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Paradise Papers: What is the Duchy of Lancaster and why did it choose to invest money offshore? Where to invest money reddit, the Monarch, even female ones, is always known as the Duke of Lancaster.

So, the current Duke is Queen Elizabeth II. The Duchy of Lancaster dates back to 1399 when King Henry IV declared that the original Lancaster inheritance, including land and properties, should be held separately from other Crown property and descend through the Monarchy. In other words, it privates an additional form of income for the Queen on top of the money she gets from the Sovereign Grant. It’s a private estate of 18,000 hectares in England and Wales of agricultural and commercial properties plus a number of buildings in London near The Strand. The Queen pays tax on the income she gets from the Duchy.

The question raised by the leak of these papers today – is why the Duchy is choosing to invest some of its money offshore. It isn’t a great amount – the Duchy says the Cayman Island funds, for example, account for only 0. But why would those in charge of the Duchy’s money choose to make decisions which have left The Queen with questions to answer over such a small proportion of its funds? There is no suggestion they have done anything illegal – but money invested in this particular way has attracted criticism. Graham Smith, from the anti-Monarchy group, Republic said: “The Queen is responsible for her investments, she should have instructed her advisers to ensure her money was invested ethically”. Enter the terms you wish to search for.

Bitcoin and other virtual currencies have nearly halved in value since last month, prompting a popular cryptocurrency forum to offer suicide prevention support to any members who may have been impacted financially by the price crash. The cryptocurrency forum on Reddit, which has almost half a million subscribers, featured a post with links to the U. National Suicide Prevention Lifeline, as well as other suicide and mental health resources for people who live outside the United States. The price falls of bitcoin and other major cryptocurrencies—like ethereum, litecoin and ripple—have been attributed to a variety of factors, including news reports in South Korea and China about increased government regulation on exchanges, as well as the closure of the popular crypto platform Bitconnect. 45,000 upvotes and more than 3,000 comments. During the late 2017 price surges, prominent cryptocurrency figure George Popescu spoke of the need for a specialized suicide prevention hotline for people affected by the significant swings.

People borrow money and invest in cryptocurrencies. Maybe what we should do right now is to set up a suicide prevention lifeline to give those who hoard bitcoins a call and ask if they really know what they are doing. The volatility of bitcoin has previously been named a factor in suicide, with a post on Reddit’s bitcoin forum last month detailing a story in which a 29-year-old man apparently killed himself after missing out on the bitcoin gold rush. My brother killed himself because of BTC,’ one user wrote about how a sibling became depressed after selling or losing up to 15,000 bitcoins before bitcoin’s dramatic price surge in 2017. 50M I might have killed myself too. I can’t imagine what my brother must have been feeling these past several years knowing he missed his best and easiest shot at the wealthy life he had always fantasized about.