As a Hungarian from the countryside, I see my parents and grandma getting poorer and poorer every day after they've been working for their entire lifetime. It happens to most families, too, but they still vote Orbán because he "protects" Hungary, and they blame politicians from the past. What is happening is brainwashing and demonization of anyone who is not Fidesz... My heart bleeds for my country.
I'm so sorry you're so brainwashed. No, Orban isn't making your family poorer. Sanctions and financial trickery from America and the EU are. You placing the blame on Orban is exactly as planned, and you're falling for it like a good little rube. This is how America coups countries that are problems for the liberal international order.
In my country, there are fans of a political group called yellows or kakampinks. They say the other side is stealing even though their favorite political faction is doing it themselves. Maybe that's what's happening in Hungary now. Orban is a good leader for keeping the Hungarians out of the immigration crisis.
@@woodykusaki9970 keeping a strong stance on immigration is one thing, stealing money is another. Poland also has a strict stance against illegal immigration similar to us, but their government officials dont have net worths in the billions. Mészáros Lőrinc, former mayor of a relatively small village and now also a businessman has 10x-ed his net worth in 5 years. He also happens to own Mediaworks Hungary, part of the Central European Press and Media Foundation (Közép európai sajtó és média alapítvány, KESMA) which is the single biggest media conglomerate in the country. Happens to also be good friends of Orbán, and it just so happens that the newspapers publihed by KESMA have high praise for Orbán. Orbán is a corrupt piece of shit. Even if you like his strict immigration policy he is a thief who prioritizes his own buddies and himself over the Hungarian people. As said in the video, even while having control over most of the media, his approval ratings have plummeted. Hungarians are starting to wake up and that in about 8 years the HUF/ EUR exchange rate has gone up 37%, and prices have doubled. For reference, the USD/EUR exchange rate was 50% worse in 2008 than it is now. I don't know what's going on in your country but you clearly don't know what's going on in mine either.
The EU has oppressed and fined Hungary, EU is a dictatorship gulag. I live in Romania and we're doing well, but at the cost of being a puppet state, with EU policies enforced on the population by force.
@@woodykusaki9970 At interesting argument, effectively the question would then be if all the money lost to the absolute level of corruption is worth keeping the "immigrants" out. Usually when you have a project you see who can do it best and cheapest. In my opinion it's not worth it and a new gov. could do similar or better for less. Orban is definitely not a good leader, a good leader would have handled the crisis without incuring penalties and not even an average leader would go to China to make up funds deficit. And even a bad leader wouldn't steal as much as he does while all of this is going down. The incompetence of gov. is apparent for everyone with eyes now. I wouldn't even be that mad for Orban to being an evil selfish bastard if he was actually competent. But the entire party got complacent now. Old pigs become sausages.
@@williamforsyth6667 Eh..?! Elections are literally part of democracy. The question is how a govt uses gerrymandering, voter suppression or corrupt use of public service broadcasting (like Órban) to push the narrative of his party.
Absolutely. Still, no government lasts forever. Let us hope that, at last, this is the end of him. The Poles got rid of their shower, why not Hungary....?
I have just had a conflict with one of Orban’s minion. We had a weekend house by the lake Balaton in a picturesque place…then one of Orban’s man started building a castle in the neighbourhood. He bought all the neighbours lands, then managed to demolish our house by the local government and after some threats we sold our plot to him. This is how things go in Hungary. Couldnt be further from Europe unfortunately. Btw this dude (called Daniel Jellinek) has a 330 million dollars wealth (at least thats the public part). Most likely stolen money from Hungarian/European tax payers. So now we are leaving to Spain, I dont want my daughter to live in such a corrupt shitty country.
I know Hungary a bit (incl. Balaton) and I live in Spain. It's nice here, great place for kids :) Watch out though, Jellinek has had dealings in Spain as well.
As a Hungarian, 60% here support EU membership and are against their govenment on this issue. Used to be 80% before Orbán. Don't be mistaken Orbán will remain in the EU and all of the signaling of opposition is a trick to have an enemy to blame in homeland politics.
Hungary needs to do this, Hungary needs to do that … brother, it’s just Orbán and not the whole damned country. If we had a single opposition candidate who wasn’t an absolute lunatic (aka, not a fascist or communist in cheap disguise) he would have been booted from office a decade ago. Nobody here wants to be a client state of Russia.
The sad thing is that Orban can still buy the pensioners with a 7% pension increase, and they will blindly vote for him. Hope we can get rid of him, and then we can be a valuable member of the EU. The younger generation want change!
I've been to almost every protest in Budapest since I was 17 years old, now I'm turning 32 and I'm begging all of you to please not get wasted the night before the elections, be there and vote for anything but these fucks.
@@Pippie5555 His friend is the richest in the country, because he made him the richest. If money is needed, his friend will cover it. And we also took loans from China XD
Funny case in point... At company my wife worked they we have considered an investment in Hungary to develop a factory on a place of brownfield, few years back... They were invited to a house and introduced to few people who said they will be our silent partner - meaning they will have a share in the project but will not invest any money or do nothing... But well explained that without them involved it will be very difficult to deal with HU authorities and they will not be able (more like allowed) to complete the project... Anybody's guess which family these people were tied to... They left and never looked back and thats how you slowly get your economy to this shite... Slovakia is now following well behind
@@traveler263 I wouldn't consider Elon Musk a South African billionaire as his assests are mostly in America. Soros would be the third richest hungarian expat I think, I cannot find concrete data on it.
5:00 Well not just lower demand, many companies choose to leave Hungary. Like Norsk Hydro(aluminum) closed down factory in 2023. Electrolux closed down in 2024(650 employees).
@@Pippie5555 2 Jan 2025 "The Bonbonetti confectionery factory in Budapest, owned by the Ukrainian Roshen group, has been permanently shut down" It's been sxisting since 1868 so very historical. All thanks to Orban and his pro fascism
Orban put ubrealistic amount and with high percentage of different fees on every type of companies to get more money to his family members and those companies wasnt able or didnt want to pay that. Ofc this extra fees increases every item price as well...
European Bureocrats are no better. Do I have to remind you that Antonio Costa was appointed as president of the European Council despite the fact he had been forced to resign a year early due to a scandal where he was suspected of being involved in a massive corruption case?
Hungary's attractiveness is declining significantly. The government's focus on immigration rhetoric, rather than addressing underlying economic issues, is failing to solve the country's challenges. The restrictive policies for foreign workers, coupled with increasing labor costs, high taxes, and energy prices, are making Hungary a less desirable destination for both immigrants and businesses. This is evidenced by the emigration of Hungarians to Western European countries in search of better opportunities, and ultimately risks businesses relocating
lmao are they still on the immigration issue? (i haven't followed local news here for a while because it's just so depressing.) that's just pathetic of them tbh. no one wants to immigrate here, even the syrian refugees from 2015 were just transiting through the country. hell, even a lot of people born here aren't staying any longer than they have to. i have no idea how that rhetoric still works for them. as if anyone wanted the mess they made for us
Virtually every statement in this post is false. Corporate tax for companies is 9% Personal income tax is 15% The energy price is one of the lowest in Europe, as are labor costs. Foreign workers can come from within the European Union at any time. External employees have a limit and an employment contract for a specific period of time. Illegal workers should stay at home, they don't have to. If labor migration were to go as some politicians claim, 4 million people would have to be resettled in Hungary so that the country would be mathematically empty. The whole video is a joke, simple slander, false data, but we are used to this from the liberal fascists.
Immigration IS an underlying economic issue, you dolt! "Increasing labor costs" is higher incomes! So you are complaining about Orban putting the Hungarian people first!
@@semmitnemfogadel Corporate tax is not an issue, inflation is not good for business either however. 15% income tax, and then 18.5% of social security tax and then 27% VAT, how much do you think this adds up to? Energy price should be calculate as a percentage of the income and labor costs are low, but that's good for someone and it's not the people. Foreign workers pay social security tax, but get no benefits from the government for anythin and mostly work for foriegn companies as well I dont wanna even bother going through all your claims, you're not trying to make any sense, just to muddy the waters. The effects of the problems are felt by the common people, they don't need the economic data, but its good to have it to avoid people like who try to claim our eyes are lying to us.
Orbán is the perfect example of a politician: started as a liberal neo-communist, backed by George Soros since 1988 (when Orban was still a university student), under Soros' scholarsip he also took some part in other Central European countries' anti-communist revolution. Later after 2 highly-unsuccessful elections he and his party Fidesz turned 180° and shifted to central-right and conservative rethoric, entered into alliance with the catholic party (yes, it's a thing in Hungary), later incorporating it.He then won an election in '98, lost 2 other in 2002 and 2006, when finally he took absolute control after his win in 2010 with Hungary being on the edge of bankruptcy. Ever since then they govern the country without any chance of stopping their will as they continously got 2/3 parliamnetal advantage. Since 2010 (when the country miraculously escaped bankruptcy thanks to Grandmaster Orbán) he deprivatezed and then re-privatezed most of Hungary's economy, brought NER into being, which is the multi-level network of Orban's strawmen that took literally the whole economy of Hungary into hostage. The re-privatization gave them companies like national banks, utility service providers, telecommunication providers and literally everything they got their greedy eyes' sight on. This system obviously does not work like any competitive economy, NER companies work with other NER companies, so business competition died as the only thing matters is 'social network' in NER. Orban's whole family, literally every relative of him became billionaire in the last 15 years. Meanwhile, almost half a million Hungarians left the country for working abroad, about 3 million live in poverty. And, just for calrification: it's not Orbán who's holding the migrants back from staying in Hungary, just the fact that Hungary is in worse economical shape than their own country they left behind.
I can agree with the facts. In the European Free Radio also mentions that immigrants whom expected better opportunities and fairly did their parts. One Kyrgyz women among the interviewees mentioned they had accumulated 8100 € debt and not received any means of welfare from the Hungarian state. Also the employer sacked them... One of its relatives also mentioned that is the same like the status of Mexico... Impoverishment, lack of opportunities, and false promises. They've moved to Germany and they tell honestly to do not plan in Hungary their future.
High inflation means that government "prints money" by selling out bonds and allowing too much loans to be handed out. Most of people doesn't know that central bank and commercial banks doesn't need any deposit to lend money (hence there is no interest on it). They allocate the money lent from "thin air" and if the debtor pays back, the balance returns to zero in theory (well, positive, if you count the interest). However, if that money spend the way that it makes little or no benefit to the Hungarian economy (for example stolen, but not spent or spent, but it will not contribute to gdp by it's own function), it will contribute to inflation. The borrowed money must spent to projects which generates money by itself afterwards. Like if a factory is built, it can contribute to gdp by producing goods and services, the new employees will spend their wages to services which made just for them, etc. Building a new hospital would also contribute, because it makes patients more healthy, so they can "produce" more efficiently. Same goes to education. But if they spend the money to upgrade castles, which they then sell to themselves, which they will close, since it will still not make it profitable, the money will just generate inflation. You can guess, only the last example (and similar) actually happens here.
@@lokilaufeyson7035 REally? 1/3 of your country is occupied, millions of people immigrated, your green shirt actor is the most currupt in the world, you live on other nations' money and soon you collapse. Wow, no thanks
We did vote for Orban, last election was a huge landslide victory, and it was not even close. You have to understand, propaganda *works* and is the cornerstone of modern authoritarianism. You cannot expect change from within. EU bad, Soros bad, migrants boo, Orban will save us from war etc etc. It works, it will keep working, and the vast majority of voters will not connect the dots. Furthermore, unfortunately Hungary is now in a state where *even if* by some miracle an opposition party is elected, they will have basically no way to reverse the deterioration quickly enough (which means 4 years after the "miracle" it will be Fidesz all over again). We are now not very far from Ukraine/Russia when it comes to oligarchs controlling the private sector, and it's extremely difficult and time consuming to get rid of them. The constitution has been changed in ways that are almost impossible to reverse, and the heads of the legislative branch are Fidesz loyalists with indefinite terms. When the rule of law measures were enforced I was so hopeful that it would start some kind of change, but alas, even the gigantic financial pressure did not make the government budge. Absolutely idiotic. Now the only option I see is that change has to come from the private sector, from us, in very slow increments. Try to do a decent job, try to foster your relationships, try to build trust between people in your limited surroundings, and within the confines of the government's urambatyam attitude. We have to very slowly rebuild the internal structure of our society until it can cultivate a healthy democracy. This will take generations.
It is ironic that the EU withholds funds because of immigration policy while their own countries are in disarray due to the failure of said policies. Orban is a problem no doubt, but immigration isn't one of them. The best case scenario is Orban being voted out while the EU gets it's act together. Shut down the borders temporarily while sorting out repairing the damage already done and finding a better solution for the future.
Being the most corrupt country in EU and always working against the EU and all its member countries does not help Hungary with its relations to other countries and its economy. Its a country in the middle of Europe and would therefore have a huge potential to grow economically. I as a regular person living in another country just get upset seeing Orban fighting all of the EU and lying to its people. So if more people, companies and countries see it that way it's a problem for Hungary. Companies do not want to invest in an unstable country with democratic problems that in the long run can cost the company a lot of money. Companies have already learned that lesson from investing in countries like China and are now moving back more and more production from China.
Orban now is like a horrible tenant: braking the walls, ripping the floor up to heat, and ripped out the window to sell it... Whoever will take over would instantly lose popularity, because this budget disaster cant be fixed by a new goverment. At least not in years... Raising taxes are out of question. Hungary has the highest tax in THE WORLD! Around 55% of wages eaten up by numerous tax ways... Lets not ignore that Irban spending the majority of money on "family businesses" and the public space is wallpapered in "Hungary is doing well" propaganda...
@ Hungary is doing worse and worse, so no Orban is not fixing things. Orban failed his people who will now have to pay a lot more for heating as they are seeking a last minute solutions.
@Pippie5555 They won't though. Energy prices here continue to be low, turkstream will be repaired, etc. And hungary is doing worse and worse, but orban also did fix a lot of things.
Well, I’ve been sitting on $157k in an emergency fund, just waiting for a good time to invest. But with Hungary’s economy in the dumps, who knows when that’ll be! Just need a headstart at this point. Anyone else feeling the pain of missed opportunities?
It’s so sad that many Hungarian people have lost their homes, businesses, and are becoming poorer. The prices of food and everything else in the country are very high, while some Hungarian political groups are getting richer and richer. Hungary is in a very bad state.
You know what is the saddest thing in my opinion? A lot of people work hard, 3-4 shifts and 6 days a week and yet they have to think twice what food they can afford when shopping.... Food is so expensive due to taxes and inflation, that we spend 1/3 of our salaries on it. Mindblowing
She is telling the truth. The whole world sees what is going on in our country, but a lot of hungarian people are blind to realise that we are wronged by our own government....
You forget the population decrease: many young highly educated Hungarians flee. Also the totally corrupt system enriching the Orban clan, makes businesses move out of Hungary before/because they became a victim of this state backed corruption.
And to make things even worse for the hungarians 🇭🇺, Orban's costly natalist policies are nowhere near as effective as he hoped. But then again things could be better if he sided with the EU 🇪🇺 rather Russia 🇷🇺 after it's invasion of Ukraine 🇺🇦.
Orban knows exactly what he's doing. He keeps waving the great hungary flag in their faces, to keep their wet dreams alive, while with the other hand he's stuffing his pockets and of those around him, getting richer by the day. He got them by the balls, while they're cheering for him 😂😂
@@djinghiskhan9199 Having a 20%+ Central Bank Discount rate is no good at any metrics. And even worse it still cannot stop the inflation. The only reason why Russia seem good on paper is ridiculous amount of money it's government spending on war. It drives up GDP numbers, but this kind of economy is not sustainable.
@@SheikhBouAounI am a simple lower-echelon teacher in the Netherlands. My salary has increased by 50% in five years. Of course, a part of it has been eaten by inflation, but I’m better off now than I was five years ago.
@SheikhBouAoun Southern Europe, Scandinavia, the Baltics and Poland have been doing well. Some others as well. Germany, France and Britain are in a slowdown for the time being.
This is great work guys. I am a new subscriber and have just watched my 2nd video here but most of the graphs you only show for 2 seconds, not enough to look at them properly. Really annoying. Please show graphs for 10 seconds at least
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
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The HU government has made far too many poor choices, many intentionally corrupt, at the expense of locals. Being in any job, including government, does not mean one is competent. Competency is difficult to come by, especially in politics.
Hungarian spending doesn’t work because Hungary is a semi-oligarchy. I studied abroad there and had a Hungarian girlfriend. As far as I understood, most public funding is spend on (kind of) unnecessary infrastructure such as football stadiums, while the most popular sport in Hungary is water polo. Recapitulatory, it’s mostly a matter of misspending, which is very unfortunate. Budapest especially is one of the best cities to live in Europe, despite the problem caused by misspending. It’s one of the only major cities mostly spared by the large European wars, making it a very nice place to stay at, at least visually. If there were a real democratic regime, many issues could be fixed, making the city one of the most influential in Europe. After all, who doesn’t wanna live in a beautiful and peoples oriented city design.
" It’s one of the only major cities mostly spared by the large European wars" 😆😆😆 Allies bombed Budapest to dust and the siege of Budapest by the Soviets was one of the deadliest battle in Europe during WWII... Then 1956... Hitler declared Budapest a fortress must be held at all cost...
Orban has had his hand in the till for decades. Thats partly why so many left Hungary. Relying on EU handouts as a huge chunk of your economy is not a good fiscal policy! Let pooptin pay for him, the decent Hungarian deserves better president!
Of course, the EU needs more money to keep funding the maximum exponents of democracy in the form of Azerbaijan or Turkey, who neither constantly blackmail us nor engage in genocidal practices. I am glad to be part of a union with consistent values and the strength to face up against the evil dictators in the world
I never understood why Hungry should be in the Eu. Let population vote or for orban(or his friend poetin ) or into EU .but not in 1 leg and the other in other direction.
Orbán never had a large majority, the vast majority support the EU. The problem is 1.000.000 already live abroad and have difficulties voting. The rest of the opposition is divided between smaller parties. This is why the rise of TISZA is huge, finally a party which can hopefully unite most opposition voters and attract new ones as well. There are more than 8.000.000 eligible voters and only around 2 M vote for Orban. The issue is they do everything they can to skew the results. It's the Finkelstein recipe for authoritarianism.
I recently met a certain person who hangs out with hungarian oligarchs. He assured me that the hungarian economy is doing fine and that there is money everywhere. I asked him where Orban is getting this money from if taxes are so low... He didn't know.
Hungary needs to decide whether to go with dictatorship Russia's $2-trillion economy, or with the democratic EU's $19-trillion economy. Which is better for the citizens and their children and grandchildren? Yes, some EU countries are going through a temporary post-inflation slowdown, but it is still far, far better.
He will never be voted out, and even when he resigns due to health, it'll be one of his thralls who replaces him. We have the government we deserve in return for our apathy.
@@Maxშემიწყალე damn bro its not like that, and in Magdeburg it wasn't a terrorist attack, the criminal was a saudi-arabian doctor who was living in Germany since 2006. By the way there is a huge difference between economical immigrant and asylum seekers
@@autobobmaric wow, I was worried for a second, but now I can sleep well, knowing that it was a a saudi-arabian doctor living in germany since 2006 and not a recent migrant
As a Hungarian I would like to write that it's not easy for the Hungarian people to fight against state organized crime. A lot of people don't know what is going on because of propaganda.
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You're getting it wrong. Orbán's reelection is not based on economic performance (if it is not a total collapse, and 400 out of an 10 000 (+40 000 national) budget is hurting but not a collapse.). It is based on the lack of talent and quality and huge nepotism and favoritism on its opposition side.
Oh wait! There isn't a war in Ukraine? No Energy shortages generated by sanctions on Russia? Do they not want to close factories in Germany, e.g. Wolswagen, for the reasons just mentioned? Is the EU not pumping all its money into Ukraine at the expense of other EU countries?...
Lots of 'governments need to balance their budget' logic in this video. The Maastricht Treaty deficit as a % of GDP is far too low and constains economies. Hungary should not be penalized for creating fiat money to grow their economy.
@@kornel72 I hope for your own good that you're overstating the seriousness of the situation. What you describe is complete destruction of democratic principles and order of law. That would indeed mean a failed state. I'd say that Hungary is a flawed state in decline---but it can be reversed by rejecting Orbán's regime and reverting the authoritarian changes he made. This, however, requires people to _have_ trust in democratic mechanisms and institutions (including the government) and *not* to seek "alternative ways". That'd be just like Brits and their Brexit---same mistake in principle (but much worse in effect). They, too, abandoned the EU project just because it wasn't perfect (and because of a lot of lies). Don't do the same with Hungarian democracy.
It is not that we dont have the money. The problem is the government spend/spent it on stupid things! 2 Billion USD to build the Budapest-Belgrad railway which is nonsense. 2.4 Billion for buying Budapest Airport while Orbán said "we dont have the money to renovate our railway stations" LOL
The Budapest-Belgrade line is partly built with Chinese money, tossing the country into a debt that even our great-grandchildren will have to pay for.... all for Chinese interests!
Stadiums stadiums stadiums. Also buying Vodafone... Mini Dubai project much? Biodome? And this is just Budapest, how about the transport museum's idea? This guy is ridiculous, we need to get rid of him. Vote for TISZA please
Orban also came to Bucharest to convince our corrupt idiot in chief to agree to a speed railway Budapest-Bucharest and from the moment I heard about it I thought it might be something fish with it, somehow they are profiting off it, they certainly aren't doing it for the us.
Perhaps the greatest, and a horribly overlooked factor in Hungary's budget issues is the extremely regressive tax system. On top of the flat 15% income tax, there's an additional 18.5% "social insurance" and a 13% "social contribution" tax specifically on wages, that is deducted by the employer. And of course we have the highest consumption taxes in Europe (27% VAT, with some exceptions), which once again is a disproportionate burden on those without excess wealth. On the other end, we have the lowest corporate tax rate in the EU. And the social contribution tax (which would also apply to capital gains) is explicitly regressive. Beyond a certain amount of income, you do not need to pay any more of it. This means that an employer can deduct the tax from their employees' wages, and then not pay *any* taxes on capital gains. So in the end, you have the poorer 90% of the population paying an effective ~50% tax, and the richer 10% (comprised in large part by friends and collaborators of Fidesz) paying something more like 20%. And since the average Hungarian didn't have all that much to begin with, the taxes end up not bringing in enough money.
Business as usual brother, tax the hell out of the poor and keep the rich oligarchs happy and loyal by favoring and enriching them with every damn policy and tax practice
One can hope that soon less of the country’s coffers will be going to houses and yachts for the president’s friends and allies, and more will be available for more conventional use by the government
I can agree about agreeing to the Rule of Law requirements, but not to the EU's migration policies. I'd rather not have German Xmas markt events, thanks.
I don't see him losing popularity as massively as he and his party should do so even though the numbers in terms of economy and overall performance are indeed terrible (have some part of my family in HU). But would be happy if someone could deny me!
It can't be Orban is such a great leader. I mean he has such a great house and all and he gets admired by an upcoming president. He can't be failing as a leader.
@@nosknosknosk bro in this day and age there are plenty comments just like that, completely serious. We are so cooked i cant tell anymore, sarcasm, rage bait, honest stupidity its all possible.
I can tell you why, corruption. Or did we forget already this guy build a football stadium in his home town that can seat 10x the amount of people of the town. Not to mention all other private luxeries of the party.
The amount of media and money that has been spent blasting Orban and Hungry of all places is frankly baffling…It’s a nothing area in the grand scheme of things. He’s also been in power for almost 16 years now? Outside of Singapore that’s probably the top end of what even a natural ruling majority can expect
It doesn't help to be an oligarchy. Hungary resembles Russia in this. And the US is moving in that direction. You end up with similar styles of government.
Look at the historic HUF-EUR or HUF-USD exchange rate... HUF is just going down continually, for the last 20 years pretty much. Around 2007 one Euro was worth ~250 HUF, and now it's almost 415 HUF. I find it laughable how they are talking about 'strengthening' sometimes, when it goes up 5% for a week. It's a terrible situation for the population of such an import-dependent country. Except of course for the maffia state and their friends - they are becoming multi-millionaires or even billionaires.
@@yordanstefanov5570 the hungarian alphabet works extremely well, it has a nearly 1:1 mapping between written and spoken form of words outside of some traditional spellings (which also work with simple, intuitive rules). there are many things that are hella complex about this language but its writing system isn't, it just needs a little learning, like every other language's writing system. the name "Péter Magyar" has a voiced palatal plosive in it (the "gy" sound, /ɟ/, it's kinda rare in europe) which does not exist or have a close equivalent in english or adjacent languages, so no hard feelings on that one. (if you do wanna try, you can pronounce something pretty close to it like "maghyar", as in a soft "g" sound like in "gift", followed by a "y" -- it's actually the logic behind the hungarian diphtong.) but "Tisza" is really simple to pronounce as "tisa". in general, the same sound that "s" (usually) is in english is written as "sz" in hungarian, and the english "sh" written as "s", which is why "Budapest" is spelled like "Budapesht". it's very consistent and easy to parse even to a non-speaker once you learn this one simple rule -- unlike english, where for example, the words "same", "nose", and "fusion" assign completely different sounds to this one letter, and the only way to know which one you should use is to build a complex and abstract understanding of english spelling patterns. the reason for this difference is the relation between the alphabets and phonologies of each language. english has 26 consonants and 16-22 vowels depending on the dialect, which it somehow tries to express with an alphabet consisting of only 26 unmodified letters. hungarian, on the other hand, only has 25 consonants and 14 vowels, unambiguously mapped to an alphabet of 44 letters, diphtongs and one triphtong included, constructed of 35 unique glyphs. this leaves english with a complicated system to compress a large number of sounds to a much small number of letters at almost a 2:1 ratio, while hungarian is cruising comfortably with actually 5 redundant letters/diphtongs (ly, q, w, x, y). there are a lot of other things this interacts with, and ultimately i actually vastly prefer english's way of handling things. but i just wanted to address two things: no, there's no alphabet reform needed, the hungarian alphabet is perfectly self-consistent, and your assumption that "S" always means the same thing doesn't hold true even within the english language. hell, even latin itself wasn't consistent on that one.
As a Hungarian from the countryside, I see my parents and grandma getting poorer and poorer every day after they've been working for their entire lifetime. It happens to most families, too, but they still vote Orbán because he "protects" Hungary, and they blame politicians from the past. What is happening is brainwashing and demonization of anyone who is not Fidesz... My heart bleeds for my country.
Yes, that's true, but the awakening has finally begun.
I'm so sorry you're so brainwashed. No, Orban isn't making your family poorer. Sanctions and financial trickery from America and the EU are. You placing the blame on Orban is exactly as planned, and you're falling for it like a good little rube.
This is how America coups countries that are problems for the liberal international order.
@@grafzeppelin4069When you act like an idiot in terms of foreign policy you’re gonna reap the consequences
@@Mouritzeen Orban is not an "idiot", America & the EU are just a totalitarian regime that economically strongarms other countries into submission.
No, he is a democratically-elected sovereign leader, the same as Putin.
Stealing most of public money is not a good budgetary policy
In my country, there are fans of a political group called yellows or kakampinks.
They say the other side is stealing even though their favorite political faction is doing it themselves.
Maybe that's what's happening in Hungary now. Orban is a good leader for keeping the Hungarians out of the immigration crisis.
@@woodykusaki9970 what's the point of avoiding immigration if you make your people the poorest in Europe and bankrupt your country in the process?
@@woodykusaki9970 keeping a strong stance on immigration is one thing, stealing money is another. Poland also has a strict stance against illegal immigration similar to us, but their government officials dont have net worths in the billions. Mészáros Lőrinc, former mayor of a relatively small village and now also a businessman has 10x-ed his net worth in 5 years. He also happens to own Mediaworks Hungary, part of the Central European Press and Media Foundation (Közép európai sajtó és média alapítvány, KESMA) which is the single biggest media conglomerate in the country. Happens to also be good friends of Orbán, and it just so happens that the newspapers publihed by KESMA have high praise for Orbán.
Orbán is a corrupt piece of shit. Even if you like his strict immigration policy he is a thief who prioritizes his own buddies and himself over the Hungarian people. As said in the video, even while having control over most of the media, his approval ratings have plummeted. Hungarians are starting to wake up and that in about 8 years the HUF/ EUR exchange rate has gone up 37%, and prices have doubled. For reference, the USD/EUR exchange rate was 50% worse in 2008 than it is now. I don't know what's going on in your country but you clearly don't know what's going on in mine either.
The EU has oppressed and fined Hungary, EU is a dictatorship gulag. I live in Romania and we're doing well, but at the cost of being a puppet state, with EU policies enforced on the population by force.
@@woodykusaki9970 At interesting argument, effectively the question would then be if all the money lost to the absolute level of corruption is worth keeping the "immigrants" out.
Usually when you have a project you see who can do it best and cheapest. In my opinion it's not worth it and a new gov. could do similar or better for less.
Orban is definitely not a good leader, a good leader would have handled the crisis without incuring penalties and not even an average leader would go to China to make up funds deficit. And even a bad leader wouldn't steal as much as he does while all of this is going down.
The incompetence of gov. is apparent for everyone with eyes now. I wouldn't even be that mad for Orban to being an evil selfish bastard if he was actually competent.
But the entire party got complacent now. Old pigs become sausages.
All the while Orban's best friend and his son in law doubled their wealth in a si gle year...
these idiots will still vote for him
@@gabagooom Don't mistake elections with democracy.
Very Trumpian.
@@williamforsyth6667 Eh..?! Elections are literally part of democracy. The question is how a govt uses gerrymandering, voter suppression or corrupt use of public service broadcasting (like Órban) to push the narrative of his party.
You're just a jealous loser and he is a successful businessman.
Given Orbans grip on the media in Hungary it’s actually a testament to how bad things must be if opposition are polling ahead
Let me tell You, it absolutely is!
Absolutely. Still, no government lasts forever. Let us hope that, at last, this is the end of him. The Poles got rid of their shower, why not Hungary....?
Absolutely it is
I am writing from Hungary! Help I am being arrested for watching this video!!! auuugghhhhhhhh opposition save me.
@@hgkghkhgkgh8378Nice try ruski
I have just had a conflict with one of Orban’s minion. We had a weekend house by the lake Balaton in a picturesque place…then one of Orban’s man started building a castle in the neighbourhood. He bought all the neighbours lands, then managed to demolish our house by the local government and after some threats we sold our plot to him. This is how things go in Hungary. Couldnt be further from Europe unfortunately. Btw this dude (called Daniel Jellinek) has a 330 million dollars wealth (at least thats the public part). Most likely stolen money from Hungarian/European tax payers. So now we are leaving to Spain, I dont want my daughter to live in such a corrupt shitty country.
Enjoy the nice sunny weather :)
I know Hungary a bit (incl. Balaton) and I live in Spain. It's nice here, great place for kids :) Watch out though, Jellinek has had dealings in Spain as well.
all this mofos r together all over the world even if countries at war , u could see that at covid
@@TheDotBot The difference though is that rule of law still mostly applies in Spain.
your society is a complete failure. sorry.
Hungary needs to decide if they are with the EU or are they a client state of Russia.
Hungarians want him out for the most part. But votes don't matter, Orbán's running a kleptocratic Russophile government that steals everyone's future
As a Hungarian, 60% here support EU membership and are against their govenment on this issue. Used to be 80% before Orbán.
Don't be mistaken Orbán will remain in the EU and all of the signaling of opposition is a trick to have an enemy to blame in homeland politics.
Hungary needs to do this, Hungary needs to do that … brother, it’s just Orbán and not the whole damned country.
If we had a single opposition candidate who wasn’t an absolute lunatic (aka, not a fascist or communist in cheap disguise) he would have been booted from office a decade ago.
Nobody here wants to be a client state of Russia.
We can't really decide like that. This is like asking Belarusians to overthrow their government in a day or they are an enemy of us.
Hungary has an Orban problem, not the people themselves.
The sad thing is that Orban can still buy the pensioners with a 7% pension increase, and they will blindly vote for him. Hope we can get rid of him, and then we can be a valuable member of the EU. The younger generation want change!
I've been to almost every protest in Budapest since I was 17 years old, now I'm turning 32 and I'm begging all of you to please not get wasted the night before the elections, be there and vote for anything but these fucks.
Hungary cannot afford to increase the pensions.
@@Pippie5555 His friend is the richest in the country, because he made him the richest. If money is needed, his friend will cover it. And we also took loans from China XD
You are propagandized.
@@kaponyasmartin Sorry to hear that. 😞
Corruption is an expensive business model
Imported from Orcssia.
Especially when mixed with a healthy dose of propaganda... "I'm stealing from you... but let's blame others for what I did !"
@@kronos7110 Niet. We're not to blame for Hungary. They did it to themselves.
Its everywhere, and its always a Timebomb
Corruption for not wanting to look like Germany? Yeah, Hungary is in the right here.
Funny case in point... At company my wife worked they we have considered an investment in Hungary to develop a factory on a place of brownfield, few years back... They were invited to a house and introduced to few people who said they will be our silent partner - meaning they will have a share in the project but will not invest any money or do nothing... But well explained that without them involved it will be very difficult to deal with HU authorities and they will not be able (more like allowed) to complete the project... Anybody's guess which family these people were tied to... They left and never looked back and thats how you slowly get your economy to this shite... Slovakia is now following well behind
Thanks!
Seeing as hungarys richtet man is literally a childhood buddy of Orban, who got rich through government contracts.
This somehow does not surprise me
His son-in-law is also the 15th richest in Hungary. (I think he could go higher but it would be too suspicious for even the most blinded)
@@rolandb.1866 how about Soros? what number is he in Hungary?
@@traveler263
But but but Soroz!
@@traveler263 I wouldn't consider Elon Musk a South African billionaire as his assests are mostly in America.
Soros would be the third richest hungarian expat I think, I cannot find concrete data on it.
@@traveler263Soros doesn’t live in Hungary since 1944. Must be the weather, who knows…
5:00 Well not just lower demand, many companies choose to leave Hungary. Like Norsk Hydro(aluminum) closed down factory in 2023. Electrolux closed down in 2024(650 employees).
Waow. Why?
@@Pippie5555 Had enough of the corruption and Orban I guess
@@Pippie5555 2 Jan 2025 "The Bonbonetti confectionery factory in Budapest, owned by the Ukrainian Roshen group, has been permanently shut down" It's been sxisting since 1868 so very historical. All thanks to Orban and his pro fascism
Orban put ubrealistic amount and with high percentage of different fees on every type of companies to get more money to his family members and those companies wasnt able or didnt want to pay that. Ofc this extra fees increases every item price as well...
Right. Thank you for the info.
The fact that there are people who want Orban-style govts in the West beggars belief.
Hungary is one of the worst performing countries in Europe
weak man needs strong leader
@magyararon6918 That explains people who vote for authoritarians.
Weak people always want someone to save them, and dictators are ready to oblige.
The masses are dumb. The West is no exception.
You meant to say that the clueless favour autocracy just like Christians pray to a sky Daddy to come solve their problems?
Why Hungary's economic woes are getting worse?.... because the country is run by a crook.
European Bureocrats are no better. Do I have to remind you that Antonio Costa was appointed as president of the European Council despite the fact he had been forced to resign a year early due to a scandal where he was suspected of being involved in a massive corruption case?
STOP VOTING FOR HIM THEN
@tedchirvasiu .... ? Does Richard look like a Hungarian name to you?
Hungary's attractiveness is declining significantly. The government's focus on immigration rhetoric, rather than addressing underlying economic issues, is failing to solve the country's challenges. The restrictive policies for foreign workers, coupled with increasing labor costs, high taxes, and energy prices, are making Hungary a less desirable destination for both immigrants and businesses. This is evidenced by the emigration of Hungarians to Western European countries in search of better opportunities, and ultimately risks businesses relocating
lmao are they still on the immigration issue? (i haven't followed local news here for a while because it's just so depressing.) that's just pathetic of them tbh. no one wants to immigrate here, even the syrian refugees from 2015 were just transiting through the country. hell, even a lot of people born here aren't staying any longer than they have to.
i have no idea how that rhetoric still works for them. as if anyone wanted the mess they made for us
Thats typical of conservatives.
Virtually every statement in this post is false.
Corporate tax for companies is 9%
Personal income tax is 15%
The energy price is one of the lowest in Europe, as are labor costs.
Foreign workers can come from within the European Union at any time.
External employees have a limit and an employment contract for a specific period of time.
Illegal workers should stay at home, they don't have to.
If labor migration were to go as some politicians claim, 4 million people would have to be resettled in Hungary so that the country would be mathematically empty.
The whole video is a joke, simple slander, false data, but we are used to this from the liberal fascists.
Immigration IS an underlying economic issue, you dolt! "Increasing labor costs" is higher incomes! So you are complaining about Orban putting the Hungarian people first!
@@semmitnemfogadel Corporate tax is not an issue, inflation is not good for business either however.
15% income tax, and then 18.5% of social security tax and then 27% VAT, how much do you think this adds up to?
Energy price should be calculate as a percentage of the income and labor costs are low, but that's good for someone and it's not the people.
Foreign workers pay social security tax, but get no benefits from the government for anythin and mostly work for foriegn companies as well
I dont wanna even bother going through all your claims, you're not trying to make any sense, just to muddy the waters. The effects of the problems are felt by the common people, they don't need the economic data, but its good to have it to avoid people like who try to claim our eyes are lying to us.
Orbán is the perfect example of a politician: started as a liberal neo-communist, backed by George Soros since 1988 (when Orban was still a university student), under Soros' scholarsip he also took some part in other Central European countries' anti-communist revolution. Later after 2 highly-unsuccessful elections he and his party Fidesz turned 180° and shifted to central-right and conservative rethoric, entered into alliance with the catholic party (yes, it's a thing in Hungary), later incorporating it.He then won an election in '98, lost 2 other in 2002 and 2006, when finally he took absolute control after his win in 2010 with Hungary being on the edge of bankruptcy. Ever since then they govern the country without any chance of stopping their will as they continously got 2/3 parliamnetal advantage.
Since 2010 (when the country miraculously escaped bankruptcy thanks to Grandmaster Orbán) he deprivatezed and then re-privatezed most of Hungary's economy, brought NER into being, which is the multi-level network of Orban's strawmen that took literally the whole economy of Hungary into hostage. The re-privatization gave them companies like national banks, utility service providers, telecommunication providers and literally everything they got their greedy eyes' sight on. This system obviously does not work like any competitive economy, NER companies work with other NER companies, so business competition died as the only thing matters is 'social network' in NER.
Orban's whole family, literally every relative of him became billionaire in the last 15 years.
Meanwhile, almost half a million Hungarians left the country for working abroad, about 3 million live in poverty.
And, just for calrification: it's not Orbán who's holding the migrants back from staying in Hungary, just the fact that Hungary is in worse economical shape than their own country they left behind.
I can agree with the facts. In the European Free Radio also mentions that immigrants whom expected better opportunities and fairly did their parts. One Kyrgyz women among the interviewees mentioned they had accumulated 8100 € debt and not received any means of welfare from the Hungarian state. Also the employer sacked them... One of its relatives also mentioned that is the same like the status of Mexico... Impoverishment, lack of opportunities, and false promises. They've moved to Germany and they tell honestly to do not plan in Hungary their future.
So just the tories in great britain?
@@WDHírügynökségthat kinda helps the goal of "no migrants more in" (yes he actually said that). He wanted that, it comes with that.
@rotykos Interesting, thanks.
"liberal neo-communist" makes absolutely no sense
Because Hungary doesn’t have prime minister. Prime minister has Hungary. Big difference!
This is, unfortunately, almost the literal truth.
Just wondering where is Ireland in all your published data ?
Lots of bluster from Orbán, but he gets nothing done. Hungarians start to notice.
High inflation means that government "prints money" by selling out bonds and allowing too much loans to be handed out. Most of people doesn't know that central bank and commercial banks doesn't need any deposit to lend money (hence there is no interest on it). They allocate the money lent from "thin air" and if the debtor pays back, the balance returns to zero in theory (well, positive, if you count the interest). However, if that money spend the way that it makes little or no benefit to the Hungarian economy (for example stolen, but not spent or spent, but it will not contribute to gdp by it's own function), it will contribute to inflation. The borrowed money must spent to projects which generates money by itself afterwards. Like if a factory is built, it can contribute to gdp by producing goods and services, the new employees will spend their wages to services which made just for them, etc. Building a new hospital would also contribute, because it makes patients more healthy, so they can "produce" more efficiently. Same goes to education. But if they spend the money to upgrade castles, which they then sell to themselves, which they will close, since it will still not make it profitable, the money will just generate inflation. You can guess, only the last example (and similar) actually happens here.
Please someone, anyone, free us from Orban. We didn't vote for him, we don't want him and his lackeys here.
Sincerely, a Hungarian.
Ukraine showed u the way, now u just have to walk it
So get off your ass then! Don't expect other nations to do your job for you.
Well, idiot, we actually voted for him. ANd I hope he remains for a long time...
@@lokilaufeyson7035 REally? 1/3 of your country is occupied, millions of people immigrated, your green shirt actor is the most currupt in the world, you live on other nations' money and soon you collapse. Wow, no thanks
We did vote for Orban, last election was a huge landslide victory, and it was not even close. You have to understand, propaganda *works* and is the cornerstone of modern authoritarianism. You cannot expect change from within. EU bad, Soros bad, migrants boo, Orban will save us from war etc etc. It works, it will keep working, and the vast majority of voters will not connect the dots.
Furthermore, unfortunately Hungary is now in a state where *even if* by some miracle an opposition party is elected, they will have basically no way to reverse the deterioration quickly enough (which means 4 years after the "miracle" it will be Fidesz all over again). We are now not very far from Ukraine/Russia when it comes to oligarchs controlling the private sector, and it's extremely difficult and time consuming to get rid of them. The constitution has been changed in ways that are almost impossible to reverse, and the heads of the legislative branch are Fidesz loyalists with indefinite terms.
When the rule of law measures were enforced I was so hopeful that it would start some kind of change, but alas, even the gigantic financial pressure did not make the government budge. Absolutely idiotic.
Now the only option I see is that change has to come from the private sector, from us, in very slow increments. Try to do a decent job, try to foster your relationships, try to build trust between people in your limited surroundings, and within the confines of the government's urambatyam attitude. We have to very slowly rebuild the internal structure of our society until it can cultivate a healthy democracy. This will take generations.
good to hear an outsider talk about my country.
currently no one in my language is talking about this... at least no one that i could be trust.
It is ironic that the EU withholds funds because of immigration policy while their own countries are in disarray due to the failure of said policies. Orban is a problem no doubt, but immigration isn't one of them. The best case scenario is Orban being voted out while the EU gets it's act together. Shut down the borders temporarily while sorting out repairing the damage already done and finding a better solution for the future.
Exactly, this a lefties crap. EU's debt has been grown significantly since the pandemic and the illegal immigration crisis and nobody talks about it.
Being the most corrupt country in EU and always working against the EU and all its member countries does not help Hungary with its relations to other countries and its economy. Its a country in the middle of Europe and would therefore have a huge potential to grow economically.
I as a regular person living in another country just get upset seeing Orban fighting all of the EU and lying to its people. So if more people, companies and countries see it that way it's a problem for Hungary.
Companies do not want to invest in an unstable country with democratic problems that in the long run can cost the company a lot of money. Companies have already learned that lesson from investing in countries like China and are now moving back more and more production from China.
Orban now is like a horrible tenant:
braking the walls, ripping the floor up to heat, and ripped out the window to sell it...
Whoever will take over would instantly lose popularity, because this budget disaster cant be fixed by a new goverment. At least not in years...
Raising taxes are out of question. Hungary has the highest tax in THE WORLD! Around 55% of wages eaten up by numerous tax ways...
Lets not ignore that Irban spending the majority of money on "family businesses" and the public space is wallpapered in "Hungary is doing well" propaganda...
And the highest sales tax (VAT) in the world.
Will it have enough heating for this winter?
There is no budget disaster. That above is what the PREVIOUS regime did. Orbans government has been buying stuff back previously privatized...
@ Hungary is doing worse and worse, so no Orban is not fixing things.
Orban failed his people who will now have to pay a lot more for heating as they are seeking a last minute solutions.
@Pippie5555 They won't though. Energy prices here continue to be low, turkstream will be repaired, etc.
And hungary is doing worse and worse, but orban also did fix a lot of things.
@ I really hope Hungary will leave the EU and NATO. Go with Russia.
Instead we invite Ukraine to the EU and NATO.
Everybody's happy then.
Well, I’ve been sitting on $157k in an emergency fund, just waiting for a good time to invest. But with Hungary’s economy in the dumps, who knows when that’ll be! Just need a headstart at this point. Anyone else feeling the pain of missed opportunities?
It’s so sad that many Hungarian people have lost their homes, businesses, and are becoming poorer. The prices of food and everything else in the country are very high, while some Hungarian political groups are getting richer and richer. Hungary is in a very bad state.
You know what is the saddest thing in my opinion? A lot of people work hard, 3-4 shifts and 6 days a week and yet they have to think twice what food they can afford when shopping.... Food is so expensive due to taxes and inflation, that we spend 1/3 of our salaries on it. Mindblowing
But didn't they vote for Orban?
Do not lie!!!!!!!!!!!
She is telling the truth. The whole world sees what is going on in our country, but a lot of hungarian people are blind to realise that we are wronged by our own government....
@@fodorvik You lie too... Look at real facts and statistics not only perceptions of your personal bubble.
Deservingly so. Orban has got to go.
He is a terrible leader in nearly every possible way. I have no idea how can Trump like him
Trump is the same thats how
@@izes_palacsintaexactly. I'll vote for TISZA and sit back and watch the US crumble under Trump
Birds of the same feathers flock together.
It's everywhere like that. Also the inflation is crazy.
You forget the population decrease: many young highly educated Hungarians flee. Also the totally corrupt system enriching the Orban clan, makes businesses move out of Hungary before/because they became a victim of this state backed corruption.
why aren t romania and bulgaria included on the change in houly wages list?
And to make things even worse for the hungarians 🇭🇺, Orban's costly natalist policies are nowhere near as effective as he hoped. But then again things could be better if he sided with the EU 🇪🇺 rather Russia 🇷🇺 after it's invasion of Ukraine 🇺🇦.
He loooooves Putin though.
He chose to leans towards both russia and the EU which is disastrous.
Orban knows exactly what he's doing. He keeps waving the great hungary flag in their faces, to keep their wet dreams alive, while with the other hand he's stuffing his pockets and of those around him, getting richer by the day. He got them by the balls, while they're cheering for him 😂😂
@@vardekpetrovic9716
And they never really work:/
Would rather have that in the UK instead of unfeathered migration.
We have a huge different between poors and rich people here beacuse we waste the last 14 years, the most corupted system in EU I guess
Orban borrowed a book named "How to destroy your own country economy" from his dearest friend in russia...
Russian economy is doing better than most EU countries. Never seen sanctions backfire so hard before.
@@djinghiskhan9199no
@@djinghiskhan9199 Having a 20%+ Central Bank Discount rate is no good at any metrics. And even worse it still cannot stop the inflation. The only reason why Russia seem good on paper is ridiculous amount of money it's government spending on war. It drives up GDP numbers, but this kind of economy is not sustainable.
Germany is destroying its economy, not Russia. The West is in decline, it has no future...
Germans and english seem to have read the book before hungary.😂😂
Well I'm very happy. Whatever helps change the current government into a more democratic, open and progressive one.
They need to import more Muslims, they fix everything. Just look at all the other countries that imported Islam, they are all doing so well.
Guys, could you please have more ads in your videos? I think there's too much news and analysis between the ads, and that's bothersome. Thank you 🙏
Meanwhile Hungary's state propaganda: Hungary goes forward, not backward
Orban needs to step aside for the good of hungarian people and new competent governament should step in.
Because dictatorships are kleptocracies, and always burn out this way.
@@SheikhBouAounTemporary post-inflation slowdown.
@@SheikhBouAounI am a simple lower-echelon teacher in the Netherlands. My salary has increased by 50% in five years. Of course, a part of it has been eaten by inflation, but I’m better off now than I was five years ago.
@SheikhBouAoun Southern Europe, Scandinavia, the Baltics and Poland have been doing well. Some others as well. Germany, France and Britain are in a slowdown for the time being.
Not Always, china is a dictatorship, and doing well economically
EU is a dictatorship! Interfering in Romania elections was a recent confirmation
It s sad that as a Hungrarian i have to come to sites like these to know the truth about my country
Hungary really needs to get its act together with the rule of law.
This is great work guys. I am a new subscriber and have just watched my 2nd video here but most of the graphs you only show for 2 seconds, not enough to look at them properly. Really annoying. Please show graphs for 10 seconds at least
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
My CFA Jessica Dawn Walters a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The HU government has made far too many poor choices, many intentionally corrupt, at the expense of locals.
Being in any job, including government, does not mean one is competent. Competency is difficult to come by, especially in politics.
Hungarian spending doesn’t work because Hungary is a semi-oligarchy. I studied abroad there and had a Hungarian girlfriend. As far as I understood, most public funding is spend on (kind of) unnecessary infrastructure such as football stadiums, while the most popular sport in Hungary is water polo.
Recapitulatory, it’s mostly a matter of misspending, which is very unfortunate. Budapest especially is one of the best cities to live in Europe, despite the problem caused by misspending. It’s one of the only major cities mostly spared by the large European wars, making it a very nice place to stay at, at least visually. If there were a real democratic regime, many issues could be fixed, making the city one of the most influential in Europe. After all, who doesn’t wanna live in a beautiful and peoples oriented city design.
" It’s one of the only major cities mostly spared by the large European wars" 😆😆😆 Allies bombed Budapest to dust and the siege of Budapest by the Soviets was one of the deadliest battle in Europe during WWII... Then 1956... Hitler declared Budapest a fortress must be held at all cost...
@@123_1Recovered tho!
Water polo is the most succesful team sport in Hungary, but not the most popular. The most popular, just as everywhere in Europe, is football.
this is truly a shame, we tried to catch up but thieves were smarter :/
Orban has had his hand in the till for decades. Thats partly why so many left Hungary.
Relying on EU handouts as a huge chunk of your economy is not a good fiscal policy!
Let pooptin pay for him, the decent Hungarian deserves better president!
Mi sajnos egyszerű, emberek vagyunk. ÉS mi isszuk meg a levét!!!
Of course, the EU needs more money to keep funding the maximum exponents of democracy in the form of Azerbaijan or Turkey, who neither constantly blackmail us nor engage in genocidal practices. I am glad to be part of a union with consistent values and the strength to face up against the evil dictators in the world
I never understood why Hungry should be in the Eu. Let population vote or for orban(or his friend poetin ) or into EU .but not in 1 leg and the other in other direction.
Please… People want EU, only orban hates it because he cannot steal the EU money anymore!
Orbán never had a large majority, the vast majority support the EU. The problem is 1.000.000 already live abroad and have difficulties voting. The rest of the opposition is divided between smaller parties. This is why the rise of TISZA is huge, finally a party which can hopefully unite most opposition voters and attract new ones as well. There are more than 8.000.000 eligible voters and only around 2 M vote for Orban. The issue is they do everything they can to skew the results. It's the Finkelstein recipe for authoritarianism.
We in EU also wish tou would leave
I recently met a certain person who hangs out with hungarian oligarchs. He assured me that the hungarian economy is doing fine and that there is money everywhere. I asked him where Orban is getting this money from if taxes are so low... He didn't know.
Recently? Loans, dividend…
Hungary needs to decide whether to go with dictatorship Russia's $2-trillion economy, or with the democratic EU's $19-trillion economy. Which is better for the citizens and their children and grandchildren?
Yes, some EU countries are going through a temporary post-inflation slowdown, but it is still far, far better.
Far-right governments don't give a crack about your wellbeing, sorry!
He will never be voted out, and even when he resigns due to health, it'll be one of his thralls who replaces him.
We have the government we deserve in return for our apathy.
Illegal treatment of asylum seekers? What???
The EU is upset Hungary isn't allowing them into their Christmas markets like Germany.
@@Maxშემიწყალე damn bro its not like that, and in Magdeburg it wasn't a terrorist attack, the criminal was a saudi-arabian doctor who was living in Germany since 2006. By the way there is a huge difference between economical immigrant and asylum seekers
@@autobobmaric Funny that's where your mind went considering how vague my comment was.
@@autobobmaric wow, I was worried for a second, but now I can sleep well, knowing that it was a a saudi-arabian doctor living in germany since 2006 and not a recent migrant
@@wandregisel6385 well it makes a huge difference because, far-right parties use this terrible tragedy for their own propaganda
3:40 Wow, you drastically improved your pronunciation of Visegrad. 😊
As a Hungarian I would like to write that it's not easy for the Hungarian people to fight against state organized crime. A lot of people don't know what is going on because of propaganda.
Voting with your feet is a perfectly normal and acceptable way of fighting to be extremely fair.
@@marcbuisson2463 I voted and will vote. Thanks for your useful advice.
Don't forget to add the 13th pension! Switzerland, Poland and Italy do the same along with Hungary.
I'd be a happy Hungarian pensioner...
4:05 So it's basically "Kádár korszak" (1957-1989) all over again.
its worse
I've been saying at work that 20 years from now people will talk about Orbán like the old folk do about Kádár.
To not ban or ban Orban. 🤔
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Am Hungarian. Can confirm. We’re cooked.
You're getting it wrong. Orbán's reelection is not based on economic performance (if it is not a total collapse, and 400 out of an 10 000 (+40 000 national) budget is hurting but not a collapse.). It is based on the lack of talent and quality and huge nepotism and favoritism on its opposition side.
This won't last long!
Why are Hungary’s economic woes getting worse? Reason #1 Victori Orban, Reason #2 Victor, Reason #3 Victor Orban, … or, in summary, dictatorship.
Oh wait! There isn't a war in Ukraine? No Energy shortages generated by sanctions on Russia? Do they not want to close factories in Germany, e.g. Wolswagen, for the reasons just mentioned? Is the EU not pumping all its money into Ukraine at the expense of other EU countries?...
And now the dictaor Orban is teaming up with China's Gestapo to hunt Xi Jing Ping opponents.
Lots of 'governments need to balance their budget' logic in this video. The Maastricht Treaty deficit as a % of GDP is far too low and constains economies. Hungary should not be penalized for creating fiat money to grow their economy.
Is Hungary inevitable became failed state?
Hey Hungarian here. Yes but on the up side at least the people learned not to trust the government and find alternative ways.
We are amost always was a failed state. Stealing is a national value among hungarians.
@@kornel72 Can you specify? As a portuguese, and follow European I am interested to understand these alternatives 😊
Europe is going to become a failed continent.
@@kornel72 I hope for your own good that you're overstating the seriousness of the situation. What you describe is complete destruction of democratic principles and order of law. That would indeed mean a failed state. I'd say that Hungary is a flawed state in decline---but it can be reversed by rejecting Orbán's regime and reverting the authoritarian changes he made. This, however, requires people to _have_ trust in democratic mechanisms and institutions (including the government) and *not* to seek "alternative ways". That'd be just like Brits and their Brexit---same mistake in principle (but much worse in effect). They, too, abandoned the EU project just because it wasn't perfect (and because of a lot of lies). Don't do the same with Hungarian democracy.
Wow the black mail is brutal
It is not that we dont have the money. The problem is the government spend/spent it on stupid things! 2 Billion USD to build the Budapest-Belgrad railway which is nonsense. 2.4 Billion for buying Budapest Airport while Orbán said "we dont have the money to renovate our railway stations" LOL
Two billion for that railway seem Kind of cheep If it working 🤔
@markusschafer4895 Only Hungary's portion is 2 billion.
The Budapest-Belgrade line is partly built with Chinese money, tossing the country into a debt that even our great-grandchildren will have to pay for.... all for Chinese interests!
Stadiums stadiums stadiums. Also buying Vodafone... Mini Dubai project much? Biodome? And this is just Budapest, how about the transport museum's idea? This guy is ridiculous, we need to get rid of him. Vote for TISZA please
Orban also came to Bucharest to convince our corrupt idiot in chief to agree to a speed railway Budapest-Bucharest and from the moment I heard about it I thought it might be something fish with it, somehow they are profiting off it, they certainly aren't doing it for the us.
People like me not going there as a tourist because of Orbin would be costing the economy billions.
Authoritarianism in a nutshell. Take note Trump voters.
The most influential person of 2025 is Jimmy Carter!
Perhaps the greatest, and a horribly overlooked factor in Hungary's budget issues is the extremely regressive tax system.
On top of the flat 15% income tax, there's an additional 18.5% "social insurance" and a 13% "social contribution" tax specifically on wages, that is deducted by the employer. And of course we have the highest consumption taxes in Europe (27% VAT, with some exceptions), which once again is a disproportionate burden on those without excess wealth.
On the other end, we have the lowest corporate tax rate in the EU. And the social contribution tax (which would also apply to capital gains) is explicitly regressive. Beyond a certain amount of income, you do not need to pay any more of it. This means that an employer can deduct the tax from their employees' wages, and then not pay *any* taxes on capital gains.
So in the end, you have the poorer 90% of the population paying an effective ~50% tax, and the richer 10% (comprised in large part by friends and collaborators of Fidesz) paying something more like 20%. And since the average Hungarian didn't have all that much to begin with, the taxes end up not bringing in enough money.
Business as usual brother, tax the hell out of the poor and keep the rich oligarchs happy and loyal by favoring and enriching them with every damn policy and tax practice
We still pay the leat amount of income tax. VAT tax was increased by Gyurcsany...
@@gabriellaanderson2216 Orban increased the VAT to 27%, the highest VAT in the world.
Don't fool yourself.
That is not just about beeing rich or poor… the whole infrastructure around us ruined during the last 14 years.
One can hope that soon less of the country’s coffers will be going to houses and yachts for the president’s friends and allies, and more will be available for more conventional use by the government
Oh my! cant find immigrants to take the blame here.
That's always the danger of trying to keep immigrants out.
They always have Gypsies for that.
mighrants are crap thou
Buying votes is his go to but when the money runs out? Greed always works…
Because they keep relying on Russia. Next question, please.
That's a very foolish oversimplification. Keep your mouth shut if you have nothing to say ...
its like 12% of gdp is withheld, thank you viktor
I can agree about agreeing to the Rule of Law requirements, but not to the EU's migration policies. I'd rather not have German Xmas markt events, thanks.
If only it would be the inmigration fine, but he has robbed the country blind even without that
The German Xmas Market Event you might refer to was caused by an AfD-supporter
Hungary 🇭🇺 has to increase the GST by 20%.
Szia Uram, alig használt bojer érdekel?
szia bazdmeg! Atz egy cigit? Buszra kéne
Nem lopott! Szabad szakadt bojler is lecserélhető? Cső nincsen benne, 228.000!!!444
Hope for Magyar!
Given what a pain he's been, the EU should play hardball with Orban.
Yep the ruble is getting worthless day by day and lovely victor can't help that.
And US imposed sanctions on Hungary - respectiveoly on Antal Rogán.
I don't see him losing popularity as massively as he and his party should do so even though the numbers in terms of economy and overall performance are indeed terrible (have some part of my family in HU). But would be happy if someone could deny me!
It can't be Orban is such a great leader. I mean he has such a great house and all and he gets admired by an upcoming president. He can't be failing as a leader.
solid rage bait, 7.3/10
@@roo_stonks It's not even rage bait, the comment was clearly sarcastic, lol.
@@nosknosknosk bro in this day and age there are plenty comments just like that, completely serious. We are so cooked i cant tell anymore, sarcasm, rage bait, honest stupidity its all possible.
Hail trianon 🥂
Hungary has leader with toddlers skills in diplomacy. It backfires, sooner or later.
diplomacy is actually the strongest skill of them, but economics is not...
I can tell you why, corruption. Or did we forget already this guy build a football stadium in his home town that can seat 10x the amount of people of the town. Not to mention all other private luxeries of the party.
"rule of law concerns"
What about Romania throwing out election results? That's not rule of law concerns because it's their ppl doing it?
They saw what an Orban-like can do to the economy.
Good luck with Spains Taxs
The amount of media and money that has been spent blasting Orban and Hungry of all places is frankly baffling…It’s a nothing area in the grand scheme of things. He’s also been in power for almost 16 years now? Outside of Singapore that’s probably the top end of what even a natural ruling majority can expect
Wasn't Merkel chansellor for like 16 years too?
It doesn't help to be an oligarchy. Hungary resembles Russia in this. And the US is moving in that direction. You end up with similar styles of government.
Look at the historic HUF-EUR or HUF-USD exchange rate... HUF is just going down continually, for the last 20 years pretty much. Around 2007 one Euro was worth ~250 HUF, and now it's almost 415 HUF. I find it laughable how they are talking about 'strengthening' sometimes, when it goes up 5% for a week. It's a terrible situation for the population of such an import-dependent country. Except of course for the maffia state and their friends - they are becoming multi-millionaires or even billionaires.
2:29 the only difference being that Bulgaria's shape is cooler than that of Hungary's
Going into more debt to service current debt? Seems like Hungary went pro with my own finance management system
7:18 once again... There's no Z in Tisza.. It's spelled Tisa in English..
So make alphabet reform. S should be S like every other.
@@yordanstefanov5570 the hungarian alphabet works extremely well, it has a nearly 1:1 mapping between written and spoken form of words outside of some traditional spellings (which also work with simple, intuitive rules). there are many things that are hella complex about this language but its writing system isn't, it just needs a little learning, like every other language's writing system.
the name "Péter Magyar" has a voiced palatal plosive in it (the "gy" sound, /ɟ/, it's kinda rare in europe) which does not exist or have a close equivalent in english or adjacent languages, so no hard feelings on that one. (if you do wanna try, you can pronounce something pretty close to it like "maghyar", as in a soft "g" sound like in "gift", followed by a "y" -- it's actually the logic behind the hungarian diphtong.)
but "Tisza" is really simple to pronounce as "tisa". in general, the same sound that "s" (usually) is in english is written as "sz" in hungarian, and the english "sh" written as "s", which is why "Budapest" is spelled like "Budapesht". it's very consistent and easy to parse even to a non-speaker once you learn this one simple rule -- unlike english, where for example, the words "same", "nose", and "fusion" assign completely different sounds to this one letter, and the only way to know which one you should use is to build a complex and abstract understanding of english spelling patterns.
the reason for this difference is the relation between the alphabets and phonologies of each language. english has 26 consonants and 16-22 vowels depending on the dialect, which it somehow tries to express with an alphabet consisting of only 26 unmodified letters. hungarian, on the other hand, only has 25 consonants and 14 vowels, unambiguously mapped to an alphabet of 44 letters, diphtongs and one triphtong included, constructed of 35 unique glyphs. this leaves english with a complicated system to compress a large number of sounds to a much small number of letters at almost a 2:1 ratio, while hungarian is cruising comfortably with actually 5 redundant letters/diphtongs (ly, q, w, x, y).
there are a lot of other things this interacts with, and ultimately i actually vastly prefer english's way of handling things. but i just wanted to address two things: no, there's no alphabet reform needed, the hungarian alphabet is perfectly self-consistent, and your assumption that "S" always means the same thing doesn't hold true even within the english language. hell, even latin itself wasn't consistent on that one.
in hungary our last names come first and then our first name
They would've stole that money if it ever came