How an Isolated Valley Became the World's Richest Country

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  • Опубликовано: 13 янв 2025

Комментарии • 1,1 тыс.

  • @CasualScholar
    @CasualScholar  Год назад +90

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  • @PolariusKarnun
    @PolariusKarnun Год назад +1750

    "Unemployment is barely above 1%"
    Imagine the whole country knowing which 400 people don't have jobs lol

    • @FictionHubZA
      @FictionHubZA Год назад +45

      Lol

    • @Robespierre-lI
      @Robespierre-lI Год назад +138

      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
      @Bolognabeef Год назад +140

      @@Robespierre-lI no because disabled people aren't part of the total working force so they're out of the equation...

    • @GWOAT
      @GWOAT Год назад +29

      The rest supply the others with sniff 🤧

    • @kopazwashere
      @kopazwashere Год назад +48

      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
    @waynesworldofsci-tech Год назад +975

    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
      @stupididioticspoiledbrat2419 Год назад

      LIECHTENSTEIN is just a lazy rip off of Switzerland.

    • @islamisthetruewaytogod6812
      @islamisthetruewaytogod6812 9 месяцев назад

      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
      @bollweevil8112 4 месяца назад

      Not a real country

  • @brucet.3239
    @brucet.3239 Год назад +604

    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
      @r0N1n_SD Год назад

      Thanos was right 😂

    • @cococalypso6549
      @cococalypso6549 Год назад +44

      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
      @jmgonzaga101 Год назад +9

      Is Guernsey part of England ? I’m always asking this question and I’m facinated on the island

    • @maybe-arch
      @maybe-arch Год назад +10

      @@jmgonzaga101 yes part of uk

    • @reddwarfer999
      @reddwarfer999 Год назад +20

      @@maybe-arch Guernsey isn't part of the UK, it is a Crown Dependency.

  • @andrewwilliams6008
    @andrewwilliams6008 Год назад +440

    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
      @fabadabean Год назад +12

      I did the exact same thing! Also went up into the hills above Vaduz - gorgeous landscapes there too

    • @andrewwilliams6008
      @andrewwilliams6008 Год назад +4

      @@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

    • @Banananaq
      @Banananaq Год назад +6

      Was it expensive?

    • @peredavi
      @peredavi Год назад +2

      @@Banananaq No!🙄

    • @brucebaum1458
      @brucebaum1458 Год назад

      How could it not be expensive, like how much for a 3/4 star hotel, average lunch or dinner?

  • @PonchoANS7
    @PonchoANS7 Год назад +4531

    Tax haven. There. Saved you 17 minutes.

    • @tauceti8060
      @tauceti8060 Год назад +234

      Hate it when rich people hide from paying their fair share of taxes😡

    • @robg4074
      @robg4074 Год назад +279

      @@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
      @dariuschambliss1221 Год назад +45

      Thanks for the time save.

    • @AbeYousef
      @AbeYousef Год назад +308

      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
      @enzonavarro8550 Год назад +88

      @@AbeYousef 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"

  • @TrionSixteenisawsum
    @TrionSixteenisawsum Год назад +60

    I went to liechtenstein over summer, explored vaduz and the castle and went hiking. The views on the hike were absolutely stunning and the city seems so well run and polished despite being so tiny

    • @remina1
      @remina1 Год назад +4

      I also visited last year and hiked border to border, whole country was beautiful and insanely clean. The people where also very friendly. Would love to go back.

  • @charlesmoss8119
    @charlesmoss8119 Год назад +107

    The only thing I would say is for the casual visitor it has long since lost much of the quaint surroundings and beautiful old buildings with painted facades and wood shingle that I remember with such joy from my childhood. Vaduz in particular feels horribly bleak with ill thought out pedestrianisation and a devotion to strange cube architecture! As a place to do business though it’s great and if you push up into the mountains some of the walks are spectacular, the three sisters is a favourite with wonderful views.

    • @islamisthetruewaytogod6812
      @islamisthetruewaytogod6812 9 месяцев назад

      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) -------------------

    • @sansalt11
      @sansalt11 3 месяца назад

      Mother of God is the TRUTH. God is S/He. No patriarch, no matriarch. Praise be to Mother/Father God in cooperation and Unity💜🙏💜

    • @sansalt11
      @sansalt11 3 месяца назад +1

      Don’t ever forget ‘Thou Shalt not kill.’

  • @jeremiahreilly9739
    @jeremiahreilly9739 Год назад +50

    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
      @arthas640 Год назад +9

      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
      @cek0792 Год назад +2

      ​@@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.

  • @StopItRyan
    @StopItRyan Год назад +332

    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...

    • @Robespierre-lI
      @Robespierre-lI Год назад +53

      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
      @florianmaier104 Год назад +31

      @@Robespierre-lI 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
      @Someone-cd7yi Год назад +10

      ​@@florianmaier104 Monaco?

    • @suryahadiwinatas2932
      @suryahadiwinatas2932 Год назад +15

      ​@@florianmaier104 Principality of Monaco and Grand Duke of Luxembourg

    • @user-iu2um8fd8n
      @user-iu2um8fd8n Год назад +11

      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.

  • @icreatedanaccountforthis1852
    @icreatedanaccountforthis1852 Год назад +185

    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
      @robertmcnamara5407 Год назад +19

      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
      @nathanlevesque7812 Год назад

      "creative accounting" is code for bullshit.
      "legally on an international level" is a nebulous notion.
      "good business" for who?
      @@robertmcnamara5407

    • @dimmacommunication
      @dimmacommunication Год назад

      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
      @radidov5333 Год назад +9

      basically a tiny Switzerland

    • @dimmacommunication
      @dimmacommunication Год назад +4

      @@radidov5333 It could be Switzerland's swiss , matter of fact swiss people are forbidden to use some financial stuff of Leichtenstein

  • @hassangingi7033
    @hassangingi7033 Год назад +98

    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
      @alexyuu952 Год назад +39

      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
      @user-ug8wx5er1w Год назад

      Another tax haven. Immigration will take Ireland now…

    • @christopherellis2663
      @christopherellis2663 Год назад +4

      180 years later

    • @musicwelikemang
      @musicwelikemang Год назад +1

      Tax havens are a cheat code. Its a race to the bottom for small nations.

    • @Mediocreinput
      @Mediocreinput Год назад +6

      Are yoy sure about that? GDP is rising but have you seen what actually is in there?

  • @rudolfkraffzick642
    @rudolfkraffzick642 Год назад +47

    The upper Rhine River valley where Liechtenstein is situated is by no means isolated.
    An old trade road from or leading to Italy runs through the valley. In the 19th century a railroad was added. The Zurich International Airport is nearby.

    • @cek0792
      @cek0792 Год назад

      ​@Anno Kitsune International or Domestic?

  • @Metal0sopher
    @Metal0sopher Год назад +26

    So just like Dubai, Singapore, and Hong Kong. A small city state taking advantage of it's location between much larger economic juggernauts.

    • @matsdunkler746
      @matsdunkler746 10 месяцев назад +7

      Dubai is actually an emirate and city in the United Arab Emirates

  • @TheLegenDacster
    @TheLegenDacster Год назад +11

    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.

  • @Kraut_the_Parrot
    @Kraut_the_Parrot Год назад +32

    marvelous as always :)

  • @cisium1184
    @cisium1184 Год назад +20

    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_dota2
      @ken_dota2 Год назад

      Can u share her name?

  • @lima4-2angel
    @lima4-2angel 5 месяцев назад +2

    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! 🇵🇦 🇱🇮

  • @jenshoefer7944
    @jenshoefer7944 8 месяцев назад +5

    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

  • @josephturner7569
    @josephturner7569 Год назад +21

    The only country in history to send its army to war and returned +1. With no casualties.

  • @wllywaliy
    @wllywaliy Год назад +117

    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
      @harryjohnston2870 Год назад +4

      TAX.

    • @wllywaliy
      @wllywaliy Год назад +39

      @@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
      @alastorgdl Год назад +9

      @@wllywaliy said "It was founded in and grew out of Liechtenstein"
      MOST companies are founded and grow in tax paradises from the beginning

    • @ricgunn1439
      @ricgunn1439 Год назад +5

      Hilti great tools😊

    • @maxsonthonax1020
      @maxsonthonax1020 Год назад +1

      So much gullibility. I guess that's how this guy is able to make his money too from padded-out You-Tube videos.

  • @HouseJawn
    @HouseJawn Год назад +4

    Good video, positive topic, no drama, no hyperbolic title. Good quality positive information, love it, good work 😊👍

  • @CHMichael
    @CHMichael Год назад +21

    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.

  • @angelavonhalle5144
    @angelavonhalle5144 4 месяца назад +1

    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.

  • @funny-video-YouTube-channel
    @funny-video-YouTube-channel Год назад +3

    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 !

  • @gnotagnome24
    @gnotagnome24 Год назад +6

    Liechstenstein: The Delaware of the Alps!

  • @jackuzi8252
    @jackuzi8252 Год назад +4

    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.

  • @skyfeelan
    @skyfeelan Год назад +30

    even thought World of Tanks ad on a video like this feels goofy, it is still much better than Masterworks or Established Titles

    • @maxsonthonax1020
      @maxsonthonax1020 Год назад

      Yet it is the whole point of making the video: to be a revenue stream.

  • @gtbkts
    @gtbkts Год назад +6

    Thanks for the awesome content and great video!!!

  • @ROXANNE708
    @ROXANNE708 Год назад +6

    Thank you for another fantastic video. 👍

  • @AboveBoardBeyondControl
    @AboveBoardBeyondControl Год назад +48

    Once again, Casual Scholar delivers another fantastic video! Very informative and entertaining!

    • @hevnervals
      @hevnervals Год назад +3

      It's not a great analysis, and it's full of baseless assumptions.

    • @ROXANNE708
      @ROXANNE708 Год назад +4

      @@hevnervals 👎

    • @ROXANNE708
      @ROXANNE708 Год назад +2

      @Footnote Society AGREED!

    • @maxsonthonax1020
      @maxsonthonax1020 Год назад +1

      I think if you listen closely it is neither of those things. It's merely a vehicle for a revenue stream.

    • @ROXANNE708
      @ROXANNE708 Год назад +3

      @@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. 🙄

  • @thelonewanderer2550
    @thelonewanderer2550 Год назад +18

    Damn I was hoping for a video about Luxembourg, but this is great too...

  • @KayKay21
    @KayKay21 Год назад +4

    Very well made video. Take my sub.

    • @CasualScholar
      @CasualScholar  Год назад +1

      Glad you enjoyed! Welcome to the channel!

  • @brucewilson1958
    @brucewilson1958 Год назад +3

    Thank you. I learned a lot. Now, I would like to visit there. Quite beautiful. Bravo.

  • @ahfez
    @ahfez Год назад +2

    The genius leader who started the foundation of it all is the key to this massive success.

  • @richardtheweaver4891
    @richardtheweaver4891 Год назад +45

    "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
      @smparreira Год назад +2

      Kenneth Selin
      2 days ago
      SMART corruption-free POLITICS makes for A PROPEROUS NATION. Undoubtedly. :D Ken, Toronto, Canada

    • @gd8407
      @gd8407 Год назад

      What a STUPID description. Do you really know what you are talking about?

    • @sasi5841
      @sasi5841 Год назад +14

      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
      @webstercat Год назад +10

      Taxes are immoral

    • @12vscience
      @12vscience Год назад +3

      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.

  • @dwight7651
    @dwight7651 Год назад +2

    Good research and presentation
    thank you

  • @harrysutton8998
    @harrysutton8998 Год назад +8

    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….

  • @rustix3
    @rustix3 8 месяцев назад +1

    1:07 Just a quick googling gave me 10 countries without a public debt.

  • @asgautbakke8687
    @asgautbakke8687 Год назад +7

    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".

  • @signefurax933
    @signefurax933 8 месяцев назад +2

    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!

  • @kevindarroch7332
    @kevindarroch7332 Год назад +12

    Lichenstein, it is a truly beautiful country. Smart, thinking people.

  • @DaxterAs
    @DaxterAs 8 месяцев назад +1

    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.

  • @tabeagyger9581
    @tabeagyger9581 Год назад +5

    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 🇨🇭

  • @HouseJawn
    @HouseJawn Год назад +1

    Congratulations to this channel for NOT making an obnoxious clickbait title with words in all CAPS 😱

  • @elismart13
    @elismart13 Год назад +4

    Great Video, watched in college during a Break 😎😄

    • @elismart13
      @elismart13 Год назад

      replies wont load, so im replying to myself lol (nope I still cannot see the other reply)

  • @krinkovakwarfare
    @krinkovakwarfare Год назад +3

    Basically
    Tiny factory for sophisticated equipments
    Accounting department for multinationals
    Tax Haven similar to Switzerland

  • @gigantino
    @gigantino 7 дней назад

    The other day I went there for the first time because I had renovated my night train subscription (that allows me to take all Swiss trains)
    I went to the border and took a 30 min bus to Vaduz. It’s the capital yet it looks like any Swiss town (it has 5000 citizens)
    It also seemed like everyone knew each other. I happened to speak Italian and French on the phone and seeing people turn INSTANTLY was super fun, they must have thought “Who the heck is this foreigner???”
    Had a nice breakfast, stayed there the entire morning and then went home!

  • @dorktriogamer2865
    @dorktriogamer2865 Год назад +28

    This kinda shows to me that no matter a countries unfortunate situation it can still work well

    • @valtontony826
      @valtontony826 Год назад +4

      except if they're in an ongoing war

    • @EUenjoyer
      @EUenjoyer Год назад

      Untill their tax Is zero and they leech on other countries, yes they can still work very well

    • @Soff1859
      @Soff1859 Год назад +9

      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
      @shauncameron8390 Год назад

      @@Soff1859
      Scotland is not rich.

    • @sasi5841
      @sasi5841 Год назад

      ​@@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.

  • @rodneypate1693
    @rodneypate1693 Год назад +1

    Very interesting. Great video

  • @TheAmos1
    @TheAmos1 Год назад +7

    a type of Delaware corporate address but not as shady as a cayman island address

  • @6861Charley
    @6861Charley Год назад

    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.

  • @bigozimak
    @bigozimak Год назад +43

    It's very odd how three of the smallest countries in Europe are also the wealthiest. So, how does one become a Liechtensteinian!

    • @frisco1968
      @frisco1968 Год назад

      Liechtenstein is known for its XX thousands of „letterbox companies“ = tax haven

    • @sandrineroesch8706
      @sandrineroesch8706 Год назад +11

      It’s very hard to get in and reside.
      As a company,it’s easier.
      And citizenship is extremely hard to obtain

    • @jeortiz-luis4288
      @jeortiz-luis4288 Год назад

      I hope they are very selective with 'immigrants', the wrong kind destroys nations like the US, UK and france

    • @ricgunn1439
      @ricgunn1439 Год назад +3

      Be a ski champion

    • @maxsonthonax1020
      @maxsonthonax1020 Год назад +6

      It's not odd, it is logical. Were you not paying attention? TAX HAVEN.

  • @99somerville
    @99somerville 4 месяца назад +1

    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.

  • @bendimi3992
    @bendimi3992 Год назад +14

    Gorgeous country with gorgeous people 👍❤️
    GREETINGS FROM SERBIA 🇷🇸❤️❤️❤️❤️❤️

    • @bingo737
      @bingo737 Год назад +1

      Normal people, like everywhere else.

    • @jordijimenez2634
      @jordijimenez2634 Год назад

      That’s 99.9% of the world

  • @paulhouston4500
    @paulhouston4500 Год назад +21

    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
      @sasi5841 Год назад +1

      This
      The success or failure of almost any political system hinges on points 1, 6 and 7

    • @feliciaf8
      @feliciaf8 Год назад

      this@@sasi5841

    • @cuervoblanco71
      @cuervoblanco71 Год назад

      true

  • @tehranoffers6346
    @tehranoffers6346 Год назад +1

    Great Info 😍

  • @matthiasthym7431
    @matthiasthym7431 Год назад +8

    Could make a video about the steel industry of Luxembourg :)

  • @drthrottle
    @drthrottle Год назад +1

    Good summary!

  • @asierescobal1248
    @asierescobal1248 Год назад +8

    Dont' stop Liechtensteining! As a live motto

  • @mehmedkhan.6198
    @mehmedkhan.6198 Год назад +1

    I'm definitely moving to liechtenstein any time from now.

  • @nashwagemakers
    @nashwagemakers Год назад +46

    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
      @seanbryan1739 Год назад +7

      Without saying the name, it’s not fun at all. Boring

    • @ChristianHeinemann
      @ChristianHeinemann Год назад

      @@seanbryan1739 en.wikipedia.org/wiki/Intamin

    • @SergieRachmaninoff
      @SergieRachmaninoff Год назад +1

      Huh, I had no idea Intamin were based there.

    • @nashwagemakers
      @nashwagemakers Год назад

      @@seanbryan1739 Forgot! Intamin :)

    • @nashwagemakers
      @nashwagemakers Год назад

      @@SergieRachmaninoff yea quite insane but also cool

  • @MaxieWolfe
    @MaxieWolfe 10 месяцев назад +1

    "Unemployment is barely above 1%"
    A couple of blokes who that smoke pot or work as a streamer.

  • @kevinblankenburg4816
    @kevinblankenburg4816 Год назад +6

    Before even watching the video... Liechtenstein is not a valley... It is located on the eastern bank of the river Rhein. So half a valley...

    • @nolesy34
      @nolesy34 Год назад

      What a trick!
      I feel more enraged then when i met a real girl who said she lived in the hood..
      She was in fact. From the valley
      now
      Vacate in Atlanta, then she going back to Cali
      Got your girl on my line, world on my line
      The irony I fuck 'em at the same damn time
      She eyeing me like a nigga don't exist
      Girl, I know you want this dick
      Girl, I'm Kendrick Lamar
      Aka Benz is to me just a car
      That mean your friends need to be up to a par
      See my standards are pampered by threesomes tomorrow
      Kill 'em all dead bodies in the hallway
      Don't get involved listen what the crystal ball say
      Halle Berry, hallelujah
      Holla back i'll do ya
      Beast
      I love bad bitches that's my fuckin problem
      And yeah I like to fuck I got a fuckin problem
      I love bad bitches that's my fuckin problem
      And yeah I like to fuck I got a fuckin problem
      I love bad bitches that's my fuckin problem
      And yeah I like to fuck I got a fuckin problem
      If finding somebody real is your fuckin problem
      Bring ya girls to the crib maybe we can solve it

  • @BlckJack123
    @BlckJack123 4 месяца назад +1

    I have been there. It is EXPENSIVE!!

  • @user-iu2um8fd8n
    @user-iu2um8fd8n Год назад +3

    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.

  • @franko8572
    @franko8572 Год назад +2

    America licking they chops like “hmm.. what’s our angle, how we getting that oil”?

  • @timo4223
    @timo4223 Год назад +5

    i studied in Liechtenstein, can tell you one thing. Its one of the most boring places i've ever been to.

  • @RedNip123
    @RedNip123 Год назад +1

    12:28 absolute potatoe van driver on the right almost causing an accident in the stock footage

  • @funfnummer4468
    @funfnummer4468 Год назад +12

    Liechtenstein's royal family is the best example for other royals. They should love their state not their title.

    • @apveening
      @apveening Год назад

      @@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
      @hello-friend990 Год назад

      @@hoppingrabbit9849 I'm living in a regal system. The bureaucracy means things get done quicker without red tape

    • @sasi5841
      @sasi5841 Год назад

      ​@@apveening there is no such thing as an outdated political system.

    • @apveening
      @apveening Год назад

      @@sasi5841 You just failed English 101.

    • @sasi5841
      @sasi5841 Год назад

      @@apveening elaborate further

  • @alaricboyle-poirier6931
    @alaricboyle-poirier6931 Год назад

    These videos are great.

  • @marklisiecki5790
    @marklisiecki5790 Год назад +6

    God bless the Western civilization !!!!

  • @attilabpc542
    @attilabpc542 Год назад

    Apart from the machine voice over, it is an enjoyable and informative video.

  • @nicolasbouyiouclis4726
    @nicolasbouyiouclis4726 Год назад +3

    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..

  • @juice8225
    @juice8225 5 месяцев назад

    I honestly thought this was a city on Germany.. Learn something new every day

  • @sriharshacv7760
    @sriharshacv7760 Год назад +14

    The first thought that came to my mind: Tax haven

    • @gd8407
      @gd8407 Год назад

      SHORTSIGHTED !!!

  • @Raazorred1
    @Raazorred1 4 месяца назад

    Well done 👍

  • @JosephJoboLicayan
    @JosephJoboLicayan Год назад +5

    0:49 what do you mean by "Leonardo da Vinci's counterpart to the Mona Lisa..."
    da Vinci MADE the Mona Lisa, what 'counterpart' is there?

    • @SilenceOnPS4
      @SilenceOnPS4 Год назад +3

      Please look up the definition of counterpart😉

    • @StripedJacket
      @StripedJacket Год назад +2

      The painting “Ginevra de’ Binci” is another one of his works and is considered to be the Mona Lisa (the painting’s) counterpart.
      Maybe you just didn’t understand it? So I’ll reword his words:
      The counterpart to the Mona Lisa by Leonardo da Vinci
      This conveys the same exact meaning

    • @JosephJoboLicayan
      @JosephJoboLicayan Год назад

      @@StripedJacket even if you add a phrase, for clarity, that it is by leonardo, it still wont make sense in a grammatical sense due to the usage of the word 'counterpart'.
      Cant believe im going to have to go full grammar na - zi on this but he reason why this caught my attention is because normally when you attach the word 'counterpart' it is supposed to be comparative or a very literal mirror case of "the other side". You do not use the word 'counterpart' when there is no "other side" of the subject. For example, " The T-34 is the Russian Counterpart of the German Panzer 4."
      In the case used in this video's opening, 'counterpart' references two painting that ARE BY THE SAME PERSON, da Vinci, which is an erroneous use of the word as there is no comparative function, there is "no other side". It doesnt answer thr question of what or whose is it the counterpart of. It just doesnt make sense to the way the word is used.

    • @StripedJacket
      @StripedJacket Год назад +1

      @@JosephJoboLicayan
      coun·ter·part
      /ˈkoun(t)ərˌpärt/ noun
      1. a person or thing holding a position or performing a function that corresponds to that of another person or thing in another place.
      With the definition it fits as this painting corresponds to the other. It doesn’t mean exact counter like you think it is lol
      The painting is the counterpart/corresponds to the Mona Lisa (another painting) since they’re both made by Leonardo

    • @melissahouse3488
      @melissahouse3488 Год назад +1

      Counterpart: Partnering or sequel?? 🤷🏼‍♀️

  • @number2and3
    @number2and3 5 месяцев назад

    Great video

  • @Greetings_From_Cork
    @Greetings_From_Cork Год назад +3

    The Republic of Ireland soccer team once held Liechtenstein scoreless.
    #Memories.

  • @rubyclark7595
    @rubyclark7595 Год назад +1

    WOW!!! Great History

  • @buglerplayz7497
    @buglerplayz7497 Год назад +13

    Well when it went to war they gained a soilder

  • @noelbantiyao9490
    @noelbantiyao9490 Год назад +1

    Great no comment👍👍👍👏👏👏🤚☝️👌🙏

  • @xenotypos
    @xenotypos Год назад +41

    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
      @mrpoxycat3967 Год назад +12

      It's almost as if it better to keep government small and decentralized.

    • @gd8407
      @gd8407 Год назад +1

      Please CHECK what a "tax heaven" is (perhaps consult OECD - if you know what that means - which I doubt LOL).

    • @xenotypos
      @xenotypos Год назад +6

      @@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
      @MazdaRX7007 Год назад

      @@xenotypos Bro I think he's just highlighting how you wrote tax heaven and instead of tax haven.

    • @arthas640
      @arthas640 Год назад

      Being a tiny country in the EU surrounded by wealthy countries and large economies with high taxes helps a lot.

  • @jimhiebert650
    @jimhiebert650 7 месяцев назад +1

    my this narrator does go on

  • @ThePoliticalAv
    @ThePoliticalAv Год назад +5

    Why does the thumbnail make Liechtenstein look like it's in a desert?

  • @mczougames1114
    @mczougames1114 Год назад

    A Linnister always pay their debts
    -Tyrion Lannister

  • @martinemjt
    @martinemjt Год назад +5

    many world leaders could take lessons from liechtenstein on keeping taxes low, investment inflowing and citizen wealth up! keep up the good work!

    • @maxsonthonax1020
      @maxsonthonax1020 Год назад +2

      An astute & moronic analysis. 🤔

    • @todoldtrafford
      @todoldtrafford 11 месяцев назад +1

      @@maxsonthonax1020moronic to say to invest and not waste money?😂

  • @Michael-D.-Williams
    @Michael-D.-Williams 7 месяцев назад +2

    You call that isolated? How Eurocentric can you get? Scholarship so Casual its isolated from fact!

  • @justintrefney1083
    @justintrefney1083 Год назад +6

    I love Liechtenstein! it is my favorite country. Prince Hanns Adam II is an amazing man. His book "The State In The Third Millennium" changed my life.

  • @stananderson4524
    @stananderson4524 8 месяцев назад

    "Have we passed through Liechtenstien yet?""Did you blink?'. Than you miised it.

  • @wildcard7188
    @wildcard7188 Год назад +26

    lets be honest the only reason this country is untouched is cuz it make it easy for everyone to launder there money easily

    • @gd8407
      @gd8407 Год назад

      LOL, do you have other silly jokes?

  • @ilovesuisse1
    @ilovesuisse1 Год назад +2

    Liechtenstein uses our currency, the Swiss Franc.

  • @RealCherry8085
    @RealCherry8085 Год назад +4

    Having Austria and Switzerland as neighbours makes them instantly rich.

    • @nolesy34
      @nolesy34 Год назад +4

      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
    @davidlally592 Год назад +2

    Ah yes the Leichtenstein company concept of a "Stiftung" or an "Anstalt"...

  • @AlexSeesing
    @AlexSeesing Год назад +3

    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.

  • @annarozell7671
    @annarozell7671 Год назад

    I've been there! Was wonderful!

  • @TheZaratustra1989
    @TheZaratustra1989 Год назад +8

    short answer: money laundry

  • @antoniog2833
    @antoniog2833 Год назад +2

    Great place to visit for a day and leave immediately the day after.

  • @quotethequote3877
    @quotethequote3877 Год назад +2

    In population terms one Liechtenstein dies in India every day.