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Why We Long-time Farang Will Never Leave Thailand.....
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63
Rising Defiance: Armed Gaza Clans Call for Uprising Against Hamas
Depends on the time frame and who engineered the regime change. Overall, regime changes have paid off for Europe, UK and the USA. When the Ottomans regime was removed, Saudia Arabia was created under the same agreement as Israel and the payoff for some countries has been fantastic. The reinforcement of the family clan nation states of UAE, Bahrain, and Qatar, when Saudi Arabia was created has also paid off. The Same agreement gave rise to Jordan and Lebanon which worked well for the west until someone else tried to initiate regime change. The troubles in Lebanon over the past 40 years are due to Iranian, Syrian and Russian attempts to impose their own regime changes and we see the results. Jordan is a good little poodle state for the west dependent upn western aid. The west initiated regime change that put the Shah in power worked well for the UK and USA as it delivered stability, oil wealth and Russian curtailment. They were not responsible for the last regime change in Iran. Even the regime change in Libya has worked out for the financial interests of the EU. Libya and France are. still accessing the valuable oil of Libya and now its without the hassle of madman Qadaffi. It hasn't worked out for the Libyans, but when have the EU really cared about the well being or interests of North Africans? The influx of refugees is a small cost to pay for the billions of Euros the access to Libyan oil brings some vested EU interests. -
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Is the Dollar safe?
I think both are you are right. The debt is not as much of a problem as its nominal number suggests, as US debt to GDP is less than most Euro nations (except Netherlands) and much below Japan. Provided the debt doesn't grow too quickly, and it gets 'serviced', the debt bomb need not explode for a while. That being said, the current POTUS may well bring about the dollar's demise by his idiocy. DOGE is not bringing spending down much at all. Even its modest claims of 'savings' are proving to be false. Nothing DOGE has done or can do will be anything compared to the damage to the deficit the proposed tax cuts will do. Also, as was seen clearly in his first term, that ta cut not only did not 'trickle down', it did nothing for the economy. Growth under 45 was in the bottom 30% of all Quarters since the end of WWII even before he mishandled Covid. National Debt rose considerably more than US GDP, so even the modest growth was just debt fueled. Now the President is alienating allies. That is a major threat to the dollar, since foreigners still fund 30% of the US deficit. Since his election, about half a trillion dollars of foreign-held debt has been sold. That isn't much, but it may portend a trend, a trend exacerbated by POTUS' policies and alienation of allies. Also, let's not forget POTUS once said live on CNBC he would consider defaulting on foreign-owned debt. People now know that when he says silly things, he eventually does them. If foreigners go on a buyers' strike, or sell USTs they now hold en masse, US rates rise. That will slow growth and hurt the stock market, which would keep foreign money out of the US equity market. If the Fed tries to compensate by printing money and buying up USTs, then all those new USDs are hardly collectors items. The dollar will tumble. The BRICS are not only growing in number, they are moving away from the dollar. China could kill the dollar if it decided to make capital flow into and out of the yuan easier. Yes, it would take time for outsiders to build trust in the CCP, but China could take the long term approach and become more capital friendly. The one thing all can bet on is that if there is a good way to handle trade and economics and a bad way to do it, this President will choose the worst way. He did that as a businessman, relying on his daddy and puffery until saved by Mark Burnett and his Game Show. Absent that, POTUS is the epitome of that old joke: How do you make a small fortune? Answer: Start with a large one. (for POTUS, that was daddy) -
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Girl, 12, 'passed around like a "trophy" Raped by Migrant Gang in Austria
The entire lot needs to be ablaze and then exterminated by firing squad. Only then can the human race stand a chance. -
2,460
Thai tax tangle: Expats warned of new rules on overseas income
Taxation in Thailand is by calendar year. Not by past 12 months. Also local income needs to be considered. Likely there is more details that you were not told. -
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Thai Restaurant Industry Faces Crisis as Purchases Plummet by 40%
Not true. There is no 3$ value meal. Like I said MacDonalds missed its first quarter forecasts in 2024 and as its high prices affected the bottom line it has reacted and has reintroduced the 5$ value meal with the option to add an item for 1$ but there is no 3$ menu. It should also be noted that the items you can add on for 1$ are extremely limited and generally the ones you would not buy. https://corporate.mcdonalds.com/corpmcd/our-stories/article/mcdonalds-launching-mcvalue-platform-inus-restaurants-in2025.html I never said it's an apocalypse, but you can see Americans complaining that they cannot afford to buy fast food anymore. If even in the richest country on earth people are affected in this way then poverty has clearly increased because when I was young to not be able to afford a MacDonalds meal was unheard of. Even the poorest could do it. -
2,460
Thai tax tangle: Expats warned of new rules on overseas income
What proof would you like, video evidence of the encounter?
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