ShingDam

Thank you very much for you help !!

Shing Dam

Thank you for you response !

Means, once I lost the "grandfathered" option, because I had the Visa before 1 Oct 06, I cant get it again ?

SD

Hello

I read a lot of the topics, but can someone state it clear to me how my situation looks like.

I am under 50, and got the marriage Visa 2 times (400.000) in the bank.

I have 3 children and I am married.

Being currently in Oz I wonder when I come back (my Visa is still valid till April) will I be eligible for another extension if a have the 400K in the bank or not.

Thank you for you help

SD

Hello ray

I share the opinion of a "very uneducated person in this area" with a "slightest idea if I'm right".

For example, if you had taken a credit here about 1 Million baht and you had bought land (about 80 to 100 rai) 2 years ago with an interest rate about 5%, and planted cassava, you nearly would be the owner of the land right now. (By the earnings of the crops and the value of the land today).

This idea came to me (2 and a half year ago) when I thought the national interest rates are much more lower then the real inflation. Other indicators for that is the goldprice .

You know I dont accept the interest rates of the "fundamental datas" puplished officially.

With the credit it was a bit complex, they give you a credit if you built a house or buy a darn car, but not if you want to buy land. So much to the great support for farmers to keep up a bit. (Some bells are ringing ?)

And I wont DARE to take all economics datas like the datas of a western country !

Maybe I am wrong and will loose my face, .... so be it .

Its only my personal opinion and I count myself to the pessimist on the stockmarket - thats only to be fair.

To Mr. T...oxin i have no idea how a man could come back after his reputation is sooo damaged.

Shingdam

Hello everybody,

I guess it would be a "dream" for every farrang staying with family in thailand to become a thai national.

But theoretically, is it possible ?

And if, how does it happen ?

ShingDam

Thank you Cathyy,

Land raises as well, bought 1 rai for 100.000 Baht 2 years ago - today its usual to get 200.000 and more. About the house i paid already 20% more than a friend who started to built his house 1 year before me.

I am sure this is different and depends on the area where you stay. In our area there are a new flush of farrangs and maybe thats why ?!?!

Although even the thai dont sell land and its hard to get a good one right now.

ShingDam (who's looking for land)

Maybe, but it is true

Thats exactly what i realize and sorry i have no statistic but the inflation how i feel is much more higher than the inflation of the public statistics. I easily cant believe it.

I built my house 2 years ago and still have contact to my architekt. Him told me the same house would cost me 3 times more today.

I know this is only a sectoral inflation but whats about oil, wages and the example boppia just brought in.

Thats why i am so full of worries

shingdam

Thats why the profis are never wrong, I mostly listen or read trash like that what drives me crazy

thank you for the explanation about the baht

whos gonna shot me hmm ? I ask that question for 4 days already and not everybody is so well informed like other members here. I stay a bit out of the center. The more I appreciate this forum !

But i doubt that the baht will come to normal after that and guess this is only talking for calm the market. Situations like that are favoured from the international financial market sharks, i am sure they are watching.

Sorry for my english

shingdam

(goatfarmer, he he he )

A short watch at the Thai stockmarket tell us today ..... it starts !

... would like to add a statement of a professional analyst about the financial market situation :

"We expect that after the PMs stepdown the baht could be in a free fall. I

f that doesnt happen we expect that the currency will tend further to be strong maybe raise a bit in value. "

Like everything nobody knows for sure, na ?!

Only i guess if Mr. Toxin will step down its likely to his character to let the country back in the worst situation it could be, only for the rembering how good it was with him.

But besides i dont believe there is a future without T. and then it might be dangerous time for the brave folks today.

..... it reminds me about (not so) good old germany a time ago. Dont forget we had democratic elections then, after him raised to absolute power.

Hello i am back,

i agree with gburns57au and phibunmike, it confuses me that the baht is so strong and that the int. markets dont react to the unstable situation ?

I know further from that bank that over a time period of 1 month they wont give any credit to anybody and wait the outcome of the political situation ?!

Please understand the credit story about my dad in law is only a hint which makes me confused, it isnt soooo important at all.

shing dam

Hello

thank you for all the information and thoughts, very interesting !

I have a question

Can somebody explain me why the thai baht gets more and more strong although the situation seemed to be unstable ?!?!

thank you

Shingdam

He he he,

yes i am sure, i am not involved in any way (financial i meant), it his bussiness i only worry about my savings in baht, thats all. And the story with my dad in law and the other angry people in front of the bank here ....

At least, if i look at that clear, i stay with my warning.

If i dont response again i kicked out ok

shing dam

Yes and the rating of my dad in law was A++ in the process.

At least him doesnt made a decission already (didnt signed the paper).

I only had the intention to warn some of yours maybe I got nuts a bit, but i really worry.

With or without Mr. T (PM) it looks stormy .

Best regards

shingdam

sorry i have to go out, my inetpacket is out.

stay outside via mobilephone and laptop

I stay close to that Kasikornbank where we had an article about the manager which robbed a lot of money, maybe its because of that ....

Now i am confused.

At all watch out

this isnt a fake I insure you, my rates was us told today at the kasikornbank on our place, thats why i got droven crazy

Hmmmm,

dont look only at one side of the interest dear friend.

Raising interests mean raising risk for the money value and this means if you have bigger amounts in bath that you could loose a lot of money if the situation becomes unstable.

Euro, dollar, pound go up and your bahts are less worth.

You might be unable to buy things in thailand at the same price than today. I think about people who transfer big amounts in order to built a house or so, like i worried 2 years ago - they might be unable to finshed the house with that amount, or the architekt broke or something else.

Sorry if i too pessimistic but its only a warning.

shingdam

PS I told my father hold on an wait with your bussiness, if the credit is cheap take it and buy your cows as fast as possible. (Cheap because we dont know how they will handle it because my dad started the contract 8 weeks ago).

Further the banker told me, in private (drunk already, gave him some lao for loosen his thounge, that there are many many AND maaany of copies of bad landpapers ?!?!?!)

The interest rate moved from 12% last wednesday to 16% today.

A banker was afraid to speak in public with me, but we have a date tomorrow.

I know this because my father in law wants to take a credit for update his cow bussiness and they agreed with 300.000 Baht one week ago.

Now they only want to give him 100.000 and that not sure.

All folks got crazy at the bank - so my wife - so this doesnt only comes over my dad in law

Hello everybody

maybe i am wrong, but if you have a bigger abount in thai baht on your thai bankaccount you should watch the situation carefully and decide what to do.

The interest jumped the last days unusuall fast upwards and the banks dont want to serve with cash and credits.

I watched the int. market and till now there is not a significant movement but they just opened.

The markets need usually a bit time but they are never wrong.

If so and the hidden inflation is much more high (what i guess for sure) there is a suprise waiting for us.

You should be prepared to transfer your money "home", change in gold, buy traveller cheques or even land cows and so on.

Sorry if i make you worry but i thought it might be good to be warned

ShingDam

Hello

it seemed many people are amused about what is going on.

Is somebody is thinking about currency stability and about the saving on the bank.

I realized that the interest jumps up crazily and that the banks dont want to serve the people

with money and credit.

Yes of course that is normal in crisis times, but could it be an indiz (what i guessed a long time already) that the true inflation is much more high than the real one and that after the PM will step down another suprise is waiting for us.

I appoligize for my bad english

shingdam

I will ask him and let you know soon, ok ?

Hello

my neighbour is an englishman and architekt, him did his own pool her and did great work.

So if you want to have a contact let me know.

ShingDam

Hello,

this treat might be a bit old, but the story about this girl 5 years ago was that her father was so angry about the S... tourist that him never wanted his daughter to be beautifull and burned her ... (the method I forgot already).

Thats no joke

ShingDam