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In this video I continue to look at the implications of the Russia's Invasion of Ukraine on TURKEY.

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 54% these price increases will add further strain and may cause the Economy to COLLAPSE.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
4:23 INFLATION
8:04 CURRENT ACCOUNT DEFICIT
10:29 TURKISH LIRA
14:00 NATURAL GAS
17:09 OIL
18:11 TOURISM
21:01 CREDIT DEFAULT SWAPS
24:44 SUMMARY & CONCLUSION

#UKRAINE
#RUSSIA
#OIL
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3