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)

HOW TO: Hedge Against Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing

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

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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