Countries are struggling to contain inflation, but not Switzerland. Here's why

As many countries across the globe battle sky-high inflation, Switzerland’s economy is seeing something far less dramatic.
Inflation in Switzerland hit a 29-year high of 3.5% in 2022. While high by Swiss standards, that figure is well below the double-digit inflation of comparable economies including the United States (9.1%), United Kingdom (11.1%) and euro zone (10.6%).
On top of that, economists say it’s easing.
“It’s coming down a little bit,” Tobias Straumann, professor of modern and economic history at the University of Zurich, told CNBC.
So, what is it about the Swiss economy that’s allowed it to largely sidestep inflation, and what can other countries learn from it? Watch the video to find out. cnb.cx/41qXuXw
#CNBC #Inflation #Switzerland #Economy
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[@donovantobs]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[@MickyGlover]

If you lack knowledge about market investing tactics, get advice from a financial counselor.

[@kurtKking]

Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

[@Kalilkobe]

I could really use the expertise of this advsors.

[@kurtKking]

@@Kalilkobe Her name is 'Mary Kaliope Braun’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Kalilkobe]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@Der8cho]

All I learned is that inflation is a poor person problem.

[@user-rh2xz5sd8o]

And that it hits even harder countries with high level of corruption and poor energy sector.

[@OmDesk]

Fact

[@WiseOwl_1408]

Yes. That's why governments don't actually care about it

[@abdulazizelijahfanan1632]

don't be fooled, this does nto take into account alot of things th gov did and that's to avoid public uprising .

[@jkn5039]

Finished watching the video and I clearly see where you're coming from

[@RossiPopa]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@RichardMoore-jg5tl]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@RusuSilva]

If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 60% early this year. It is, in my opinion, the best way to get started in the industry right now.

[@FusunTumsavas-cq7tp]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@RusuSilva]

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@FusunTumsavas-cq7tp]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@l.p.5407]

I'm Swiss and living below the poverty line. Inflation is very real in Switzerland too and I'm struggling. My electricity bill has doubled in 6 months and I need to find deals on almost expired food to afford groceries. I'm absolutely non the only Swiss living with the same problem. Stop erasing poverty in rich countries. Thank you.

[@sarahjane7041]

I thought the same, prices for pasta rose 40% and more, fuel is on a long time high level, even our politicians decsided to give themself more money.. but nothing for the poor.. maybe 800 000 out of 9 mio are just a to small amount of people to take care of. Luckily our regime have still over 25 Million vaxdoses left to put them to the garabage, since Africa don't want them anymore.

[@c.l4219]

Exactly. Food and energy is a daily need, can't live without it and it is so much higher than3%. Just lies and false advertising by Swiss government

[@ssuwandi3240]

Take a break and move to Thailand. The G7 countries are decoupling from China and that means cost will go shoot off the roof like in the 70s.

[@Syneptic]

I live in Switzerland and I‘ve noticed pretty much nothing. Rent and electricity is the same it‘s always been. Food might have become a little more expensive.

[@missjee6849]

@@Syneptic not everyone have the possibilities

[@vugarmurshudov3838]

the more she breaks the toblerone, the longer it gets

[@antonyzhou6602]

That's because of low inflation in Swiss.

[@vugarmurshudov3838]

@@antonyzhou6602 🤣

[@the_notorious_bas]

Which means that 'toblerone' is getting excited

[@real-satoshi-nakamoto]

Switzerland is one of the world's wealthiest countries because it is the safe heaven for corrupt political leaders. Those corrupts leader's keep their money in Swiss banks. This is way their currency is up and they don't feel inflation.

[@theamazingfreak]

@@real-satoshi-nakamoto More than just corrupt political leaders, also corrupt oligarchs and business people.

[@linsey.]

Recessions are where multi millionaires are created. I feel for the older generation, but if you are young or middle age, you should do everything possible to double and triple your investments.

[@Campbell957]

Recession is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire..

[@Barbara0015]

I curiously made a google research of his full names after reading what you shared, I came across his web-page on-line. Thanks for the information!!

[@williamsdavis.]

John Desmond Heppolette, has helped me become debt-free and save for retirement." | made over seven figures during the crash in the financial market, which made it clear there's more to the market than we average joes know. Having a financial advisor is currently the best course of action..

[@ahmedzakikhan7639]

Switzerland is the most capitalist country in Europe.

[@wizaaeed]

Explain? Because last time i checked rich people were already rich before the recession

[@Raymondjohn2]

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, 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.

[@hermanramos7092]

These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.

[@martingiavarini]

Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.

[@bob.weaver72]

Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.

[@hermanramos7092]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?

[@bob.weaver72]

my advisor is ‘’Catherine Morrison Evans ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Erinmills98]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@IrenaDolinsek]

Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.

[@AstaKristjan]

@@IrenaDolinsek The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@user-sb6po3yj7d]

@@AstaKristjan Hi Mate, please how can i reach this CFA of yours?

[@AstaKristjan]

@@user-sb6po3yj7d My financial advisor, "KATHLEEN YANELLI CAROLE", is a highly qualified and experienced professional in the financial market. She possesses a broad understanding of portfolio diversification and is recognized as an expert in this field.

[@gabrieldsouza6541]

America is not experiencing a recession

[@Sheil-hard]

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

[@bob.weaver72]

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

[@lipglosskitten2610]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@hermanramos7092]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@bob.weaver72]

@@hermanramos7092 Impressive can you share more info?

[@hermanramos7092]

@@bob.weaver72 My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@SamBessalah]

Seriously, Switzerland is already so expensive compared to its neighbours, that a 3.5% inflation seems like normal yearly price increase.

[@thomashausner6962]

This partly changed. An example is coffee. I was in Gemany last weekend and the my favourite brand cost 8,5€ in Germany and 8,5 CHF back here. Just one of the eeamples. And as Robet says, our salaries are higher (more important, we pay some 8-12% tax and not close to 50 (as single))

[@andrewdrewdrew1637]

@@thomashausner6962 how do I move to your country ? lol

[@jasonhaven7170]

@@andrewdrewdrew1637 they won't let you be a citizen

[@simyanqla]

exactly this

[@hansenlye2487]

i thot so too

[@romakuriyanov9222]

Food prices went up in Switzerland on 4% compared to Germany 16% but my aunt who lives in Switzerland would still go to buy food in Germany because it’s still cheaper in Germany

[@R3lay0]

Well the Euro also lost 10% compared to the Swiss Franc. So if you bought stuff for €100 that used to be 110 CHF, now it's €116 and 116 CHF. So the price increase is only 5% in CHF.

[@paul1979uk2000]

@@R3lay0 But food is also less expensive in EU countries compared to the US, even with the price hike over the last year. Food prices are less likely to go up a lot in countries where it's already expensive to begin with, and that's the case in Switzerland and the US. Still thought, that doesn't mean consumers don't feel it because you get used to something, regardless of how much it cost, so any price hike is always felt, even if the starting base was lower than the above 2 countries.

[@LaVidadeM]

Not anymore, man. I use to buy in France from Geneva. It’s not profitable at this date. You might save maybe 10 bucks, but now some things are more expensive in Germany and France than here in Switzerland 🇨🇭

[@YoungAsznee]

I do that too

[@excusemenoexcusemeno1671]

I stayed in Munich Germany last week for a week vacation. I felt like the food, taxi and hotels are way cheaper than here in the U.S... The taxi driver was venting and saying that rents are too expensive. He said that in the city is like $1,000 a month one bedroom... I wish i lived in Munich😕

[@NicholasBall130]

The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?Read more

[@StacieBMui]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

[@EleanorBaker474]

Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@StocksWolf752]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@EleanorBaker474]

Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@rrcontracting9028]

If you believe interest rates are going up and the market down you can go short on spy using options or futures. You can go long on 30 year treasury futures interest rates. Or you can buy treasuries at the highest rate you can and wait for rates to come back down selling your treasuries at a premium .

[@HafezBd]

The #1 priority for everyone right now should be investing in non-government alternative income sources. specifically in light of the present global economic crisis. Nowadays, investments in stocks, oil, and virtual currencies are still appealing.

[@alexanderjames3043]

@@harod033 That is amazing! Since my portfolio has greatly deteriorated, I could really use this advisor's expertise. If you could suggest a reputable investing advisor, I would be grateful.

[@RaheemTheJeweler]

Just move out of USA 🇺🇸

[@Drainfrog45]

SEND IN THE BOTS

[@OkayBaby-cu8bx]

Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

[@AmaraDMaple]

@@MemeBaby-dk9pl Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.

[@KerryBanks-dp4wh]

@@AmaraDMaple Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@MemeBaby-dk9pl]

@@KerryBanks-dp4wh wow that's stirring, Please provide the information for your CFP here. I really need it now

[@KerryBanks-dp4wh]

@@MemeBaby-dk9pl She is ISABEL LINDA DUERI, my CFP. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy...

[@kathiewest5842]

@@KerryBanks-dp4wh wow you know Isabel? She's such a genuis i must say.

[@chrismillar7593]

I laughed at „Here in Switzerland, a small mountainous nation in Europe“… thanks for clearing that up for your American audience.

[@macjonte]

Yep, often I get the “thanks for all the great chocolate”. Nope, maybe ikea? /Swede ;)

[@tomkyxl]

a typical example of americans not knowing geography

[@datingandlifeadvicechannel7534]

Why American audience maybe everyone kept people can’t afford. I saw a 16 year old boy wearing a Rolex in switzerland lol. I’m rich too

[@d3r4g45]

..in Europe, a northern hemisphere continent.

[@macjonte]

To be fair, I don’t know many states in Northern America either. I think I know more countries in North America than Canadian states. :)

[@Brennanoliver775]

I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[@AaronZak-js]

Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k.

[@AaronZak-js]

One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.

[@MorganGarner-bk]

thank you for sharing; I just looked up the broker you recommended on Google and was really impressed with her qualifications. I will immediately send her an email.

[@saranobutt]

What's the greatest thing about Switzerland? I don't know, but the flag is a big plus.

[@jeanclaudejunior]

hey. I'm from Switzerland

[@hamhotpocket3788]

​@@jeanclaudejunior It's a joke.

[@Jimmyzheng12321]

See what you did there lol

[@madi8181]

Just the flag

[@Just-a-bit-Jay]

You win the internet today 👏🏻👏🏻👏🏻

[@bob.weaver72]

Yes stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[@kenanporubsky2122]

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

[@lipglosskitten2610]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@martingiavarini]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@kenanporubsky2122]

@@martingiavarini Impressive can you share more info?

[@martingiavarini]

@@kenanporubsky2122 My advisor is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@madiezancanellatl9205]

Every family has that one person who will break the family's financial struggle, I hope you become the one 😊

[@kelvinpeter8640]

Assets that can make you rich Cry-pto Stocks Real estate

[@josephfrys6969]

@@kelvinpeter8640 You're right, it's obvious a lot of people remain poor due to ignorance

[@ningyen1444]

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

[@claresmithy4667]

Starting early is the best way to getting ahead of build wealth, investing remains the priority

[@lovecricket6736]

I advice everyone to start investing and never rely on just salary. No billionaire made it through salary

[@tvanbroekhoven]

How to avoid inflation: Step 1: be rich.

[@BrokenSoldier1515]

No take care of your citizens and keep control of basic human needs like rent energy and food prices.

[@richardmenz3257]

Close, make your whole population rich instead of having people with income and wealthy people owning business

[@imsohandsome]

@@BrokenSoldier1515 yeah sure lol Venezuela did that too. They even handed out free money

[@BrokenSoldier1515]

@@imsohandsome did they make education free, free healthcare, high taxes on rich people for proper wealth distribution? If they did such things then you talk otherwise what Venezuela did was only to go to revolution without tackling the problem of corruption in their society. Corruption ate them not their free handing out money.

[@The_Vigilante]

And how do you get rich?

[@joesphcu8975]

People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.

[@alexyoung3126]

With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.

[@lawerencemiller9720]

You’re right! The current market might give opportunities to maximize profit, but in order to execute such effective transactions, you must be a skilled practitioner.

[@simonfes3770]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million.

[@stephaniestella213]

@@simonfes3770 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well.

[@simonfes3770]

I am being guided by “Eileen Ruth Sparks” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.

[@antonnohr]

It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.

[@VickyAlvy]

Staying in touch with a financial advisor was my effective strategy. During the pandemic, I outperformed the market, earning about $200k in four months. Its been a remarkable few years for me with my advisor .

[@ClementRusso2]

I wholeheartedly agree, which is why I choose to delegate my daily decisions to a supervisor. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my supervisor for over two years and have earned over a quarter-million dolars.

[@Jason9o669]

My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?

[@ClementRusso2]

​ @Jason9o669 There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more

[@Rodxmirixm]

She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!

[@rrroj]

As a swiss citizen in the middle class, I definitely felt the inflation. Especially as a student these slight increases can make a big difference. Living in Switzerland is very costly

[@Timelineboy]

Then move to a cheaper contry where your salary will be 500euro.

[@rrroj]

@@Timelineboy I used to live in a country where the monthly salary was half of that. I'm not saying I am not happy, just saying we feel the inflation too

[@MakoNext]

@@rrroj people are so keen to take stuff in extreme ways lol "are you unhappy? go live in war zone!!!"

[@APKZ04]

Where i live the minum salary is 725 600 or something close after tax and the rent in the capital lisbon on can easily be 700 or more so.@@rrroj

[@rrroj]

@@veeclover3433 Again, I am not comparing it. Just saying that we feel it. 6 months after my comment I even feel it more.

[@OlatundeAdegbola]

7:29 She keeps snapping the chocolate without us seeing her eat it!

[@FreedomAcademyNetwork]

Fun fact: Switzerland is home to the most international organizations than any other country outside the US.

[@XR190190]

ofc they are neutral

[@akbk2505]

A fact that is not so fun. These transnationals are often parasitic holdings, traders or financial institutions that are here for tax reasons and in many cases have zero historical connection to Switzerland, such as e.g. Google (with apparently 5k employees in CH).

[@professorarjun1234]

@@XR190190 yeah majority of the times

[@utkdimebag]

And what does that change?

[@karigrandii]

Because the organizations don’t have to pay taxes that’s why. It’s really that simple.

[@morganbosc7223]

This was the longest Toblerone commercial I’ve ever seen.

[@towerguarder]

when a simple meal for 2 cost 70 euros and some generic restaurant. you wonder how inflated things have been already.

[@ibberman]

Where can you eat for less?

[@shikharsrivastava3558]

@@ibberman Berlin

[@simonspethmann8086]

​@@shikharsrivastava3558 Prices have risen in B, too, but the incomes are astronomically low in all fields. (Except for a select few. Lots of 1%ers in B, so the average income won't tell you anything.) Know quite a bunch of people who left Berlin for Zürich and are far better off. Now, trying to eat in Zurich on a Berlin income, though.... ouch 😳

[@shikharsrivastava3558]

@@simonspethmann8086 was meinst du mit "B"? 😅

[@user-ew6ve1zq1t]

i know right. poor swiss people with the highest salaries in europe. how can they even afford anything, they must be suffering

[@GGBeyond]

I have a sudden urge to get a Toblerone. I don't know why.

[@grimmar80]

I like how Japan is always in contention, being a comparison to wealth -0 despite the fact it struggles with a massive economical crisis from the beginning of the 90's!

[@agpwhiz]

And then this carefully crafted and maintained image tumbled down with Credit Suisse....

[@youngthugger8736]

and all that becomes of a few greedy bankers….

[@dsad2707]

it must be nice to have a competent government

[@eXislander]

if by competent, you mean one supported by stolen wealth and exploitation-- sure. What would happen that wealth was taken away?

[@Vitor.S.]

@@eXislander fr

[@Raritytuber]

@@eXislander That's what's happening in the socialist democracy where I live as well. The politicians legally steal more and more from it's citizens each year and gladly give it away to other countries in need. Meanwhile the health care system is struggling, businesses are going bankrupt because of electricity prices, the currency is super weak, inflation is rampant and so forth and the elected people in power try and look the other way as much as they can.

[@eXislander]

@@Raritytuber by "stealing" you mean using taxes collected from wealthy citizens who directly benefited from the exploitation of other parts of the world to help those in need-- is that the "stealing" you are talking about-- helping someone who is a way worst position than you-- people your ancestors took advantage off and left them in untold hardship, with your corporations continuing to exploit their suffering for their advantage??? And you are angry at the scraps your politicians throw at them?? Have you no shame??? Everyone wants to be a victim-- European wealth and great health care often comes at the expense of 3rd world starvation. France continues to exploit the poorest countries of the world while feigning superiority. Belgium owes its civilization to African blood. Switzerland is so rich that inflation barely impacts it.. I wonder if the reporter kept breaking the chocolate to remind us that they don't grow cocoa but has a monopoly on the trade???

[@grandioso3507]

@@Raritytuber where do you live?

[@IamJustAli]

The primary factor that can account for Switzerland's ability to stave off high inflation can be attributed to the concept of state-control. The presence of state-owned enterprises operating in the essential commodities sector, such as food, energy, and property businesses, is instrumental in preventing the onset of inflation. This is because inflation arises from a culture of profiteering, which is mitigated by the existence of such enterprises under government supervision.

[@ilovesuisse1]

We have a strong currency and that has helped to keep inflation lower too.

[@diegoancap]

Wtf you just said

[@larryc1616]

Socialism works!

[@drunkensailor112]

​@@larryc1616 pretty much all of europe is socialist. But that is a dirty word in the us.

[@E85stattElektro]

@@larryc1616 Switzerland is probably the most capitalist country in western Europe. The taxes can even be lower than in the US, depending on the Kanton you are looking at.

[@JonathanBourdon]

Difficult to have inflation when a cheeseburger is already 17.99$ 😂😂 and bottle of water 8$

[@jeanclaudejunior]

2:48 That's Aigle Castle in the canton of Vaud! 3:36 That's the St-Bernard pass in the Canton of Valais near the Italian border! 3:41 Cointrin Airport in the canton of Geneva.

[@k.t.5405]

What? Left out Bern ? Pfff

[@thelastname2k]

Switzerland probably didn't print $16T at the start of 2020...

[@willinton06]

Neither did Germany

[@Michael_NV]

That’s the best explanation I’ve heard.

[@Michael_NV]

@@willinton06 no, Germans are doing it for years.

[@thenewtheory]

@@willinton06 ecb did

[@duncankowable]

This article aged well, especially for Swiss banks

[@tomo1168]

the article is still true. she said nothing about CS :D

[@ericbabich]

@@tomo1168 watch first 3 seconds of video, the sign has to change at least

[@ericbabich]

0:03

[@cookingwithnimoh]

You're breaking the tolebrone chocolate bar wrongly. You should break it by pushing it inwards.

[@thomashornstein4253]

Official inflation rate does not include all goods and services. For instance, it doesn’t include health care insurance premium. They have soared over the last two decades and increased at a significantly higher rate than the GDP per capita did. About 1/3 of the families in Switzerland get subsidized on Health Care Insurance cost! Because they can’t afford it. Actual inflation is definitely higher, but not yet as high as some neighboring countries, though.

[@xxdmoxxde.e5618]

Very very accurate. "Inflation figures" are based on select few goods in the market in the economy "basket" and are not reflective of every single product in the market.

[@michaeld4861]

Meanwhile in the US 1/3 of the country can't afford health insurance and the ones that do have it can't afford to use it. Our "inflation" numbers are extremely cherry picked in order to present a more favorable outcome for corporations over people.

[@EwaSara]

I agree. But I would ad that inflation in other countries in higher in reality too.

[@tuckerbugeater]

@@michaeld4861 America is built to be the innovator of the world and Europe is the socialist paradise. That's the post WW2 global order.

[@PeterListov]

Agree. I think we started with something over 220 CHF per month 5 years ago, now we are paying ~360 CHF per month. And yes, as a PhD student I was once subsidised.

[@posthocprior]

The report is titled how Switzerland “beat” inflation. But, according to the report, it was never high. The reasons stated are why Switzerland is seemingly immune from it rising to the same levels seen in other countries. So, the title is misleading. That is, there was nothing to beat and therefore Switzerland didn’t do anything to lower inflation.

[@krissp8712]

A gram of prevention is better than a kilo of cure, I suppose.

[@weedling3552]

@@freeuserdata small and competent yes, homogenous not at all. every one of our 26 kantons has its own culture and customs, we have 4 official languages and kantonal dialects are so different that its very hard to understand some people. we also have large populations of immigrants (not the recent ones) that have successfully integrated. you are right about gigantic government, we dont even have a capital (in the normal sense) government functions are spread out and we dont have a (normal) presidency, instead we have a federal council.

[@mottetar]

@Kougami True and this is why the Swiss want to keep governments away from any kind of intervention as much as possible.

[@christheswiss390]

Except cultivate its own currency, be a stable and very liberal, free market and highly democratic country with the best universities in all of continental Europe and a highly trained work force and an economy used to generating wealth by creating high value-added products and services while buying locally and protecting nationaly inporant sectors such as agriculture and economically relevant sectors such as energy production. Many of these factors were explicitly mentioned in the video. If you missed them, so has your government. THAT explains why your country cannot copy what is essentially a fairly simple business model. People only see what they WANT to see. 🤓

[@sarasasa_]

I think many of the information showed and shared are misleading. They tend to generalize on too many things but it is not that prices did not went higher, nor that people are all rich

[@MrGriff305]

Switzerland is a teeny tiny privileged nation that depends on real countries for its sovereignty and existence. That's how it manages its few dozen people miraculously.

[@xdbxlsilvio3681]

i live in switzerland and i dont know where this info is from, since corona everything ist about 30% more expensive than normal

[@MarcusAurelius7777]

They just lie and tell everyone inflation is less than people's annual salary increases. Otherwise people would riot if they knew their currency was being essentially devalued by 15% every year!

[@sams3015]

I was in Switzerland in December and honestly it wasn’t the scary prices it use to be compared to here (Ireland)

[@rob_m]

Agreed, could actually go for a meal out in Zurich and felt like I got decent value.

[@flavioc5389]

Indeed, not much more expensive than in NYC.

[@mysticaltyger2009]

It sounds like the rest of the developed world now has Swiss prices without the Swiss standard of living.

[@gabrielzadoni2149]

That clichee about Switzerland being so damn expensive is just overhyped. Of course it's expensive compared to many other countries, but there are a bunch of countries who are more or same expensive but don't have to carry that permanent "it's expensive" tag

[@SO-rq3pm]

@@mysticaltyger2009 well said!

[@TeresaBrickle]

The FED is aware. They have no firm plans to combat inflation. Stocks and commodities will rise along with everything else as they will continue to inflate. You can't just sit on your cash and wait for a crash; you have to put your money to work, start investing gently, and then pick up the pace as the prices fall further. Making the decision to take money out of my account in excess of $365,000 at this time is more difficult. I am aware of certain investors that continue to make that much despite the terrible downturn market. I wish I could pull that off.

[@Curbalnk]

Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, I mean I've heard of people making up to $300k during this crash and I'd like to know how.

[@velayuthman]

@@Curbalnk The current market may present opportunities to maximize profit in the near term, but to put such a strategy into practice, you must be a skilled practitioner.

[@colleen.odegaard]

@@velayuthman Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "HEATHER ANN CHRISTENSEN" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@velayuthman]

@@colleen.odegaard Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

[@colleen.odegaard]

@@velayuthman Most likely, you can find her basic information online; you are welcome to do further study.

[@sirsluginston]

I'm sure Credit Suisse is really appreciative they contained inflation right about now.

[@Samim5cs]

Crying in UBS

[@StarFox85]

we love our Switzerland ❤

[@MohnotYash]

50% of the video is the Lady breaking Toblerone bar.

[@Kevin-fq3zh]

she does it with style though 😍

[@Panzerino02]

And speaking, a typical, Anglo-Saxons rubbish... .

[@djkramerd4582]

Not sure what the significance of this is😂😂

[@AdamBechtol]

lol which never shrinks

[@ikkisato]

What happens to all those Toblerone pieces? Does she eat them all or just throws them out?

[@ce9916]

I was wondering the same thing😂

[@hehashivemind6111]

Don't be fooled, this is actually a Toblerone ad :P

[@airo8416]

I live in Switzerland and everything has become very expensive and inflated. Except for the worker's salary. I asked the competent authorities, and they told me that you are an ordinary worker without a certificate. But when I go to the store, I don't find a shelf with cheap prices for those who don't have a diploma. So I learned that the measure of inflation is measured by the wealthy and diploma holders.

[@Fourside__]

As a bottom end earner in switzerland its definetly noticable. But im grateful its not worse like in the UK or italy

[@davidepatti4835]

I am swiss. It's always the same. Things start in the USA, then UK, then Europe then us here in CH. Trends, crisis, laws... We re just slow. That's what I expect. We'll see a surge. Housing prices are in a bubble and really only affordable with big loans. So yeah it needs to explode and go down. Overall you can almost ignore hydropower here ...

[@jeanclaudejunior]

I'm Swiss too, Davide Patti

[@torreytripp9898]

The most amazing thing about this video is that you got swiss people on the street to agree to be interviewed.

[@justmeajah]

Hahaha yep thinking of the same 😅

[@alr6111]

Hard to inflate when everything cost a million bucks already in Switzerland

[@cisium1184]

I mean it's not that complicated: the CHF maintains a significantly higher gold-to-currency ratio than most of the world's currencies. Foreign money has flowed steadily into Switzerland the past three years as wealthy people in other countries run from their own overprinted, inflating currencies. This makes imported goods cheaper in Switzerland, which in turn forces domestic producers to suppress price hikes to in order to stay competitive with foreign goods. In short, Switzerland is prospering off the less prudent monetary policies of larger countries. Which is pretty much what Switzerland has always done.

[@mottetar]

Your completely right, but he, winners take oft advantage of competition's weaknesses. In sport it's the same. And if the competitor does not improve, it's just too bad for them.

[@christheswiss390]

That must explain why Switzerland produces the most patents per capita in the world and the US as number two only produces half the patents per capita of the Swiss. That should also explain why Switzerland is ranked as the most cometitive country on the planet. It's all that foreign money flowing in... 🤣😂

[@shieldwolfminiatures8645]

You got it all wrong I'm afraid. There's not a SINGLE country today that has their currency pegged to gold (or any commodity for that matter), the Swiss used to have a 40% but after 2001 or so, held a referendum and it was de-pegged. ALL currencies worldwide today are fiat currencies, nothing to back them with but faith. Hence the latin word fiat, by decree. Cheers!

[@darwinmetropolis8768]

@@shieldwolfminiatures8645 Your statement is wrong. The Swiss National Bank holds about 5 percent of its currency reserves in gold. At the end of 2021, this gold was worth 56 billion Swiss francs. Ninety-five percent of the currency reserves consist of foreign currency investments. These were worth around one trillion Swiss francs at the end of 2021. Source: Annual Report of the Swiss National Bank 2021.

[@shieldwolfminiatures8645]

@@darwinmetropolis8768 you are saying one thing and I'm saying another my friend. You are stating what the assets are from the bank (Swiss National Bank in this case), I am stating instead what the currency issued is backed by. You may argue that it is backed by what the SNB holds as assets to back the currency printed, but what you are essentially saying is that only 5% could in theory be backed by gold. That still doesn't mean it's gold backed (Gold backed currency means you can deposit the bank note to the bank to redeem physical gold for the value of the banbk note issued by said bank), nor that a measly 5% is anything significant to the total amount of swiss francs in circulation.

[@stevemorse108]

Thank you for this very interesting presentation which taught me several things I didn't know despite the fact that I live in Switzerland.

[@stevemorse108]

@@boboutelama5748 what are you talking about?

[@0x1337feed]

@@boboutelama5748we know about your piggy mom

[@anonanon7278]

If I remember correctly, Switzerland didn't lock down duing the pandemic, so their government didn't print billions and billions of dollars to keep the economy going, which is why all other countries that did are now facing high inflation.

[@HenryHTHV01]

That's true.

[@sibylleburki9296]

Not true. We had lockdowns.

[@ShadowOfThePit]

well, we *did* go into lockdown, but only for 6 weeks

[@MarcusAurelius7777]

Swiss prices are still way higher than Germany anyway, b/c they have to import everything, & produce essentially NOTHING. Also Ex Nazi sympathizers...

[@RobertMBabic]

Informative. Seems reliable. Thanks for reporting.

[@siddharthakarthik6645]

Cost of living is so high in Switzerland that even inflation couldn’t beat it.

[@Ace-ht1is]

People think Switzerland is extremely expensive while LA and NY are way more expensive and people earn way less than Swiss people.

[@ioandragulescu6063]

hmmm how's Credit Suisse doing ...?

[@davideggleton5566]

Excellent report on the Swiss economy and strength in the face of global inflation concerns

[@CHMichael]

The Swiss managed to grow and produce everything they need on a daily basis . We shouldn't forget that Switzerland was always very expensive for non Swiss so for them to be more expensive is difficult.

[@romainsavioz5466]

😂

[@dukeraoul815]

Its only because the agricultural is protected sector from the outside.

[@nicktaylor1003]

i love the first minute. Well prices are just high here to begin with. Great advice to beat inflation

[@GeorgeZoto]

Excellent strategy, a leading example from Switzerland. Looking forward to visiting this summer.

[@alinayushanhuang7463]

Thanks for the great video! I learned a lot

[@MrDaniiYY]

Healthcare premiums have soared, bills for electricity are higher, food prices are up too, affordable housing is becoming rare. Yes, inflation might be low, but mostly in areas where people don’t care. If you focus on essential things it feels like 10-20%.

[@paxundpeace9970]

They are not included in Swiss inflation numbers.

[@idkimlikereallybored9533]

i only buy swiss milk, meat and cheese in switzerland, so its okay

[@caesarsalad1170]

@@paxundpeace9970 Of course not, its a great way to make people think things aren't as bad as they are.

[@DeborahSchneider-ng7dv]

Thank you, yes ... I felt as though I was going mad watching this. It is absolutely unreflective of the reality of the typical Swiss citizen.

[@lps_nine]

I assume if this video was from the perspective of the working class of Switzerland it be quite different.

[@michaelredfearn9125]

Spot on re re-nationalization of the energy 👌

[@ericcurtin4467]

Toblerone is not swiss chocolate anymore, it is produced in Slovakia by Mondelez, it will lose its matterhorn on the packaging as well as it has lost the swiss made label

[@thisiskkk]

laughs in Credit Suisse

[@DanteLovesPizza]

Switzerland laughs in money. Credit Suisse failing didn't amount to much and was never going to. You think billionaires were pulling their money out of a safe haven and moving it back to their home country to get taxed. A bank run was never going to happen, because the rich knew they didn't need to run and if they don't run, they would get bailed out, and that's why the economy wasn't hit as hard as people thought it would. Lo and behold, UBS bailed them out and all the billionaires' monies were safe. Billionaires have their wealth stored in multiple safe havens to distribute the risk, they were never moving it to put it all in one basket. The Swiss government would also never let it fall, because they need to retain their reputation for banking to keep the rich flowing money into their bank. I don't understand why people struggle to understand this when it's so simple that even I understood this right at the start.

[@masoodrazaq]

The way the moderator broke off pieces of that Toblerone bar was decidedly unSwiss. Swiss press down on the bar with their thumb, breaking off each piece inward. Avoids melted chocolate on your hands.

[@its1994x]

Sad thing is that toblerone wont be swiss anymore

[@champstation143]

To be honest we also feel inflation, but the relative impact might be less. Especially gas prices are up like 30% compared to 1-2 years ago

[@Tytyrytkataaa]

Those dont matter. Important thing is you have 3.5% inflation

[@analyticalhabitrails9857]

Oil companies contfol the oils. They control the gas prices at will. They're here for the long game and slowly cooking America, like a frog in the hot boiling water.

[@Tytyrytkataaa]

@@analyticalhabitrails9857 you poor things

[@shafir2]

@@Tytyrytkataaa even Sweden inflation is 10% but costs of food are up more than 60%.

[@seanstewart285]

This video didn’t age well. RIP Credit Suisse.

[@randomstuff517]

Came to see the updates

[@PhilMoskowitz]

You can discount energy as a factor in the U.S. inflation model. We've had cheap gas with the exception of the summer of 2021, coming out of our self imposed covid shutdown. It's really Switzerland's gold back currency that limits them from the inflationary practices performed here in US and other countries.

[@jerryware1970]

Government/Debt to GDP is relatively very low. Switzerland experienced supply chain logjams like the rest of the world which caused rising prices, but they didn’t debase their currency through credit expansion.

[@fritzschnitzmueller3768]

What has debt to do with that?

[@huytranvan2754]

It's not difficult to deal with rising prices when everything in your country is already expensive. Am I right?

[@mindblown5560]

Bruh we have major salarys over here for us its not expensive😂

[@L3th4LQu4rK]

May I ask what you do in Switzerland? And what is your pay?

[@mindblown5560]

@@L3th4LQu4rK im 24 and i get 6500 chf that means around 7000 usd a month and i didnt even go to a university but thats my next step and yeah everyone in switzerland gets a 13. Motnth salary so 90 k a year as a 24 year old and we have much lower taxes tha USA and we dont pay taxes on stock gains switzerland is the best land if you want to make money thats for sure

[@artemjetman]

@@mindblown5560 what job are you in if I may ask?

[@mindblown5560]

@@artemjetman supply chain managment

[@pavel1269]

Cannot help it but this aged like a milk with events regarding CS.

[@chrisjiang9074]

The timing with credit suisse lol

[@yurimary1833]

Because Switzerland was already inflated for a very long time.

[@christheswiss390]

Nope. The Swiss Franc has appreciated from 4 Francs to a USD in 1971 to 0.95 to a USD today. THAT's what a strong currency looks like. From this vantage point, its the greenback that is highly inflated. Just a thought... 😊🤓

[@sjorsbeans]

in swiss the prices are already double compared to the netherlands, and sometimes triple compaired to other surrounding countries.

[@johnnybanana8004]

so what? the monthly salary is also double to triple

[@fabianbuschor8826]

you need to know where to buy...

[@davidepatti4835]

Take advice from someone who can't spell the name of the country... This information is wrong. Salary might be double or triple but I can guarantee prices (apartment, fuel, electricity, food) are far from being double, maybe +10-50% tops.

[@sjorsbeans]

@@19scamps92 please read, I’m saying that the prices in general already were a lot higher BEFORE inflation. Not recent price hikes

[@exeuropean]

I lived and worked 2 years in Switzerland. I worked there because you make more money. That is because the taxes are lower. Unlike the Netherlands. The Dutch tax rates are insane. They even have a wealth tax. Meaning if you have 100k in the bank you pay a fixed tax rate on it. Even if the money is your retirement savings. Insane. Great country for poor people and refugees.

[@electrikoptik]

Outsiders love to say that Switzerland is expensive. It might be expensive to you as an outsider/visiter but not for the Swiss. Minimum wage is Switzerland is set at CHF 24. - per hour or 25,64 USD per hour. The federal minimum wage in the US is $7.25 per hour. The current highest minimum wage in the US is found in Washington state at $15.74 per hour.

[@ankurupadhyaya2614]

Dude I worked as a part-time tutor in Geneva for 1.5 years. I was earning CHF 50 per hour. I miss that place. It's the best country in the world and also the least unequal.

[@Kletterhaus]

There's no minimum wage in Switzerland.

[@fatalinsomn1a182]

Awesome content.

[@vampadonut]

It is very well said and explained. I'm certain that other countries are aware of all this however, most of them made decisions based on their greed and selfishness. All this things are coming with the way a person is raised, educated, moral principles, integrity, values, beliefs.

[@adityashaw5069]

Out of all the expensive things in Switzerland, time is the most expensive.

[@xavier3098]

My mind is blown.

[@MarcusAurelius7777]

Also Bugattis

[@philippimboden4848]

The following points must be ensured by the state for a country to prosper: Internal and external security Water supply/sanitation Access to medical care Electricity and gas supply Access to education Waste disposal Public transport, especially railroads Independent judicial system Economic national supply Creation of legal and economic conditions for entrepreneurs.

[@gabrieldsouza6541]

Switzerland does not use gas to generate electricity

[@Spido68_the_spectator]

Common sense!

[@vivianecardoso0]

Silicon Valley Bank (SVB) was the 16th largest bank in the US, and it wasn't subject to the most strict controls. How many banks actually are subject to those controls, besides the big four? Any bank could suffer a run and fail, and if that happens to a community level or even state level bank it probably won't upset the national economy or ecosystem of banks, but any multi-state bank should be more closely watched

[@Isaacmeide]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival

[@Emmacurtis]

@@Isaacmeide These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones

[@ardeand]

@@Emmacurtis wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio, I am so done with banks!

[@Emmacurtis]

credits to ISABEL LINDA DUERI, one of the best portfolio manager;s out there. she;s well known, you should look her up

[@andreasleonard0]

@@Emmacurtis I've heard of ISABEL LINDA DUERI , was referred to her not too long ago and I'm happy to say her teaching and process is transparent enough.

[@kyungshim6483]

I spent a week in Lugano, Switzerland several years ago. Lovely place. Would like to revisit someday and visit other cities there as well.

[@idkimlikereallybored9533]

we are the poorest of switzerland in lugano, in ticino we gain 20%less but pay everything at swiss prices

[@davidschott4576]

Come too bern

[@roespeloes]

Happy to welcome you again 🤗

[@eric11]

​@@idkimlikereallybored9533 ahahah grande

[@sd-197]

@@idkimlikereallybored9533why dont you just buy things in italy? Its like 5km away

[@emmanuelharbor2350]

Seems Switzerland is a gem

[@christheswiss390]

It doesn't just SEEM that way... 😊😊

[@ddcdd-dn5we]

my take as a Swiss citizen: You where mostly correct about everything exept how the chocolate was taken apart. I leave it at that.

[@datingandlifeadvicechannel7534]

😂😂😂

[@tumpizm4719]

Very insightful

[@saikoudibba7450]

I don't know what you mean by Inflation.. but we feel inflation here too! It's not very high compared to other advanced nations, but high compared to pre COVID prices.

[@sts8657]

Nice video! The only problem is that the Toblerone chocolate bar that the presenter is holding as a sign for Swiss products and economy is no longer 100% Swiss product since 2022 since it moved its factories to Slovakia!

[@Cybercenturycentaur]

Soon, yes.

[@koesahabat1161]

1:27-1:32 Promenade in Gstaad. You will be ‘AMAZED’ how pricey is in this resort town.

[@b.a.b7834]

This didn't age well.

[@joelsteiner4012]

Aged like fine milk

[@Eli-cq8jq]

I understand Mr. Straumann.

[@valk_7233]

Well with the dubious state of Credit Suisse, i don't think this aged well.

[@raylopez99]

The main reason Swiss inflation is low is that they have a strong currency. As for price controls, they generally suck, as long term they decrease supply. I notice milk is price controlled in CH but there's an oversupply of milk so that's not a big deal. Further of interest in this video is that they appear to be using PPP for GDP per capita figures, which gives an inflated number (notice RU is about $30k per capita GDP, which is too high outside of Moscow).

[@raylopez99]

Strong currency as in backed by gold, assets like stocks. That's how you get a strong currency, other than being popular like the US dollar due to the superior productivity of the USA.

[@eustachedelamoustache]

​@@raylopez99Swiss Francs is not backed by gold. What make it strong ? Political Stabilty mostly: no government shanenigans, no huge strikes (like in France). Everything runs smoothly. When other currencies start getting weak, people buy swiss francs as a sanctuary currency

[@raylopez99]

@@eustachedelamoustache CH francs are backed by gold, even Apple stock, Google this.

[@eustachedelamoustache]

@@raylopez99 Swiss francs are not backed by gold since 2000, where do you get that information?

[@darwinmetropolis8768]

@@eustachedelamoustache The Swiss National Bank holds about 5 percent of its currency reserves in gold. At the end of 2021, this gold was worth 56 billion Swiss francs. Ninety-five percent of the currency reserves consist of foreign currency investments. These were worth around one trillion Swiss francs at the end of 2021. Source: Annual Report of the Swiss National Bank 2021.

[@jeanclaudejunior]

I'm proud of my home country!🇨🇭🤗

[@NGC-catseye]

I’m proud that your country makes such great chocolate 🍫 Thanks 😺

[@Kevin-fq3zh]

i spent some years in geneva 🇨🇭… lived in the petit saconnex precinct there. plenty of fond memories exploring switzerland. absolutely loved it!! 👍🏻

[@paxundpeace9970]

Thanks to hydropower

[@jasonhaven7170]

Yeah, but it sucks it's almost impossible to be a citizen and there's growing anti-immigration sentiment. That is their choice but it makes it hard for others to contribute and share in the rewards. Oh well, perhaps we can do similar things outside Switzerland.

[@Panzerino02]

@@jasonhaven7170 Nothing wrong about the "growing anti-immigration sentiment." IMHO.

[@whatthe6532]

That was intense.

[@sternreport]

She broke the Toblerone the wrong way, that's her first mistake towards inflation!