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spidermike007

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Posts posted by spidermike007

  1. That is totally bizarre. What is this, the Soviet union in 1952? I would never allow that. I would resist this kind of thing with all my might. What is happening, is that the extreme racism, xenophobia and hatred of foreigners on the part of the hapless, and useless army, is trickling down to some parts of society. This is not a good trend, and does not bode well for the future of the nation, nor for our future here. It is based on total ignorance, as is the case with nearly all the policy coming out of this incompetent and racist administration. 

  2. 13 minutes ago, Eaglekott said:

    He later apologized, but not to foreigners. He said he was sorry for losing it. He despises foreigners, as he is a racist, a bigot a xenophobe, and a fake nationalist. He knows nothing about anything. He has no background in health. If he knew anything he would be encouraging people to scrub their hands thoroughly ten times a day, which is infinitely more effective than wearing a mask. But, how would he know that? After all, he is only the health minister. 

    • Like 1
  3. 13 hours ago, Crazy Alex said:

    Depends which real estate markets you're talking about. The United States is not a monolithic market. States and areas attracting healthy migration and business, like Texas, have healthy, increasing real estate market prices.

    The prices in New York, which historically have been a bellwether for the rest of the nation, and typically happen about two years prior to the rest of the nation following suit, have been dropping for over a year now. Properties which were selling for near asking prices, and selling within 15 days, are now being discounted by up to 30% or more, and taking an average of 450 days to sell. Same with higher end properties in Los Angeles. Likewise, the rental markets at the higher end, have been dropping in both areas. Just wait. The US is in for some massive financial reckoning. The economy is a house of cards.

  4. And what about the Thai people who do not wear a mask? Will their citizenship be revoked? Does Anutin realize how inane he sounds? Does he understand that Thailand is in the midst of an unprecedented tourism crisis? Does he not have any perception of how harmful these racist rants are? And this coming from a man who has zero experience in the "health" field, and was appointed minister of health. Bizarre. Lame. Dumb. Non-visionary. Inept. Creepy. 

     

    Again Prayuth demonstrates how totally ill prepared he is to lead his country, and to deal with anything bordering on a crisis situation. He appoints these clowns. What can one say?

  5. Nobody knows a thing about his past, nor how Pipat made his fortune. Yet, he knows all. He is a seer, and can predict the future. We all must take comfort, that with his vision and wisdom, the common Thai is being looked after. After all, this administration is a pure meritocracy, right?

     

    For Pipat I offer this advice. The line between ambition and obsession can be much thinner than one might imagine. You would be well served to look down and see exactly where you are standing.

    • Thanks 2
  6. 5 hours ago, URMySunshine said:

    If that irrational hubris of the small investor isn't a market top I don't know what is. SELL whilst you can , whilst there is a window in which you can and bank your profits. I have and I'm sitting pretty whatever happens. We are in the shoeshine boy moment just before the Great Depression hits and destroys wealth just as quickly as it created it. 

    No question we are due for a massive correction. The amount of helium that has been pumped into this economic balloon is unspeakable. Current valuations of real estate and stocks are not even remotely in sync with reality. 

    • Like 1
  7. Tourism revenue from China accounts or 2.7% of GDP here? That is complete nonsense. Estimates range from 13% to 22% of the total GDP of the Thai economy (about $530 billion in 2019) comes from tourism, and tourism related businesses, which are countless. And China now makes up for at least 27% of all arrivals. Anyone with common sense can do the numbers. 

     

    And to think that the drop in tourism is only going to come from China? What hubris. The drop is going to be stunning. And it may benefit the ex-pat community enormously, in the long run, on so many levels.

     

    I do feel bad for the Thai people struggling to earn a living from a decimated industry. But, in a sense they brought this on themselves, by supporting the hapless army, Prayuth, and his band of incompetents.

    • Like 2
  8. And yet, Thailand is still welcoming Chinese tourists, with open arms. The few who are still traveling anyway. Thailand, through extreme myopia, put itself into this position. By putting all of it's eggs in the basket of China, they opened themselves up to a tourism and economic tragedy of immense proportions. It was an inane decision, made by people with little to no experience in tourism, hired based on cronyism, or nepotism, and entirely without merit. When you reach for the bottom of the barrel, this is what you get. The Thai people are in for a world of hurt. Tourism was already in a near crisis stage, due to an extremely xenophobic and racist administration. Now? 

     

    I do feel bad for the common Thai. However, in a sense they allowed this to happen, by allowing the totally incompetent army to take over. The only solution now, is to get them out. Hopefully, the youth will rise up. The army is truly despised at this point in time. They are beyond useless. But this could be a good thing in the long run. 

  9. Nonsense. Such a typical misunderstanding of human nature. Rich means we have the ability to address our problems and challenges, and it means not having to worry about money as much, at least in theory. I know alot of wealthy people. Most seem fairly unfulfilled. Money does not buy happiness at all. Ironically enough, spoke to one friend of mine who is worth over $200 million. He tells me he still worries about money. He worries about maintaining his fortune, his investments, etc. Bizarre, and a bit hard to understand for those of us who work for a living!

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