus in military self sufficiency, aircraft carrier, submarines, helicopters, Togg E car, 10,000 bed hospital, largest library in the world, one of the busiest international airports in the world, top in health tourism, unsurpassed art and architecture, friendliest people on earth, and the best call to prayer in the universe that brings tears to the die hard atheists!
@@boandonoff4026 A robust industrial base, strong manufacturing and building sector will overcome the short term inflation issue. There is only one way for Turkiye and it's up all the way.
@@MuhammadAli-hr1bj I hope you are right my friend, but it worked for the Chinese as there was a market to satisfy the demand for their goods produced when they were driving their growth policy. Turkiye is walking a very thin ice in it's relationships with Ruissia. You can have the biggest factory in the world, but if there is no one to buy the produce, it's as useful as an empty building.
“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” ― Winston S. Churchill
Please use the word "Turkiye" instead of turkey. Wages are higher in turkiye than in Bulgaria, Greece. A single person in Turkiye can live alone but not in Greece as wages are as much as their rents. Bulgarians can't even do shopping locally but have to travel miles to do cheap shopping in turkiye. I can't say turkiye is perfect but it's the only debt-free country, They've chosen to close IMF account. Built new Istanbul city Airport now it's Europeans busiest Airport. Attracts over 50M tourists and more jobs and factories are opening such as making cars drones aircrafts universities hospitals technology depts space programmes trains and more. They work hard to rebuild the country.
interest rate is basically the cost of the money when you borrow. More interest rate means, expensive money. When the cost is high, less people will be borrowing this money, so that you print out less money.
@@erdalmercan2918 When interest increases, people will increase their money in banks, so the value of the currency will increase in the short term, but in the long term, the value of bank interest must be paid, so more money must be printed... And most importantly, when the interest is 3%, it is completely different from the 18% interest... The latter will inevitably, in the long run, make it more difficult to repay, so you need more money printing.
@@زنكي That is not the main use of interest rates. What interest rate is for is to force people to stop buying, you are using rates to slow down the economy of Turkey, lower the GDP, lower how many people can take loans, lower and slow down everything in order to slow down inflation. That is it. Very simple. If you want to lower inflation you need to slow down the economy, stop people from buying goods, stop people getting loans, this will reduce the value of goods from houses to food, it is painful as people will lose work, companies will slow down and shrink in size, it makes for a bad economy but that is how you stop inflation. The USA had a bad round of inflation in 1970s and the central bank FED made the same mistake as Turkey and tried to void raising rate high so that lowered inflation a little bit but then it went up again, what solved the problem? The USA set interest rate to 20% and slowly bring it down and that solved the problem. It was painful for the USA b, economy was very bad but it recovered fully in a few years and has not had inflation since that time until now. So you fix it once and now you are free from inflation for 30-40 years? Sounds like a good deal to me.
Oh & the US sanctions on Turkey like everywhere else we wage economic wars (except Russia who is doing better than the UK Germany Sweden Estonia Finland - u will find economies suffering
You are wrong - inflation went down - and salary went up - salary went up 100% - salary in USD went up and people are happy - I am not sure you talk about what
@@Teambharat108 Hindus worship cows. Everyone else eats them. Let that sink in. Maybe hindus should worship the humans that eat their god. I eat a lot of beef burgers. maybe you should worship me.
In a talk about Turkey, it should not be too difficult its leader's name correctly. The accented 'soft G' is not pronounced, leading to the pronunciation sounding like a 'w'. Even the BBC manages to cope with it. However, it is sad to see Erdoğan re-elected.
Rent in ca for a 2 bed apartment is 1800$ to 2200$ a month. Electricity for a 4 bedroom is 600 to 800 a month. Gas for diesel gas is 5.59$ a gal in my area. 3200$ a month for a 4 bedroom house rent.
Those are certainly all numbers. Doesn't have anything at all to do with the subject, but I'm sure the algorithm appreciates the empty engagement here. In Turkey average monthly income is 400 dollars and the lowest monthly rent for a 4 bedroom is 835. Sit down.
The dude is a reporter, not a politician. What point did you think you were making here? That voters are easily misled to vote against their own interests everywhere?
