'RUSSIA - TURKEY IN CRISIS as INFLATION Hits 70%, FOOD PRICES Rise 89% & Factory Activity Falls'

21:31 Jul 26, 2022 0 0

'Please Support The Channel by clicking here: https://www.patreon.com/joeblogsYT https://www.buymeacoffee.com/JoeBlogs  In this video I continue to look at the continuing implications of the Russia\'s Invasion of Ukraine on TURKEY. INFLATION is now at 70% as a result of rising OIL and GAS Prices. This is the HIGHEST INFLATION for over 20 YEARS and FACTORY ACTIVITY is now falling which is a major concern. Based on the current rate of spending on Energy the Foreign Currency Reserves will not last much longer and Turkey will NEED A BAILOUT.  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 70% 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.   https://www.buymeacoffee.com/JoeBlogs  Chapters: 0:00 Intro 2:07 INFLATION 6:40 FACTORY ACTIVITY 9:15 IMPORTS & CURRENCY 12:00 ARAB SPRING 13:30 UAE 15:21 SAUDI ARABIA 17:09 SUMMARY & CONCLUSION 20:49 JOE BLOGS 2   #TURKEY #UKRAINE #RUSSIA #OIL #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3' 

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