Turkey, the driving force coming into the freeway from the wrong way “a automotive went in the wrong way” upon listening to the announcement, “what a automotive all of them come the other way up” he protested, decided to go the other of the world, simply as his announcement was not taken over.
The Central Financial institution once more lowered the rate of interest. President Tayyip Erdogan has already introduced that he might be overthrown. The Central Financial institution lowered the rate of interest by one other 150 foundation factors and the coverage fee turned 10.5 %. It appears that evidently the federal government will cut back the rate of interest to 9 % and “Curiosity has dropped to single digits” He’ll inform successful story!
Inflation within the USA and European international locations “formal” It elevated rates of interest whereas it was hovering round one-tenth of its inflation fee. They maintain growing. They’re attempting to scale back inflation by growing rates of interest.
Opposite to the world, Turkey, then again, experiences 83 % inflation in accordance with TUIK and 186 % in accordance with ENAG, whereas it doesn’t enhance the rate of interest, quite the opposite, it decreases it repeatedly.
In response to the declare of the federal government, when the rate of interest falls, inflation additionally falls!
Allegedly, it isn’t true.
As Turkey lowers the coverage fee, each inflation and the greenback rise quickly.
The costs of gasoline and diesel, which had been between 7-8 liras within the final months of final yr, when the federal government began to decrease the rates of interest, fluctuate between 23-27 liras right this moment.
The rise in gasoline costs is mirrored in all merchandise. The costs of imported merchandise are additionally growing as a result of enhance in international alternate.
Due to this coverage, each merchandise from needle to string is getting costlier each day.
Residents turned afraid to enter the market. The grocery retailer is making nice efforts to purchase their wants cheaper by visiting the market. Residents who’ve come all the way down to the border at the moment are attempting to fulfill their each day meals wants from market scraps and market scraps.
This coverage of the federal government impoverished the center class. He pushed the poor to the border of hunger. However it’s not there in any respect. Banks and a handful of the wealthy profit from this low coverage fee.
Banks that can borrow from the Central Financial institution with 10.5 %, promote it to the Treasury and the residents to 35 % and 40 %, including revenue to their earnings from the place they sit. Banks’ earnings are over 400 %.
The federal government continues to work on capital. Hope can also be distributed to the poor. A rosy economic system image is being drawn. As if the citizen did not know what he was going by means of “Europe is jealous of us, they ask us how we succeeded” He retains making a press release that has nothing to do with actuality.
After we take a look at the truth, it’s mirrored on the screens from the streets each day that the overwhelming majority of the persons are after their each day livelihood. Residents anticipate hours within the queue for affordable bread. Even the calculations made with solely bread or tea and bagel present how a lot bother the residents are in.
There are not any bribery allegations. The facility remains to be not there.
AK Celebration Deputy, ex-wife and older brother are accused of creating a bribery mechanism. The allegation that Presidential advisers adopted the bribe involves the fore. There may be speak of $180 million in bribes. Two of the President’s advisors are compelled to go away their posts. Nonetheless, the federal government doesn’t say a phrase about these developments. He acts like he does not exist.
Whereas there’s a have to make clear the difficulty, examine deeply, and convey it to the judiciary, he solely has the ex-wife of the deputy arrested, doesn’t take any motion concerning the others, and doesn’t say a single phrase.
Turning a blind eye to those details, the federal government is getting ready a transfer to get the vote of the folks it has impoverished.
The Central Financial institution will attempt to sway by printing cash whereas the Treasury is in mint situation, by growing the minimal wage and different wages initially of the yr. Though he knew that the wage will increase he would make by printing cash whereas the worth of the Turkish lira hit the underside, it could push the costs even increased. “Can I select earlier than this impact happens” in accounts.
Since inflation will lower proportionally in January 2023 as a result of base impact, it has already “Inflation will lower after December” is making propaganda. When January 2023 comes “You see, low rates of interest additionally lowered inflation, the world envy us” will go to propaganda.
Till then, it’s going to comparatively resolve the issue of those that are over the age of retirement (EYT) and attempt to get their vote.
“Home and nationwide automotive” TOGG might be launched with its propaganda.
The federal government will attempt to win the election with large guarantees to be introduced on October 28.
It isn’t clear how a lot these strikes will have an effect on the voters who’ve been dragged on the bottom by the financial coverage adopted, and the younger folks whose goals of discovering a job, shopping for a home and a automotive have now fallen into disrepair.
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