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60
Crime Red Bull Heir at Centre as High-Profile Corruption Verdict Looms
10 yrs to get to this stage, now sentenced so goes to appeal for God knows how many years, what a out there state pensions are they stopped because the corruption happened while in office? Not seeing anything about why they went to this effort to keep red bull heir out of jail, who paid them? Will profits from the crime be seized by the state? Thailand where justice is as clear as mud -
3
Immigration Thai PM Tackles Overstaying Tourists with Visa-Free Scheme Revamp
Welcome news. Sheer volume of horrific behaviour, illegal workers is out of control. Will it happen? Nope. -
23
Living Well on a Budget in Thailand
Yeah, having world-wide coverage is totally awesome! Btw, I am in the same boat as you. Apart from here, I spend a portion of my time in the U.S. and also in Europe, and it's good to know that I am covered. Even though the premium eats up a substantial portion of my pension, it is well worth it to me! -
4
Report Indian Tourist Causes Uproar at Bangkok Hotel Over Credit Card Dispute
Perhaps he's one of these influencers we keep hearing about ? -
2
Fire Blaze Erupts at Chiang Mai’s Dhara Dhevi Hotel
According to initial reports, the fire originated in a section of the hotel that housed traditional Thai massage facilities, part of a half-concrete, half-wooden structure. Below is drone footage on the morning of 23 April, showing the extent of the destruction. -
34
Donald's fury and it's limitations.
The Famous Open Letter to Ben Bernanke (2010) In November 2010, a group of economists, academics, and financial professionals sent an open letter to Federal Reserve Chair Ben Bernanke, warning against the Fed’s plan to implement QE2 (the second round of quantitative easing). 🔮 Their Main Predictions: Inflation Surge: QE would “risk currency debasement and inflation.” Rising Interest Rates: QE would lead to a collapse of confidence in the Fed’s ability to manage the economy, driving up long-term interest rates. Loss of Dollar Confidence: The policy would undermine the credibility of the U.S. dollar and possibly its reserve currency status. No Real Economic Benefit: QE would not meaningfully improve employment or stimulate real economic growth. ✅ What Actually Happened: 1. Inflation Stayed Low (Until Long After QE) From 2010 through the late 2010s, core inflation remained below the Fed’s 2% target, often hovering around 1.5%. The hyperinflation some predicted never materialized. If anything, the Fed struggled to raise inflation to healthy levels. Inflation only surged after massive pandemic-related stimulus in 2021–2022, not directly due to QE alone. 2. Interest Rates Stayed Low Contrary to predictions, long-term interest rates fell, not rose. Investors continued to buy U.S. Treasuries, signaling confidence rather than fear. QE helped lower borrowing costs, which was its intended effect. 3. The Dollar Remained Dominant The U.S. dollar remained the world’s reserve currency and actually strengthened in certain years. Global investors continued to see U.S. assets as safe and desirable, even as the Fed expanded its balance sheet. 4. Economic Growth and Job Recovery Did Occur While the recovery from the Great Recession was slower than ideal, QE helped stabilize financial markets, restore credit flows, and support asset prices. The U.S. saw gradual declines in unemployment, from over 9% in 2010 to below 5% by 2016. Without QE, the recession might have been deeper and longer-lasting. 🧠 Why Did the Predictions Fail? Critics assumed a mechanical relationship between money supply and inflation (e.g., Monetarist views like MV = PQ), ignoring the liquidity trap context of the post-crisis economy. Much of the QE money didn’t circulate in the real economy, but stayed in bank reserves or inflated asset prices. The economy had slack capacity—high unemployment and low demand—which muted inflationary pressures.
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