Comments for Tax and Banking Financial

Comment on What is the history of Switzerland? How did it become a banking, financial center? by gentlejohn

gentlejohn — Thu, 11 Mar 2010 18:13:14 +0000

Mainly by staying neutral in both World Wars. This enabled Switzerland to lend money to all of the participants, mainly in Europe, and so become rich. Wise move I think.

Comment on What is the history of Switzerland? How did it become a banking, financial center? by Felicity O

Felicity O — Thu, 11 Mar 2010 18:13:14 +0000

Switzerland is still neutral. It is also a country without much in the way of natural resources, so they had to import raw materials, which is how they got into the manufacture of watches and precision medical instruments. High return for a minimum of raw materials. Geographically well placed to deal with European neighbours, – Germany, Austria, Italy, France.

Comment on What is the history of Switzerland? How did it become a banking, financial center? by billythekid55uk

billythekid55uk — Thu, 11 Mar 2010 18:13:14 +0000

Megapolitical reasons.

Firstly I would guess its natural geographical advantages… its up high… with many high passes for an enemy to negotiate… which are easier to fight down from. Going back in time (pre-gunpowder) Enemy would have to war upwards, and its such a superior advantage for the defenders.

I think this is partly the reason the small country/repuiblic of San Marino… inside Italy.. stayed independant… their enemies couldn’t conquer them fully cause they were so high up.

Also I would guess the Swiss showed they could be trusted… whilst also the fact their natural geographic surrounding made the country strong and easier to defend against an enemy made attractive place for the wealthy to store their money/gold ect for savings, commerce and trade.

Comment on What is the history of Switzerland? How did it become a banking, financial center? by Edward

Edward — Thu, 11 Mar 2010 18:13:14 +0000

http://history-switzerland.geschichte-schweiz.ch

This site provides very comprehensive information.

Comment on Banking 9: More on Reserve Ratios (Bad sound) by smallbighorn

smallbighorn — Wed, 10 Mar 2010 03:44:50 +0000

where is 8?

Comment on Banking 9: More on Reserve Ratios (Bad sound) by dallenchao

dallenchao — Wed, 10 Mar 2010 03:44:50 +0000

Sal, just wondering if you write out your scripts before producing the vids?

Comment on Banking 9: More on Reserve Ratios (Bad sound) by tiger12220

tiger12220 — Wed, 10 Mar 2010 03:44:50 +0000

Still confused…but ill keep watching

Comment on Banking 9: More on Reserve Ratios (Bad sound) by jgposner

jgposner — Wed, 10 Mar 2010 03:44:50 +0000

Where is this documented? I want to write something up on this but even though you are a good source I would like to reference the law or regulation itself. Who made this law or regulation? Congress? A committee? Does the Fed set the reserve ratio or someone else?

Comment on Banking 9: More on Reserve Ratios (Bad sound) by melaiphanat

melaiphanat — Wed, 10 Mar 2010 03:44:50 +0000

i really like this i learned alot

Comment on Banking 9: More on Reserve Ratios (Bad sound) by pjblabla

pjblabla — Wed, 10 Mar 2010 03:44:50 +0000

You have done an excellent job in diffrentiating solvency from liquidity

that’s the problem in the current financial crisis – people thought banks were not liquid – however, the problem was much graver – most banks were not solvent