Turkey's Monetary Madness: Rate Cuts as Inflation Hits 80%!

Turkey shocked the world today as it's central bank cuts it's overnight lending rate from 14% down to 13%. This comes as the countries run away inflation rate has reached a staggering 80% and yet Turkey's President Recep Tayyip Erdogan insists on his insane monetary policy of lowering rates to fight inflation. Meanwhile the Turkish people are being wiped out financially as basic necessities become unaffordable.

Link to December 21, 2021 Video about Turkey's KKM Scheme: https://youtu.be/KK0qpRCYhnE

Link to January 28, 2022 Video about inflation in Turkey reaching 43%: https://youtu.be/h9PRARUdonw

Link to June 7, 2022 Video about inflation in Turkey reaching 73%: https://youtu.be/o6SHaYu6tfI

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#Erdoganomics #Turkey #Inflation #MelonHead #lira