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Date: 2024-10-12 Page is: DBtxt001.php txt00023118

TURKEY
ECONOMIC ANALYSIS
Joe Blogs: TURKEY Threatens MILITARY ACTION as INFLATION Hits 80% & TURKISH LIRA Continues to CRASH.

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Original article: https://www.youtube.com/watch?v=bkR82cb7ecE

Peter Burgess COMMENTARY

Peter Burgess

TURKEY Threatens MILITARY ACTION as INFLATION Hits 80% & TURKISH LIRA Continues to CRASH.

Joe Blogs

Sep 7, 2022

127K subscribers ... 289,612 views ... 13K likes

#turkey #ukraine #russia

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INFLATION in August rose above 80% and is now at the highest level since AUGUST 1998. The rise in GAS, OIL & COMMODITY Prices caused by the UKRAINE WAR continues to put pressure on Turkey and the TURKISH LIRA exchange rate has continued to Plummet and is now above 18 to 1 US Dollar. The Turkish Central Bank is running Dangerously low on Currency and is no longer able to support the Lira. Without an injection of new currency the situation looks Dire for Turkey. To compound matters Turkey is now threatening MILITARY ACTION and is also getting CLOSER TO RUSSIA.

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Chapters:

0:00 Intro
2:40 INFLATION
4:59 ANNUAL INFLATION
5:31 FOOD COSTS
7:11 TRANSPORT COSTS
8:39 INTEREST RATES
11:19 INTEREST RATE COMPARISON
13:26 LIRA
15:42 CURRENCY RESERVES
17:01 DATA
18:33 GREECE CONFLICT
20:39 RUSSIAN MISSILES
21:41 TURKISH THREATS
23:48 NATO
25:44 SUMMARY & CONCLUSION

#turkey #ukraine #russia #greece #OIL #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3

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