kuffki

Naam is right, the Thai reserve is well over 100 billion dollars.

Yes he is http://www.imf.org/external/np/sta/ir/tha/eng/curtha.htm

Note the last update and the notes stating"Current Data: In Millions of US Dollars (end of period)"

Again goes to show how much people know and research prior to posting!

Well Chiang Mai, you are a platinum member with over 2500 posts, so you tell me after reading the original post,who has addressed the actual question,who understands basic economics or exchange rates?Just the fact that some people think 10,000 baht is a lot of money goes to show their ability's

So you right, no point in wasting time. I was hoping to get an educated responses with some theory's, instead got some blah blah about blah

member britmaverick explained it already and i second his explanation. you of course are so wrapped in your own incoherent blah-blah

-I have been living in Thailand for past 5 years...

-Can anyone please explain how thai baht remain sooooo strong?

-I understand that Thai baht is measured compared to USD

-I have studied business, and consider myself a fairly smart man, but...

that you don't listen to the only logical explanation which, by the way, was discussed by presenting facts and figures in several other threads

Naam! just the fact that you have over 7500 posts shows you have no life but to spend it on the computer! 110 billion is Chinese reserve not Thai-get your facts straight before posting it.

Its amazing!!! so many posts and so few people actually posting something useful!

Just proves the point of how many people have nothing to do but sit around and post"crap" and believe how smart they are

I was going to post an important opinion that I thought would help the debate but then I realized, you would believe it to be crap so I've decided not to waste my time or yours.

Well Chiang Mai, you are a platinum member with over 2500 posts, so you tell me after reading the original post,who has addressed the actual question,who understands basic economics or exchange rates?Just the fact that some people think 10,000 baht is a lot of money goes to show their ability's

So you right, no point in wasting time. I was hoping to get an educated responses with some theory's, instead got some blah blah about blah

Its amazing!!! so many posts and so few people actually posting something useful!

Just proves the point of how many people have nothing to do but sit around and post"crap" and believe how smart they are

You are all missing the point and comparing the Thai economy today to the Farang economies that we thought existed just SIX MONTHS ago.

I am too tired to write a lot on this subject now, but take the following simple premises

- The west is in debt to Asia

- The west has moved its production to Asia

- The west has moved its technology to Asia (just look at the number of Asian students in the west studying USEFUL technology and not history of frigging art)

- The west has unbelievably and inconceivably immense problems with the banking industry (can you relate to one trillion of ANYTHING)

- There are still MORE problems to surface in the west with pension schemes and banking bailouts (have you seen an INCREASE or REDUCTION in the reports or figure coming out?)

- large and increasing unemployment and who is to pay for it?

- massive government overhead in the economies

Anybody care to argue its not true? Anybody see a solution?

Now look at Thailand

- net exporter

- no banking problems

- no pension scheme disaster on the way

- trade surplus

Just take any of the negatives in the West and give me a corresponding negative here. I can't find a single one.

The only reason I can find in all of the posts in TV, talking to friends, tourists that people think the problem will be bad here is that WITHOUT EXCEPTION they all think that Asia NEEDS the WEST.

My answer is WHY?

It seems blatantly obvious to me that Asia does NOT need the West in the medium to long term.

In the same way that the west had it's industrial revolution, wars and economic recovery thereafter WITHOUT Asia, now Asia is standing in the same position but FAR FAR better positioned.

The west, in my opinion, has totally blown it with greed, the uncontrolled, unregulated banking system and compliant politicians too scared to do anything to stop it all.

Open your eyes, and just watch the ticker on http://www.bloomberg.com/?b=0&Intro=intro3

Do you see any bailouts in Asia? Banking failures?

I am now having sleepless nights wondering how to limit the damage to my finances and re-establish a secure future which I had just six months ago before Iceland collapsed, exchange rates went wild and interest rates came down to zero.

If you are sitting complacently then I suggest that you

- have enough to ride out any eventuality or

- cannot do anything because you are tied up to a pension or assets you cannot move or

- have not tried to understand what is happening in the world and hope the problems will just go away or

- are already involved in Asia with a secure income

let the flaming start...

Wow, so lets assume when you talk about Asia you mean China, Korea, Thailand, Singapore etc RIGHT?

Have you been drunk for the last few months or do not watch the news and read the papers?

China-big problems, Korea-currency almost crashed, big economic trouble, Singapore-officially in recession

Thailand- no problems at all!!!

What is Thailand an exporter of? and where does it export? How can you possibly write the rubbish you have written?

If west does not buy, what and where would Thailand sell?

What does Thailand manufacture? Tell me one Thai owned company who has gone international besides Thai Airways

All manufacturing in Thailand is western owned, Most developments are Western owned, not to mention supermarket chains such as Tesco, Carefour etc

Who and what money has built Thailand?

All auto manufacturing is suffering worldwide so your Thailand exports-gone to sh***t

All electronics gone down and loosing money, clothing manufactures are in China not in Thailand, rubber, steel etc is all down world wide, so again who needs whom? What is Thailand with out the West?Where was Thailand 40 years ago and where it is now, who has made it to what it is? Who owns all hotel chains? Who owns all resorts? who owns half of if not all contstruction company's

Please do not write stupidity without having common sense to analyse the facts.

I'm not sure that I personally want to engage in many more of these "why is the Baht so strong", "when is the baht going to crash" and "should I change my foreign currency today" threads, but some of the things you wrote are simply so wrong that you need to read some of the other threads on these subjects and correct your understanding on these matters, which is currently so far adrift it's not even funny.

Ok, no direspect Chiang Mai, but if you do not want to be engaged, why the hel_l are you posting then?!

and of course all the things i wrote were wrong and yes i should read the papers and yes i have no understanding at all. Now you are at ease and can move on to other posts!

Wow, so lets assume when you talk about Asia you mean China, Korea, Thailand, Singapore etc RIGHT?

Have you been drunk for the last few months or do not watch the news and read the papers?

China-big problems, Korea-currency almost crashed, big economic trouble, Singapore-officially in recession

Thailand- no problems at all!!!

What is Thailand an exporter of? and where does it export? How can you possibly write the rubbish you have written?

If west does not buy, what and where would Thailand sell?

What does Thailand manufacture? Tell me one Thai owned company who has gone international besides Thai Airways

All manufacturing in Thailand is western owned, Most developments are Western owned, not to mention supermarket chains such as Tesco, Carefour etc

Who and what money has built Thailand?

All auto manufacturing is suffering worldwide so your Thailand exports-gone to sh***t

All electronics gone down and loosing money, clothing manufactures are in China not in Thailand, rubber, steel etc is all down world wide, so again who needs whom? What is Thailand with out the West?Where was Thailand 40 years ago and where it is now, who has made it to what it is? Who owns all hotel chains? Who owns all resorts? who owns half of if not all contstruction company's

Please do not write stupidity without having common sense to analyse the facts.

well, thanks for the first flame.

1. If the West does not buy, then maybe the developing East can? Lots of potential to develop here and the Asians are keen to own cars, houses, and all the other stuff that the West has been enjoying but produced in the East, and the Asians are very keen to work for it. Who in the West would spend a month's salary on a mobile phone? In Thailand this is not unusual.

2. So Western companies have invested in Asia. Well, that seems to confirm EXACTLY what I said. Here is the future and they want to be a part of it. I suppose the question is whether they sell the products in the West or in the East. Do they care provided profits come in? The question you should ask is why they are not investing in the West.

I absolutely agree that without the West Asia would not be at the level of economic development it is now. The mistake is to think that they will CONTINUE to need the West for future economic expansion. And THAT is the point I am making.

I did not say that things would be easy anywhere on the globe, but I did say that Asia is much better positioned to survive and profit, even WITHOUT the West.

12DrinkMore, I agree with you there, but the point i was trying to make was, all Asian country's have been hit and affected, may be not to extreme like other country's. But it seems that Thailand is the only country that is not suffering at all.

Reading the papers everyday, they keep talking about the problems, but looking at the exchange rate-it does not seem to show.

Hmmm, so what you are saying is Thailand has the greatest economy in the world?! better then Japan, UK, China, etc

Every single country in the world has been affected by the crisis but not Thailand. Do not you think its little mad to even write this kind of statements?

What is Thai economy based on to make it so strong? HMMMM rice? lol

I did not say it has the greatest economy in the world. I said their economy has been performing well over the last few years. They have had growth rates of between 4-7 % over the last few years and the UK has had growth of less than 2%. They also do not have the debts of the UK and their banks are sounds unlike the UK. Maybe you have missed the news lately but the UK government has had to pour in and promise near £800 billion towards its banks, that makes your currency look like shit to outside investors. The Thais have yet to do anything remotely like that amount. As for writing what I did, No I do not think it is mad. Happens to be true.

Why are you talking about UK? and where did i say i was from UK and it was my currency?

I can clearly assume you are Thai-right?!

So Indian economy which had growth of 9% must also be mismanaged-since their economy is suffering with 9% growth, so does Chinese, Japanese, Korean,Australian-which mind you had strong growth for past 8 years of 6%-7% per year and even now still has 1%-2% growth in the last quater.

In Thailand, even if the banks were suffering-no one would tell you, you would simply loose the money and then go scream outside of parlament house.

Not to mention Thai Government did issue a statement they will support the bank and have ALREADY poured billions and are going to pour more billions into economy-READ THE PAPERS

[Here is another mind blowing fact

Exchange rate in Bangkok is NOT the same as in Pattaya

While in Bangkok Bangkok Bank was changing AUD$1 =24.40 Thai Baht, where in Pattaya on that same day i was able to get AUD$1=25.60 Thai Baht(only for cash exchange)

So figure this one out!

Same bank, same time, same currency but different rate

You are all missing the point and comparing the Thai economy today to the Farang economies that we thought existed just SIX MONTHS ago.

I am too tired to write a lot on this subject now, but take the following simple premises

- The west is in debt to Asia

- The west has moved its production to Asia

- The west has moved its technology to Asia (just look at the number of Asian students in the west studying USEFUL technology and not history of frigging art)

- The west has unbelievably and inconceivably immense problems with the banking industry (can you relate to one trillion of ANYTHING)

- There are still MORE problems to surface in the west with pension schemes and banking bailouts (have you seen an INCREASE or REDUCTION in the reports or figure coming out?)

- large and increasing unemployment and who is to pay for it?

- massive government overhead in the economies

Anybody care to argue its not true? Anybody see a solution?

Now look at Thailand

- net exporter

- no banking problems

- no pension scheme disaster on the way

- trade surplus

Just take any of the negatives in the West and give me a corresponding negative here. I can't find a single one.

The only reason I can find in all of the posts in TV, talking to friends, tourists that people think the problem will be bad here is that WITHOUT EXCEPTION they all think that Asia NEEDS the WEST.

My answer is WHY?

It seems blatantly obvious to me that Asia does NOT need the West in the medium to long term.

In the same way that the west had it's industrial revolution, wars and economic recovery thereafter WITHOUT Asia, now Asia is standing in the same position but FAR FAR better positioned.

The west, in my opinion, has totally blown it with greed, the uncontrolled, unregulated banking system and compliant politicians too scared to do anything to stop it all.

Open your eyes, and just watch the ticker on http://www.bloomberg.com/?b=0&Intro=intro3

Do you see any bailouts in Asia? Banking failures?

I am now having sleepless nights wondering how to limit the damage to my finances and re-establish a secure future which I had just six months ago before Iceland collapsed, exchange rates went wild and interest rates came down to zero.

If you are sitting complacently then I suggest that you

- have enough to ride out any eventuality or

- cannot do anything because you are tied up to a pension or assets you cannot move or

- have not tried to understand what is happening in the world and hope the problems will just go away or

- are already involved in Asia with a secure income

let the flaming start...

Wow, so lets assume when you talk about Asia you mean China, Korea, Thailand, Singapore etc RIGHT?

Have you been drunk for the last few months or do not watch the news and read the papers?

China-big problems, Korea-currency almost crashed, big economic trouble, Singapore-officially in recession

Thailand- no problems at all!!!

What is Thailand an exporter of? and where does it export? How can you possibly write the rubbish you have written?

If west does not buy, what and where would Thailand sell?

What does Thailand manufacture? Tell me one Thai owned company who has gone international besides Thai Airways

All manufacturing in Thailand is western owned, Most developments are Western owned, not to mention supermarket chains such as Tesco, Carefour etc

Who and what money has built Thailand?

All auto manufacturing is suffering worldwide so your Thailand exports-gone to sh***t

All electronics gone down and loosing money, clothing manufactures are in China not in Thailand, rubber, steel etc is all down world wide, so again who needs whom? What is Thailand with out the West?Where was Thailand 40 years ago and where it is now, who has made it to what it is? Who owns all hotel chains? Who owns all resorts? who owns half of if not all contstruction company's

Please do not write stupidity without having common sense to analyse the facts.

I have been living in Thailand for past 5 years and now i am beyond puzzled.

Can anyone please explain how thai baht remain sooooo strong?

I understand that Thai baht is measured compared to USD, Fine, so AUD, POUND, EURO, YEN and all other currency's have lost against USD-but not the Thai baht.

What is keeping it strong? Sex tourism-NO, Tourism-NO, Investment-NO,Manufacturing-NO, Exports-NO

Even funnier, during the airport closure thai baht got stronger.

I have studied business, and consider myself a fairly smart man, but i am just unable to wrap my head around the stength of Thai Baht

Any ideas?

The economy of Thailand has been performing well over the last few years with a lot of growth. Other countries have not therefore their currency has taken a hit. Now the Thai economy has hit a brick wall with the current economic crisis in the world their currency will not be as strong but compared to other major currencies it should be ok as other countries economies are in a much worse state than Thailand.

Hmmm, so what you are saying is Thailand has the greatest economy in the world?! better then Japan, UK, China, etc

Every single country in the world has been affected by the crisis but not Thailand. Do not you think its little mad to even write this kind of statements?

What is Thai economy based on to make it so strong? HMMMM rice? lol

Didn't exports rise over 20% last year alone? And this year is expected that exports will remain near this high level here in Thailand. Compare Thailand's exports for the last ten years and I think you'll get an idea of the the relative strength of this economy.

I do not know where you got this figures, but according to Thai media, last year exports dropped by 30% and orders for 2009 dropped by further 30%

"And this year is expected that exports will remain near this high level" -is this wishfull thinking or desperate hopes?

Just simple maths, if the factory's are laying off people-it means they do not make the money and the reason why they do not make the money is because the orders are dropping which in turn means exports DOWN not UP!

GM, LG, SONY, and hundreds of others have already laid off thousands and unemployment is reaching 1000 000 and this is official, what about unofficial-double that?

So how in the hel_l can you believe the exports are strong and up?!

Without a doubt Bank of Thailand(BOT) during it's thing to keep it strong, a no brainer haven't you notice the baht is always strongest around the 1st and middle of the month, i.e., farang pay days.

HAHA

http://www.thaivisa.com/forum/What-s-Talk-...se-t234186.html

might find some useful info here

Cheers Geo, just looked through it and now it does make more sense. Just failing to see what good it does for the country lol. But i guess i would have to be a thai politician or economist to understand

HEY All, can anyone please help to find small moving company to move me from Bangkok to Pattaya.

Do not have much at all, would most likely fit into a small van or pick up.

If may be you own a pick up or know someone, please help.

Have been looking for a few weeks now and cannot find anyone.

Any help or suggestions would be much appriciated

Why dont you just rent a pick up?

Honest answer? hehe-too scared to drive in BKK, its bad enough to be a passenger sometimes

Being propped up by the BOT - plain/simple.

Thanks Chivas, i guess i am not as smart as some

britmaveric-it is not that simple, because they have to be able to back it up with something, otherwise it may lead to some serious trouble in the near future.

May be i should of added in the original post that only people who know what they talking about should respond

So if you do not know economics but like to appear smart, and really want to reply-then just post something like "yes it is puzzling" or "good questions" etc

PS. Thanks again Chivas for being "normal"

I find the search useful - but maybe it will not help you

What do you mean by "search"? Search what? where?

I can send you number, see the other topic.

If you could that would be great.

I send email to the address given in previous post-but it bounced back(email not valid)

Thanks in advance

I have been living in Thailand for past 5 years and now i am beyond puzzled.

Can anyone please explain how thai baht remain sooooo strong?

I understand that Thai baht is measured compared to USD, Fine, so AUD, POUND, EURO, YEN and all other currency's have lost against USD-but not the Thai baht.

What is keeping it strong? Sex tourism-NO, Tourism-NO, Investment-NO,Manufacturing-NO, Exports-NO

Even funnier, during the airport closure thai baht got stronger.

I have studied business, and consider myself a fairly smart man, but i am just unable to wrap my head around the stength of Thai Baht

Any ideas?

Have been aware of the Elite card since it started but didn'f find it interesting in the beginning due to the annual fees etc.

Try and keep your story straight. The Elite card didn't have annual fees in the beginning. They were a much later add-on.

He's a Troll.But a wanna be Elite troll.

None I know (myself included )with the means to by the Thai Elite card,did it.Simple common sense.If you think you have to show your wealth,and being chaffered in a Beemer is the experience of your life,then the Thai Elite card is right for you.Defending it is an accessory.

GOOD ONE [/sizeHe's a Troll.But a wanna be Elite troll.

HEY All, can anyone please help to find small moving company to move me from Bangkok to Pattaya.

Do not have much at all, would most likely fit into a small van or pick up.

If may be you own a pick up or know someone, please help.

Have been looking for a few weeks now and cannot find anyone.

Any help or suggestions would be much appriciated

HEY All, can anyone please help to find small moving company to move me from Bangkok to Pattaya.

Do not have much at all, would most likely fit into a small van or pick up.

If may be you own a pick up or know someone, please help.

Have been looking for a few weeks now and cannot find anyone.

Any help or suggestions would be much appriciated

Buying property here and investing in a business has nothing to do with the Elite program.

The Elite program was a gray area from the beginning and I wonder why anyone bought into it.

It's like a privatization of state policy - where else could this last for more than a few years?

You're a fool if you're not buying property here if you stay for a few years or more.

Ok so if you are a foreigner and have bought a property-that makes you smart! Let me run something by you

1. What would you do if next month Thai Government decides that foreigners can no longer own property(condo)?

a. Choice one-sell fast and hope some rich Thai or stupid Foreigner who is not aware will buy

b. Choice two, kiss your condo and money good bye and start blogging how bad the government is.

2. You bought a house with your lovely Thai wife and of course the house is in her name and of course she loves you and wants to spend the rest of her life with you-so she must be the "good" girl

a. Choice one- "good girls" do not date or marry foreigners as it is a shame to the family to do so, so the chances are you married a not so "good" girl with "interesting" past-which means if one day she meets someone with "bigger" hearts then yours-you loose house and of course your loving wife. Before you start to respond how foolish i am, have a reality check and check the facts of this happening every day.

b. Choice two, even though you own that house and land and have made it how you want with your lovely darling wife-you never own it-she does.

So bottom line is, any smart, intelligent, business minded person will not invest in the country with no stability and and no protection what so ever.

Of course if all you have is $100K and this is the only place where you can afford to buy property then yes go for it-American Australian and every other country dream to own property, but if you use business sense, you would invest the money in the country where you property not only secured but also increases in value every year.

Should you want to have your home in a certain way, spend a few days and find one that you like-and there you go, should you want to have some change-move out and find a new one.

Any business man doing "good"business in Thailand rent his/her property and uses rent as a rightoff on tax.

As for all the comments by the card holders -about how great it is, and how rich they are etc.-Sorry to say, but you people sound like complete morons.

"I was driven home in BMW 7 Series" my Bose sound system"-WOW that just proves that you have never ever owned anything luxury and i highly doubt have any money. So if this the only way you can feel "rich" good for you!

I owned BMW 325CI Convertible Coup at the age of 25, so being driven home in BMW is really not such a great achievement.

1 Miilion baht to be driven home in BMW-thats pretty sad.-MAY BE rent one and drive home yourself.

How can any of you praise Thailand and carry on, how good it is?

Visa rules have been changed so many times, that even lawyers do not know all the rules. Ownership rules have changed so many times, that noone knows the rules. Wake up, foreigners in Thailand are nothing but an ATM Machine to government, and Thai people.

I have been living in Thailand for past 5 years and have many friends who have been here for 15 years, and every single one of us hardly have 1 good thing to say about Thailand and before you jump to conclusions-all of us are running succesful business and then only time we loose money is when we try to do business in Thailand with Thai's

I am yet to hear 1 happy story of doing business in Thailand with Thai's from anyone

Hi Kaz,

Australian Insurance Company's will only allow you to be out of the country for 1 year to resume your insurance policy, otherwise back to being new member.

To qualify, you have to fill out a form in Australia prior to departure, i am pretty sure you can not back dated.

I was with MBF and this was the info i got last time in was in Australia, about 6 months ago.

Hope it helps

Welcome to Thailand!

As many many many people have said across every post, Contracts, Laws, etc are not respected by Thai people or the Government, especially when it comes to foreigners.

I am still puzzled as to why people would buy any property here, yes you can own it now, but what would happen tomorrow????????????????

Some have said to start class action law suit-GOOD LUCK!

If you think a foreigner can sue Thai Government and win-think again.

Thailand has been developed and build by foreign investment and yet we are always wrong, always ripped off, always discriminated against in regards to everything.

If i marry Thai, and take her back to Australia, within months she would have all the benefits of the citizen and mind you government does not ask her to put any money in the bank and all this kind of stupidity, but if i marry Thai and decide to stay in Thailand-well you all know the story!

So no surprise here about the program.

Be Smart-do not invest any money in the country where government can not be trusted or held responsible for anything.

DO NOT BUY PROPERTY, DO NOT INVEST IN ANY PROGRAMS, DO NOT INVEST IN THE STOCK MARKET, DO NOT EVEN KEEP MONEY IN THE BANK(as half of the time, you will not even be paid interest, as it happen to me, i was told because i am a foreigner-i am not entitled to any interest and yet the contract clearly states the amount of interest to be paid), but again start legal action against Thai Bank-chances of winning is less the the lottery.

Hey Guys, i am looking for some company or people to move me from Bangkok to Pattaya, probably no more then a ute/van

If anyone can help- would be much appriciated.Have been looking for someone for few weeks now and no luck

PLEASE HELP