Credit Suisse, say less shit! Part 2.
We still need to remember "Under the terms of the settlement, Credit Suisse will pay to the DOJ a civil monetary penalty of USD 2.48 billion"
European Wealth Report is citing Credit Suisse ...
Remember, every report is reporting the 💩 they want. Just an example: Credit Suisse is saying 1.152 mio millionaires in 2021!!!!, 0.884 in 2019 and 19 billionaires in 2019, while Franklin 0.393 mio millionaires in 2023, 0.332 in 2018 and 41 billionaires in 2023, 36 in 2018, UBS 41 billionaires in 2022, Switzerland 0.354 mio millionaires in 2019, ETHZ is writing "The number of billionaires (in real terms of 2020) residing in Switzerland has risen from 45 in 1993 to 128 in 2020", OXFAM "There are 65,095 individuals in Switzerland with a net worth of $5 million or more, with wealth totaling $1.6 trillion. This also includes 4,520 individuals with $50 million or more with combined wealth of $958.7 billion and 40 billionaires" while Switzerland is saying 88195, not 65095 ...
Henley & Partners is reporting 808 individuals with wealth of USD 100 million or more
Universität Zürich (history): "According to tax data linked to the Kriegssteuer, there were 1298 millionaires in Switzerland around 1925 (and among them 380 in Zürich, 198 in Basel and 185 in Geneva), with 61 persons declaring assets over 5 mio CHF: see. «Les millionaires en Suisse», Gazette de Lausanne, 4.11.1926.
Let we check stats for Austria too.
Beer et al. (2006) kommen auf Basis von Erhebungsdaten der Österreichischen Nationalbank (OeNB) aus dem Jahr 2004 zum Schluss, dass das durchschnittliche Nettogeldvermögen österreichischer Haushalte 51.790 EUR betrug (Median: 21.855 EUR).
Laut Umfrage (2006) beträgt das durchschnittliche Bruttogeldvermögen der österreichischen Haushalte 54.666 EUR (Median: 23.579 EUR).
Credit Suisse is reporting a wealth per adult of 91.321 USD in 2000 for Austria ...
More:
https://news.1rj.ru/str/SwitzerlandFacts/6
https://news.1rj.ru/str/SwitzerlandFacts/485
https://news.1rj.ru/str/SwitzerlandFacts/349
We still need to remember "Under the terms of the settlement, Credit Suisse will pay to the DOJ a civil monetary penalty of USD 2.48 billion"
European Wealth Report is citing Credit Suisse ...
Remember, every report is reporting the 💩 they want. Just an example: Credit Suisse is saying 1.152 mio millionaires in 2021!!!!, 0.884 in 2019 and 19 billionaires in 2019, while Franklin 0.393 mio millionaires in 2023, 0.332 in 2018 and 41 billionaires in 2023, 36 in 2018, UBS 41 billionaires in 2022, Switzerland 0.354 mio millionaires in 2019, ETHZ is writing "The number of billionaires (in real terms of 2020) residing in Switzerland has risen from 45 in 1993 to 128 in 2020", OXFAM "There are 65,095 individuals in Switzerland with a net worth of $5 million or more, with wealth totaling $1.6 trillion. This also includes 4,520 individuals with $50 million or more with combined wealth of $958.7 billion and 40 billionaires" while Switzerland is saying 88195, not 65095 ...
Henley & Partners is reporting 808 individuals with wealth of USD 100 million or more
Universität Zürich (history): "According to tax data linked to the Kriegssteuer, there were 1298 millionaires in Switzerland around 1925 (and among them 380 in Zürich, 198 in Basel and 185 in Geneva), with 61 persons declaring assets over 5 mio CHF: see. «Les millionaires en Suisse», Gazette de Lausanne, 4.11.1926.
Let we check stats for Austria too.
Beer et al. (2006) kommen auf Basis von Erhebungsdaten der Österreichischen Nationalbank (OeNB) aus dem Jahr 2004 zum Schluss, dass das durchschnittliche Nettogeldvermögen österreichischer Haushalte 51.790 EUR betrug (Median: 21.855 EUR).
Laut Umfrage (2006) beträgt das durchschnittliche Bruttogeldvermögen der österreichischen Haushalte 54.666 EUR (Median: 23.579 EUR).
Credit Suisse is reporting a wealth per adult of 91.321 USD in 2000 for Austria ...
More:
https://news.1rj.ru/str/SwitzerlandFacts/6
https://news.1rj.ru/str/SwitzerlandFacts/485
https://news.1rj.ru/str/SwitzerlandFacts/349
Correction related to a previous comment.
https://news.1rj.ru/str/FinanceFactsTelegram/8
The difference between 2 years in Allianz is 33.4k € (2017-2019) = 1.4k € each month (which seems a bit more realistic ...) or 51.5k € (2019-2021) = 2.1k € (which seems less realistic, considering the COVID crisis ... but people still wasting less money for useless things ...) and not 150k € like previously wrote (because we confused gross and net graphics).
Probably the biggest difference is that Credit Suisse is the only who is considering this:
2158329/5.463 means 395k as ø or 2158329/(5.463-1.261) 513k by excluding those with less than 1000 CHF
Meanwhile difference of 2 years is 100k $ vs. 51.5k €, which is still HUGE! between Credit Suisse and Allianz just as examples. Switzerland is reporting that people save around 753 CHF each month if they live alone and 2.2 - 2.3k if they live in 2 (with or without kids), means 1.1k CHF in 2017. This is pretty identical to 2011 where the values were 740 / 1800 (means if you live in a family you can save 200-250 CHF more in 6 years ...).
Of the 1.1 million households with children under 25 years (29% of households) one-sixth consist of lone parents, most often (83%) single mothers.
Let we say a person is saving 1000 CHF (between 1 and 2 people families), this means 12-13k each year.
So in conclusion: you cannot trust any type of stats you see, even the swiss stats are not 100% true, but for sure Credit Suisse is telling bullshit. Smart people don't keep money at Credit Suisse at all and they don't keep money just on one bank.
https://news.1rj.ru/str/FinanceFactsTelegram/8
The difference between 2 years in Allianz is 33.4k € (2017-2019) = 1.4k € each month (which seems a bit more realistic ...) or 51.5k € (2019-2021) = 2.1k € (which seems less realistic, considering the COVID crisis ... but people still wasting less money for useless things ...) and not 150k € like previously wrote (because we confused gross and net graphics).
Probably the biggest difference is that Credit Suisse is the only who is considering this:
2158329/5.463 means 395k as ø or 2158329/(5.463-1.261) 513k by excluding those with less than 1000 CHF
Meanwhile difference of 2 years is 100k $ vs. 51.5k €, which is still HUGE! between Credit Suisse and Allianz just as examples. Switzerland is reporting that people save around 753 CHF each month if they live alone and 2.2 - 2.3k if they live in 2 (with or without kids), means 1.1k CHF in 2017. This is pretty identical to 2011 where the values were 740 / 1800 (means if you live in a family you can save 200-250 CHF more in 6 years ...).
Of the 1.1 million households with children under 25 years (29% of households) one-sixth consist of lone parents, most often (83%) single mothers.
Let we say a person is saving 1000 CHF (between 1 and 2 people families), this means 12-13k each year.
So in conclusion: you cannot trust any type of stats you see, even the swiss stats are not 100% true, but for sure Credit Suisse is telling bullshit. Smart people don't keep money at Credit Suisse at all and they don't keep money just on one bank.
Plus remember that ø data is saying anything about the real situation of each family. Especially because ø get huge influenced by people with high salaries.
1+3+4+6+6+7+8 = 35
Mean = 35/7 = 5
Median means (1 3 4) 6 (6 7 8) = in the middle, so not (1+3+4+6 = 14) 6 (7+8 = 15)
In case there is just 1x6 then we get (1 3) (4 6) (7 8) —> (4+6)/2 = 5 as median and /(1+3+4+6+7+8)/6 = 4.8 as mean
1+3+4+6+6+7+8 = 35
Mean = 35/7 = 5
Median means (1 3 4) 6 (6 7 8) = in the middle, so not (1+3+4+6 = 14) 6 (7+8 = 15)
In case there is just 1x6 then we get (1 3) (4 6) (7 8) —> (4+6)/2 = 5 as median and /(1+3+4+6+7+8)/6 = 4.8 as mean
Why %GDP just bullshit is, like ø or other stats? Let we check some examples.
GDP Q2 2023: 26,834.953 (billion) https://perma.cc/3SHQ-CK82
Gross domestic product per capita 2022: 76,328 https://perma.cc/4QFM-ZT2M
Federal Debt: Total Public Debt as Percent of Gross Domestic Product Q1 2023: 118.57786 https://perma.cc/7Y6Q-7VUB
this means 118.57786/100*26834.953 = 31820
Now let we use 32 trio as public debt https://perma.cc/9KWV-M5FQ https://perma.cc/Q93T-XQVL, means 32000000000000/31820/1000000000=1.005 which make sense, since debt as % GDP is total debt / total GDP ....
Let we check per capita, this means 118.57786/100*76328 = 90508
Let we do the same 32000000000000/90508 = 353559000
Well, population in America is "In CBO’s projections, the U.S. population increases from 336 million people in 2023 to 373 million people in 2053" https://perma.cc/6WKN-HSEV ... fine, so it's exactly the amount of population in USA, if we consider various data errors ... but this still doesn't say anything!
Total Ages 18 And Over: 260,836,730
Ages 65 And Over: 57,794,852
18 To 24: 31,328,131
https://perma.cc/T6RX-EY95
Let we redo the math:
(32000000000000 / (260836730-57794852-31328131)/76328)*100 and we get 244% if we exclude kids, elderly and students! or 206.5% when students are considered or 160.7% if elderly are considered.
AGAIN, DOESN'T MAKE ANY SENSE TO CONSIDER WHOLE POPULATION, IF ELDERLY, STUDENTS AND KIDS ARE NOT PAYING TAXES ... (OR JUST FEW...)!
The Maastricht Treaty specifies reference values for the general government sector of the various EU Member States: 3% of gross domestic product (GDP) for the government deficit and 60% of GDP for government debt (the Maastricht criteria) https://perma.cc/CD76-Y5CB
Without students, kids and elderly there is just 50% of the total population .... 60% if we consider the students ... Remember that to get a bachelor you can have more than 25 years, like we said previously
So, can we say a country has just x % of GDP dept? NOPE! because is much worse in reality ...
GDP Q2 2023: 26,834.953 (billion) https://perma.cc/3SHQ-CK82
Gross domestic product per capita 2022: 76,328 https://perma.cc/4QFM-ZT2M
Federal Debt: Total Public Debt as Percent of Gross Domestic Product Q1 2023: 118.57786 https://perma.cc/7Y6Q-7VUB
this means 118.57786/100*26834.953 = 31820
Now let we use 32 trio as public debt https://perma.cc/9KWV-M5FQ https://perma.cc/Q93T-XQVL, means 32000000000000/31820/1000000000=1.005 which make sense, since debt as % GDP is total debt / total GDP ....
Let we check per capita, this means 118.57786/100*76328 = 90508
Let we do the same 32000000000000/90508 = 353559000
Well, population in America is "In CBO’s projections, the U.S. population increases from 336 million people in 2023 to 373 million people in 2053" https://perma.cc/6WKN-HSEV ... fine, so it's exactly the amount of population in USA, if we consider various data errors ... but this still doesn't say anything!
Total Ages 18 And Over: 260,836,730
Ages 65 And Over: 57,794,852
18 To 24: 31,328,131
https://perma.cc/T6RX-EY95
Let we redo the math:
(32000000000000 / (260836730-57794852-31328131)/76328)*100 and we get 244% if we exclude kids, elderly and students! or 206.5% when students are considered or 160.7% if elderly are considered.
AGAIN, DOESN'T MAKE ANY SENSE TO CONSIDER WHOLE POPULATION, IF ELDERLY, STUDENTS AND KIDS ARE NOT PAYING TAXES ... (OR JUST FEW...)!
The Maastricht Treaty specifies reference values for the general government sector of the various EU Member States: 3% of gross domestic product (GDP) for the government deficit and 60% of GDP for government debt (the Maastricht criteria) https://perma.cc/CD76-Y5CB
Without students, kids and elderly there is just 50% of the total population .... 60% if we consider the students ... Remember that to get a bachelor you can have more than 25 years, like we said previously
So, can we say a country has just x % of GDP dept? NOPE! because is much worse in reality ...
This picture show exactly why ø is shit! Near 23 mio millionaires in USA (7%) we have 43 mio people living in poverty (12%), 9.8 mio unemployed (3%), 8.7 mio disabled (2.5%), 38% are paying taxes, 50% do a job (like previously wrote), but 16% part time, etc. and such stats are still saying nothing, because what does it mean poverty for each single family, etc ...
Remember, stats are just good for comparison, otherwise are simply shit you cannot trust or give too much value ...
Median income is even lower than GDP
Remember, stats are just good for comparison, otherwise are simply shit you cannot trust or give too much value ...
Median income is even lower than GDP
Germany:
1991: 731 bio debts 39%
2000: 1155 bio debts 59.3% https://perma.cc/LUA4-MJRA
2010: 2113 bio debts 82,4% https://perma.cc/34XS-BMEG
2012: 2227 bio debts 81.1%
2017: 2119-2131 bio debts 65.2-65.3%
2019: 2053-2069 bio debts 59.6-59.8%
2022: 2566 bio debts 66.4% https://perma.cc/BV7Y-W99F
Biggest record was reducing that by 174 bio between 2012 and 2019, by increasing that +497 bio during COVID / War (2019-2022)
Germany Public Debt https://perma.cc/396Z-789J
Public debt of the last 21 years in billions of USD https://perma.cc/LUA4-MJRA
Germany: National debt from 2018 to 2028 https://perma.cc/29LN-4TYK
1991: 731 bio debts 39%
2000: 1155 bio debts 59.3% https://perma.cc/LUA4-MJRA
2010: 2113 bio debts 82,4% https://perma.cc/34XS-BMEG
2012: 2227 bio debts 81.1%
2017: 2119-2131 bio debts 65.2-65.3%
2019: 2053-2069 bio debts 59.6-59.8%
2022: 2566 bio debts 66.4% https://perma.cc/BV7Y-W99F
Biggest record was reducing that by 174 bio between 2012 and 2019, by increasing that +497 bio during COVID / War (2019-2022)
Germany Public Debt https://perma.cc/396Z-789J
Public debt of the last 21 years in billions of USD https://perma.cc/LUA4-MJRA
Germany: National debt from 2018 to 2028 https://perma.cc/29LN-4TYK