Thai baht to plummet ? Thailand worst hit

[pineapple01]

Isnt it funny when an overvalued currency returns to its real trading value the Press  prefer CRASH rather than Returns too a realistic...................

[Denim]

The ' prime minister ' recently announced plans for Thai banks to issue still more bonds to finance cash pay outs and the general mismanagement of the economy.

 

In the past these bonds have been snapped up by Chinese investors and no doubt this new issue will go the same way ensuring hot cash flowing into Thailand and propping up the baht. 

 

Don't expect a crash any time soon.

[Ventenio]

so he says 2 to 3 years of chaos....of course you can say the world is in chaos NOW.  So he was WRONG in predicting when the chaos would begin.  now he says it might last 2-3 years.  ???  So it might last 365 or 730 days?????  So he could be ONE YEAR WRONG and be right...lol...this stuff is sooo dumb.  

 

predictions must be ACCURATE to help anyone.  I predicted:

 

1.  virus in the next 20-years.  I said this 10-years ago.  Help anyone?  NO

2.  markets to crash in the next 5-years.  

 

I predict gold will go down in the next 20-years!!!

I predict housing prices will go up in the next 10-years!!!

I predict the baht will get weaker in the next 5-years!!!

 

all this garbage helps NOBODY. 

[Susco]

29 minutes ago, theoldgit said:

 

But the Thai Government don't seem to be handing out shed loads of cash to the unemployed, affected businesses etc on the same scale as some Western Governments, all of which will have to repaid sooner ot later.

All the hand outs have to be repaid at one point, but it also prevents the economy from coming to a standstill.

 

People with no money can't buy anything.

[IvorBiggun2]

1 minute ago, Susco said:

All the hand outs have to be repaid at one point, but it also prevents the economy from coming to a standstill.

 

People with no money can't buy anything.

Nothing changes and as per the Thai way live on credit. 

[theoldgit]

9 minutes ago, Susco said:

All the hand outs have to be repaid at one point, but it also prevents the economy from coming to a standstill.

 

People with no money can't buy anything.

 

I have no problem with what they're doing, I think it's very brave and the right thing to do.
On a selfish note, my State Pension will remain frozen and I will still not be able to access the NHS when visiting the UK, but my tax liability will increase, probably substantially.

[ratcatcher]

1 hour ago, gk10002000 said:

Have not heard a thing from the monarchy

And neither will you.

[Canuck1966]

1 hour ago, sanemax said:

Thailands economy will take a hit as well , but the Thai Gov isnt burrowing  Billions to keep the population  fed and alive 

  Thailand seems to have the virus under control , whilst in the UK its spreading like wildfire and thus will last much longer and have more effect\

  Its generally accepted that there will be a second wave of the virus which will be worse than the first 

Thailand hasn't got it under control but you are correct about the comparative spending. 

The Thai govt also knows their people are pathetically weak and won't rebel against being starved to death

They are one of the most apathetic nations on earth and will literally take anything that the govt drops on them 

[Matzzon]

No, It´s not. 

[cornishcarlos]

1 hour ago, Susco said:

But the opposite is also not generally accepted.

 

 

Correct, well done...

[saakura]

1 hour ago, cornishcarlos said:

 

I get paid in USD !! Maybe I should ask the boss if I can get Baht instead ??

To hedge the risk on either side, my company opted to pay all expats 50% in USD and 50% in THB since the time our salaries doubled overnight when the baht crashed during the 1997 Tom Yam Kung crisis.

[cornishcarlos]

1 minute ago, saakura said:

To hedge the risk on either side, my company opted to pay all expats 50% in USD and 50% in THB since the time our salaries doubled overnight when the baht crashed during the 1997 Tom Yam Kung crisis.

 

I'm going to ask for half in gold bullion and half in potato... That's a safer bet I reckon !! 

[Dante99]

1 hour ago, cornishcarlos said:

 

I get paid in USD !! Maybe I should ask the boss if I can get Baht instead ??

You would be fired on the spot for stupidity.

[cornishcarlos]

2 minutes ago, Dante99 said:

You would be fired on the spot for stupidity.

 

Absolutely... It's a Singaporean company.

[IvorBiggun2]

1 hour ago, theoldgit said:

I will still not be able to access the NHS when visiting the UK

That isn't quite correct. If it's considered an emergency you will be treated free of charge straight away. To see a local practitioner I think you have to be resident for 186 days. I stand to be corrected.

[sanemax]

1 hour ago, Mansell said:

The money doesn’t have to be paid back....it is just paper, so you just write it off.....end of story.

No it isn't , the UK Gov borrows money or creates and sells bonds and this money has to be paid back to whoever lent them the money .

  It isnt "just paper" and it cannot just be "written off"

[sanemax]

1 hour ago, theoldgit said:

 

 I will still not be able to access the NHS when visiting the UK, 

You just need a UK address to have access to the NHS and a bill or something with your name on sent to that address 

[pineapple01]

Funny thing is try  to exchange say  a 500/1000Bht note in the World n folks laugh at  You. Overvalued Toilet Paper to non Thais,

[theoldgit]

1 hour ago, IvorBiggun2 said:

That isn't quite correct. If it's considered an emergency you will be treated free of charge straight away. To see a local practitioner I think you have to be resident for 186 days. I stand to be corrected.

 

I didn't give an in depth answer because the topic was about something else, but you're quite correct in saying that under the NHS Charging Rules, emergency treatment at an NHS Hospital is free whatever nationality you are, or wherever you're normally resident, any onging treatment is chargable at 150% of the actual cost for non UK residents.

There are a few exceptions for the charging to non UK Residents, including expats, Covid-19 being one that remains free for the duration.

In theory you should be registered with a GP to be seen by them, I suspect in an emergency that might not be the case, to be registered you need to prove that you're currently resident in the UK, returning expats are supposed to prove that they have given up their ties overseas.
Returning expats are able to benefit from free NHS treatment and register with a GP as soon as they set foot on British soil, and are able to prove they've returned for good, the 180 day rule applies to some benefits. 

[talahtnut]

1 hour ago, sanemax said:

No it isn't , the UK Gov borrows money or creates and sells bonds and this money has to be paid back to whoever lent them the money .

  It isnt "just paper" and it cannot just be "written off"

The gov. cant write it off, but you got a good

chance of writing your own money by buying

'em, I wouldn't lend this gov. 2 Bob, its bunch

of public school oiks with all the gear and no idea.

 

[1FinickyOne]

4 hours ago, cornishcarlos said:

I don't spend much time looking into economics, so would appreciate hearing some info.

to simplify... the bigger they are - the harder they fall.

[pineapple01]

22 minutes ago, talahtnut said:

The gov. cant write it off, but you got a good

chance of writing your own money by buying

'em, I wouldn't lend this gov. 2 Bob, its bunch

of public school oiks with all the gear and no idea.

 

Doubt if hes got 2 Shillings to lend.

[theoldgit]

Post in breach of Forum Rules removed, along with quoted response.

[sanemax]

1 hour ago, pineapple01 said:

Funny thing is try  to exchange say  a 500/1000Bht note in the World n folks laugh at  You. Overvalued Toilet Paper to non Thais,

Isnt the Thai baht quite a good performing stable currency these days ?

[sucit]

3 hours ago, saakura said:

To hedge the risk on either side, my company opted to pay all expats 50% in USD and 50% in THB since the time our salaries doubled overnight when the baht crashed during the 1997 Tom Yam Kung crisis.

Wait, maybe I am not understanding. Is this a US source?

 

If so, the origin is dollars. If they convert your salary into baht it is going to get the current conversion rate. 

 

Maybe I am not understanding. 

[ThailandRyan]

6 hours ago, sanemax said:

Considering that Western economies are getting hit much harder than the Thai economy and that Western economies could well be decimated in the future , its highly likely that the Baht will rise  against Western currencies .

(Ha ha. yeah got a bit tongue tied , the Baht will probably rise against Western currencies is what I was trying to say ????

You are absolutely correct, because Thailand's tourists will be back with a 10 million percent increase just overnight.  if you do not believe me just go ask TAT, and the PM's brother who is now on the committee....

[ThailandRyan]

5 hours ago, cornishcarlos said:

 

I am not, but I haven't heard any specialist doctors say (not lately) that we are going to have a 2nd wave that is worse than this one either.

Better check WHO's latest report and new findings regarding no true immunity as they believe you will still get a re-infection.

[sanemax]

6 minutes ago, ThailandRyan said:

You are absolutely correct, because Thailand's tourists will be back with a 10 million percent increase just overnight.  if you do not believe me just go ask TAT, and the PM's brother who is now on the committee....

I cannot see it myself , the tourism industry will take years to recover , and I cannot see Thailand allowing Western tourists in until they/we have Corvid under control/banished

[ThailandRyan]

3 minutes ago, sanemax said:

I cannot see it myself , the tourism industry will take years to recover , and I cannot see Thailand allowing Western tourists in until they/we have Corvid under control/banished

I posted that tongue in cheek and with sarcasm....oh wait...so did you...lol

Edited April 26, 2020 by ThailandRyan

[cornishcarlos]

6 minutes ago, ThailandRyan said:

Better check WHO's latest report and new findings regarding no true immunity as they believe you will still get a re-infection.

 

Good try... Twisting words to suit your goal makes you appear less clever than you were aiming for...

WHO have not said "you will still get re-infection"

They have stated that there is no evidence that infection provides immunity from re-infection. Big difference there ????