In this video I explain why the Crisis in Turkey has taken a NEW TWIST and why the new INTEREST RATE POLICY could be a BLACK SWAN EVENT for a GLOBAL FINANCIAL CRISIS.

Turkey's economy has been in CRISIS for the past 3 years with double digit INFLATION and INTEREST RATES resulting in a devaluation of the the Turkish Lira. However the President has now decided to take direct control of the situation and to use the OPPOSITE TACTICS to established Economic theory. This action has resulted in the value of the Turkish Lira halving and inflation increasing to above 20%.

Turkey is over $450 BILLION in debt and the 19th largest country in the world by GDP. If it continues with this policy it will have global repercussions and could lead to a new GLOBAL FINANCIAL CRISIS.

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Chapters:
0:00 Intro
2:28 Turkey
3:55 Political Background
4:58 Turkish Economy
8:33 Recent Developments
12:54 Summary & Conclusion

#Turkey
#Turkey Crisis
#Evergrande
#Global Financial Crisis