@@rojavabashur6455 I agree with management change but peace is a very assertive definition for the terrorism problem in Turkiye. A state should not negitiate with the terrorists. Most civil right & poverty problems to be solved when switched to parliamentary system change from presidential autocracy.
exactly, some days I feel insulted for even buying groceries for that amount. A country where all fruits(exception of tropical fruits) are grown are astronomical prices. Its getting harder and harder by the day to survive
@@miguelmorales9667 Then you must have gone through 179 collapses, 83 crashes and yet the world keeps on spinning as if nothing happened. Bottom line, don't fall for doomsday scenarios of this dude called "Joe Collapse" unless you want to waste time on NOTHING over dee internetz.
Over the last five years, more than a million Turks have left the country, and most of them are highly educated professionals, doctors, engineers, academics, and entrepreneurs. It’s not hard to see why. The economy has been in shambles with inflation skyrocketing, the lira losing value almost daily, and unemployment climbing. But it’s not just the financial struggles driving people away, it’s also the drastic cultural and political shift Turkey has undergone. Two decades ago, Turkey looked like it was moving toward a Euro-Asian cultural identity, leaning into its secular and modern aspirations, even talking about joining the EU. Now? That vision has been abandoned in favor of a more Islamic-oriented and authoritarian approach. Religious conservatism is creeping into everything, education, the judiciary, media, you name it. Meritocracy feels like a thing of the past, replaced by cronyism and ideological loyalty. And yet, despite all of this, nearly half the population continues to support the government. It’s mind-blowing. People are struggling to make ends meet, but they’ll still vote for the same leadership again and again. You can even see it in the comments under this video these diehard supporters have started popping up more and more, even in spaces that cater to English-speaking audiences. The thing is, this isn’t just about the present. What does this mean for Turkey’s future? With so many skilled and educated people leaving, the brain drain alone is a massive problem. Pair that with an ideological shift that moves further away from secularism and cosmopolitanism, and you have a country that’s losing touch with the vision it once had for itself.
In Turkey, a few well connected wealthy persons are getting wealthier, but the majority of the ordinary people are getting poorer quickly. I think, the ongoing military insurgency or war with the Kurds and the Syrians will exacerbate these trends.
I like the Turkish people, I’ve gotten to know them and they are a very warm hospitable and friendly heart-on-sleeve people. They deserve a better economist than the Islamist dare I say, opposite of Ataturk who was a truly great man!
If you know or read any history then you would know that Turkey is responsible for unspeakable crimes against humanity like the gene o cide committed by the Turkish people against the Greeks of Asia Minor, the Armenians which they are still doing to this day by helping Azerbaijan attack the Armenian region of Nagorno-Karabakh and then finally the Assyrians in Syria and the Kurdish people of Syria and Iraq. Turkey is a terrorist organization it is not a country
True words. It is shocking how elected politicians can function in an economically driven world with more political knowledge and simultaneous economic illiteracy. At this point in time that is oddly not uncommon though.
@@pcopeland15 people are voting for these politicians. Sadly an average person has no idea about anything and instead of educating themselves how the state and economy works, they are listening to populists, because its easier.
Turkey has been suffering for years and will always suffer. Import oriented economy, favoritism, corruption. There are thousands of rules and regulations but no-one follows or apply them. If you do it something properly people think you are stupid bcoz There is always short way to get around from everything. There is no doubt why are they suffering. Sad to say as I am Turkish as well. They are not bad people just they don’t have right mindset to success.Thats the issue.
This idea of you very turkish. Every turk thinks like you but no one has solutions. You are avarage turk. Macro econ globalism wants turkey this way. World need developing problemetic countries.
Concept of "Fighting the Inflation" means, make people could not spent a dime with heavy taxes and minimal rises. That's the improvement you are seeing there.
As a Turk, I have to say that was pretty accurate diagnosis. This guy doesn’t only speak numbers but he understands and conveys zeitgeist. Indeed, we never stay in Turkish lira because we do not have trust over economy administration. Because we always buy currencies, their price always increase. Turkish lira loses. Turks lose. Economy is trust. Watch this guy folks
Inflation it’s caused by government spending more than it gets in revenue from taxes. Why Turkish government spending more money? Mo dy that doesn’t have so it must print money? May be because Erdogan had megalomaniac dreams? Like being protector of all Muslim world and being Khalid? Interfering in foreign countries? Like financing terrorists coming in power in Syria? Few months ago he came in Tirana to open the grand mosque of Tirana financed with Turkey money. It costed 60 million $. If you’re so deep in shit how he doesn’t have money for his citizens but find money to finance terrorist for coup de eta and ten of millions in mosques? He came in Tirana throwing out of window every state protocol and hospitality telling with arrogance which one we should arrest and handle to him. He brought even an imam from Turkey. Albanian Islamic community takes care of his own affairs and no outside entity has the right to impose on the community and bringing own people from outside. We respect Turkish people and you as country. But this is disrespecting our sovereignty and taking advantage of friendliness. If you keep voting such morons in power don’t be surprised when the moron will drag the whole country in his own lunacy.
Biggest issue is TUIK (Turkisg Statistical Institude) credibility. Those statistics does not represent reality. Independent institutes like ENAG reports around %90 of inflation. Miserable situation..
Brother i have been at united states new york pack of smokes at usa from 10$ to 20$. I live at toronto canada room prices from 500$ to 1800 same area same location. I work 7/24 still cannot get by. The world is messed up.
@ Because President Erdogan is doing great work! Turkiye has never been so rich since the Republic has been formed! Anyone who says anything else is on propaganda tour!
I had planned, “pre-Erdogan” to retire to live in Turkey. On Erdogan being elected, I put my plans on “hold”. However the antics of Erdogan have only become more manic. Erdogan has wiped out the middle-class of Turkey with inflation. The educated and skilled are fleeing Turkey, they won’t go back except for holidays and perhaps when they retire. The embedded fundamentalists in Turkey will drag it into the gutter to rank with other Muslim, non-oil country’s.
You wouldn't have wanted to live in the old pre erdogan türkiye, trust me. Even if it’s not going good nowadays, it was horrible back then. No Stability at all, No Infrastructure, No Medical Care, Violence, Terror, Hyperinflation and regular coup‘s which result in military dictatorship. It was incredibly bad. That’s why a lot of people still hold onto Erdogan and because there isn’t a good alternative.
@ Hello emrefifty, that’s puzzled me, the history of military coups in Turkey. What do they teach the Officer Corps? I know Mustapha Kemal Pre-war was a “young Turk” and post war a National hero. But his tradition was a secular state! Ever wonder, what if Mustapha Kemal hadn’t died so young (apparently he drank like a fish, a lot of ex soldiers from WW1 did). I did talk to young people, the ability to hold mutually contradictory ideas was amazing! I’ve never figured out how they think they can grind down the Kurds and build a society? They must know, the Arminians are just waiting for pay back and the Kurds will be their sword if Turkey alienates them enough.
@@anthonyburke5656 Emre is totally right. Turkiye was an army run fake parliamenter democracy. This does not mean though it has true democracy now. Erdogan with Gulen got rid of the army for his namesake. And he got rid of Gulen. Then he became the sole power yet since his regime is built on money yet Turkiye doesn't have natural resources (thanks god), he can't bring a Islamofascistic dynasty rule. So he has to count on the vital and fragile alliances. Like a Medieval king from Europe having strange realtionships with his lords. Some lords can be attacked by others and the king but all times they must be balanced to not unite against the king. Turkiye wasn't secure and great, it still isn't. The difference is though, Turkiye lacked strong governance yet had an army that no interior power could touch. This is replaced by Erdogan's close quarters and the mafia and tarikats (Sunni cults, sects). So the bosses changed, game is the same. Meanwhile any British and German from Antalya still enjoys the country. Which makes you altering your plans was pointless. :) Meanwhile your assesments about the Armenians and Kurds is misguided and ilinformed. The genocide done by actual Kurdish tribesmen although it was officialy forced by the Ittihat ve Terakki military Turkish party that couped and ruled Ottoman Empire throughout WW1. Thus Armenians are aware that their people were force marched to Syria by the Ottoman empire and its Turkish majority regime yet the rapes, killings and robbings done by actual Kurds. Thus no, Armenians and Kurds will be fighting each other for the same land if tomorrow Turkish state and army dissappears miraculously. Greeks want the Aegean coasts as usual. East Anatolia will be fought to be shared by Armenians and Kurds, middle Anatolia would be left to ethnic Turks like Gazans in Palestine.
Fleeing Türkiye has ended. Aselsan’s head manager said a week ago that number of migrating brains has reversed. Now there are more engineers returning from abroad than the ones leaving country. Downfall of türkiye has ended. We survived the dip. Now it is rising time
Hi Joe, I've appreciated your blogs, but inflation in Turkey is nothing new, when I visited the country in 2000 their inflation was staggering then....how can a country keep inflating its currency yet remain viable as a country? How can you be collapsing for 24 years?
turkey managed to get their economy on track in 2003. inflation stayed under 10% and economy was growing for nearly 2 decades. they were doing well until the pandemic.
Joe talks nonsense, you know this and so do I. People do not pay attention to the obvious and we lie about inflation and pretty much everything in Britain. Our economy is in big trouble, the pound will succumb to massive external pressure, bond yields are flashing red and people like Joe have zero self awareness. Turkey is involved in a massive land grab (called Syria), it is the only Muslim member of NATO and with the biggest army at over 1 million men. Go figure. Turkey has been embroiled in inflation for decades (nothing new). At least Turkey does not dude itself. Well said on your response.
Taxes and more taxes, citizens are getting poorer but now it really is straining people. Politicians and beurocrats are not stopping from wasting money.
Turkey is doing the transactions but I truly think that the profit is not going to the Government of Turkey but to the personal bank account of Tayyif Erdogan.
I love the grounded reality of this channel!!! *If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation..*
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $10,000 and receiving $35,460 after 28 days of trading.
Dear David, Thank you for your response, but as to getting rid of inflation is a simplistic idea. Ideally, a perfect balance with 0 inflation is good but not realistic. Better to keep inflation as low as possible while keeping deflation at bay. New products and better products produce some inflation because people want them and the costs rise. Increased productivity reduces inflation, but there is a limit that can be achieved. Getting rid of inflation causes deflation and probable stagflation. Balance in all things is the best choice most of the time ( rare exceptions, like health care). Shalom.
Dear Joe, Thank you for your reporting and analysis. You are providing a wonderful service to your listeners. I pray for you and your family and crew to keep going and serving as an excellent teaching service. Shalom.
learn a lot from Joe. the presentation style is classic. "say what u r going to say, say it and then say what u just said"...skip between screen reading and commentary. And be FRIENDLY & SMILE. Shalom and God Save the King and Slava Ukraini and Happy New Year ....and be inclusive... its party time.
excacly 23 interest rates is not normal if inflation is 9%. Also they want to rise to even 25% but Putin didnt allow, so we can assume that real inflation is at least 30%
Is the new name said as Turk-e-yea? Where is the umlaut over the u? The Germans used to call it Die Turkai. Did the Germans change their spelling too? Or is this BS just foisted on English speaking people?
@@lrayvick It's pronounced about the same as the German name. Which is Türkei, not Turkai. So of course it's just foisted on English speakers, German speakers already use a word that works just fine.
@@flaviopitanga65 ITS GOT far more expensive ,because the minimum wage has gone up massively in the past two years 5X more increase ,with very low cost of living .
West aiming Türkiye all the time. They don't talk about their own coast of leaving and inflatio. Every week I visit Tesco supermarket price rises plus package get smaller each time. Why don't this western reporters analyse there economy and coast of leaving?
Most countries are inflation freaks that have no idea how to manage their economies. Does this include Europe and America? Yes, most of the time. This is why in most regions of the world the inflation rate is over 10% annually based on the local currency.
Any country with a sustainable demographic and at least some access (be it by force or diplomacy) to food, water and energy is going to eventually be ok. That could imply a fundamental change to the most elementary structures of those societies (e.g., adopting a conservative or religious rule which tends to result in a very stable demographic such as in Muslim countries), but the show will go on. Can't be said about countries like China, Russia, Germany and some other European countries which will most definitely vanish.
no reason to spell it like that, chickens are turkeys and they killed millions of innocent people in their native lands. You know nothing about history or you would not even go to turkey report them spend money there and support evil people who were kicked out of their homeland, adopted islam as the first religion they came across since they were shamans, and went on a massacre spree for hundreds of years
Turkey economy has collapsed long time ago. It will get worse day by day. It’s a good example for other countries what is gonna happen when you ignore democracy, human rights, minorities rights. This is what Turkish people deserve. Because the same power is running government more than 2 decades. Good luck to Turkish people 🙏🏻
Maybe he would ignore democracy if he could but there is no case of it right now other then influences outside of election. Human rights are very perserved too and I don't know what you're even talking about. Minority rights are restored too. Said minorities are Kurds which dominates the Eastern region in population and has the samw rights as Turkish people, gets on the same jobs, live with us and even has a party that gets %15 percent of the votes. Don't come here and yap about things with your knowledge of one TH-cam document. Another thing you guys don't understand is so many people don't care about politics. They just look at what he had done in the past and how the economy is right now. Erdoğan in fact never been good but seem like he was good in the past so this is checked. Also, economy is bad but not as much as it should be because Erdoğan is neglecting the economy especially during election times to manipulate some people.
Yeah, that is rich coming from a Turkey-hating Kurd or whatever you are. There are many positive economic indicators: a decent rise in credit ratings, an increase in gross and net Central Bank reserves, lower government debt to GDP, and a significant decrease in the 5-year CDS rate. It is a 1.34 trillion dollar economy from 720 billion just 2-3 years ago-not some banana republic, you know.
@@Emrextraa Your points seem to miss several crucial aspects of the situation. Let me address them one by one: 1. Democracy and Elections: You claim democracy is preserved simply because elections occur. However, democracy is more than voting-it’s about transparency, fairness, and accountability. Numerous international observers and independent reports have raised serious concerns about the fairness of elections in Turkey, from media suppression to the misuse of state resources for campaigning. 2. Human and Minority Rights: While you state that minority rights are ‘very preserved,’ the reality is starkly different. Reports from credible organizations like Amnesty International and Human Rights Watch consistently highlight violations, especially against Kurds, journalists, and activists. The fact that some Kurdish parties exist doesn’t erase systemic issues, such as restrictions on Kurdish language education, unfair detentions, and crackdowns on Kurdish politicians. 3. The Economy: Your argument implies that Erdoğan’s past economic policies justify his current failures. However, sustainable economic growth isn’t about short-term gains but long-term stability. Erdoğan’s government heavily relied on construction and debt-driven growth, neglecting structural reforms. The result? A collapsed lira, skyrocketing inflation, and millions struggling to make ends meet. 4. Voter Apathy: You mention that many people ‘don’t care about politics.’ If anything, this highlights the failure of the current system to engage and empower citizens. A healthy democracy inspires active participation, not apathy fueled by disillusionment. 5. Election Manipulation: Even you admit that Erdoğan manipulates the economy around election times, which undermines the integrity of democratic processes. This isn’t a defense of his leadership but an indictment of it. Your points don’t hold up against the broader reality of Turkey’s struggles. Ignoring systemic issues and blaming critics for ‘not understanding’ only perpetuates the problems you’re trying to defend.
@@Emrextraa Your points seem to miss several crucial aspects of the situation. Let me address them one by one: 1. Democracy and Elections: You claim democracy is preserved simply because elections occur. However, democracy is more than voting-it’s about transparency, fairness, and accountability. Numerous international observers and independent reports have raised serious concerns about the fairness of elections in Turkey, from media suppression to the misuse of state resources for campaigning. 2. Human and Minority Rights: While you state that minority rights are ‘very preserved,’ the reality is starkly different. Reports from credible organizations like Amnesty International and Human Rights Watch consistently highlight violations, especially against Kurds, journalists, and activists. The fact that some Kurdish parties exist doesn’t erase systemic issues, such as restrictions on Kurdish language education, unfair detentions, and crackdowns on Kurdish politicians. 3. The Economy: Your argument implies that Erdoğan’s past economic policies justify his current failures. However, sustainable economic growth isn’t about short-term gains but long-term stability. Erdoğan’s government heavily relied on construction and debt-driven growth, neglecting structural reforms. The result? A collapsed lira, skyrocketing inflation, and millions struggling to make ends meet. 4. Voter Apathy: You mention that many people ‘don’t care about politics.’ If anything, this highlights the failure of the current system to engage and empower citizens. A healthy democracy inspires active participation, not apathy fueled by disillusionment. 5. Election Manipulation: Even you admit that Erdoğan manipulates the economy around election times, which undermines the integrity of democratic processes. This isn’t a defense of his leadership but an indictment of it. Your points don’t hold up against the broader reality of Turkey’s struggles. Ignoring systemic issues and blaming critics for ‘not understanding’ only perpetuates the problems you’re trying to defend.
Manufacturing, especially textile is gone off to Egypt due to labor costs. Turks either realize the only way to move forward is through innovation and tech, or they move to a cheap labor country..
I can do an analysis on Denmark for you and lived there for one year . The Danish people are absolutely fantastic but very naive (though not nearly naive enough to do what their Swedish cousins did). Economy is very resilient and has two of Europe’s biggest companies (Novo Nordisk being Europes biggest company). Maersk being another giant. The Danes also have their warmongering global elites like Jens Stoltenberg, a mirin of the highest order. Denmark has become ultra rich but I can guarantee you it will end up like Sweden. Why? It is following the most absurd agricultural policy of wiping out its dairy farmers. Its biggest company will not remain as Europes number one, why? I am pretty sure its blockbuster drug will lead to future lawsuits. Denmark suffered a fire to a very old building on Copenhagen, not the first, however if I a correct it portends bad omens. People in Denmark are absolutely great humans so will prevail, they just need to get rid of the idiots. My opinion.
I'm no economist, but my guess is it's got more to do with how well administered the local economy is than with international factors. It's one thing to have a recession like that in Germany, where inflation is stable and under 3%, and a whole different one to have a recession like that of Turkey, with a 47% inflation rate. Things get slightly worse in Germany, that's true, but they're getting massively worse in Turkey. Germany had to tackle some problems that would most likely have bankrupted most other countries - replacing its energy suppliers in a very short time being the most important one - and it did. Predictions were it would take years, but Germany had its first liquefied gas terminal ready in nine months since the war started. In contrast, smaller economies, like Slovakia and Hungary, still haven't done much to break away from Russian oil and gas. They'll be hit much worse when Russian deliveries stop, due to Ukraine not renewing its contracts with Gazprom and Russia's infrastructure falling into disrepair and no longer working due to sanctions. Another example is Switzerland. Switzerland hasn't seen economic YoY GDP growth above 5% since the seventies last century. It has had some years where GDP was shrinking. Nevertheless, there was never any major, visible political or social crisis in Switzerland. Despite occasional economic hardship, Switzerland is typically well administered, and any potential source of problems is dealt with proactively and swiftly, rather than letting small problems unsolved until they become humongous. Countries smart enough to put politicians in place that aren't afraid to make difficult, painful decisions and then supporting those politicians and shouldering the hardship will make it through with relatively little harm. Countries stupid enough to believe promises of phony politicians that hardship can be avoided will get it really bad. But that's just my opinion.
Good evening Joe, Have you considered making a video on Russian crypto activity. I read that they are bypassing the currency sanctions via crypto transactions. Thanks
Average Russian isn't using crypto in fact it was illegal at one point, Russian government doesn't like ordinary Russians spending money on such things and let's face who is going to exchange it for rubles
People always talked how bad is economy in Türkiye but we always made the unexpected. I don't even feel like explaining the reasons, we keep having crisis and getting stronger every time no doubt it will be same.
I MOVED WITH MY FAMILY TO TURKEY ,AND OUR FOOD BILL IS 30 PERCENT LESS THAN THE UK ,AND ALL OUR ENERGY BILLS ARE BETWEEN 3/4 TIMES LOWER THAN WE PAID IN THE UK ,AND WE GET 40 PERCENT INTEREST ON OUR SAVINGS ,CRIME RATE IN TURKEY IS FAR LOWER ,NO SKIN COULOR ,OR TRANS PROBLEMS ,SAME DAY DOCTORS APPOINTMENTS WITH MUCH BETTER HOSPITAL TREATMENT ,NO PRIDE CLUBS IN THE SCHOOLS ,VERY FARE POLICE ,GREAT WEATHER ,AND THE LIST GOES ON .
I think you r very rich. well done for you. you must be earning higher than the general turkish people. you must have an expensive house in a good area, expensive cars etc... you r in the %10 of the population.
Hej Joe, your analysies is always very interesting, especially for me as I’m not an economist. One thing I don’t undersand is that many economies are i crisis but the stock market isn’t. Which economies/ countries are doing quite well? The only one I can think of is countries that helps rich people to hide their Money from tax.
"TURKEY in Deep Trouble" "Turkeys gonna be bankrupt" thats the headline for last 50 years but it never happens 😂😂😂😂 I think Turkeys gonna do one of the greatest come backs of recent history
Comparing charts makes US look very reasonable. Funny: after countries edge to dollarization the dictators will claim those dollars are held by traitors who back the US, and they'll try to confiscate them.
There has never been a time when most nations never had problems, that's life. But presently, since COVID, we have been going through crisis after crisis. Currently we are going through a war period.
Just which of the BRICS countries is doing well economically? Even the mighty China and India are both in deep shyte!😮 Talk of this group replacing or a challenge to the G7 nations now appears some way off.
Yup they want cheap russian oil and claim to be friends with ukraine. they profit from EU sanctions on russia (they export EU goods to russia and make a profit) They blackmail the EU with migrants like Russia does
Joe, GDP is not a serious measure but if we use it, we shall keep in mind that it is a sum of 3 factors: a) growth b) national debt and c) inflation. Turkey has no chance for increase debt due to extreme inflation (worst rating). It is very easy to show that the US economy is in recession since Corona and even some time before - just ad/substract the spiraling national debt from official GDP data...
Good thing someone talked about this, i stayed here for 3~4 years, things changed to the worse... leaving in a couple of days... sadly, bad times ahead for this country
@@thestreets5206 Singapore is a finance focused economy, and they know that China's economy is in freefall. They're trying to score big on affluent Chinese and Chinese-owned companies moving their cash and headquarters out of the mainland. For example, Singapore recently agreed to visa-free travel between the two countries and the only reason they would do that is to make it easy for affluent Chinese to come into Singapore and open bank accounts. They're taking advantage of the capital exodus happening in China as the Chinese economy declines. There is a saying: "When the whale falls, all things come to life." China is like a dead whale and Singapore is like a shark moving in to feast.
Inflation is 50 percent, but lira lost 20 percent of its value that means lira gained value because everyone gets higher wages roughly based on inflation. As a result, gdp per capita went from 8 thousand to 15 thousand. Why is no one talking about this? I am curious about this
@GeneRauXxX It happened because inflation is higher than the value loss of TL, which is why going abroad for holiday became cheaper, for example. This is the opposite of what happened between 2018-2022. This is what I see, but I saw no one else talk about this effect
@@U87-z2w they play with those numbers. Countries can keep their money s value cheaper or higher it doesnt mean higher is always better( economi 101). The referance point is peoples buying power and last time I checked the majority of turkish peoples buying power is miserable. Because so much corruption no democracy turkey has turned tp a shitty middle east country because of it s dictator and his followers.
Predicting future economy of Trukey is not that easy, especially with Syria developments. Infrastructure development of Syria in next few years can give huge boost to Turkish economy similar to Iraq re-development after US occupation, problem is simple: Will Turkey finance these projects from their own budget/via taxes of citizens, which might worsen situation in Turkey while construction companies facing a boom, or alternatively will Syria get funding from EU and US which will be indirectly pumped to Turkish economy through construction sector. Let's not forget Ukraine too, if (a big one, very uncertain if) peace happens there, Turkey will also get most of the infrastructure projects, and Ukraine will definitely get EU and US funding for re-development.
High interest rates and earthquakes also affect this recession. however, it will turn to a better, disinflation stage with lower interest rates, which would turn recession to growth. the main problem in Turkey is the distribution of income
Not going to happen, too many uneducated islamists in turkey. They think erdogan is a prophet or something like that. And secularists are too scared to fight for their freedom. Erdogan is actively shitting on the constitution of turkey and there is no one stopping him. Now he wants to change it again. Turkey is doomed.
A friendly viewer suggestion : Record another video solely comparing the statistics provided by the national agency and independent agencies/analyzers (for the same country, not the other countries) . I have seen other people mention it too. Transparency and unreliable data are major concerns for the citizens and it is regularly criticized. I'm sure the result of such a video will be a lot different.
Thats what he does here. He is comparing stats against other countries taken from internarional agencies. He is not sitting in basement and making up numbers. Whats your point?
Recession is two quarters of negative growth. That does not mean falling growth, which is still growth. It means below zero, which is less production. Not lower growth, but lower production.
I live in Uk and Turkey Quality of life is 100% better in Turkey. How Cheaper bills, councilbtax £100 a year, abundance of local grown fresh food. No crime, no beggars, yes property and rentals expensive, unlike Uk families share and help each other. Weather !! No cameras, police treat you with love. Your inflation figures are fake in Uk. I didn’t mention cigs, every one smokes yet look like picture of health. No drunks. Against the £ it’s been stable for last 10 months. What does Uk produce, people are loosing there farms, huge tax burden and starker taking gifts whilst pensioners freeze.
Government overspending and debt are the root cause of many of our ills from the the incessant 'need' to grow (and bearing in mind there is good growth and bad growth - good growth is where everyone get richer because it is driven by productivity gains and value and bad growth is what we are engaged in and that is merely importing people with no consideration of the cost just focusing on GDP growth to hide the over spending and the debt/GDP ratio. They have set up a gigantic ponzi scheme with mass immigration in our case Turkey's debt and overspending they are trying to quell by simply expanding (a bit like the EU tries to do with their crumbling empire). Anyway debt and overspending are the enemy of all that is decent because they drive very stupid thinking and agendas ... which is evident where every you find big government and mass immigration .....
How does the world still function...? If i can believe youtubers. USA, China, Russia, Argentina, Venezuela, Turkey, Canada, Australia, South-Africa, Belgium, France, Germany, UK, South Korea, Cuba, India and many more are all in deep trouble....
83% of the country earns $315 - $900. The average house rent is $560. Do whatever you want to do with this information. More then %50 of the country is literally not living but tryint to survive
50+ % Interest rates a tough for people and businesses when inflation. But when you also have crazy inflation numbers they're actually not as crazy as they sound. They're part of the adjustment for the fact that the real value of the loan you took out in the first place is shifting dramatically from what that number in the books represents today. If Interest rates are 50% and inflation 75% then they may seem high, but they're actually negative and you're giving money away. With Turkey there's also of high domestic debt, and the government's willingness to suffer high inflation in order to have high debt lead economic expansion through low interest rates. The question becomes then, to what extent a lot of this growth has been unsustainable and to what extent raising (real) interest rates has ended that mirage of growth and is bring down highly indebted companies.
What you said about Türkiye's economic situation is true, the 2.7% inflation rate announced by the United States is definitely not true. When I check the price of the products I buy in the US, there is a price increase of at least 25% every year. For example, the Leatherman Surge multitool that I recently bought for $150 was $100 2 years ago. 3 years ago we could rent a studio apartment for $1000, today it is very difficult to find a studio apartment for less than $2000 in New York or California. How is inflation estimated to be 2.7% when there is such a high increase in prices? In countries that cannot control inflation, the state administrator tends to show inflation low by making changes in the inflation calculation. Since the Covid period, we learn that inflation is shown low by the state in the USA by seeing the rising prices in the market. I think you should also make a video about the inflation announced and the inflation felt in the USA.
no reason to spell it like that, chickens are turkeys and they killed millions of innocent people in their native lands. You know nothing about history or you would not even go to turkey report them spend money there and support evil people who were kicked out of their homeland, adopted islam as the first religion they came across since they were shamans, and went on a massacre spree for hundreds of years
Untuk menghitung berbagai nilai pertumbuhan ataupun perlemahan memang yang paling akurat dengan teori interest compound . Termasuk juga dalam sistem kredit pinjaman dan semacamnya
Looks like they default on an IRGC model to combat this crisis and focus on "rebuilding the Ottoman empire" vs. set up a sustainable system. I sure hope our dear Turks will be able to take their country back
I would expect that the Turkish people might just seek to immigrate to the EU as they are doing. Turkey and Germany have been close for years since WW1, but that relationship has sailed. So where to go? Maybe just across the border to Bulgaria? During the 2010 and after period, the Greeks took what they could and sold what they could and drove across the border into Bulgaria and bought apartments and started little shops. Anything to begin to bring in cash in a stable currency. The Lev is an unknown currency globally, but it's at least Pegged to the Euro. So I would expect Turks to just try and set up small businesses in Plovdiv and Burgas, little shops selling stuff and just working seven days a week to pay the rents and get some kind of hard dependable cash in their hands.
@@Chisel_Chest an extreme idiotic comment. Erdogan is not the problem, but Turkish mojority who elected him is the problem.bit of wisdom dear indian arian friend
I am a Turkish, born in Turkey now livign in London Uk for the last 16 years, all i can say is i think Erdogan Regime is about to bust. Even his supporters become weaker by the ecomony. They are holding Exchnage rates of Us dolar, euro and british pounds for the last 4 months and this will have very bad consequences. Turkey become so expensive that even for me ( earning £85.000 a year) its a expensive location for the holiday. If Turkey lose the tourist they will kick Erdogan out by end of the 2025.
Hayallerini kendine anlat mutlu ol gerçekler çok farkli erdogan yaşlandı belki 1 seçim daha devam der demezsse hakan fidan veya kalın sistemin devami biliyorsun türkiyede atatürkçü ulusalci solcu seçim kazanamaz darbe devride bitti sen en iyisi londrada yaşamaya devam et gelme
And we really need to know your annual salary. Thanks for the info. The minimum and average wages have doubled and tripled in USD, and EUR during the last two years. Yes, life is very expensive, but don't tell us it is all roses in the UK because it isn't. I know the UK very well, traveling back and forth.
Ben 36 yaşımdayım 4 tane evim var Türkiye de ve senin gidip tatil yapamadığın yerde yazlığım var. Sadece dogru birikim yaparak ve zamanında yaparak..(Az kazanmama rağmen eşim ve ben ortalama maaşla çalışıyoruz) . Senin ingilterede kaç evin var? Türkiye fırsatlar ülkesi para kazanmak çok kolay.. Tabi Senin gibi kaçanlar bunu anlayamaz.. 30 yıllık kölelik senedi sonucunda sana 1 ev verirler sonra sen karnını doyurduğun için sevinirsin :) .... (Türkiye de Halkın %20 si için koşullar kötü bunu kabul ediyorum bunun sebebi de kapitalist sistemde rekabet gücünün kaybedilmemesi ki bu dünyanın her yerinde üç aşağı beş yukarı aynıdır) ...Bizim ülkemizde aklı olan azıcık iş becerisi olan adam yolunu bulur.(Tabi bu son 20 sene için böyle, öncesi kötü idi.)....Kabul ediyorum son 3-5 sene ekonomi pek iyi değil bende memnun değilim ama ne yazık ki Bütün dünyada bir daralma var.. Bütün dünyada sıkıntı var. Belki ingilterede olmayabilir yada amerikada bunun sebebide 100 yıldır oluşturdukları sömürü düzeni... Neden çinin önüne geçmeye çalışıyorlar ? neden hep tehdit. Çünkü sömürü düzeninin yıkılmasını istemiyorlar ama yıkılacak... Sen bu Sömürü düzeni ile gurur duyabilirsin o senin sorunun... Türkiyeyi ingiltere ile almanya ile kıyaslayanlara gülüyorum ve anlıyorum ki evet biz büyüyoruz... 100-150 senelik sanayi devlerinin son 20 yılda sanayi devrimi yapmış bir ülke ile karşılaştırılması çok manidar. Vatanından Selamlar...
Everyone should know that Türkiye always overcomes difficulties like this. Whether it is an economic crisis or inflation, it will be resolved after 1 or 2 years at most. Our Leader R.Tayyip Erdoğan is a good Leader. Let's not forget that there was a huge earthquake in this country and 11 cities were destroyed and there are a total of 5 or 6 million immigrants in Turkey. This has been a huge burden for us. Now I ask you, which country in the world could bear such a heavy burden? Germany? France? By the way, we help many other countries. For example, Africa, Syria And these countries will definitely come back to us, this is a very natural thing. At least we don't pay too much for weapons anymore, this is very important for us. Because we make all kinds of weapons ourselves. Some of our own citizens may be very critical of Turkey. This is very natural. Whether they believe it or not is their own problem. Greetings from Turkiye to everyone. I hope 2025 will be the year of Peace for the World. 👍 🇹🇷
Real interest rates are positive for the Turkey so that slows down borrowing and maybe rewarding saving. The lower borrowing is slowing down velocity of money a bit, and that slow down is what is driving inflation down. Still holding onto TRY in cash form or having deposit rates below the inflation rate is silly so I still think much of that economy is dollarized.
Yes, everyone is milking from the bank!! No investment/ job creating/productivity /growth!! The high interest rate alone is not enough tool to deal with inflation!!
Complete rubbish. 2024 gdp is 3%. Which country in the EU has 3% growth. Turkey has had high inflation for 30 years. Economy keeps growing faster than other countries.
Turkey is doomed, I don't see how we are getting out of this. Too many people overall in the country, way too many migrants, everything is super expensive. Everything has gone up 4x in price, from milk to cheese to bread to everything. And let's not even get started on buying a car in Turkey. I believe we have the highest tax rates in the world when it comes to that.
Yes it depends on your cars engine but even the cheapest car in turkey is starting from 40k or 30k usd, u guys are buying porche or bmw with that money i believe...
great video, but official inflation rates are not true. unofficial sources predict that its around %75 or something like that and the reason is they dont write the actual prices, for example in official side they saying that rent for a month is 6500, but right now all around the turkey rent's are starting from at least 10000 or 12000.
That's seriously deep trouble... for the upholstery. Turkey has a few problems, too, but I'm sure their kind and caring wannabe dictator will ease the general public through it. No cutbacks at Harrod's in sight - and the private jets are kept on 24/7 standby. Just keep south of the Russian Liberation Zone.
75% for inflation seems optimistic. It feels more like 200% as a person living here.
Turkey economy highly depends on tourism
Things will get better again after current wars in world finishes
You need to kick Erdogan out now and make peace with kurds to bring confidence into the market.
Yes, indeed. we directly feel so in the market & bazaars.
@@rojavabashur6455 I agree with management change but peace is a very assertive definition for the terrorism problem in Turkiye. A state should not negitiate with the terrorists. Most civil right & poverty problems to be solved when switched to parliamentary system change from presidential autocracy.
exactly, some days I feel insulted for even buying groceries for that amount. A country where all fruits(exception of tropical fruits) are grown are astronomical prices. Its getting harder and harder by the day to survive
Joe always greets us with a big smile and then explain us how everything goes from bad to worse.
But I still watch his videos everyday. 👍
@@miguelmorales9667 Then you must have gone through 179 collapses, 83 crashes and yet the world keeps on spinning as if nothing happened.
Bottom line, don't fall for doomsday scenarios of this dude called "Joe Collapse" unless you want to waste time on NOTHING over dee internetz.
Not sure what you mean by “everything goes from bad to worse” 99.9% of Joes videos are just great things for NATO hahaha
"I love those who can smile in trouble." - Leonardo da Vinci
...and instead of things getting worse.... everything stays the same.😂
Over the last five years, more than a million Turks have left the country, and most of them are highly educated professionals, doctors, engineers, academics, and entrepreneurs. It’s not hard to see why. The economy has been in shambles with inflation skyrocketing, the lira losing value almost daily, and unemployment climbing. But it’s not just the financial struggles driving people away, it’s also the drastic cultural and political shift Turkey has undergone.
Two decades ago, Turkey looked like it was moving toward a Euro-Asian cultural identity, leaning into its secular and modern aspirations, even talking about joining the EU. Now? That vision has been abandoned in favor of a more Islamic-oriented and authoritarian approach. Religious conservatism is creeping into everything, education, the judiciary, media, you name it. Meritocracy feels like a thing of the past, replaced by cronyism and ideological loyalty.
And yet, despite all of this, nearly half the population continues to support the government. It’s mind-blowing. People are struggling to make ends meet, but they’ll still vote for the same leadership again and again. You can even see it in the comments under this video these diehard supporters have started popping up more and more, even in spaces that cater to English-speaking audiences.
The thing is, this isn’t just about the present. What does this mean for Turkey’s future? With so many skilled and educated people leaving, the brain drain alone is a massive problem. Pair that with an ideological shift that moves further away from secularism and cosmopolitanism, and you have a country that’s losing touch with the vision it once had for itself.
Well said, well written.
you perfectly explained my thoughts, my feelings.
Yalancının
In Turkey, a few well connected wealthy persons are getting wealthier, but the majority of the ordinary people are getting poorer quickly. I think, the ongoing military insurgency or war with the Kurds and the Syrians will exacerbate these trends.
And that is a definite indicator of what's really going on in the country
I like the Turkish people, I’ve gotten to know them and they are a very warm hospitable and friendly heart-on-sleeve people. They deserve a better economist than the Islamist dare I say, opposite of Ataturk who was a truly great man!
The dictator erdogan is the most false most immoral most immorally most blasphemy leader in the world history.
a truly great man?? one who was also responsible for the genocide of three peoples of Anatolia: Armenians, Assyrians and Greeks.
If you know or read any history then you would know that Turkey is responsible for unspeakable crimes against humanity like the gene o cide committed by the Turkish people against the Greeks of Asia Minor, the Armenians which they are still doing to this day by helping Azerbaijan attack the Armenian region of Nagorno-Karabakh and then finally the Assyrians in Syria and the Kurdish people of Syria and Iraq. Turkey is a terrorist organization it is not a country
Tbh Atatürk was not a "great man" Just another politician
I would rather be poor without Atatürk then rich with him. Freedom is more worth then money.
"Contrarian approach" was a very nice way of saying "reckless ignorance"
The funny thing is that in one of his last speeches, he defended that "approach" again. It's a hard time to be a Turk...
I mean no way they did not know. It was done intentionally in my opinion without regarding the purchasing power of the regular folk
Reckless ignorance or self interest no matter what the cost some asks )
he just wanted to widen the gap between him and the people. it worked
@@ozgurya1057 Interest is forbidden in Islam, because Allah prohibits it.
Erdogan's economic incompetence is staggering, truly a tragedy for the people of Turkey that he ever became a politician.
True words. It is shocking how elected politicians can function in an economically driven world with more political knowledge and simultaneous economic illiteracy. At this point in time that is oddly not uncommon though.
@@pcopeland15 people are voting for these politicians. Sadly an average person has no idea about anything and instead of educating themselves how the state and economy works, they are listening to populists, because its easier.
Erdogan is a bless for the Turkish citizens. For one im a Turk, wages are growing fast and its at a peak GDP per capita!
@@oguzhan9424
@@oguzhan9424looks like the ergobots are getting triggered with facts again.
Thanks!
Turkey has been suffering for years and will always suffer. Import oriented economy, favoritism, corruption. There are thousands of rules and regulations but no-one follows or apply them. If you do it something properly people think you are stupid bcoz There is always short way to get around from everything. There is no doubt why are they suffering. Sad to say as I am Turkish as well. They are not bad people just they don’t have right mindset to success.Thats the issue.
LOSER NATIONS HAVE NO FUTURE
Brutal assessment.
AND LOW INTELLIGENCE
Spastik 🤦
This idea of you very turkish. Every turk thinks like you but no one has solutions. You are avarage turk. Macro econ globalism wants turkey this way. World need developing problemetic countries.
Concept of "Fighting the Inflation" means, make people could not spent a dime with heavy taxes and minimal rises. That's the improvement you are seeing there.
Being in deep trouble is not something new on these lands.
But being in trouble because of incompetence is hurting.
Interest is prohibited in Islam because Allah forbids it.
@ seeing all those Muslims getting rich on interest while their poor citizens getting poorer tells another story.
@@Masterpirate1 so? Who cares what allah says.
@@rccasual7525 Erdogan his 2 billion bros and sis.
As a Turk, I have to say that was pretty accurate diagnosis. This guy doesn’t only speak numbers but he understands and conveys zeitgeist. Indeed, we never stay in Turkish lira because we do not have trust over economy administration. Because we always buy currencies, their price always increase. Turkish lira loses. Turks lose. Economy is trust.
Watch this guy folks
Inflation it’s caused by government spending more than it gets in revenue from taxes. Why Turkish government spending more money? Mo dy that doesn’t have so it must print money? May be because Erdogan had megalomaniac dreams? Like being protector of all Muslim world and being Khalid? Interfering in foreign countries? Like financing terrorists coming in power in Syria? Few months ago he came in Tirana to open the grand mosque of Tirana financed with Turkey money. It costed 60 million $. If you’re so deep in shit how he doesn’t have money for his citizens but find money to finance terrorist for coup de eta and ten of millions in mosques? He came in Tirana throwing out of window every state protocol and hospitality telling with arrogance which one we should arrest and handle to him. He brought even an imam from Turkey. Albanian Islamic community takes care of his own affairs and no outside entity has the right to impose on the community and bringing own people from outside. We respect Turkish people and you as country. But this is disrespecting our sovereignty and taking advantage of friendliness. If you keep voting such morons in power don’t be surprised when the moron will drag the whole country in his own lunacy.
What is the mood of the people there concerning this thug, tyrant.....? Rebellion in the air?
th-cam.com/video/InOqHhbAyJM/w-d-xo.htmlsi=TwJ1dcQzj4VeCJjd
Biggest issue is TUIK (Turkisg Statistical Institude) credibility. Those statistics does not represent reality. Independent institutes like ENAG reports around %90 of inflation. Miserable situation..
Asıl acınası olan muhalefetin Behsat ç. evrenin de yaşıyor olması. hahaha.
Brother i have been at united states new york pack of smokes at usa from 10$ to 20$. I live at toronto canada room prices from 500$ to 1800 same area same location. I work 7/24 still cannot get by. The world is messed up.
Love your videos Joe. Love from Istanbul and happy new year to you and your family. And yes the worst is yet to come in Turkey.
Nobody to blame but yourselves. Could be a powerhouse by now without distractions and poor economic management.
@@mertaytunur1617 it's Turkÿïe.
How come Erdogan keeps winning inspite of such economic mismanagement?
@@sabrinarodrigues629
Cant you see he’s a crypto…
@
Because President Erdogan is doing great work! Turkiye has never been so rich since the Republic has been formed! Anyone who says anything else is on propaganda tour!
I had planned, “pre-Erdogan” to retire to live in Turkey. On Erdogan being elected, I put my plans on “hold”. However the antics of Erdogan have only become more manic. Erdogan has wiped out the middle-class of Turkey with inflation. The educated and skilled are fleeing Turkey, they won’t go back except for holidays and perhaps when they retire. The embedded fundamentalists in Turkey will drag it into the gutter to rank with other Muslim, non-oil country’s.
You wouldn't have wanted to live in the old pre erdogan türkiye, trust me. Even if it’s not going good nowadays, it was horrible back then. No Stability at all, No Infrastructure, No Medical Care, Violence, Terror, Hyperinflation and regular coup‘s which result in military dictatorship. It was incredibly bad. That’s why a lot of people still hold onto Erdogan and because there isn’t a good alternative.
@ Hello emrefifty, that’s puzzled me, the history of military coups in Turkey. What do they teach the Officer Corps? I know Mustapha Kemal Pre-war was a “young Turk” and post war a National hero. But his tradition was a secular state! Ever wonder, what if Mustapha Kemal hadn’t died so young (apparently he drank like a fish, a lot of ex soldiers from WW1 did). I did talk to young people, the ability to hold mutually contradictory ideas was amazing! I’ve never figured out how they think they can grind down the Kurds and build a society? They must know, the Arminians are just waiting for pay back and the Kurds will be their sword if Turkey alienates them enough.
@@anthonyburke5656 Emre is totally right. Turkiye was an army run fake parliamenter democracy. This does not mean though it has true democracy now. Erdogan with Gulen got rid of the army for his namesake. And he got rid of Gulen. Then he became the sole power yet since his regime is built on money yet Turkiye doesn't have natural resources (thanks god), he can't bring a Islamofascistic dynasty rule. So he has to count on the vital and fragile alliances. Like a Medieval king from Europe having strange realtionships with his lords. Some lords can be attacked by others and the king but all times they must be balanced to not unite against the king. Turkiye wasn't secure and great, it still isn't. The difference is though, Turkiye lacked strong governance yet had an army that no interior power could touch. This is replaced by Erdogan's close quarters and the mafia and tarikats (Sunni cults, sects). So the bosses changed, game is the same. Meanwhile any British and German from Antalya still enjoys the country. Which makes you altering your plans was pointless. :)
Meanwhile your assesments about the Armenians and Kurds is misguided and ilinformed. The genocide done by actual Kurdish tribesmen although it was officialy forced by the Ittihat ve Terakki military Turkish party that couped and ruled Ottoman Empire throughout WW1. Thus Armenians are aware that their people were force marched to Syria by the Ottoman empire and its Turkish majority regime yet the rapes, killings and robbings done by actual Kurds. Thus no, Armenians and Kurds will be fighting each other for the same land if tomorrow Turkish state and army dissappears miraculously. Greeks want the Aegean coasts as usual. East Anatolia will be fought to be shared by Armenians and Kurds, middle Anatolia would be left to ethnic Turks like Gazans in Palestine.
Bekle gör neler olacak ogün geldiğinde şaşkın ördek olursun
Fleeing Türkiye has ended. Aselsan’s head manager said a week ago that number of migrating brains has reversed. Now there are more engineers returning from abroad than the ones leaving country. Downfall of türkiye has ended. We survived the dip. Now it is rising time
Hi Joe, I've appreciated your blogs, but inflation in Turkey is nothing new, when I visited the country in 2000 their inflation was staggering then....how can a country keep inflating its currency yet remain viable as a country? How can you be collapsing for 24 years?
turkey managed to get their economy on track in 2003. inflation stayed under 10% and economy was growing for nearly 2 decades. they were doing well until the pandemic.
Joe talks nonsense, you know this and so do I. People do not pay attention to the obvious and we lie about inflation and pretty much everything in Britain. Our economy is in big trouble, the pound will succumb to massive external pressure, bond yields are flashing red and people like Joe have zero self awareness. Turkey is involved in a massive land grab (called Syria), it is the only Muslim member of NATO and with the biggest army at over 1 million men. Go figure. Turkey has been embroiled in inflation for decades (nothing new). At least Turkey does not dude itself. Well said on your response.
Easy when you steal all the money and gold
We call it the Erdogan Effect😂
Taxes and more taxes, citizens are getting poorer but now it really is straining people. Politicians and beurocrats are not stopping from wasting money.
Turkey has been importing Russian oil and exporting it for a profit.
Now identifies as Turkÿïe
Nothing like propping up dictatorships eh.
Turkey is doing the transactions but I truly think that the profit is not going to the Government of Turkey but to the personal bank account of Tayyif Erdogan.
@@Nopte-t3q it's as if having pseudo Sultan Erdogan is a bad thing
@@sabrinarodrigues629They are a trans country. "They identify as"😂😂😂
Great & informative reporting!
Thank you!
I love the grounded reality of this channel!!!
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation..*
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $10,000 and receiving $35,460 after 28 days of trading.
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
Well, I have nice side hustles like investing and the good thing is that I do it with one of the best (Mr Wayne), he's really good!
I will recommend. Michael Wayne . Investing Services. to you. He is good at what he does.
Dear David,
Thank you for your response, but as to getting rid of inflation is a simplistic idea. Ideally, a perfect balance with 0 inflation is good but not realistic. Better to keep inflation as low as possible while keeping deflation at bay. New products and better products produce some inflation because people want them and the costs rise. Increased productivity reduces inflation, but there is a limit that can be achieved. Getting rid of inflation causes deflation and probable stagflation. Balance in all things is the best choice most of the time ( rare exceptions, like health care).
Shalom.
Dear Joe,
Thank you for your reporting and analysis. You are providing a wonderful service to your listeners. I pray for you and your family and crew to keep going and serving as an excellent teaching service. Shalom.
Shalom, enough said.
I’m christian. Many thanks too Joe. I appreciate your efforts. Please ignore the “too proud” commentary.
learn a lot from Joe. the presentation style is classic. "say what u r going to say, say it and then say what u just said"...skip between screen reading and commentary. And be FRIENDLY & SMILE. Shalom and God Save the King and Slava Ukraini and Happy New Year ....and be inclusive... its party time.
Thanks, Joe! The world seems to be in better shape compared to last year. No more CoLLAPSE, just BIG TROUBLE
When is the Turkish economy not in trouble 😂
Thank you so much for sharing the facts ! 🙏
Much appreciated ! 👏🏼👏🏼👏🏼
I guarantee inflation in Russia is at least double the official rate
excacly 23 interest rates is not normal if inflation is 9%. Also they want to rise to even 25% but Putin didnt allow, so we can assume that real inflation is at least 30%
@lukaszwych8304 food inflation in Russia is at least 30%
True, but say it officially and you'll be counting trees in Siberia.
@@Penfold-8521… indeed !… 😂
Inflation was at 30% or more in most western countries as well so...
Turkey just got pardoned on Thanksgiving and now it is in trouble again?
2.2% month-over-month is not 12 * 2.2% (26.4%) annually, but closer to 30%, because it's compounded.
The math is 1.022¹², or about 1.298, or 29.8%.
I hope they dont come to the west , we don't need anymore muslims
Turkish lira has not been devaluing for the last 3-4 months let alone on a weekly basis. Where did you get that from?
I'm wondering how any future tariffs put on China MIGHT help work in Turkey's favor with trade with the U.S.?
Produce in Turkey, sell to Europe. That's what Chinese and Russian doing. Turkey is in eu customs union.
Turkey is stuffed.
😄
Now identifies as Turkÿïe
Now identifies as Turkÿïe
Is Turkey fried? In Greece?
Kurdistan!
I lived in Turkiye a few years ago and the economy was spiraling at the time.
Up or down????
Now you are in Germany
@@nostro1940 🤣🤣🤣
Is the new name said as Turk-e-yea? Where is the umlaut over the u? The Germans used to call it Die Turkai. Did the Germans change their spelling too? Or is this BS just foisted on English speaking people?
@@lrayvick It's pronounced about the same as the German name. Which is Türkei, not Turkai. So of course it's just foisted on English speakers, German speakers already use a word that works just fine.
I find that every one of your videos is essential viewing to keep up to date with world affairs !
Thank you for sharing !
I went to Turkey in April and I thought everything there was so much expensive this year
Make canal istanbul suez again?
Expensive!!! Lunch three dollars, breakfast almost two dollars. Tshirts are four dollars. Like paradise for poor Europeans.
no tshirts are 4 dollars here in turkiye.@@alievler9942
@alievler9942 it's jst a pale blur. ..harcariz allaama
@@flaviopitanga65 ITS GOT far more expensive ,because the minimum wage has gone up massively in the past two years 5X more increase ,with very low cost of living .
Is there any country on this planet that isn't in some sort of trouble right now?
Vatican?
I feel like Luxembourg is just chilling.
West aiming Türkiye all the time. They don't talk about their own coast of leaving and inflatio. Every week I visit Tesco supermarket price rises plus package get smaller each time. Why don't this western reporters analyse there economy and coast of leaving?
@@ersoy47Exactly, glad someone else caught that
Saw a vid saying Saudi Arabia is in trouble, if everybody is in trouble does that mean nobody is in trouble?
Most countries are inflation freaks that have no idea how to manage their economies. Does this include Europe and America? Yes, most of the time. This is why in most regions of the world the inflation rate is over 10% annually based on the local currency.
It's a valid point. Whenever I hear people scream about the US national debt, I always ask them, which other countries bonds are you going to buy?
Any country with a sustainable demographic and at least some access (be it by force or diplomacy) to food, water and energy is going to eventually be ok. That could imply a fundamental change to the most elementary structures of those societies (e.g., adopting a conservative or religious rule which tends to result in a very stable demographic such as in Muslim countries), but the show will go on. Can't be said about countries like China, Russia, Germany and some other European countries which will most definitely vanish.
Correct. That's called "life".
Trouble is clickbait. 90% of it is fake news strictly for views. Joe is usually based on data.
I’m Australian who went to Türkiye early this year, and I found it really expensive.😊
its more expensive for locals
Sure, mate, Australia is so cheap
yea we earn like a turkish and spend like a swiss thanks to government
no reason to spell it like that, chickens are turkeys and they killed millions of innocent people in their native lands. You know nothing about history or you would not even go to turkey report them spend money there and support evil people who were kicked out of their homeland, adopted islam as the first religion they came across since they were shamans, and went on a massacre spree for hundreds of years
@@JZBaltazarAustralia isn’t cheap, but the wages are alot higher than in Turkey
Turkey economy has collapsed long time ago.
It will get worse day by day. It’s a good example for other countries what is gonna happen when you ignore democracy, human rights, minorities rights.
This is what Turkish people deserve. Because the same power is running government more than 2 decades.
Good luck to Turkish people 🙏🏻
Agreed. Turkey can r0t with the conservative mozlems. I feel bad for the people that didn't want erdo as their dictat0r... Shame.
Maybe he would ignore democracy if he could but there is no case of it right now other then influences outside of election. Human rights are very perserved too and I don't know what you're even talking about. Minority rights are restored too. Said minorities are Kurds which dominates the Eastern region in population and has the samw rights as Turkish people, gets on the same jobs, live with us and even has a party that gets %15 percent of the votes. Don't come here and yap about things with your knowledge of one TH-cam document. Another thing you guys don't understand is so many people don't care about politics. They just look at what he had done in the past and how the economy is right now. Erdoğan in fact never been good but seem like he was good in the past so this is checked. Also, economy is bad but not as much as it should be because Erdoğan is neglecting the economy especially during election times to manipulate some people.
Yeah, that is rich coming from a Turkey-hating Kurd or whatever you are. There are many positive economic indicators: a decent rise in credit ratings, an increase in gross and net Central Bank reserves, lower government debt to GDP, and a significant decrease in the 5-year CDS rate. It is a 1.34 trillion dollar economy from 720 billion just 2-3 years ago-not some banana republic, you know.
@@Emrextraa
Your points seem to miss several crucial aspects of the situation. Let me address them one by one:
1. Democracy and Elections: You claim democracy is preserved simply because elections occur. However, democracy is more than voting-it’s about transparency, fairness, and accountability. Numerous international observers and independent reports have raised serious concerns about the fairness of elections in Turkey, from media suppression to the misuse of state resources for campaigning.
2. Human and Minority Rights: While you state that minority rights are ‘very preserved,’ the reality is starkly different. Reports from credible organizations like Amnesty International and Human Rights Watch consistently highlight violations, especially against Kurds, journalists, and activists. The fact that some Kurdish parties exist doesn’t erase systemic issues, such as restrictions on Kurdish language education, unfair detentions, and crackdowns on Kurdish politicians.
3. The Economy: Your argument implies that Erdoğan’s past economic policies justify his current failures. However, sustainable economic growth isn’t about short-term gains but long-term stability. Erdoğan’s government heavily relied on construction and debt-driven growth, neglecting structural reforms. The result? A collapsed lira, skyrocketing inflation, and millions struggling to make ends meet.
4. Voter Apathy: You mention that many people ‘don’t care about politics.’ If anything, this highlights the failure of the current system to engage and empower citizens. A healthy democracy inspires active participation, not apathy fueled by disillusionment.
5. Election Manipulation: Even you admit that Erdoğan manipulates the economy around election times, which undermines the integrity of democratic processes. This isn’t a defense of his leadership but an indictment of it.
Your points don’t hold up against the broader reality of Turkey’s struggles. Ignoring systemic issues and blaming critics for ‘not understanding’ only perpetuates the problems you’re trying to defend.
@@Emrextraa
Your points seem to miss several crucial aspects of the situation. Let me address them one by one:
1. Democracy and Elections: You claim democracy is preserved simply because elections occur. However, democracy is more than voting-it’s about transparency, fairness, and accountability. Numerous international observers and independent reports have raised serious concerns about the fairness of elections in Turkey, from media suppression to the misuse of state resources for campaigning.
2. Human and Minority Rights: While you state that minority rights are ‘very preserved,’ the reality is starkly different. Reports from credible organizations like Amnesty International and Human Rights Watch consistently highlight violations, especially against Kurds, journalists, and activists. The fact that some Kurdish parties exist doesn’t erase systemic issues, such as restrictions on Kurdish language education, unfair detentions, and crackdowns on Kurdish politicians.
3. The Economy: Your argument implies that Erdoğan’s past economic policies justify his current failures. However, sustainable economic growth isn’t about short-term gains but long-term stability. Erdoğan’s government heavily relied on construction and debt-driven growth, neglecting structural reforms. The result? A collapsed lira, skyrocketing inflation, and millions struggling to make ends meet.
4. Voter Apathy: You mention that many people ‘don’t care about politics.’ If anything, this highlights the failure of the current system to engage and empower citizens. A healthy democracy inspires active participation, not apathy fueled by disillusionment.
5. Election Manipulation: Even you admit that Erdoğan manipulates the economy around election times, which undermines the integrity of democratic processes. This isn’t a defense of his leadership but an indictment of it.
Your points don’t hold up against the broader reality of Turkey’s struggles. Ignoring systemic issues and blaming critics for ‘not understanding’ only perpetuates the problems you’re trying to defend.
Manufacturing, especially textile is gone off to Egypt due to labor costs. Turks either realize the only way to move forward is through innovation and tech, or they move to a cheap labor country..
great program as usual. It is always good to see someone talking Turkey.
Please do an analysis on Denmark. Small economy during "wartime". How does the future look for small economies in the future?
I can do an analysis on Denmark for you and lived there for one year . The Danish people are absolutely fantastic but very naive (though not nearly naive enough to do what their Swedish cousins did). Economy is very resilient and has two of Europe’s biggest companies (Novo Nordisk being Europes biggest company). Maersk being another giant. The Danes also have their warmongering global elites like Jens Stoltenberg, a mirin of the highest order. Denmark has become ultra rich but I can guarantee you it will end up like Sweden. Why? It is following the most absurd agricultural policy of wiping out its dairy farmers. Its biggest company will not remain as Europes number one, why? I am pretty sure its blockbuster drug will lead to future lawsuits. Denmark suffered a fire to a very old building on Copenhagen, not the first, however if I a correct it portends bad omens. People in Denmark are absolutely great humans so will prevail, they just need to get rid of the idiots. My opinion.
I'm no economist, but my guess is it's got more to do with how well administered the local economy is than with international factors.
It's one thing to have a recession like that in Germany, where inflation is stable and under 3%, and a whole different one to have a recession like that of Turkey, with a 47% inflation rate. Things get slightly worse in Germany, that's true, but they're getting massively worse in Turkey.
Germany had to tackle some problems that would most likely have bankrupted most other countries - replacing its energy suppliers in a very short time being the most important one - and it did. Predictions were it would take years, but Germany had its first liquefied gas terminal ready in nine months since the war started. In contrast, smaller economies, like Slovakia and Hungary, still haven't done much to break away from Russian oil and gas. They'll be hit much worse when Russian deliveries stop, due to Ukraine not renewing its contracts with Gazprom and Russia's infrastructure falling into disrepair and no longer working due to sanctions.
Another example is Switzerland. Switzerland hasn't seen economic YoY GDP growth above 5% since the seventies last century. It has had some years where GDP was shrinking. Nevertheless, there was never any major, visible political or social crisis in Switzerland. Despite occasional economic hardship, Switzerland is typically well administered, and any potential source of problems is dealt with proactively and swiftly, rather than letting small problems unsolved until they become humongous.
Countries smart enough to put politicians in place that aren't afraid to make difficult, painful decisions and then supporting those politicians and shouldering the hardship will make it through with relatively little harm. Countries stupid enough to believe promises of phony politicians that hardship can be avoided will get it really bad. But that's just my opinion.
Good evening Joe, Have you considered making a video on Russian crypto activity. I read that they are bypassing the currency sanctions via crypto transactions. Thanks
Average Russian isn't using crypto in fact it was illegal at one point, Russian government doesn't like ordinary Russians spending money on such things and let's face who is going to exchange it for rubles
@@michaeldunham3385 a lot of people will exchange it for rubles.
Not the point. It's the russian government itself that is playing crypto games for cash. Duh.
The people in Turkey want a gold standard. So do I.
Could you please provide source links for the charts you are showing?
People always talked how bad is economy in Türkiye but we always made the unexpected.
I don't even feel like explaining the reasons, we keep having crisis and getting stronger every time no doubt it will be same.
are we strong? you sure?
He amk sanki aynı ülkede yaşamıyoz
You have a vivid imagination.
Avg Turk brain
its Qatari money - easy come easy go
I MOVED WITH MY FAMILY TO TURKEY ,AND OUR FOOD BILL IS 30 PERCENT LESS THAN THE UK ,AND ALL OUR ENERGY BILLS ARE BETWEEN 3/4 TIMES LOWER THAN WE PAID IN THE UK ,AND WE GET 40 PERCENT INTEREST ON OUR SAVINGS ,CRIME RATE IN TURKEY IS FAR LOWER ,NO SKIN COULOR ,OR TRANS PROBLEMS ,SAME DAY DOCTORS APPOINTMENTS WITH MUCH BETTER HOSPITAL TREATMENT ,NO PRIDE CLUBS IN THE SCHOOLS ,VERY FARE POLICE ,GREAT WEATHER ,AND THE LIST GOES ON .
And the Capslock is always used.
I think you r very rich. well done for you. you must be earning higher than the general turkish people. you must have an expensive house in a good area, expensive cars etc... you r in the %10 of the population.
@@shan-bt8um negative comments towards people living a good life in Turkiye.. grow up
I am a 31 years old Turkish and no.
@@YKagan-yr6nw good for you to love ur country no matter what.
thx u for the updates
Hej Joe, your analysies is always very interesting, especially for me as I’m not an economist. One thing I don’t undersand is that many economies are i crisis but the stock market isn’t. Which economies/ countries are doing quite well? The only one I can think of is countries that helps rich people to hide their Money from tax.
"TURKEY in Deep Trouble" "Turkeys gonna be bankrupt" thats the headline for last 50 years but it never happens 😂😂😂😂 I think Turkeys gonna do one of the greatest come backs of recent history
Thank you Joe.
Are there any countries that are not having problems today?
Comparing charts makes US look very reasonable. Funny: after countries edge to dollarization the dictators will claim those dollars are held by traitors who back the US, and they'll try to confiscate them.
There has never been a time when most nations never had problems, that's life. But presently, since COVID, we have been going through crisis after crisis. Currently we are going through a war period.
Switzerland is still going strong, with more long term issues then real big problems which need to be addressed asap.
In a country where you could save your pension and buy a house 20 years ago, now retirees have to work to survive. There is limit to having problem
When I see this guy on my feed I always understand there is bad news for Turkey. Such a buzzkill.
Allama kitabima bi 6fisir daha atariz, beraber batar cikariz
Yani negative rate cash flow ederiz..efeler8n diyari bura
Just which of the BRICS countries is doing well economically? Even the mighty China and India are both in deep shyte!😮 Talk of this group replacing or a challenge to the G7 nations now appears some way off.
The trouble with Turkey is that it wants the best of all worlds l....at any cost. 🇬🇧🇺🇦
Pretty sure the trouble with Turkey is corruption. Best of all worlds?
Yup they want cheap russian oil and claim to be friends with ukraine. they profit from EU sanctions on russia (they export EU goods to russia and make a profit)
They blackmail the EU with migrants like Russia does
America did, and did....😮
Turkey thinks they are a superpower while being an economic lightweight. That's the problem.
Like the uk english?
Haha that recession thing, we did hit everywhere including in the US. Just deny you are in a recession, GG, easy movements.
Thank you.
Perfectly explained wow
Joe, GDP is not a serious measure but if we use it, we shall keep in mind that it is a sum of 3 factors: a) growth b) national debt and c) inflation. Turkey has no chance for increase debt due to extreme inflation (worst rating). It is very easy to show that the US economy is in recession since Corona and even some time before - just ad/substract the spiraling national debt from official GDP data...
Good thing someone talked about this, i stayed here for 3~4 years, things changed to the worse... leaving in a couple of days... sadly, bad times ahead for this country
Gittiğinde tc iyi seyler olur en azından bir tık huzur
yap!
@@SelimLafcine gibi iyi şey olabilir mesela asgari ücret 30.000 olur
You keep doing videos about what is going wrong everywhere. I'd like to see one about a country or countries that are doing well and why.
Singapore
Argentina now.
US in 6 months…
@@thestreets5206 Singapore is a finance focused economy, and they know that China's economy is in freefall. They're trying to score big on affluent Chinese and Chinese-owned companies moving their cash and headquarters out of the mainland. For example, Singapore recently agreed to visa-free travel between the two countries and the only reason they would do that is to make it easy for affluent Chinese to come into Singapore and open bank accounts. They're taking advantage of the capital exodus happening in China as the Chinese economy declines. There is a saying: "When the whale falls, all things come to life." China is like a dead whale and Singapore is like a shark moving in to feast.
😂
@@whowhy9023😂
Hey Joe. Is Ukraine still winning the war!?
What's happening in Iran?
God bless Iran 🇮🇷
Inflation is 50 percent, but lira lost 20 percent of its value that means lira gained value because everyone gets higher wages roughly based on inflation. As a result, gdp per capita went from 8 thousand to 15 thousand. Why is no one talking about this? I am curious about this
I was wondering when we reached the 15k, that is why we suddenly jumped to the that level. but purchasing power falling apart day by day.
@GeneRauXxX
It happened because inflation is higher than the value loss of TL, which is why going abroad for holiday became cheaper, for example. This is the opposite of what happened between 2018-2022. This is what I see, but I saw no one else talk about this effect
@@U87-z2w they play with those numbers. Countries can keep their money s value cheaper or higher it doesnt mean higher is always better( economi 101). The referance point is peoples buying power and last time I checked the majority of turkish peoples buying power is miserable. Because so much corruption no democracy turkey has turned tp a shitty middle east country because of it s dictator and his followers.
Nice analysis, I love watching your videos ❤
Me too!
Predicting future economy of Trukey is not that easy, especially with Syria developments. Infrastructure development of Syria in next few years can give huge boost to Turkish economy similar to Iraq re-development after US occupation, problem is simple: Will Turkey finance these projects from their own budget/via taxes of citizens, which might worsen situation in Turkey while construction companies facing a boom, or alternatively will Syria get funding from EU and US which will be indirectly pumped to Turkish economy through construction sector. Let's not forget Ukraine too, if (a big one, very uncertain if) peace happens there, Turkey will also get most of the infrastructure projects, and Ukraine will definitely get EU and US funding for re-development.
High interest rates and earthquakes also affect this recession. however, it will turn to a better, disinflation stage with lower interest rates, which would turn recession to growth. the main problem in Turkey is the distribution of income
Turkey needs a large popular movement for liberty like in Argentina.
Not going to happen, too many uneducated islamists in turkey. They think erdogan is a prophet or something like that.
And secularists are too scared to fight for their freedom.
Erdogan is actively shitting on the constitution of turkey and there is no one stopping him. Now he wants to change it again.
Turkey is doomed.
We need actually fucking reasonable goverment first of all.
Who is Argentina ? We dont need liberty western, just look at your own business
You're saying it like Argentina is rivalling Germany now with Milei in charge 😂
@@Seloadingno we absolutely do. im turkish.
hey joe is there anywhere that is not collapsing???? thats your constant theme for EVERYTHING
Good morning! Yes that is what Joe his programm is about.
entire civilization is COLLAPSING
Thank you👍👍👍👍👍👍👍👍👍👍👍
A friendly viewer suggestion : Record another video solely comparing the statistics provided by the national agency and independent agencies/analyzers (for the same country, not the other countries) . I have seen other people mention it too. Transparency and unreliable data are major concerns for the citizens and it is regularly criticized. I'm sure the result of such a video will be a lot different.
Thats what he does here. He is comparing stats against other countries taken from internarional agencies. He is not sitting in basement and making up numbers. Whats your point?
Recession is two quarters of negative growth. That does not mean falling growth, which is still growth. It means below zero, which is less production. Not lower growth, but lower production.
I live in Uk and Turkey
Quality of life is 100% better in Turkey. How
Cheaper bills, councilbtax £100 a year, abundance of local grown fresh food. No crime, no beggars, yes property and rentals expensive, unlike Uk families share and help each other. Weather !! No cameras, police treat you with love. Your inflation figures are fake in Uk.
I didn’t mention cigs, every one smokes yet look like picture of health. No drunks. Against the £ it’s been stable for last 10 months. What does Uk produce, people are loosing there farms, huge tax burden and starker taking gifts whilst pensioners freeze.
With the highest rate of inflation amoung NATO countries.
Government overspending and debt are the root cause of many of our ills from the the incessant 'need' to grow (and bearing in mind there is good growth and bad growth - good growth is where everyone get richer because it is driven by productivity gains and value and bad growth is what we are engaged in and that is merely importing people with no consideration of the cost just focusing on GDP growth to hide the over spending and the debt/GDP ratio. They have set up a gigantic ponzi scheme with mass immigration in our case Turkey's debt and overspending they are trying to quell by simply expanding (a bit like the EU tries to do with their crumbling empire). Anyway debt and overspending are the enemy of all that is decent because they drive very stupid thinking and agendas ... which is evident where every you find big government and mass immigration .....
How does the world still function...? If i can believe youtubers. USA, China, Russia, Argentina, Venezuela, Turkey, Canada, Australia, South-Africa, Belgium, France, Germany, UK, South Korea, Cuba, India and many more are all in deep trouble....
it barely functions.
we are in survival mode everywhere(except of course for the rich).
83% of the country earns $315 - $900. The average house rent is $560. Do whatever you want to do with this information. More then %50 of the country is literally not living but tryint to survive
Lovely explanation …thanks…
50+ % Interest rates a tough for people and businesses when inflation. But when you also have crazy inflation numbers they're actually not as crazy as they sound. They're part of the adjustment for the fact that the real value of the loan you took out in the first place is shifting dramatically from what that number in the books represents today. If Interest rates are 50% and inflation 75% then they may seem high, but they're actually negative and you're giving money away. With Turkey there's also of high domestic debt, and the government's willingness to suffer high inflation in order to have high debt lead economic expansion through low interest rates. The question becomes then, to what extent a lot of this growth has been unsustainable and to what extent raising (real) interest rates has ended that mirage of growth and is bring down highly indebted companies.
As a turk im scared by trump saying were the key for syrias future
I'm scared of Turkey being scared,
Seni suriyeye mülteci yaparlar bu düşüncenle
I'm scared of Turks listening to Trump.
Im scared of American who is scared that Turkey being scared
What you said about Türkiye's economic situation is true, the 2.7% inflation rate announced by the United States is definitely not true. When I check the price of the products I buy in the US, there is a price increase of at least 25% every year. For example, the Leatherman Surge multitool that I recently bought for $150 was $100 2 years ago. 3 years ago we could rent a studio apartment for $1000, today it is very difficult to find a studio apartment for less than $2000 in New York or California. How is inflation estimated to be 2.7% when there is such a high increase in prices? In countries that cannot control inflation, the state administrator tends to show inflation low by making changes in the inflation calculation. Since the Covid period, we learn that inflation is shown low by the state in the USA by seeing the rising prices in the market. I think you should also make a video about the inflation announced and the inflation felt in the USA.
no reason to spell it like that, chickens are turkeys and they killed millions of innocent people in their native lands. You know nothing about history or you would not even go to turkey report them spend money there and support evil people who were kicked out of their homeland, adopted islam as the first religion they came across since they were shamans, and went on a massacre spree for hundreds of years
Tokenomics on point, a strong development fund, and a clear focus on community growth, Adaxum has it all!
Untuk menghitung berbagai nilai pertumbuhan ataupun perlemahan memang yang paling akurat dengan teori interest compound . Termasuk juga dalam sistem kredit pinjaman dan semacamnya
Rebels 😂 is that what we call the former al qaeda leader nowadays
Shhh… they’re also democratic
Why? I thought Thanksgiving is over
Looks like they default on an IRGC model to combat this crisis and focus on "rebuilding the Ottoman empire" vs. set up a sustainable system. I sure hope our dear Turks will be able to take their country back
Sadly unlikely
Emotions are much stronger than economics here
@@khaban Unfortunately that's quite the common problem all around the world not just Turkey.
Şu anda aziz türkler yönetiyor öncekiler devsirme türklerdi
You're need a review of this chart. Inmy opinion, cuba is one the most highly rated of inflation
Cuban currency isn't worth the paper and ink. But Turkey follows Islamic economic policy...which means Erdogan is always right...left...correct.
Let’s be real, any Turk seeing this video just reacted with “no shit”
I would expect that the Turkish people might just seek to immigrate to the EU as they are doing. Turkey and Germany have been close for years since WW1, but that relationship has sailed. So where to go? Maybe just across the border to Bulgaria?
During the 2010 and after period, the Greeks took what they could and sold what they could and drove across the border into Bulgaria and bought apartments and started little shops. Anything to begin to bring in cash in a stable currency. The Lev is an unknown currency globally, but it's at least Pegged to the Euro. So I would expect Turks to just try and set up small businesses in Plovdiv and Burgas, little shops selling stuff and just working seven days a week to pay the rents and get some kind of hard dependable cash in their hands.
Joe forgot that Biden and Pelosi changed the criteria for the definition of a recession
Germany about to get more cultural enrichement
Germany has its own problems after USA deprived it of cheap Russian energy and forced it to spend tens of billions on weapons.
The president has announced they will start dropping interest rates (this month they announced 250 points of interest rate drop already fyi)
Even as a successful college student I don't feel ok about my future.
I have plans to leave my country if I can't find a good paying job.
Joe you are simply blowing as usual
Erdogan supporter's butt-hurt detected. 🤣
Yeah I made a comment about this
@@Chisel_Chest an extreme idiotic comment. Erdogan is not the problem, but Turkish mojority who elected him is the problem.bit of wisdom dear indian arian friend
@@ayhankaracaoglu6845 Not my fault you express yourself poorly/have to result to insults as a result.
Thank you
I am a Turkish, born in Turkey now livign in London Uk for the last 16 years, all i can say is i think Erdogan Regime is about to bust. Even his supporters become weaker by the ecomony. They are holding Exchnage rates of Us dolar, euro and british pounds for the last 4 months and this will have very bad consequences. Turkey become so expensive that even for me ( earning £85.000 a year) its a expensive location for the holiday. If Turkey lose the tourist they will kick Erdogan out by end of the 2025.
Hayallerini kendine anlat mutlu ol gerçekler çok farkli erdogan yaşlandı belki 1 seçim daha devam der demezsse hakan fidan veya kalın sistemin devami biliyorsun türkiyede atatürkçü ulusalci solcu seçim kazanamaz darbe devride bitti sen en iyisi londrada yaşamaya devam et gelme
And we really need to know your annual salary. Thanks for the info. The minimum and average wages have doubled and tripled in USD, and EUR during the last two years. Yes, life is very expensive, but don't tell us it is all roses in the UK because it isn't. I know the UK very well, traveling back and forth.
Ben 36 yaşımdayım 4 tane evim var Türkiye de ve senin gidip tatil yapamadığın yerde yazlığım var. Sadece dogru birikim yaparak ve zamanında yaparak..(Az kazanmama rağmen eşim ve ben ortalama maaşla çalışıyoruz) . Senin ingilterede kaç evin var? Türkiye fırsatlar ülkesi para kazanmak çok kolay.. Tabi Senin gibi kaçanlar bunu anlayamaz.. 30 yıllık kölelik senedi sonucunda sana 1 ev verirler sonra sen karnını doyurduğun için sevinirsin :) .... (Türkiye de Halkın %20 si için koşullar kötü bunu kabul ediyorum bunun sebebi de kapitalist sistemde rekabet gücünün kaybedilmemesi ki bu dünyanın her yerinde üç aşağı beş yukarı aynıdır) ...Bizim ülkemizde aklı olan azıcık iş becerisi olan adam yolunu bulur.(Tabi bu son 20 sene için böyle, öncesi kötü idi.)....Kabul ediyorum son 3-5 sene ekonomi pek iyi değil bende memnun değilim ama ne yazık ki Bütün dünyada bir daralma var.. Bütün dünyada sıkıntı var. Belki ingilterede olmayabilir yada amerikada bunun sebebide 100 yıldır oluşturdukları sömürü düzeni... Neden çinin önüne geçmeye çalışıyorlar ? neden hep tehdit. Çünkü sömürü düzeninin yıkılmasını istemiyorlar ama yıkılacak... Sen bu Sömürü düzeni ile gurur duyabilirsin o senin sorunun... Türkiyeyi ingiltere ile almanya ile kıyaslayanlara gülüyorum ve anlıyorum ki evet biz büyüyoruz... 100-150 senelik sanayi devlerinin son 20 yılda sanayi devrimi yapmış bir ülke ile karşılaştırılması çok manidar. Vatanından Selamlar...
it ürür kervan yürür! aynı lafları 20 yıldır duyuyoruz. Erdoğan sonrasıda kaldığı yerden devam edecek
@@TURKİSHMR4442 İngiltere de sıkıntılı. İçindeyiz, biliyoruz, yaşıyoruz yani.
Everyone should know that Türkiye always overcomes difficulties like this. Whether it is an economic crisis or inflation, it will be resolved after 1 or 2 years at most. Our Leader R.Tayyip Erdoğan is a good Leader. Let's not forget that there was a huge earthquake in this country and 11 cities were destroyed and there are a total of 5 or 6 million immigrants in Turkey. This has been a huge burden for us. Now I ask you, which country in the world could bear such a heavy burden? Germany? France? By the way, we help many other countries. For example, Africa, Syria And these countries will definitely come back to us, this is a very natural thing. At least we don't pay too much for weapons anymore, this is very important for us. Because we make all kinds of weapons ourselves. Some of our own citizens may be very critical of Turkey. This is very natural. Whether they believe it or not is their own problem. Greetings from Turkiye to everyone. I hope 2025 will be the year of Peace for the World. 👍 🇹🇷
Projects like Adaxum with strong use cases and a clear vision often lead the next bull run. Definitely worth considering!
Real interest rates are positive for the Turkey so that slows down borrowing and maybe rewarding saving. The lower borrowing is slowing down velocity of money a bit, and that slow down is what is driving inflation down. Still holding onto TRY in cash form or having deposit rates below the inflation rate is silly so I still think much of that economy is dollarized.
Yes, everyone is milking from the bank!! No investment/ job creating/productivity /growth!! The high interest rate alone is not enough tool to deal with inflation!!
Complete rubbish. 2024 gdp is 3%. Which country in the EU has 3% growth. Turkey has had high inflation for 30 years. Economy keeps growing faster than other countries.
3% is low for turkey. To become the super power they need to grow 7-10% every year. Only then they can unite the region like a new EU.
After Iran they are coming for Turkiye. I bet Trump will place sanctions
@@amusinglover Turkey cant even unite its own country.
You will be surprised
Turkey's always in trouble around thanksgiving.
Thats why they want to change their names cuz this joke never gets old
@@Paleb-wj2we Yeah Erdogan specified that english speakers must call Turkey Turkiye but the French, for instance, can still say Turquie (Tur-Ki).
Turkey is doomed, I don't see how we are getting out of this. Too many people overall in the country, way too many migrants, everything is super expensive. Everything has gone up 4x in price, from milk to cheese to bread to everything. And let's not even get started on buying a car in Turkey. I believe we have the highest tax rates in the world when it comes to that.
Yes it depends on your cars engine but even the cheapest car in turkey is starting from 40k or 30k usd, u guys are buying porche or bmw with that money i believe...
Excellent ❤
Glad I subscribed; Joe's channel is interesting and instructional. 💕
I agree
great video, but official inflation rates are not true. unofficial sources predict that its around %75 or something like that and the reason is they dont write the actual prices, for example in official side they saying that rent for a month is 6500, but right now all around the turkey rent's are starting from at least 10000 or 12000.
That's seriously deep trouble... for the upholstery. Turkey has a few problems, too, but I'm sure their kind and caring wannabe dictator will ease the general public through it. No cutbacks at Harrod's in sight - and the private jets are kept on 24/7 standby. Just keep south of the Russian Liberation Zone.