Thailand heading the way of destitute Venezuela says "Tony" - he has all the answers

[2baht]

8 hours ago, OneMoreFarang said:

What can anybody expect from a fugitive criminal who doesn't use his real name calls himself Tony Woodsome?

Nuff said.

 

He could'nt spell (Tony) Handsome!

[3NUMBAS]

tony blair poking his nose in again  tut tut

[spidermike007]

3 hours ago, rabiedabruce said:

Purachai had all the bars close at 12 pm, even in Bangkok. Tumbleweed rolling down Silom and Sukhumvit. And THEN he brought in the 2 to 5 no alcohol sales. So 'Tony' may have been better at industry but none of them know anything about what tourists want and it's not all beer bars and karaoke. They are, after all, just a generation away from the swamp.

Well, maybe 2 generations. But, you make a good point. Thailand was a real backwater just 50 years ago. The development has been very recent. 

[Gknrd]

I was just in Colombia, if Thailand is heading that direction then tourism is a thing of the past. 

But, as a politician and a crooked one at that, Tony is just talking smack. Kinda like the YouTube punters. Anything for a click.

He has already scraped a few billion Baht from Thailand and ran. Amazing how it is never enough for these guys.

Edited March 8, 2023 by Gknrd

[LivinLOS]

1 hour ago, PJ71 said:

What do you think will happen then?

under trend growth.. high personal debt loads.. In turn increased income not meeting home balance sheets.. But further reducing global competitiveness. 

Under Tacky there was 6 even 8% pa growth, investing in the rural provinces outside of bangkok paid dividends and that in turn allowed consumer spending to advance.. Once that GDP growth stopped (2 - 4% pa growth if lucky !!) the consumer lifestyle funded by credit (and that credit is mostly on depreciating goods unlike western mortgage debt in appreciating assets) and you have hallmarks of a country heading into its second 'lost decade'. The debt loads will be a further brake on consumer spending and domestic economic growth. 

Developing world economies can not afford the stagnation of low growth like a developed / old world economy can. Its the classic middle income trap. Thailand is failing to develop its human capital or move into new industries from its classic low / mid range car production (and hard discs.. entire sector fading away).. Etc.. It doesnt make chips, it has little to no tech manufacturing or software trade, it lacks the international language skills of PI or India and its now no longer 'low cost manufacturing' v indonesia / vietnam / etc.. How does Thailand fare v its neighbours over the next decade or two with that recipe ?? 

Its not that the country implodes its that this miss management is cumulative and loses ground over time. PI had twice the income of Thailand in the 50s.. And lost its way.. In contrast Thailand had a higher income and per capita GDP than S Korea into the mid even late 60s well after Korea had regained its pre war economy was in that position. Look at S Korea and Thailand now almost 40k USD p/c GDP v 7k USD !! 

[BangkokReady]

10 hours ago, webfact said:

In another segment he said that Thailand was heading the way of Venezuela because the government had been hopeless at balancing the books.

I'm not so sure.  If tourism gets back to normal and the government has money to subsidise everything again, people will probably stop worrying.  The whole democracy thing seemed to go away pretty quickly.

 

The household debt thing looks a lot more serious.  I wonder if Tony has any plans for that.  Maybe harder to address because he can't blame the government and would actually have to blame the people?  A tricky issue for a populist.

[PJ71]

1 minute ago, LivinLOS said:

under trend growth.. high personal debt loads.. In turn increased income not meeting home balance sheets.. But further reducing global competitiveness. 

Under Tacky there was 6 even 8% pa growth, investing in the rural provinces outside of bangkok paid dividends and that in turn allowed consumer spending to advance.. Once that GDP growth stopped (2 - 4% pa growth if lucky !!) the consumer lifestyle funded by credit (and that credit is mostly on depreciating goods unlike western mortgage debt in appreciating assets) and you have hallmarks of a country heading into its second 'lost decade'. The debt loads will be a further brake on consumer spending and domestic economic growth. 

Developing world economies can not afford the stagnation of low growth like a developed / old world economy can. Its the classic middle income trap. Thailand is failing to develop its human capital or move into new industries from its classic low / mid range car production (and hard discs.. entire sector fading away).. Etc.. It doesnt make chips, it has little to no tech manufacturing or software trade, it lacks the international language skills of PI or India and its now no longer 'low cost manufacturing' v indonesia / vietnam / etc.. How does Thailand fare v its neighbours over the next decade or two with that recipe ?? 

Its not that the country implodes its that this miss management is cumulative and loses ground over time. PI had twice the income of Thailand in the 50s.. And lost its way.. In contrast Thailand had a higher income and per capita GDP than S Korea into the mid even late 60s well after Korea had regained its pre war economy was in that position. Look at S Korea and Thailand now almost 40k USD p/c GDP v 7k USD !! 

SO what do you think will happen?

[LivinLOS]

4 hours ago, spidermike007 said:

3. He has destroyed tourism. It will likely never recover to a meaningful extent. So many mistakes have been made, so much timidity was shown, and so much sabotage has laid the industry to waste.

I agree with everything you wrote.. I would say though that tourism numbers will rebound just fine, but how much social and economic damage will that come with.. 

As you say Thailand always 'wants' something but you dont hear what they wish to offer.. 'quality tourism' AKA rich people have a lot of great options, Thailands real market sector is a kind of high volume cheap excitement and more and more cheap arrivals combined with such corruption and mindsets of grab it all now are just trashing every island, every hotspot etc. You want to get 'quality tourists' you need to control rampant over development, have enforced planning rules and environmental policies, have a society that can stop wealthy and connected just doing what they want.. In short provide the connected, clean, quality infrastructure that multi millionaires want if they are going to consider buying and building mega money villas. 

[LivinLOS]

9 minutes ago, PJ71 said:

SO what do you think will happen?

Sigh.. can you not read it.. 

[PJ71]

2 minutes ago, LivinLOS said:

Sigh.. can you not read it.. 

Sigh.. yes

 

It's just babble.

[ericthai]

13 hours ago, 2baht said:

Is that why you chose to run away, Tony??? The army seems to think they can do a better job! ???? 

Dont know why you say he ran away. He was in the USA when the coup happened which prevented him from returning to Thailand. 

 

I'm not big fan of Thaiksin, but he was doing a good job.  Our company had allot of projects going on in Thailand at the time.  He is the one that started cracking down, getting strict on overstays and visa runs etc. 

[couchpotato]

4 hours ago, spidermike007 said:

Well, maybe 2 generations. But, you make a good point. Thailand was a real backwater just 50 years ago. The development has been very recent. 

You have some good points at times, but this comment is ridiculous. Were you even here 50 years ago, if not, you have no idea.

 

[couchpotato]

Taksin, Prayut, Army, Red shirts, Yellow shirts etc, doesn't make any difference....Thailand will continue on its own path (whoever is at the helm in the future), it won't break, it won't have mass unemployment, it will always find ways for major infrastructure...so all you guys with this doomsday outlook shown button up or go home.

 

Edited March 8, 2023 by couchpotato

[ericthai]

10 hours ago, rabiedabruce said:

 And THEN he brought in the 2 to 5 no alcohol sales. 

The law for no alcohol sales between 2-5pm was a law long before Purachai

[LivinLOS]

On 3/8/2023 at 11:21 AM, PJ71 said:

Sigh.. yes

 

It's just babble.

I guess it must sound like that if you cant comprehend it properly.. 

Never mind I will try it in crayon. 

[LivinLOS]

On 3/8/2023 at 2:37 PM, couchpotato said:

Taksin, Prayut, Army, Red shirts, Yellow shirts etc, doesn't make any difference....Thailand will continue on its own path (whoever is at the helm in the future), it won't break, it won't have mass unemployment, it will always find ways for major infrastructure...so all you guys with this doomsday outlook shown button up or go home.

 

Yet it is the speed of the change isnt it.. 

As I already noted.. Its only a few decades back that Thailand had higher per capita GDP than South Korea.. Look at the two now and tell me Thailand is doing well for its countrymen. If S Korea were magically reset to Thailands per capita prosperity it would legitimately be considered a 'doomsday' for them, that is precisely what Thailand has squandered. 

Over time small rates of growth both won and lost compound dramatically and the end result is felt by the population. 

[sammieuk1]

There are no right or wrong answers to this conundrum only a bigger swamp ????

[talahtnut]

My crystal ball tells me that Thailand will never be the same

while the US is interferring with Thai government policy, as

it has done world wide, including Ukraine.

 

 

[rabiedabruce]

On 3/9/2023 at 1:08 AM, ericthai said:

The law for no alcohol sales between 2-5pm was a law long before Purachai

BUT was not enforced same as the utterly pointless 90 day parole report WAS enforced under the equally odious Taksin.

[TigerandDog]

On 3/8/2023 at 8:32 AM, norfolkandchance said:

My partner insists I wear a red T Shirt when ever we go out. I don't no why,

because she's either a Manchester United supporter or a Liverpool supporter. 555

[LivinLOS]

7 hours ago, talahtnut said:

My crystal ball tells me that Thailand will never be the same

while the US is interferring with Thai government policy, as

it has done world wide, including Ukraine.

 

 

Yeah like that hasnt happened before !! 

I mean the cult of personality playbook which has shaped this country so definitively is CIA planning through and through.. 

 

[ThailandRyan]

7 hours ago, talahtnut said:

My crystal ball tells me that Thailand will never be the same

while the US is interferring with Thai government policy, as

it has done world wide, including Ukraine.

 

 

So no Interference from China at all, nor from this current government with its views on the Russian antagonistic war on the Ukraine, or the way Thailand supports the Myanmar Junta....it's all the US in your view.....laughable.

Edited March 10, 2023 by ThailandRyan

[kickstart]

On 3/8/2023 at 7:49 AM, bob smith said:

Sad to say it but Tony is right.

 

Thailand is heading for the meat grinder...

 

Thay have been though the meat grinder, back in 1997 then they borrowed a record amount from then World bank and IMF, it was our Tony that finished paying it back, and in record time.

Then bank lending was 58% of GDP, highest in SE Asia at the time, now its 62%of GDP, about the same, but then inflation was not a problem.

A case of we shall see.

[AndyFoxy]

Taki Shenegra and Tony....same guy? ???? 

[StayinThailand2much]

Damn. And Thailand isn't even oil-rich like Venezuela.

[StayinThailand2much]

On 3/8/2023 at 10:12 PM, ericthai said:

He is the one that started cracking down, getting strict on overstays and visa runs etc. 

Not to mention, he used xenophobia as a tool to benefit himself and his family politically and financially.

[PJ71]

On 3/10/2023 at 8:06 AM, LivinLOS said:

I guess it must sound like that if you cant comprehend it properly.. 

Never mind I will try it in crayon. 

Yes pls, with pics even better - thanks.

[billd766]

On 3/8/2023 at 8:04 AM, OneMoreFarang said:

What can anybody expect from a fugitive criminal who doesn't use his real name calls himself Tony Woodsome?

Nuff said.

 

Is your real name One More Farang, or something completely different?

 

Tony Woodsome is simply an alias.

[tomacht8]

In the past, Thailand was once in the ranks of economic development, catching up with the four tigers: Hong Kong, Singapore, South Korea, and Taiwan.

 

Prayut has been at the helm since 2014 and has failed to create a positive momentum for the country and its people. On the contrary.

Standstill and regression in all areas:

- Modernization of the school and education system? No

- Excellence in research? No

- Better health care for all Thais? No

- Set up a pension system.for all working Thais? No

- Land reform? No

- Modernization of the authorities? No

- Police reform? No

- Reducing the national debt? No

- Strengthening democracy? No

- Integration of foreigners married to Thais? No

- Investments in future technologies? No

- Water and sewage security? No

- Road safety? No

- Waste management? No

- Flood prevention? No

- Reduction of corruption? No

- Economic growth? No

- Better distribution of income? No

- Transparency in government spending? No

- Reducing air and sea pollution? No

- and much more.

 

Thailand urgently needs fresh blood with future visions in the leadership. Thailand do not need anymore the old politicians from the past, who only think of their personal enrichment and block any progress just to secure their own position of power

Edited March 11, 2023 by tomacht8

[jacko45k]

12 hours ago, StayinThailand2much said:

Damn. And Thailand isn't even oil-rich like Venezuela.

Venezuela used to give a payment to every citizen from the oil revenues... that brought in a few from next door. When I first went there Caracas was quite a nice city. Petrol cheap as dirt!