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chicowoodduck

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Posts posted by chicowoodduck

  1. 18 hours ago, Brunolem said:

    You are perfectly right.

     

    There are plenty of very serious and reliable authors who are expecting what you describe, sooner than later...and most of them indeed strongly recommend to have some gold, preferably in coins and safely stored with you.

     

    What some members above don't understand is that in case of major inflation, or even hyperinflation, which is to be expected, as in some EM now, is that the price of gold inflates simultaneously, so that whatever the prices are, you keep your purchasing power, while those who are in fiat currency cash lose 10% or more every week, or month...

     

    It is also very likely that the next crash will be much bigger than the previous one, because the amount of debt is at record levels everywhere, especially in the junk debt market.

     

    Where things will start to unravel doesn't really matter since, thanks to globalization, everything is connected to everything everywhere.

     

    And yes, bail in, as in taking money out of customers' deposits to refinance a bank, are more than likely...why would they have created the new regulations for that otherwise?

     

    Normally, one is safe up to 100,000 dollars or euros, guaranteed by the FDIC or other entities.

     

    Yet, it may be prudent to reduce that amount by half.

     

    Also prudent is to avoid dealing with the too big to fail banks, which are the most rotten ones (Deutsche Bank, BNP Paribas, HSBC, Italian banks and so on...).

     

    If you want more information, I can give you a long list of websites and blogs run by serious people, such as David Stockman, former Director of Budget in Ronald Reagan administration.

     

     

     

     

    Serious people on the web?  Got my good laugh for the day.....like saying serious people on Thaivisa????

  2. 6 hours ago, balo said:

    Terrible news, just waiting in the ATM queue when in the beginning of the month the locals try to transfer money 10 times to their friends they owe money too .   

     

    So if you just want to buy a bottle of water it could take forever.

     

     

     

    All the friends they owe money too except for me......lol...?

    • Sad 1
  3. 16 minutes ago, Peterw42 said:

    I would agree, especially the Nakua walking st in high season. Around at jomtien is similar, close to all the Pattaya infrastructure but away from the sexpat areas and crowds. Local markets and restaurants almost like living in a village.

    And very soon the Terminal 21.....??

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