I thought BOT left interest rates unchanged at the last meeting.
My European banks informed me last week that as of December 1 they will drop interest rates on all savings accounts by 0.2%
I signed up for a 4 month fixed term deposit at Bangkok bank 2 weeks ago paying 2%. Longer terms fixed deposits were significantly lower.
Off topic?
A penthouse at a hotel that has more square feet (or square meters) than your house?
The wife of a man I worked with went to Hawaii with a friend for vacation. She found out her cousin managed a ( I guess) 5 star hotel. He let her and her friend stay in the penthouse. She told her husband it was a two story penthouse and was bigger than their house. The best part was, she stayed free.
Yes, the USA imports oil, but it is refined and then sold to third parties at a profit, and is not needed by the USA. The Strategic Reserve is not intended to cover the interruption of these imports. That is not the mandate to the Reserve.
How many times do you need to be told that the USA has been energy self sufficient for several years?
The Canadian oil & gas industry is foreign dominated with the result that a large portion of Canada's oil production is sent to the US for refining. The US buys cheap oil and then sells an expensive product back to Canadians. This allows the USA to exploit Canadian resources. All of that exported oil is sold going back to Canada at an inflated price. The foreign oil owned interests have acted to prevent the construction of new refineries in Canada for decades.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now