"A Story Book Ending and an Idiot Dad" Posted by Mot at TNT

TNT:

Mot: ~~~~ A Story-Book Ending and an Idiot Dad ~~~~~

A Story-Book Ending and an Idiot Dad

He learned something very important from his/my youngest daughter yesterday.  Probably a lot more than she would think.

She is 18 and moved away to college last week.  Her passion in life has always been riding horses and showing them.  She began showing horses when she was 7 years old.  Every year, she has competed in numerous horse shows.  Each year, the World’s Championship Horse Show is held in Louisville, Kentucky, near our home.  She has entered every year and to her great disappointment, never won first place.

Long ago, she made it her life’s dream to win a World Championship.  Over the years, it became more and more apparent to me that her chances were low that she would.  In this business, the horses that win are usually very, very expensive.  More expensive than we could afford. 

Several years ago, when she told me about her lifetime dream of winning a World Championship, I told her she would probably never win.  She was crushed and ran off crying. 

I knew right away I had made one of the worst mistakes I would ever make as a parent.  My intentions were good–I simply didn’t want her to aspire to something that wasn’t possible.  I also felt guilty because I couldn’t afford to buy her a horse that was needed to win.

What I failed to realize in that brief moment, is that she subscribed to the story-book notion that as long as you work hard, believe in yourself, and never give up, you can always achieve your goal.  Being a pragmatist with pessimistic leanings, I subscribed to the “life isn’t fair” theory and I wanted to protect her from further disappointment.  What I told her that day was just plain stupid and it’s something I’ll regret until the day I die.

Despite the growing odds that she may never achieve her goal, she never gave up and she worked very hard at countless lessons and countless horse shows–many of which led to only more disappointment.  She persevered.

I’m one of those parents that NEVER misses the activities of my kids unless something totally unavoidable prevents me from doing so.  So, as the years dragged on, my heart was crushed each time she entered a show that ended in disappointment. I dreaded going to each show, knowing we were getting closer and closer to a lost dream.

Several years ago, we told her once she went off to college, we would no longer be able to afford keeping the horses we had, so just as she began college this year, she entered her last event at the World Championships.  This was going to be her last ride.

What happened next was nothing less than remarkable.

She was entered in a large class of 33 horses.  Her horse had been giving her trouble all year long and the prospects did not look good for the last ride of her career.  Because the class was so large, the class was split into two divisions to compete separately.  She was to ride in the second division.  As the first class was about to enter the arena, she was preparing to warm up her horse just outside the entrance.

Along with the rest of my family, I was anxiously awaiting her ride in the fabled Freedom Hall at the Kentucky State Fair Grounds–hallowed ground among this community of competitors.  Unknown to us as she was preparing to warm up her horse, a trainer from the first division yelled out “I need a rider for our horse!  Right now.”  It turns out, one of the riders had become suddenly ill and could not enter the ring.  If someone did not show her horse, it would be disqualified for later showing. 

My daughter’s trainer heard the call for help and said “My rider can do it!”   The other trainer told ours that this horse was game and had mostly only been ridden by professional trainers.  Our trainer responded “Yes, you bet she can!”  Somewhat intimidated, but excited to ride the other horse, my daughter mounted this horse she had never seen before and within seconds, entered the arena with 13 other riders.  My daughter and her trainer instinctively knew that not being able to warm up her own horse would likely mean they would do poorly in the second division.   Besides, who knew, maybe she would have a better chance on this horse she didn’t know.

From that point forward, she dominated the class and was cheered on by the crowd.  And when the announcement of the ribbons came, my little baby girl was announced the winner, a World champion rider.  She smiled and cried her way through the award announcement and her victory pass.  Afterward, she sobbed uncontrollably for nearly 30 minutes.  All those years of hard work had finally paid off and she got her story-book ending in the last ride of her career.

Her tears were mostly tears of joy of course, but combined with thoughts that validated her abilities as a rider.  No more doubts about whether she had not won because of lack of ability.  She had indeed proved her abilities in that single event.  Riding a game horse you’ve never been on before and doing so well is a remarkable feat.

So, what did I learn from my daughter?  Well, if you work hard and never give up, and you believe in yourself (no matter what your Dad says) you can indeed achieve your goal.  I learned this from my daughter.  The very thing I was supposed to teach her.

It later occurred to me that this was a God thing.  No, I don’t think God made her win that championship.  I don’t think God helps people win things as trivial (in the grand scheme of things) as a horse show, but I do think he helps things along that shape a young person’s life.  I have little doubt that winning that championship was more important to her than anyone else at that show.   I think God set some extraordinary things in place to give her the opportunity to do so–to allow her to prove herself.  And when she did, I’m confident that God smiled with the rest of us and said “Well done daughter.  Well done.”

Oh, and Caroline, first I want to say how sorry I am for saying such a terrible thing to you at a such a vulnerable time in your life and when you needed encouragement.  Parents aren’t perfect, and I proved that in spades that day I told you you couldn’t do it. 

Secondly, you’ve made me the proudest Dad in the world. Not just because you won.  But because you proved to me and many others that perseverance and hard work will always pay off and you did it with grace, humility, and joy.

The Definition of Foreign Exchange Management

The Definition of Foreign Exchange Management

by Kofi Bofah   Published on 13 Sep 2019

Foreign exchange is essential to coordinate global business. Foreign exchange management is associated with currency transactions designed to meet and receive overseas payments. Beyond these transactions, foreign exchange management requires you to understand the relevant factors that influence currency values. From that point, you may execute the proper strategy to manage risks and improve potential earnings.

Foreign exchange management is the process of limiting a company's exposure to foreign currency fluctuations. In most cases, this is done by companies that engage in foreign trade.

Management Of Foreign Exchange

Foreign exchange management begins with trading currencies to exchange goods and services overseas. International businesses convert overseas profits back into their domestic currency to spend at home. Meanwhile, consumers exchange domestic currency for foreign banknotes to buy overseas goods. These transactions occur within the foreign exchange markets, where networks of private individuals, banks and organized financial exchanges provide the infrastructure to trade international banknotes.

Foreign exchange occurs at rates that are associated with currency valuations. Foreign exchange rates describe the amount of one currency that must be given up to receive one unit of another currency, and they tend to parallel the political and economic environment of a particular country. For example, domestic foreign exchange rates appreciate when the economy is strong and the currency is in high demand to buy the nation’s stocks and real estate. Conversely, currency values fall amidst political and social instability. Foreigners generally liquidate business assets in war-torn nations that struggle with development.

Effective foreign exchange management requires you to preserve purchasing power by staying current on any events affecting rates and operating accordingly. You will exploit the buying power of high exchange rates to acquire overseas goods. Alternatively, low exchange rates are an opportunity to boost overseas sales, as your wares become relatively cheaper overseas.

Foreign Exchange Examples For Governments

Government officials manage foreign exchange reserves to influence the domestic economy. On the national level, low exchange rates are ideal for exporters, while strong currency valuations benefit consumers with increased purchasing power for imports. Treasury leadership may spend domestic currency to buy large amounts of foreign exchange, which effectively devalues the home currency. As of May 2019, China had purchased more than $1.11 trillion in U.S. Treasuries, which devalues its yuan and supports its export economy. https://bizfluent.com/about-6554689-forex-management-.html

Foreign Exchange Management Strategies

Foreign exchange risks include lost profits and purchasing power related to adverse currency movements. Canadian businessmen that hold reserves of Japanese yen suffer when the yen falls. Alternatively, Canadian exporters lose out on sales when Canadian dollars strengthen and make their goods more expensive for foreign buyers.

Foreign exchange risk management calls for diversification. Large corporations expand multinationally to balance currency risks. For example, elevated energy costs benefit resource-rich nations and currencies, while industrialized energy importers are subject to recession and inflation. Caterpillar is a multi-national corporation whose profits in oil-rich Russia may exceed any lost sales in America at that point.

Smaller investors that lack the finances to set up multinational enterprises can diversify accordingly with global or international mutual funds. Both types of funds consist of a portfolio of securities from many different countries, minimizing the risks associated with an economic downturn or currency devaluation in any one country. Global mutual funds also contain securities from the United States, while international mutual funds exclude American securities.

To continue reading, please go to the original article here:

https://bizfluent.com/about-6554689-forex-management-.html

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.

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:

https://www.sapling.com/10006674/safe-places-keeping-cash

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.

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.

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?

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.

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:

Does the Government Control Exchange Rates?

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.

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/

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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.

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.

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.

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