What Are the Safe Places for Keeping Cash?
What Are the Safe Places for Keeping Cash?
By Jennifer VanBaren
Store your cash somewhere safe where burglars are not likely to look.
If you have cash at home and are looking for a safe place to put it, consider one of these options. Some people prefer hiding cash in their homes, in a safe spot where no one will find it. Others prefer putting their cash in the bank where they don't have to worry about it. Before putting your cash somewhere, make sure that it will be safe, so you can be free from worrying that something will happen to it.
What Are the Safe Places for Keeping Cash?
By Jennifer VanBaren
Store your cash somewhere safe where burglars are not likely to look.
If you have cash at home and are looking for a safe place to put it, consider one of these options. Some people prefer hiding cash in their homes, in a safe spot where no one will find it. Others prefer putting their cash in the bank where they don't have to worry about it. Before putting your cash somewhere, make sure that it will be safe, so you can be free from worrying that something will happen to it.
Fireproof Safe
Put it in a fireproof safe. Cash is made from paper and will burn if exposed to fire, therefore if you are going to put it in a safe, be sure the safe is fireproof. Many companies sell safes strictly for storing cash; which are called cash safes. Theses safes protect the cash from fire, if a fire occurs in your home. It also protects the cash from burglars.
Safe Deposit Box
Store it in a safe deposit box. If you prefer not to store the cash in your home, rent a safe deposit box at a bank. No one will be able to break into the box, and the boxes are semi-fireproof. The only downside with a safe deposit box is that with most banks the boxes are not insured.
Bank Account
Deposit the cash in a bank. Choose an account that is FDIC insured. This insurance protects your money up to $100,000. This is a very safe option for depositing money because even if the bank goes bankrupt, the government will reimburse you for your deposit.
There are numerous options with accounts that offer FDIC insurance, including savings accounts, checking accounts, money market accounts and certificates of deposit. Most of these types of accounts pay the depositor interest on money placed into these accounts. U.S. Treasury bonds are also a safe investment for storing cash. The government, as of 2011, has never defaulted on bonds. They are a good investment that earns a small yield too.
To continue reading, please go to the original article here:
The Best Way to Keep Paper Currency From Becoming Moldy
The Best Way to Keep Paper Currency From Becoming Moldy
By Jenn Foreacre
Mold is a live fungus that gets its food by dissolving food materials with secreted digestive enzymes. Mold is naturally attracted to dark, moist places, such as basements, bathrooms and heavily wooded areas. Mold causes damage and deterioration, and it is also bad for your health.
The best way to prevent paper currency from developing mold is to keep it cool, dry and away from dark places that naturally contain mold.
The Best Way to Keep Paper Currency From Becoming Moldy
By Jenn Foreacre
Mold is a live fungus that gets its food by dissolving food materials with secreted digestive enzymes. Mold is naturally attracted to dark, moist places, such as basements, bathrooms and heavily wooded areas. Mold causes damage and deterioration, and it is also bad for your health.
The best way to prevent paper currency from developing mold is to keep it cool, dry and away from dark places that naturally contain mold.
Mold Prevention
Find a cool, dry place to store your paper currency. Closets, dresser drawers and boxes that will be put into storage are all ideal, as long as they are kept as clean and as dry as possible.
A clean area is one that is free of dirt and debris that could eventually harbor mold, or contain enough moisture to attract mold. Keep the air dry by ensuring that any outside drainage is sufficient and by using caulk or a silicone sealant to seal up any cracks around doors, windows and water pipes.
Keep the temperature on the cool side, as cool air doesn't hold as much moisture as warm air does. Run an air conditioner or a dehumidifer as needed. An air condition produces cool air by removing moisture from the environment and then cooling it.
Dehumidifers simply remove moisture from the air. Dehumidifers are available in varying sizes; make sure to choose one that is appropriate for the size of the room you wish to dry out. For small storage areas, consider using a product such as Damp Rid (see Resources), which uses special moisture-attracting pellets to remove water from the air.
Store paper currency in special plastic envelopes known as Mylar holders. Unlike normal plastic bags, storage bags and plastic wrap, Mylar holders do not contain any PVC materials, which over time can deteriorate and release chemicals and gases that can damage paper currency and lead to its deteroriation.
Place a single sheet of paper currency inside each Mylar holder, and carefully stack multiple Mylar holders together. Secure with a rubber band or a tie, and place the protected paper currency in a cool, dry place.
To continue reading, please go to the original article here:
https://homesteady.com/how-6151037-prevent-mold-bread-box.html
12 Royal Rules King Charles III Has to Follow
12 Royal Rules King Charles III Has to Follow
Nakeisha Campbell Fri, October 14, 2022
It's no secret that the late Queen Elizabeth ran a tight ship when it came to royal protocol, from avoiding garlic at the dinner table (yes, you read that right) to refraining from PDA. Not to mention, she also had discreet signals and unique style choices. But now that her son, King Charles III, has ascended the throne, we’re curious to know: Which royal rules must he abide by?
1. He Can’t Sign Autographs
You’ll never see His Majesty grab a pen to sign autographs for his fans because it could potentially lead to forgeries or, worse yet, a form of identity theft. So, if you’re fortunate enough to meet the monarch, you might want to think twice before asking for a signature.
12 Royal Rules King Charles III Has to Follow
Nakeisha Campbell Fri, October 14, 2022
It's no secret that the late Queen Elizabeth ran a tight ship when it came to royal protocol, from avoiding garlic at the dinner table (yes, you read that right) to refraining from PDA. Not to mention, she also had discreet signals and unique style choices. But now that her son, King Charles III, has ascended the throne, we’re curious to know: Which royal rules must he abide by?
1. He Can’t Sign Autographs
You’ll never see His Majesty grab a pen to sign autographs for his fans because it could potentially lead to forgeries or, worse yet, a form of identity theft. So, if you’re fortunate enough to meet the monarch, you might want to think twice before asking for a signature.
2. The Same Goes For Selfies
In 2017, when newly engaged Prince Harry and Meghan Markle greeted crowds in Nottingham, Markle reportedly declined to take a selfie with fans because she wasn’t allowed to do so. Daily Mirror Royal Correspondent Victoria Murphy commented on the interaction, noting that the duchess was "learning the royal ropes." So, while some bystanders have captured selfies with royals in the past, His Majesty is not supposed to snap selfies with fans.
3. He Must Accept All Gifts
Regardless of what he receives, the king is required to accept all gifts graciously. In fact, it’s a general rule that all members of the royal family should take anything they’re given at engagements.
4. The King Must Wait A Year Before His Coronation
Although Charles III has already ascended the British throne, the monarch must wait 12 months before he’s officially crowned in the coronation. It’s already been confirmed that the crowning ceremony will take place on May 6, 2023.
5. He Can’t Eat Food From Strangers
The king can’t accept any food or beverages from strangers, especially at unsanctioned events. The rule is enforced to protect His Majesty from getting sick or being poisoned.
6. He Must Steer Clear Of Shellfish
OK, it’s technically not a requirement, but the rule is still strictly followed by several royals because shellfish can increase the likelihood of getting food poisoning. (Makes total sense.)
7. And Follow Royal Dining Etiquette
To continue reading, please go to the original article here:
https://www.yahoo.com/lifestyle/12-royal-rules-king-charles-080000551.html
King Charles III Coronation Date Revealed
.King Charles III Coronation Date Revealed: What Happens And Will It Be A Bank Holiday?
Amira Arasteh Fri, October 14, 2022
King Charles III ascended the throne upon the death of Queen Elizabeth II in September, becoming the oldest new monarch in British history. While Britain came to the end of its national mourning period for the late Queen on Tuesday September 20 following her state funeral, the coronation of the new King will not take place until summer next year.
But when exactly is the coronation and what will it mean for both the monarchy and the rest of the country?
When did Charles become King?
King Charles III Coronation Date Revealed: What Happens And Will It Be A Bank Holiday?
Amira Arasteh Fri, October 14, 2022
King Charles III ascended the throne upon the death of Queen Elizabeth II in September, becoming the oldest new monarch in British history. While Britain came to the end of its national mourning period for the late Queen on Tuesday September 20 following her state funeral, the coronation of the new King will not take place until summer next year.
But when exactly is the coronation and what will it mean for both the monarchy and the rest of the country?
When did Charles become King?
Upon the death of Queen Elizabeth II on Thursday September 8, Charles officially became King.
However, it is tradition to wait for a sufficient period of time before crowning the new sovereign.
A large amount of preparation is also required to organise the ceremony.
The accession ceremony of King Charles III at St James's Palace - Jamie Lorriman/Daily Telegraph
When is the Coronation of King Charles III?
King Charles III's coronation is set to take place on Saturday May 6, 2023 at Westminster Abbey.
It is expected that the King will sign a proclamation formally declaring the date of the coronation at a meeting of the Privy Council later this year.
The late Queen's coronation took place on June 2, 1953, following her accession on 6 February 1952, over a year after she ascended the throne.
Will there be a bank holiday?
An additional bank holiday is not guaranteed for the coronation despite tradition, The Telegraph has learned.
The assumption that there would be an extra bank holiday is believed to have caused an "issue" with government planning, amid fears for the economy. One alternative option would be for an existing May bank holiday to be moved to mark the event.
It was reported earlier this year that the Government had modelled the cost of an extra bank holiday at £1.36 billion. But the accountants PwC believe this is an over-estimation and that the true cost is nearer to £831 million.
However, Jacob Rees-Mogg, the Business Secretary, has declared his support. "The coronation is an important symbolic act with constitutional resonance about the stability of our system," he said. "To have a day off for that is perfectly reasonable, and the effect on growth will not be enormous."
One option being considered by Whitehall officials is to create a new bank holiday on May 8, in addition to the existing one the previous week. The Prime Minister's official spokesman said: "All options remain on the table."
What will happen at the Coronation?
To continue reading, please go to the original article here:
https://www.yahoo.com/news/king-charles-iii-coronation-date-062509830.html
How Does the Government Regulate Exchange Rates?
.How Does the Government Regulate Exchange Rates?
By Kimberly Amadeo Updated on May 31, 2022 Reviewed by Robert C. Kelly
The government indirectly regulates exchange rates, because most currency exchange rates are set on the open foreign exchange market (forex). In some countries, like China, the exchange rate is fixed, and the government directly controls it. This control of the yuan, in turn, affects the U.S. dollar. The yuan is loosely pegged to the U.S. dollar.
How Does the Government Regulate Exchange Rates?
By Kimberly Amadeo Updated on May 31, 2022 Reviewed by Robert C. Kelly
The government indirectly regulates exchange rates, because most currency exchange rates are set on the open foreign exchange market (forex). In some countries, like China, the exchange rate is fixed, and the government directly controls it. This control of the yuan, in turn, affects the U.S. dollar. The yuan is loosely pegged to the U.S. dollar.
Government Influence
The U.S. government has various tools to influence the U.S. dollar exchange rate against foreign currencies. The nation's central bank—known as the Federal Reserve (Fed)—is an independent arm of the government. It indirectly changes exchange rates when it raises or lowers the fed funds rate—the rate banks charge to lend to each other.
For example, if the Fed lowers the rate, this drives down interest rates throughout the U.S. banking system and increases the supply of money, which tends to weaken the dollar relative to other currencies, given the anticipated inflationary pressure. The diminished rates also tend to weaken demand for dollar-denominated assets, which can have a knock-on effect on the value of the currency.
Treasury Department Role
The Treasury Department is a government agency that also indirectly affects the exchange rate. It prints more money. This printing increases the supply and weakens the dollar. It can also borrow more money from other countries. That's done by selling Treasury notes, which increases the supply of money and increases the U.S. debt, and both will send the dollar's value down.
The third government tool is the use of expansionary fiscal policies. Generally, these policies weaken the dollar, because they increase the supply of money. However, these policies can also improve economic growth, which tends to attract domestic and foreign investors to dollar-denominated assets. This demand can often overshadow the expansion in the supply of dollars.
To continue reading, please go to the original article here:
The Global Settlements’ Often Overlooked Consequence
.The Global Settlements’ Often Overlooked Consequence
OCTOBER 10, 2022 Information Briefing #178 by whitehatauxiliaries.
In Featured Article. 17 Comments on Information Briefing #178
For 30 years, the Temple Head of Asiatic dynastic Elders sought out one entity, or channel, with whom they could achieve the goals which comprise the purposes of the Global Settlements. Such a search ended with complete and total trust placed in one London source. 30 years – it took that long.
The Global Settlements’ Often Overlooked Consequence
OCTOBER 10, 2022 Information Briefing #178 by whitehatauxiliaries.
In Featured Article. 17 Comments on Information Briefing #178
For 30 years, the Temple Head of Asiatic dynastic Elders sought out one entity, or channel, with whom they could achieve the goals which comprise the purposes of the Global Settlements. Such a search ended with complete and total trust placed in one London source. 30 years – it took that long.
Such an entity had to possess the requisite skills to immediately harmonize with longstanding dynastic ethos operating in very ancient traditions, and to assist bringing them forward into a modern world of assets with which they could affect the releases of immense off-ledger gold reserves, and do so safely and legitimately.
This meant one thing: Such an entity would have to have the power, and cultural relationships behind it, to effect releases in the face of several magnitudes of monopolistic resistance – the kind of resistance that has started wars, conducted assassinations, suborned bribes, corrupted laws and usurped rights – all to retain its grip on power and to remove any and all threats to its continuing existence.
More importantly, the entity would have to ensure the licensed and controlled beneficial use of the assets, in a shared wealth creating partnership, where both sides benefit. Funds used will be fit for purpose to serve need, not greed. Societies can then be enhanced and not plundered.
Planned Societies with no oligopolies or oligarchs. Educating mankind in universal truths so that a new species of mankind can emerge. True cosmopolitans, worthy of expanding its frontiers into our solar system to ethically and responsibly manage the abundant resources it contains.
The entities have a complete and total understanding of the opposing forces, and what they are capable of. Their tactics are well known. And the opposition knows the consequences, to them, of successfully unleashing a new financial system, out of their control, which has sufficient material backing to utterly destroy the Jekyll Island aberration. More on this a little later.
You may think such a power-wielding entity would be uninterested to move amongst common men, not to mention ever discuss this monumental undertaking openly (within limits). But, to our great fortune, the entity is truly humble and very generous with time spent to assist WHA in understanding the realities of this task and to dispel the many myths, embellishments and outright lies and falsehoods about it that are used by opportunists to separate people from their money and their senses.
You know the tales: All the NESARA, Galactic Federation, Restore The Republic, Q, Great Reset, Dinar riches, Annunaki-took-our-gold, and, an-itinerate-Irishman-in-Jakarta-is-going-to-fund-the-world kind of things.
By some concatenation of fortuities we made contact with the right people and established trust. This trust has allowed common men rare insight into a world where the decisions that move nations are made and effected. I know that sounds like a real hoot, a knee slapper and a poke in the ribs.
But, it’s true. And here we, and they, are.
And since it is not often someone wielding the sole trust of key Asiatic gatekeepers with immense gold reserves comes aboveboard to exchange information with “little people”, there are some who may be tempted to think such a person as, “just another dude who claims he knows an Asian with hidden gold”, kind of thing. Well, rest assured.
WHA has been shown still unrevealed proof of their sovereign access; fully corroborated and unmistakably authentic. Don’t let the at times jocular, easygoing nature fool you. It’s quite normal for people of high station to possess the fondness of humor too!
Now, the part about the consequence.
At this time, US Treasury persons and Rothschilds emissaries are in Seoul trying very hard to circumvent the British/Asiatic alliance and sweep the board. Typical.
But, the Temple Elder Head WILL NOT MEET THEM. And, why not? Because the trusted party in London said not to. They are left to treat with inconsequential underlings. They had their chances in New York last December, and blew it. Trying as they are, they will get nowhere in Seoul.
So, if the Seoul gambit is out for the FED, what is the plan for a release route?
Enter, BRICS.
An alternative release, via BRICS, is developing and potentially will be in play. An end-run around the US FED. If the key Elders okay the London lions to proceed along those lines, in concert with huge diplomatic delicacy, it’s GAME OVER for the FED and banking as we know it.
The center of power shifts, and suddenly an “Ethical Center for International Finance” is established. Long needed and truly long overdue. After decades of plunder and thievery by a minority tapeworm species, 6,000 years of key planetary financial control, ends. What this may mean for the USD’s preeminent role is probably not going to augur well in the end, but it will for mankind.
The key change will be the dismantling of international finance’s corrupting influence over political processes. The focus will be to ensure that the economy exists to serve the people, not for the economy to serve capital interests, as is the case now.
Capital should exist for the economy so the economy can exist for the people, and not to exploit them. The goal is to raise living standards, and not to plunder nations while filling the pockets of banking cartels and their political puppets.
Those who see this elite new world uncloaking via BRICS will also sense the unmistakable vision of something new in international finance: The highest standards and integrity, whereas before, such things were punchlines in the Rothchild’s tea parlors.
Such an operation is beyond low profile. That’s for a good reason. There are many other dynamic aspects to this. Safeguards, rules, procedures, etc. Too much to cover here, and probably best not to disclose anyway. Just know that the right entity for the job, has that role. One entity. No other.
We are privileged to see the depth of global communications and the real progress, even as necessarily limited as it is. The scale of the Global Settlements is epic. Few really understand just how epic it is and will be.
The stakes in the game are very, very high. But so will be the rewards if the Asiatic/London congeries of dynastic alliances carries the day. We will continue to bring any news about this to the extent possible.
In closing, know that your comments, views and informational contributions at WHA are read, assessed and factored in to future planning where appropriate. Nothing is missed. You are being read by those same incredibly brave and hard working entities who are on the front lines, pressing the attack.
Your ideas are given serious consideration. Don’t think otherwise. It’s your forum, and we thank the many valuable contributors we have here. We have the freedom to express thoughts, opinions and ideas that other “woke” and namby-pamby butt-hurt intellectually insipid sites would reel from as they run screaming for a safe space. They wear blinders equal to the cuckold’s horns.
Thank you, again. As we always remind you, be ready for anything.
Stay tuned. WHA S*P*Q*R
https://whitehatauxiliaries.com/2022/10/10/information-briefing-178/
14 Surprising Facts About the British Royal Family’s Money
.14 Surprising Facts About the British Royal Family’s Money
Jami Farkas Sat, September 24, 2022
Even though the British royal family holds only symbolic power, King Charles III and his heirs still make millions.
The new king and sons Prince William and Prince Harry all make money from personal sources of wealth. As working members of the royal family, King Charles and Prince William also benefit from government money as well as from the income from estates that have been passed down through generations. Want to learn more about the British royal family? Click through to learn interesting facts about the royal family's wealth.
The King Receives a Sovereign Grant From Taxpayer Money.
14 Surprising Facts About the British Royal Family’s Money
Jami Farkas Sat, September 24, 2022
Even though the British royal family holds only symbolic power, King Charles III and his heirs still make millions.
The new king and sons Prince William and Prince Harry all make money from personal sources of wealth. As working members of the royal family, King Charles and Prince William also benefit from government money as well as from the income from estates that have been passed down through generations. Want to learn more about the British royal family? Click through to learn interesting facts about the royal family's wealth.
The King Receives a Sovereign Grant From Taxpayer Money.
The sitting monarch receives a Sovereign Grant from the HM Treasury to pay for the salaries of household staff, official travel expenses and the upkeep of the palaces.
The grant comes from profits from the Crown Estate. In the 2021-22 budget, the Sovereign Grant was £86.3, equivalent to £1.29 per person, the BBC reported. In U.S. dollars, those figures equal about $98.5 million and $1.50.
The Sovereign Grant Changes From Year to Year. The Sovereign Grant currently is equal to 25 percent of the Crown Estate's total profits, so when profits rise, so does the size of the grant.
The Crown Estate does not belong personally to the monarch or the royal family. It is managed by an independent group, and remaining 85% of profits go to the treasury to benefit all residents of the United Kingdom. The holdings of the Crown Estate are worth more than £7.3 billion -- $8.3 billion in U.S. money - and includes everything from beef farms to facilities for stone mining.
The King Gets Additional Income From the Duchy of Lancaster.
The Duchy of Lancaster refers to the portfolio of land, property and assets held in trust for the king or queen of England, and it provides the head of the royal family with an independent source of income outside of the Sovereign Grant.
For the year ending March 2022, the Duchy of Lancaster delivered a net income of £24.0 million ($27.4 million).
The King Also Has His Own Personal Wealth and Income.
Other sources of money for King Charles III are the personal investment portfolio and private estates, which include the Balmoral and Sandringham Estates that have been passed to him since the death of Queen Elizabeth II on Sept. 8. Forbes valued the inheritance at $500 million. The royal palaces and Crown Jewels are not part of his personal wealth, as they must be passed on to his successor and are not his to sell.
King Charles III has the highest British royal family net worth at $600 million and is by far the richest member of the royal family.
Prince William Gets His Money From the Duchy of Cornwall.
While the king gets income from the Duchy of Lancaster, the Prince of Wales, William, gets his income from the Duchy of Cornwall.
The estate, which is one of the oldest and largest in Britain, is spread throughout England and contains agricultural, commercial and residential property. The Duchy also includes a financial investment portfolio.
To continue reading, please go to the original article here:
https://news.yahoo.com/14-surprising-facts-british-royal-192418410.html
If King Charles III Stepped Down
.If King Charles III Stepped Down
Here's what would happen if King Charles III stepped down and handed the throne to Prince William
Maria Noyen Sat, September 24, 2022
King Charles III has not indicated that he ever plans to renounce the throne. Given his age and historically low popularity in the UK, however, it remains a possibility.
Insider spoke with a royal historian about what would happen if Charles stepped down as king.
The UK is mourning the loss of a queen that reigned for 70 years while also welcoming a king that spent the same amount of time preparing to replace her.
From the outside, the reign of King Charles III appears to have gotten off to a shockingly good start. In his first speech, he made his intention to follow in his mother's footsteps crystal clear.
"As the Queen herself did with such unswerving devotion, I too now solemnly pledge myself, throughout the remaining time God grants me, to uphold the constitutional principles at the heart of our nation," he said.
If King Charles III Stepped Down
Here's what would happen if King Charles III stepped down and handed the throne to Prince William
Maria Noyen Sat, September 24, 2022
King Charles III has not indicated that he ever plans to renounce the throne. Given his age and historically low popularity in the UK, however, it remains a possibility.
Insider spoke with a royal historian about what would happen if Charles stepped down as king.
The UK is mourning the loss of a queen that reigned for 70 years while also welcoming a king that spent the same amount of time preparing to replace her.
From the outside, the reign of King Charles III appears to have gotten off to a shockingly good start. In his first speech, he made his intention to follow in his mother's footsteps crystal clear.
"As the Queen herself did with such unswerving devotion, I too now solemnly pledge myself, throughout the remaining time God grants me, to uphold the constitutional principles at the heart of our nation," he said.
Charles, now aged 73, is the oldest person to become king in British history. In the years before Queen Elizabeth II died, speculation mounted that she may have been contemplating stepping down and handing the throne to Charles.
That said, the decades Charles spent as a prince saw his popularity among the public nearly decimated, especially following his divorce from Princess Diana in 1996. As recent as 2021, it led to a desire among the British public for Prince William to succeed Queen Elizabeth II instead of his father, according to a poll on behalf of Newsweek.
Insider spoke to royal experts about what would happen in the event Charles stepped down and what it would mean for the monarchy's future.
Charles couldn't simply step away from the throne
There are two scenarios in which Charles is alive but no longer king, royal historian Marlene Koenig told Insider.
The first comes under the Regency Act, Koenig said, which could be triggered if Charles was physically incapacitated, meaning he could no longer speak or move. Dr. Bob Morris, an honorary senior research associate at UCL's Constitution Unit, told Insider the monarch's inability to carry out their duties would also have to be certified by various people including their spouse.
If that occurred, the next in line – Prince William – would become regent. "He takes over and has all the powers of the king, except some matters, which are reserved," Morris said.
However, there is another, more controversial scenario — abdication. Koenig said it's highly unlikely to ever occur given Charles' intention to follow in his mother's footsteps.
In any case, abdication is a complex process. Charles couldn't simply decide to abdicate by himself. To make it official, he would first need UK Parliament to pass an Act of Abdication, Koenig said.
"He can't just say, 'OK, here it's yours, William.' Nope. The succession to the throne is legislated by parliament," she added.
To continue reading, please go to the original article here:
https://news.yahoo.com/heres-happen-king-charles-iii-100000649.html
Coins, Banknotes, and Stamps Featuring the Queen
.Coins, Banknotes, and Stamps Featuring the Queen
Here's What's Happening to All the Coins, Banknotes, and Stamps Featuring the Queen
Mehera Bonner Thu, September 22, 2022
The death of Queen Elizabeth II is ushering in a lot of changes around England (for one, Charles is King now, lol) and some of said changes are more complicated than others. Charles moving into Buckingham Palace? Easy. Figuring out what to do with the billions of coins, banknotes, and stamps with the Queen's face on them? Not so much.
Queen Elizabeth reigned for 70 years, and as a result her face is on pretty much everything. According to The Guardian, there are four and a half billion sterling bank notes featuring Her Majesty's famous profile (worth £80 billion). And on top of that, the Queen features on bank notes of other countries including Canada, New Zealand, and other parts of the Commonwealth.
Coins, Banknotes, and Stamps Featuring the Queen
Here's What's Happening to All the Coins, Banknotes, and Stamps Featuring the Queen
Mehera Bonner Thu, September 22, 2022
The death of Queen Elizabeth II is ushering in a lot of changes around England (for one, Charles is King now, lol) and some of said changes are more complicated than others. Charles moving into Buckingham Palace? Easy. Figuring out what to do with the billions of coins, banknotes, and stamps with the Queen's face on them? Not so much.
Queen Elizabeth reigned for 70 years, and as a result her face is on pretty much everything. According to The Guardian, there are four and a half billion sterling bank notes featuring Her Majesty's famous profile (worth £80 billion). And on top of that, the Queen features on bank notes of other countries including Canada, New Zealand, and other parts of the Commonwealth.
So...what's the plan?
All the Notes and Coins Will Be Replaced Over Time
Eventually, King Charles's face will be on British currency, a process that is expected to take two full years at the very least. Per The Guardian, back in the day when changes between monarchs happened more often, it was "common" to have coins featuring different monarch's faces in the rotation. Plus, the Queen herself had multiple coin portraits done over the years, so it's not as if this is a new concept! As royal expert Jonathan Sacerdoti tells E! News, "It's not like suddenly the cash in our pockets isn't going to be worth anything. Those things will be phased out gradually."
So yeah: coins with the Queen's face on them will still be usable—as confirmed by the Royal Mint (which makes British coins) on its website. As they put it, "Yes, all United Kingdom circulating coins bearing portraits of Queen Elizabeth II remain legal tender and in circulation. Further information will follow."
The Bank of England also released a statement saying, “Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender."
So what about other countries with the Queen's face on coins? The Bank of Canada reportedly says, “There is no legislative requirement to change the design within a prescribed period when the Monarch changes," while Bloomberg reports that The Reserve Bank of New Zealand will roll out its stock coins featuring the Queen and then eventually make new ones with Charles. According to them, “It will be several years before we need to introduce coins featuring King Charles the Third, and longer until stocks of $20 notes are exhausted."
To continue reading, please go to the original article here:
https://news.yahoo.com/heres-whats-happening-coins-banknotes-142000887.html
Incentives: The Most Powerful Force In The World
.Incentives: The Most Powerful Force In The World
SEP 20, 2022 by Morgan Housel Collab Fund
By age 35, Akinola Bolaji had already spent two decades scamming people online, posing as an American fisherman to con vulnerable widows into sending him money. The New York Times asked the Nigerian how he felt about causing so much harm to innocent people. He replied:
“Definitely there is always conscience. But poverty will not make you feel the pain.”
Scamming people is easier to justify in your head when you’re starving. It’s an extreme example of something everyone – you, me, everyone – is susceptible to and more influenced by than we want to admit: Incentives are the most powerful force in the world and can get people to justify or defend almost anything.
Incentives: The Most Powerful Force In The World
SEP 20, 2022 by Morgan Housel Collab Fund
By age 35, Akinola Bolaji had already spent two decades scamming people online, posing as an American fisherman to con vulnerable widows into sending him money. The New York Times asked the Nigerian how he felt about causing so much harm to innocent people. He replied:
“Definitely there is always conscience. But poverty will not make you feel the pain.”
Scamming people is easier to justify in your head when you’re starving. It’s an extreme example of something everyone – you, me, everyone – is susceptible to and more influenced by than we want to admit: Incentives are the most powerful force in the world and can get people to justify or defend almost anything.
When you understand how powerful incentives can be, you stop being surprised when the world lurches from one absurdity to the next. If I asked, “How many people in the world are truly crazy?” I might say, I don’t know, 3%-5%. But if I asked, “How many people in the world would be willing to do something crazy if their incentives were right?” I’d say, oh, easily 50% or more.
No matter how much information and context you have, nothing is more persuasive than what you desperately want or need to be true. And as Daniel Kahneman once wrote, “It is easier to recognize other people’s mistakes than our own.” What makes incentives powerful is now just how they influence other people’s decisions, but how blind we can be to how they impact our own.
A big thing here is recognizing that people are not calculators; they are storytellers. There’s too much information and too many blind spots for people to calculate exactly how the world works. Stories are the only realistic solution, simplifying complex problems into a few simple sentences.
And the best story always wins – not the best idea or the right idea, but just whatever sounds the best and gets people nodding their head the most. Ben Franklin once wrote, “If you are to persuade, appeal to interest and not to reason.” Incentives fuel stories that justify people’s actions and beliefs, offering comfort even when they’re doing things they know are wrong and believe things they know aren’t true.
True story about a guy I knew well: A pizza delivery man who became a subprime mortgage banker in 2005. Virtually overnight he could earn more per day than the earned per month delivering pizza. It completely changed his life.
Put yourself in his shoes. His job was to make loans. Feeding his family relied on making loans. And if he didn’t make those loans someone else would, so protesting or quitting felt pointless.
Everyone knew the subprime mortgage game was a joke in the mid-2000s. Everyone knew it would end one day. But the bar for someone like my friend to say, “This is unsustainable so I’m going to quit and deliver pizza again” is unbelievably high. It would be high for most of us. I didn’t blame him then, and I don’t blame him now.
A lot of people screwed up during the financial crisis. But too many of us underestimate how we ourselves would have acted if someone dangled enormous rewards in our face.
This goes up the food chain, from the broker to the CEO, the investors, the real estate appraiser, the realtor, the house flipper, the politician, the central banker – incentives lean heavily towards not rocking the boat. So everyone keeps paddling long after the market becomes unsustainable.
Sometimes the behaviors and outcomes are more extreme.
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The Rich Will Keep Getting Richer Even In The Face Of A Recession
.The Rich Will Keep Getting Richer Even In The Face Of A Recession, Especially In China, Credit Suisse Says
Chloe Taylor, Tristan Bove Tue, September 20, 2022
Even 2022’s eviscerated global stock markets and historic surge in interest rates worldwide won’t be enough to stop the millionaire mill from churning.
The number of millionaires in the world is set to hit 87 million by 2026, a 40% increase over the 62 million individuals with a net worth above $1 million in 2021, according to Credit Suisse’s annual Global Wealth Report, released on Tuesday, which found that global wealth growth is set to rebound despite a slowdown in 2022.
The Rich Will Keep Getting Richer Even In The Face Of A Recession, Especially In China, Credit Suisse Says
Chloe Taylor, Tristan Bove Tue, September 20, 2022
Even 2022’s eviscerated global stock markets and historic surge in interest rates worldwide won’t be enough to stop the millionaire mill from churning.
The number of millionaires in the world is set to hit 87 million by 2026, a 40% increase over the 62 million individuals with a net worth above $1 million in 2021, according to Credit Suisse’s annual Global Wealth Report, released on Tuesday, which found that global wealth growth is set to rebound despite a slowdown in 2022.
Emerging markets and middle-income countries will be the primary drivers of global growth over the next four years, the report found. Leading the pack in growth speed—despite years of COVID-related lockdowns and forecasts of a slowing economy—will be China, where the number of millionaires is set to double in the next four years.
The number of Chinese millionaires is set to grow from 6.2 million in 2021 to 12.2 million by 2026, the report said, a nearly 97% increase. While the U.S. is set to retain its throne as the country with the most millionaires in 2026—with 27.7 million—it will only be a 13% increase over 2021.
“We expect household wealth in China to continue to catch up with the United States, advancing the equivalent of 14 U.S. years between 2021 and 2026 to reach $119 trillion in real terms, similar to the United States level in 2019,” the report read.
In fact, the report said millionaires will be growing across the world, but it largely won't feel as good for them, thanks to inflation.
Inflation set to create millions of millionaires
In the Report, Credit Suisse predicted that the number of millionaires worldwide would exceed 87 million in 2026—up from 62.5 million in 2021.
However, analysts noted that millionaire status was becoming easier to achieve due to elevated inflation rates. “While some reversal of the exceptional wealth gains of 2021 is likely in 2022/2023 as several countries face slower growth or even recession, our five-year outlook is for wealth to continue growing,” Nannette Hechler-Fayd’herbe, global head of economics and research at Credit Suisse, said in the report.
The U.S. was still forecast to retain the world’s most millionaires in 2026, with Credit Suisse predicting 27,664 Americans would qualify as millionaires within the next five years.
View this interactive chart on Fortune.com
The number of millionaires calling the U.K., Canada and Japan home was also expected to increase substantially by the end of 2026.
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https://news.yahoo.com/rich-keep-getting-richer-even-163738655.html