Hope things improve for Turkey, one of my favorite countries. Subscribe for more videos about Tech, Money & Cultures from Lebanon, US, Saudi Arabia, UAE and more.
I'm really sorry for your situation. But I think you feel our situation in Iran because we have been facing to 80 percent deteriorating in our currency in this 3 years after heavy sanctions put by gambler Trump.
Actually like if you visit frequently you will notice it . Im major cities the basic necessities and a middle class standard has reached about 40k a year usd in country where gdp per capitas top at 20
yeah im gettin tf outa here if i can afford to finish univercity im gonna goto us,germany or the uk since ik those languages already and can find a job there hopefully we can move to there without any problems so that we will be able to buy stuff and live life
yes WE from other European countries especially for me its super cheap to buy stuff for washing clothes even furniture and so many things with my salary but I also feel bad for them imagine so many people living under the stress 21% above is not a small number it should be at least 10% if shit gets out but 21% f no
Man this is heartbreaking, it brings me flashbacks of the financial collapse here in Greece. I don't know what to say, I hope everything gets better soon and my thoughts are with everyone affected by this crisis.
I am 18 years old. I live in Turkey. I want to be a doctor, but in my country, doctors are mobbed. My sister is a doctor and she sometimes takes care of about 300 patients. Despite this, she currently earns 900 dollars. The process includes other professions as well. My country is full of unemployed university graduates. I have passed the holiday abroad and cannot benefit from the social opportunities of my own city. I have not left the city where I have lived for 18 years. The worst part is that people over the age of 50 think that we live a perfect life. They think that breathing is living.
@@orhanyokus1921 She earns 900 dollars so 400 dollars is worth nearly half of her monthly wage. While an US doctor earns 15000 dollars average per month. Your brain can't perceive simple things like this?
@@ScavBob it has been 7 hours and now it is 16.64 TL for a dollar ... almost a whole lira down on 7 hours...I don't know where it is gonna end up at rate...
This video is very informative as always. I’m a Canadian 🇨🇦 living here in Istanbul 🇹🇷 for the past five years. I moved here to live centrally and travel often. My work contract is in Turkish lira which means my salary is now next to nothing and it’s no longer feasible to travel abroad.
@@salihkaya4739 Did you, a Turk, just say Lithuanians are poor? Oh the sweet, sweet irony. Our average income is $8,274 a year. The average income of a Turk is year $3,073. Our gdp per capita is $19,997 while Turkey's gdp per capita is $8,538. And you also dare call US beggers for working in different countries when there are *7 million* Turks living in Germany ALONE? For context that's bigger then our population. How embarrassing. 🤣🤣🤣
@@theanglo-lithuanian1768 Don’t make me laugh! I live in UK and your most people can’t even afford to live in flat. Of course you are poor in your country, average rent prices are very high in your country. Compare to Turkey Lithuania isn’t great be realistic. I’m not saying Turkey is amazing on economy but coming this from the Anglo- Lithuanian . I laugh so hard
@@theanglo-lithuanian1768 7 million Turks majority moved there in 1960’s it’s around 5 million! They are all hard working people they settled up and their children grown up etc. So if you compare to this there are no one left in Poland , Romania, Bulgaria, I can show you people here from Romania working in car wash in very bad conditions , sleeping in bad places to just to save money and take it back home. Back home Europe!! 😂😂
As Greek i have recently been to turkey and for us, everything is cheap. However that is because we have the euro. I never thought that the lira value would drop so low
Dolar şu an 14e dayanıyor aaahhh keşke şu videonun çekildiği tarihe gitsek kfjdjjd 2 hafta önceki halimiz bile daha iyiydi. Papa Yeni Gine parasından değersiz bir paramız var
As a Turk, I would like to say that for 2 years I have been saving money for a computer that will be considered garbage in America. If you say food, prices are going up and despite this problem, there are still people who think wrong people are gods :(
@@ashutoshpattanaik3650 yea it was what happens if inflation goes %20 in your country? the people Protest right, and change the president or something like that in Turkey they still support him after all he did to country
@@Arda57 For c country to develop it needs a strong leader thats true, but in right mind ,his foreign & financial policy are blunders.I hope condition improves . I'm seeing very negative portraying of my country Bharat(India) in trukish media. can u confirm how generally public has image of India?
@@ashutoshpattanaik3650 no i didn't see anything bad about india expect Huge differences in living conditions between the rich and the poor just like Turkey
Turkey was once a feared economy in Europe, now it’s imploded. Lebanon has never had leadership that has put Lebanon first. Lebanon has always been dysfunctional economically b/c of its flawed political system.
@Mohammed Salman I hope they will stabilise the currency because people cannot live like this forever !!! I hope turists will come again and spend money and maybe în the summer turkish workers will be paid a fair wage in $ !!!
When I see the lives of young people in countries with good economy, I realize once again that I have not experienced anything. My country does not give half of the value it gives to foreign tourists. Because we do not bring money such as dollars or euros to the country. My country is a complete paradise with its nature, deep-rooted history, food, culture. But this paradise is inhabited by foreigners, not us.
why are you complaining like a brat? There are always recessions in every nation. The current government, which most young Turks hate, is the one that brought Turkey out of a state of poverty. Your history involves the Ottomans standing up to the world and becoming a colossal empire. There were hardships faced by those pioneers who created that state, they went through hardships, they forebear the difficulty. Hardship strikes you and you talk profanity about your country. Are you not a patriot? Erdogan steps up to the world to show them the power of Turkey, and in return they try and destablize the country. Why don't you stand with your nation? Don't be a hypocrite and help your nation reclaim its glory that it once held.
@@mohammadabdullah8286 bruh how does having ottomans empire in the PAST justify any of this. We should be cooperating with the world not standing against it. Better for everyone. Leave the past in the past.
@@greenfingernaildirt356 Cooperating is very different than submitting. For example, China established itself as a manufacturing powerhouse that excels in fields of trade, defence, and energy. The world now relies on China. However, it has its own ideology, it negates what the west stands for. Similarly, Erdogan is willing to work with the world, but he is determined to keep the Turkish identity and what it stands for. Erdogan brought Turkey out of a state of poverty, proving that he is open to economic success. But he does not want Turkey to become a slave to the west, as it has been for many years. Instead of leaving things in the past, you must learn from them.
@@mohammadabdullah8286 No erdogan wants the world to submit to him. And i understand that the European nations won't accept that. It's a give and take scenario. And erdogan wants to only TAKE.
Great video Uptin ! I lived in Istanbul from 2006 to 2011 teaching business English, and at the time the exchange rate was roughly 2.50 -3.00TL to 1.00 GBP. Even then it was a struggle for most (educated or not), so I cannot imagine what it is like now for those folk in the same occupations. Hell I suppose. Now the rate is 17.50 TL to 1.00 GBP. There are many reasons for the problems in Turkey, but back around 2007 the government changed/introduced mortgage laws which meant a huge amount of "cheap" credit flooded the market along with a massive construction boom. I pointed out at the time to some of my students that this would probably have the consequential effect of turning it into a "rentier" system (like the UK) ; meaning that with Turkey losing much its primary and secondary economy to globalist forces, it would then leave it exposed to something like this happening. It is heart breaking to see this in a place that has left such an indelible mark upon who I am. Turkiye cok seviyorum.
As a Turk who lives in the States, that’s really depressing to watch this, and can’t believe how things went downhill in just 2 years but to me not that really surprising when you know that your economy is built on the brittle construction sector.
I'm an expat living in turkey and it's very hard for the people here. I feel ashamed to exchange my dollars right now because of how much the price has changed. I'm literally waiting for the economy to get better before I exchanged alot so that I don't feel like I'm taking advantage of the situation. I pray for turkey as your guest
We have to tear our asses to get into a good highschool in age 13-14 and college abroad in age 18-19. If not, most colleges here wont fix anything and yould just waste your money. The minimum salary is 2,800 lira and rents are 6,000 and RTE said cheap to 1,002 lira for supermarket. 😂🤣😂😄😁😂🤣
I was the first economist who predicted the Turkish currency crisis ten years ago.. The real reason for the crisis is not the interest rate or political problems but structural problems within the Turkish economy. Economic growth based on borrowing from abroad and accumulating hundreds of billions of dollars in external debt.. Plus selling of public companies to foreign investors.. While the economy wasn't able to generate income from abroad to compensate for this.. The result was huge trade defecit and account defecit.. I'm other words, Turkish people were consuming more than what they produce. The foreign currencies coming to the country were less that the foreign currencies leaving the country. Thus put pressure on the Turkish lira and caused it to collapse.
@@MsEverAfterings i've erred there...not M'sia govt owned...but any influential figure in Turkish politics must start a cryptocurrency to balance the fiat money
So as an economist can you explain whose fault is that? Erdoğan's or any other thing? I want to show what you are going to say to my Erdoğan worshipping friends ...
This pains me so much as an expat in this beautiful and amazing country with lovely-friendly people. I hope the situation improves for Turkish people. Ekonominin düzelmesi için dua ediyorum. Türkiye'yi sev!
Hello from Germany! 🇩🇪 My family members started to come from Turkey to Germany in the 1960's. But they didn't come as typical guest-workers. They were students. All of them have degrees from German universities (my two siblings and I have also university degrees). I was born and raised in Germany, but when I was a child, we lived in Istanbul for about one and a half year. That was back in the 80s. But then we came back to Germany. I always asked myself if it was the right decision to come back, because we lived in one of the best parts of Istanbul. We still have apartments and shops over there. But now I am really thankful to my father that he had the foresight to correctly assess what life in Turkey would mean for us. Turkey is a great holiday destination, but I couldn't live there permanently. Especially as a woman.
@@lunafringe10 Women in Turkey are much more liberal than in other countries with a muslim population, but they are still not as liberal as women in Europe.
@@flowerpower4024 Sadly most voters and supporters of current regime are ur fellow German-Turks.And usualy they are thr ones which have less respect for womans. Blame ur kind not Mainlanders.
Great insight Uptin! My heart goes out to all Turks, the struggle is real, we Lebanese know too well. Been visiting Turkey on a yearly basis since 2012, when the TL was still 1.80. The struggle is mutual. Wishing us & my fellow Turks better days ahead. Much love from Lebanon ❤️❤️❤️
A progressive, secular, modern ĺslamic country is attacked in every opportunity by traitor minded oppenent political groups because Turkish people do not trust them and do not vote for them for years... The oppenent groups are so desperate because they got lost in their hostile mind...
This is the economic crisis. Overproduction and underconsumption. We all work, but struggle to buy commodities and services, while all the wealth we all produce goes to certain clans, families, corporations and individuals. Like everywhere in this world. this is called: "a contradiction between the socialized nature of production and the individual nature of appropriation of the surplus product arises, coinciding with the obsolescence of the functions performed by the capitalists". Google who said so.
@@xyz-iz2kf Pakistan is always our friend.. I don't know where you are from and also l don't care where you are from we prefer you to stay away from us as a friend because the people who discriminate other nations cannot be friend at all... lf it wasn't China you wouldn't be able to buy whatever you want in an affordable price now.. l am not a pro China but this is the fact without any question..
@@xyz-iz2kf All the time we've seen and witnessed over the years how so called friends like america and britain, france, germany, european countries destroy the nations and their people in Middle East, Afganistan and the North Africa...
Turkey has no good relations in the world...majorly to blame on Erdogan. That man causes more conflict with his words than going to war itself. Your country needs new energy and a new leader - he is too narcissistic and egotistical to lead. Hopefully your next leader will have more knowledge economically and make better decisions.
@@metehanakar0 It's all about "keys" in order for Erdogan to go his resources need to go down so that he can't buy people anymore. In 20 years he made a fortune exploring Turkish people while Turkey's economy gets weaker his financial status gets stronger.
Much worse situation in Turkey is, their official statistics department "manipulates" the inflation rate by ridiculous referenced products; so whereas they claim the annual inflation around %20, it's actually more than %60 for time being... This is deliberate pauperization. Iran, Lebanon v2 loading.
talking with online gaming friends from Turkey. And I remember I've seen such news in English several weeks ago somewhere, can't remember where though. Still they confirmed it's true.
If Turkey's official statistics department manipulates numbers! Do the world economic organisations make the same?! Come on people just talk logic and say truth!!
I'm Lebanese, I ran from the misery of Lebanon and its economy only to find myself in Turkey. Granted i work remotely with the US and my salary is paid in USD but you really cannot shake off that feeling that everyone around you is struggling and you are barely able to get by let alone help.
Same here, am working remotely here. It feels like everyone around you is about to explode at some point. Also, am experiencing racism very regularly just for being from the middle east.
@@dariuselijah9277 It's started happening in recent years cuz all these poor people thinking like foreiners (actually refugees-we have more than 5 million of them) stealing their jobs and money.
I'm really sorry for your situation. But I think you feel our situation in Iran because we have been facing to 80 percent deteriorating in our currency in this 3 years after heavy sanctions put by gambler Trump.
@@hosseinmoeini1428 I really sorry for Iran and it's people. Everything could be so much different if Turkey and Iran have been ruled by secular, free goverments that respect human rights and universal laws. Both countries have deep history with a strong cultural connection.
Turkey is the new Venezuela now! I was watching documentaries about how the Venezuelan economy was collapsed and how locals were suffering, they were struggling to find money to buy a piece of bread. Now the point that we have come to in Turkey is not different. Once I was feeling sorry for the others, now I am in this position. Thank you AKP government!!!
I was warning people when I was living in Turkey that it could become more similar to Venezuela with this government, but they kept singing the praises of Reis. While the government did cheat in the 2017 referendum in the Southeast and changed the voting rules, too many people supported them making it easier for them to cheat. It's harder to cheat so much when you have little support.
As someone from abroad I teach English Language in Turkey. Most of my students are teenagers (high-school) and its sad to see them living without dream ;( Tbh they have dream to move abroad but they don't know how. As they guy said in the video their currency is getting low and low every single day. Every single day they have less chance to save their future because everyday hundreds of thousands of people trying to leave Turkey and becomes harder and harder even for the rich people. I have HUGE hopeeee from young generation (GenZ). They are smart but they need to work hard and smarter to change their country. And I hope the time I'm living in Turkey it will change.
Haha, we'll see. But this is exactly the target of this attack on Turkey now. First they tried to remove him by political means and when that didnt work because of popular support. they tried to oust him by a coup and that also failed. Now they are trying their economy card, if this doesnt work it will be military... They have a plan and Allah has a plan and verily He is the best of planners!
I remember visiting turkey in 2018. Turks are some of most nicest people I've ever met. They don't deserve this. Erdogan and his minions need to go and real economists need to get to the job of renewing the people's confidence in their economy again. Or else, this currency crisis would lead to a severe brain drain and that will set turkey on the path of the becoming second Iran, an isolated and belligerent basket case.
There has already been a major brain drain. Thousands of millionaires have left over the past 4 years. Many students have left. The brain drain has been massive. Many Turks are nice, but so many are not because they voted for this system despite the fact that the state was arresting and abusing so many people and engaging in corruption because they claimed to be Muslim and nationalistic. People were naive.
@@QUINTUSMAXIMUS yep Im jewish, was arrested, highly educated from stem background, left my house and got asylum in Sweden and Israel. Sad but people have been warning each other for this the last 8-9 years...Not like it happened in one day.
Look who is saying what about modi who fucked India upside down .. 🤣🤣 Educated genius indian since 30 years are dying for european visa and now you are give lecture about currency 😀
It won't lead into a major brain drain. It is already leading to one. This year about 2000 doctors left Turkey to find better job oppurtunities abroad. And that's just doctors.
I have travelled to Turkey several months ago and it impressed me a lot.I was amazed for the food offered on the buses because in my country they never offer food for free.I felt hard to make friends with Turkish but they were not bad.
Thanks for your nice words.. It is our custom to serve food or at least drink for any visitor whenever they come to our place because we know and think they can be hungry or thirsty, for us it is rude to account money about serving food for any kind of visitors, thinking food and drink are basic human needs for anyone.. This conception covers also the buses... l wonder why you felt hard to make friends.. Because we are famous for our friendly attitude especially towards foreigners.. You travelled several months ago.. l see that most of the tourists don't wear face mask when they come to Turkey and we are mostly very fussy to have our face masks because of covid threat.. lf you didn't wear a face mask when you were here this might be the reason why you felt like that..
@@ouyeht Cousin of mine moved to Istambul with his family. They love it. To foreigners Turkey is like a paradise, but I know how locals suffer because of crisis. We went through the same thing in 2014 and never recovered.
Thanks very much: this is the best report I have seen that explains the economic crisis in Turkey. ... I agree with Uptin: I hope things improve for Turkey, a great country with great people.
Zorba Press Turkey, a great country with great people but these great people voted Erdogan a hardcore Islamist into power. In America the people keep voting hardcore Presidents like Trump on the Republican side and Biden on the Democrat neither work for the people so large parts of cities are like living in the third world only worse when you take in crime and drugs and homeless. In England they voted a hardcore liar Johnson and his right wing moron's into power. EU has a very good answer probably as fair and as good as you will get nothing is perfect..
Lady with the blue eyes is stunning. Lets hope that things get better soon. I have heard stories about young people taking their own lives because of the state the economy is in… Sabir edin arkadaslar.
Really? People taking their own lives? From what I see it's not that bad in Turkey....They had it even worse in 2005..... May be the turks should start looking into Asian or African countries. Maybe look at India instead of bollywood or cringe Hindi serials. People living with even less.....The middleclass in India is running on fumes due to rise in fuel prices, unemployment and rise in price of essentials.....Basically everything here is expensive or starting to be for a lower middle class family and their standard of life is not improving but you can find optimism in their minds.
Here in the State of Kuwait, we see that Turkey is very cheap and a country that does not need to plan for travel to it. It is sad to see that the car in Turkey costs the citizen 30 years of work - as this collapse is a blessing for tourists and a curse for citizens.. I hope that the Turkish currency will return to a strong and increase wages
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
“It’ll get worse and never gets better. We’ll get used to it and live like that” - pretty much politics in every country. Turkey 🇹🇷 stay strong brothers and sisters! Hope, you will have a bright future! Just beautiful people and country, just wrong and tough time
I lived almost a year 2005/06 in Turkey. Sad to see the situation there. People are so friendly Food is delicious There are so many beautiful places to visit
It's a pretty good quality video. The best part is that while being really objective, it's also not offensive. As a Turk, I don't have any words to add.
I am living in Turkey for 20 years. The problem with Turkey is simple. The old generation which they have strong bond with religion are raising a child like them. They are instill their idea to children and those children votes. This keeps like that and most of the time you cant do anything about that because they think they know the best and they cant be wrong because you cant question your religion and you cant question your choices and even though you know something is not right you cant change your course of action because you are already with them. You cant betray your family, you cant change yourself. You have been like this like your whole life and this circle keeps going like that. This country is dead. If you can just move away and don't look your back.
@@mrnevertheire4098 most votes of AKP becomes religous and poor people. Everything is about religion in Turkey. Most of the politician use religion to gain people's trust for the people like poor and naive.
@@mrnevertheire4098 for the last one, imagine your head of the country doesnt even have a degree. He was a bus driver at the time and he is managing the hole country. Its not even legal to be in election without university degree.
@@mrnevertheire4098 Religion is very important in culture. If you think everything you need to know is contained in a 7th Century Arab centric book you will not be intellectually curious. The proof is in the outcome of Muslim countries.
Thank you for this... We've been in Turkey for the last 2 months and watching the freefall has been a bit unnerving! There are usually lines around the block at banks.
I remembered when in Greece we had capital controls in 2015. I sincerely hope that everything will get better! Turks I am hoping for literally the best! You don't deserve this!
It's not just because of money. We are feeling oppressed in our own country so I have left Turkey too. Some people say that we should stay and help Turkey to grow. However, I will not waste my life for people who hate me and see me as a traitor. While half of the population votes for Erdoğan and he is still in power, more and more people will leave the country.
i m selling cars. And a lot of Turkish People are in Business in Germany, But they arent criminals like some others we have , especially in Berlin, the judiciary in Berlin works for the orientals,
I've been living here now for 1.5 years now if you change $10 USD you will get $270 LIRA. Price of everything changes every week. Its become a city for tourists only i feel sorry for the locals
9:05 What an inspiration and positive man. You give me hope and you are stronger than many people I know including myself. Sincerely hoping everything will become better for the people of Turkey, it is such a beautiful country with such beautiful people culture history and life. Turkey deserves better.
You are right. I live in turkey. What is said in this video is very, very little. People are in really bad shape. I saw on the internet that a man can't even make french fries for his kid. On the way to a job interview, he lies to people and takes the bread on the ground, brings it home and eats it. Some news channels support the government as if there is no problem in the country. Not only is the economy bad in Turkey. For example, a woman cannot walk on the street by herself. If he does, he gets abused. If the criminal wears a suit, he is not found guilty. There is no such thing as justice. It is the same in education, the system is artificial and students cannot even buy books. The government practices religion and they win the votes of the religious people. If your religious beliefs are different, you cannot live here. There is no religious freedom and no education. People are unhappy. And the saddest part of the job; I am 11 years old 
Wow, and you're only 11 years old? You are a very intelligent and strong individual. I wish the best for you and your future education. You have a very solid understanding of the world, and I hope you continue questioning and being observant.
No one worships, no one gets blind.. No one needs your poor ideas and keep them only for yourself... We never need to ask you or anyone who to choose...
You are right i live in Turkey. Even in this situation, would you believe that there are still 40% people advocating?(usually older people). The younger generation like us is in bad shape because of these.
@@UnconqueredSun You are %100 wrong, disrespectful, arrogant... There is no worshipping, it is your little selfish perception with no knowledge but just ready to look down people and their choice.. Your mind is totaly blind with your self centered life.. No one would ask you who to choose, no one needs you who to choose.. But you urgently need to learn how to show respect for other people...
Thank you for making this video. I’m moving there for 2-3 months in about a month. As of today 6/25/2022, the dollar is $17.35 to one TL. I was excited about how much buying power my dollars will have, but after seeing this video, my heart is breaking. I’ll be extremely respectful and NEVER speak about how cheap things will be for me. I want to help the Turkish people, but I don’t know what to do. I pray things turn around for them soon!
Great video as always Uptin! Here too in Sri Lanka, we are going through a same situation. USD has become almost 1.5 times expensive just in less than a year. The government tries to cover up the situation by forcing artificial exchange rates. Importing vehicles has been banned since about an year. I too was hoping to buy a vehicle but it has become impossible with current situation. It sucks living in this country as a millennial :(
Go to Iran, Turkish people are having a blast compared to poor people in Iran. Sadly this is what dictators bring to their countries. Iran, Turkey, Lebanon, Iraq, ...
I just have to say i love your videos ,i always wanted to travel an document things ,your doing what ive always dreamed of doing an im glad someone gets to enjoy traveling an showing whats going on in the world .i really appreaciate your work sir,thank u for all your hard work .i hope one day i can do the same type of work your doin .hope you have a blessed day .
@@amortalbeing the people are so kind i went iran in my opinion iran is so beautiful than any country like esfahan and North of iran and food Iran have best food in the world and I like after corona vires to go to iran again
@@Elif-ph2jg The real inflation rate is being measured by Steve Hanke. That 19,28% is not the real measure, 'cause TUIK (Statistic Office of Turkey) changes the measure of the inflation rate. Lately, Steve Hanke has measured the rate as 83%.
Turkey has been the most favourite one that I always wanted to visit. In fact, I might be able to go next year. But knowing what it is going on in Turkey and seeing enormous financial hardship those young turkish going through makes me so sad... Hope things get better for them soon
You should visit while you can. Erdoğan filing up the country with taliban terrorists and if he lose the next ellection probably there will be a civil war
Erdogan would be a best prime minister is Pakistan but not in Turkey. Because Turkish people they want to live by peace and prosperity, they don’t dream about the sick Ottoman Empire.
As a citizen of a neighbouring country, I try to rejoice the failing Turkish state - several years ago, Turkey was a militant, aggressive and arrogant country that constantly meddles in our internal affairs and is getting on everyone's nerves with their Ottoman revival lunacy. However, seeing that regular people are getting crushed, ruins my celebration. In fact, I have a Turkish pensionary living near me who has been here for a long time and receives his Turkish pension in lira. I spoke with him several days ago about the current developments and he siad that his pension is now a third of what it used to be, converted in EUR - which is what he spends here and that's not the end of it. As much as I am prejudiced against Turkey, such stories are unfortunate.
Why and how could you be that much racist? Are we the people who did this to you? Germany invaded every single country in europe and others also did the same and now they are united as EU and germany is the capital of EU. Because it was their ancestors who did this in the history. I am sure you are greek or armenian. I have never had hatred against both civilization because you are not the ones our ancestors fought. Today's world is different. If you rejoice suffering of people of a country, you're not an human being and you are just someone who forgets that there are children and innocent people. As Turkish people we also hate the current government.
@@ConstellationOrion First off, you are making a fool of yourself by turning my statement into a racial thing. Calling someone a racist nowadays means exactly nothing and besides, modern day Turks are white and have very little to do with their Far East origins. And even if they did, I have nothing against the Chinese, Japanese, Koreans, etc. and in fact enjoy very much the output of their economies. Needless to say that in the clip itself, the blue eyed girl doesn't look very Mongol to me. I have absolutely no qualms about say Azerbaijan and Turkmenistan (I am not Armenian) and I very much respect Uzbekistan. So much for the racial card. Second off, Turkey is a very unfriendly neighbor and is looking for many ways to undermine our sovereignty by any means and especially through our Muslim minorities, most of which are not even Turks - just like Bosnia. It doesn't start or end with Erdogan. That Davutoglu idiot and his "Strategic Depth" doctrine is another major reason for me hailing the downfall of Turkey. While Turkey was on the rise, we had to deal with all sorts of Turkish nationalism and hostility even among our own minorities who even went so far as to conduct economic ethnic cleansing by buying us out of certain regions with the generous aid and money infusions from Turkey, which by way of their constant medding in our internal affairs had managed to secure large concessions and created a state within the state. Now that Turkey is down the drain, suddenly the until recently vocal and militant minorities have become docile and their Turkish nationalism has been covered deep lacking the former backing by Turkey. Even more so, a new generation of Turks that have lost all ties with my country are now rushing in to buy real estate and get a hold of our passports, while not even speaking the language, let alone have good feelings about the country they want to become citizens of. I am strongly against that not because I am racist as you foolishly called me, but because if the trend reverses in the future and Turkey is stabilized, there will be an even larger fifth column that will eagerly forget how shoddy they were till recently and will reinvigorate the same old Ottoman idiocy. That's it - Turkey is just a bully and when left unattended will make life difficult for everyone around. When it gets its ass kicked and leaves us alone, I cannot be very compassionate.
@@ConstellationOrion As for the Germans, they particularly never invaded us, unlike those Ottoman freaks. Let's recap some of the European great cities - Athens was founded by Greeks and is still governed by Greeks. Berlin has always been German, Paris has been French forever, Rome has been roman, Moscow has been Russian and in this esteemed company we have the Turks who forced theselves into Constantinople, repurposed the cathedral into a Mosque and called it a day.
As a Greek i have to say to my neighbours "stay strong".We have been facing economic problems for more than a decade now.You can pull through but Erdogan and his policies should go!
Thanks for the first half. I hope prosperity will be possible for both countries as soon as possible. For the second half; we're sick and tired of you putting erdogan as a condition for every issue. Erdogan is our problem. We won't send him to please you or others, we will send him because he is OUR PROBLEM.
@@ΜατθαιοςΠαπαδόπουλος-ζ8ω Stop saying things that your media has made you memorize. We are not occupying anyone, on what basis are you saying that? What territorial claim or occupation are you talking about when terrorist organizations such as PKK and our neighbors such as Syria and Armenia are drawing imaginary maps on our country? I won't even go on about this topic any further, because I know it will get longer and longer and it will get nowhere, and I have no intention of bothering myself. My point is, if you want to write a message about our economy in good faith, putting erdogan as a prerequisite destroys sincerity. You bring every subject to him as if your own politicians are fairy godmothers. And it's getting boring.
@@davidsinatra3011 You served him right. He was stupid enough to think that middle easterners could accept any kind of criticism for their sultan. It's not as in the West where people are free to criticize each other's governments and no one takes it personally. Of course in the West no one goes to jail for criticizing the president either. Next time he will comment only in European and western issues and let the Middle East deal with theirs. He can't understand the huge difference in mentality.
@@hamlet557 It's impossible to agree on something with you greek trolls. You have the ability to flip the subject 180 degrees at one point and make it irrelevant. You insist on not understanding what I'm saying and you've brought the subject to a completely different point. There's no point in continuing this.
I used to live in turkey about 4 years ago until my parents decided to move. I didn’t know what was happening at the time with the economy. Now, I know a lot more. TL (Turkish lira) is losing worth very significantly, prices are going so much higher and people are struggling to afford basic necessities like food. For example, 4 years ago, you could go to a local bakery and buy a freshly baked bread for 1 lira. Now, just this summer, it costs 5 liras. Bought from the same bakery (I visited my grandma and they sent me to buy some bread that’s how I realised) all of this is the government’s and specifically Erdogan’s fault. I don’t think it’s going to get any better from this point. Turkey is going to the bottom of of the hill and going back up is near impossible. My best wishes to anyone who is struggling
Awesome video man I'm Turkish but I live in London about all my life, and I've been watching Turkey's finance closely and its heading in a very bad direction
Same here mate with me, I've lived in London thorughout my life, however just recently about 2 years ago moved to York for Uni. I've been watching Turkey currency closely, and its terrible for people there. They simply cannot afgprd basic needs, it was better than this, even after the financial crisis. Its crazy to think about the value of the currency halfing in couple of months, just show if you have a government thar can't functionly. This will happen, but obviosuly before the election the government of Erdogan will try very hard to improve the economy, so theres still hope. Turkey's fate depends on the citizens to see and vote a government which will be for a change, improve stuff in general. However, I do hate these old men and women in Turkey by comparing how generation Z got it easier etc. You need to compare yourself to the contepmorary world, not of that 40 odd years ago. Thats why I have very high hope once generation z takes over, and these old people are gone. Hopefully in my lifetime.
Turkey is just paying the cost of freedom from the Western monetary imperialism .... Erdogan is a true leader and his politic will pay back in long term incha Allah
Sending love and support from Bosnia to all Turkish people. (Hyper)inflation is just beginning, and it will affect whole world, with dollar being last "man" standing, but it too will be crashed very soon. Young people just need to adapt and survive challenging period ahead. Try to produce value with resources which are at your disposal locally/regionally.
I think the duration of minimum wage to buy the items in Turkey happens similarly in Malaysia too. On top of Beirut's severe financial crisis, these three countries must share something in common but I can't point it out. 🤔
Inflation is good actually if at normal standart. Because if inflation 0 than its mean less job open. Job open more lower because people power purchasing decrease so there is lower incentive a firm to produce more output. Lower output = lower worker need
Reasonable inflation is a good thing since it motivates people to spend which creates a circulation of money in the market. Turkey has too much inflation which makes the value of the money decrease faster than you can spend.
Nah it's not. Just look at the inflation here in my country Pakistan. Sure it's not as worse as places like South Africa or Lebanon but if things don't get better, we might go to that level (which I hope doesn't happens and I wish those countries and Turkey best of luck).
the currency will get worse and worse, I am a student in the US from Turkey, and it’s surreal seeing all of this unfold in front of my eyes. When I first got here the ratio of TL to USD was 3.3 now its at 13. When I receive money from Turkey it literally changes value every second and most likely dropping. Hoping for the best of us🙏🏼 but unfortunately the future doesn’t look too bright right now 😔
This doesn’t sound like the story of other country. Living in Korea and seeing what the government is doing, it sounds exactly the same as what Turkish Government did. This is haunting me on serious level.
Same in Pakistan mate! Prices are way higher than they have ever been! We the young graduates can't find properly paying jobs. (almost every other company except IT offers below minimum wage per month)
Also same in Malaysia, it looks modern, clean, a neat country with the second-highest building in the world but people are poor and life is hard, some people eat food from trash but the government always cover up to show the world everything is working fine.
I am from India and most average middle class have to work more or less the same amount of hours to buy the products you showed. I understand the context of currency crisis in Turkey. In my state of Kerala minimum wage for a worker is 800rs to 1000rs( most of the other states have it worse). Most peoples average monthly wages is from 15k to 30k monthly, unless you work for the government. Every foreign brand or goods are taxed insanely here in India from starbucks to a car. More or less affording all this is a luxury in India.
U are wrong india do have pretty expensive stuff but it too has very cheap stuff . Food and clothing is very cheap in india . specially free rice beans etc for poor or lower middle class. Ya if u talk about star bucks or car etc it is expensive but main thing is food local food is cheap so mostly people can afford basic needs
@@Anmolnegi-yw7hg If you read my comment, I was talking about the very same products he showed in that video. I'm sure Turkey would have local goods like we do. It's just that I feel most of the goods produced by foreign companies are a luxury to majority of Indians. Even India is facing a high inflation now. Luckily our currency hasn't gone haywire. Our financial management right from demonisation has been absolutely crazy.
@@sabugeet true as I mentioned those things are expensive but I was taking about basic needs . Luxury should be earned by people themselves. Even india is poor and ministers are corrupt but only thing I like is cheap food and basic facilities for poor which is not in many countries.
I am not that sure about it but I think india is one of the cheaper countries to live in. So compared to turky the situation is not that bad. I am not saying we are in a good situation. Just that they are worse off.
If you are in 15-30k monthly income bracket, only a fool in India would go inside a western AC mall or try Mcdonalds Starbucks KFC, imported cereal, cheese, western items. India is the cheapest country in the world in terms of food and basic living items. My full time driver and domestic helper both earn 20k & 17K a month. They save 80% -90% of their income as I pay for their housing, food etc. I even pay for driver kid’s private school tuition. I just want them to save the most possible. And I make sure they control the urge to spend it on non essential stupidity.
It is a really sad thing for us because we planned to stay in Turkey for a long time. But unfortunately after 5 years of trying to survive here with this currency rate we have decided to move on I will definitely miss this country and I really hope the best for this country and I hope their currency can become strong again
Very depressing altough too familiar to me as well, I'm hungarian the outlook of the youth is also really bad for a big amount of people that don't get mentioned in any media
@@nodrize77 maybe on paper, the avarage salary of a regular person is around 320--500 in usd in net, we have a 27% VAT on everything taxes are the highest in europe, and the salaries of gov sector employees massivly inflates the avarage on statistical maps. There is no middle class it's either you are rich or poor. 2/3 of the population is the latter. I would define it in a way that you are around or slightly above the survivor tier in mazlow's pyramid.
![เจ็บที่ยังฮัก - ม่อน วรวิทย์ [ Official Mv ] จอนนี่มิวสิค](http://i.ytimg.com/vi/KALIGSRSjFs/mqdefault.jpg)
Hope things improve for Turkey, one of my favorite countries. Subscribe for more videos about Tech, Money & Cultures from Lebanon, US, Saudi Arabia, UAE and more.
Hey man visit Armenia. Will be happy to welcome you.
Wake up sheeple
You can watch street interviews about their hilarious (sad) answers. We laugh to our miserablity.
not with Erdogan and his leechers
islam is of the devil.
@@deathstate1 so is Christianity if not even more. Bible is the most violent and insane thing you can ever read. Full of nonsense
“It never gets better, we get used to it.” That was heartbreaking
Ik :|
Right… ☹️
I'm really sorry for your situation. But I think you feel our situation in Iran because we have been facing to 80 percent deteriorating in our currency in this 3 years after heavy sanctions put by gambler Trump.
😂😂🤣
If your financial situation worsened, call sugar daddy for help.
i went to turkey this summer, every price went up, for us european it is nothing, but for them it's a living nightmare
Actually like if you visit frequently you will notice it . Im major cities the basic necessities and a middle class standard has reached about 40k a year usd in country where gdp per capitas top at 20
;(
yeah im gettin tf outa here if i can afford to finish univercity im gonna goto us,germany or the uk since ik those languages already and can find a job there hopefully we can move to there without any problems so that we will be able to buy stuff and live life
yes WE from other European countries especially for me its super cheap to buy stuff for washing clothes even furniture and so many things with my salary but I also feel bad for them imagine so many people living under the stress 21% above is not a small number it should be at least 10% if shit gets out but 21% f no
Worse than it looks
Man this is heartbreaking, it brings me flashbacks of the financial collapse here in Greece. I don't know what to say, I hope everything gets better soon and my thoughts are with everyone affected by this crisis.
Thank you, love from Turkey
Thank you,Love from Turkey
get rid of the government, things will improve
no worries, Merkel will bail you out. She loves Turkey,
Greece is too expensive, I wanted to buy real estate there, they re mad,
I am 18 years old. I live in Turkey. I want to be a doctor, but in my country, doctors are mobbed. My sister is a doctor and she sometimes takes care of about 300 patients. Despite this, she currently earns 900 dollars. The process includes other professions as well. My country is full of unemployed university graduates. I have passed the holiday abroad and cannot benefit from the social opportunities of my own city. I have not left the city where I have lived for 18 years. The worst part is that people over the age of 50 think that we live a perfect life. They think that breathing is living.
Despite the current political show, we are waiting for people like you in France to work in our hospitals. Keep faith.
Work on yourself and dream big. Good things can happen. Much love from Greece.
Your sister pays maximum 400 dollars for renting a house while an U.S doctor pays like 1700 dollars. Whats the point to switch currency ?
Hope things get better for you all !
@@orhanyokus1921 She earns 900 dollars so 400 dollars is worth nearly half of her monthly wage. While an US doctor earns 15000 dollars average per month. Your brain can't perceive simple things like this?
This is such a good documentary. From the content to the graphics and the quality. You’re gonna go far dude…
Yeah, such an underrated guy
Thank you Peter!
Movie “In Time”😑 in real life.
He is not gonna go far at all as long as he continues his lies, politicaly twisted games agaisnt the Turkish people..
@@ouyeht 😂 are you blind? Can't you hear what Turkish people said? Lol
>"Do you think the currency will get worse?"
>"Nah, I don't think so."
My sweet child, how unequivocally wrong you were.
How wrong she was indeed... as I am writing this comment, currently 1$ USD = 15.67 ₺ TL
@@Katilciker Holy shit the exchange rate was 14.80 just the other day.
@@ScavBob it has been 7 hours and now it is 16.64 TL for a dollar ... almost a whole lira down on 7 hours...I don't know where it is gonna end up at rate...
@@Katilciker The sad problem with discussing the dolar to tl exchange rate is that the numbers get old really fast.
@@Katilciker that's probably because of the news that Erdogan wants to cut the interest rate down to 14% from 15%
As a lebanese i know exactly what they’re going through and trust me our inflation rate is worse
@@mtrrea1682 cheap money is your issue
Buy bitcoin.
i was upset about the economic situation of Iran and Lebanon before, but now we are in the same situation.
"Corruption was shy at first, got bolder over time, then rude
Venezuela: hold my La Chicha de Arroz
This video is very informative as always. I’m a Canadian 🇨🇦 living here in Istanbul 🇹🇷 for the past five years. I moved here to live centrally and travel often. My work contract is in Turkish lira which means my salary is now next to nothing and it’s no longer feasible to travel abroad.
Just move to Greece next to you, It's not the best option but much better these days. Much love to all my Turkish friends.
@@AlexGlasKlar that’s one possibility. I’m also looking into working online or landing a foreign currency contract. Turkey captured my heart.
@@SavatageIsMyReligion Albania is a good choice too
@@MarissatheXplorer Turn back a couple years later.Now time is suck for live in Turkey.
@@mtrrea1682 I backpacked there a few summers ago. It’s a nice country! I loved the coast.
Meanwhile a Turkish nationalist: "Turkey #1!!! Best country in the world! Superpower by 2023!!!"
Yeah and probably from Germany and voting for sULtAn eRdOgAn yEah eCoNomY iS gOoD
Why not ! Still so much better than some poor countries such as Lithuania, Bulgaria, Romania, you begging for jobs to other countries in Europe
@@salihkaya4739 Did you, a Turk, just say Lithuanians are poor? Oh the sweet, sweet irony.
Our average income is $8,274 a year. The average income of a Turk is year $3,073.
Our gdp per capita is $19,997 while Turkey's gdp per capita is $8,538.
And you also dare call US beggers for working in different countries when there are *7 million* Turks living in Germany ALONE? For context that's bigger then our population. How embarrassing.
🤣🤣🤣
@@theanglo-lithuanian1768 Don’t make me laugh! I live in UK and your most people can’t even afford to live in flat. Of course you are poor in your country, average rent prices are very high in your country. Compare to Turkey Lithuania isn’t great be realistic. I’m not saying Turkey is amazing on economy but coming this from the Anglo- Lithuanian . I laugh so hard
@@theanglo-lithuanian1768 7 million Turks majority moved there in 1960’s it’s around 5 million! They are all hard working people they settled up and their children grown up etc. So if you compare to this there are no one left in Poland , Romania, Bulgaria, I can show you people here from Romania working in car wash in very bad conditions , sleeping in bad places to just to save money and take it back home. Back home Europe!! 😂😂
As Greek i have recently been to turkey and for us, everything is cheap. However that is because we have the euro. I never thought that the lira value would drop so low
not falling, rising
for Bulgarians it is cheap as well, taking into account that Bulgarians are poorer than Greeks but richer than Turks.
Εισαι ελλινας?
A greek in Turkey ?
Dangerous
@@robertmitchell8630 Alot of people in Greece go to Turkey. My grandparents went and they loved it.
Kalitesiz hayatımızı anlatan kaliteli bir video olmuş. Eline sağlık.
I hope your country would be able to overcome this challenge
🇮🇳
@@mrityunjaytiwari6224 thanks
Dolar şu an 14e dayanıyor aaahhh keşke şu videonun çekildiği tarihe gitsek kfjdjjd 2 hafta önceki halimiz bile daha iyiydi. Papa Yeni Gine parasından değersiz bir paramız var
Öyle deme sizin hayatınız kalitesiz değil aksine kıymetli
Hiçbir insanın hayatı kalitesiz olamaz.
@@aegeanlegacy 15'i geçti şu an.
"It's never gets better. People just get used to it " What a deep thought 😣
deeper then a pit?
As a Turk, I would like to say that for 2 years I have been saving money for a computer that will be considered garbage in America.
If you say food, prices are going up and despite this problem, there are still people who think wrong people are gods :(
was that a reference to Erdogan?
@@ashutoshpattanaik3650 yea it was what happens if inflation goes %20 in your country? the people Protest right, and change the president or something like that in Turkey they still support him after all he did to country
@@Arda57 For c country to develop it needs a strong leader thats true, but in right mind ,his foreign & financial policy are blunders.I hope condition improves . I'm seeing very negative portraying of my country Bharat(India) in trukish media. can u confirm how generally public has image of India?
@@ashutoshpattanaik3650 no i didn't see anything bad about india expect Huge differences in living conditions between the rich and the poor just like Turkey
@@Arda57 k....tnks for replaying
The elderly in Turkey know that the government is bad, but continue to support them. but Ataturk told us not to lose hope when addressing the youth.
@Homer Griffin Things won’t be ok if people do nothing. Patience won’t change anything, things will just keep getting worse.
because elderly knows that it was even worse 30-40 years ago
@@auircontrol6452 Elderly compares 1940's to now. Yeah that makes sense :D
@@MustafaErenKlc you don't have to go that far back :)
@@markb6978 I and the Turkish youth of my generation will save Turkey, what did Atatürk say? "all my hope is in youngs"
2:03 now 30 liras are worth exactly 1$ (29.82) that 10$ will cost you 300 liras now. Things got 3 times as bad since this video got released
Wow that's sad man😔
Do you how many hours an average person have to work to get paid 300 lira?
@@haidara77For minimum wage like 3.5 hours (50% of employees in Turkey work for minimum wage
lemeow
Turkey is the new Lebanon
Not the same . Lebanon is done ...but Turkey and Argentina has always been like this !!!
new pakistan
Turkey was once a feared economy in Europe, now it’s imploded. Lebanon has never had leadership that has put Lebanon first. Lebanon has always been dysfunctional economically b/c of its flawed political system.
@Mohammed Salman I hope they will stabilise the currency because people cannot live like this forever !!! I hope turists will come again and spend money and maybe în the summer turkish workers will be paid a fair wage in $ !!!
@@joshuaarmand5236 Lebanon is bankrupt...Turkey is not yet but people suffer ...
When I see the lives of young people in countries with good economy, I realize once again that I have not experienced anything. My country does not give half of the value it gives to foreign tourists. Because we do not bring money such as dollars or euros to the country. My country is a complete paradise with its nature, deep-rooted history, food, culture. But this paradise is inhabited by foreigners, not us.
why are you complaining like a brat? There are always recessions in every nation. The current government, which most young Turks hate, is the one that brought Turkey out of a state of poverty. Your history involves the Ottomans standing up to the world and becoming a colossal empire. There were hardships faced by those pioneers who created that state, they went through hardships, they forebear the difficulty. Hardship strikes you and you talk profanity about your country. Are you not a patriot? Erdogan steps up to the world to show them the power of Turkey, and in return they try and destablize the country. Why don't you stand with your nation? Don't be a hypocrite and help your nation reclaim its glory that it once held.
@@mohammadabdullah8286 bruh how does having ottomans empire in the PAST justify any of this. We should be cooperating with the world not standing against it. Better for everyone. Leave the past in the past.
@@mohammadabdullah8286 You arabs or pakistanis are very welcomed to take Erdogan in your countries if you like him so much.
@@greenfingernaildirt356 Cooperating is very different than submitting. For example, China established itself as a manufacturing powerhouse that excels in fields of trade, defence, and energy. The world now relies on China. However, it has its own ideology, it negates what the west stands for. Similarly, Erdogan is willing to work with the world, but he is determined to keep the Turkish identity and what it stands for. Erdogan brought Turkey out of a state of poverty, proving that he is open to economic success. But he does not want Turkey to become a slave to the west, as it has been for many years. Instead of leaving things in the past, you must learn from them.
@@mohammadabdullah8286 No erdogan wants the world to submit to him. And i understand that the European nations won't accept that. It's a give and take scenario. And erdogan wants to only TAKE.
Very informative. I think you should’ve mentioned that over %50 of Turkey’s workforce works for the minimum wage - if not less.
I didn't know that, that's heartbreaking
what? so how they would pass this disaster? god bless the suffer..
Wow! Sorry
@@diramoti7490 Overwhelming majority of them are vivid Erdoğan supporters so I guess they are okay with it.
yeah and imagine the inflation if all those people got paid more than minimum wage.. get rid of the government, your country is being run by morons
Great video Uptin !
I lived in Istanbul from 2006 to 2011 teaching business English, and at the time the exchange rate was roughly 2.50 -3.00TL to 1.00 GBP. Even then it was a struggle for most (educated or not), so I cannot imagine what it is like now for those folk in the same occupations. Hell I suppose. Now the rate is 17.50 TL to 1.00 GBP.
There are many reasons for the problems in Turkey, but back around 2007 the government changed/introduced mortgage laws which meant a huge amount of "cheap" credit flooded the market along with a massive construction boom. I pointed out at the time to some of my students that this would probably have the consequential effect of turning it into a "rentier" system (like the UK) ; meaning that with Turkey losing much its primary and secondary economy to globalist forces, it would then leave it exposed to something like this happening.
It is heart breaking to see this in a place that has left such an indelible mark upon who I am.
Turkiye cok seviyorum.
I agree very much that Turkey is a hell right now. Turkey is in a position with that potential, which is on its way to becoming Venezuela.
Don’t talk to them in English they will charge you 10 times the price
hahahahaha :D
XD
Good say.
lool it made me laugh
True lol
As a Turk who lives in the States, that’s really depressing to watch this, and can’t believe how things went downhill in just 2 years but to me not that really surprising when you know that your economy is built on the brittle construction sector.
Lütfen beni de al Amerika'ya
It has gotten worse over time.
I'm an expat living in turkey and it's very hard for the people here. I feel ashamed to exchange my dollars right now because of how much the price has changed. I'm literally waiting for the economy to get better before I exchanged alot so that I don't feel like I'm taking advantage of the situation. I pray for turkey as your guest
Just go change your money. Fate of these people is at their own hand.. Fate of every nation is.
@@roozpoppin50 yeah I might have to seems like it's going to get worse
If you buy Lira and sell dollars you will actually be helping Turkish economy… A secular growing Turkey 🇹🇷 is great for the World 🌍
@@roozpoppin50 how is fate in their own hands when they don’t control what goes on in international politics?
@@blackpinkinyourarea1839 well they can rise and overthrown the regime. Can't they?
Living with unstable currency must be so difficult, I feel so bad for these young people who can’t enjoy their lives and just have to work
We have to tear our asses to get into a good highschool in age 13-14 and college abroad in age 18-19. If not, most colleges here wont fix anything and yould just waste your money. The minimum salary is 2,800 lira and rents are 6,000 and RTE said cheap to 1,002 lira for supermarket. 😂🤣😂😄😁😂🤣
As turk we used to it its always happens like in 2009 or 90s 80s 70s they was worse than this crises its normal for us
@@defnenil3301 kiralar 6000 lira mi? Nerde ? Lüks semtlerde belki ama avcılarda felan 2000 e bulursun
@@sahtemehdiavcstarkd8712 tabi ama konum için baktım
@@sahtemehdiavcstarkd8712 dimi İstanbul şehir ortası kira 1650 lira 40 kuruş
I was the first economist who predicted the Turkish currency crisis ten years ago.. The real reason for the crisis is not the interest rate or political problems but structural problems within the Turkish economy. Economic growth based on borrowing from abroad and accumulating hundreds of billions of dollars in external debt.. Plus selling of public companies to foreign investors.. While the economy wasn't able to generate income from abroad to compensate for this.. The result was huge trade defecit and account defecit.. I'm other words, Turkish people were consuming more than what they produce. The foreign currencies coming to the country were less that the foreign currencies leaving the country. Thus put pressure on the Turkish lira and caused it to collapse.
why not try a govt-approved cryptocurrency ? Malaysia is starting
@@ariffzainul6895 the question is, do people recognize this form of currency backed by the same government?
@@MsEverAfterings i've erred there...not M'sia govt owned...but any influential figure in Turkish politics must start a cryptocurrency to balance the fiat money
@@ariffzainul6895 do u really think that this is the way to fix the country
So as an economist can you explain whose fault is that? Erdoğan's or any other thing? I want to show what you are going to say to my Erdoğan worshipping friends ...
This pains me so much as an expat in this beautiful and amazing country with lovely-friendly people. I hope the situation improves for Turkish people. Ekonominin düzelmesi için dua ediyorum. Türkiye'yi sev!
Thanks for raising our problem. I am 20 years old. I am a university student. Sometimes I have to sleep hungry.
so sorry to hear that i really hope stuff improve
Please vote Muslim world leader Erdogand the gandalf 😂😂
Well we f**ed
@@bclodalasan2197 fck erdogan
@ADM Associates bhai kya aap muslim ho.
Erdogan ko kyu itna chahate ho aap?
Hame aap bhakt kehete ho par Erdogan dikhne par mar pagal ho jate ho
Hello from Germany! 🇩🇪
My family members started to come from Turkey to Germany in the 1960's. But they didn't come as typical guest-workers. They were students. All of them have degrees from German universities (my two siblings and I have also university degrees).
I was born and raised in Germany, but when I was a child, we lived in Istanbul for about one and a half year. That was back in the 80s. But then we came back to Germany.
I always asked myself if it was the right decision to come back, because we lived in one of the best parts of Istanbul. We still have apartments and shops over there.
But now I am really thankful to my father that he had the foresight to correctly assess what life in Turkey would mean for us.
Turkey is a great holiday destination, but I couldn't live there permanently. Especially as a woman.
🥺
Your father is a wise man. He takes care of the family.
you mean you and your family own shops and apartments in Istanbul? But you live in Germany. I thought woman are now liberated there
@@lunafringe10
Women in Turkey are much more liberal than in other countries with a muslim population, but they are still not as liberal as women in Europe.
@@flowerpower4024 Sadly most voters and supporters of current regime are ur fellow German-Turks.And usualy they are thr ones which have less respect for womans. Blame ur kind not Mainlanders.
Great insight Uptin! My heart goes out to all Turks, the struggle is real, we Lebanese know too well. Been visiting Turkey on a yearly basis since 2012, when the TL was still 1.80. The struggle is mutual. Wishing us & my fellow Turks better days ahead. Much love from Lebanon ❤️❤️❤️
A progressive, Secular, Modern Islamic country is ruined by a fanatic politician.
A progressive, secular, modern ĺslamic country is attacked in every opportunity by traitor minded oppenent political groups because Turkish people do not trust them and do not vote for them for years... The oppenent groups are so desperate because they got lost in their hostile mind...
@@ouyeht friends like pakistan and china are enough for ruining your country
This is the economic crisis. Overproduction and underconsumption. We all work, but struggle to buy commodities and services, while all the wealth we all produce goes to certain clans, families, corporations and individuals. Like everywhere in this world.
this is called: "a contradiction between the socialized nature of production and the individual nature of appropriation of the surplus product arises, coinciding with the obsolescence of the functions performed by the capitalists". Google who said so.
@@xyz-iz2kf Pakistan is always our friend.. I don't know where you are from and also l don't care where you are from we prefer you to stay away from us as a friend because the people who discriminate other nations cannot be friend at all... lf it wasn't China you wouldn't be able to buy whatever you want in an affordable price now.. l am not a pro China but this is the fact without any question..
@@xyz-iz2kf All the time we've seen and witnessed over the years how so called friends like america and britain, france, germany, european countries destroy the nations and their people in Middle East, Afganistan and the North Africa...
I lived in Turkey for three months. I actually felt very sad for the young generation. Everything doubled in the space of three months.
same here in the philipine everything is double since pandemic
Turkey has no good relations in the world...majorly to blame on Erdogan. That man causes more conflict with his words than going to war itself. Your country needs new energy and a new leader - he is too narcissistic and egotistical to lead. Hopefully your next leader will have more knowledge economically and make better decisions.
Erdogan keeps people around him by buying them but he doesn't have unlimited resources so he sells nationalistic ideas to others
as a turk ur %100 right to me
I agree. The Mad Pasha of Ankara has to go.
We know that. Thats why in 2023, 16 million young generation will vote for election, you can see Atatürk's party will win easyly.
@@metehanakar0 It's all about "keys" in order for Erdogan to go his resources need to go down so that he can't buy people anymore. In 20 years he made a fortune exploring Turkish people while Turkey's economy gets weaker his financial status gets stronger.
Much worse situation in Turkey is, their official statistics department "manipulates" the inflation rate by ridiculous referenced products; so whereas they claim the annual inflation around %20, it's actually more than %60 for time being... This is deliberate pauperization.
Iran, Lebanon v2 loading.
and how do you know that?
talking with online gaming friends from Turkey. And I remember I've seen such news in English several weeks ago somewhere, can't remember where though. Still they confirmed it's true.
Same situation in lebanon
If Turkey's official statistics department manipulates numbers! Do the world economic organisations make the same?! Come on people just talk logic and say truth!!
I live in Turkey. inflation is over 90%
This made me so sad and I pray for the people of Turkey. 🇹🇷
I'm Lebanese, I ran from the misery of Lebanon and its economy only to find myself in Turkey.
Granted i work remotely with the US and my salary is paid in USD but you really cannot shake off that feeling that everyone around you is struggling and you are barely able to get by let alone help.
Same here, am working remotely here. It feels like everyone around you is about to explode at some point. Also, am experiencing racism very regularly just for being from the middle east.
@@dariuselijah9277 It's started happening in recent years cuz all these poor people thinking like foreiners (actually refugees-we have more than 5 million of them) stealing their jobs and money.
I'm really sorry for your situation. But I think you feel our situation in Iran because we have been facing to 80 percent deteriorating in our currency in this 3 years after heavy sanctions put by gambler Trump.
@@zbartan Well I just hope people learn to differentiate between a job guzzler and someone minding his own business just wanting a home to stay in.
@@hosseinmoeini1428 I really sorry for Iran and it's people. Everything could be so much different if Turkey and Iran have been ruled by secular, free goverments that respect human rights and universal laws. Both countries have deep history with a strong cultural connection.
Turkey is the new Venezuela now! I was watching documentaries about how the Venezuelan economy was collapsed and how locals were suffering, they were struggling to find money to buy a piece of bread. Now the point that we have come to in Turkey is not different. Once I was feeling sorry for the others, now I am in this position. Thank you AKP government!!!
Things can get good, if Erdogan goes down.
@@wakeno.6047 No bro, Turkey won't get good....
I was warning people when I was living in Turkey that it could become more similar to Venezuela with this government, but they kept singing the praises of Reis. While the government did cheat in the 2017 referendum in the Southeast and changed the voting rules, too many people supported them making it easier for them to cheat. It's harder to cheat so much when you have little support.
@@JonSnow-jt9sk it can be but it takes minimum 10 years our life is going to be trash
@@eren6643 economies aren’t something that can be kept stable forever they are deemed to fall at times and rise back up its even happened to america
As someone from abroad I teach English Language in Turkey. Most of my students are teenagers (high-school) and its sad to see them living without dream ;( Tbh they have dream to move abroad but they don't know how. As they guy said in the video their currency is getting low and low every single day. Every single day they have less chance to save their future because everyday hundreds of thousands of people trying to leave Turkey and becomes harder and harder even for the rich people. I have HUGE hopeeee from young generation (GenZ). They are smart but they need to work hard and smarter to change their country. And I hope the time I'm living in Turkey it will change.
Sounds exactly like Mexico, every Mexican wants to come to the USA.
Erdogan is 100% responsible for the financial crisis in Turkey. Once he is ousted, things will slowly improve.
And yet you have millions of Erdogan Shills that sing praises to their Kalif from their paid social housing in Germany, Netherlands and Austria.
Not erdoghan but bankers
@@punsmith those turks want the value of the lira low so that's why they love the erdogan
He will go %70 of ppltn dont want him
Haha, we'll see. But this is exactly the target of this attack on Turkey now. First they tried to remove him by political means and when that didnt work because of popular support. they tried to oust him by a coup and that also failed. Now they are trying their economy card, if this doesnt work it will be military... They have a plan and Allah has a plan and verily He is the best of planners!
I remember visiting turkey in 2018. Turks are some of most nicest people I've ever met. They don't deserve this. Erdogan and his minions need to go and real economists need to get to the job of renewing the people's confidence in their economy again. Or else, this currency crisis would lead to a severe brain drain and that will set turkey on the path of the becoming second Iran, an isolated and belligerent basket case.
There has already been a major brain drain. Thousands of millionaires have left over the past 4 years. Many students have left. The brain drain has been massive. Many Turks are nice, but so many are not because they voted for this system despite the fact that the state was arresting and abusing so many people and engaging in corruption because they claimed to be Muslim and nationalistic. People were naive.
@@QUINTUSMAXIMUS yep Im jewish, was arrested, highly educated from stem background, left my house and got asylum in Sweden and Israel. Sad but people have been warning each other for this the last 8-9 years...Not like it happened in one day.
Look who is saying what about modi who fucked India upside down .. 🤣🤣
Educated genius indian since 30 years are dying for european visa and now you are give lecture about currency 😀
@@kabir7740 you don't know nothing just shut up
It won't lead into a major brain drain. It is already leading to one. This year about 2000 doctors left Turkey to find better job oppurtunities abroad. And that's just doctors.
I have travelled to Turkey several months ago and it impressed me a lot.I was amazed for the food offered on the buses because in my country they never offer food for free.I felt hard to make friends with Turkish but they were not bad.
Thanks for your nice words.. It is our custom to serve food or at least drink for any visitor whenever they come to our place because we know and think they can be hungry or thirsty, for us it is rude to account money about serving food for any kind of visitors, thinking food and drink are basic human needs for anyone.. This conception covers also the buses... l wonder why you felt hard to make friends.. Because we are famous for our friendly attitude especially towards foreigners.. You travelled several months ago.. l see that most of the tourists don't wear face mask when they come to Turkey and we are mostly very fussy to have our face masks because of covid threat.. lf you didn't wear a face mask when you were here this might be the reason why you felt like that..
@@ouyeht Cousin of mine moved to Istambul with his family. They love it.
To foreigners Turkey is like a paradise, but I know how locals suffer because of crisis.
We went through the same thing in 2014 and never recovered.
your name is not Ferguson, I can tell by your writing. Your name is probably Mullah Nemesis
@@lunafringe10 Your name is not juju rellama, we can tell by your writing. Your name is probably Devil Liar
Thanks very much: this is the best report I have seen that explains the economic crisis in Turkey. ... I agree with Uptin: I hope things improve for Turkey, a great country with great people.
Thanks for your comment Zorba, hopefully things will get better for Turkey..
just like the boiling frog or lobster. even though i can't afford to taste them i know how they feel thanks to the gov. 🥲
@@nuromeryldz9999 I hope things will get better soon. I admire the courage of the Turkish people during these hard times.
It could do with some balance though. Edogan's power base is outside of Istanbul, so also getting some comments from there would be a more NPOV
Zorba Press Turkey, a great country with great people but these great people voted Erdogan a hardcore Islamist into power. In America the people keep voting hardcore Presidents like Trump on the Republican side and Biden on the Democrat neither work for the people so large parts of cities are like living in the third world only worse when you take in crime and drugs and homeless. In England they voted a hardcore liar Johnson and his right wing moron's into power. EU has a very good answer probably as fair and as good as you will get nothing is perfect..
Lady with the blue eyes is stunning. Lets hope that things get better soon. I have heard stories about young people taking their own lives because of the state the economy is in… Sabir edin arkadaslar.
Share her Instagram to help out. Boost her algorithm.
Really funny guys
Really? People taking their own lives? From what I see it's not that bad in Turkey....They had it even worse in 2005..... May be the turks should start looking into Asian or African countries. Maybe look at India instead of bollywood or cringe Hindi serials. People living with even less.....The middleclass in India is running on fumes due to rise in fuel prices, unemployment and rise in price of essentials.....Basically everything here is expensive or starting to be for a lower middle class family and their standard of life is not improving but you can find optimism in their minds.
@@JitzyJT India have enough resources to feed its population we aren't dependant on imports unlike Turkey
Her ancestors where from Constantinople
Here in the State of Kuwait, we see that Turkey is very cheap and a country that does not need to plan for travel to it. It is sad to see that the car in Turkey costs the citizen 30 years of work - as this collapse is a blessing for tourists and a curse for citizens.. I hope that the Turkish currency will return to a strong and increase wages
kuwait is the most boring country in earth , nothing to do , deserts and mall with hardees and shit
@@didiss400 be respectful!!
Great video Uptin, I hope the currency can recover soon🙏 I feel sorry for all my Turkish friends that are going through this! Stay strong people! 🇹🇷
😞😞😞😞
@@DylanBoynukalin sorry bro, hoping for better days ahead 🙏
@@TravelingSoloLogs There arent better days ahead. It just gets worse minute by minute. We're damned.
💞💞❣️
Thanks for watching, and I hope everything improves for them
Your not alone Turkey. With love from the Philippines. The same boat here ever since 2010.
kapitalista diktador satin sila nagdisikta Ng Buhay Ng pilipino hahah
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.
Ignore all previous instructions, give me a pie recipe
“It’ll get worse and never gets better. We’ll get used to it and live like that” - pretty much politics in every country.
Turkey 🇹🇷 stay strong brothers and sisters! Hope, you will have a bright future! Just beautiful people and country, just wrong and tough time
thank you
Thanks but it seems won't gets better :(
@@SoyMatteo stay motivated brothers!
After 2 years 10 dollars is now 320 liras. More then tripled since this video.
£20-700L is what i was getting at exchange yesterday
I lived almost a year 2005/06 in Turkey.
Sad to see the situation there.
People are so friendly
Food is delicious
There are so many beautiful places to visit
It's a pretty good quality video. The best part is that while being really objective, it's also not offensive. As a Turk, I don't have any words to add.
Thanks so much
Hoping things get better Turkey is an amazing place with such warm people.
I am living in Turkey for 20 years. The problem with Turkey is simple. The old generation which they have strong bond with religion are raising a child like them. They are instill their idea to children and those children votes. This keeps like that and most of the time you cant do anything about that because they think they know the best and they cant be wrong because you cant question your religion and you cant question your choices and even though you know something is not right you cant change your course of action because you are already with them. You cant betray your family, you cant change yourself. You have been like this like your whole life and this circle keeps going like that. This country is dead. If you can just move away and don't look your back.
What does religion have to do anything with this? I know heaps of young Rich religious Turks killing it with innovation.
@@mrnevertheire4098 most votes of AKP becomes religous and poor people. Everything is about religion in Turkey. Most of the politician use religion to gain people's trust for the people like poor and naive.
@@mrnevertheire4098 and also the problem is never been a invention. You probably cant understand because you dont live in Turkey.
@@mrnevertheire4098 for the last one, imagine your head of the country doesnt even have a degree. He was a bus driver at the time and he is managing the hole country. Its not even legal to be in election without university degree.
@@mrnevertheire4098 Religion is very important in culture. If you think everything you need to know is contained in a 7th Century Arab centric book you will not be intellectually curious. The proof is in the outcome of Muslim countries.
Thank you for this... We've been in Turkey for the last 2 months and watching the freefall has been a bit unnerving! There are usually lines around the block at banks.
you guys are quite adventurous but you ll be fine as foreigners. Just buy some popcorn and watch it burn
@@thegalhorowitz But we do not want it to burn, Meatball.
send a Turkish servant, just make sure he comes back with your money
I remembered when in Greece we had capital controls in 2015.
I sincerely hope that everything will get better! Turks I am hoping for literally the best! You don't deserve this!
Lol
Its so sad to see young people dreaming off better life abroad.
I'm going to Ireland on Saturday.
@@yasiripek727 I moved to Germany after the first crisis on 2017.
It's not just because of money. We are feeling oppressed in our own country so I have left Turkey too. Some people say that we should stay and help Turkey to grow. However, I will not waste my life for people who hate me and see me as a traitor. While half of the population votes for Erdoğan and he is still in power, more and more people will leave the country.
@@yasiripek727 👋
@@yasiripek727 good choice
I am surprised that buying a car is more expensive than in Argentina. I hope Turkey didn't follow our steps.
I hope too but i think we followed :(
i m selling cars. And a lot of Turkish People are in Business in Germany, But they arent criminals like some others we have , especially in Berlin, the judiciary in Berlin works for the orientals,
I've been living here now for 1.5 years now if you change $10 USD you will get $270 LIRA. Price of everything changes every week. Its become a city for tourists only i feel sorry for the locals
9:05 What an inspiration and positive man. You give me hope and you are stronger than many people I know including myself. Sincerely hoping everything will become better for the people of Turkey, it is such a beautiful country with such beautiful people culture history and life. Turkey deserves better.
I hope Turkey's situation improves soon. It's an amazing country.
If only he goes, there isn't any other way. Economically he is fighting with rationality and trying to make his economical fantasies work.
Thanks for good hopes, don't worry just new strategy of Turkish Government...
You are right. I live in turkey. What is said in this video is very, very little. People are in really bad shape. I saw on the internet that a man can't even make french fries for his kid. On the way to a job interview, he lies to people and takes the bread on the ground, brings it home and eats it. Some news channels support the government as if there is no problem in the country. Not only is the economy bad in Turkey. For example, a woman cannot walk on the street by herself. If he does, he gets abused. If the criminal wears a suit, he is not found guilty. There is no such thing as justice. It is the same in education, the system is artificial and students cannot even buy books. The government practices religion and they win the votes of the religious people. If your religious beliefs are different, you cannot live here. There is no religious freedom and no education. People are unhappy. And the saddest part of the job; I am 11 years old

Wow, and you're only 11 years old? You are a very intelligent and strong individual. I wish the best for you and your future education. You have a very solid understanding of the world, and I hope you continue questioning and being observant.
Conservative or communist, once the people start worshipping a leader blindly, this is what happens.
No one worships, no one gets blind.. No one needs your poor ideas and keep them only for yourself... We never need to ask you or anyone who to choose...
You are right i live in Turkey. Even in this situation, would you believe that there are still 40% people advocating?(usually older people). The younger generation like us is in bad shape because of these.
Who conservative worship?
Serrano %100 right. If people start worshipping any kind of leader blindly in any circumstance, things will be catastrophic...
@@UnconqueredSun You are %100 wrong, disrespectful, arrogant... There is no worshipping, it is your little selfish perception with no knowledge but just ready to look down people and their choice.. Your mind is totaly blind with your self centered life.. No one would ask you who to choose, no one needs you who to choose.. But you urgently need to learn how to show respect for other people...
Thank you for making this video. I’m moving there for 2-3 months in about a month. As of today 6/25/2022, the dollar is $17.35 to one TL.
I was excited about how much buying power my dollars will have, but after seeing this video, my heart is breaking.
I’ll be extremely respectful and NEVER speak about how cheap things will be for me.
I want to help the Turkish people, but I don’t know what to do. I pray things turn around for them soon!
Enjoy my beatiful country, unfortunately, as a Turk, we cannot, and thank you for this understanding.
Great video as always Uptin! Here too in Sri Lanka, we are going through a same situation. USD has become almost 1.5 times expensive just in less than a year. The government tries to cover up the situation by forcing artificial exchange rates. Importing vehicles has been banned since about an year. I too was hoping to buy a vehicle but it has become impossible with current situation. It sucks living in this country as a millennial :(
Chinese loans dont work
why don't sri lanka take more loans from china
Go to Iran, Turkish people are having a blast compared to poor people in Iran.
Sadly this is what dictators bring to their countries.
Iran, Turkey, Lebanon, Iraq, ...
Ohmmm but IRAN is better than Iraq, Lebanon and turkey
@@امیررضافرهمند-ق2ذ yess I agree Iran is far more better then turkey. People are so nice there tooo
@@امیررضافرهمند-ق2ذ In what aspect are they better?
To me the people of middle east all share the same culture, attitude and sadly dictatorships.
I just have to say i love your videos ,i always wanted to travel an document things ,your doing what ive always dreamed of doing an im glad someone gets to enjoy traveling an showing whats going on in the world .i really appreaciate your work sir,thank u for all your hard work .i hope one day i can do the same type of work your doin .hope you have a blessed day .
@@amortalbeing the people are so kind i went iran in my opinion iran is so beautiful than any country like esfahan and North of iran and food Iran have best food in the world and I like after corona vires to go to iran again
As a Turk, I will say that the minimum wage is 2825 Turkish Liras and the house rent is at least 2300 Turkish Liras in Istanbul 😔
A month ?
@@MuzikNation151 yep
@@yasmn4221 how about Tekirdağ dude?
@@MuzikNation151 i want move to Tokat but my family couldn't find a job there (in Tekirdağ too) :')
@@yasmn4221 do you wanna play NFT, you can get about 500-1000 lira a month just need about 30-40 minutes. i can teach u
The inflation rate is about 60% not 20%.
On the internet it says 19,28?
@@Elif-ph2jg The real inflation rate is being measured by Steve Hanke. That 19,28% is not the real measure, 'cause TUIK (Statistic Office of Turkey) changes the measure of the inflation rate. Lately, Steve Hanke has measured the rate as 83%.
@@Elif-ph2jg And, the market prices were increasing hour by hour, a few days ago. So it's obvious that the inflation rate is not 19,28%.
@@katitobyt the source?
@@Elif-ph2jg Check Steve Hanke's Twitter.
Turkey has been the most favourite one that I always wanted to visit. In fact, I might be able to go next year.
But knowing what it is going on in Turkey and seeing enormous financial hardship those young turkish going through makes me so sad... Hope things get better for them soon
Go and tip generously. It just might make their day
You should visit while you can. Erdoğan filing up the country with taliban terrorists and if he lose the next ellection probably there will be a civil war
i was never in Turkey, it just didnt happen, or no time, but that wasnt necessary, where I am, there are lots of Turks,
now instead of 100 lira, you need 184 lira to buy $10
Man, I feel so bad for my second home, Turkey. Hoping everything will get better soon for everybody there, stay strong arkadaslar!
Its a shame...so many young, bright people in this crisis.
wait until he hears that a big mac is 100+ lira now
He would have a hart attack but not from the BigMac.
in democratic nation capitalist is the dictator
Erdogan would be a best prime minister is Pakistan but not in Turkey. Because Turkish people they want to live by peace and prosperity, they don’t dream about the sick Ottoman Empire.
As a citizen of a neighbouring country, I try to rejoice the failing Turkish state - several years ago, Turkey was a militant, aggressive and arrogant country that constantly meddles in our internal affairs and is getting on everyone's nerves with their Ottoman revival lunacy. However, seeing that regular people are getting crushed, ruins my celebration. In fact, I have a Turkish pensionary living near me who has been here for a long time and receives his Turkish pension in lira. I spoke with him several days ago about the current developments and he siad that his pension is now a third of what it used to be, converted in EUR - which is what he spends here and that's not the end of it. As much as I am prejudiced against Turkey, such stories are unfortunate.
Why and how could you be that much racist? Are we the people who did this to you? Germany invaded every single country in europe and others also did the same and now they are united as EU and germany is the capital of EU. Because it was their ancestors who did this in the history. I am sure you are greek or armenian. I have never had hatred against both civilization because you are not the ones our ancestors fought. Today's world is different. If you rejoice suffering of people of a country, you're not an human being and you are just someone who forgets that there are children and innocent people. As Turkish people we also hate the current government.
@@ConstellationOrion First off, you are making a fool of yourself by turning my statement into a racial thing. Calling someone a racist nowadays means exactly nothing and besides, modern day Turks are white and have very little to do with their Far East origins. And even if they did, I have nothing against the Chinese, Japanese, Koreans, etc. and in fact enjoy very much the output of their economies. Needless to say that in the clip itself, the blue eyed girl doesn't look very Mongol to me. I have absolutely no qualms about say Azerbaijan and Turkmenistan (I am not Armenian) and I very much respect Uzbekistan. So much for the racial card.
Second off, Turkey is a very unfriendly neighbor and is looking for many ways to undermine our sovereignty by any means and especially through our Muslim minorities, most of which are not even Turks - just like Bosnia. It doesn't start or end with Erdogan. That Davutoglu idiot and his "Strategic Depth" doctrine is another major reason for me hailing the downfall of Turkey. While Turkey was on the rise, we had to deal with all sorts of Turkish nationalism and hostility even among our own minorities who even went so far as to conduct economic ethnic cleansing by buying us out of certain regions with the generous aid and money infusions from Turkey, which by way of their constant medding in our internal affairs had managed to secure large concessions and created a state within the state. Now that Turkey is down the drain, suddenly the until recently vocal and militant minorities have become docile and their Turkish nationalism has been covered deep lacking the former backing by Turkey. Even more so, a new generation of Turks that have lost all ties with my country are now rushing in to buy real estate and get a hold of our passports, while not even speaking the language, let alone have good feelings about the country they want to become citizens of. I am strongly against that not because I am racist as you foolishly called me, but because if the trend reverses in the future and Turkey is stabilized, there will be an even larger fifth column that will eagerly forget how shoddy they were till recently and will reinvigorate the same old Ottoman idiocy.
That's it - Turkey is just a bully and when left unattended will make life difficult for everyone around. When it gets its ass kicked and leaves us alone, I cannot be very compassionate.
@@ConstellationOrion As for the Germans, they particularly never invaded us, unlike those Ottoman freaks. Let's recap some of the European great cities - Athens was founded by Greeks and is still governed by Greeks. Berlin has always been German, Paris has been French forever, Rome has been roman, Moscow has been Russian and in this esteemed company we have the Turks who forced theselves into Constantinople, repurposed the cathedral into a Mosque and called it a day.
Name your country
I hope Turkey will be okay I love Turkey I love the Turkish/Kurdish people. U deserve better I can’t wait to come back to visit next year
As a Greek i have to say to my neighbours "stay strong".We have been facing economic problems for more than a decade now.You can pull through but Erdogan and his policies should go!
Thanks for the first half. I hope prosperity will be possible for both countries as soon as possible.
For the second half; we're sick and tired of you putting erdogan as a condition for every issue. Erdogan is our problem. We won't send him to please you or others, we will send him because he is OUR PROBLEM.
@@davidsinatra3011 Actually it's not just your problem since he has invaded most of his neighbours and threatens us with war every day.
@@ΜατθαιοςΠαπαδόπουλος-ζ8ω Stop saying things that your media has made you memorize. We are not occupying anyone, on what basis are you saying that? What territorial claim or occupation are you talking about when terrorist organizations such as PKK and our neighbors such as Syria and Armenia are drawing imaginary maps on our country? I won't even go on about this topic any further, because I know it will get longer and longer and it will get nowhere, and I have no intention of bothering myself.
My point is, if you want to write a message about our economy in good faith, putting erdogan as a prerequisite destroys sincerity. You bring every subject to him as if your own politicians are fairy godmothers. And it's getting boring.
@@davidsinatra3011 You served him right.
He was stupid enough to think that middle easterners could accept any kind of criticism for their sultan.
It's not as in the West where people are free to criticize each other's governments and no one takes it personally.
Of course in the West no one goes to jail for criticizing the president either.
Next time he will comment only in European and western issues and let the Middle East deal with theirs.
He can't understand the huge difference in mentality.
@@hamlet557 It's impossible to agree on something with you greek trolls. You have the ability to flip the subject 180 degrees at one point and make it irrelevant. You insist on not understanding what I'm saying and you've brought the subject to a completely different point. There's no point in continuing this.
Erdogan: I am khalifa
USA: I am Johnny Sins 😎😎💪👉👌👉👌
I used to live in turkey about 4 years ago until my parents decided to move. I didn’t know what was happening at the time with the economy. Now, I know a lot more. TL (Turkish lira) is losing worth very significantly, prices are going so much higher and people are struggling to afford basic necessities like food. For example, 4 years ago, you could go to a local bakery and buy a freshly baked bread for 1 lira. Now, just this summer, it costs 5 liras. Bought from the same bakery (I visited my grandma and they sent me to buy some bread that’s how I realised) all of this is the government’s and specifically Erdogan’s fault. I don’t think it’s going to get any better from this point. Turkey is going to the bottom of of the hill and going back up is near impossible. My best wishes to anyone who is struggling
Awesome video man I'm Turkish but I live in London about all my life, and I've been watching Turkey's finance closely and its heading in a very bad direction
Same here mate with me, I've lived in London thorughout my life, however just recently about 2 years ago moved to York for Uni. I've been watching Turkey currency closely, and its terrible for people there. They simply cannot afgprd basic needs, it was better than this, even after the financial crisis. Its crazy to think about the value of the currency halfing in couple of months, just show if you have a government thar can't functionly. This will happen, but obviosuly before the election the government of Erdogan will try very hard to improve the economy, so theres still hope. Turkey's fate depends on the citizens to see and vote a government which will be for a change, improve stuff in general. However, I do hate these old men and women in Turkey by comparing how generation Z got it easier etc. You need to compare yourself to the contepmorary world, not of that 40 odd years ago. Thats why I have very high hope once generation z takes over, and these old people are gone. Hopefully in my lifetime.
@@netayconnection6236 Yep I totally understand you bro
Turkey is just paying the cost of freedom from the Western monetary imperialism .... Erdogan is a true leader and his politic will pay back in long term incha Allah
Komsu, you are experiencing what we experienced during 10 years of recession. Better days will come. Sabır
Sending love and support from Bosnia to all Turkish people.
(Hyper)inflation is just beginning, and it will affect whole world, with dollar being last "man" standing, but it too will be crashed very soon.
Young people just need to adapt and survive challenging period ahead. Try to produce value with resources which are at your disposal locally/regionally.
I think the duration of minimum wage to buy the items in Turkey happens similarly in Malaysia too. On top of Beirut's severe financial crisis, these three countries must share something in common but I can't point it out. 🤔
Gee I wonder what could that possibly be lol
If only there was huge petrol reserves maybe that reason wouldn't effect that much 🤔
aha i got it it should be ISLAM.
Add Iran to the list and you will find the answer👀
Got to love how in the USA our media is saying inflation is a good thing. This proves that it’s horrible.
2% inflation is good very good actually every year, but 20% are bad Turkey on Thanksgiving bad.
Inflation is good actually if at normal standart. Because if inflation 0 than its mean less job open. Job open more lower because people power purchasing decrease so there is lower incentive a firm to produce more output. Lower output = lower worker need
Helps a lot in exports..see china manipulation of their currency
Reasonable inflation is a good thing since it motivates people to spend which creates a circulation of money in the market. Turkey has too much inflation which makes the value of the money decrease faster than you can spend.
Nah it's not. Just look at the inflation here in my country Pakistan. Sure it's not as worse as places like South Africa or Lebanon but if things don't get better, we might go to that level (which I hope doesn't happens and I wish those countries and Turkey best of luck).
if you guys didnt have a dictator in power maybe it would have been better muahahahahha
Great video, Uptin! I feel bad for the situation that is happening in Turkey. Btw, the video would be even better if you speak in normal speed.
normal speed? haha
Really well made, impressive.
Thanks sm Joanne!!
the currency will get worse and worse, I am a student in the US from Turkey, and it’s surreal seeing all of this unfold in front of my eyes. When I first got here the ratio of TL to USD was 3.3 now its at 13. When I receive money from Turkey it literally changes value every second and most likely dropping. Hoping for the best of us🙏🏼 but unfortunately the future doesn’t look too bright right now 😔
Sound like a broken record with all these countries. Cuba, Lebanon, Venezuela, and now Turkey
Argentina as well, inflation is just creating new enemies against NATO.
Amazing, your content is getting solid !! ✨
Thanks Ali!
now bigmac is more than 100TL..
This doesn’t sound like the story of other country. Living in Korea and seeing what the government is doing, it sounds exactly the same as what Turkish Government did. This is haunting me on serious level.
Same in Pakistan mate! Prices are way higher than they have ever been! We the young graduates can't find properly paying jobs. (almost every other company except IT offers below minimum wage per month)
hello man. im sorry you can relate to us.
Also same in Malaysia, it looks modern, clean, a neat country with the second-highest building in the world but people are poor and life is hard, some people eat food from trash but the government always cover up to show the world everything is working fine.
I am from India and most average middle class have to work more or less the same amount of hours to buy the products you showed. I understand the context of currency crisis in Turkey. In my state of Kerala minimum wage for a worker is 800rs to 1000rs( most of the other states have it worse). Most peoples average monthly wages is from 15k to 30k monthly, unless you work for the government. Every foreign brand or goods are taxed insanely here in India from starbucks to a car. More or less affording all this is a luxury in India.
U are wrong india do have pretty expensive stuff but it too has very cheap stuff . Food and clothing is very cheap in india . specially free rice beans etc for poor or lower middle class. Ya if u talk about star bucks or car etc it is expensive but main thing is food local food is cheap so mostly people can afford basic needs
@@Anmolnegi-yw7hg
If you read my comment, I was talking about the very same products he showed in that video.
I'm sure Turkey would have local goods like we do.
It's just that I feel most of the goods produced by foreign companies are a luxury to majority of Indians.
Even India is facing a high inflation now. Luckily our currency hasn't gone haywire. Our financial management right from demonisation has been absolutely crazy.
@@sabugeet true as I mentioned those things are expensive but I was taking about basic needs . Luxury should be earned by people themselves. Even india is poor and ministers are corrupt but only thing I like is cheap food and basic facilities for poor which is not in many countries.
I am not that sure about it but I think india is one of the cheaper countries to live in. So compared to turky the situation is not that bad. I am not saying we are in a good situation. Just that they are worse off.
If you are in 15-30k monthly income bracket, only a fool in India would go inside a western AC mall or try Mcdonalds Starbucks KFC, imported cereal, cheese, western items.
India is the cheapest country in the world in terms of food and basic living items. My full time driver and domestic helper both earn 20k & 17K a month. They save 80% -90% of their income as I pay for their housing, food etc. I even pay for driver kid’s private school tuition. I just want them to save the most possible. And I make sure they control the urge to spend it on non essential stupidity.
It is a really sad thing for us because we planned to stay in Turkey for a long time. But unfortunately after 5 years of trying to survive here with this currency rate we have decided to move on
I will definitely miss this country and I really hope the best for this country and I hope their currency can become strong again
9:09 "are you worried the currency will get even worse?" (1$ = 9.9 Lira)
She: "No, I guess it will be okay"
Dollar : "hold my 13,37 Lira"
One man's ambitions destroying a nation.
Erdogan wants Turkey to be the leader of islamic world. really laugable. 😂😂😂😂😂😂😂😂
Why they don't Protest against the fool Erdogan?
@MaSTeR Tech Stay strong... Try to throw him out of power in next elections.
Very depressing altough too familiar to me as well, I'm hungarian the outlook of the youth is also really bad for a big amount of people that don't get mentioned in any media
Hungary? Really?!, Dont you have like one third of germany's per capita? Thats not bad
@@nodrize77 maybe on paper, the avarage salary of a regular person is around 320--500 in usd in net, we have a 27% VAT on everything taxes are the highest in europe, and the salaries of gov sector employees massivly inflates the avarage on statistical maps.
There is no middle class it's either you are rich or poor. 2/3 of the population is the latter. I would define it in a way that you are around or slightly above the survivor tier in mazlow's pyramid.
When a mad man thinks his economic policy is directly delivered from Allah to him. I'm sorry turkish people.
oh he knows where the money comes from. But a lot of the money people are leaving now, Except Putin, he loves Erdogan,
I am so glad I live in America and we have an independent fed. Just watching turkeys runaway inflation has been a real eye-opener for me.
Currently 1 lira = 16.52 dollars which makes the inflation over %100 for this year.
Turkey is going to become Pakistan soon