Brickbat

Thais have no idea on consequences. No lights and continue speeding. And that phone never stops pinging. And like drug addicts , they go for it. Mobile phones are also responsible for lots of accidents worldwide

You are allowed 7 days grace ( overstay). No penalty. But 23 will definitely be picked up

On 8/20/2019 at 10:12 AM, georgegeorgia said:

Now this thai lady i dated has a  uni  degree in Accounting from  chiang  mai unversity  and has been in Australia one year working as a cleaner but her english is still limited which told me she wasnt motivated

 

We have been out a few times and at first I liked her but then I realised she wasnt smart as in she couldn’t work out how to use the intercom in my apartment block, keeps saying “ huh” huh ! after everytime i speak so have to repeat it , then despite having a Accounting degree from CM university she couldnt explain to me about Accounting or talk about business 

It’s the education system and culture beliefs . Kids are bred to be slaves to authority . Thinking and questioning is frowned upon and discouraged from childhood. White skin, doctors , teachers, people in uniform etc are authority. People are judged from appearance. Intelligence is out the door. You gf is an accountant. I have a friend who has the same problem with his Thai wife. She’s a doctor! 

50 minutes ago, HeyHeyHey said:

Are you fat and old to have a gf with IQ of a rock?

Hey Hey Hey ....Hah hah hah. I agree. Low IQ. But it’s not the only criteria. Being kind, caring and considerate and a willingness to learn also counts. After all, the education and information here creates low IQ folks....for a damn good reason too. 

1% worldwide control the 99% through Information , which forms Perception which in turn creates Behaviour.

Edison was wrong when he said 95% of people don’t think. 

This too will wash away.....crooks rule.

When shit hits the fan, worldwide, Central Banks worldwide have nowhere to go as interest rates so close to zero. 

At last gfc, Interest rates was 6%. 

Cash up, folks. It’s going to be bye bye time for most .

And Buy Buy time for the rich

14 hours ago, snoop1130 said:

I just knew that today. Previously, I just heard that the baht was strong because of our high interest rate and foreign investors parking money in our country," Suriya said, referring to the current account surplus.

I just heard? My God! Sounds so naive for a minister! 

Why don’t they spend that surplus on making Thailand have better schools, hospitals and infrastructure? 

I wonder what’s in store for the future? It does not look good. Private Debt gone mad, economy slowing, spending is all on borrowed cash and from my little experience here, Thais have no clue about simple finance management rules. 

My gf who has just bought her 3rd property in less that 18 months ( 95% borrowings) says property prices in Thailand never go down. And serious mortgage stress as 2 properties have no income.

Is she worried? Mai pen rai! Lender....Government Housing Bank. 

Wow! 

Debt Bomb , worldwide. Mortgage stress everywhere, worse than 2008. Next gfc will be much worse. Yet greed and stupidity and history makes no difference to losers. The rich get richer when they mop up at bargain prices. I’d say 2020. Ironic as it’s not 2020 vision of what’s to come. This time round, Central Banks have nowhere to go to stimulate when the crisis hits as rates head to zero and borrowers gush .....and blush at their new found borrowed assets

16 hours ago, thaitero said:

Thai way and western way are different..???? 

There is only Sense and Nonsense . They will feel the pinch in a big way from their nonsense

Low currency great for exports , but squeeze on spending as imports cost more, reducing inflation. It’s a tricky game. On top of that , stupids are borrowing due to peer pressure, social media and buy now pay later ( research by First State) , and the likelihood of a stock market crash , i’d say we are all in for a bit of PAIN. Some lucky buggers holding cash, gold and Bitcoin are in for some big gains. Expat pensioners are in big trouble. 

As for the baht, the economy here is stuffed. Inflows are not helping the man on the street. Just that very very rich 1% . And the poor are also “ borrowing” for anything and everything. 

Not having APRA like regulatory controls, the Thai Assistant Governor of their Central Bank pleads with banks on The Bangkok Post to pull in the reins in on lending. Bloody joke! 

Lying is part of the culture. So is stupidity. Asides from that , the bulk are gentle, simple folks. 

Smiling Adoring Ladies. And With No unfair Family Law Act that cripples those who have more than their partner. 

Home Office Minister ia Javid, son of a Pakistani London bus driver. It’s to do with rules and bogged in govt politics 

1 hour ago, MartiniMan said:

so funny I have had thais ask me for loan and didnt even understand collateral concept!! I was so shocked

Turned out they had been given over 2 mln baht - no collateral at all apparently this is common practice

Tick tock tick tock

Same setup as 2008. Wait till the whole thing falls and buy a house for dirt cheap

These condos are going to be selling at under 80% cuts by the time they realise its in a nosedive

Current management has no idea how to operate economic policy imho they need help

My gf is an “ accountant” in the local govt and has no clue about “ collateral “ or loan to value ratio. By the looks of the stupid bank who lent her 100% of the purchase price, they don’t either.

And this “ investment” property is sitting empty. As are dozens on that road. 

One clown who bought for 2.4 million has hers for sale at 3 mil. 

And to locals, that’s the new price. 

Buy, buy, buy. Money is so cheap! Borrow. No collateral? Mai pen rai. Keep up with the ....mmmmm......Shinawatras? 

18 hours ago, kellersphuket said:

No thanks Mr. Big shot, I'm leaving.

 

You aint treating me like a common criminal any longer!

 

 

Hahah....that’s exactly the outcome they want. 

United Kingdom. United States. United we stand . Divided we fall.

Banks around the world trade currencies for a big part of their profits. And being no fools in this game, they have invested heavily in the Baht. And this has been acknowledged by the Assistant Governor of the Thai Central Bank, as being harmful to the Thai economy. 

How on earth did that country degenerate into this farce. Crash n Burn inevitable .  He’s an untouchable! No doubt the Democrats are impotent . Way out of their league . He has too many nincompoop followers. 

Lying seems to be a substantial part of Thai culture. And the sad part is the majority of Thais are gullible and weak. Tourism is dead quiet from what I see in hotels and complaints from staff at various establishments . Vietnam and Bali are booming from what I hear .

Just costlier for the sex tourists, but genuine tourists and retirees will find better value destinations. The strong baht very appealing to the rich. They are buying up overseas. Esp London where the £ is hammered by the humble baht.

1 hour ago, madmen said:

What a remarkably dumb thing to say because first world jets "whizz around" without incident ?

https://www.npr.org/2019/04/10/711693546/pieces-of-missing-japanese-f-35-fighter-jet-found-pilot-still-missing-after-cras

Unit cost: F-35A: $89.2M  

Yes, was dumb. And not remarkable.