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Expats Revolt


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2 hours ago, marcusarelus said:

I would think so - big companies.  Supply much of Pattaya's restaurant trade.  At least they did when I was there.  Navy recruits clean up after them every morning.  As far as I know the tax guys come around to small businesses and estimate tax and it's paid right them.  Been a few years since I was involved so things might have changed but that's how they used to do it at a small cash laundry I was involved with.  

I'm not sure "cash laundry"  is the correct word for that sort of business, and even if it was, I'd try to be a bit less obvious - maybe "remittance company' or 'offshore investment advisers'.

 

Anyway, I wouldn't answer any knocks on the door, for the next couple of days, not that you'd need to...
you might want to check out extradition treaties as well...

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Sorry, but.......not really have the problem. Only problem airport not big enough already.

 

You have correctly pointed to a more serious problem...the overwhelming numbers of Chinese will eventually change this country forever...become known as "little China"...one day.

 

 

 

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8 hours ago, marcusarelus said:

  I stay because as an old, angry curmudgeon I do less damage than in the States. 

and.... it still costs less !       

 

 

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1 hour ago, Gecko123 said:
2 hours ago, BritManToo said:

Completely stop discretionary spending. Spend as little money in Thailand as possible.

Stop spending money until it gets the attention of the idiots running this country.

Yes, practice what you preach I say. Ditch your cars, your motorbikes, and no kids after 45 years of age.  haha

We shall overcome, stick it to the man, power to the people, The revolution will not be televised 

 

Tourism brings in 38,000,000 people a year who spend a total of 2.5 Trillion Baht. 

Expats from England, Europe, USA, and Australia, 200,000 people, annual spending maybe 200 Billion Baht, if all expats spent 1 million baht per year (84K per month), still just .08 percent of what tourism brings in. 

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The government doesn't give two shits about expats or their money. It's local businesses that are supported by and depend on expat spending. Not that that's going to happen, but even if you managed to get all expats to stop spending in Thailand, all you're going to achieve is local business closures. Would this impact the government at all? likely not.

 

But the tide is turning. It's pretty obvious already that the Chinese boom is dead. Indians aren't the answer nor are they big spenders (lol), and the westerners have been driven away. Expect the next few years to be a spiral down in tourist numbers and money. Not sure what will happen first though - this government realizes they actually need westerners, or they will be replaced in the next "elections".

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50 minutes ago, Odysseus123 said:

Ah..the revolutionary expats..

 

"The expat's flag is deepest red

its shrouded oft their martyred dead

And ere their limbs are stiff and cold

their pensions have stained its evr'y fold..

 

So raise your Tee Em 30's high!

At immigration we'll stand or die!.."

There's not one wave

but marks the grave

of one of our English dead.

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Irrespective of how you feel about this issue, people should be counting their pennies these days. The global economy is definitely slowing down and climate change is bound to have an inflationary effect on food prices. Because of quantitative easing and looming sovereign debt crisises, there is a great uncertainty about the reliability of benefit programs and future returns on capital (whether invested in stocks, bonds or real estate), as well as currency exchange rates, in particular for the US.

 

Aside from food inflation driven by climate change, I believe the world is on the verge of a global deflationary spiral driven by income inequality, a drop in the 'wealth effect' as asset prices drop, and an erosion in consumer spending power due to a drop in the dollar and other Western currencies. That deflationary spiral is only being held back now by negative interest rates and deficit funded fiscal stimulus in much of the world. Signs that a deflationary mindset may have already set in can be found in many housing markets in the West where buyers who have been priced out of the market, are waiting for prices to drop.

 

Because of all this uncertainty, anyone who thinks there's a good chance that they'll still be around in 20 to 30 years, would be well advised to trim their spending below what their financial advisors are telling them they can safely spend without running out of money.

 

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47 minutes ago, Gecko123 said:

Irrespective of how you feel about this issue, people should be counting their pennies these days. The global economy is definitely slowing down and climate change is bound to have an inflationary effect on food prices. Because of quantitative easing and looming sovereign debt crisises, there is a great uncertainty about the reliability of benefit programs and future returns on capital (whether invested in stocks, bonds or real estate), as well as currency exchange rates, in particular for the US.

 

Aside from food inflation driven by climate change, I believe the world is on the verge of a global deflationary spiral driven by income inequality, a drop in the 'wealth effect' as asset prices drop, and an erosion in consumer spending power due to a drop in the dollar and other Western currencies. That deflationary spiral is only being held back now by negative interest rates and deficit funded fiscal stimulus in much of the world. Signs that a deflationary mindset may have already set in can be found in many housing markets in the West where buyers who have been priced out of the market, are waiting for prices to drop.

 

Because of all this uncertainty, anyone who thinks there's a good chance that they'll still be around in 20 to 30 years, would be well advised to trim their spending below what their financial advisors are telling them they can safely spend without running out of money.

 

 

Maybe it'd be better if everyone just put a gun to their head and ended their misery?

 

 

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2 hours ago, Gecko123 said:

but I've dramatically reduced the amount of miles I've put on my pickup truck. I've cancelled my True Visions cable service, have eliminated all overnight trips in Thailand, and eliminated virtually all discretionary spending.  I

This don't suit me at all, don't want to penalise myself. 

Since 2000, I transfer monthly 2000 Euro to Thailand and spend it, as I like enjoying live as much as possible,  money help me archiving this.

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