Jump to content

MrVain

Member
  • Posts

    37
  • Joined

  • Last visited

Posts posted by MrVain

  1. You're absolutely right to be worried at least a little bit. Yes ups and downs but with the near future of this new year it looks dramatic. New war in Iran is comming, France is about to be bankrupt after a few other countries. With France the case is probably that it will end the Euro because its much bigger then Greece if you look how the pie is cut.

    The USA looks at a major crash.. $£€, I'm afraid it won't matter much, the governments are run by banks and we let it all explode in our face.

    yes sorry i forgot about France ... Italy is following France very quickly into the shit

    check this out please:

  2. Buy a little gold every month wai.gif

    Keeping your savings in gold is, without a doubt, the most effective solution.

    Be very carefully with gold, only buy if you really get it. If they say we keep it save for you, it's not there! Everybody wants there gold back now before the big clash. For real, whole countries demanding there gold back now... It's not there for a part, I can't tell you how big the fake part in gold is yet. Big fraud all around you, just remember the peoples interest never comes in the first place for most.

    • Like 2
  3. Relative to its size, Thailand has big deficits, and it also prints money to pay bills. I know some think that Thailand's economy is booming and that it has "no" unemployment and no debt and... Link

    I personally know three Thais who were laid off work last week in Udonthani because of the increase in the minimum wage. I don't think we've begun to see the fallout from that. I think it will also affect decisions of multi-nationals to expand into Thailand because wages and other costs are now cheaper elsewhere.

    Let's see how this all washes out. Thailand has a habit of borrowing money, or setting aside budget money for something and then spending it on something else. Look at the money earmarked for flood damage that got siphoned off.

    I believe, and don't ask anyone to agree with me, that Thailand is way overbuilt in housing, that real estate has skyrocketed into a bubble, and that the new minimum wage will actually be the straw the breaks the camel's back.

    Housing, land, medical care, food - it's all rising which means the Baht buys less.

    Inflation is just another term for deflation of the value of money. If it takes more baht to buy something then the baht is worth less.

    If the West wasn't being so imprudent with currencies, I'd hold a belief about the future of the baht. As it is, I'm just sitting back and watching. Something out there is unsustainable. Maybe many things.

    So good to know the problem is Global and sooner or later we have to pay the price for ignorance and greedy people taking all. QE3 speaking of printing money, we all do it in the west. It get's invested well to the banks and war, why would 49.000.000 people on food stamps need money anyway?

  4. You're absolutely right to be worried at least a little bit. Yes ups and downs but with the near future of this new year it looks dramatic. New war in Iran is comming, France is about to be bankrupt after a few other countries. With France the case is probably that it will end the Euro because its much bigger then Greece if you look how the pie is cut.

    The USA looks at a major crash.. $£€, I'm afraid it won't matter much, the governments are run by banks and we let it all explode in our face.

×
×
  • Create New...