heina

Bank of Thailand gives 500 billions interest free THB to the banks and now cabinet to ask indebted population to buy 2.2% interest bonds?

What the heck is going on?

Should work perfect for police, firefighters, border contorl, immigration, customs, taxi drivers, bus drivers and 90% of other occupations.

This Pfizer vaccine from "first world" is garbage. 

Mexican doctor hospitalized after receiving Pfizer's COVID-19 vaccine - The Jerusalem Post (jpost.com)

It is ironic that islanders begging tourist to visit Koh Samut in a healthcare outbreak and in a  same time Koh Samui Airport and all country's private healthcare system in a pocket of the only person - Prasert Prasarttong-Osoth.

All RedBull family have bright smile now.

Should have pockets deep enough to bribe judges and prosecutors.

7 minutes ago, itsari said:

Be interesting to know how Thai Beverage Company is performing with tourism closed down . It has always been my thoughts that the beer price is high because of the hard currency buyers of there products  . Not many Thais drink beer for a very good reason , too expensive for the average Thai .

Instead of 10 billions they will fill the pockets with 5 billions and kick staff out. They will not feel much worse.

1. Taxes.

2. Manufacturing license cost. Requirements to to produce beer are ridiculous. Have to produce giant amount of beer to  obtain the license.

     It lets craft beermakers  stay out from idea to do business in Thailand and let several families empty folk pockets.

Pertly hands going to straight to taxpayers pockets.

Bank of Thailand announce that without constant money injection bond market is "dysfunctional" . 

https://www.bot.or.th/English/PressandSpeeches/Press/2020/Pages/n2063.aspx

Ponzi in a simple words.

Bank of Thailand gives money to banks, banks give money to households and enterprises.

The reason of alarming level of debt is Bank of Thailand (as well as others central banks)

And all money goes to PM backers and friends: CP group, ThaiBev, Boonrawd brewery, bankers and damn Redbull.

Good luck to fellow thai folks to repay their debts.

What about monk visa?

Should expect HUGE rise of crimes soon.

Clear sign of corruption.

2 hours ago, connda said:

Legalize gambling.  Problem solved.

That was "solved" in Cambodia, Philippines, Laos,  Myanmar.

Nothing came up better. More trash.

19 hours ago, rken2 said:

They like a governments must keep printing, if they don't the baht will rise in relation to other currencies, so it really does not matter, Its a race to the bottom and substantial inflation, buy gold and silver, it will hold its value or pay the price when all currencies are inflated away. 

This is Bank of Thailand game. They do prints, they issue debt.

Government borrow from banks. Who Bank of Thailand belongs to?

It is not Thailand, it is not government.

1 hour ago, elgenon said:

So they are printing the money?

Bank note = debt.

More debt, less future income.

Main question. Who is Bank of Thailand belongs too? 

If government needs to loan from banks then Bank of Thailand does not belong to Kingdom.

Only big banks are profiting from Bank of Thailand debt issue.

Who is big banks belongs too (Kasikorn Bank as example)?

STATE STREET BANK 

HSBC BANK

CHASE NOMINEES

MELLON BANK

THE BANK OF NEW YORK 

They're US Federal Reserve founders and prime dealers.

Does Kingdom really need support them?

10 minutes ago, hotchilli said:

Thailands bubble will burst soon, Thais are up to their necks in debt, no work and little chance of paying it back. The governments revenue is hemorrhaging due to unemployment so they are borrowing up to the hilt.

Maybe a last ditch begging letter to the super rich again before the big bang?

"Western world" Central Banks mint trillions now and give it free to banks and Federal Reserve prime dealers.

So it is a big question where the Big Bang will be bigger.

Someone has to stop them.

Billions And Billions And Billions

20 minutes ago, 5633572526 said:

8.21 trillion in debt. It appears the foreign currency pot of gold that I have heard touted here previously is either not as big as advertised or has been squandered or pilfered by the current regime. Perhaps they could sell off a couple of those submarines they have on order ????

Head of Bank of Thailand is civilian. Out form Harvard and IMF.

Nothing to do with submarines and uniform.

Refresh my memory, did not Mr. Prayuth offer CP Group owned True Move to postpone their 1 billion dollars 4G licence payments last year?

Time to demand. Margin call then.

This is good sign for all the peoples who loves good beer.

Let beer carbonate in  bottles. Much better.

Thats's all sad but it is how "open market" usury based economy works.

Banks will take all even their last meal as collateral.