Today – Sterling £ to Bahts rates, must be lowest ever

[Surasak]

I have to take your post as a dig at the UK. Or is it more like jealousy.

[CharlieH]

inflammatory/troll remark removed

[Andrew65]

17 hours ago, ParadiseLost said:

I have worked for many US companies, in China. Firstly there are no worker unions so laying off workers is easy - there are hundreds waiting to take their jobs.

 

Secondly, how can the US just stop importing things they absolutely rely on China for - they moved their manufacturing operations to China for a reason, to save labor costs. If they stop importing materials or finished goods they will have to close US factories, or - pass the costs on to the consumer - which is exactly what is happening.

 

Your chump, Trump introduced tariffs which only succeed in pushing the price of American goods higher, for his own people - no not the Russians, Americans.

If manufacturing in China is so great for the consumer, why does an iPhone cost $1,000? And that isn't something that happens because of Trump.

 

How will they have to close US factories if they stop importing finished goods from China?

 

Apple uses Ireland so that they pay virtually no corporation tax, Ireland goes bankrupt.

 

Using China means any benefits accrue only to Apple etc, that's the point

[ParadiseLost]

5 hours ago, jeffreysearch said:

Yes i understand your point..  but some EU countries just cant compete in the EU economy... basically Italy/Greece/Spain etc. its only a matter of time until it folds... it cant survive without being a Fiscal Union... England is best advised to stay away from when it explodes..

Fiscal union is the integration of the fiscal policy of nations or states. Under fiscal union decisions about the collection and expenditure of taxes are taken by common institutions, shared by the participating governments.

 

Tell me, where would Greece be today if they were not in the EU?

Edited January 6, 2019 by ParadiseLost

[ParadiseLost]

1 hour ago, Andrew65 said:

If manufacturing in China is so great for the consumer, why does an iPhone cost $1,000? And that isn't something that happens because of Trump.

 

How will they have to close US factories if they stop importing finished goods from China?

 

Apple uses Ireland so that they pay virtually no corporation tax, Ireland goes bankrupt.

 

Using China means any benefits accrue only to Apple etc, that's the point

Why does the iPhone cost $1,000? Why do you think Apple was recently valued at more than a trillion dollars?

 

Read my post again, I said if they stop importing materials or finished goods... Finished goods go up in price if tariffs are introduced - who pays that?

 

Globalization was dreamed up by accountants for a very good reason; tax avoidance, corruption and exploitation is a lot easier to get away with in poorer countries.

 

Trump did not introduce these policies - he has only shown a lack of understanding of how they work but his minions are sucked in by his senile rhetoric...

 

Also - where did I say it is good for the consumer? It is terrible and has destroyed the (middle income) job market in USA where manufacturing was once the backbone of the economy.

Edited January 6, 2019 by ParadiseLost

[Andrew65]

22 minutes ago, ParadiseLost said:

Why does the iPhone cost $1,000? Why do you think Apple was recently valued at more than a trillion dollars?

 

Read my post again, I said if they stop importing materials or finished goods... Finished goods go up in price if tariffs are introduced - who pays that?

 

Globalization was dreamed up by accountants for a very good reason; tax avoidance, corruption and exploitation are a little bit more easy to get away with in poorer countries.

 

Trump did not introduce these policies - he has only shown a lack of understanding of how they work but his minions are sucked in to his senile rhetoric...

 

Also - where did I say it is good for the consumer? It is terrible and has destroyed the (middle income) job market in USA where manufacturing was once the backbone of the economy.

"If they stop importing materials or finished goods they will have to close US factories"

 

As you say though, ordinary people have realised that globalisation is good for the rich only, as is evidenced by recent rioting in Paris/France

[ParadiseLost]

14 minutes ago, Andrew65 said:

"If they stop importing materials or finished goods they will have to close US factories"

 

As you say though, ordinary people have realised that globalisation is good for the rich only, as is evidenced by recent rioting in Paris/France

Geez - here is what I said: "If they stop importing materials or finished goods they will have to close US factories, or - pass the costs on to the consumer"

 

Okay? ????

 

Edited January 6, 2019 by ParadiseLost

[nauseus]

The pound was as lowest at 28 in August 1984.

[nauseus]

On 1/3/2019 at 6:22 PM, Denim said:

Sterling £ to Bahts rates, must be lowest ever.

Nope......I've changed at 25 many years ago ????

In a UK airport...maybe...once I hope??

[nauseus]

On 1/4/2019 at 5:06 PM, HauptmannUK said:

What will cause it to 'bounce'....?

Springs.

[ParadiseLost]

4 minutes ago, nauseus said:

The pound was as lowest at 28 in August 1984.

The world was a different place then, SA Rand, US Dollar and Australian Dollars were all 2 to 1 to the GBP. Today AUD 1.80, ZAR 18.00 ????

[nauseus]

Just now, ParadiseLost said:

The world was a different place then, SA Rand, US Dollar and Australian Dollars were all 2 to 1 to the GBP. Today AUD 1.80, ZAR 18.00 ????

And it will be different again. What's your point?

[ParadiseLost]

Just now, nauseus said:

And it will be different again. What's your point?

Uh when did you become the topic adjudicator? ????

[nauseus]

On 1/5/2019 at 9:18 AM, giddyup said:

The Aussie dollar is also taking a hit, around 23 to the baht. It was more than 33 when I first came 9 years ago.

That's more to do with the AUD sliding against the USD over the last 5 years or so.

[ParadiseLost]

3 minutes ago, nauseus said:

Springs.

What is your point?

[nauseus]

On 1/5/2019 at 9:18 AM, giddyup said:

The Aussie dollar is also taking a hit, around 23 to the baht. It was more than 33 when I first came 9 years ago.

More to do with AUD sliding against the USD over the last 6 years.

[nauseus]

On 1/5/2019 at 12:30 PM, generealty said:

When I come to stay in Thailand, I sold my place in the UK and it was 39 baht = 1 GBP. Months later it rocketed to 95. My next door neighbour was one of the few lucky ones who timed it perfectly, not by choice but by luck. Also remember it being 39 for long time while coming here as a tourist before settling here and that's why I never worried at the exchange rate. I think after the confusion of Brexit goes away, things will settle down and exchange will be better. This is a very confusing time.

Never 95 but it did hit 90 for just one day Jan/Feb 1998.

[nauseus]

1 hour ago, ParadiseLost said:

Tell me, where would Greece be today if they were not in the EU?

Same place but much happier.

[Andrew65]

22 hours ago, nauseus said:

That's more to do with the AUD sliding against the USD over the last 5 years or so.

....yes, I remember it being at parity or better with the US$ when I worked in Oz some years ago!

[jeffreysearch]

On 1/6/2019 at 5:09 PM, ParadiseLost said:

Tell me, where would Greece be today if they were not in the EU?

Yes i dont think they would be anywhere... but the loans they are getting... they will never be paid back to the EU... look at their Debt/GDP ratio... keeps getting higher .. not lower.

[jeffreysearch]

On 1/7/2019 at 4:52 PM, Andrew65 said:

....yes, I remember it being at parity or better with the US$ when I worked in Oz some years ago!

Yes if the US starts printing money again QE4 .. the Oz$ will rise again.. just as long as our Aust govt doesnt start printing money too.. then we will slide as well/