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RUSSIA - TURKEY Edges Towards COLLAPSE. INFLATION 61%, TRADE DEFICIT $8.2BN & ENERGY COSTS Up 156%


Subscribe to The Daily Upside: Please Support The Channel by clicking here: In this video I continue to look at the continuing implications of the Russia's Invasion of Ukraine on TURKEY. Rising OIL and GAS Prices as a result of the War are putting immense stress onto the Turkish Economy. INFLATION has now risen to 61%, the highest level for over 20 YEARS , ENERGY COSTS have increased 156% and the TRADE DEFICIT now stands at $8.24 BILLION. In addition the COST of the DEPOSIT PROTECTION SCHEME is running at around $18 BILLION. Based on the current rate of spending on Energy the Foreign Currency Reserves will not last much longer. TURKEY is under extreme pressure due to HIGH INFLATION and the Fall in Value of the LIRA. Turkey is dependent upon Foreign Energy and Buys 45% of NATURAL GAS, 17% of OIL and 40% of GASOLINE from RUSSIA. Turkey is also dependent upon the IMPORT of GRAIN and RAW MATERIALS for its Industry. The immediate impact of the WAR has been to increase the price of OIL, GAS, FOOD and RAW MATERIALS. With INFLATION already at 61% these price increases will add further strain and may cause the Economy to COLLAPSE. For specific details please check out the CHAPTER list below. Thanks for watching and please LIKE and SUBSCRIBE. If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated. Chapters: 0:00 Intro 2:09 INFLATION 5:49 BALANCE OF TRADE 8:21 TRADE DEFICIT 10:29 DEPOSIT PROTECTION SCHEME 14:46 ECONOMIC POLICY 18:12 OUTLOOK 20:25 SUMMARY & CONCLUSION 23:52 JOE BLOGS 2 #UKRAINE #RUSSIA #OIL #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3...(read more)


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https://inflationprotection.org/russia-turkey-edges-towards-collapse-inflation-61-trade-deficit-8-2bn-energy-costs-up-156/?feed_id=56407&_unique_id=63b3a219c4b4b #Inflation #Retirement #GoldIRA #Wealth #Investing #chinaproperty #crash #debtcrisis #default #depression #economy #evergrand #evergrande #evergrandechina #evergrandecrisis #financialcrash #globalfinancialcrisis #inflationproofinvestments #inflationprotectedsecurities #interestrates #lira #marketcrash #nato #protectionagainstinflation #recession #recession2022 #recesssion #russia #russianews #russiaukrainenews #russiavukrainewar #sharecrash #turkey #turkeycollapse #turkeyfinancialcrisis #turkeyinflation #turkeynews #ukraine #ukrainenews #ukrainerussia #uscrash #usavsrussia #wealthprotection #worldwar3 #ww3 #InflationHedge #chinaproperty #crash #debtcrisis #default #depression #economy #evergrand #evergrande #evergrandechina #evergrandecrisis #financialcrash #globalfinancialcrisis #inflationproofinvestments #inflationprotectedsecurities #interestrates #lira #marketcrash #nato #protectionagainstinflation #recession #recession2022 #recesssion #russia #russianews #russiaukrainenews #russiavukrainewar #sharecrash #turkey #turkeycollapse #turkeyfinancialcrisis #turkeyinflation #turkeynews #ukraine #ukrainenews #ukrainerussia #uscrash #usavsrussia #wealthprotection #worldwar3 #ww3
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