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phomsanuk

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Posts posted by phomsanuk

  1. Flies in the beer

    An Englishman, Irishman and Scotsman go into a pub and each order a pint of Guinness. Just as the bartender hands them over, three flies buzz down and one lands in each of the pints.

    The Englishman looks disgusted, pushes his pint away and demands another pint.

    The Irishman picks out the fly, shrugs, and takes a long swallow of the lovely liguid.

    The Scotsman reaches in to the glass, pinches the fly between his fingers and shakes him while yelling, "Spit it out, ya bastard! Spit it out!"

  2. If this is any indication there's not much light at the end of the tunnel, The US$ is stronger than the GBP currently.

    "The markets are willing to accept virtually the same yield from the Thai government as they do from the American." Economist. Does this mean that investors have as little confidence in the USA as it has for a country in strife and the leader of the Asian crisis of the late 90's?

    If the Chinese currency strengthens so will the baht.

    Gun

    To Transom et al,

    The 45 was manufactured for the troops in the American philippins war seems the previous issue weapon didn't stop the flips.

    I had an employee shot 5 times at close range with a 45 and survivedB)

  3. Funny money has been a political tool forever,

    The Romans had precious metals as their currency and do you know the term "debase"? The Roman politicians had the brilliant idea that if a coin was 100% pure precious metal, they could slip a little base metal in and, over a couple of hundred years, they went from 100% pure precious metal to almost 0%. That's where the term "debase" comes from

    Having said that some think gold is the solution.

    Quotes, Investors and speculators have good reasons to turn to gold in the midst of unorthodox monetary policies and high fiscal deficits. As long as low interest rates and high volatility persist, the markets will expect the curse of inflation - and the continuing high gold price is the sure result. - Hossein Askari and Noureddine Krichene The world's economic expansion since Franklin D Roosevelt took the United States off gold in 1933 does not make it impossible for the world - or an individual country - to return to the gold standard. Just as honesty is practicable and constitutions should be followed, a return to the gold standard is both possible and necessary. - Antal E Fekete

    Iwould like to note that the Thai seem to understand the value of gold better than most. :)

  4. Funny money has been a political tool forever,

    The Romans had precious metals as their currency and do you know the term “debase”? The Roman politicians had the brilliant idea that if a coin was 100% pure precious metal, they could slip a little base metal in and, over a couple of hundred years, they went from 100% pure precious metal to almost 0%. That’s where the term “debase” comes from

  5. One misstep was a failure of long-term thinking. During the good years, neither Abhisit’s Democrat Party nor Thaksin’s Thai Rak Thai Party, which first took power in 2001, invested enough in overhauling an archaic education system, which emphasizes basic literacy and rote memorization. Thailand’s scores on the TOEFL exam, the test of English skills for students heading to university, now consistently rank among the lowest in Asia

  6. Americas contribution to the crsis,

    Government logic. In a bid to stem taxpayer losses for bad loans guaranteed by federal housing agencies Fanny Mae and Freddy Mac, Senator Bob Corker (R-Tenn) proposed that borrowers be required to make a 5% down payment in order to qualify. His proposal was rejected 57-42 on a party-line vote because, as Senator Chris Dodd (D-Conn) explained, "passage of such a requirement would restrict home ownership to only those who can afford it." People with no money can still vote [for me]....

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