Josh Sigurdson talks with author and economic analyst John Sneisen about the state of the Turkish economy following years of problems facing the Turkish Lira and vast expansion of infrastructure within the country.
While the roads are some of the nicest in the world and the vast growth of high rise buildings spreading from the north to the south of Turkey make it appear as though there is a lot of money flowing in, it's all veneer. It's vast debt. Vast quantities of money printing and it will not end well.
While Trump has contributed to the fall of the Lira with simple tweets in the past, the central planning within the country of Turkey is far more to blame at the end of the day with an unthinkable level of debt piling sky high.
This is a problem every state in the world faces. Turkey's just attempting to be first to fall by the looks of it. What looks like prosperity is just crippling debt and what looks like wealth is truly just vast future impoverishment of the masses.