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koolkarl

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Everything posted by koolkarl

  1. You have no idea what you are talking about. Study first before blabbing.
  2. Where did Abbas get his PhD, in a crackerjack box? He is extremely ignorant and only makes complex matters worse. Israel has made important technological inventions; what have the Palestinians contributed to the world? Israel is simply defending itself. The Palestinians don't need to worry, Air Canada is waiting for them at the airport !
  3. Normally money flows to higher interest rate country (western) except Switzerland is an exception. Thailand is not Switzerland. Baht is very heavily manipulated as are the interest rates. And yes interest rates here are pathetic.
  4. The baht is grossly overvalued for numerous reasons and will depreciate a lot against the USD over time.
  5. A lot more food on the floor and in women"s purses at all you can eat buffets. I haven't met a Thai yet who even likes Chinese. Don't forget mile long lineups at the airports too.
  6. Except my originating bank only uses wire transfer and nothing else is permitted.
  7. Your bank makes money on the conversion of sterling to baht. Read carefully what I wrote.
  8. If you wire Thai baht to Thailand from outside Thailand, the funds first go to the Bank of Thailand and then to Siam Commercial Bank. They deduct 1000 baht and then reroute the money to the final destination bank who helps themselves to a further 795 baht in Bangkok Bank's case. This is excluding the wire fee from the originating bank. If you wire USD to Thailand, it always goes via JPM in NY who takes $50 US to reroute funds to your Thai Bank, who again charge money to receive the funds plus make money converting the USD to THB. What a racket.
  9. Authorities should spend their time doing useful things like a thorough investigation of the newly elected PM, making sure there will never be indiscriminate burning again, taxing Thaksin's and Sleepy's watches, etc., instead of denying people some fun.
  10. The US doesn't want its products banned from Thailand. Everything revolves around money.
  11. And what do the Thai people do? Complain on social media. Big deal.
  12. He arrives the same day the new puppet PM gets the job, his friend. The new PM will pardon him very shortly.
  13. Prices for just about everything have been rising about 10% per year for years already. He hasn't explained how he calculates the Thai inflation rate each year. I can get 5.5% interest on US funds outside this country compares to 1.5% paid by Thai banks in baht. The baht should be far weaker against the USD and a USD swap line must be used to keep the baht at it's ridiculous level. I notice that no members are looking at this article. Government loves apathy.
  14. There is only 1 thing all politicians are afraid of and force them to do what the people want and it isn't waving a sign. Up until a few weeks ago, army helicopters flew daily over Chiang Mai looking out for large gatherings I am sure. Entire political process is well orchestrated.
  15. Thankfully they have the printing presses running 24/7. The entire military costs and space program have always been off balance sheet. In other words, they don't care how much they spend. US power comes from the USD being the reserve currency of the world. Without it, they are done. Going off the gold standard gave politicians the green light to spend at will. Then there is Japan. A new definition for being bankrupt. Entire financial system is smoke and mirrors.
  16. I just came off the Ring Rd. and for about 2 km. this old diesel pick up truck was belching black smoke the entire way. That is one reason why the ice is missing.
  17. Do they look at the price of used furniture to calculate their CPI? Everything I buy has been rising 10% per year for ages already. With interest here far below the US, the Bank of Thailand has been busy selling USD via their swap line and buying baht non stop. Most obvious case of currency manipulation.
  18. Now a full independent audit on all his and his wife's bank accounts, especially wire transfers out of the country.
  19. Told you the handsome fellow with the most expensive watches on the planet will be PM, elected or not. Assuming he can stay awake or not pick his nose in front of a camera. A true dog and pony show.
  20. All planned for him to be the next PM, elected or not. Wonder if he has submitted a recent statement of assets?
  21. A form of bribery so the masses feel good and don't riot.
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