Misleading title: It should be "Why Switzerland's *Banking* Model Is Falling Apart"

@mottetar

Жыл бұрын

You're so right!

@karllinke671

Жыл бұрын

Facts

@Birthday92sex

Жыл бұрын

What is Switzerland’s economic model?

@riccardoc1711

Жыл бұрын

More precisely it should be: “why the world banking system is crumbling down?” The answer is quite obvious.. because banks don’t create anything, nowadays they are mere parasitics entities mostly feeding on people fears, fears that are implemented by the banking system itself.

@CrypticCabal

Жыл бұрын

@@Birthday92sexit’s banking model, which makes this comment just ignorant. Switzerland largest part of it economy is its banking sector. It collapsing is quite literally the model falling apart.

The banking sector makes up less than 10% of the Swiss economy. Yet watching this video gives the impression that the whole Swiss economy revolves around its banks, like the Cayman Islands.

@imifarkash3856

Жыл бұрын

and banking is declining everywhere. Switzerland should diversify exports and send more to Russia Asia be less deoendant on EU USA

@plc_studios

Жыл бұрын

It’s also wrong that Credit Suisse ran out of money they had enough it was just the trust of the customers which wasn’t there anymore

@AzzekaTheRealOne

Жыл бұрын

Refuse... 1) CBDC 2) Internet of bodies 3) Digital ID, and 4) Inclusion. 5) Exerices free market 6) 7) Sell ESG stocks 8) W/draw from ESG banks 9) Defund UN, ESG, etc through legislation.

@HidyoX

Жыл бұрын

Roughly 10% of the US GDP is from the spending of Federal government, yet if that goes away or severely reduced then the US economy would suffer greatly. Same would apply if the Swiss banking sector goes thru a serious upheaval.

@febeomnibeepboop6367

10 ай бұрын

@@HidyoX are you srrly saying that the feds are good for fair industry trade and entrepreneurship? instead of the feds make things unfair and facilitate the creation of monopolies that prey on the population which isnt smart enough to boycott. The feds are these entities proxy

Hello, I have a banking and finance degree in Switzerland. My thesis largely focused on the macroeconomic model of Switzerland. While the banking sector is large in Switzerland, much of the swiss economy focuses on exports. Especially in pharmaceuticals, engineering services, and the like. However, let me give you a rundown of the "failing" swiss economic model. Switzerland has, for a long time, sustained their growth, with their GDP growth rate only falling twice since 2008. However, they have kept unemployment below 5% since 2008, and inflation below 2% until 2020, and has been decreasing since. They have been, quite frankly, a statement of stability. This video largely aims to capitalize on a common stereotype that people associate with Switzerland, which is that they are sneaky, and its where rich people go to hide their money. To the creator, your video, quite frankly, is spreading false information, encourages biases, and should be taken down. To everyone else, this is your reminder to not believe random people on the internet. Please educate yourself from trusted professionals, and economists if you're interested in these concepts.

@classicox8715

9 ай бұрын

One of the best comment I ever read on internet.

@jccgold

9 ай бұрын

You talked like a nazi. Name calling without giving any facts

@virginiameisser1453

9 ай бұрын

You’re exactly right, this blogger I must say doesn’t really know Switzerland and this person paints the picture negatively!

@ricardodelacrvz1400

9 ай бұрын

hard to believe a country like swisse can have higher gdps per capita than the united states and better wages based on their industries. it just feels obnoxious to say their economic model will survive other 200 years without being surpassed and their currency lose tons of value. I men how can a country who sells chocolates and watches makes more and pays better than a country who owns microsoft and cocacola? Most people on minimum wage or even better low wages in switzerlabnd like french say they cant live a decent life there and I bet immigration will end very soon in those countries. Even the commodities they have like the gold they have stashed wont make them grow. We are entering the century where fixed dollar assets will lose most of its value. especially with 75% of the money being digital and central banks talking about digital currencies. Even germany will surpass Suisse for their industrial prowess despite being more than undervalued right now based european union currency.

@inovakov7174

8 ай бұрын

@@ricardodelacrvz1400 There's a lot more than chocolates and watches. You might want to look into Roche, Nestle and generally the pharma and engineering the country has. And yes, the US has bigger and more influential companies. But the US has 340 mil people and Switzerland has 8.7 mil. Switzerland obviously cannot compete in absolute terms but this changes quickly when you look at things per capita.

Some economists have projected that parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

@edward.abraham

10 ай бұрын

A 2022 Northwestern Mutual study found that 75% of European adults admit their financial planning needs improvement. However, only 29% of Swiss work with a financial advisor.

@andrew.alonzo

10 ай бұрын

Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $572K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.

@veronica.baker1

10 ай бұрын

@@andrew.alonzo Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.

@andrew.alonzo

10 ай бұрын

“Julia Ann Finnicum” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

@rebecca_burns14

10 ай бұрын

After locating Julia, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.

The Swiss is a large exporter of Watches, Food, Pharmaceutical Lroducts, Machinery, etc. They also are very good in the Tech sector, Professional Services, Insurance, Engineering, etc. Switzerland also received a lot of tourists relative to the size of its economy. So Switzerland will be just fine.

@AdaptableAutonomousHouse

Жыл бұрын

Global #de-dollarization destroys the purpose of asset management

@codelessunlimited7701

Жыл бұрын

Their products are made majority abroad, it's like US before it was based but now its all made in abroad for massive production and cheap labor costs. If its made at their own respective country, it wouldn't produced as cheap and saves the company's overheads including labor costs.

@secrets.295

Жыл бұрын

@@codelessunlimited7701 Wrong. Many of Swiss products are high value added goods. Pharmaceutical products cannot be easily shifted fo poor countries because poor countries don't have the technology as well as the expertise to produce pharmaceutical products. The same thing for machinery. Why do you think China imports so much machinery from rich countries? Swiss watches are 90% built in Switzerland because Swiss watches are high end products. Nestle biggest factory is still in Vevey, Switzerland. So you have all your facts wrong. Also the Swiss are also very good in the Tech Sector, Insurabce, Professional Services, Engineering, Tourism, etc. These are not jobs that can be transferred to another country. As far as the US is concerned, the problem with the US is they built low quality and low cost cars that can easily be produced elsewhere. Eventhough Germany has high wages, their car company still produced the majority of their cars in Germany which is why they are still the 3rd largest exporter in the world despite their strong currency and high wages. The US also has a ridiculous amount of labor laws & business regulations unlike Germany & Japan or even Switzerland. Why would any business want to invest in an anti business country? If they have the money, it is much better to just invest elsewhere.

@secrets.295

Жыл бұрын

@@AdaptableAutonomousHouse But the dollarization destroyed the world economy back in 2008

@Nowhere-from

Жыл бұрын

​@@secrets.295 😊it's so lovely finding Europeans so smug as always, getting mad when your heralded greatness is questioned and doubted, denying, denying. You're just like the Chinese centuries ago, so smug that they stopped listening anything other than their own ways.....or American factory workers who thought they had made it or one American intellectual who flat out claimed history was over and the winner was obvious. So Mr Secrets, it's not a secret (or so I thought) that the Chinese simply focused on what they could do better, a basic principle in economics. Likewise, as time goes and things change, Europeans will lose machinery market to an unpredictable extent, an extent that the collective west is always pushing to rise. It may be a secret for you that both the Chinese and Indians are already capable of space travel. Yes, yes, I know, it's just crap, just copying western superior technology, etc. But Europeans do need to always remind everybody of the greatness of your products, otherwise people abroad realize it's a bunch of rip off and stop buying. As good as your products may be, it's no match for Asian products. I'm sure Mercedes-Benz are more comfortable than Asian cars, but their maintenance is troublesome. A regular Asian car does its job, costs far less in both sale price and maintenance. A Rolex is strictly to show off. So, yeah, Europeans do need to keep customers brainwashed. Else, you're going bankrupt.

Just wondering. I've watched a couple of your videos and I'm curious: is there a country that isn't falling apart (or hadn't fallen apart)?

@lglubbock7593

Жыл бұрын

this is CIA channel

@tunisian_stats

Жыл бұрын

Yeah Fr every country for him is falling apart 💀

@paweborkowski6959

Жыл бұрын

@@tunisian_stats I'm more of an optimist, especially since summer kicked in my country (I'm a Sun lover). So even if every country is falling apart, for me it means no country is falling apart. We're falling together so we'll solve it together.

@solarpunk_hive1306

Жыл бұрын

China

@alexanderhenderson2594

Жыл бұрын

Nah, pretty much every country around the globe is falling apart rn, different reasons for each, but we are headed towards a world wide crisis that will last the next couple decades, this doesn't necessarily mean war although there are quite a few war like conflicts but we are reaching the end of just how far fiat money and technology can pave over the underlying societal problems we face.

The Swiss banking sector is much smaller than people believe. It only makes up a small percentage of GDP, even compared with the UK. There are other sectors that generate more wealth for Switzerland: Commodities Trade, Pharmaceuticals, tech industry, etc. You also should not forget that Switzerland simply just has enormous wealth that serves as a stabilizer. Despite the banks going downhill for 15 years, the GDP and private wealth only went up.

@freeone69

Жыл бұрын

now yeah. lol. it once managed 8 percent of world assets. its over.

@tobiwan001

Жыл бұрын

@@freeone69 it’s still the world‘s biggest offshore center and UBS still still the world‘s biggest wealth manager with 5 trillion assets under management.

@freeone69

Жыл бұрын

@@tobiwan001 bcuz it had to absorb CS trash too. ubs isnt doing good either. look at ubs share price. when it goes down ch goes down. the national bank doesnt have the capacity to bail it out. from too big to fail to too big to bail. however u look at it this was a massive disaster. i heard that 400 banks went bankrupt since 2010 or so.

@tobiwan001

Жыл бұрын

@@freeone69 400 in Switzerland? I think the number of banks went down from almost 400 to 250 but not through bankruptcy and they were tiny old private banks. the sector shrank slowly but overall it had no impact on wealth in Switzerland. Incomes went up, debt went down. Swiss banks are wealth managers and therefore there business was and is mainly commissions. By balance sheet Credit Suisse was not a large bank. In fact while SVB was the 16th largest bank in the US, Credit Suisse was only the 17th largest in Europe. From what I have heard and read, UBS - which had been the largest wealth manager before this acquisition - will likely spin off Credit Suisse Bank in Switzerland, shut down investment banking in the US and UK and absorb wealth management in Asia. Whether it’s too big to save is questionable. The SNB balance sheet was up to twice that of Credit Suisse and Switzerland has very little public debt.

@freeone69

Жыл бұрын

@@tobiwan001 cant compare a bank in the US to a CH bank. the outflow of assets from Ch is huge for a small country like this. the impact will be felt for generations. eurozone is no exception. the colonialists are on the defense now. u may not feel it but ur grandkids will. the reputational damage alone is enough. the stats say the opposite of what u describe. the financial sector is in shambles. the exports are doing well for now.

Every country has its flaws and problems. However unlike some other European countries, Switzerland does not have to be afraid since they are a very innovative, resourceful and educated country. It's only the bankers that need to be afraid.

@Slithermotion

Жыл бұрын

Trust me, banks are usually not that popular by swiss people. They act like private companies but can‘t bankrupt like them because they basicly held citizens and companies money hostage. Ask the avarage swiss about the swissair grounding and ubs. Or the UBS rescue in 2008 or Credit Suisse in 2023. Plus with all those controversial stuff… I don‘t think they are worse then most other banks I just don‘t like the banking industry. People who pay out bonus after bonus but when the company fails they don‘t have to feel responsible. It‘s just a giant shitshow.

@leorkoubi4626

Жыл бұрын

I think it is very tellin that he never gives any statistics to back his claim.

@justsomeguy1141

Жыл бұрын

I’m an expat living in Switzerland and can tell you even if it declines 50% it’ll still be better than every single other European country to live in and the USA

@justsomeguy1141

Жыл бұрын

@@MrJustinpb and how’s your country doing?

@ursmeier7133

Жыл бұрын

What if it falls 90% or more?

So according to your theory Switzerland's economic model is banking secrecy and that's all? 🤣

@lordtraxroy

Жыл бұрын

at the end of the day switzerland is just an normal country like any other european country with a good social welfare program, stable living condition and stable economy

@Thanatar13

Жыл бұрын

That's the banking model, as the vid explained Switzerland also is well industrialized with good transportation infrastructure. But the banking model is dead in the water now, considering the US/EU demand their citizens' banking information (in the future one can imagine China, India, ASEAN, etc demanding as well), and the rest of the world can no longer trust the Swiss with their money now their neutrality is dead- today it's the Russians, but tomorrow it could be the Saudis, Chinese, Indians, Nigerians, Brazilians, etc. getting targeted by the US, and other organizations (drug cartels, terrorist organizations, etc) also naturally won't feel safe there anymore.

@larryc1616

Жыл бұрын

They got rich by helping the wealthy hide their wealth, not pay taxes and launder for criminals and cartels.

@artman12

Жыл бұрын

Switzerland operates another economic model too- taking water from water-stressed communities and exploiting child labour in Ivory Coast and Ghana

@mottetar

Жыл бұрын

@@Thanatar13 Secrecy is not everything. Stability and strong currency are important as well. I prefer to put my savings in Swiss francs, although maybe not at UBS.

don't you ever dare to criticize Switzerland, my favorite country :) But honestly, Switzerland is more, than its banking system. The best about Switzerland is its political system and its people. It is a bottom up society, very decentralized and with long standing tradition of independence and autonomy. People can decide many things via referendums, instead of government telling, what to do and how to think.

@marcriba7581

11 ай бұрын

If Switzerland is so "bottom up", the fact that they didn't allow women's vote until 1971 tells us that it's population is extremely backwards, doesn't it?

@tange7521

10 ай бұрын

They get way way too much snow, Igloo. It is not worth it. It's at the bottom of my list, really not on it at all.

I must always laugh when I check out those videos about Switzerland. They just have no clue about the strengths of this country. Sure, it's better to have a strong banking system and I admit that the size of UBS vs. the Swiss GDP has become worrysome since the taking over of Credit Suisse. Anyway, Switzerland leads the world for the 12th year in a raw according to the Global Innovation Index, far ahead of the US. It's 7th or 8th in the world for many years in new brevets, before large countries such as UK and Italy. In addition, it's a very well managed country with ca. 30% debt ratio to GDP, the lowest of western economies. This year the state budget will be very close to be balanced. The political system is very stable with no such anger from the population as we see in a lot of developed countries. There was no quantative easing after 2007-8 financial crisis. We had some quantitative easing to support businesses during the pandemic, but there was a tightening since and it came back to normal trend, so there is a lot less inflation and inflation pressure than most developed countries. So, there is one major reason to put your money in a bank in Switzerland (however maybe not UBS) : the Swiss franc will continue to raise vs. other main currency. Euro is at a historical low, USD are close to that point and will continue to fall due to their public debt and high inflation. I prefer to have my spared money in Swiss francs. I think I will be long dead before Switzerland collapse called by many youtube amateurs will take place.

@johnfelix503

Жыл бұрын

Thanks for the information. Really valuable insights. I have a question: Aside from the Swiss Francs, what other currencies you think might last longer or as long as the Swiss Franc?

The Swiss still have great companies and tourism. Not just banks.

@xyyx1091

Жыл бұрын

And a taxation which attracts companies and individuals from all over the world

@mottetar

Жыл бұрын

@@xyyx1091 Sure, what's wrong with low taxation? The debt ratio to GDP is 30%, this year budget is likely to be breakeven, so we don't spend more than we earn, thus no need to raise our taxes. It's just good and sound management, unlike most developed countries.

@xyyx1091

Жыл бұрын

@@mottetar I completely agree with you. I meant that Switzerland will always attract people and Companies thanks to a fair taxation.

@sandymilne224

Жыл бұрын

Fair taxation ONLY comes from a nation that doesn’t spend more than its revenue. Unfortunately, I think Switzerland has already crossed that rubicon.

@mottetar

Жыл бұрын

@@sandymilne224 I'm not sure to understand what you exactly mean. As I mentioned in my comment, Switzerland, after the covid years during which they have indeed spent more than they earned, for the first times in decades, they are managing to break even this year and positive in the years to come to reimburse the additional debt created during covid. Anyway, with a debt ratio of 30% to GDP and an economy that is groeing slowly but steadily, covid or not covid, there is enough room to sustain a small deficit without having to raise taxes.

I see 2-3yrs recession. Fed will raise interests in Sept 2022 if inflation doesn't peak. Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

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Жыл бұрын

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Жыл бұрын

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@evitasmith6218

Жыл бұрын

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@cloudyblaze7916

Жыл бұрын

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Жыл бұрын

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This guy seems to think the people of Switzerland will be starving in the street, turning tricks for quarters.

@freeone69

Жыл бұрын

if UBS goes down its over. full fledged crisis that will effect future generations.

@bluefernlove

Жыл бұрын

He literally says if the bank system fails the country has many succesful companies and will continue to be a relatively wealthy country. You didn't watch the video all the way through, did you?

@emirayaz6014

21 күн бұрын

@@bluefernlove his swiss ego talks, he's offended. Thats typical of a swiss.

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

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7 ай бұрын

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7 ай бұрын

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@Griffindeleon004

6 ай бұрын

Yes Swiss francs, crypto no

Hey guys, I'm looking to invest but I don't know anything about the market. Any help? As well who can I reach out to?

@AlessiaOlivia

9 ай бұрын

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9 ай бұрын

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9 ай бұрын

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9 ай бұрын

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@JasMathur

9 ай бұрын

Could someone kindly leave the details of this investment analyst here??

Every country definitely seems broken this day and age.

@Siranoxz

Жыл бұрын

Because globally we are going through technological phases that not a lot of countries are prepared for.. We should be worried if we do not figure out how to adopt AI in governmental structures.

@justsomeguy1141

Жыл бұрын

I can report everything is absolutely fine here, banking kerfuffle notwithstanding

@pankajgaihre8313

10 ай бұрын

@@Siranoxz more than that.....we focus of the highlights only....which usually are negative.

Switzerland has consistently been ranked the most innovative country in the world. It doesn't rely on banking alone. It can survive and continue to thrive on manufacturing chocolates and high-tech machinery, services industry, education and tourism.

@monsieurlepresident8835

2 ай бұрын

the least innovative *

@monsieurlepresident8835

2 ай бұрын

@@SMILYSUNFLOWER sur le papier je m’en bats les couilles, en pratique c pas le cas.

@monsieurlepresident8835

2 ай бұрын

@@SMILYSUNFLOWER Pas besoin d’être économiste pour se rendre compte de certaines choses. En Suisse il y a une vraie manie pour le papiers (diplôme) et ce même pour des tafs où il faut aucune qualification spécifique comme les call center…. Les économistes prennent quelques boites brillantes qui sont vraiment innovantes et projettent cette innovation alors sur tout le pays…..

What a bunch of croc. Sitzerland has the best universities in all of continental Europe. It is consistantly ranked as the most competitive country in the world, has one of the highest GDPs on the planet, one of the strongest currencies in the world, its currecy continues to strenghen against the dollar (since 1971 over 500%!!), aganst the Euro, the GBP and the Yen. Notice a pattern? Switzerland is the only country on the planet with a true, direct democracy where the people actually have a say in their destiny, has the second highest life expectency on the planet, the highest prodution of patents per capita and produces more than TWICE the patents per capita than the second ranked country Sweden per year. Just think about that for a second. More than TWICE as many patents per capita per year as the number two nation in the world! Patents are one of the key drivers of GDP! You say how unbelievably important banking is to the Swiss "economic model", which effectively demonstrates how little you understand about that country. The whole financial sector in Switzerland is approx 10% of GDP. However, the Swiss include the huge Insurance business in that 10%. If you delve a bit deeper into Swiss economic statistics, you discover that the actual banking industry is only approx. 5% of Swiss GDP. However, in your video, you use that small 5% sliver to predict the future demise of the "Swiss economic model" and its wealth. Big mistake. I have bad news for you: the Swiss economic model is just fine, thank you. Its prospects are fabulous and it still is - and will continue to be - vastly more successful than any EU or OECD country. Most EU and OECD countries (including the US of A) will continue to fall further behind Switzerland over the next decades, while Switzerland will continue to propser and increase the well-being for its citizens. An example of an actually failed state amongst the G7 and in the EU - just for good measure, you ask? Italy has produced a total combined GDP growth from 2005 to 2021 for its citizens of how much?? Yup:. a big, fat ZERO. ZILCH. NOTHING. 16 years of solid failure and stagnation. Loss of wealth. No progress. No future. No economic model to speak of. Just all encompassing, national, economic failure. Now THER'Es a country your titel would actually apply to since decades! Italy's failure also affects way more people as well. Can we expect a video on the massive failed states of the EU and the OECD anytime soon, or is your focus an bogus stories on the "falling apart" of the Swiss economic model just so time and resource consuming? 😂😂 Or perhaps your're being paid for nonsensical, politically manipulating videos to distract from the actual national failures? BTW: How much has Switzerland's GDP grown during that same period as Italy? Yup: 53%. Now suddenly, Italy has had two years of growth. Why? Because it has received 257 BILLION!! Euros in political ransom from the European money printing presses (for not leaving the Euro) to "invest in the green future". Haha. 🤣😂 If you take that princly sum of printed political ransom out of the GDP calculation, Italy still has ZERO growth, while Switzerland consistantly produces actual, real growth and prosperity decade over decade. Are you perhaps starting to get the REAL economic picture, or are you politically just too fixated on the Swiss banking industry myth you're cultivating in you video? 🤣🤣

@johnnyonthespot4375

Жыл бұрын

No doubt, The Swiss people have an insane accuracy reputation and come by it quite honestly - However, what this Vid points out is how it will be disrupting their economy from within. The Banking Industry and its 'product' has a very different effect on things when something catastrophic occurs with them - Their disruption is Your disruption. Period.

@grigorirasputin4871

Жыл бұрын

Great comment. Particularly the part where you dunk on italy.

@rezonance1000

Жыл бұрын

Have you been there and speak with local people? See the age of villagers? Prices?

@rexx9496

Жыл бұрын

Seems like you took this video personal.

@ninanina4324

Жыл бұрын

Spot on!

Sometimes it's not the best way to keep your financial in the bank because it's won't grow, keeping funds in the best way is to invest it and see more coming.

@stellarose-qb6id

4 ай бұрын

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@michaelevans-jt4uq

4 ай бұрын

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@patrickalex-rt3lq

4 ай бұрын

yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

@chrisharrison-ir5wb

4 ай бұрын

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4 ай бұрын

Obviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as Debra Barton​@@chrisharrison-ir5wb

Switzerland has been my favorite country since I first visited in 1969. Even as a kid, I knew it was very special. As a person who admires quality, cleanliness, craftsmanship, beauty and class, for the individual who works with their hands there is no place better on Earth! The Swiss people are very smart, educated, elegant and hard working. I began working with Swissair in 1987, and learned how to do things right. Overall, I term Switzerland, "A culture of quality". With that being said, not everything by any measure is perfect. Swissair went out of business in 2003 after 71 years of what many argue was the world's best airline. Why? EU consolidation with the introduction of the Euro into neighboring countries, excessive debt and overreach by its executives to maintain and expand market share. The culture of quality remains but I am seriously concerned what will happen if Europe falls apart due to lack of energy, destabilization, serious harmful influences by the World Economic Forum, the EU and US, which certainly have not helped Switzerland in the least. To me, should Central Bank Digital currencies be forced upon Western Civilization, I believe firmly that freedom will be erased, and all of Western society slowly crumble into chaos. People are not going to allow governments, meant to serve them, force them into virtual, digital slavery!

@rolandsensitive7680

Жыл бұрын

Well spoken my friend❤

@janhnidek4960

Жыл бұрын

Yeah I completely agree with you. However, as Switzerland has always been innovative, they are playing with the idea of cryptocurrencies, which have the potential to fight against those CBDC's, and to gain back the model of privacy Switzerland was famous before...

@zaram131

8 ай бұрын

So true! It is a very special place! ❤️🇨🇭 my heart is there in Switzerland even though I’m not.

I think there are some mistakes in this video. 1. claim: 1:09 Poor mini regions constantly fighting with each other. response: There was some minor fighting, but overal Switzerland had been a rather peaceful place for around 300 years How to verify: You can look in wikipedia for wars involving Switzerland and there will be barely anything between mid 15 hundreds and Napoleon. 2. claim: 2:08 Banking Secrecy Response: Banking Secrecy was established in 1934, after germany started confiscating jewish property. This can not explain why the Swiss banking sector would have been successful in the 19th century, far before that. How to verify: "Banking in Switzerland" wikipedia 3. claim: 8:22 If the megabank would collapse it would take the entire country along with it response: The financial sector represents 9 to 10% of the Swiss economy, this includes both banks and insurance companies. This new mega bank combining CS and UBS is around half of that. Loosing 5% of the economy is bad, but not taking the entire country down and likely not all the business will vanish, but rather transition to other banks. source: official swiss goverment page title "Banks and insurance companies"

Our economy is fine thank you. Our economy is not based on banks alone, we have plenty of other things we produce and do. The State banks here are very good and stable. I have my money in one of them. Just because of what happened with Credit Suisse doesn’t mean our country will suddenly fail. There is more to our country than just banks.

@peligraso

Жыл бұрын

@Pythoner

Жыл бұрын

I'd say the bigger problem is the economic troubles of Switzerland's neighbors, which will have an effect on Swiss exports, tourism to Switzerland and so on.

@brega6286

10 ай бұрын

It is those sneaky power hungry international billionaire oligarchs who will try and destabilize every country .

Okay, I thought this video was about why the Swiss economy was in bad shape. In reality, this video only talks about the banking sector which is not significantly larger than in other countries. It is mainly the export industries (pharmaceutical industry, chemical industry, microtechnology, industrial electricity, industrial technology, watchmaking, etc.) that make money in Switzerland. The most powerful companies in the country are not companies that have relocated to Switzerland for tax purposes but companies that were created by Swiss people from the start (Nestlé, Novartis, Roche, ABB, MSC, etc.) and the success of these industrial companies is not linked to the success of the financial sector. Moreover, Switzerland remains one of the most important commodity trading centres in the world despite the collapse of Credit Suisse, which means that the collapse of the banking sector does not mean the collapse of the financial sector. And in particular, the collapse of the banking sector does not mean the collapse of such a diversified economy

The ingenious way in which Switzerland handled the Credit Suisse crisis has increased the confidence of many investors. No comparison with other countries, which tend to act helplessly. It made it possible to carry out a strategically sensible merger that would not have been possible under normal circumstances. UBS will become one of the 10 largest banks in the world. The other banking centres are suffering from indebted states and weak currencies. An investment in Swiss francs brings a return of 10% if only the currency gains are taken into account.

@Tombi432

10 ай бұрын

Relocated last year. Just the Value appreciation of CHF alone seems to increase my salary by 10% per year if converted to €. EU is falling apart thats for sure.

Not really, nowadays the financial sector makes less than 10% of GDP, and that includes the massive insurance sector which is massive both domestically and internationally. Plus UBS and CS are well known as they are the international banks, but until their "fusion", they were eclipsed by Raiffeisen, a domestic cooperative banks, and had been losing the domestic market to that and many other domestic banks ever since 2008. Also prior to banking Switzerland's economy has been grounded in high added value industries tied to innovation, of which watchmaking was one of the precursors, along with a globalized textile industry as early as the XVIIIth century.

@scappley1735

Жыл бұрын

tfw I totally forgot about Raiffaisen

Credit Suisse fell apart, it's rich investors and share holders's lost some pocket money but Switzerland is not falling apart because of it😁

That's old news and already priced in the relative positioning of Switzerland. Yes, some old revenue sources have dried up, but Switzerland has successfully moved on and has remained on top. Most importantly, compared to the problems other western economies face, Switzerland looks relatively well. So money will still migrate towards it in times of crisis. There's no better alternative. Simple as that.

@pramodmali4569

Жыл бұрын

Better alternative is making the poor peoples life better.

Switzerland has a huge amount of exports and a ton of huge companies that provide massive value to the whole world. The banking sector is just one factor for Switzerland's amazing economy. I live here, and trust me, people are well off. People are happy, and the economy is as strong as ever.

0:10 for real though, those articles are kinda accurate, Oman and Uruguay really are the Switzerland of their regions. Rwanda is Africa’s

@douglastakle8242

Жыл бұрын

I’d say it’s Botswana

@bababababababa6124

Жыл бұрын

@@douglastakle8242 forgot about them, that’s true. Either one of them

@paleoph6168

Жыл бұрын

Rwanda is more often compared to Singapore.

@artman12

Жыл бұрын

Somalia was once called the Switzerland of Africa. Today, Guinea and Uganda are called the Switzerland of Africa due to the mountains.

@bababababababa6124

Жыл бұрын

@@artman12 sorry but to be the “Switzerland of an area” is not just about geography. It is about the economy and peace within the nation. Uruguay and Oman are nothing like Switzerland in terms of geography, but they are very peaceful compared to their neighbours and both don’t get involved in international affairs much, just like Switzerland. Botswana and Rwanda are similar in that regard. Guinea and Uganda are far from economically successful and aren’t exactly that peaceful, especially compared to some of their neighbours

The rescue wasn‘t a matter of swiss economy stability but world economic stability.

As a spanish citizen born and raise until 7 years in Zürich I can say there is no more miracle than hard work....... Serious and formal people and again hard work.......

If there’s a country that will survive everything it’s Switzerland. Doesn’t get better than a direct democracy and proper economic liberalism. I suggest you read the book “The Swiss Labyrinth” to be correctly informed. IT’S NOT FALLING APART 😂

As a Swiss I'm quite greatful for this video telling me that the economy in my country is falling apart. I'd never have found that out by looking at how I, or any of my family and friends working in different places and domains are doing. Also the media is not talking about it, neither leaders in politics, economy or even trade unions... gotta be on the lookout for that crisis.

The world is changed, but Switzerland’s economic model is absolutely NOT failing!

Ok so your argument is that: 1. Swiss banking transparency is a problem (for whom exactly?) and, 2. One bank crashing (among how many that melted down in the rest of the world) is significant how? Considering Switzerland has one of the lowest and controlled levels of inflation, I think they should be looked at as a model to follow. You may want to base your research and analysis beyond grade school level narrative.

What goes under the radar is that swiss military industry is blowing up, they made 3 times more money than last year which compensates some of the banking losses and it benefits somewhat Switzerland's government that CS fell down because UBS' biggest shareholder is the Swiss National Bank and with UBS acquiring CS, the SNB now also controls CS

@SleazySpliff

Жыл бұрын

swiss hase some patent on weapons. even in the early battleship ages there was some oerlikon mk on some US ships. and guns of course. we can ( but should not ) deliever both partys with gear and weapons. like this is allready the case.

Don't forget that some of the biggest Biotech companies are Swiss. GlenCore, although a horrible company is Swiss. Nestle is Swiss. I could go on but I think you get that Switzerland will in no shape or form have any economic Problems. We have almost all of the Biggest watch brands based here too. They all pay Taxes in Switzerland. Although banking makes up a significant amount of our Economy, It wouldn't be too big of a setback if it starts to fail for the economy

Btw Switzerland is tax friendly right? I heard they don't tax a lot like other countries.

@m.c.ludwigdewolff5105

Жыл бұрын

Swiss taxes are an average of 40% - up/down: depending on WHICH canton - State - one lives.... - Zurich = one of the highest // ZUG / SCHWYZ = are the lowest...! = info by a Swiss native... Mad.

"Look beyond the headlines." Great job reading the headlines.

If the EU abandons sanctions, as it will probably do the next six month to a year; Switzerland is off the hook.

@alehaim

Жыл бұрын

Why do you think EU would abandon its sanctions on Russia, when the US struggles to remove sanctions on Cuba?

@thechosenone1533

Жыл бұрын

EU will never abandon sanctions on Russia unless Putin is dead and whoever replaces him is a Western crony.

@johnkelly3886

Жыл бұрын

@@alehaim Because the EU is not as extremist and insane as the USA.

@ovibiswas7849

Жыл бұрын

​@@johnkelly3886oh really . Boohoohooo

@1000rogueleader

Жыл бұрын

Yeah, that's not happening. Unless you believe Russia is pulling out of Ukraine in that time, or that Ukraine will push the Russians out of the country, which is quite possible. But even if they do that, things will not go back to the way they were prior to the invasion.

I think you overstate the importance of the banks. The entire financial services industry is only about 10% of the economy , and that includes the whole (re)insurance sector. Think about manufacturing - Nestle, ABB etc and all of the drug companies as well as the tech sector etc. I think that the Swiss economy is much better placed to prosper than many others in Europe, such as that of the UK.

Why does the world allow this small minority of Banksters to control the world's credit supply, award themselves massive bonuses and risk the economy? There must be a better way to run the economy.

@williamtiffee3799

Жыл бұрын

Knights Templar founded, in 1291. (NWO "extended bloodliners," vs. the OWO "divine right of kings, and pharaohs...") Rape and pillage capital, of Europe... then the world. (And behind most medieval to modern wars, revolutions, coups, assassinations, etc. Particularly since they established the BI$, in 1930... and the Trojan horsed UN, in 1946... thanks to their Intl. network of knights, (Free)masons and central banks, etc. And now they want a 'global' CBDC? LOLOLOL. So WHERE IS our GOLD... Swi$$ieland??? There's going to be HELL... to PAY... because millions already know enough about... your REAL 'history!' (Swiss Canaanite Pharaohnic bloodliners = Nazim Templars of Octogon. ;-)

@v5k456jh3

Жыл бұрын

Because there is no one to stop them.

@celloswiss

Жыл бұрын

🙄

Why does this guy talk like the Burger King foot lettuce guy?

That explains the deluge of Swiss Tourism ad recently. Not complaining though , Seeing Roger Federer explaining Swiss Alps beauty is treat😄

I recognize Lausanne with its cathedral and the Leman lac( or Geneva lac) a couple of time Interesting how Lausanne was beautiful before and now turning more and more into a wokness Hell with the Left managing it

WEF pulled off the biggest heist in world history. Every corporation got ripped off making FTX look like childs play

😂 The Swiss miracle has not much to do with its banking system or neutrality. Rather, it is our love for innovation. Also we enjoy stability thanks to our direct democracy, which you totally failed to even mention. I give your video a 4/10.

@antonm8719

10 ай бұрын

There are many reasons indeed and the question is whether it is Banking that made Switzerland or Switzerland that made Banking. I.e. nobody (well to an extent) stopped other countries to offer good banking services. The local mentality played a very important part even in the Banking industry alone. The mentality in turn was formed by the geography etc..etc..etc.

hey, these videos are really well made and written, but i would really appreciate it if you cited and linked your sources in the description

If only the rest of the world was as good as Switzerland, I have cycled around the whole country, its beautiful clean high standards and nice friendly people, I have travelled to quite a lot of countries but Switzerland is still my favourite hot summers and snowy winters everything works as it should, an upmarket smaller efficient Germany with Italian flair and French style what's not to love about it, just wish I could afford to live there 🙄

@zaram131

8 ай бұрын

Yes!!!

This is based on the wrong premise that the Swiss economy depends on the banking system/secrecy and all that. The economic strenght of the Swiss is not based on its banking system. More than 70 % of Switzerland's GDP is produced by SMEs. High quality services and small scale industrial products marketed around the world are the backbone.This is made possible by high quality vocational training, which means we don't need a high academic quote to be competitive (on the contrary, highly academised countries seem to be struggling a lot more), and high average salaries attracting skilled workforce and leading to a strong internal purchase power. A good part of the remaining 30 % is carried by large scale industry (pharma and tech). This system really is in danger though, but for completely different reasons than this video states. There is one chief reason imo why the Swiss economic system will be in trouble soon (and why all western economic systems are in trouble at that). It's called Neoliberalism. Policies in Switzerland increasingly put large corporation (who pay taxes underproportionally, as they are taxed at a flat rate) at an advantage compared to SMEs, while at the same time weakening labour rights. This means less competition and thus less innovation. Lower wages and thus a less qualified workers. Lower tax income and thus less social security, money for the educational system, money for infrastructure etc. All factors with a negative impact on the economy. To offset this, the state increasingly lowers pensions and taxes income higher, which makes those who have the least pay most (proportionally speaking), which in turn will lead to increasing social unrest, which often helps extreme political parties who offer simple - but nonsensical - solutions. After WW2 there was a tendency towards social democracy or at least social market around the democratic world, even in the USA. The Marshall Plan, the New Deal, the spread of social market economy from Germany to many countries of Europe including Switzerland were the recipe to success. The foundation of Switzerland's and the collective west's success was the happy medium between socialism and a barrierless free market society. I think we should take a step back towards that, especially now that democracy is again challenged by fascist empires and internal stability is desperately needed.

9:35 The banking sector is not an *extremely important* part of the Swiss economy. This is a common misconception about the Swiss banking industry. It ouly counts for around 10% of the Swiss economy.

@christheswiss390

Жыл бұрын

Actually, the banking industry only accounts for approx. 5% of the Swiss GDP. The other 5% of "financial products and services ' are in fact the entire, huge insurance products and services, which in their own right are world class as well.

In the meantime, the US Congress is playing roulette with the US Debt Ceiling and putting the global banking system and world’s economy in jeopardy. Just recognizing the elephant in the room.

Banks count only for about 5% of the Swiss GDP. Banks are not Switzerland's Business Model.

No wonder that Switzerland has become so rich: it made business, while the other countries all around made war; reinvests (cleverly) its profits, instead of spending them on fighting (from which only warmongers really took advantage). The rule of thumb and goal in the dominant socio-economic order being capital accumulation; it is not so astonishing it became prominent as a heaven of peace. Yet, now that the last (and hopefully final) crisis of the capitalism is surging fast; it is not so surprising that the paramount beneficiaries (not solely Switzerland but also even more visibly, Sweden as for European continent) abandon their age old wise approach and join the mortal struggle for the continuation of rather hopeless order which have not only witnessed, but also promoted their ascent and very much wealth.

It has not been that way for centuries… up until mid 1900s Switzerland was the poor house of Europe… huge misconception… ask any old Swiss person about their childhood and they will tell you about hunger and hardship

Nothing falling apart here. Inflation is at the lowest comparing to Europe. Greetings from Switzerland.

Love the tutorials and really dig the tunes that you create. Thank you! 🙏

video on germany please

@KonjikiNoYami666

Жыл бұрын

Imigrants, green deal gg. We dont need video xd

Switzerland have a powerful and divers économy compared to other country

"The usual suspects" blackmailed them as they are accustomed to do with anybody else.

What you overlook is that Switzerland's success is based on how the country is governed. It is a confederation which is governed decentralized and where there is fierce competition between the various cantons in relation to how to govern and tax.

"Why Switzerland's Economic Model Is Falling Apart" is a wrong title for this video. The economic system that made and is still making Switzerland so rich is based on economic freedom, or liberalism. It's obvious that the Swiss banks are clearly in trouble, but the stability and prosperity of this country is far away to be broken up.

Superb video. But, let me share this here knowing it can uplift someone that comes across it. Effective financial management made me rich and it is all you need if you want to build a strong financial future tomorrow. I started with 1000USD, 3 years ago I invested in a diversified stock market and fast forward to now I am worth 500000USD and am currently finishing my 8 unit apartments. I'm only 35 years old. Diversified stock investments have always proven to be very profitable, especially with the help of experts.

@arlingjonathan4263

Жыл бұрын

I'm really impressed. At 35, i was worth a little over $200,000 from * in the stock market. But what you've done with your *finances* and numbers you worth, is pure genius.

@ferkmorgana7032

Жыл бұрын

*Investing* in diversified stocks is a real hustle that has made me . I have two active stock portfolios and hope to create a third, which will increase my total return on earnings to over 120000USD

@sarahtjoanne5300

Жыл бұрын

You have done well. It's people like you who set the benchmark for people like us to know that achieving financial stability and transition of status from being comfortable to wealthy is possible with the right *investment* plan.

@torkwaskipolischez8484

Жыл бұрын

I'm curious, is *investing* in a diversified stock *market* a pretty lucrative venture? Can you share how you achieved these figures?

@catherinehughes2155

Жыл бұрын

@@torkwaskipolischez8484 Experience plays a key role when *investing* in diversified *stock markets*, which is why I have Rachel Hilda, whose experience has greatly helped me persevere in the diversified *stock market*. For three years she helped me grow my portfolio using her diversified knowledge of the financial *market*.

Yeah. Right. 😂 👏 Cheers from 🇨🇭

This social media gets uglier. To get attention such a headline!! I have been living in Switzerland for years, I have seen many countries. Swiss people did a really good job. Without energy export, they make +10% of their gdp of current account surplus. What are you talking about 😀. They have an incredible solid economy. One banks goes one bank comes who cares it as long as your core engine is strong.

So many good videos of Lausanne from the past. Riponne, cathédrale. It’s so great to see this!

The Banking industry is very small in comparison to other industries. It is totally overplayed by outsiders.

I'm glad I got into trading when I did because it was a turning point for me financially it was my best decision so far courtsey to Mrs Nicole Brusher her set skills are amazing

@tomfraser4682

Жыл бұрын

Amazing to see another who trade with Mrs Brusher, I'm currently on my 5th trade with her and my portfolio has grown tremendously. Her weekly signals are highly profitable

@GeorgeAndre784

Жыл бұрын

I invest with Mrs Nicole Brusher too, she charges a 20%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.

@Fragrance916

Жыл бұрын

This is not the first time I'm hearing about Mrs Nicole Brusher too and her exploits in the trading world but i have i have no idea how to reach her.

@Laurent8040

Жыл бұрын

As a first time investor I started trading with, Mrs Nicole Brusher, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.

@naomiallen7443

Жыл бұрын

With the consistent weekly profits I'm getting investing with Mrs Nicole Brusher, there's no doubt, she is the most reliable in the market, such a genius.

another value proposition is to store money outside EU, so it's easier to invest in stuff that are usually denied by EU like crypto

Switzerland is not just about Banks, if I have to compare Switzerland to other European countries I have to say I’m thankful I’m living here.

My ex was the Switzerland of girlfriends. She gave me the Mississippi of STDs.

Switzerland 🇨🇭: "Oh no my money💸! 😭".

You should rather be worried about out own country my friend. Switzerland ist just fine, miles ahead of most others.

The Swiss banking sector is not as big as the envious foreigners use to nurture their prejudices about Switzerland. It makes only ca. 12% of Swiss GDP.

@3Body1307

Ай бұрын

12% is the entire financial sector in Switzerland including insurance business. The banking sector is only about 5% of GDP and the majority of this is for domestic banking.

@bobilaforce8252

Ай бұрын

@@3Body1307 👍👏

Is ur theory really true ? If so, oneday we may manage to get information of bangladeshi oligarchs , who have laundered millions of dollars from bangladesh. Anyway, thank you buddy

@prima6232

Жыл бұрын

I'm confused ?

Switzerland is stronger day by day, other economies are fallen apart. You have to put the money in a place with a stable currency. The US dollar and the British pound are constantly losing value against the Swiss franc. In 1960, one US dollar cost 4.50, now it is o.90. 1 pound cost 11 CHF Now about 1 CHF. The euro has lost a third of its value since its introduction. The dramatic currency collapse will intensify in a time of galloping inflation in these countries. Without intervention by the Swiss National Bank in favour of these currencies, the dollar and the pound would be at 0.10. There is no alternative to Switzerland for any dutiful investor.

Swiss people sleep early , wake up early , and show up to the work early. Such people's economy does not fall apart.

The good fame of Switzerland backs to the middle ages and owes nothing to the banks. Besides, Switzerland neighbors are four of the most important countries of Europe: France, Germany, Italy and last but not least, Austria. The USA would wish have such neighbors. And the fabulous swiss economy just relies 10 % ond the banking sector. So this bank scandal is just a tiny hiccup in Switzerlands history.

@mottetar

Жыл бұрын

Well, I live in Switzerland for more than 25 years now and agree with your statement besides the last sentence, as the new bank balance sheet represents now 150% of Swiss GDP, where JP Morgan, the largest bank in the world only represents 12% of US GDP. So if there is a problem with UBS one day, there is no way that Switzerland can save it and the impact on Swiss economy would be a disaster. This situation is quite worrysome.

@yoheemaine-qh8oe

Жыл бұрын

You have lots of tiny ugly hiccups.

bad reaserched. we have one of the most diversified econemy in the world. the banking system isnt that big anymore then it was once. we can life without it

"banking secrecy" also known as money laundering in other countries

@christophregli2160

Жыл бұрын

UK with trusts ……US not fare behind …… many more better clean up their acts first …

6:27 "at least you know that they are safe" - oh no, I know what's coming LOL

Being Swiss I want to clarify that Switzerland is doing well. Switzerland did experience an increase in poverty and a decrease in gdp growth, but that was mainly due to covid. Climate change is also having a destructive impact on the economy of regions famous for winter sports, but Switzerland is absolutely not about to collapse. Furthermore the collapse of Credit Suisse, which was a complete embarrassment, did not by any mean signify the end of Swiss banks. Banks work all around the world, even without secrecy and even without anything special. Swiss banks will surely see a decrease in deposits and therefore revenue, but will not collapse. Credit Swiss was one accident, not an undeniable catastrophe. Furthermore Switzerland has international reach, stability and continuous economic development. What makes Switzerland rich is not just banks. We have the second most varied economy in the world, which means that if someone fragment of the economy fails, we have hundreds more. Switzerland is not doing well mostly due to climate change, not to incompetence (which is still very embarrassing and even though I’m a nobody I want to apologise for the mismanagement, especially to the families that saw turmoil being brought in their lives by the collapse of those morons). Take this message as a sign that climate change will always be a greater problem than any episode of mismanagement

100% of non-Swiss people watching this video wishing their economic model would fall apart like Switzerland's

The fact that Credit Suisse broke down and got saved is a huge reason why the bank accounts of rich people will stay in Switzerland. Credit Suisse got saved in a single weekend in two days. Trust me here, neither North America nor the Eu nor Asia would have been able to pull this off. If this would have happened with something like JP. Morgen in America im saying that we would have an other financial crises right now

Hi, hem, the banking in Switzerland is now around… 8% of the country's GDP, so not really a concern - on the other side, it's industry is flourishing and _very_ resilient as it is mostly composed of small (mainly familial) companies exporting _a lot_ , they also very often are world leaders in their branch (Swiss quality isn't an empty formula). The education system has been polished in each and every bit to improve it, mixing between apprenticeship and higher education and much more than that, a very well thought gateway between the both of them to easily allow a former apprentice to come back to long studies or, at the opposite, some graduated people to completely change their kind of work, it is one of the most efficient package of the kind in the world. Notably, is is also a country where several companies are running without a CEO and even without the whole top of the pyramid and even the pyramid itself, using a longitudinal organization - this is a very uncommon thing you don't find everywhere. So, this video is an external view (and very old romantic style but still very wrong) cliché, nothing more (disclaimer : I'm French, not Swiss).

There's more to Switzerland than banking, and the country is not falling apart.

No, The USA extrat territoriality of law, can impact the banking services, because they try to keep control around the world, the central point it's swift and dollars if would stop using themes that let more prosperity for all people and not just for the USA. Switzerland is much Butter than another country

@secrets.295

Жыл бұрын

The EU loves to bully smaller nations by they cower against America who has one of the highest banking secrecy laws in the world

@tstcikhthys

Жыл бұрын

*affect

This video has many precious informations and stunning pictures.- However, the idea that is spread in this and many videos about the banking system in Switzerland is a myth and does not correspond to truth: the most important industries now are pharma, chemical products, machine Industries, watches, commodities trading etc, while the whole finance sector is less than 10 %, the banks about 5.8 % of GDP. However, the banks still impose a great threat as seen with Credit Suisse in case of default.

I don't agree with this video. Banking (without Insurance) is only about 5% of Swiss GDP. While being important, it doesn't make anything fall apart or change any of the other fundamentals.

Switzerland is #1 in Innovation rankings, before USA and before Singapore. Swiss precise manufacturing and high tech industries are highly competitive. Switzerland is 5th largest investor in the USA, that is huge for a small county, creating jobs in the USA. Banking is just one part of CH. US and many international companies are selecting CH as their European headquarter. Switzerland is yet better today as it ever was, while most western countries around are lagging behind in infrastructure. Swiss people have a sense for the practical things in life and are rather realistic. That brings stability and continuous development in a world of instability. Each year, thousands of new immigrants from EU are coming to work in Switzerland. They like a life with prospects, development and freedom.

Switzerland is beautiful, and large banks are typically criminal practices. Oh, and US pressure through power or corrupt business practices has worldwide consequences. Given that job sectors that are low paying in the US are often higher paying in Switzerland, I'm still certainly considering moving there.

@peterlenherr4036

Жыл бұрын

since 2014 the Swiss bank secrecy has fallen, have Switzerland one of the cleanest bank systems in the World !

shift to Singapore

The banking sector is 8% of the Swiss economy, and they have been topping productivity charts for years. They will do just fine.

Reading the comments here, this situation in CH hasn't been explained well at all or even misrepresented. I learnt more from the comments than the video.

Ok. What about watches, luxury items, medicine, engines and motor parts and the other important sectors of the Swiss economy? Our business is larger than just banks, so this video's title is just clickbait...

@nanayh04

Жыл бұрын

around 30 years ago, some Japanese said the same thing, we have semi-conductor, cars, electric gadget, steel- but gradually dying after experiencing of some political failures. One single financial failure (even it is a big topic) won't end the country immediately specially developed countries (I mean you won't starve tomorrow immediately) but gradually kills everybody unless you have courage to face the fundamental problem behind the drama. For Japan- the fundamental issue was cronyism.

@johnnyonthespot4375

Жыл бұрын

No doubt, The Swiss people have an insane accuracy reputation and come by it quite honestly - However, what this Vid points out is how it will be disrupting their economy from within. The Banking Industry and its 'product' has a very different effect on things when something catastrophic occurs with them - Their disruption is Your disruption. Period.

@george.carlin

Жыл бұрын

Watches? Who is buying watches in 2023? I really don't understand the planet is there are many dummies who pay for a watch these days.

@george.carlin

Жыл бұрын

@@nanayh04man, Japanese are doing just fine. Ukrainians are dying if we want to talk about real problems on our planet.

@nanayh04

Жыл бұрын

@@george.carlin Ukraine has such a bad fortune with Russia. Majority of Japanese are very empathtic to their sialtuation because Russia was aiming to invade Japan initially not Ukraine but changed target to Ukraine in last min, really last min. from the agenda how they built, i must say Russia had no legit or rational reason to invade Ukraine , just they wanted destroy Ukraine. Ukraine's circumstance is different level.

If Switzerland will fall apart let Me Know please!? 😂😂 it works on all levels very good so far!! If whole world will fall - Switzerland will be the last country believe me!!

Not sure why this video lands in my algorithm but ok, then I comment: if you reduce the Swiss economy to its banking sector then you really don't know the subject matter.

Beatiful nature is rare resource. Many live in depressing nature conditions. Oligarch families move to live there.

Your analysis is way too simple!Switzerland has many strong points: government, economy spread within the whole country, no big social issue, health system, pharma, innovation etc. Switzerland is much better that what you think!