DavidOxon Posted April 14, 2011 Share Posted April 14, 2011 (edited) I miss the good old days of 72 baht to the pound... Is he the only one that can do this? david Edited April 14, 2011 by DavidOxon Link to comment Share on other sites More sharing options...
trogers Posted April 14, 2011 Share Posted April 14, 2011 I think you are confused. The period of Bt72 to the pound started around mid-1997, when Chavalit was the PM. Link to comment Share on other sites More sharing options...
cardholder Posted April 14, 2011 Share Posted April 14, 2011 I suppose his ill-gotten wealth could move markets. But 48.5 to 72 ? naaar ! Link to comment Share on other sites More sharing options...
saraburioz Posted April 14, 2011 Share Posted April 14, 2011 I miss the good old days of 72 baht to the pound...Is he the only one that can do this? david He didn't. He did , however raise our visas prices and made life for expats much more expensive Link to comment Share on other sites More sharing options...
Semper Posted April 14, 2011 Share Posted April 14, 2011 I have one room for rent if he would be interested. Link to comment Share on other sites More sharing options...
cardholder Posted April 14, 2011 Share Posted April 14, 2011 I have one room for rent if he would be interested. So does the Royal Thai Police force. Link to comment Share on other sites More sharing options...
Semper Posted April 14, 2011 Share Posted April 14, 2011 (edited) I have one room for rent if he would be interested. So does the Royal Thai Police force. BTW. I did not understand the "Bus" thing. Edited April 14, 2011 by Semper Link to comment Share on other sites More sharing options...
Lickey Posted April 14, 2011 Share Posted April 14, 2011 Wish he would,, Mrs might quieten down a bit !!! Link to comment Share on other sites More sharing options...
samran Posted April 15, 2011 Share Posted April 15, 2011 last I looked, er um, the financial markets looked after exchange rates, not politicians. The pound tanking has nothing to do with with the Thai economy, and everything to do with the UK's. Link to comment Share on other sites More sharing options...
geriatrickid Posted April 15, 2011 Share Posted April 15, 2011 (edited) Ohh, so now Thaksin gets blamed for the economic conditions and policies that preceeded his elected government. Why am I not surprised. Lets ask Mr. Peabody to go back in his way back machine and have a look at the governements and FX rates immediately prior to Thaksin. (using a flat FX with no loadings. Add 2-5% for a more accurate FX) Banharn Silpa – Archa, Chart Thai 11-Nov-1996 - 41.909 General Chavalit Yongchaiyudh, Military Rule 01-Nov-1997 - 67.1274 Chuan Leekpai, Democrat 10-Nov-200 - 62.38 Oh my. Chart Thai replaced by way of a coup and look at the jump. Then the Democrats take over and not much of a change. And the OP blames Thaksin???? Brilliant. Absolutely brilliant. Is there a disconnect from reality for some people? Edited April 15, 2011 by geriatrickid Link to comment Share on other sites More sharing options...
samran Posted April 15, 2011 Share Posted April 15, 2011 Ohh, so now Thaksin gets blamed for the economic conditions and policies that preceeded his elected government. Why am I not surprised. Lets ask Mr. Peabody to go back in his way back machine and have a look at the governements and FX rates immediately prior to Thaksin. (using a flat FX with no loadings. Add 2-5% for a more accurate FX) Banharn Silpa – Archa, Chart Thai 11-Nov-1996 - 41.909 General Chavalit Yongchaiyudh, Military Rule 01-Nov-1997 - 67.1274 Chuan Leekpai, Democrat 10-Nov-200 - 62.38 Oh my. Chart Thai replaced by way of a coup and look at the jump. Then the Democrats take over and not much of a change. And the OP blames Thaksin???? Brilliant. Absolutely brilliant. Is there a disconnect from reality for some people? er, um, I think he was trying to attribute Thaksin credit for the favourable exchange rate which Brits got. Link to comment Share on other sites More sharing options...
WAYNEandAEI Posted April 15, 2011 Share Posted April 15, 2011 last I looked, er um, the financial markets looked after exchange rates, not politicians. The pound tanking has nothing to do with with the Thai economy, and everything to do with the UK's. Yes...It all comes down to greed in the west..The banks and corporations caused the problem (GFC) they are then bailed out and walk away unscathed while we pay.... Link to comment Share on other sites More sharing options...
cdnvic Posted April 15, 2011 Share Posted April 15, 2011 last I looked, er um, the financial markets looked after exchange rates, not politicians. The pound tanking has nothing to do with with the Thai economy, and everything to do with the UK's. Yep, the pound has plummeted against the Canadian, US, and Aussie dollars as well as the Euro. Maybe you need to long for the days of John Major? Link to comment Share on other sites More sharing options...
Thaddeus Posted April 15, 2011 Share Posted April 15, 2011 Maybe you need to long for the days of John Major? These peas are very round tonight. Link to comment Share on other sites More sharing options...
jackr Posted April 15, 2011 Share Posted April 15, 2011 ... the baht has gained big time against all those currencies mentioned. But the UK's quandary is it's own doing; I mean look at all the bludgers! A total withdrawal from the EU is part of the answer there; jobs back to Brits, waters back to Brits and no more X amount of billions (one of the highest contributors) into a bottomless pot in Belgium! The Taksin thing: he was the one who introduced the 'close the bars early' rule btw, though perhaps he could come back for a fortnight to sort out the drug problem. Link to comment Share on other sites More sharing options...
Loz Posted April 15, 2011 Share Posted April 15, 2011 Wasn't it under Thaksin that petrol stations closed early too? Link to comment Share on other sites More sharing options...
geriatrickid Posted April 15, 2011 Share Posted April 15, 2011 Ohh, so now Thaksin gets blamed for the economic conditions and policies that preceeded his elected government. Why am I not surprised. Lets ask Mr. Peabody to go back in his way back machine and have a look at the governements and FX rates immediately prior to Thaksin. (using a flat FX with no loadings. Add 2-5% for a more accurate FX) Banharn Silpa – Archa, Chart Thai 11-Nov-1996 - 41.909 General Chavalit Yongchaiyudh, Military Rule 01-Nov-1997 - 67.1274 Chuan Leekpai, Democrat 10-Nov-200 - 62.38 Oh my. Chart Thai replaced by way of a coup and look at the jump. Then the Democrats take over and not much of a change. And the OP blames Thaksin???? Brilliant. Absolutely brilliant. Is there a disconnect from reality for some people? er, um, I think he was trying to attribute Thaksin credit for the favourable exchange rate which Brits got. Oh please. It was a cryptic round about way of intimating that Thaksin destroyed the economy causing the Thai baht to lose value. As such, a quid would get one 2X as much baht as today. The military dictatorship followed by the Democrats set the dye for the collapse of the baht when the regional market went pear shaped. Thaksin inherited a mess. His successors inherited a mess and even the Abhisit government inherited a nasty legacy from the pre Thaksin rulers. Link to comment Share on other sites More sharing options...
zzaa09 Posted April 15, 2011 Share Posted April 15, 2011 I miss the good old days of 72 baht to the pound...Is he the only one that can do this? david He didn't. He did , however raise our visas prices and made life for expats much more expensive That's only because he cared for us. Tough love......:jap: Link to comment Share on other sites More sharing options...
samran Posted April 15, 2011 Share Posted April 15, 2011 Ohh, so now Thaksin gets blamed for the economic conditions and policies that preceeded his elected government. Why am I not surprised. Lets ask Mr. Peabody to go back in his way back machine and have a look at the governements and FX rates immediately prior to Thaksin. (using a flat FX with no loadings. Add 2-5% for a more accurate FX) Banharn Silpa – Archa, Chart Thai 11-Nov-1996 - 41.909 General Chavalit Yongchaiyudh, Military Rule 01-Nov-1997 - 67.1274 Chuan Leekpai, Democrat 10-Nov-200 - 62.38 Oh my. Chart Thai replaced by way of a coup and look at the jump. Then the Democrats take over and not much of a change. And the OP blames Thaksin???? Brilliant. Absolutely brilliant. Is there a disconnect from reality for some people? er, um, I think he was trying to attribute Thaksin credit for the favourable exchange rate which Brits got. Oh please. It was a cryptic round about way of intimating that Thaksin destroyed the economy causing the Thai baht to lose value. As such, a quid would get one 2X as much baht as today. The military dictatorship followed by the Democrats set the dye for the collapse of the baht when the regional market went pear shaped. Thaksin inherited a mess. His successors inherited a mess and even the Abhisit government inherited a nasty legacy from the pre Thaksin rulers. As much as I like a good conspiracy theory, I suspect your thinking on the OP is a bit off. My take on his post was this: "A long time ago the exchange rate was good for us brits with lousy pensions to come and live like millionaires.....and we had Thaksin and his magical abilities to control exchange rages to thank for that.....can we get rid of this mob please so Thaksin can come back and make Thailand cheap for me to live in again, please". I don't think the OP particularly gives a rats buttocks that an exchange rate of 72 to the pound essentially meant that the economy was in tatters around him. So long as he got a good exchange rate and a cheap lifestyle, the OP didn't care. Trust me, I like a good Thaksin kicking thread as the next person. Having worked for his government, I despise the bloke. But, I just don't think this is one of those threads, GeriatricKid. Link to comment Share on other sites More sharing options...
geriatrickid Posted April 15, 2011 Share Posted April 15, 2011 ... the baht has gained big time against all those currencies mentioned. But the UK's quandary is it's own doing; I mean look at all the bludgers! A total withdrawal from the EU is part of the answer there; jobs back to Brits, waters back to Brits and no more X amount of billions (one of the highest contributors) into a bottomless pot in Belgium! The Taksin thing: he was the one who introduced the 'close the bars early' rule btw, though perhaps he could come back for a fortnight to sort out the drug problem. Poppycock. The UK for all its troubles is still judged a safe and secure investment risk The UK already controls its own currency and this is what has saved it from the European mess. It is the market that decides and the world says ok to the UK. Look at the longterm bond market. That is where debt is judged. US Security yield is currently 3.49%, the UK yield is 3.69% Despite the bailout, Greece is at 13.69%. Compared to the continent , the UK is doing fine. In fact it is doing better than New Zealand and Australia who have 5.64% and 5.81% yields. Switzerland -at 2.1% and Canada at 3.37% are the two lowest risk countries and the UK is withing spitting distance. (The Japanese 1.3% yield is excluded as the market is unique.) Germany isn't that much better and the rest of the continent has to offer a higher yield than the UK. It is the access to the European markets that has allowed the UK to keep its stability. A retreat would destroy the UK economy. Link to comment Share on other sites More sharing options...
DavidOxon Posted April 15, 2011 Author Share Posted April 15, 2011 Ohh, so now Thaksin gets blamed for the economic conditions and policies that preceeded his elected government. Why am I not surprised. Lets ask Mr. Peabody to go back in his way back machine and have a look at the governements and FX rates immediately prior to Thaksin. (using a flat FX with no loadings. Add 2-5% for a more accurate FX) Banharn Silpa – Archa, Chart Thai 11-Nov-1996 - 41.909 General Chavalit Yongchaiyudh, Military Rule 01-Nov-1997 - 67.1274 Chuan Leekpai, Democrat 10-Nov-200 - 62.38 Oh my. Chart Thai replaced by way of a coup and look at the jump. Then the Democrats take over and not much of a change. And the OP blames Thaksin???? Brilliant. Absolutely brilliant. Is there a disconnect from reality for some people? er, um, I think he was trying to attribute Thaksin credit for the favourable exchange rate which Brits got. Oh please. It was a cryptic round about way of intimating that Thaksin destroyed the economy causing the Thai baht to lose value. As such, a quid would get one 2X as much baht as today. The military dictatorship followed by the Democrats set the dye for the collapse of the baht when the regional market went pear shaped. Thaksin inherited a mess. His successors inherited a mess and even the Abhisit government inherited a nasty legacy from the pre Thaksin rulers. As much as I like a good conspiracy theory, I suspect your thinking on the OP is a bit off. My take on his post was this: "A long time ago the exchange rate was good for us brits with lousy pensions to come and live like millionaires.....and we had Thaksin and his magical abilities to control exchange rages to thank for that.....can we get rid of this mob please so Thaksin can come back and make Thailand cheap for me to live in again, please". I don't think the OP particularly gives a rats buttocks that an exchange rate of 72 to the pound essentially meant that the economy was in tatters around him. So long as he got a good exchange rate and a cheap lifestyle, the OP didn't care. Trust me, I like a good Thaksin kicking thread as the next person. Having worked for his government, I despise the bloke. But, I just don't think this is one of those threads, GeriatricKid. Link to comment Share on other sites More sharing options...
Xangsamhua Posted April 15, 2011 Share Posted April 15, 2011 last I looked, er um, the financial markets looked after exchange rates, not politicians. The pound tanking has nothing to do with with the Thai economy, and everything to do with the UK's. Yes...It all comes down to greed in the west..The banks and corporations caused the problem (GFC) they are then bailed out and walk away unscathed while we pay.... Didn't spendthrift, popularity-seeking governments have something to do with it, too? Link to comment Share on other sites More sharing options...
mstribling Posted April 15, 2011 Share Posted April 15, 2011 Few things make me smile more than a man saying "poppycock" Thanks for that. Link to comment Share on other sites More sharing options...
NALAK Posted April 15, 2011 Share Posted April 15, 2011 I have one room for rent if he would be interested. So does the Royal Thai Police force. as an ex Roayal thai Policeman i think you will find he has the support of the police, Link to comment Share on other sites More sharing options...
NALAK Posted April 15, 2011 Share Posted April 15, 2011 I think you are confused. The period of Bt72 to the pound started around mid-1997, when Chavalit was the PM. he even got it up into the 90's what a great time that was for us, but called the Asia crash Link to comment Share on other sites More sharing options...
bendejo Posted April 15, 2011 Share Posted April 15, 2011 If he paid me enough I would agree Link to comment Share on other sites More sharing options...
zzaa09 Posted April 15, 2011 Share Posted April 15, 2011 I think you are confused. The period of Bt72 to the pound started around mid-1997, when Chavalit was the PM. he even got it up into the 90's what a great time that was for us, but called the Asia crash Yes, the highly suspicious and said to be manipulated Asian Financial Crash. The stones still haven't been completely over-turned as to the debacle. Link to comment Share on other sites More sharing options...
dmax Posted April 17, 2011 Share Posted April 17, 2011 really ? Link to comment Share on other sites More sharing options...
zzaa09 Posted April 17, 2011 Share Posted April 17, 2011 really ? Plenty of material for examining. Though, most won't. Easier to take the word of "officialdom" verbatim. Link to comment Share on other sites More sharing options...
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