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Chongalulu

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Everything posted by Chongalulu

  1. What is your understanding of what "BRICS currency payment system " is ? There are already plenty of worldwide payment systems and Russia’s own bank for those that want to pay them for oil
  2. Oil and gas is a global commodity and priced universally in normal circumstances. It’s only where sanctions pertain that may cause distortion in that model- as it is here.
  3. It’s the very quote from the relevant EU official as quoted in mainstream media. "No cost" ..?? There are a raft of sanctions,including financial,against Russia,some of which were already in place long before the war. Of course some sanctions will always be of little cost while others (like energy) will come at much greater ,perhaps even prohibitive and effect various countries differently. Your 'no cost' makes little reason. I think you need to do a little more reading of quality media to gain more in depth understanding of this particular dynamic
  4. The strategy behind effective sanctions is to cause as much damage to the sanctioned for the least cost to the sanctioners. Hence why an exception is made by Europe (especially Germany) to buy Russian gas - they simply cannot survive without a severe recession to stop. However ,Putin realises this and is playing his own counter strategy by throttling off supplies of Nordstream pipeline gas including a 10 day closure this month for ‘maintenance'. He’s preventing Germany filling its storage facilities which normally take it through winter ,so it’s clear when Putin is likely to shut off supplies entirely. Brexit was not good but will be nothing to what’s in store for Germany this winter …???? ????
  5. Thailand and Russia are negotiating to implement MIR payment system that will help Thailand get precious rubles from tourists that Thailand can use to pay for cheap oil. There is also an agreement between these countries to increase mutual trade 10x. Thailand will export to Russia much more than it does now to acquire rubles it will need to pay for energy. Russia has its own bank converting customers fx into Roubles into which the EU has already approved in a fudge enabling it to continue buying Russian gas. It’s not an issue.
  6. Very high Car rental prices are a European wide problem (and probably wider too) and all for the same reason of vehicle shortages - also effecting the secondhand car market prices too.
  7. They won’t have had their own fuel storage facilities so any unused commitments they would have to have sold on at a loss in the market place.
  8. I can tell your forte/experience is not commerce. The reason air travel is fundamentally cheaper than rail is that track is very,very expensive to build and then to maintain. All an aircraft needs is a site to take off from and one to land on. Long haul exaggerates this equation even further Regard this as basic economics lesson 1 !
  9. That’s exactly the point- airlines can lose millions (as they did pre Covid) if buying fuel on the futures market which then goes down. Their commitment to that purchase in volume and price still stands even if they have to stop flying! It is economically illiterate to accuse them of price gouging when the demand equation turns in their favour when they are subject to the downside too. The same applies to energy companies…. And really everything else !
  10. I would venture your business sense ,as demonstrated,is significantly below that of the BA commercial managers . I know people that work at BA and completely understand their business model regarding Thailand. I would look to better inform yourself economically to gain a greater understanding.
  11. Presumably any words of over two syllables defeat your interpretation skills. Duly noted…
  12. Plenty of independent sellers have them Singha- cheaper per bottle and larger too 400mill . Just have to invest in the first crate.
  13. The kindest thing I can say about that post is that it represents reading and comprehension difficulties… Try again?
  14. I’m talking about the larger returnable bottles in plastic crates,not the supermarket ones.
  15. Which is exactly my point-the person wearing the mask has those expulsions inhibited /reduced by the mask thus to the benefit of those around him. The tiny remnants that remain will hardly be filtered out by the typical mask you are wearing. Suggest you do a bit more reading to avoid further embarrassment.l
  16. Over the 7 years I’ve been here I’ve noticed the 24x crates of Soda water I drink (my only tipple) have shot up to around 140 baht per crate - so have some sympathy ! ????
  17. Then you made unwarranted long term financial assumptions and poor investment decisions. Amongst other investments I retained my house in U.K. Hertfordshire commuter belt which not only increased substantially in value but I recently increased the rent BY £500 per month (20,000 baht + ) which more than takes care of inflationary pressures here. I am miffed about paying higher rate tax now though… ????
  18. What makes you think the PM (and many of his officials) aren’t the MOST confused by their own unthinking utterances ?! If you’re looking for clarity from that source you might be as deluded as are they ! ????
  19. Honda uses thailand to dump many of it’s ancient old technology engines on the undiscriminating Thai market. E.G. Honda CRV suv only available with two (2.0 and 2.4 ) petrol engines and a puny 1.6 diesel,ALL of which have been discontinued for several years in Western countries. No sign of the Hybrid available for several years in other markets. Nor is that reflected in any lower prices.
  20. My decision to eschew Sinovac when it became the first one offered was vindicated when a week later I was offered Pfizer. Had I accepted Sinocrap at the time that would have excluded me from the superior Pfizer. PS NO vaccines nor medicine are ever ‘perfect' .
  21. I tend to now avoid the casual/impulse visits to such establishments but will not let it stop me (cut off my nose to spite my face) on occasions when I’m visiting with a group of Thais. They would ,given my overall spend when at such a venue earn more from me by not discriminating. However taking a balanced view incorporating the huge difference in other aspects (fuel prices,domestic energy costs,council tax = local tax on housing,eating out etc. I and suspect most of us are well ahead overall vs in our Home Counties . AND none of this woke ???? pervading everything! ????
  22. What happens to "Look Krung" (Eurasians) . They pay 2.5 x the price ?? ????
  23. So what was the point of a statement of the bleeding obvious in regard to the discussion?
  24. You do understand that people may have a number of countries on their short list and will decide based on a number of factors,including the easiness of booking/travel and prevailing conditions on arrival?
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