Why Billionaires Worship Swiss Banks

Over the past few hundred years, Swiss banks have become notorious for assisting rich individuals in tax evasion money laundering schemes, or at least that’s what Hollywood would have us believe. In reality though, it’s extremely difficult to commit such activities through Swiss banks. Swiss banks utilize large amounts of screening to ensure that your money was indeed made through legitimate sources. Furthermore, the Swiss have become more and more cooperative with foreign authorities over the past several years. Despite this though, Swiss banks remain irresistible for billionaires around the world. One of the top reasons for this attraction is a lack of inflation. As the Federal Reserve and the European Central bank print trillions of dollars every year, Switzerland pays extremely close attention to their monetary policy. They maintain near-zero inflation rates and this is extremely evident in the historical currency exchange rates. This video explains the various pros and cons of Swiss banks and why