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Snow Leopard

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Posts posted by Snow Leopard

  1. 8 minutes ago, vangrop said:

    Some thoughts on our Financial system.

    A stock has an hypothetic worth based on future sales, revenue, profit. But If the cie from which you are SHARING the ownership goes bankrupt the remains for the shareholders would probably be nothing after settling all the debts. Thats what they call venture capital. You could invest in real estate, but remember the 2008 Financial crisis originated by real estate prices collapsing. You could cashing everything but dont forget that a banknote is finally Worth the paper value. As one of the De Beers heirs once stated you by gold by stupidity and Diamonds by vanity. In crisis the old barter market is heading up and dont forget the basic importance of farming. What actually  worldwide countries, and not only Thailand, are projecting to do help solving the corona crisis issues is to pump massively money into the Economy. Roughly stated they will simply print uncovered banknotes. Once pay back time shows up it will cost each of us a fortune to have everything back into balance. So lets hope The corona virus will be Beaten very soon. Nevertheless lets look at the bright side of this situation: this has a positive impact on climat since pollution is drastically going down and the worldwide Financial mess is being washed away as by a tsunami.

    Regards Philippe

    Well said. 

  2. 4 hours ago, Assurancetourix said:

     

    In France, last year began a movement of protest against "yellow vests" protesting against the incessant increases in basic necessities.
    The Macron government sent them the police because they supposedly ran out of cash.
    However what we see today in a country which has supposedly no more money, they find as if by a miracle a thousand billion euros so that the stock market does not collapse.

    They dont find it. It is printed money and borrowing from the future. It devalues the currency today stealing from peoples savings and adds to the debt our kids will have to pay. 

  3. 2 hours ago, Peter Denis said:

    Instead of taking the unsure road of applying for a refund, would it not be better to ask my credit-card company for a 'charge back', as you suggest.

    Emirates send me an e-mail that my flights Dubai - Brussels were CANCELLED (not suspended).

    But my flights Bangkok - Dubai are not cancelled yet by them (but obviously they did become worthless for me without onward flights to my final destination).

     

    Are they seperate tickets?

  4. 1 hour ago, fruitman said:
    English rose

    Epithet

    English rose is a description, associated with English culture, that may be applied to a naturally attractive woman or girl of traditionally fair complexion who is from or is associated with England. The description has a cultural reference to the national flower of England, the rose, and to its long tradition within English symbolism.

    The English rose comes from when the Houses of Lancaster and York were united. 

     

    1024px-Tudor_Rose.svg.png

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  5. 2 hours ago, englishoak said:

    People here have no information but what they read on the net, of which much is false and assumptions.  A virus dosnt care where you come from or your politics and its not going to just go away and not come back. It is very likely this is now endemic and impossible to just wait out. 

     

    This isnt a race, its a marathon. Arguing over petty details about handling is imo pointless and we dont have any data or reliable classified info to do so. To expect a democracy to simply shut everything down for 6 mths or any other system for that matter is delusional, it has to be managed and that will depend on the countries economy and other factors and govs to decide.This isnt going away in a few weeks. There are also different strains of the virus and its mutating....any vaccine is at least 14 mths away, the theory of herd immunity suppressing it is traditionally sound and estimates for cov19 seems to be about 65% population contracting it, that would be preferable to do before next winter and possible more deadly mutations.

     

    Yes a lot of people would die with rapid population infection but it would also allow time for heard immunity to grow... take the pain now for later benefit as it were. There is also no guarantee this is just a one off, we dont know that its just an accident or a bioweapon released intentionally, it could even be just a precursor to something worse. We simply do not have that information nor will have but it is likely the authorities are far better informed than TV members, I will go with what the gov says to do whilst looking after my own as best I can.... 

     

    A year from now we will all have a better idea which "experts" strategies worked better than others.What will work for one country wont necessarily be best or even possible for another.  Nor will measures work the same for all countries, Korea and China for instance arnt tourist economies or destinations. Italy, France, Thailand and the UK for example are and methods employed by the likes of China would be impossible nor tolerated in Europe or listened to in Thailand. China is now going back to work becuase its decided the economy must produce or risk collapse and unrest but... by opening migration throughout the country once again it risks infecting millions of others as 30% of all cases dont even become symptomatic. I hope not but its very likely. 

     

    Its going to be a very hard year for humanity, try to help each other instead of scrapping for the sake of it in threads.

     

     

     

    A well written post. I just want to add one thing. The financial implications to this pandemic will last far longer than the virus itself. 

    • Like 1
  6. 9 hours ago, RubbaJohnny said:

    Just checked Emirates no availbility from bangkok after 24th 

    23rd single 103,00o baht.

     

    Outbound

    BKK - LON

    Economy

    Monday

    23 March

    Tuesday

    24 March

    Wednesday

    25 March

    Thursday

    26 March

    Friday

    27 March

    Saturday

    28 March

    Sunday

    29 March

    Not applicableOutbound on Monday 23 of March Not applicable

    fromTHB 103,260Lowest price

    Outbound on Tuesday 24 of March. Lowest PriceWe couldn`t find availability in Economy Class for the dates you selected. We’ve provided a flight fare for the same journey in First Class.THB 103,260

    Not applicableOutbound on Wednesday 25 of March Not applicableNot applicableOutbound on Thursday 26 of March Not applicableNot applicableOutbound on Friday 27 of March Not applicableNot applicableOutbound on Saturday 28 of March Not applicableNot applicableOutbound on Sunday 29 of March Not applicable

    Robbing Bar Stools. 

  7. On 3/19/2020 at 7:31 AM, AlexRich said:

    I think this will peak by end of May and be gone by August, and possibly return in some form in the winter. But I don’t think it will be as hard the second wave, as countries will isolate outbreaks better. The more people who get it the less dangerous it will be. It will probably circulate in the future but with less impact.

     

    So I think things will improve after August. 

    The financial world wont. 

  8. 9 hours ago, donnacha said:

    I got out, too many variables.

    My chief concern was low-level societal breakdown, with foreigners being a likely focus of anger. The young Canadian couple in Chiang Mai who were repeatedly spat at by a hostile Thai male, I worry that might be an early sign of shifting attitudes.

    When the true scale of the hidden outbreak becomes clear - and I think most Thais already have a dawning horror at what has been allowed to happen - there is going to be a lot of anger. Combine that with the knock-on effects for the rest of the economy of the sudden collapse of the tourist industry, and the massive reductions in international orders for factory goods, and record high levels of consumer debt, most Thais are going to be under a lot of pressure.

    I'm not saying that I was likely to be in danger, I live in a wealthy gated community, but we have neither rights, respect, nor affection from the authorities. If there is even a small chance of problems, it simply makes more sense to wait it out somewhere else.

     

    I think society will break down in the western world first. No food in the shops, No cash in the ATM's. At this point revolution would break out quickly and flat screen TV's would be the first thing to be liberated. 

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  9. 12 hours ago, Logosone said:

    It is possible there will be a run on banks.

     

    In these times people need liquidity and often they don't trust banks to hold their cash.

     

    But banks survived the Spanish Flu, the 1930s Depression, WWII, so did strong companies.

     

    The economy may go through very tough times, but will not implode or go away. 

     

    I will not be hoarding Vodka to barter.

    You are correct some will survive. But during these events in the past Central Banks didnt create Trillions in currency and pile up massive debts. This is the issue. 

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