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Longwood50
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Posts posted by Longwood50
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2 minutes ago, Tug said:Back when Trump managed to bankrupt 2 casinos the banks made a decision to continue to fund him on the premise that it was cheaper to keep him than bankrupt him he’s a fraud pure and simple he is what he is
As I said, to the best of my knowledge none of the valuations being argued over today involve any loans not being repaid.
As to the banks actions, did you ever hear of Chapter 11 bankruptcy. Creditors often find it preferable to continue to fund a struggling organization to get some repayment versus siezing assets.
One way or another, the bank and as said, I was a bank executive for many years, you do not take customers financial statements at face value. If you loan money against a home, it has an appraisal. If you loan against business assets, they are appraised. If you loan against a car, it has a blue book value.
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On 10/15/2023 at 8:58 AM, scubascuba3 said:
Maybe do the unthinkable for older people, use the app, Lazada much better than Shopee
Both sites are bad. I think both of them have deliberately bad search engines designed to have you view items you have no interest in. I purchase a lot online and of the two, I prefer Shopee to Lazada.
My biggest complaint with both of them, is they do a lousy job of monitoring fake sellers and removing them. A signficant percentage of time sellers advertise things they don't have merely to obtain your personal information such as name, address, email and phone number to try and scam. -
On 10/7/2023 at 11:41 AM, Chris Daley said:
I can't use any of them anymore. Ebay says I am not a human. JD central locked me out. Lazada says I am a criminal. Shopee won't let me enter the website.
Have you been reported to immigration. Sounds like you are someone who should be deported 🙂
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This is such BS. I am a former bank executive. When financial statements are sent in to a bank for a loan they have to be accompanied by appraisals.
You don't loan money against a building unless it is appraised typically by bonifide cash flow reports that supports it valuation.
I personally have bought businesses and financed them. I was required to get the value of the business appraised and submitted as part of my application for the loan.
Do you really believe if someone, anyone walked into a bank and said, hey look I have properties worth $10 billion dollars that the bank would not question the validity of them and take them the valuation at face value.
Another point, to the best of my knowledge any of the loans that are being questioned are not in default. So irrespective of what those properties are worth how is the bank harmed. It loaned money and is getting it paid back.-
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4 minutes ago, Thorgal said:
Be careful you. Whatever your agenda. Be careful you !
Not my comment.
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3 hours ago, RanongCat said:I doubt many would argue against that.
But the IDF have not "hunted down" . They have relied on non discriminatory air bombardment of civilians .
A couple of points. Is it those civilians who harbored Hamas and provided the location from where the missles were launched.
Also, Hamas has shielded itself in Mosques, schools, hospitals, surrounding themselves with civilians in an attempt to evade being fired upon.
Would you prefer Israel send in ground troops and have those civilians be human shields.
War is an ugly business. At one time opposing armies wore uniforms and faced each other head on in battle. No longer. Everything today is a form of guerrila warefare where the enemy surrounds and cloaks themselves.-
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13 minutes ago, BarraMarra said:
his has <deleted> all to do with this thread.
Oh really, and which part of the OP that says that Israel is at war and the reason for that war is the land do you have difficulty in comprehending.
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It depends on your definition of an offshore account and what your nationality is.
Most places will require you to be physically present to open an account. In certain countries like Panama you have to be a property owner to the best of my knowledge.
British citizens would likely find it easier to open an account in the Bahamas, or Grand Cayman.
My GF who is Norwegian but we live in Thailand was able to open a brokerage account in Singapore. -
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7 minutes ago, Brickleberry said:It was the British who started all of this. What the hell were they thinking, giving away the Arab's land?
It all depends on what date you select to determine whose land it is. For 9,000 years BC the Jews occupied the land. An act of WAR changed that when Rome banished the Jews. The land was not claimed until 1517 when the Ottomans waged war and claimed it. So again an Act of War changed the ownership of the Land. That lasted for exactly 400 years until 1917. The Ottomans backed the Germans in WW1. Guess what, the Germans lost and Britain obtained the land again as An Act Of War. So the British have more right to the land than the Ottomans since both obtained the land via a spoil of war and the British more recently than the Ottomans.
In my opinion the Jews have allowed the Palestinians to occupy that land and unlike the Romans did not level and banish them from the territory. However, when you start to have a population within that group that includes those that would launch 700 missles into Israel, I don't think it is an uncalled response to hunt down kill all those involved and destroy their weapons of war.
One can point over centuries to maps being withdrawn and territories belonging to one country versus another. From a long term historical standpoint the land was Jewish. From a near term standpoint the Land was ceded to the Jews. Only for the period from 1517 to 1917 was the land Arab property.-
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Particular business tax; In case seller possesses the property less than 5 years (Counting from day to day), they need to pay a particular business tax. However, it is exceptional for possessing over than 5 years or has the name in that house registration certificate. This tax is 3.3% calculated from the higher price of either evaluating cost or selling price. Also, the stamp duties fee is exceptional when you pay this particular business tax
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20 minutes ago, Jingthing said:
I call B.S.
The vast majority of people don't have the skills to beat the S.S. payout.
Also the S.S. payout excludes dead people of which there are very many at advanced ages.
That said, the system is quite unfair to demographics of people (particularly black Americans) who statistically die earlier, meaning many more than average never even draw one penny.
You know Jingthing you remind me of a quote from the Seinfeld show where Elaine said to Jerry, just when I think you are the most shallow person in the world you drain just a little more water from the pool.
However with you, its your comments.
Social Security could easily be set up to have the contributions "invested" in a balanced fund or perhaps just the S&P 500. Assuming a person and their employer just contributed $1,000 each year for 40 years and earned the average rate of return on the S&P 500 it would amount to
40 $1,207,188.13 $2,000.00 $130,255.60 $1,337,443.73
As to your comment about blacks Your comment shows you are truly symptomatic of the Dunning Kreuger effect thinking you know far more about subjects than you actually do. This is the average lifespan by race. I guess caucasians should feel discriminated against since they live shorter than Hispanic and much shorter than Asian.
You truly have a mania about "discrimination" or what you perceive as such.
I am surprised you didn't say that social security was obviously biased against gays since studies have shown that the average gay male dies 20 to 30 years sooner than the average heterosexual male.
I know this will come as a shock to you but life ain't fair. Women live longer than men. Asians live the longest of the racial groups. People who smoke die on average younger. Blacks tend to be among the heaviest people by racial group and weight is a huge contributing factor to early death.
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3 minutes ago, TroubleandGrumpy said:True. But it is an artform here in Thailand
Churchill might disagree with you.
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6 minutes ago, retarius said:
But screw what most people want, what do the rich and powerful want? TIT.
What is "most" people in your mind. As I read the survey results it was 41.1% favored a 4:00 closing 41.7% a 2:00 am closing.
I would hardly call that a mandate-
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33 minutes ago, TroubleandGrumpy said:
but they will never never ever blame themselves or their decisions.
Is that any different than any governement Not to get into politics but take Donald Trump he was in office for 1 term 4 years and Biden spent 36 years in the Senate, 8 years as VP and now over 2 years as president but somehow he lays the blame on almost everything on Trump's doorstep. No politician will ever step up and take the blame for their actions
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16 minutes ago, Captain Monday said:
Nice rant. What should I do about it? I never asked for it but as long as I was forced to participate I’ll take my payments
No you are correct. It is really nothing but a forced taxation concealed as "contributions" A contribution is something you do voluntarily. There is nothing voluntary about your social security "contributions"
If they were to ever pay you back plus any sort of market interest for the years invested, it would amount to over $1 millon for most people
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7 minutes ago, KhunLA said:
Yes, originally set up to be self funding and worked just fine, until the criminals started borrowing it.
If it operated as originally intended there would be trillions in the Social Security Trust Fund. Look at Norway they have the largest investment fund in the world at $1.5 trillion dollars. However they government of Norway does not issue bonds, borrow the money and call it invested. The wealth fund invests in stocks around the world. It currently holds 1.4% of all of the worlds stock.
With the USA it always was a Ponzi scheme. You can never have money truly invested unless you are holding some form of investment other than debt from your treasury.
That was never true with Social Security.
The only difference truly was when they moved it from a separate accounting to be part of the general budget. That allowed the surplus to go to the general fund where it is spent. That in truth is precious little difference other than accounting entries. Functionally it remained the same. Excess money was borrowed and spent.-
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5 minutes ago, Mike Lister said:Thailand's tax system has always been supported by the wealthy and by corporates,
With respect to my comments it was not about fairness, it is about financial reality. You want people with money coming to your country and investing. Anything you do to discourage that has negatives.
Like it or not, those big homes are purchased in large part by expatriates. However it is the Thai worker who builds them. You discourage the expatriate from settling in Thailand or residing here full time, the home doesn't get built and the Thai worker is unemployed.
That expatriate that comes to Thailand spends money here and all of that is taxed at the 7% VAT. They stay outside of Thailand for 180 days or don't come at all and all those new taxes you thought you were getting suddenly are diminished or don't happen at all.
The real questions is what is good for your economy. I am a proponent of you want your country to be the most attractive for elements you want inside your borders and the least attractive for elements you don't want. Taxing expatriates is a negative and people will take action to avoid them. The policy is truly a statement that expatriates are not welcome in Thailand
As to your comment about he tax system in Thailand being targeted with the wealthy paying. Everyones tax system is supported by the wealthy. Though much maligned the top 1% of tax payers in the USA pay more income tax than the bottom 90% combined. Poor people don't have money and hence you can not get money from someone who does not have it.
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1 hour ago, Captain Monday said:
US social security is NOT a pension it is more of a mandatory insurance policy.
The USA social security system is the worlds largest Ponzi scheme.
There is NO MONEY IN SOCIAL SECURITY as it is structured there can't be.
1. Money comes into the government and is earmarked as social security
2. Money then is "borrowed" and replaced with IOU's called Treasury Bonds and called "invested" - So the government owes back to the social security trust fund the money borrowed.
3. The US governement unable to pay its ongoing expenditures borrows more money to pay the interest on the bonds owed to social security4. All the money from current workers is used to pay the benefits to retired recipients
5. This system is merely accounting smoke and mirrors. It relys totally on new cash from current workers and borrowed money.
You can not loan money to yourself and call it invested. It like spending the cash in your left pocket and putting a piece of paper called an IOU in your right pocket and saying, no see I still have the money its invested.-
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There is a basic law of economics.
You subsidize things you want more ofYou tax things you want less of
You tax things like gas guzzling cars, cigarettes, alcohol, in part to reduce the purchase of them.
There is an old adage that Be Careful What You Wish For Because It May Come True
About the time that there is a diminished expatriate population in Thailand and the taxi drivers, hospitals, restaurants, condo developements etc also don't have customers, only then will the politicians realize that for every action there is a reaction and in this case I suggest Thailand not the foreigner who chooses not to come will be the loser.-
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If electric cars were truly a cost effective alternative there would be no need to actively promote them. Consumers recongizing their benefits would buy them.
Instead they are being shoved down everyones throat without regard to the very real negatives that they have.
Having driven in Thailand it is far from unusual to not have to traverse through flooded streets. As this couple found out you do so at your own peril. Water seeped into the battery compartment and ruined the cars battery.
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7 hours ago, webfact said:
The poll, recently conducted with a total of 1,310 people from all walks of life in all regions of the country, has found 41.7% of the respondents say entertainment venues should open until 2.00 a.m. as currently legally allowed.
That compared to 41.1% of the respondents who say entertainment places should legally open until 4.00 a.m. as planned by the Pheu Thai-led government.
I can understand people objecting to something if it impacts them.
Why would I care that an establishment stays open until 4:00 am vs 2:00 am. Do I care if Makro stays open 24 hours a day or that Central decides to open until 3:00 am.
I see about as much sense in limiting hours of those establishments to the law that allows alcohol sales only between 11:00 - 14:00 and after 17:00.
A law passed in search of a need for it.-
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55 minutes ago, owl sees all said:This 'International Law' only applies when it suits the powerful to point the finger at smaller nations. Usually ones they don't like..
The US, Israel and UK do what the hell they like around the world.
So let me see, according to you a country should just accept getting 7000 missles launched into populated civilian areas and do nothing.
I can argue both ways relative to the rightful inhabitants of Palestine. Up to 9000 years before Christ the Jews inhabited the land. They lost it. For 400 years the Ottamans ruled the area but following WWI they followed the Germans and the British took possession of the territory. In 1947 the UN with the backing of Britain gave the land to the Jews.
Events in history have changed the map of all of the world for centuries. Much of the world is Muslim not by choice but by conquest. However when you have an enemy who hates you and whose own religion calls for your death, and you are attacked, I see little corelation between responding to the attack and doing what you say. What the Hell they Like around the world
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On 10/7/2023 at 6:41 PM, Brickleberry said:
Is it really a war when only one side has cruise missiles, Navy Jet fighter planes and a professionally trained army with high tech weapons? Nope. This is called genocide.
Which part of Hamas started this when it launched the missles confuses you.
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Michael Cohen says he inflated assets to ‘whatever number Trump told us to’
in World News
Posted
Making false statements is a crime. However the loan payments do have a bearing on it. Where is the injury to the bank?
If Trump was not being persecuted because he is hated by the left, the bank which ostensibly is the injured party would not be bringing the action. This is purely political BS.
The bank if the financial statements were false is also guilty of not performing its duty to verify.
If you pull virtually any financial statement from any loan you can argue that it is not 100% accurate. As to valuations of buildings. They are all "subjective" The valuation can only be established at the time of sale. Further, valuations fluctuate wildly from period to period.
When I was doing assessing valuations for accounts back in the 1980's huge blocks of real estate we deemed as worthy of "holding" for future appreciation. In truth we couldn't give those buildings away Texas oil crashed and building valuations were a joke because no one wanted them at any price. Today, those same buildings are worth hundreds of milllions. So did we the bankers make a mistake in calling those buildings worthwhile holdings. Pure subjectivity.