ericbj
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Some ramifications of the US-China trade war: "US price tag for China's gallium export ban: $602 billion and new monopolies for Huawei" https://youtu.be/Qp4DNpJjHSs
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Whether or not Trump is "going soft" on China, he would be well advised to do so. It is possible that some have not been following the global economic news. Of how China has begun retaliating against the U.S. by imposing … sanctions. The Chinese are starting to play the win-lose game, in place of their avowed "win-win" strategy. Restricting imports of, for example, U.S. agricultural produce, and banning exports of, for example, rare earths. Time will tell who loses the most.
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Here is a place for Americans to Apologize to Canadians
ericbj replied to Jingthing's topic in Political Soapbox
Is it a deliberate ploy of the Deep State (essentially agents of U.S. oligarchs) to encumber voters with either egotistic-bombasts or script-readers as candidates ? Perhaps Trump envisages a new War Plan Red. In which case Canadians will need a Defence Scheme No.2. It is interesting to remark that U.S. forces have several times attempted to conquer what is now known as Canada. And each time failed. "We were refugees, American loyalists, British soldiers, First Nations, a mixed bag of people who realized they had a common land to defend." Reference to the War of 1812. https://www.history.com/news/how-u-s-forces-failed-to-conquer-canada-200-years-ago -
Taxation Registration
ericbj replied to StevieAus's topic in Jobs, Economy, Banking, Business, Investments
The problem is whether my remittances from the UK to my Thai bank account are assessable. The local tax office seems to think they are not. Unfortunately my reading of things differs; despite the fact that I have no desire to pay tax. And also no desire to be penalised for not paying it. Have certainly brought in more than the 60K baht required to register; failing which one may be subject to a fine. You have prompted me to do a quick check on how much I have remitted to my Thai bank account this year and it looks to be just under 300K. So one needs now to take into account allowances. My expenditure well exceeds 300K baht because of purchases overseas and in Thailand made with foreign credit and debit cards. Notably about 200K for outpatient treatment in a Thai hospital, not covered by my accident-only-inpatient-only health insurance. [At 80 years of age health insurance becomes prohibitively expensive] -
Taxation Registration
ericbj replied to StevieAus's topic in Jobs, Economy, Banking, Business, Investments
It seems that without a TIN you cannot pay Thai income tax. And yet, if you receive in Thailand in one tax year (1st Jan. to 31st Dec.) at least 60,000 baht, you are obliged to register for tax. I.e. to obtain a TIN. Failing which a fine, even if income is below the tax threshold. "Receiving in Thailand" includes transfers to Thailand from abroad. For me, Thai derived income is negligible, being only interest on a bank deposit account (from which I believe tax is deducted at source). But I remit to Thailand, from time to time, several months-worth of my measly UK DWP pension. Plus a bit derived from savings; savings that are held as precious metals and converted into fiat currency as needed. On Wednesday I went to the local tax office to ask for the form to fill in to request a TIN. However the person I dealt with, who appeared to be the manager, felt I was not eligible for a TIN because not having significant income from within Thailand. I pointed out I receive transfers from abroad into my Thai bank account; and showed him my passbook. He studied this and my passport with its 'O' visa, spoke of making photocopies but did not do so, made some telephone calls, studied his computer, and finally it was arranged I should come back another day. Seems no foreigners in these parts are registered to pay tax unless they have a business or are employees. I can see one further hurdle, if all other obstacles are cleared. According to online doc., a copy of one's rent agreement is required. I have none. Despite renting the same house since 1st December 2007. If I ask for a rent agreement, through the intermediary of an employee at the business of the house-owner's son-in-law (since I have not seen the house-owner for several years) there is a high risk of a rent increase. -
K bank E-mail with Tax Forms attached ?
ericbj replied to offset's topic in Jobs, Economy, Banking, Business, Investments
Received these forms, which were sent to me at an old e-mail address on 23 November, but only recently sighted, then forwarded to my current e-mail address with Posteo because on Gmail they could not be printed correctly. With Posteo I use my old and trusted e-mail client, Pegasus, using true e-mail protocols [SMTP and POP3] and can view in 'Raw View' the full headers, showing the path by which it came. Don't know how to do that with web-mail, assuming it is possible. So origin untraceable. The final (3rd) page of the "FATCA/CRS Individual Self-Certification" requires one to sign as agreeing to "the terms and conditions specified herein, which include permitting the disclosure of information, account witholding and termination of bankinng/business relationship." 🙂 At least they don't ask me to sign my own Death Certificate! None of these forms have as yet been received from my other Thai bank. Did however have to fill in essentially the same U.S. IRS forms for my E.U. on-line stockbrokers a year or two ago. Maybe because I hold a few U.S. shares. -
What exactly is an "either/or account"? When I, accompanied by friend, asked to open a joint savings account with the SCB, they asked "Both to sign, or either to sign?" I replied "Either to sign." We both have ATM cards for the account This account is in case of necessary expenditure when I happen to be abroad; or if incapacitated. The friend is a long-standing acquaintance, whom, years ago, I assisted during more than eight years with her studies for an Australian Open University degree.
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Massage Parlour Visits Turn Fatal: Singaporean Tourist and Thai Singer Die
ericbj replied to webfact's topic in Thailand News
If you are going to ban massage on the grounds of a few deaths, whose exact cause has not yet been elucidated, then it is more urgent to lock up doctors. Iatrogenic disease is said to be the third leading cause of death. At least in the U.S. https://www.ncbi.nlm.nih.gov/books/NBK225187/ Nothing new as far as I am concerned, having read Ivan Illich's 'Medical Nemesis' more than half a century ago. https://pmc.ncbi.nlm.nih.gov/articles/PMC1122871/ Why do certain sorts of information take so many years to reach a broader audience? -
Massage Parlour Visits Turn Fatal: Singaporean Tourist and Thai Singer Die
ericbj replied to webfact's topic in Thailand News
Have had Thai massage a number of times over the years, none recently, without incident. Once, maybe 15 years ago, when visiting a hospital about poor circulation in the legs, I asked the doctor if massage might help. His answer "No!" and then "Not Thai massage." If there is pain that could be linked to a displaced bone, from whatever cause, consider seeing a qualified chiropractor. There are few in Thailand but they do exist. Years ago when staying with friends near Chiang Mai, I awoke with an acute pain in the back of the neck. I could not turn my head. Could not rise from the bed; had to roll off it. Had a piercing headache. An English chiropractor at the Rajavej hospital found a small bone out of place, and pushed it back. Total and instant cure ! -
The Color of Your Urine: What It Might Say About Your Health
ericbj replied to CharlieH's topic in The Wellness Zone
The urine colour test is undoubtedly a useful indicator. But I think not infallible, for the following reason . I used to drink a lot of liquid in the form of tea and coffee (mainly the former). I was peeing frequently and my urine was a pale yellow, seemingly indicating good hydration. But these beverages are known for their dehydrating effect upon the body and should be accompanied by an equal amount of warm water (as seems to be recognised traditionally in these parts). Recently, at the end of dinner at a friend's house, she offered me a mug of strong green tea. Thereafter I was peeing all evening and up umpteen times throughout the night, divesting myself of far more fluid than I had drunk. -
My Thai Girlfriend Wants Breast Implants. Should I Approve?
ericbj replied to hankypankee's topic in ASEAN NOW Community Pub
Advise her of known risks: https://www.fda.gov/medical-devices/breast-implants/risks-and-complications-breast-implants https://www.health.harvard.edu/womens-health/could-your-breast-implants-be-making-you-sick https://www.americanboardcosmeticsurgery.org/cosmetic-medicine/breast-enhancement-surgery/breast-augmentation-complications-risks/ -
[Hereby is remedied "unsubstantiated allegations with no supporting, credible evidence or link" which resulted in removal of my previous post.] You need to define what you mean by "strongest". I presume that in the present context you are referring to the financially strongest, i.e. the wealthiest. So George Soros would be a prime example. A Nazi collaborator during the 39-45 War, which reinforces your view that lack of ethics can pay off. (True, he was only a teenager assisting his father) "George Soros CLEARLY admits to assisting Nazis to rob Hungarian Jews in WWII (CBS 1998)" He gained much of his wealth through a flawed global financial system (i.e. post-1971), gaining about a billion dollars speculating against the GBP. "How Did George Soros Break the Bank of England?" https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp '(which cost me about a third of my savings)' The fall of the GBP against the FRF over a period of months was, according to historical records, less than I recalled: from around 11 to a little over 8 French francs. And later threatening starvation in Malaysia and elsewhere. "The Day Malaysia’s Economy Fell Apart! What Happened?" Before finally losing about two billion USD speculating against the yen. This earlier statement of mine was incorrect (unless a subsequent loss is hidden somewhere): "Soros' yen bets net him $1b in three months" https://www.smh.com.au/business/soros-yen-bets-net-him-1b-in-three-months-20130218-2em9d.html The Tobin tax, if introduced, would have put paid to such antics. "Tobin Tax: What it is, How it Works, Examples" https://www.investopedia.com/terms/t/tobin-tax.asp
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I exposed the realpolitik of the situation, which is based upon power and practicalities. And which is contrary to my opinion on how global relations should function. Realpolitik is far divorced from rights and ethics, which tend to be sadly lacking in the real world. (Look at the situation in Burma, as a glaring example)
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According to The Rules Based Order: 1. The United States has the right to interfere in the politics of other countries. 2. Other countries [such as U.K., Russia] do not have the right to interfere in U.S. politics.