Credit Suisse had problems only in investment banking branch (after having been forced to pay billions in fines to the US government recently). At the moment the US offer the second highest level of bank secrecy (the first are Cayman Islands). Unlike European banks, the banks in US are not participating in CRS (tax information exchange system) and became the biggest non-reporting banking space. This happened after pressing many Swiss banks to pay hundreds of millions penalties and signing FATCA “agreements” - unilateral obligations to report all private clients to the US authorities.
Unlike UBS, Credit Suisse was so stupid that they continued to do investment banking after 2008. You can do other banking transactions. Swiss banks cannot do investment banking. Only US banks and British banks can do this.
switzerland has the highest suicide rate under minors, in switzerland every 4th minor has thought about it, does think about it, or has done it. but surely they hide that
The rate of vacancy of flats in Switzerland is so low that people have to compete for rental properties. The rate of foreigners in Switzerland is one of the highest in Europe and immigration (mostly from EU) is increasing its population every year due to the high living standards, excellent infrastructure, low crime rates, high salaries and work ethics.
Switzerland is overpopulated. 9 million in a small country (1990: 6.5 million), where only a third of it has habitable land. There are a lot of migrants without education who are costing the state billions. Crime is constantly increasing. Just like in all of Western Europe. Recently, migrants from Eritrea from different political camps fought against each other. This type of imported war must be stopped. Otherwise everything will get out of control. Further possible conflicts could occur between Turks against Kurds.
As the % of GDP, the ranking of Switzerland in terms of money laundering is 3rd, following Belgium and the UK. But, with regard to the absolute value, USA is the champion by far.
I think that switzerlands shortage of owne properties is more becouse you can not build a house everywhere you want but you need to build it on specific zones that are marked. Becouse the amount of People that live in switzerland is growing really fast and it doesnt give enough space it seems logical to me that less people owne theire owne propertie and that it gets more expensive fast. Still i agree with most of the points and i also think its not perfect to have so many people that not owne their own property.
The dark hole in people's brains. Why do people think that Swiss banks filled with foreign money would give the average Swiss person even one franc? Foreigners want their money back one day in the future. Are you automatically rich just because you live near a bank? Why, then, does the average Swiss own a quarter of a million francs in assets if there is no link between the foreign money in the bank and the private assets of Mr. and Mrs. Swiss.
On the expat thing, I think part of it is a general misunderstanding of foreigners on Switzerland (and many northern/central European countries in general) before moving there. Online and through other media we are taught two things: northern and central Europeans are superior to North Americans, and northern and central Europeans are much more liberal than North Americans. So when you go to a country like Switzerland and even people who vote for the Social Democrat Party sound like Fox News when it comes to immigration, integration, and identity it comes as a shock (and this comes to a shock to the Swiss when you tell them, but it is soooo true and not bad in and of itself). And then there is a different view of being friendly, which to be honest I understand the Swiss point of view but it comes as a shock. To the Swiss, friendly is the adjective of friend (which again, to be fair it is). You are friendly to your friends, being friendly to strangers is seen as being "fake". To North Americans, who are taught "you don't have to be friends with someone to be friendly to them", this can come across as rude (although most expats I know eventually like the Swiss way of interacting with strangers because it takes way less energy, the sweet spot would be everyone else acting like Americans or Canadians and you getting to act Swiss without feeling guilty). And Americans trying to sound cool and sophisticated who make expat youtube videos often use a weird coconut vs peach analogy to try and explain Swiss culture, but this analogy A) isn't really true in my opinion, and B) sets up false self fulfilling prophecies in how both Swiss expats act in the US and Americans act (or pretend to act) in Switzerland. This again I think leads to disapointment because when online all you ever hear are positives, when you experience something that might not be a big deal thats less than perfect, because your expectations are sky high, you feel let down. And hearing all specifics about why Switzerland is better than your country but then the person saying "nobody is perfect, niether are the Swiss" doesn't solve this at all, its just PC filler that people feel they "need" to say. Everyplace doesn't have to be the same and there are many wonderful things about Switzerland and many wonderful things about alot of countries (including countries that don't get the hype / positive attention Switzerland does). A hard part about living or even visiting abroad, is that while most people in countries like Switzerland have an almost phobia about exclaiming their superiority as either a country or people, they get super defensive when outsiders point out anything can could possibly be construed as negative.
Expats are generally very happpy in my experience with. Great salaries living in a beautiful country with lower taxes and low crime owning a home is not an issue in Switzerland the rental property is very high quality and tenants have good protection in the law , high immigration ( too high in the opinion of most swiss ) has put excessive pressure on housing and other services especially in Zurich and Zug . How many countries with over 25 percent foreigners would be as accommodating as Switzerland ?? Imagine your country had 25 percent foreigners its a miracle the we handle that very well in most instances
I’m a Swiss citizen whose lives out of the country for most of my life and to be honest, it’s a beautiful place to live either way. We all know there is questionable methods for how well run the country’s public services and salaries are. It is probobly the same in places like Dubai as well. I personally don’t mind moving back there someday because of certain job opportunities but dealing with the housing competition and judgmental attitude of a lot of Swiss people (which is definitely not somthing me and my family have imagined).
"Foreigners unwilling to make the move" I don't think so... There are about 2 millions foreigners in Switzerland (about 25% of total population). In 2022 about 80 000 people imigrate in Switzerland so that it is 19 000 more than the previous year... (source : Switzerland Federal Statistics)
Switzerland is full of 🇩🇴 Dominicans. They have a very long diplomatic relationship. Also, a lot of dictators from Africa are exiled in Swiss paradise. Is very interesting topic to explore and expand
Yes , everything is expensive. But everything is of high quality. Go buy cheap meat in Germany or France and watch it shrink to half size when you grill it(high water content....)
You should have researched about the Marcos. Mrs. Marcos despite the 900 cases filed against her in New York for money laundering and racketeering she was found not guilty for lack of evidences connecting her to the money trail by the US court and in the Philippines cases against the Marcos family were dropped for lack of evidences.
It’s not right all of this- the Swiss don’t buy property as they like to change the area they live in- 1/10 are millionaires. When u live there the cost of living is actually low as the wages are so good. Assisted suicide has certain conditions ie u must have a terminal illness u can’t have it done if ur depressed.The locals don’t interact with u unless u speak one of there languages (English isn’t a national language) If someone came to your country could u bother to speak their language everytime u saw them? They are polite an help if u ask for directions and if u lose ur wallet with all ur cash in u will prob get it back with everything still inside- in ten years I’ve never seen a fight an I’m happy for my gf to walk to home alone at 4am as it’s so safe, it’s the cleanest country I’ve ever been an no crime
about speaking or learn to speak native tongue when you live abroad. Ask the American, they are so entitled, they asked the local people to speak English when they are abroad. so very rude to me
Switzerland is a paradise only for rich people. But for the average people, it is hell due to its horribly high cost of living. It is more than 30 years that consumers' prices are rising constantly (rent and health insurance are what most destroy the people's purchasing power). But the problem is that if high salaries follow this evolution, average and low salaries do not. It benefits to the rich ones, of course, but for the rest of the people, it is slow general impoverishment. You say that 30 % of the people own their own apartment or house... but in reality, it is not the case... because this rate is much lower, and among the ones who "own" their apartment or house, more than 95 % of them are in debt with mortgages, which means the real owner is not them, but the banks ! And the most vulnerable are the retirees. Because pensions are going low since many years. This is the reason why so many Swiss retirees flee the country once they retire from work, and choose to go to live to countries with much lower cost of living (and with no winters too...). If they do not do this, they have no other choice than going to beg at social welfare offices for state helps which are quite limited.
This is just not true. The average person has everything and more that is needed to have a good life. Even if you do not earn enough money, the state will support you. No one has to suffer in Switzerland. Everyone has the chance to become successful. Of course the prices are high but the income is incredibly high as well. The pensions could become a problem in the future. I have to agree on that. But you don't have to be poor when you are retired. There are a lot of ways to save money for retirement and you'll get supported by the state. Switzerland is heaven on earth.
@@pierre-yvesbaumgartner7140 I live here and in one of the „poorer“ cantons but we shouldn‘t complain. Compare it with almost any country and we are in heaven. No hunger etc. Unlimited possibilities. We have to be proud and grateful.
@@djamel4669i was born and raised in the USA and have family in Brazil. It’s funny because growing up and going there for vacation, people always saw the United States as heaven, and yet, for a first world nation it has a large amount of poverty. The grass is always greener on the other side and one man’s trash is another man’s treasure…
@@youngthugger8736 I just checked - it’s 3.30 CHF in a supermarket COOP when you buy a bundle of 6! It’s 9.90 CHF per one bottle at a train station AVEC … so I am not exaggerating. Vs. 99c a bundle in a US supermarket or 1.99 USD at a gas station
Regarding Household, those pricks leading us wanted it that way. We pay like 40% more rent than it should be. The worst is because we have so many referendum, we naturally tend to blame ourselves. This country used to be good and fair for every Swiss, but now it's turning into anoter USA with high incomes for the few. Everything increasing since 1990 insurance (x5), rent (x3), but wages just 5 to 10%, lobbyist (x1000000).
@@AvioftheSand Thank you for visiting Switzerland. Switzerland is still far better than many other countries, but the new Switzerland is getting worse than the old Switzerland (for the Swiss people).
What is that ? Foreigners do not want to move to CH ? Man, more than 20 % of the inhabitants of CH are foreigners ! (and,to reply to a earlier whining of you, those who can not communicate in one of our languages can hardly make friends)
This country has to be the darkest in the world, The World Economic Forum is there.
Credit Suisse had problems only in investment banking branch (after having been forced to pay billions in fines to the US government recently). At the moment the US offer the second highest level of bank secrecy (the first are Cayman Islands). Unlike European banks, the banks in US are not participating in CRS (tax information exchange system) and became the biggest non-reporting banking space. This happened after pressing many Swiss banks to pay hundreds of millions penalties and signing FATCA “agreements” - unilateral obligations to report all private clients to the US authorities.
The US has become what the Italian Mafia was in New York City back in the days. Taking money from others for protection.
Really valuable information!
Unlike UBS, Credit Suisse was so stupid that they continued to do investment banking after 2008. You can do other banking transactions. Swiss banks cannot do investment banking. Only US banks and British banks can do this.
There is no labor shortage, but the more foreigners come, the more they can decrease salaries
The labour market in Switzerland isn't as stable as it used to be.
very keen observation, when you are a local business owner and need hundreds of people to do the jobs.
Watching this as Credit Suiss is collapsing!
One of the highest suicide rates? I wouldnt realy concider Nr.74 as "one of the highest"
switzerland has the highest suicide rate under minors, in switzerland every 4th minor has thought about it, does think about it, or has done it. but surely they hide that
Still is high
@@oo--7714😂
we are almost #1 when it comes to suicide worldwide. I am living there. There is no love here.
Shut up ! shut up !!! @Haaezly
The rate of vacancy of flats in Switzerland is so low that people have to compete for rental properties. The rate of foreigners in Switzerland is one of the highest in Europe and immigration (mostly from EU) is increasing its population every year due to the high living standards, excellent infrastructure, low crime rates, high salaries and work ethics.
Yeah... low crime rates... this is soon going to change.
There is something you don't know about this country.
@@boboutelama5748looks like everyone knows the future except me
what would that be?
@@boboutelama5748
And that is
...?@@boboutelama5748
Switzerland is overpopulated. 9 million in a small country (1990: 6.5 million), where only a third of it has habitable land. There are a lot of migrants without education who are costing the state billions. Crime is constantly increasing. Just like in all of Western Europe. Recently, migrants from Eritrea from different political camps fought against each other. This type of imported war must be stopped. Otherwise everything will get out of control. Further possible conflicts could occur between Turks against Kurds.
Switzerland is very strict.
As the % of GDP, the ranking of Switzerland in terms of money laundering is 3rd, following Belgium and the UK. But, with regard to the absolute value, USA is the champion by far.
Usa has an extreme inequality though, Gdp doesn't say much
Kinda ironic talking about Credit Suisse at the exact moment it is completely colapsing lol
Switzerland has a lot of immigrants which helps for manufacturers to keep ages low in these sectors.
I think that switzerlands shortage of owne properties is more becouse you can not build a house everywhere you want but you need to build it on specific zones that are marked. Becouse the amount of People that live in switzerland is growing really fast and it doesnt give enough space it seems logical to me that less people owne theire owne propertie and that it gets more expensive fast. Still i agree with most of the points and i also think its not perfect to have so many people that not owne their own property.
Really? Immigrants?
The dark hole in people's brains. Why do people think that
Swiss banks filled with foreign money would give the average
Swiss person even one franc?
Foreigners want their money back one day in the future.
Are you automatically rich just because you live near a bank?
Why, then, does the average Swiss own a quarter of a million francs in assets if
there is no link between the foreign money
in the bank and the private assets of Mr. and Mrs. Swiss.
On the expat thing, I think part of it is a general misunderstanding of foreigners on Switzerland (and many northern/central European countries in general) before moving there. Online and through other media we are taught two things: northern and central Europeans are superior to North Americans, and northern and central Europeans are much more liberal than North Americans. So when you go to a country like Switzerland and even people who vote for the Social Democrat Party sound like Fox News when it comes to immigration, integration, and identity it comes as a shock (and this comes to a shock to the Swiss when you tell them, but it is soooo true and not bad in and of itself). And then there is a different view of being friendly, which to be honest I understand the Swiss point of view but it comes as a shock. To the Swiss, friendly is the adjective of friend (which again, to be fair it is). You are friendly to your friends, being friendly to strangers is seen as being "fake". To North Americans, who are taught "you don't have to be friends with someone to be friendly to them", this can come across as rude (although most expats I know eventually like the Swiss way of interacting with strangers because it takes way less energy, the sweet spot would be everyone else acting like Americans or Canadians and you getting to act Swiss without feeling guilty). And Americans trying to sound cool and sophisticated who make expat youtube videos often use a weird coconut vs peach analogy to try and explain Swiss culture, but this analogy A) isn't really true in my opinion, and B) sets up false self fulfilling prophecies in how both Swiss expats act in the US and Americans act (or pretend to act) in Switzerland. This again I think leads to disapointment because when online all you ever hear are positives, when you experience something that might not be a big deal thats less than perfect, because your expectations are sky high, you feel let down. And hearing all specifics about why Switzerland is better than your country but then the person saying "nobody is perfect, niether are the Swiss" doesn't solve this at all, its just PC filler that people feel they "need" to say.
Everyplace doesn't have to be the same and there are many wonderful things about Switzerland and many wonderful things about alot of countries (including countries that don't get the hype / positive attention Switzerland does). A hard part about living or even visiting abroad, is that while most people in countries like Switzerland have an almost phobia about exclaiming their superiority as either a country or people, they get super defensive when outsiders point out anything can could possibly be construed as negative.
What do you mean by - superior?
What a thoughtful post, thank you. I wouldn't waste your time explaining what the very basic term/concept superior to means.
in other words, it sucks to be a swiss citizen
The high rate of suicides is also from educational pressure and inequality.
Source: I grew up and lived 20 years there
Probably because euthanasia is legal there too
Would you agree they are misanthrops?
Expats are generally very happpy in my experience with. Great salaries living in a beautiful country with lower taxes and low crime owning a home is not an issue in Switzerland the rental property is very high quality and tenants have good protection in the law , high immigration ( too high in the opinion of most swiss ) has put excessive pressure on housing and other services especially in Zurich and Zug . How many countries with over 25 percent foreigners would be as accommodating as Switzerland ?? Imagine your country had 25 percent foreigners its a miracle the we handle that very well in most instances
The Devil lives in Switzerland
rather in your small brain
@@Baselfreaki will slap the shit out of u let him speak the Truth lol u lil piece of Devil
I’m a Swiss citizen whose lives out of the country for most of my life and to be honest, it’s a beautiful place to live either way.
We all know there is questionable methods for how well run the country’s public services and salaries are. It is probobly the same in places like Dubai as well. I personally don’t mind moving back there someday because of certain job opportunities but dealing with the housing competition and judgmental attitude of a lot of Swiss people (which is definitely not somthing me and my family have imagined).
"Foreigners unwilling to make the move"
I don't think so...
There are about 2 millions foreigners in Switzerland (about 25% of total population).
In 2022 about 80 000 people imigrate in Switzerland so that it is 19 000 more than the previous year...
(source : Switzerland Federal Statistics)
Yes but do they stay or are they just a work force for dirty/physically taxing/undesirable jobs and get replaced every decade or so?
Switzerland is full of 🇩🇴 Dominicans. They have a very long diplomatic relationship. Also, a lot of dictators from Africa are exiled in Swiss paradise. Is very interesting topic to explore and expand
Yes , everything is expensive. But everything is of high quality. Go buy cheap meat in Germany or France and watch it shrink to half size when you grill it(high water content....)
You should have researched about the Marcos. Mrs. Marcos despite the 900 cases filed against her in New York for money laundering and racketeering she was found not guilty for lack of evidences connecting her to the money trail by the US court and in the Philippines cases against the Marcos family were dropped for lack of evidences.
It’s not right all of this- the Swiss don’t buy property as they like to change the area they live in- 1/10 are millionaires. When u live there the cost of living is actually low as the wages are so good. Assisted suicide has certain conditions ie u must have a terminal illness u can’t have it done if ur depressed.The locals don’t interact with u unless u speak one of there languages (English isn’t a national language) If someone came to your country could u bother to speak their language everytime u saw them? They are polite an help if u ask for directions and if u lose ur wallet with all ur cash in u will prob get it back with everything still inside- in ten years I’ve never seen a fight an I’m happy for my gf to walk to home alone at 4am as it’s so safe, it’s the cleanest country I’ve ever been an no crime
about speaking or learn to speak native tongue when you live abroad. Ask the American, they are so entitled, they asked the local people to speak English when they are abroad. so very rude to me
I don't care I just love my adopted country.
Switzerland is a paradise only for rich people. But for the average people, it is hell due to its horribly high cost of living. It is more than 30 years that consumers' prices are rising constantly (rent and health insurance are what most destroy the people's purchasing power). But the problem is that if high salaries follow this evolution, average and low salaries do not. It benefits to the rich ones, of course, but for the rest of the people, it is slow general impoverishment. You say that 30 % of the people own their own apartment or house... but in reality, it is not the case... because this rate is much lower, and among the ones who "own" their apartment or house, more than 95 % of them are in debt with mortgages, which means the real owner is not them, but the banks ! And the most vulnerable are the retirees. Because pensions are going low since many years. This is the reason why so many Swiss retirees flee the country once they retire from work, and choose to go to live to countries with much lower cost of living (and with no winters too...). If they do not do this, they have no other choice than going to beg at social welfare offices for state helps which are quite limited.
This is just not true. The average person has everything and more that is needed to have a good life. Even if you do not earn enough money, the state will support you. No one has to suffer in Switzerland. Everyone has the chance to become successful. Of course the prices are high but the income is incredibly high as well.
The pensions could become a problem in the future. I have to agree on that. But you don't have to be poor when you are retired. There are a lot of ways to save money for retirement and you'll get supported by the state.
Switzerland is heaven on earth.
same in canada, everyone is slowly becoming poor
@@djamel4669 do you live in Switzerland and where ? Because I do, I hope what you say is true from living here lol
@@pierre-yvesbaumgartner7140 I live here and in one of the „poorer“ cantons but we shouldn‘t complain. Compare it with almost any country and we are in heaven. No hunger etc. Unlimited possibilities. We have to be proud and grateful.
@@djamel4669i was born and raised in the USA and have family in Brazil. It’s funny because growing up and going there for vacation, people always saw the United States as heaven, and yet, for a first world nation it has a large amount of poverty. The grass is always greener on the other side and one man’s trash is another man’s treasure…
Nestlè owns 70% of all water resources. Blooddiamonds and the sky rocking banks after ww2 are questionable 😅
your content is so professional, your channel will definetly grow soon, u have my subscribe,like and share
wow thanks man! Glad you have enjoyed it. Will have more videos soon
Credit Suisse-kaput
0:21: "SwitzelRand"
Right... credit suisse! Wink wink
Arizona ice tea that sells 99 cents in the US is priced at $15 at a regular train station … that’s enough said
My friend you have been scammed or lied to, maybe $3, but definitely not $15 😂😂
It‘s 3-4 dollars don’t over exaggerate. And the US is also very expensive in most places…
@@youngthugger8736 I just checked - it’s 3.30 CHF in a supermarket COOP when you buy a bundle of 6! It’s 9.90 CHF per one bottle at a train station AVEC … so I am not exaggerating. Vs. 99c a bundle in a US supermarket or 1.99 USD at a gas station
You are giving the same information as other channels are giving.
Regarding Household, those pricks leading us wanted it that way. We pay like 40% more rent than it should be. The worst is because we have so many referendum, we naturally tend to blame ourselves. This country used to be good and fair for every Swiss, but now it's turning into anoter USA with high incomes for the few. Everything increasing since 1990 insurance (x5), rent (x3), but wages just 5 to 10%, lobbyist (x1000000).
I visited Switzerland last July and really loved the country. I'm sorry for your troubles. Apparently, nowhere is perfect.
@@AvioftheSand Thank you for visiting Switzerland. Switzerland is still far better than many other countries, but the new Switzerland is getting worse than the old Switzerland (for the Swiss people).
What is that ? Foreigners do not want to move to CH ? Man, more than 20 % of the inhabitants of CH are foreigners ! (and,to reply to a earlier whining of you, those who can not communicate in one of our languages can hardly make friends)
Heaven for money laundromat..?
Lol
Im the dark side of switzerland :) I represent it in esport hehe…
Credit suisse and Mozambique...
Oh, women committing suicide, how terrible... Why highlight women specifically? I take it they're special?
"Promosm"
oooof
suicide seems legit at times
Yeah its my countrys corruption money.