Hawaiian

On 9/22/2022 at 1:07 AM, Gweiloman said:

Joe Blogs, hmmm. Tried to goggle him, no results as to his resume and expertise. I do know that he titles his videos with cheap clickbaits such as Russia economy will be wiped out for 8 years or China heading for economic collapse. Strange that no real experts share his views.

No wonder you got no results.  "Tried to goggle him"  Hmmm.

9 minutes ago, Dan O said:

I believe most already know about China but glad I could help you. 

Preaching to the choir?

Pre

1 minute ago, Dan O said:

Nothing to tell about the Federal Reserve that you cant find if you look it up on Google. 

 

I didn't say you mention Federal Reserve did I? They set interest rates which in turn affects the flow of money which in turn is one major contributor on this cycle of inflation.  

Preaching to the choir, again.

6 hours ago, LivingNThailand said:

Link doesn't work.   Do you have another.  I'd like to see it.

Try this:

8 hours ago, Dan O said:

Yeah, it appears you know little to nothing about what started this latest round of financial chaos.

 

This all started with Trump era economics and the excessive over funding of the US with free money due to covid. It wasn't necessary to fund big corps with excessive free cash which started the bubble of excessive profits and inflated share pricing. 

 

Had that not occurred the current rate increases would never have happened and the follow-on impact to other currencies wouldn't be so dramatic.

 

Funny how folks from other countries like to bash the US but their the first in line asking for help and support.

Who is to blame for today's high inflation rate?  Biden supporters blame Trump and Trump supporters blame Biden.  Here is one well know economist's explanation:  https://news.stanford.edu/2022/09/06/what-causes-inflation/

4 hours ago, Dan O said:

And why should anyone trust the Chinese considering the total control that the government has over their currency and the bankrupt condition China is in .

Thank you for letting us know how untrustworthy China is.

4 hours ago, Dan O said:

There's much more to the story than those two issues and the cause isn't from biden.

 

The Federal Reserves action are not controlled by the President in any manner. 

 

 Spending on infrastructure is a positive and long overdue. It is  badly needed and will generate returns in excess of spending, create jobs and fix issues ignored by Republicans for far too long. 

 

 Not sure what your referring to with the green new deal??? 

Feel free to elaborate on the rest of the story.  And while you are at it tell us more about the independence of the federal reserve, which by the way I did not mention.

1 hour ago, Dan O said:

Yeah, it appears you know little to nothing about what started this latest round of financial chaos.

 

This all started with Trump era economics and the excessive over funding of the US with free money due to covid. It wasn't necessary to fund big corps with excessive free cash which started the bubble of excessive profits and inflated share pricing. 

 

Had that not occurred the current rate increases would never have happened and the follow-on impact to other currencies wouldn't be so dramatic.

 

Funny how folks from other countries like to bash the US but their the first in line asking for help and support.

As Paul Harvey used to say, "Now for the rest of the story."  Yes, Trump was responsible for doling out a lot of free money believing it would help relieve the stresses brought on by Covid and avert a major financial crisis.  It helped many Americans and businesses stave off financial ruin. Because time was of the essence a lot of  money went to the wrong people.

 On the other hand, Biden in his bid to keep him and his party in power is continuing the spending spree which has just added fuel to the inflation fire.  Cancellation of student loan debt is not a national emergency.  Neither is the Green New Deal.  These two programs will surely cost more than what the Covid rescue package cost.

16 hours ago, AnotherFarang8 said:

Debt ridden fiat currencies are starting to fall noticeably now. Central banks of the world one by one give up on their promises to hawkishly fight inflation, instead they restart Quantitative Easings aka money printing. European CB back in July, British CB yesterday, Japan has been doing it for a long time. Fed is the strongest duck in a row but at some point rates will be so high that debt payments can no longer be served, and Fed will fold too and restart injecting cash on the scale that Covid time injections will look a child’s play, to avoid cascading bankruptcies. If you think you know inflation you have seen nothing yet.

Bingo!  You hit the nail on the head.  The rise in interest rates means more printing of money to service the debt.  If the dollar were not the chief reserve currency of the world this would not be possible.  So far China has not been able to replace the dollar with the yuan.  Distrust of China has been growing so most countries don't want to abandon the dollar.

On 9/23/2022 at 7:18 PM, placnx said:

Now we are in the 21st Century (but unfortunately have to live with the United Nations created in the last millenium). What some countries did in those previous centuries is no longer appropriate behaviour, i.e. slavery, wars of agression, bribery of foreign officials, and debt trap diplomacy. I wish that whataboutism would be outlawed on this forum. 

There are many online videos claiming that China has not engaged in debt trap diplomacy.  Call it anything you want, the fact remains that the roughly one trillion dollars China has loaned to debt strapped countries is causing serious economic problems not only for the borrowers, but also for the worlds biggest lender.

The Chinese economy is already suffering from the world largest real estate crisis and now defaulting loans are creating another crisis for Chinese banks.  The video "China Won't Rule the World" at https://www.youtube.com/watch?v=tw-NrqYdDT8  shows why China is most likely heading to a recession.

2 hours ago, Gweiloman said:

Caveat:  Never argue with people that are always right even when they are wrong.
Thanks for the advice.

Caveat: Only speak when spoken to.

10 minutes ago, placnx said:

For many years gold has not been a good investment. Lately it performed opposite of what is expected. When inflation arrived it should have gone up, but the propect of rising interest rates interfered.

I bought high end gold coins five years ago.  Most of them are up 75 to 100% and will continue to appreciate no matter what gold does because they are collectors items.

2 hours ago, ThailandRyan said:

So the soaring prices are all because of the sanctions and have nothing to do with the 2 plus years the global economy has been suffering due to the pandemic and supply chain issues?  Your again believing your own propaganda.  Prices in Thailand are rising not because of the sanctions on Russia or China or N. Korea, prices here are rising just like all around the world.  Food prices here are increasing because there are more costs associated with growing crops and also because of the weather changes.  The real-estate market here is also continuing to bang-on with more and more building as Thailand believes folks will come and buy it.  Look at the new LTR Visa class and you can see how they are hoping it lifts the economy here.  The USD to Thb has nothing to do with anything except the fact that the US is doing something about inflation or trying to by raising interest rates, while in Thailand the BOT is scared to do the same.  The issues are global and not just because of one country as you seem to believe.  Never said I supported the Orange one or the current one in the WH.  You seem to believe in conspiracy theories of which I base my views on reality and view all news sources giving each one a middle of the road view which I verify looking elsewhere as well.  You want to believe one side it appears.  Be my guest, I however will stay in the middle area which I call the Gray Area and watch as China creates more anger amongst is people and Russia does the same.  Thailand has already turned the country backwards 20 years in my view.

This is a rational explanation of the inflation issue:  https://www.profolus.com/topics/causes-of-the-2021-2022-global-inflation-surge/?utm

29 minutes ago, ThailandRyan said:

To this we will agree to disagree. End of....

I agree with you.  There are multiple reasons for worldwide inflation, including rising prices in Thailand. Supply chain issues caused by the pandemic created shortages which resulted in steep rises in the commodity markets.  The invasion of Ukraine which interrupted grain and fertilizer shipments also caused more  shortages and inflation.  There were already shortages before sanctions by the West.  They only created more shortages.  Simply put, there is no one single cause for this inflation.

Caveat:  Never argue with people that are always right even when they are wrong.

On 9/9/2022 at 2:18 AM, fusion58 said:

That would be the greatest military blunder in the history of warfare as such an invasion would be all but strategically impossible...

 

https://youtu.be/p6sCsOdqXQw

I finally took the time to watch the video.  Let's hope Xi understands the grave risks in invading Taiwan.  The U.S. is the wild card because no one really knows how America will react.  If the U.S. get militarily involved, Japan will surely follow, and most likely the Aussies will join in.  India may take advantage of the situation and start occupying long disputed territory claimed by both countries.  Then what?

On 9/10/2022 at 9:41 PM, Gweiloman said:

The property market collapse in China, although alarming (100,000 households) is actually rather insignificant in the greater scheme of things. 100k in a country like Thailand of 70 million people is a large number. In a country of 1.4 billion, not quite as large.

 

By all accounts, China might slip into a recession, just like the rest of the world. However, as the world’s largest importer of so many goods, a recession will affect many other countries that depends on China, not just Thailand. I’m sure that many business owners around the world are hoping that China will stay strong and purchase their products.

China Economy reporters, Yujing Liu and Tom Hancock, have written an article for Bloomberg Businessweek (8/22/2022) about some of the problems plaguing the Chinese economy.  Much of it conflicts with what you and others have posted such as downplaying the property market collapse.  Of course, you will dismiss what they have written since it appears in a "hypocritical" American publication.

9 hours ago, Kopitiam said:

What do you mean?  China dropped 3 places (from 4th to 7th) being largest exporter of immigrants and they still increase by more than 125%?

I went back to read the rest of the ChinaFile Infographic of February 3, 2015.  Very interesting......47% of wealthy Chinese plan on leaving the country in the next 5 years compared to the worldwide average of 29% for all countries.  It goes on to give further details.

8 hours ago, ThailandRyan said:

Your having a hard time with this aren't you. China had 125% more citizens leave China then the previous year.  How many landed in Thailand is anyone's guess. I know of 2 that left China, though Hong Ko g and have repatriated here.  They had most of there monies tied up in the US. Now they have bought a leasehold 25 million Thb home in Phuket.

I corrected my error.  See my rely to Kopitiam.

8 hours ago, Kopitiam said:

What do you mean?  China dropped 3 places (from 4th to 7th) being largest exporter of immigrants and they still increase by more than 125%?

My apologies.  I mistakenly mixed up the numbers. It should have read 7th largest....to....4th largest.  Another clarification is that the article was written in 2015, so this jump occurred over a 25 year span.  The point I was trying to make is that Chinese are fleeing their country in increasing numbers.  As Xi becomes more ruthless in silencing dissent if would seem reasonable to assume the figures haven't changed much.

58 minutes ago, Gweiloman said:

Absolutely. One family, one child. Policy implemented for the greater good, to prevent over population. As a result, the country and the people prospered, as opposed to India, Africa etc. That’s what good governance is all about.

This policy has created a nightmare for those whose births were never recorded because their parents were afraid of prosecution or infanticide by the authorities.  Some of these unfortunate people have managed to flee to the outside world to tell their story.

3 minutes ago, metisdead said:

Off topic posts and the replies have been removed.  

 

A post in which the quoted content had been altered to change the context of the quoted content and the replies have been removed:

 

28. You will not make changes to messages quoted from other members posts, except for purposes of shortening the quoted post. Do not shorten any post in a way that alters the context of the original post. Do not change the formatting of the post you are quoting.

Thank you for being a watchful moderator.

1 hour ago, Baron Samedi said:

Fair enough ????

 

So many? How many exactly?

 

It's not even true. There has been a clear trend of young educated Chinese people staying in their country rather than moving to the US or Europe because of the many opportunities in China in comparison to the West.

 

Things right now aren't rosy anywhere. How many Americans are "fleeing" the US and Europeans are "fleeing" Europe ? A bunch. This is just the reality of our world - people are displeased with the state of affairs where they live and want to see if the grass is greener elsewhere. So if they can afford it, they move.

 

And usually they go back home after a few years ????

I wrote "trying to flee the country."

A quote from a ChinaFile article titled, Wealthy Chinese Are Fleeing the Country Like Mad........."Since 1990, China has gone from being the 4th largest exporter of immigrants to the 7th largest, an increase of more than 125%. Chinese people are immigrating in ever greater numbers, particularly the wealthy." 

If you took the time to actually do some research you would find a lot more information that validates what I have said.  But then, this is not what a Wu Mao does.

1 hour ago, Gknrd said:

I love BKK in the rainy season. The only time I come into BKK is in the rainy season because I can breath here during the rainy season.. haha...  I avoid it like the plague otherwise.

I also love MBK and Siam square. BKK is one of my favorite cities in the world, but only when it rains daily.. ... 

I know I am being selfish, but I hope the zero covid policy in China lasts for years. Keep it locked down. I am enjoying my self here more than I have in years.

Thanks Xi.

As a lifelong resident of the rainiest city in the USA, I prefer to visit right after the rainy season.  Our friends drive us all over Thailand to visit places, even places they have not been to before.   October and November has been ideal for us.