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@reddixiecrat
Жыл бұрын
When is that Argentina video supposed to come out?
@warrendonpaul4549
Жыл бұрын
Pàaa
@Bruh-xj7zb
Жыл бұрын
no 🤯
@pioneer_1148
Жыл бұрын
Honestly one of the funniest promo's I've ever heard
@tomkent4656
Жыл бұрын
I think we aleady knew that!
@PolariusKarnun
Жыл бұрын
"Unemployment is barely above 1%" Imagine the whole country knowing which 400 people don't have jobs lol
@FictionHubZA
Жыл бұрын
Lol
@RobespierreThePoof
Жыл бұрын
Oh my. That never occurred to me. It's a fairly disturbing thought. I wonder if that 1% might actually represent the disabled population in Liechtenstein
@Bolognabeef
Жыл бұрын
@@RobespierreThePoof no because disabled people aren't part of the total working force so they're out of the equation...
@GWOAT
Жыл бұрын
The rest supply the others with sniff 🤧
@kopazwashere
Жыл бұрын
most likely young adults trying to find jobs but don't have enough CV lines for manufacturing positions, which seems to be a lot of in said country?
@waynesworldofsci-tech
Жыл бұрын
When your country is the size of Liechtenstein even the corner shop needs to think internationally. Liechtenstein is a fascinating place. Thanks for covering it.
@stupididioticspoiledbrat2419
Жыл бұрын
LIECHTENSTEIN is just a lazy rip off of Switzerland.
@islamisthetruewaytogod6812
5 ай бұрын
May Allah protect and guide you to his light and happiness in this life and the hereafter, God bless, Ameen. Excuse me for giving a little presentation of Islam, because it is very misunderstood nowadays, especially on those « Antichrist's » times, where media and politics are mixed to distort history and truth. And terrorists (puppets of the Antichrist) who misinterpret verses, out of ignorance and political motivations, and take them out of historical context (just like radical atheists do by the way) don't help either. Thank you very much for your time. First of all, if you have any questions regarding Islam and yourself, just open the Quran randomly, and you will find the answer in front of you, like a miracle and a sign from God. Islam is an arabic word that means the Surrender to the One and Only God, our Creator, Protector, Provider, who gives us life and all that we have, we are safe and sound by his will and grace, we are His and to Him we return, and we have to thank him in this trial life by submitting to him by our free will, or later in the Day of judgment when it's too late to save our own skin. Islam was the original Religion descended to earth from heaven with Adam and Eve (peace and blessing be upon them) in the beginning of humanity. and was passed to people with the succession of the 124 000 prophets and 315 messengers of God to all nations and civilizations since, passing by Noah, Abraham, Isaac, Jacob, Ismaël, Joseph, Moses, Aaron, Joshua, David, Solomon and Jesus (Peace and blessing be upon them) during the history of mankind, the last replaces and completes the previous, until the succession of the last messenger of God fourteen centuries ago, Muhammad (Peace and blessing be upon him) to complete the noble morals of all mankind, to bring humans and jinns out of darkness into light, and to purify people's religion and belief from corruption and polytheism, and return it to purity and true monotheism, like it was in the times of the prophets (Peace and blessing be upon them). Many Religions that we know nowadays, at their beginning were true and under Islam, initiated by one of the prophets of God, but their original teachings, history and scriptures have been corrupted over time with falsification and polytheism, or lost and replaced with false ones. That's why Islam is the only Religion accepted by God nowadays, which consists in bearing witness that there is no god besides Allah (God in Aramaic, the original language of Jesus and the Gospel), and that Muhammad is His servant and messenger, just like Jesus and Moses and others are His servants and messengers. Never a messenger of God said he was God or literally son of God, it was the people after him who changed the words of God and corrupted the Religion. God is unique and absolute, He does not need to have a family and sons or to associate anyone else with His kingdom, He can simply create whatever He wants, everything belongs to Him, and to Him everything will return. Allah said in Surah Al-Mu’minun : “God has never begotten a son, nor is there any god besides Him. Otherwise, each god would have taken away what it has created, and some of them would have gained supremacy over others. Glory be to God, far beyond what they describe. The Knower of the hidden and the manifest. He is exalted, far above what they associate. (91-92 / Translated by ITANI). Allah means the one and only God, the God of all prophets and creatures, the creator of the universe and mankind, and the Master of the Day of judgment, where our destiny, Hell or Paradise, is decided based on our faith and deeds in this trial life, and above all, Allah's mercy. Allah said in Surah Al-Ikhlas : In the name of God, the Gracious, the Merciful. Say, “He is God, the One. God, the Absolute. He begets not, nor was He begotten. And there is none comparable to Him.” (1-4 / Translated by ITANI). Allah said in Surah An-Nisa : O FOLLOWERS of the Gospel! Do not overstep the bounds [of truth] in your religious beliefs, and do not say of God anything but the truth. The Christ Jesus, son of Mary, was but God's Apostle - [the fulfilment of] His promise which He had conveyed unto Mary - and a soul created by Him. Believe, then, in God and His apostles, and do not say, "[God is] a trinity". Desist [from this assertion] for your own good. God is but One God; utterly remote is He, in His glory, from having a son: unto Him belongs all that is in the heavens and all that is on earth; and none is as worthy of trust as God. Never did the Christ feel too proud to be God's servant, nor do the angels who are near unto Him. And those who feel too proud to serve Him and glory in their arrogance [should know that on Judgment Day] He will gather them all unto Himself: (171-172 / Translated by Muhammad Asad). Allah the Most Merciful said in Surah Ali-Imran : Behold, the only [true] religion in the sight of God is [man's] self-surrender unto Him; and those who were vouchsafed revelation aforetime took, out of mutual jealousy, to divergent views [on this point] only after knowledge [thereof] had come unto them. But as for him who denies the truth of God's messages - behold, God is swift in reckoning! Thus, [O Prophet,] if they argue with thee, say, "I have surrendered my whole being unto God, and [so have] all who follow me!" - and ask those who have been vouchsafed revelation aforetime, as well as all unlettered people, "Have you [too] surrendered yourselves unto Him?" And if they surrender themselves unto Him, they are on the right path; but if they turn away - behold, thy duty is no more than to deliver the message: for God sees all that is in [the hearts of] His creatures. Verily, as for those who deny the truth of God's messages, and slay the prophets against all right, and slay people who enjoin equity - announce unto them a grievous chastisement. It is they whose works shall come to nought both in this world and in the life to come; and they shall have none to succour them. (19-22 / Translated by Muhammad Asad).. God said : Say, “We believe in Allah, and in what was revealed to us, and in what was revealed to Abraham, and Ishmael, and Isaac, and Jacob, and the Patriarchs, and in what was given to Moses and Jesus, and in what was given to the prophets from their Lord. We do not differentiate between any of them. And to Him, we surrender.” (2:136 / Translated by Community) Salam (Peace) -------------------
@bollweevil8112
Ай бұрын
Not a real country
@brucet.3239
Жыл бұрын
It's mind-boggling that Brooklyn, NY and Liechtenstein are roughly the same size by land area, yet while Liechtenstein has a population of around 38,000, Brooklyn has over 2.7 million!
@r0N1n_SD
Жыл бұрын
Thanos was right 😂
@cococalypso6549
Жыл бұрын
im from a island called Guernsey in the English Channel which is nearly 3 times as small but we have a population of 65 thousand.
@jmgonzaga101
Жыл бұрын
Is Guernsey part of England ? I’m always asking this question and I’m facinated on the island
@maybe-arch
Жыл бұрын
@@jmgonzaga101 yes part of uk
@reddwarfer999
Жыл бұрын
@@maybe-arch Guernsey isn't part of the UK, it is a Crown Dependency.
@PonchoANS7
Жыл бұрын
Tax haven. There. Saved you 17 minutes.
@tauceti8060
Жыл бұрын
Hate it when rich people hide from paying their fair share of taxes😡
@robg4074
Жыл бұрын
@@tauceti8060 I dont think being rich is a requirement to have your banking done in Lichtenstein. Im pretty sure you could open up a bank there yourself. Quit yer yappin
@dariuschambliss1221
Жыл бұрын
Thanks for the time save.
@HeavyMetalorRockfan9
Жыл бұрын
literally, if any country is wealthy, but particularly if it is small, you have 2 guesses to cover literally all of them 1) Tax haven 2) Oil economy
@enzonavarro8550
Жыл бұрын
@@HeavyMetalorRockfan9 they are basically the only ways a country can become rich, what is not always possible with oil. Tiny countries just have to take the "tax-heaven" very seriously to survive, and also Liechtenstein makes much of the dental equipments of the hole world, as he said in the video, so Liechtenstein is not just a "tax heaven"
@andrewwilliams6008
Жыл бұрын
Visited Liechtenstein this summer really just to say I’d been there, but it really is beautiful. Vaduz is a small and quiet town surrounded by beautiful mountains and rolling green hills. Walking across the bridge into Switzerland after leaving was magical.
@fabadabean
Жыл бұрын
I did the exact same thing! Also went up into the hills above Vaduz - gorgeous landscapes there too
@andrewwilliams6008
Жыл бұрын
@@fabadabean I wish I’d gone up to the castle but I just had brunch at a Vaduz cafe and went up into Appenzell Switzerland
@ondebonde
Жыл бұрын
Was it expensive?
@peredavi
Жыл бұрын
@@ondebonde No!🙄
@brucebaum1458
Жыл бұрын
How could it not be expensive, like how much for a 3/4 star hotel, average lunch or dinner?
@StopItRyan
Жыл бұрын
I had the privilege of meeting Hereditary Prince Alois when I was a kid in the 90s. His family was invested in a business my mother worked at and she was the VPs secretary, I had gone to work with mom that day because it was my birthday and I had the day off school for some reason (teacher training or something). Anyway, he is a very nice person, like not just passing courtesy but he went out of his way to tell me happy birthday and asked about my plans. For a 6 or 7 year old kid, yeah 10/10 experience. I think I told him he sounded like Arnold Schwarzenegger now that I think about it...
@RobespierreThePoof
Жыл бұрын
Fun story. The European royals who still exist really specialize in positive interactions with the public. They see it as one of their primary roles and many know that if they fall at this, it could mean the end of their monarchy. It's probably also easier to be courteous if you have no financial worries in life and raised to recognize that your privilege comes with responsibilities - something the nouveau riche often lack.
@florianmaier104
Жыл бұрын
@@RobespierreThePoof the lord of Lichtenstein is (apart from the Pope, if seen as monarch) the only European noble that still holds and uses effective powers in the country.
@Someone-cd7yi
Жыл бұрын
@@florianmaier104 Monaco?
@suryahadiwinatas2932
Жыл бұрын
@@florianmaier104 Principality of Monaco and Grand Duke of Luxembourg
@user-iu2um8fd8n
11 ай бұрын
There are regular parties in Liechtenstein where you can chat with the princely family. Without prior registration, and also as a foreigner/tourist. That is quite normal there.
@jeremiahreilly9739
Жыл бұрын
Note: GDP per capita is inflated if workers are not resident in Liechtenstein, because per capita GDP is calculated by dividing GDP by the population. Still a very rich country.
@arthas640
Жыл бұрын
Yeah these sorts of clickbait videos always kind of bug me since they're extremely misleading and because they make people think it's a gameplan other countries could follow. Lichtenstein is mainly wealthy for being a tax haven right next door to Switzerland, France, and Germany and despite "technically" having a GDP per capita of $180k the real average wage in the country is closer to $70k. Still high but it's lower than some US states. Lichtenstein is wealthier than most tax havens but that's a common problem with many of them.
@cek0792
Жыл бұрын
@@arthas640 France and Germany doesn't have a GDP per Capita over $100k. Also it's not clickbait, it is true that if you measure the country with GDP per Capita then it'll be one of the richest in the world. If you want to account for the status of citizenship of the people working in Liechtenstein, use the metric called GNP (Gross National Product) then per capita it is or was actually the richest in the world according to 1998 World Bank data.
@hassangingi7033
Жыл бұрын
Ireland surprised me, once ravaged by the worst famine that drove 80 percent of its population to migrate ,a country that was one of the poorest in Europe to 4th richest
@alexyuu952
Жыл бұрын
any country with small population and is somewhat ok in terms of corruption can just got for that low corporate tax. Especially efficient when bordering strong economies directly. just tax heaven "magic".
@user-ug8wx5er1w
Жыл бұрын
Another tax haven. Immigration will take Ireland now…
@christopherellis2663
Жыл бұрын
180 years later
@musicwelikemang
11 ай бұрын
Tax havens are a cheat code. Its a race to the bottom for small nations.
@overlordbrandon
11 ай бұрын
Are yoy sure about that? GDP is rising but have you seen what actually is in there?
@Metal0sopher
Жыл бұрын
So just like Dubai, Singapore, and Hong Kong. A small city state taking advantage of it's location between much larger economic juggernauts.
@matsdunkler746
7 ай бұрын
Dubai is actually an emirate and city in the United Arab Emirates
@icreatedanaccountforthis1852
11 ай бұрын
Main reasons: - tax haven - highly specialized manufacturing - tax haven - well run government - tax haven Would be interesting to see how well they do if they got rid of being a tax dodge.
@robertmcnamara5407
11 ай бұрын
Interesting choice of words. Tax dodge. If creative accounting is done legally on an international level it is not a tax dodge, it's good business provided the company does not receive Liechtenstein sourced income. Then they're taxed. Works well.
@nathanlevesque7812
11 ай бұрын
"creative accounting" is code for bullshit. "legally on an international level" is a nebulous notion. "good business" for who? @@robertmcnamara5407
@dimmacommunication
11 ай бұрын
Well... it's not that country to have low taxes are the others to have stupidly high ones just to fuel wars and suffering, corruption etc...
@radidov5333
11 ай бұрын
basically a tiny Switzerland
@dimmacommunication
11 ай бұрын
@@radidov5333 It could be Switzerland's swiss , matter of fact swiss people are forbidden to use some financial stuff of Leichtenstein
@jenshoefer7944
4 ай бұрын
Technically, liechtenstein is more a mountain ridge than valley, it is also not isolated being directly located at a swiss motorway which also has plenty exits to cross directly to austria where another highway runs
@signefurax933
4 ай бұрын
In addition, the bribes and cash circulating are enormous in Monaco and this is not officially recorded. I left Paris to work as a waiter and I received enormous sums in tips thanks to billionaires that I would never have met in Liechtenstein...Monaco is immensely rich officially and unofficially even more so!
@TheLegenDacster
Жыл бұрын
1/ Stay out of wars, except for sales revenue. 2/ Maintain a small population 3/ Accept managing as much money from anywhere and anyone (no questions asked) as you can.
@wllywaliy
Жыл бұрын
The company Hilti is located in Liechtenstein. It's so crazy that a multi-billion dollar global company like that could come out of such a tiny country!
@harryjohnston2870
Жыл бұрын
TAX.
@wllywaliy
Жыл бұрын
@@harryjohnston2870 It was founded in and grew out of Liechtenstein! Not some billion dollar company that moved there for tax purposes (although I'm sure they probably get some special treatment in that department)
@alastorgdl
Жыл бұрын
@@wllywaliy said "It was founded in and grew out of Liechtenstein" MOST companies are founded and grow in tax paradises from the beginning
@ricgunn1439
Жыл бұрын
Hilti great tools😊
@maxsonthonax1020
Жыл бұрын
So much gullibility. I guess that's how this guy is able to make his money too from padded-out You-Tube videos.
@josephturner7569
Жыл бұрын
The only country in history to send its army to war and returned +1. With no casualties.
@EkoFranko
Жыл бұрын
This is a myth
@alonglostmemory1908
Жыл бұрын
@@EkoFranko Religion is also
@alonglostmemory1908
Жыл бұрын
@@EkoFranko That's the beauty about myths
@feliciaf8
Жыл бұрын
@@alonglostmemory1908 not related to the statement at all
@cisium1184
Жыл бұрын
Wanted to see Liechtenstein for awhile now. When I was on Facebook I followed a skier from Liechtenstein who posted a lot of photos of her country. I'll get there someday.
@ken-gl8kf
Жыл бұрын
Can u share her name?
@Kraut_the_Parrot
Жыл бұрын
marvelous as always :)
@CasualScholar
Жыл бұрын
Thank you so much Kraut :)
@skyfeelan
Жыл бұрын
even thought World of Tanks ad on a video like this feels goofy, it is still much better than Masterworks or Established Titles
@maxsonthonax1020
Жыл бұрын
Yet it is the whole point of making the video: to be a revenue stream.
@lima4-2angel
2 ай бұрын
I am currently under two hours from Liechtenstein, and this is my first time visiting it. So many awesome, unique things - including the princess, Angela, being from my country of heritage, Panama! 🇵🇦 🇱🇮
@jackuzi8252
11 ай бұрын
One other factor that's not mentioned is simply that Liechtenstein did not border any state of the Holy Roman Empire other than Austria. The HRE was dissolved in 1806; after Napoleon was defeated in 1815, Prussia slowly began to emerge as an economic and military power, resulting in the founding of the German Empire in 1876 and effective annexation of the other German states. But Liechtenstein was and is separated from the nearest point of Bavaria by about 20 miles as the crow flies. THIS is the geographical oddity explaining why the country still exists.
@CHMichael
Жыл бұрын
1:00 notice! They had a Leonard DaVinci painting to sell. Who else can say that? The "super rich" investing in its people actually works better than taking their money.
@maxsonthonax1020
Жыл бұрын
"Its people."
@timo4223
Жыл бұрын
i studied in Liechtenstein, can tell you one thing. Its one of the most boring places i've ever been to.
@angelavonhalle5144
18 күн бұрын
Living in nearby Switzerland, I once went there to visit their wonderful museum. The prince owns an incredible art collection. Heard about Liechtenstein's quality university too.
@richardtheweaver4891
Жыл бұрын
"Free market" is a heck of a description for a tax dodge. They provided a way for companies to legally lie about their location in order to avoid paying their fair share of taxes. Liechtenstein was taking what amounts to a commission for facilitating immoral activity.
@smparreira
Жыл бұрын
Kenneth Selin 2 days ago SMART corruption-free POLITICS makes for A PROPEROUS NATION. Undoubtedly. :D Ken, Toronto, Canada
@gd8407
Жыл бұрын
What a STUPID description. Do you really know what you are talking about?
@sasi5841
Жыл бұрын
Lmao dodging taxes isn't immoral, and paying taxes isnt moral. They are amoral things. Also, objectively speaking, there is no such thing as "fair share of taxes".
@webstercat
Жыл бұрын
Taxes are immoral
@12vscience
Жыл бұрын
Maybe those companies were tired of people putting their hands in the companies' pants and grabbing the wallet. The governments should try to ease the tax burdens on everyone and keep taxes low. And the citizens should try to pay for goods and services individually instead of making everyone else. That is if we want to keep things fair.
@asgautbakke8687
Жыл бұрын
Until a bad bank scandal in a Swiss bank in the early 1970's, Liechtenstein was known in Switzerland as "the Swiss bank of the Swisses themselves".
@krinkovakwarfare
Жыл бұрын
Basically Tiny factory for sophisticated equipments Accounting department for multinationals Tax Haven similar to Switzerland
@tabeagyger9581
Жыл бұрын
Fun fact: Lichtenstein doesn‘t have an army but sends their recruits to the swiss military for training. 😄 just don‘t ever get in a fight with big sister Helvetia 🇨🇭
@gnotagnome24
9 ай бұрын
Liechstenstein: The Delaware of the Alps!
@funny-video-YouTube-channel
11 ай бұрын
In short : Lichtenschtein offers financial products and services in US and the EU. That was not mentioned in the video as much as it should have !
@harrysutton8998
Жыл бұрын
Watched this video as a while back I had the bizarre experience of playing for the Prince of Lichtenstein’s stag do. One reason they may be so rich is it took us months to get paid by the best man, who naturally was a vintage Ferrari dealer….
@TheAmos1
Жыл бұрын
a type of Delaware corporate address but not as shady as a cayman island address
@nashwagemakers
Жыл бұрын
Funfact: Liechtenstein is home to one of the biggest Rollercoaster Manufactorers in the world. Edit: forgot to add the name. It's Intamin, known for rides at Universal Studios, Phantasialand, Efteling, Six Flags and more
@seanbryan1739
Жыл бұрын
Without saying the name, it’s not fun at all. Boring
@ChristianHeinemann
Жыл бұрын
@@seanbryan1739 en.wikipedia.org/wiki/Intamin
@MattCooperKay
Жыл бұрын
Huh, I had no idea Intamin were based there.
@nashwagemakers
Жыл бұрын
@@seanbryan1739 Forgot! Intamin :)
@nashwagemakers
Жыл бұрын
@@MattCooperKay yea quite insane but also cool
@thelonewanderer2550
Жыл бұрын
Damn I was hoping for a video about Luxembourg, but this is great too...
@DaxterAs
4 ай бұрын
I went deep into some of these large ski areas and maybe it was my own findings but visually, places like Andorra and Zermatt seem more developed in their tourist infrastructure. If anyone knows which mountains and accommodations are the best in Liechtenstein, feel free to share.
@HouseJawn
11 ай бұрын
Good video, positive topic, no drama, no hyperbolic title. Good quality positive information, love it, good work 😊👍
@99somerville
Ай бұрын
Same can be said about Switzerland. Took bank deposits and stored gold for both sides and didn’t have to give half of it back. They won no matter what.
@kevindarroch7332
Жыл бұрын
Lichenstein, it is a truly beautiful country. Smart, thinking people.
@AboveBoardBeyondControl
Жыл бұрын
Once again, Casual Scholar delivers another fantastic video! Very informative and entertaining!
@hevnervals
Жыл бұрын
It's not a great analysis, and it's full of baseless assumptions.
@ROXANNE708
Жыл бұрын
@@hevnervals 👎
@ROXANNE708
Жыл бұрын
@Footnote Society AGREED!
@maxsonthonax1020
Жыл бұрын
I think if you listen closely it is neither of those things. It's merely a vehicle for a revenue stream.
@ROXANNE708
Жыл бұрын
@@maxsonthonax1020 I beg to differ. The videos are well researched, educational and extremely well produced. If it were just a revenue stream he would be slapping them together and pumping them out every week. 🙄
@bigozimak
Жыл бұрын
It's very odd how three of the smallest countries in Europe are also the wealthiest. So, how does one become a Liechtensteinian!
@frisco1968
Жыл бұрын
Liechtenstein is known for its XX thousands of „letterbox companies“ = tax haven
@sandrineroesch8706
Жыл бұрын
It’s very hard to get in and reside. As a company,it’s easier. And citizenship is extremely hard to obtain
@jeortiz-luis4288
Жыл бұрын
I hope they are very selective with 'immigrants', the wrong kind destroys nations like the US, UK and france
@ricgunn1439
Жыл бұрын
Be a ski champion
@maxsonthonax1020
Жыл бұрын
It's not odd, it is logical. Were you not paying attention? TAX HAVEN.
@HouseJawn
11 ай бұрын
Congratulations to this channel for NOT making an obnoxious clickbait title with words in all CAPS 😱
@ROXANNE708
Жыл бұрын
Thank you for another fantastic video. 👍
@rustix3
4 ай бұрын
1:07 Just a quick googling gave me 10 countries without a public debt.
@gtbkts
Жыл бұрын
Thanks for the awesome content and great video!!!
@user-iu2um8fd8n
11 ай бұрын
That Russia wanted to sell Alaska to the country of Liechtenstein is complete nonsense. Russia wanted to sell it to the Liechtenstein family, which is one of the oldest and most influential families from Austria - and one of the richest in Europe. The country is named after the family after they bought it. But at that time the family lived entirely in Austria and the land of Liechtenstein was completely insignificant and a poor peasant country.
@paulhouston4500
Жыл бұрын
wonderful country.. as i watched the whole video, i got to understand that it has a lot of factors, ill try to enumerate some: 1) Less corrupt citizens 2) Less population is more manageable 3) Very discipline and articulate contributing in innovation sector 4) tax haven 5) The system of governance is so good that neighboring countries commutes daily just to do businesses and even work under their system 6) non toxic competetive citizens 7) trustworthy high value citizens and more... meanwhile in my country, politicians and authorities are busy devouring the people thru corruption... corrupted heart is way more difficult to deal with and will result to different kind and deeper level of corruption, not just the shallow thing about money
@sasi5841
Жыл бұрын
This The success or failure of almost any political system hinges on points 1, 6 and 7
@feliciaf8
Жыл бұрын
this@@sasi5841
@cuervoblanco71
11 ай бұрын
true
@ahfez
11 ай бұрын
The genius leader who started the foundation of it all is the key to this massive success.
@dorktriogamer2865
Жыл бұрын
This kinda shows to me that no matter a countries unfortunate situation it can still work well
@valtontony826
Жыл бұрын
except if they're in an ongoing war
@EUenjoyer
Жыл бұрын
Untill their tax Is zero and they leech on other countries, yes they can still work very well
@Soff1859
Жыл бұрын
Its actually more the opposite. If a country has a "fortunate" situation, like natural resources, that often causes more problems than it solves. Its called the resource curse. Discovering natural resources is pretty much only good for the population of a country as a whole, if the country is already an advanced economy and democracy. Such as Norway and Scotland. If a poor country discovers oil/gas/diamonds/gold it almost always ends in disaster.
@shauncameron8390
Жыл бұрын
@@Soff1859 Scotland is not rich.
@sasi5841
Жыл бұрын
@@Soff1859 democracy part isn't necessary, but transparency and lack of/reduced corruption is necessary. Other than that you're correct. Democracy is just another political system and not something special. How well any political system operate depends on the people that are part of it.
@bendimi3992
Жыл бұрын
Gorgeous country with gorgeous people 👍❤️ GREETINGS FROM SERBIA 🇷🇸❤️❤️❤️❤️❤️
@bingo737
Жыл бұрын
Normal people, like everywhere else.
@jordijimenez2634
Жыл бұрын
That’s 99.9% of the world
@elismart13
Жыл бұрын
Great Video, watched in college during a Break 😎😄
@elismart13
Жыл бұрын
replies wont load, so im replying to myself lol (nope I still cannot see the other reply)
@dwight7651
Жыл бұрын
Good research and presentation thank you
@brucewilson1958
Жыл бұрын
Thank you. I learned a lot. Now, I would like to visit there. Quite beautiful. Bravo.
@asierescobal1248
Жыл бұрын
Dont' stop Liechtensteining! As a live motto
@funfnummer4468
Жыл бұрын
Liechtenstein's royal family is the best example for other royals. They should love their state not their title.
@apveening
Жыл бұрын
@@hoppingrabbit9849 While outdated, there are some advantages. As for good examples, see most European monarchies, the Japanese emperor and the late Thai king Bhumibol Adulyadej.
@hello-friend990
Жыл бұрын
@@hoppingrabbit9849 I'm living in a regal system. The bureaucracy means things get done quicker without red tape
@sasi5841
Жыл бұрын
@@apveening there is no such thing as an outdated political system.
@apveening
Жыл бұрын
@@sasi5841 You just failed English 101.
@sasi5841
Жыл бұрын
@@apveening elaborate further
@franko8572
Жыл бұрын
America licking they chops like “hmm.. what’s our angle, how we getting that oil”?
@buglerplayz7497
Жыл бұрын
Well when it went to war they gained a soilder
@natansecret8580
Жыл бұрын
Its not true its a myth
@nikhileditz-25
Жыл бұрын
@@natansecret8580 oh sad
@alonglostmemory1908
Жыл бұрын
@@natansecret8580 Same as religion?
@stananderson4524
5 ай бұрын
"Have we passed through Liechtenstien yet?""Did you blink?'. Than you miised it.
@ScepticalSkeptic
Жыл бұрын
The Republic of Ireland soccer team once held Liechtenstein scoreless. #Memories.
@dontcomply3976
Жыл бұрын
Pick on a country your own size
@ilovesuisse1
Жыл бұрын
Liechtenstein uses our currency, the Swiss Franc.
@goodberg1
Жыл бұрын
tax haven , tax haven, tax haven... that´s why...
@RedNip123
Жыл бұрын
12:28 absolute potatoe van driver on the right almost causing an accident in the stock footage
@sriharshacv7760
Жыл бұрын
The first thought that came to my mind: Tax haven
@gd8407
Жыл бұрын
SHORTSIGHTED !!!
@6861Charley
10 ай бұрын
I visited Liechtenstein in September 28 and found the country exciting and beautiful. On December 24 as part of my Winter Wonderland vacation I'll be visiting Liechtenstein again and 3 other countries around it.
@xenotypos
Жыл бұрын
To be fair, it's the story of most successful tax heavens. The idea is always the same, the success often depends on the location.
@mrpoxycat3967
Жыл бұрын
It's almost as if it better to keep government small and decentralized.
@gd8407
Жыл бұрын
Please CHECK what a "tax heaven" is (perhaps consult OECD - if you know what that means - which I doubt LOL).
@xenotypos
Жыл бұрын
@@gd8407 Most definitions of a tax haven agree with me, please open a dictionary before trying to act with condescension, maybe you'll seem less ridiculous. The OECD made up definition, lost all credibility for almost everyone after it was pointed that in 2017 only Trinidad and Tobago met their criteria anymore. So get over it, I don't know if you were triggered because you live in Liechtenstein or something, but that country can clearly be considered a tax haven. No matter how you feel about it.
@MazdaRX7007
Жыл бұрын
@@xenotypos Bro I think he's just highlighting how you wrote tax heaven and instead of tax haven.
@arthas640
Жыл бұрын
Being a tiny country in the EU surrounded by wealthy countries and large economies with high taxes helps a lot.
@mehmedkhan.6198
Жыл бұрын
I'm definitely moving to liechtenstein any time from now.
@marklisiecki5790
Жыл бұрын
God bless the Western civilization !!!!
@juice8225
Ай бұрын
I honestly thought this was a city on Germany.. Learn something new every day
@ThePoliticalAv
Жыл бұрын
Why does the thumbnail make Liechtenstein look like it's in a desert?
@tehranoffers6346
Жыл бұрын
Great Info 😍
@carmenramos528
Жыл бұрын
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.
@drjackliam8498
Жыл бұрын
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
@patrickandrew8374
Жыл бұрын
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
@anitaroger8497
Жыл бұрын
Please can you leave the info of your investment advisor here? I’m in dire need for one
@patrickandrew8374
Жыл бұрын
My Financial Consultant is BRIAN FRANCIS PEARCE. I found him on a Kiyosaki interview where he was featured and reached out to him afterwards. He has since provided entry and exit points on the securities I focus on. I basically follow his market moves and haven’t regretted doing so. He often interacts on Telegrams, using the user name mentioned below
@patrickandrew8374
Жыл бұрын
BRIANPEARCEFX
@rodneypate1693
Жыл бұрын
Very interesting. Great video
@TheZaratustra1989
11 ай бұрын
short answer: money laundry
@williamflaherty3168
Жыл бұрын
The Swiss halo effect!
@wildcard7188
Жыл бұрын
lets be honest the only reason this country is untouched is cuz it make it easy for everyone to launder there money easily
@gd8407
Жыл бұрын
LOL, do you have other silly jokes?
@reyinfante5553
Жыл бұрын
Besides lucky enough to be near Switzerland and the right courses of action, it looks like the Prince or the King at that time is not corrupt and donates his assets to save his country.
@mczougames1114
Жыл бұрын
A Linnister always pay their debts -Tyrion Lannister
@RealCherry8085
Жыл бұрын
Having Austria and Switzerland as neighbours makes them instantly rich.
@nolesy34
Жыл бұрын
Imagine going over your neigbours for a cup of sugar they give you, A gilded mug of hot drinking choclate and a swiss bank account
@davidlally592
Жыл бұрын
Ah yes the Leichtenstein company concept of a "Stiftung" or an "Anstalt"...
@AlexSeesing
Жыл бұрын
Very interesting. Compare this against Luxembourg and The Netherlands in this order. And to be complete, feel free to also include Belgium for any reason you think is fun.. Uhm, right.
@drthrottle
Жыл бұрын
Good summary!
@nicolasbouyiouclis4726
Жыл бұрын
Very nice and informative show, thumbs up! I enjoyed it... Good for them.... but I have no intention even driving nearby the place anytime soon.... I'd rather spend my time at the Greek Islands forever....! Sorry..
@vikingrogaland2844
Жыл бұрын
Norway has no external debt, as far as I know. In stead, we have a massive pension fund
@johannbrandstatter7419
14 күн бұрын
As an observant somebody once stated : It's always good for a pee and a post card ! Oh, who exactly has all the riches?
@hevnervals
Жыл бұрын
I don't really see how a country's size makes it less corrupt, or its politics more efficient. It's not like counties in larger countries aren't corrupt or mismanaged.
@NiceGuyMarek
Жыл бұрын
I mean it seems pretty simple why it would be less corrupt
@hevnervals
Жыл бұрын
@@NiceGuyMarek It's not simple. Such things are multifacated. There are cultural and historical factors as well
@hevnervals
Жыл бұрын
@Marek Maisonneuve Why is Iceland more corrupt than Germany? Iceland has a population of 370 000. I don't have the answers, but neither does Casual Scholar.
@gd8407
Жыл бұрын
Question: do you as fahter manage your family with 2 children better or less than with 12 kids? Once you find the answer you will see what I am talking about.
@hevnervals
Жыл бұрын
@@gd8407 Not applicable. It's a scalable bureaucracy that scales with the population size. There’s also decentralisation. Big countries have regional governments the size of small countries.
@imac786
Жыл бұрын
Dubai is following similar policy. I wonder why the big neighbors did not sanction companies using smaller countries as tax heavens ?
@martinemjt
Жыл бұрын
many world leaders could take lessons from liechtenstein on keeping taxes low, investment inflowing and citizen wealth up! keep up the good work!
@maxsonthonax1020
Жыл бұрын
An astute & moronic analysis. 🤔
@todoldtrafford
7 ай бұрын
@@maxsonthonax1020moronic to say to invest and not waste money?😂
@BlckJack123
12 күн бұрын
I have been there. It is EXPENSIVE!!
@Maria-sz1fc
Жыл бұрын
Excellent health care and education financed by other nations' taxes. There is always some shady shit isn't there
@alexyuu952
Жыл бұрын
Yup, miracles dont just happen
@kancer5990
Жыл бұрын
Basically the place lucked out by being in Switzerlands shadow... and learning it's secrets of being a tax haven for the rich... Also benefited from being in Europe where Switzerland being a neutral country with favorable relationships with surrounding countries(No one would want to upset the swiss over a 61sqmi mountainous territory). If it was next to china the place would have been gobbled up regardless. See HongKong, Taiwan, Parts of Mongolia, Tibet, Uyghur.
@mhdibm7515
Жыл бұрын
I really wish we can have similar success stories here in the african continent
@nukesrus2663
Жыл бұрын
Give it a few decades. I believe it will happen.
@Hayha12
Жыл бұрын
Rwanda is doing it
@arnaroghael8565
Жыл бұрын
stop imigratin and with that loosing your brightest individuals, most black doctor in use and eu are from africa. thats lost potential for continent.
@arnaroghael8565
Жыл бұрын
@@hoppingrabbit9849 "remittances " you talking about mony immigrants send back home? If that's economic plan of Africa then that is the dumbest plan in history of mankind, Europe will soon be in rude awakening because of prices and especially energy which practically don't have lots of companies leaving, inflation killing euro,so salarys 3 months ago dosen't have same value as now,war is coming, on the other hand africa has everything and even more,it laks talent and social structure and with that industry and economy will rise, and regardless with all that potential you without of shame telling me that African prosperity laying in monye sent by immigrants to ther home country, that is embarrassing comment from your view point .
@ult7511
Жыл бұрын
@@hoppingrabbit9849 That would be a good move if you're government use those remittance money in good use, not in corrupt way.
@Orangensigma
Жыл бұрын
I’m Swiss, for me it’s somehow a part of switzerland we speak nearly the same language
@mangalsingh2050
Жыл бұрын
Tax Haven.
@poetcomic1
5 ай бұрын
"The country's leaders came together to make sure the goverment's policies remained boring and stable." Music to my ears.
@moviesgalore9947
Жыл бұрын
I prefer the even smaller tiny Duchy of Grand Fenwick from the two hilarious movies "The Mouse That Roared" and "The Mouse on the Moon" those movies are brilliant satires.
@thomasmcnamara5929
Ай бұрын
Sounds like paradise. I would live there.
@kaushikvsmaniyan
Жыл бұрын
Their past could be their future as well
@nolesy34
Жыл бұрын
And their present, their past
@kaushikvsmaniyan
Жыл бұрын
@@nolesy34 no. Their present is what it is
@nolesy34
Жыл бұрын
@@kaushikvsmaniyan but since we have talked.. it is now their and our past
@kaushikvsmaniyan
Жыл бұрын
@@nolesy34 Really? Are we alive now or dead?
@nolesy34
Жыл бұрын
@@kaushikvsmaniyan i was dead before, but this conversation made me feel... ALIVE
@MaxieWolfe
6 ай бұрын
"Unemployment is barely above 1%" A couple of blokes who that smoke pot or work as a streamer.
@sultanhaider1176
Жыл бұрын
It’s not a country it’s a village with international borders. It’s 8 miles by 7 miles and has 40000 people in it. You can put borders around any large bank and declare it the richest country in the world. It’s not sizeable enough for comparison against normal average size countries.
@thegiggler2
5 ай бұрын
I don't see how not having an ocean port prevents trade at all. That's like saying that Colorado can't ever be successful. It might be slightly more expensive and cumbersome to cross borders.
@owen2886
Жыл бұрын
I am actually doing a research assignment for this country for a college class. Does anyone have any good books about Lichtenstein that arent extremely expensive?
@DaShooter12
Жыл бұрын
use your college databases
@owen2886
Жыл бұрын
@@DaShooter12 I checked there, they don’t have any real books. I need at least two real books. I don’t have to have the physics copy of it, but it needs to exist as a book
@StripedJacket
Жыл бұрын
@@owen2886 go to a library and ask the librarian. Their job is literally to help with research
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