Pepe' Posted November 11, 2003 Share Posted November 11, 2003 I just heard from a prominent Buddhist monk here in San Diego that somehow Japan and China paid Thailand's IMF debt. So Thailand is actually still in debt to these countries for the amount. Any truth to this? Link to comment Share on other sites More sharing options...
Butterfly Posted November 11, 2003 Share Posted November 11, 2003 I just heard from a prominent Buddhist monk here in San Diego that somehow Japan and China paid Thailand's IMF debt. So Thailand is actually still in debt to these countries for the amount.Any truth to this? Actually this is much more worse. The money had to come from somwehere, so they probably issued more "local" public debt to the Thais in the form of bank borrowing etc... and pay interests on it while the IMF deal was interest free. It's a political move, nothing more. I think it will have an impact because that money could have been used "cheap" for public infrastructure. Instead the Thais are paying for it. Among the good news, most Thai companies yesterday have reported bad earnings, some with 40% drop in sales and in earnings. Toxin company Shin SAT is down by 44% on Earnings. Good to know he is also paying for his mistake. Link to comment Share on other sites More sharing options...
dr_Pat_Pong Posted November 11, 2003 Share Posted November 11, 2003 I just heard from a prominent Buddhist monk here in San Diego that somehow Japan and China paid Thailand's IMF debt. So Thailand is actually still in debt to these countries for the amount.Any truth to this? If you believe that Pepe, you'll believe anything. Monks aren't supposed to drink are they ? Link to comment Share on other sites More sharing options...
tomy Posted November 11, 2003 Share Posted November 11, 2003 Buddhist monk here in San Diego where in San Diego pepe? Link to comment Share on other sites More sharing options...
KevinN Posted November 11, 2003 Share Posted November 11, 2003 I understand that you are a US citizen,if so you should know where San Diego is. Link to comment Share on other sites More sharing options...
Guest ka1234 Posted November 11, 2003 Share Posted November 11, 2003 they probably issued more "local" public debt Is there any publicly available information to put substance into this statement? Sounds terrible if that is really the case. Link to comment Share on other sites More sharing options...
tomy Posted November 11, 2003 Share Posted November 11, 2003 I understand that you are a US citizen,if so you should know where San Diego is I didn't ask where is San Diego, i ask where in San Diego, cause i know the place very well Link to comment Share on other sites More sharing options...
Guest ka1234 Posted November 11, 2003 Share Posted November 11, 2003 Is there any way to find out if SHIN Corp or any of its subsidiaries have been buying government bonds lately? (conspiracy theories) Link to comment Share on other sites More sharing options...
Pepe' Posted November 12, 2003 Author Share Posted November 12, 2003 Tomy, Northwest Clairmont, Diane Court on the canyon. Dr Pat Pong, Give me a break. I was just asking the question. What are the facts that is the question. Link to comment Share on other sites More sharing options...
KenUdon Posted November 12, 2003 Share Posted November 12, 2003 Is there any way to find out if SHIN Corp or any of its subsidiaries have been buying government bonds lately? (conspiracy theories) Surely Not!............hahahaha Link to comment Share on other sites More sharing options...
KevinN Posted November 13, 2003 Share Posted November 13, 2003 Japan might have payed it,,You know they were very good friends in the early 1940s Link to comment Share on other sites More sharing options...
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