Skip to main content

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

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...
Post a Comment
Read more

American Hartford Gold Review – Best Gold IRA? Pros and Cons

In this American Hartford Gold Group review, I go over what makes this Gold IRA company unique, the pros and cons, their fees, and much more. Get Their Free Guide Here: 00:00 Intro 00:25 Is Gold a Good Investment? 01:02 Why Choose American Hartford Gold? 01:48 Is American Hartford Gold a Legitimate Company? 02:35 How Does American Hartford Gold Work? 03:30 American Hartford Gold’s Price Match Guarantee 03:57 American Hartford Gold’s Minimum Investment 04:28 American Hartford Gold’s Buyback Guarantee 04:56 American Hartford Gold Storage and Security 05:54 American Hartford Gold Free Silver Promotions 06:11 No Overseas Storage Options 06:22 American Hartford Gold Group Price List Not Available Online 06:38 American Hartford Gold Group Review Summary 👉 FREE Resources: ➜ Gold IRA Company Reviews: American Hartford Gold Group continues to be a well-respected market leader in the gold IRA and precious metals investment industry. The company’s proven track record ...
Post a Comment
Read more