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Walker88

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Posts posted by Walker88

  1. 19 minutes ago, JimTripper said:

    There are plenty of prudish people in the world who won't go anywhere near Thailand, or even Asia, due to the sexpat reputation it has.

     

     

    Those 'classy people' sound racist: "or even Asia". All these classy types are fully up to speed on Kabukicho, the Ginza, Roppongi, Wanchai, etc.? I had to live in Tokyo and Hong Kong to even know such places existed. I must be one of the prudes, or at least painfully naive. I'm sure glad there's none of that nasty stuff in the West, like NY, LA, London, Amsterdam, Berlin, Hamburg, Paris; otherwise, I wouldn't go anywhere near those pure-as-the-driven-snow cities.

     

    Actually, I take solace in realizing I could likely count the 'prudish' folks who would otherwise come to Thailand if not for the 'seedy' reputation on one hand.

     

    In any event, even if there's more than one such person, his (or their) number is dwarfed by the # of folks actually drawn to visit because the nightlife exists---and these folks are like visitors to Las Vegas: they come with cash and likely go home with empty pockets.

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  2. 11 minutes ago, Kwasaki said:

    When I find out which side put the swastika there and then maybe I would.

    People's emotions are played with to much these days which clouds the real truth.

    Okay, fella, tell us the 'real truth'.

     

    There is only one proper side in this issue: against russia

     

    A war of choice started solely because a small dick psychopath is hellbent on re-establishing the murderous former Bloc he grew up in. SO he manufactures lies about "nazis", has his GRU and SVR churn out propaganda that appeals to the low IQ or brain addled demographic, unleashes hell on a previously peaceful land where folks were simply going about their daily business, and ordered attacks specifically against schools, hospitals, food storage facilities. But for the little psycho, that isn't enough. He tosses in summary executions, rapes, even beheadings.

     

    The world has seen little vlad's playbook before: he made his name by slaughtering 250,000 civilians in Chechnya near the turn of the Century. He engaged in similar behavior in Georgia, and most recently in Syria, particularly Aleppo. So insecure and vindictive is the little guy that he also targets domestic critics and opponents, such as Boris Nemtsov, Alexander Litvinenko, Anna Politkovskaya, among others. He ordered the poisoning of Alexei Navalny, and has now imprisoned him for life. He ordered the dioxin poisoning of former Ukraine President Viktor Yushchenko.

     

    Heck of a guy, little vlad. Oh, and his actions are not a 'purely domestic issue', so to stand against russia's human rights abuses, war crimes, and crimes against humanity in Ukraine is not interfering in another country's politics; it is taking the moral high ground. It is doing the right thing.

     

    The immoral of this world are comfortable with these ongoing atrocities. Would that the decent and civilized world adopt the same indifference or the questioning of reality ("by doing one's own research", which is codeword for adopting silly conspiracy theories) if the immoral are similarly attacked and slaughtered.

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  3. There is reality, and then there is what officials claim is reality. The latter seems to satisfy many in a population where 'face' is important.

     

    Yes, constructed realities exist in most countries and cultures, but in my experience it is taken to another level in lands and cultures where face is so critical. Thailand is known around the world for its bargirls and pay-for-play industry, and for many people, this is likely embarrassing. They can pretend tourists come to visit Wat Arun, but on any given day there's 50 times the number of tourists in Nana Plaza than at Wat Arun. That can be ignored if some authority figure provides an alternative reality. Thus, if cops state matter-of-factly that prostitution does not exist in Thailand, face is saved---despite everyone being fully aware of 'real reality'. And if a little prostitution slips by and must be recognized, well, that's foreigners, even though foreigners partaking in the game are a small percent of overall prostitution in the country. Thais can hold on to a need to feel pure, proper and pious.

     

    You know, I know, you know that I know, I know that you know, but if we both pretend all is at odds with reality, face is saved for both of us.

  4. I suppose the entangled pair effect in particle physics is slightly easier to understand that these new rules. If the test sites in Thailand were doing sequencing, it would be easier to understand, as the goal would be to stop the influx of a new variant, but all the after-arrival testing is doing is stating yes-or-no generic Covid.....an infection already quite well represented throughout Thailand.

     

    That being said, people are biting the bullet and coming to Thailand. I traveled to my home country for a visit to parents and family, then recently returned. The airport lobby was fairly crowded, though that may be deceptive owing to the fact that all arrivals must wait for their inbound chariot to transport them to a hospital then hotel. Admittedly getting my medulla oblongata tickled after a 24 hour series of flights across 12 time zones isn't my first choice of post-arrival entertainment, but ours is not to reason why, ours is but to do or.......quarantine. I could see upwards of 3 million visitors in 2022, though that is still far below 2019's 40 million. Baby steps.

     

    Despite the hoops that many countries have long since removed, Thailand is making some progress towards whatever the New Normal will be. Infection numbers are near a peak, and deaths-per-day nearing three figures again, yet when the numbers were similar in the past, dine-in at restaurants was banned or alcohol sales prohibited. Both are now permitted, as well as allowing bars to pretend they are restaurants and thus staying open. That does seem to suggest an evolution toward an 'endemic' realization, and certainly less severe than what the original source of the virus---China---is doing.

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  5. 5 hours ago, Walker88 said:

    Yes, look at US today under Biden....+6.9% GDP in 2021 4th Q....more jobs created in a single year ever....UE down to lowest in decades....job openings everywhere....deficit down $350 billion in FY2021 vs 45's last year, and OMB expects upwards of $1 trillion lower in FY2022...NATO now a unified force....US respected again....US rejoins Paris Climate Accords

     

    45 was a disaster. WORST economic performance in GDP terms in 40 years.....even before Covid GDP was in bottom 29% of all quarters since the end of WWII....45 ran up $7 trillion in National Debt in 4 years (a 37% increase over the US' first 240 year total)...45 preached such absurdities as injecting disinfectant or using horse de-wormers for Covid....45 actually tried to overturn US democracy and egged on the terror attack of 6 January (even the FBI Dir appointed by 45 referred to 6 Jan as a Terrorist Attack)....45 pulled US from TPP, which handed Asia to China

     

    Pres Obama entered office with 10.4% UE and gave 45 4.8% UE. 45 left Pres Biden 6.9% UE.

     

    45=DISASTER

    This isn't golf....lowest score doesn't win.

     

    And as it turned out, the CBO was too optimistic, not factoring in just how bad Covid would hurt growth, so 45 was even worse.

     

    Kind of funny that Jimmy Carter was 3x higher.

    POTUSecon.jpg

  6. 20 hours ago, relax33 said:

    This is what a fellow american wrote on the subject;
    We are in an unsustainable path. We have ruled the world because of the US dollar being set as the World Reserve Currency (WRC) through the post WW2 Brenton Woods agreement, but that has made us lazy leading to the trade deficit that has been going on for decades. Until 1971, that wasn't too bad as dollars were backed by gold, but since then it's been pure paper fiat, and most dollars, some 98.5%, are not even made of paper. The WRC status has led to our losing industry and in fact is also the reason for the immigration crisis. We import goods, and export dollars we create out of thin air. Your measure of success being "continue to prosper" is complete fallacious because we are prospering due to importing goods from other countries while passing them junk currency.
    We in the USA are, in effect, international counterfeiters, extracting goods and services from the world while giving nothing of value in return. And we back this with our military might. No, the US empire is coming to an end, and I expect China will replace us. The best thing for us to do is push for a decentralized crypto as a world reserve currency as otherwise, it will be the Yuan

    This is a spurious argument. Always has been. The end of the world is nigh....and always will be. After Bretton Woods and Nixon going off the gold standard, the dollar was supposed to disappear 'any second now'. That was 50 years ago.

     

    "a decentralized crypto"...please. There's about as much economic reality in that as basing one's mortgage on winning the lottery.

     

    ALL means of exchange are dependent on faith, whether gold or dollars of bitcoin. The dollar still serves as reserve currency in part because it's so readily available (which is almost an oxymoron). All excess wealth has to be parked somewhere. The US has massive markets---both equity and bond---and it has rule of law. It has a $22 trillion or so economy. Yes, it also has the military. Easy entry, easy exit.

     

    China has no rule of law. China controls capital flows. Cryptos are vulnerable to the internet....something China can control, at least within its system.

     

    One day the dollar will fall, but unless 45 wins again and destroys rule of law, democracy, and all the things that make the US attractive to investors, the dollar will survive anyone now alive.

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  7. 5 hours ago, Longwood50 said:



    One thing is for sure.  Banks are a mirror reflection of the overall economy.  When times are good, people and businesses borrow and banks make good money.  When times are bad, loan volume goes down, people do not have extra money to deposit into the bank, and loans start going unpaid and banks are sickly. 

    It is nigh on impossible to compare banking in the US to Thailand. While it is true that banks in the US can fiddle with loan loss reserves in order to alter reported profit (especially if the CEO has options he'd like to see deep in the money), when push comes to shove the banking authorities tend to get responsible....such as in 2009 when Pres Obama forced banks to recapitalize, slash leverage, and issue new equity. The EU took another approach (too long to explain here), but it was a tautology-like solution, and makes EU banks really vulnerable to rate increases....and that in a banking system almost 3 times the size of the US' system.

     

    In Thailand, Covid-19 had the authorities make some very Thai alterations to the system. First, there were periods of debt moratoriums, where borrowers didn't have to repay and banks didn't have to recognize what were essentially govt-mandated NPLs. Second, banks apparently were allowed to book 'imputed interest'...running interest through the P&L that wasn't actually being paid. Thus, bank profits were a total fiction.

     

    All of this came at a time when Thai household debt kept hitting new records, and when corporates in Thailand had fattened up on debt at an astonishing rate since around 2011. That so-called Boom after 2011 was purely debt-based, as debt rose significantly faster than Thai GDP. That is obviously inefficient.

     

    Of course Thailand is hardly alone at debt-fueled growth, as the 4 years in the US before Pres Biden saw the National Debt increase almost 40% ($7 trillion) with GDP growth the worst of any POTUS since the end of WWII.....despite that POTUS' constant claims of 'best economy ever' (when his GDP rate even pre-Covid put him in the bottom Quartile). The US is addressing the mess left by that guy, as the 2021 Fiscal Year deficit is down $350 billion from 2020, and is projected to be as much as $1 trillion lower in Fiscal 2022.

     

    Thailand hasn't even begun to address its bank and fiscal issues, and without the almost 19% GDP kick from tourism (2019 official Thai figures) and the likely fall in asset values and collateral, digging out of the debt+Covid mess is likely to take many years.

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  8. 50 minutes ago, whereyougo said:

    Yes Thais are not totally stupid. I once asked a GF if she wanted to live in Australia and without pause she said no thanks if western country so good why all farang want to live here. Thais think thailand is special and we are aliens for good reason IMO

    Well, not ALL foreigners want to live in Thailand, and there are plenty of Thais living in or immigrating to the US, Australia, etc. There are far more Thais in the US than US cits in Thailand.

     

    Perhaps she was unaware of that and bases her statement on incomplete info and a self-selected demographic.

     

    Some foreigners want to live in Thailand. Some Thais prefer to live in Western nations. No absolutes.

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  9. 4 hours ago, Saanim said:

    Is the Frederick Kagan a B-I-L of Victoria Nuland, the one who has been so helpful to the current Ukraine regime?  

    Then, the report will be really unbiased, won't be?

     

    Oh my! You're not one of those who are of the belief that Vicky Nuland has some sort of special power? How about Geoff Pyatt?

     

    Contrary to Internet Myth and Moonbat Conspiracy Theory, Vicky Nuland is a long time Foggy Bottom bureaucrat who is about as close to covert action as Pee Wee Herman. Geoff is the quintessential 'metrosexual', and the only possible thing about him that could intimidate a little guy like putin is that Geoff is about 6'4". Otherwise, he's maybe another Pee Wee Herman (you can Google that character if unfamiliar with Pee Wee).

     

    I have seen these silly statements about Nuland ever since putin taped and released a phone call between Vicky and Geoff. For those who know both of them, it's hilarious. I'd be more intimidated by Bugs Bunny than either of them.

  10. The same concerns that drove Poland, Romania, both former parts of Czechoslovakia, Montenegro, Bulgaria, Hungary, Latvia, Lithuania and Estonia to ask to join NATO (subjugation and abuse under commies and the USSR) will soon allow Ukraine to gain NATO membership.

     

    When there's a little guy pining for the days of the USSR running the country, nations are well-advised to seek safety in NATO membership.

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  11. 7 hours ago, placeholder said:

    More nonsense from you. In this case anti-semitic claptrap, as well. The Rothschild banks aren't even close to being one of the largest banks in the world. Where did you come up with the nonsense that the Rothschilds own banks in almost every country of the world? And why did you cite those 7 countries as as  the only nations? Got a source for that?  If that's true, given what those countries are like, that actually would be a point in favor of having a Rothschild owned bank in a country.

    And Rotschild does (or did until very recently) have offices in Russia contrary to the anti-semitic claims found on the internet

    Rothschild & Co. Has Office in Russia, Contrary to Conspiracy Claim on Social Media

    Rothschild & Co. has an office in Moscow and has been operating in Russia since the mid-1990s. Yet posts on social media falsely claim that Russia has barred the Rothschild banking family from doing business in the country. The claim is an adaptation of an old conspiracy theory about the family.

    Rothschild & Co. has an office in Moscow and has been operating in Russia since the mid-1990s. Yet posts on social media falsely claim that Russia has barred the Rothschild banking family from doing business in the country. The claim is an adaptation of an old conspiracy theory about the family.

    https://www.factcheck.org/2022/03/rothschild-co-has-office-in-russia-contrary-to-conspiracy-claim-on-social-media/

    Conspiratorialists are both incredibly naive and woefully ignorant of international finance. The Rothschilds, Rockefellers, etc., are yesterday's story. They're almost King Midas or Croessus for all the current clout they have. Their previous fortunes are incredibly dispersed, and because the family fund managers have been purposely ultra conservative, the return in an environment of ZIRP has been minimal.

     

    The fortunes of Musk, Bezos, Arnault, Zuckerberg et al dwarf what's left of the Rothschilds. Even John D, at his peak---and adjusted for inflation---wasn't worth what Musk was in November when Tesla was trading around $1250.

     

    If Elon Musk or Jeff Bezos called the White House or 10 Downing Street or some other seat of power, the call has maybe a 30% chance of being put through....at least to a senior adviser. If a Rothschild called, the response would be, "Tell him I'm in a meeting", and that only if the operator has heard of the name.

     

    The world has changed, as it always does. Conspiratorialists live in a past that never really existed. So long as it entertains them to believe utter nonsense, good for them. They can knock themselves silly.

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