
swissie
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The Investing Year Ahead
swissie replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
In todays market, it seems that "interest-rates" is the dominating factor. Everything else is just a "side-dish". Lower interest rates means more "liquidity". This liquidity can go into stocks as well as Gold. (or the purchase of fancy underwear). Once the "mesmerisation" of declining interest rates takes a backseat and other factors gain weight again, the "tandem-run" of Stocks and Gold may come to an end. -
Main thing remains: If you live in the "sticks", in case of "stroke" or "heart attak" you are always too far away from the nearest hospital. Living in Bangkok: By the time an Ambulance reaches your home, under such circumstances, you can only be declared as "death on arrival" due to constant "traffic chaos". Conclusion: Die quickly or carry paperwork with you that shows that you have insurance for 5 mill Bht or have 5 mill Bht in your wallet. Otherwise you will be classified as a "pennieless farang". Probably the worst thing that can happen to a Farang.
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US guys: Overseas "Asset Reporting".
swissie replied to swissie's topic in US & Canada Topics and Events
Well, like I said, I have Bank Records dating back 7 years. This paperwork weighs about 2 kilos. If that's not enough, they can lock me up in Alcatraz for the next 10 years. So be it. -
The Investing Year Ahead
swissie replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
I have tried to make sense of positive or negative correlations for the last 500 years. In the meantime, I shy away from any correlations, like the devil shying away from Holy Water. Conclusion: They work for a while, then stop working, until they start to work again. Unpredictable. I am polishing my cristal ball with more vigor than ever before. -
US guys: Overseas "Asset Reporting".
swissie replied to swissie's topic in US & Canada Topics and Events
Hmmm! Only kept my Bank Records for the last 7 years. Diden't think anything older would ever be of relevance to anyone. What now? -
Quote: "You can fool a few foreigners, but not your own people, not forever, no frigging way!" - Our "western soldiers" are very well informed. They know more than anyone else, how "undersupplyed" (in any way) they are. Do you really think, this social media/party generation will lay down their young life for some "fatherland" once more. Cannon fodder, once more? Or fight for a political/economical system that they don't understand anymore? It might well be, that especially the "western soldiers" might find a thread going by "where to go as a European fugitive" might find much interest when the time should come.
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The Investing Year Ahead
swissie replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
The possibilities to invest in different kinds of bonds is amazing. I call it the Bond-Zoo. US treasuries still very popular. Would like to remind that in the meantime, compared to GDP, the US is at 125%. To pay for existing dept (interest) is over 10% of the budget. The US treasury borrows 6 million Dollars per minute. The upcoming "infra structure projects" will cost another 7 billion. Definitely catapulting the US into the club of highly indepted nations (Italy, France). Ergo: Even if US inflation should drop back to pre-pandemic levels, investors may find a "net risk-premium" of 3% as a minimum. In other words: No more "free money" for the US. -
How to stop a bad guy with a gun? = With a good guy with a gun! After 20 years of "underfunding" it's armies, Europe has no more enough "good guys with a gun" left. All it takes is a President Trump once more. In such a case, the contributions to this thread will explode as it becomes "a real issue". Even for those that think "this can never happen".
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US guys: Overseas "Asset Reporting".
swissie replied to swissie's topic in US & Canada Topics and Events
Unmarreied. Less than 50K. Does that mean that I can ignore (not do) the FBAR filings? -
Rats! A Russian Occupation will likely bring a halt to pension-money transfers to some European "refugees". No matter where they are. Even in Thailand. Respect: You are the only one that has (so far) adressed the subject in connection with the headline.
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For the first time since 2006 I have to ask the moderators to close a thread of mine. Current posters staunchly refuse to comment on the headline of this post, instead trying to turn this into another Ukrainian/Russian ping pong game. I would therefore suggest, that unless posters focus in on the "Headline" of this post, this thread should be closed, with my approval.
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Interesting. How do you bring this in connection with this thread?
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Again, please back on topic.
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By openly disclosed figures, issued by defense ministeries, German Defence Minister (Mr. Pistorius) has confirmed this dismal situation on public TV a few days ago.
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Please, back on topic. What (and where) if we should end up as Western European "Fugitives"?
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US guys: Overseas "Asset Reporting".
swissie replied to swissie's topic in US & Canada Topics and Events
Yes, now I remember. Thanks. -
Adressing US guys. For US citizens, living outside the US, some annual "asset-reporting" has to be filed. (how much money is in your foreighn Bank Account etc etc). Forgot where to report this, it's a 4 letter abbreviation but even that I can't remember. Anyone?
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Currently the standing Army of Germany consists of around 100'000 soldiers. The ratio in other European countries is about the same. Compared to Russian capabilities, western Europe is basically "defensless".
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Lets's suppose: Putins hunger is not satisfied by the Ukraine and marches on into "western Europe", turning you into a "Fugitive". Where outside of the EU would you go? US, Canada, Australia is "out", as only highly skilled labor and/or wealthy persons will find entry originating from Europe. Where would you go?
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Very valuable information. Thanks. May this spread among Farangs, heading for the Philippines.
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By all means, keep us posted. Does your handle "the fugitive" has anything to do with all of this?
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Only remedy: Pre-marriadal agreements. Setteling matters in case of divorce. Remarkably: Single since 10 years. Have met several women, willing to marry me. But as soon as I mentioned some pre-marriadal agreements, their desire to marry me has evaporated quickly. Especially when I stipulated that "My money is my money and your money is your money". All said. Not to worry, 20 years from now (at least in "the west") marriages without pre- marriage agreements will not be officially approved.
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Unless the law has changed: It is easy to marry a Philippine female. But the same law makes it impossible to divorce (Catholizism in it's purest form). Ergo: Think twice boys.
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Clearly, OP has disclosed something to the lady, that he shoulden't have disclosed in the first place. With this knowledge she is practising "Extortion". As simple as that. Recommendation: If you have murdered your mother in law in the home country, of have been operating a Opium-Den in Thailand, never tell something like that to your Thai Girlfriend. Over.