$1 DOLLAR is GOLD in the Economic Crisis!

$1 DOLLAR is GOLD in the Economic Crisis! - LIFE IN TURKEY

Рет қаралды 29,300

Күн бұрын

I'm in Turkey to see the recent extreme inflation and I'm closely examining the situation. Let's try to find an answer together to the question of whether Turkey will become as bad as Venezuela.
According to the current exchange rate, 1 dollar is equivalent to 27,08₺. (17.08.2023 - 0:00 AM)
This video's research is based on December 2022 and January 2023. Currently, the minimum wage has changed from 5500₺ to 8500₺ and then 11402₺. However, despite Turkey's economy stabilizing and progressing, prices are continuing to rise and people are struggling with this situation.
By the way, Turkey recently changed its name to Türkiye.
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Türkiye is the 6th most visited country in the world: en.wikipedia.org/wiki/World_T...
Türkiye is the 112th unhappiest country in the world among 146 countries in 2022: worldhappiness.report/ed/2022...
Türkiye the second angriest country in the world: news.gallup.com/interactives/...
Real estate analysis: secure.sahibinden.com/emlak36...
Türkiye is the most expensive country to own a car in the world: www.scrapcarcomparison.co.uk/...
The rate of those who earn around the minimum wage in Türkiye: www.bbc.com/turkce/haberler-t...
Türkiye ranks 8th in textile imports and exports: uib.org.tr/tr/kbfile/turkiye_...
Chapters
0:00 Intro
0:20 About Turkey-Türkiye
1:10 Inflatıon Rate
1:50 Minimum Wage
2:04 Market Prices
2:57 Rent-Real Estate Prices
3:23 Analysis of Rent-Real Estate Prices
4:11 All Prices are Changing
4:37 Big Mac Index
5:15 Car Prices - The Most Expensive Country
6:02 What's Causing This
7:07 Prices of Technological Products
8:23 Exchange Rate
8:47 Worker Wage Comparison
9:37 Unemployment Rate
10:17 Clothing Prices
10:40 History of the Turkish Economy
11:40 Gas Prices
12:13 How is this Affecting People in Türkiye
13:06 How Might this Crisis End?
13:57 End

Пікірлер: 79

@mikeagate Жыл бұрын

It's called Karma or 'the sum of a person's/country's actions in this and previous states of existence, viewed as deciding their fate in future' for: - the massacre of over 1,000,000 Armenian Christians - the conversation of the famous Hagia Sophia into a Mosque (a common practice in Islam) - the illegal occupation of Cyprus in 1974 - backtracking on all the advances made by Kamal Ataturk

@krastycz1810 Жыл бұрын

I'm surprised you only have 56 subscribers but I'm sure that's going to change. It was a great video and very informative.

@mevodocs Жыл бұрын

Thanks :)

@tsifotis Жыл бұрын

So i believe this video came out 2 days before the earthquake. At 1:00 says that Turkey is 112th unhappiest country in the world among 146 countries. Maybe they should count it again in a month or 2

@emjeelibunao2742 Жыл бұрын

The food prices there was cheaper than here in The Philippines. I’m surprised!

@baramis575 Жыл бұрын

Keep it up, with this level of content you definitely have a bright future on YT. I'm surprised I caught this channel at 97 subs, I would've assumed it would've had hundreds of thousands.

@mjokhoe573 Жыл бұрын

The sixth's most visit country in the world how is it possible that Turkey can not be rich with only the ($)dollars and (€)euro's what the tourist bring to Turkey.

@mevodocs Жыл бұрын

I think it is due to external factors and managerial problems.

@kornkobbler1 Жыл бұрын

You have to raise interest rates to get out of the high inflation. I don't think the government will.

@mevodocs Жыл бұрын

@@kornkobbler1 🙃

@selahattinkurt4610 Жыл бұрын

Bcz We dont knell like a West. Today, we have high inflation i think it will end soon, but everybody missing one thing, high inflation coming for West nowadays, maybe tomorrow they cant stand against it while we living with low inflation. I am very hopeful about my country. Future is our, dont care this Turkish moron. He is acting like a drama girl and he is pittyfull.

@TheMoonwalker101 Жыл бұрын

Great video ❤ Gained a new subscriber!!

@bnogolfing Жыл бұрын

Thank you for the information!

@tesla3388 Жыл бұрын

내용이 정말 좋습니다 👍🏻 🇹🇷에 대해 잘 이해되는 내용입니다 🇰🇷에서 감사드립니다 🙏🏻

@mevodocs Жыл бұрын

감사합니다 🙏🏻

@elliotpayne Жыл бұрын

great video

@Prosecute-fauci Жыл бұрын

The USA isn’t too far behind. Our actual inflation has been north of 15% for at least the past 15 months.

@kostasveronis5882 Жыл бұрын

I was in Istanbul for vacation and i visited supermarket as i stayed in rbnb, so i bought several things and i was very surprised with the high prices, some items was expensive even for western European standards.

@doruailioaie3088 Жыл бұрын

3jeo0l2ksp

@tugrulserhat Жыл бұрын

aksanı biraz daha iyileştirir ve ilgi çekici konular hakkında buna benzer detaylı kaliteli videolar yaparsan çok iyi yerlere getirebilirsin kanalı :) subbed

@Tlyrc Жыл бұрын

Uff bunu tek başına mı düşündün

@AlexMafija Жыл бұрын

Wow this is crazy considering (at least) parts of it could’ve been prevented Edit:spelling

@probitykaronga4026 Жыл бұрын

Vay canım, 150 abone büyük bir kanal sandım. Enflasyon hakkında söyleyeceklerimiz gerçekten kötü, çünkü uluslararası öğrencileri de etkiledi.

@mgulled7974 Жыл бұрын

It's not rupees or Liras or any developing countries currencies but Is the dollars who are in crisis, honestly I use dollars on daily basis the currency is really worthless, the price is going up monthly of every items/products I buy from Asia

@janvandermeer6159 Жыл бұрын

No worries. Allah will solve it all. Just like in Pakistan.

@dtang3288 Жыл бұрын

5.32 Turkey is NOT the most expensive country in the world to own a car. The most expensive country in the world to own a car is Singapore!

@mevodocs Жыл бұрын

Here is my source; www.scrapcarcomparison.co.uk/blog/cheapest-country-to-own-a-car/

@YG-mc9fq Жыл бұрын

It's in comparison to the wages

@norastifler Жыл бұрын

Well 10 dollars here make 300 Egyptian pound Cries in a corner 😭

@realadityaarjun Жыл бұрын

Real problem is their government I visited turkey few years ago and it's a beautiful country and people are also soo nice but government always seems to push their relegious ideology and trust me it's only good at the individual level. A secular country always going to grow more. I mean look at Saudi Arabia they completely changed their path.

@Amedcalisanjose Жыл бұрын

What is money ?

@anal8394 Жыл бұрын

dollar transactions were easier for Turks tied to western commerce, no wonder they had more dollars than lira

@teomanakan3794 Жыл бұрын

why dont u tell about neither dollar nor TL has any purchasing value in turkey ? especially in Antalya living cost is double of any european city

@mevodocs Жыл бұрын

yes definitely, the prices especially in resorts are too expensive

@esranuryldz936 Жыл бұрын

👍

@stormreform8113 Жыл бұрын

I'm from the UK wen I was In 🇹🇷 in 2010 1 pound got 2.21 lira now its 23... how could this happen ???

@kampfpanzerleopard346 Жыл бұрын

Erdoğan happened.

@ajr993 Жыл бұрын

Meanwhile a devastating earthquake is absolutely the last thing Turkiye needed.

@samo311 Жыл бұрын

55?

@DanielT23 Жыл бұрын

That looks like more groceries then you get in U.S.A. with minimum wage jobs as well!

@radenbahagia164 Жыл бұрын

Economic its not about $$$$$ its abouts the leaders how they leaders the country.......

@sumitborse Жыл бұрын

After the massive earthquake Indian government sent so much aid to turkey but after that Turkey backstab India in UN against Kashmir issue,i dont want to say anything bad about anyone but Turkey deserve it and Porkistan too. dont forget one thing in your life never ever trust on muslims..

@Toulkun Жыл бұрын

Remove red dot from your forehead and stop worshipping cow's piss

@Thrakerzog Жыл бұрын

In 2000, it was one million TL to the dollar. RIDICULOUS!!!

@mevodocs Жыл бұрын

Turkey dropped 6 zeros from money in the early 2000s

@dsgcloud6092 Жыл бұрын

This is what happens when you make economic decisions based on ideology.

@RangerFPS Жыл бұрын

aksanini biraz duzeltirsen guzel olr

@mevodocs Жыл бұрын

Thanks 👍🏻

@paulmccarthy4277 Жыл бұрын

very good and informative video but you need to improve your spelling . cheers

@mevodocs Жыл бұрын

Thanks 🙏🏻

@powerlinkers Жыл бұрын

They deserve erdogan

@matthieur4906 Жыл бұрын

6:27 Marxism has nothing to do with Erdogan economics policy, he is the only one to blame

@mrhand3350 Жыл бұрын

No add subtitles

@mevodocs Жыл бұрын

which language

@mrhand3350 Жыл бұрын

@@mevodocs malay aka Bahasa melayu

@mevodocs Жыл бұрын

@@mrhand3350 OK 👌

@therightpath3864 Жыл бұрын

The Turkish Lira is NOT falling because of the interest rate policies of the Turkish President INSTEAD it is falling due to the trade deficit the country has between exports & imports. For the Turkish Lira to revive again the Turkish people will have to reduce their import related purchase & simultaneously increase their exports !!! "Be Turkish, BUY Turkish" policy could save Turkiye from this dire situation.

@MrHellweasel Жыл бұрын

It is ALSO because of the interest rates policies. Low interest rates means people simply do not want to invest in that economy because the returns is generates are lower than somewhere with higher interest rates. No investment = lest demand for currency, less demand for currency = price of currency falls vs other currencies. If you cannot bring in money via trade (hence the deficit) then you should try to make it attractive to invest there (increase interest rates). Can you say that Turkey is attractive to invest in? I can't.

@olchaymyumyun8142 Жыл бұрын

World is in recession right now. I fully support economic and political policy of Erdogan. It's better to be grateful what you have and ask Allah for peace and prosperity.

@europauniversalis3935 Жыл бұрын

That video is create by a liar! Currently the minimum wage is 8500 TRY, not 5500 try in Turkey for 2023. also rate of dolar is so slow increase at this year. Okay, 1$ is 18-19 lira, thats huge numbers. But so many countries has a huge numbers for dolar exchange. matter is the rate of increase, not how much as much! Example; korea won, russian ruble, czech money, ukrainan grivnas(same situation for before the war), sweden-norway-denmark, serbia, china. so, dollars rate doesnt must to be 1, stability of rate is important than its numbers.

@mevodocs Жыл бұрын

This video's research is based on December 2022 and January 2023. Currently, the minimum wage has changed from 5500₺ to 8500₺. However, despite Turkey's economy stabilizing and progressing, prices are continuing to rise and people are struggling with this situation. Thanks...

@mikewillis6033 Жыл бұрын

Minimum wage is not 5500tl, it is 8500tl, you are spreading lies

@mevodocs Жыл бұрын

I already shared the current minimum wage in the description of the video. This is a documentary, I am sharing objective data, not lies. Thanks...

@EsraSeyran Жыл бұрын

You seem to deliberately went to the ghettos of Syrian immigrants and made this recording. I couldn't see one single Turkish women in your video. İn Turkey we use Latin alphabet letters the street views that you demosntrate are from Arab immigrants temporarily districts.. You deliberately make İstanbul appear as an arabic city. Yes we are temporarily hosting some Arab people and this hospitality shouldn't return to our vibrant country such...