War5oldier

joined 1 day ago
 

Putting it into perspective: the Swiss Franc is backed by mutual trust which is something money can't buy (investors have confidence on economic stability during times of crisis) since it's not pegged to another currency or gold despite them having gold reserves. They even have a 1000 CHF bill ($1,269) so it's a strong currency in that sense, they barely circulate it outside.

Do YOU consider the US Dollar a safe haven currency? If it were: it would've received the same status as the Swiss Franc. The reason why CHF is strong is due their trust & confidence alongside a stable economical & political system, put it in comparison: how many Americans have confidence in their own currency? Does the USA have a "truly" stable political system?

The thing is: Switzerland is neutral, meaning they have no incentive whatsoever on becoming belligerents in foreign wars (something the USA can't stay away from since they spend a LOT of money on the military). Their national debt is lower than it is in USA (140m CHF / ~$179m) while in comparison: America's debt has ballooned to around $38,200,000,000,000 if I recall.

It's also tied to their monetary policy (which is highly trusted) hence why they managed to keep inflation relatively low but inflation in America as a joke (no need to say how bad it is). Their interest rate is 0% (can't be said for US Federal Reserve: 3.75%) as Switzerland's goal is to ensure price stability long term while the USA is more on promoting maximum employment.

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submitted 1 day ago* (last edited 11 hours ago) by War5oldier@lemmy.world to c/askuk@feddit.uk
 

Like, what’s the point of its existence when that denomination is difficult to come by since ATMs don’t disperse them. I mean, will they still refuse a £50 note when paying for a £45 purchase? They go full counterfeit detection mode just because an individual has it despite that being the real one (not fake). Also, why does the Bank of England keep printing more of that when they know people barely use it anyway?

 

I know that bullying is universal worldwide, but the subculture around it differs, as in Japan it seems to be more psychological rather than physical, even if you stand out from the norm or customs.

For instance even you're not Japanese or mixed race (like that of another nationality), is a factor that can trigger bullying, you'll become bait for the tormentors. Seeking actual support is something they're afraid of as the bullies threaten the victim.

Also it does not help to how teachers or adults deal with it, they literally say amongst the lines of「無視」(ignore) Well... that will be useless when it's escalated to the breaking point. Teachers do not use the right approach, even in front of the entire class indirectly teasing or chastising him or her, there are cases that they are the bullies themselves or an accesssory.

Even if the victim reports it to both parents or the school body itself, most of the time it's brushed off as they don't give a f*ck about it, even at the most severe cases. A common outcome is that the victim ends up thinking about 自殺 (suicide) rather than actually dealing with it, the whole idea about it has been part of the culture for centuries due to seppuku.

In most cases, media only discusses it if the victim is deceased, when the school is questioned about it, they often say "We're not aware of it." When they were but decide to put it under the rug. Also, the mindset most people have is "Well... we're used to it. There's no point in reporting it when nothing is going to happen."

I've noticed that in both countries most of the tormentors are teenage girls rather than boys, they surround the victim trying to sway them away from anyone who can intervene. The subject matter of bullying in countries like Japan (or South Korea) is overlooked and brushed aside as they don't really address it sincerely, the stigma of mental health is dire as emotional weakness is frowned upon.

 

I know that bullying is universal worldwide, but the subculture around it differs, as in Japan it seems to be more psychological rather than physical, even if you stand out from the norm or customs.

For instance even you're not Japanese or mixed race (like that of another nationality), is a factor that can trigger bullying, you'll become bait for the tormentors. Seeking actual support is something they're afraid of as the bullies threaten the victim.

Also it does not help to how teachers or adults deal with it, they literally say amongst the lines of「無視」(ignore) Well... that will be useless when it's escalated to the breaking point. Teachers do not use the right approach, even in front of the entire class indirectly teasing or chastising him or her, there are cases that they are the bullies themselves or an accesssory.

Even if the victim reports it to both parents or the school body itself, most of the time it's brushed off as they don't give a f*ck about it, even at the most severe cases. A common outcome is that the victim ends up thinking about 自殺 (suicide) rather than actually dealing with it, the whole idea about it has been part of the culture for centuries due to seppuku.

In most cases, media only discusses it if the victim is deceased, when the school is questioned about it, they often say "We're not aware of it." When they were but decide to put it under the rug. Also, the mindset most people have is "Well... we're used to it. There's no point in reporting it when nothing is going to happen."

I've noticed that in both countries most of the tormentors are teenage girls rather than boys, they surround the victim trying to sway them away from anyone who can intervene. The subject matter of bullying in countries like Japan (or South Korea) is overlooked and brushed aside as they don't really address it sincerely, the stigma of mental health is dire as emotional weakness is frowned upon.

 

The scenario is like this: boyfriend has unpaid debt (either from loansharks or the bank themselves) however he died from a terminal illness before debt collectors can get to him, but does his death automatically "erase" the unpaid debt he owes as he's gone?

The thing is, they can't pursue him as he's literally dead. The contract he signed prior to death only bares his name (meaning the debt can't be passed down to either his girlfriend or family) as he's the only signatory listed on paper (while his family are not signatories).

Debt collectors or loansharks show up to his residence only finding out from his girlfriend that he passed away (she has his death certificate to prove it), she reiterates that his debt can't be paid the "conventional" way as he's no longer alive to do that.

 

I mean, due to the war with Iran: will these currencies (mentioned below) lose value because the strait of Hormuz is under threat despite that route being vital for the transportation of crude oil worldwide?

I'm mainly talking about:

  • UAE Dirham
  • Kuwaiti Dinar
  • Bahraini Dinar
  • Qatari Riyal
  • Saudi Riyal
  • Omani Rial

The thing is that, these currencies are known for being stable due to the demand for crude oil (which ensures demand for their currency), strict monetary polcies from central banks & pegged to the USD.

To put into perspective: the Ukrainian Hryvnia has been devalued by 25% following Russia's invasion deeming it a weaker currency than it used to be. The thing is with let's say the Omani Rial, it's pegged to the USD (same with both QAR & AED) while KWD is pegged to an undisclosed currency basket. Oil is the key player as to why GCC currencies are strong.

With the strait of Hormuz under threat as Iran is attempting to obstruct vessels transporting crude oil, would that mean let’s say the Qatari Riyal will lose value? For instance: the Kuwaiti Dinar is a strong currency but with recent events (like fighter jet being shot down by an Iranian drone or Iran themselves attacking US bases situated in Kuwait) will that status change?