Turkey’s inflation crisis EXPLAINED

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.

this was 2 years ago, a mig mac is about 150 tl rn(around 5$). imagine how high the inflation is that it was 30 2 years ago and its 150 2 years later.

Locals in istanbul are rudee. Never going there again

And they want to fight with israel instead fighting inflation 😂😂😂

They cry about 47% inflation but they have enough money to celebrate the killing of my people? I don't understand this logic. Erdogan can say whatever he wants to my government but he can't think about his own people?

😂😂😂😂😂😂😂😂😂😂😂😅😅😅😅😅😅😅😅😅😅😅🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃🦃

Hey brother,

No one covers how the falling Turkish Lira,makes it lucrative for We Indians to go and shop in Turkey, as inflation is also highest in 20 years . Can you share your expertise in terms of what we should get much much cheaper

Hey brother,

No one covers how the falling Turkish Lira,makes it lucrative for We Indians to go and shop in Turkey, as inflation is also highest in 20 years . Can you share your expertise in terms of what we should get much much cheaper

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

Those 2 bananas where at different points of ripeness. Stupid experiment 🙄

1 Swiss Franc is 31 Lira 💀💀

Erdoğan gambling results.

WORSE PRESDENT FOR TURKEY IS ARDOGHAN / WORSE

Wow how can you live with that? I wouldn't want to be in your shoes.

Greetings from Argentina


😄

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

26 lira=1 dolar😭

Hi from Turkey... 2 years ago this video is recorded And 1 year ago uploaded..... At the moment
1 $= 28 ₺ 1 banana not 9.90 ₺, one banana 49 ₺, ... And the biggest problem not economy And inflation syrian and 🇦🇫 immigraters in Turey biggest problem

Our biggest problem is taxes

It just got worse.

McD is not turkishs meal
We liked kebabb baklava lokum pilav etc.

bring your trademark back to America!!!!!💩

The colonial financial system surrounded Erdoğan to be brought down
Sincere Turkish people know that....
So they flocked to vote for Erdoğan..

Things got worse. Hi there 😄

Good expectations from the people that can speak English but most of them are dumb so we have the same person who was in charge right now.

The exact same thing is happening in my country

1$ = 26TL now 🇦🇷🇹🇷🇱🇧

and after you live in germany you still vote for erdogan

And now, dollar is 23-24 Turkish liras and still people choose Erdogan as president lmao

Turks have nothing to worry….you have Allah 😂

I am looking to this video and saying ''Good Old Days''

well now it's worse, 1usd is 23tl 🙃

There are solutions to these economic problems that are happening all over the world. If world monetary history was taught in schools and it became well understood around the world as to what money is fundamentally supposed to represent then then demand for fiat paper currency would fall to nothing and the demand for the use of precious metals such as aluminum, copper, titanium, gold, silver, and platinum would sky rocket. Money needs to have a true value to it that is what allows people to trade that value to a matched value of service or products that they want to trade money for. Sense 1971 Bank note currency has been linked to nothing of true value and we have been trading with a FIAT currency sense then. A fiat currency like the US bank note dollar has no set or linked value to it so even though the idea is sound, and will never fix the problem of it not having value. If you want to buy a good or service shouldn't the money you use to purchase these things match the value of that good or service? A silver dollar COIN has value from the metal its made from because the metal itself can be used to construct things like electronics. The same goes with all the precious metals that hold value over long periods of time. This is the reason why precious metals should be used as money and not some fake fiat currency that always leads to the same problems of the people suffering until this is understood then the suffering will not only continue but will constantly get worse and worse....

I think the citizens of turkey are to be blaim because despite all this they sit quietly as if nothing is hqppening.suffering in pain.they should have been a strike

yeah.... its doubled now

Right now 1usd is around 21 Turkish lira!

Now go vote for Erdogan

Give me names of countries where the the food and commodities prices have not increased. international Brand products come with their own price tags
Countries who are self sufficient with their own produce like food dairy meat their prices are still OK.
Canada, come check our prices.

Don't be biased. It's happening al over the world. Erdogan is a powerful leader. We hope he will win

What about the destroyed economy in Egypt? The regime is selling the country.

What about Egypt?

1 dolar is 20 lira nowdays. and they are happy.
probably they will vote to Erdogan again.

Actually the title is misleading, you did explain current situation in Turkey, but it is same everywhere - Covid - govt helps pumping more money - inflation is boosted. However Turkey had problems with inflation since before covid, and there is no explanation why and when it stated. You literally can put name of any country instead of Turkey, when you are talking about post covid situation.

Erdoğan should be long gone.

Then tourists who go there get scammed, which is going to reflect on dropping in the number of people visiting this country. With the earth quake, it's another hit.

Btw i like turkeys taxation on apple products. Just a move against us sanctions.

Not different than in germany. Here minimum wage is around 1500 after tax.

1 room flat in small towns is around 700€

You gotto pay for government media 57€ per 3 months

Energy around 60€/Month

Internet around 40/month

You end up with 700-800€. Lets say you are member of a fitnessstudio...another 40€/month. You cant hold a vehicle, its maintenance or insurance.


The low wage sector is growing rapidly btw.


Long story short: its just flipping the coin around. The sad thing is: germany is part of the EU with 16 industry nations while turkey stands all alone.


Oh and the mcdonalds meal you just showed is here around 11€

wait until he hears that a big mac is 100+ lira now

Majority still voting the sultan

So sad for people that don't even work at the Dollar factory :(

Enjoy while the USD gloats!