The baht feels the weight of strengthening US dollar

[BonMot]

8 hours ago, bkk6060 said:

People with foreign pensions need to look at the big picture on this.  SInce your money is not being spent in your home country, you really are not affected with the current hyper inflation there.  Your money is worth 20% + here compared to a few years ago when it was 29-30 to USD compared to the current 38.  Inflation has hit here but much less as basic things generally cost less then the west.  

Inflation in Thailand is very real. Doubly so for you and any Thai looking to travel or purchase imported goods.

 

My guess is condo prices won't come down unless a cataclysmic event. Rather, RE will stagnate for years to come.

[AnotherFarang8]

3 hours ago, Neeranam said:

Fiat is a centralised pyramid scheme flowing money from the bottom to the top, which are the bankers licensed to dilute the money supply and charge interest on it.

What is even worse is that there are pyramid schemes built on top of fiat, like pensions. It was an invention that came shortly after creation of fiat monetary system in the last century. Before that pension systems were very limited, available only to few categories of population. This is still the case and advantage for Thailand and other asian countries because when the fiat system comes crashing down (inflated to oblivion) in the next few years, countries with no pension system (and a healthy rate of births where children take care of parents) will be least affected.