GBP to THB Exchange Rate

[NeverSure]

China 7+ % Thailand 5% +

Not exactly in decline neversure.

Thai debt to GDP in the 40s while UK & US approaching the 90 to 100+

Asia still looks a picture of health in comparison.

Thai borrowing money to be repaid while UK US is buying thier own bonds / printing.

You are believing what those who not only offer no transparency, but hide things are saying. China's GDP is built too much on huge empty ghost cities. it's stock index hasn't gone up for a year. Be sure to click on "1Y" for one year. http://www.bloomberg.com/quote/SHCOMP:IND

Now, how about Thailand's stocks. What's up with that? Is it an anomaly, or is it a trend from people catching on to what's happening? Which direction will it go? Link

You sadly misread the economic power and the resources of the West, especially the US. The US is set to pass Saudi Arabia as an oil producer in 2017, and to become an net exporter of oil in less than ten years.

Asia has nothing except what it produces for the West. In itself it is nothing. The West is gathering steam and pulling production out of Asia while Thailand and China hide their debt from the world. China's huge ghost cities, financed by its banks, and Thailand's rice, home and car schemes financed by its banks could break it. Its rice scheme alone could break it. All of them are in trouble, called a bubble.

[MJP]

These sudden upticks in GBP. Is this short selling before another great big crash in value?

EDIT: Just found this . . .

Chart of the Day: Hedge funds short sterling on Carney arrival

http://www.efinancialnews.com/story/2013-06-06/hedge-funds-up-record-short-on-carney-arrival?mod=blogheadlines-home

Edited June 6, 2013 by MJP

[mccw]

Never sure. The numbers speak for themselves- rice losses are minor in comparison to UK or US deficit spending. They can turn it off any time they choose relatively easy. How are West to turn off the "entitlements"? Asia has no real welfare culture or expectation- on this alone long term they are looking much better prospects.

On oil- the Saudi oil is cheap n easy oil- highly profitable. Shale oil is costly and only starts breaking even around 80-100 dollars so unless big up ticks in price its not going to make America rich like the Arabs. If oil does go up much then the negative / inflationary out come will kill any economic gain I think.

Faith in western superiority in the face of facts......

The only thing the west has going for it is the military power and that's getting scaled back.

If Britain and US have x amount of shale then why would Asia or any other place not have just as much?

[Naam]

Yes, discussing exchange rates on ThaiVisa is "utterly boring" as if most members don't have a lot at stake in it. Boring? Boring?

How then did the thread get to 27 pages and counting if people are so "bored?"

I HATE the holier than thou attitude which is backed by absolutely nothing real to say.

Naam, if you're so <deleted> smart that you have all the answers and others are "boring," why don't you give a good analysis based on your "superior knowledge" for the benefit of the expats who really want to know?

The reason you never really say anything is because you don't know anything. It's easy to sit back and make wisecracks and maintain an air of superiority.

So tell us what is going to happen now that Thailand is most likely going to take another credit rating hit, and China's economy is in decline? Are investors already pulling money out of Thailand, therefore exchanging baht for other currencies, driving the SET and the value of the baht down, or is it a temporary anomaly? Will the world wake up to what's really going on in Thailand and rush out of it, or is nothing going on in Thailand?

What about China's decline? Will that affect Thailand and the baht? Why hasn't China's stock index gone up any in the past year if it is the darling of the world?

Tell us what's happening, Naam.

i am not willing to waste time discussing the sunset colours of the Gulf of Siam with a blind man who keeps repeating ad nauseam his assumptions derived from thin air.

[NeverSure]

Yes, discussing exchange rates on ThaiVisa is "utterly boring" as if most members don't have a lot at stake in it. Boring? Boring?

How then did the thread get to 27 pages and counting if people are so "bored?"

I HATE the holier than thou attitude which is backed by absolutely nothing real to say.

Naam, if you're so <deleted> smart that you have all the answers and others are "boring," why don't you give a good analysis based on your "superior knowledge" for the benefit of the expats who really want to know?

The reason you never really say anything is because you don't know anything. It's easy to sit back and make wisecracks and maintain an air of superiority.

So tell us what is going to happen now that Thailand is most likely going to take another credit rating hit, and China's economy is in decline? Are investors already pulling money out of Thailand, therefore exchanging baht for other currencies, driving the SET and the value of the baht down, or is it a temporary anomaly? Will the world wake up to what's really going on in Thailand and rush out of it, or is nothing going on in Thailand?

What about China's decline? Will that affect Thailand and the baht? Why hasn't China's stock index gone up any in the past year if it is the darling of the world?

Tell us what's happening, Naam.

i am not willing to waste time discussing the sunset colours of the Gulf of Siam with a blind man who keeps repeating ad nauseam his assumptions derived from thin air.

Yes of course. The sunset colors of the gulf of Siam while I post links and actually discuss the situation. Why don't you engage me in debate instead of dodging the issue?

[NeverSure]

Never sure. The numbers speak for themselves- rice losses are minor in comparison to UK or US deficit spending. They can turn it off any time they choose relatively easy. How are West to turn off the "entitlements"? Asia has no real welfare culture or expectation- on this alone long term they are looking much better prospects.

On oil- the Saudi oil is cheap n easy oil- highly profitable. Shale oil is costly and only starts breaking even around 80-100 dollars so unless big up ticks in price its not going to make America rich like the Arabs. If oil does go up much then the negative / inflationary out come will kill any economic gain I think.

Faith in western superiority in the face of facts......

The only thing the west has going for it is the military power and that's getting scaled back.

If Britain and US have x amount of shale then why would Asia or any other place not have just as much?

The rice scam numbers are not small compared to the Thai economy or the strength of its banks. The Agricultural Bank which is financing the rice scheme has a grand total of 100 bil in its own assets. (capital.) It had 200 bil until the government took 1/2 of it for themselves. It is apparent that the Ag Bank is owed as much as 700 bil for the rice scheme and no one knows how big the loss is. It appears to be hidden. But whatever it is, the Ag Bank obviously doesn't have enough capital to fund the losses and is therefore insolvent.

Saudi Arabia's cost to bring it's oil to market is incredibly expensive;. Iran's is worse. Any drop in oil prices and Saudi loses money or stops selling.

Read it and weep.

"The coming American oil boom is bad news for Saudi Arabia."

"A (Saudi) system in which oil consumers are forced to pay a

rising "reasonable price" per barrel in order to fund Saudi Arabia's

ever-growing fiscal obligations is unsustainable, especially in a time

when most cash-strapped countries are looking for ways to reduce their

own fiscal obligations. As the world moves gradually toward more

reasonably priced methods of powering vehicles, the kingdom would do

well to drill into the brains of its people -- and that includes women

-- as vigorously as it drills into the ground."

Read more: http://www.lowellsun.com/oped/ci_23372596/coming-american-oil-boom-is-bad-news-saudi#ixzz2VTaGz2Dd

Oil is wealth, as proven by ME countries, many of whom have no other significant industry but have been wealthy. Oil creates jobs as witnessed by N. Dakota and Texas.

The US is deliberately driving the value of the dollar down to preserve exports. In the short term it will not rise as much as other currencies but that is engineered. Thailand has no ability to control the value of the baht for various reasons. Its economy is tiny and it is along for the ride.

Just watch.

Edited June 6, 2013 by NeverSure

[chiang mai]

These sudden upticks in GBP. Is this short selling before another great big crash in value?

EDIT: Just found this . . .

Chart of the Day: Hedge funds short sterling on Carney arrival

http://www.efinancialnews.com/story/2013-06-06/hedge-funds-up-record-short-on-carney-arrival?mod=blogheadlines-home

Yup, I think you got hat in one MJP.

[chiang mai]

It's starting to feel like groundhog day with this rice pledging scheme being forecast to decimate the Thai economy, have you actually looked at the numbers? I'd post the link but it's disallowed so here's an extract, it's easy enough to google and find:

Bank of Agriculture (BAAC)

total loans - 1.21 trillion baht

NPL's - 3.95%

Bad loans - 35 bill.

Loss provisions - increased to 486% of existing NPL's

capital adequacy ratio - 11.2%

extent of loans subject to forebearance - unknown (just like in the US/UK)

So this state owned bank has assets of THB 1,21 bill or USD 40.5 bill whilst BOT foriegn currency reserves equal circa USD 170 bill.

Perhaps someone can explain to me, on the basis of the above, how the rice pledging scheme can cause the Thai economy to crash, even if all the rice had a value of zero (which it doesn't) this would seem to be nothing more than a rather large pimple representing an absolute worse case scenario of 10% of GDP (which is growing at 5.3%), more probably something like 2% of GDP?

http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=80&language=ENG

http://www.tradingeconomics.com/thailand/gdp

http://www.bangkokpost.com/business/news/353121/baac-trims-risk-by-lifting-loan-loss-provision-to-almost-500-of-npls

BTW: the answer to the above CANNOT involve, the numbers are not to be trusted.

EDIT:

Also, just an afterthought: BAAC is not a standard bank in the normal sence of the word since it is government owned and not subject to the usual banking regs., as already discussed infinitum.

Edited June 6, 2013 by chiang mai

[Naam]

groundhog day piggy-backed with ridiculous yada yada yakety-yak.

this thread is Gbp To Thb Exchange Rate with zero relevance to America's alleged oil boom and its effects on Saudi Arabia and job creation in Dakota.

[yoshiwara]

These sudden upticks in GBP. Is this short selling before another great big crash in value?

EDIT: Just found this . . .

Chart of the Day: Hedge funds short sterling on Carney arrival

http://www.efinancialnews.com/story/2013-06-06/hedge-funds-up-record-short-on-carney-arrival?mod=blogheadlines-home

Believe it or not but hedge funds sometimes lose money.

What amuses me about some of the discussion about sterling is that a number of pundits ascribe the pound going down to the useless machinations of the said government of the day, but when sterling goes up it is merely a blip.

Edited June 7, 2013 by yoshiwara

[AnotherOneAmerican]

China 7+ % Thailand 5% +

Not exactly in decline neversure.

Thai debt to GDP in the 40s while UK & US approaching the 90 to 100+

Asia still looks a picture of health in comparison.

Thai borrowing money to be repaid while UK US is buying thier own bonds / printing.

And yet, we've all seen the pictures of the totally empty new cities in China

Not seen any pictures of empty cities in the USA or UK.

Only other place I have seen photos of empty towns is in Spain, official unemployment rate now 28%.

Thailand produces all these good numbers but we all know they are losing a fortune in rice, tablets, railways, etc.

We all know the Thai government is totally corrupt and stealing as much money as it can, while it can.

I'm not sure debt to GDP even affects anything at all in an economy.

I prefer to count empty cities, houses and condos as an indicator of forthcoming economic disaster.

Not many empty homes in the UK. Plenty in Thailand.

Edited June 7, 2013 by AnotherOneAmerican

[NeverSure]

It's starting to feel like groundhog day with this rice pledging scheme being forecast to decimate the Thai economy, have you actually looked at the numbers? I'd post the link but it's disallowed so here's an extract, it's easy enough to google and find:

Bank of Agriculture (BAAC)

total loans - 1.21 trillion baht

NPL's - 3.95%

Bad loans - 35 bill.

Loss provisions - increased to 486% of existing NPL's

capital adequacy ratio - 11.2%

extent of loans subject to forebearance - unknown (just like in the US/UK)

So this state owned bank has assets of THB 1,21 bill or USD 40.5 bill whilst BOT foriegn currency reserves equal circa USD 170 bill.

Perhaps someone can explain to me, on the basis of the above, how the rice pledging scheme can cause the Thai economy to crash, even if all the rice had a value of zero (which it doesn't) this would seem to be nothing more than a rather large pimple representing an absolute worse case scenario of 10% of GDP (which is growing at 5.3%), more probably something like 2% of GDP?

http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=80&language=ENG

http://www.tradingeconomics.com/thailand/gdp

http://www.bangkokpost.com/business/news/353121/baac-trims-risk-by-lifting-loan-loss-provision-to-almost-500-of-npls

BTW: the answer to the above CANNOT involve, the numbers are not to be trusted.

EDIT:

Also, just an afterthought: BAAC is not a standard bank in the normal sence of the word since it is government owned and not subject to the usual banking regs., as already discussed infinitum.

You don't understand and can't make any sense out of it. Somehow, even though government owned, the Agricultural Bank has to settle the 700 billion in rice scheme loans with only 100 bil of its own capital or it is bankrupt. Yes it belongs to the Thai government but that merely means the Thai government is insolvent because it doesn't have the 700 billion either and the valuable rice which we know isn't worth near what was borrowed can't even be found.

And if you meant that the Thai government's numbers can't be trusted you are absolutely right.

[chiang mai]

It's starting to feel like groundhog day with this rice pledging scheme being forecast to decimate the Thai economy, have you actually looked at the numbers? I'd post the link but it's disallowed so here's an extract, it's easy enough to google and find:

Bank of Agriculture (BAAC)

total loans - 1.21 trillion baht

NPL's - 3.95%

Bad loans - 35 bill.

Loss provisions - increased to 486% of existing NPL's

capital adequacy ratio - 11.2%

extent of loans subject to forebearance - unknown (just like in the US/UK)

So this state owned bank has assets of THB 1,21 bill or USD 40.5 bill whilst BOT foriegn currency reserves equal circa USD 170 bill.

Perhaps someone can explain to me, on the basis of the above, how the rice pledging scheme can cause the Thai economy to crash, even if all the rice had a value of zero (which it doesn't) this would seem to be nothing more than a rather large pimple representing an absolute worse case scenario of 10% of GDP (which is growing at 5.3%), more probably something like 2% of GDP?

http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=80&language=ENG

http://www.tradingeconomics.com/thailand/gdp

http://www.bangkokpost.com/business/news/353121/baac-trims-risk-by-lifting-loan-loss-provision-to-almost-500-of-npls

BTW: the answer to the above CANNOT involve, the numbers are not to be trusted.

EDIT:

Also, just an afterthought: BAAC is not a standard bank in the normal sence of the word since it is government owned and not subject to the usual banking regs., as already discussed infinitum.

You don't understand and can't make any sense out of it. Somehow, even though government owned, the Agricultural Bank has to settle the 700 billion in rice scheme loans with only 100 bil of its own capital or it is bankrupt. Yes it belongs to the Thai government but that merely means the Thai government is insolvent because it doesn't have the 700 billion either and the valuable rice which we know isn't worth near what was borrowed can't even be found.

And if you meant that the Thai government's numbers can't be trusted you are absolutely right.

Please provide a link showing that rice scheme loans total 700 billion and that they are all NPL's with zero value.

[NeverSure]

groundhog day piggy-backed with ridiculous yada yada yakety-yak.

this thread is Gbp To Thb Exchange Rate with zero relevance to America's alleged oil boom and its effects on Saudi Arabia and job creation in Dakota.

More noise with no substance.

What is your analysis of what's happening Naam? Oh I forgot, you don't have one.

You cannot isolate one currency in a world market. If you want to know what's happening to the GBP, you have to look around. Countries are in a currency war but you wouldn't understand that.

What a bunch on nonsense you post.

[NeverSure]

It's starting to feel like groundhog day with this rice pledging scheme being forecast to decimate the Thai economy, have you actually looked at the numbers? I'd post the link but it's disallowed so here's an extract, it's easy enough to google and find:

Bank of Agriculture (BAAC)

total loans - 1.21 trillion baht

NPL's - 3.95%

Bad loans - 35 bill.

Loss provisions - increased to 486% of existing NPL's

capital adequacy ratio - 11.2%

extent of loans subject to forebearance - unknown (just like in the US/UK)

So this state owned bank has assets of THB 1,21 bill or USD 40.5 bill whilst BOT foriegn currency reserves equal circa USD 170 bill.

Perhaps someone can explain to me, on the basis of the above, how the rice pledging scheme can cause the Thai economy to crash, even if all the rice had a value of zero (which it doesn't) this would seem to be nothing more than a rather large pimple representing an absolute worse case scenario of 10% of GDP (which is growing at 5.3%), more probably something like 2% of GDP?

http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=80&language=ENG

http://www.tradingeconomics.com/thailand/gdp

http://www.bangkokpost.com/business/news/353121/baac-trims-risk-by-lifting-loan-loss-provision-to-almost-500-of-npls

BTW: the answer to the above CANNOT involve, the numbers are not to be trusted.

EDIT:

Also, just an afterthought: BAAC is not a standard bank in the normal sence of the word since it is government owned and not subject to the usual banking regs., as already discussed infinitum.

You don't understand and can't make any sense out of it. Somehow, even though government owned, the Agricultural Bank has to settle the 700 billion in rice scheme loans with only 100 bil of its own capital or it is bankrupt. Yes it belongs to the Thai government but that merely means the Thai government is insolvent because it doesn't have the 700 billion either and the valuable rice which we know isn't worth near what was borrowed can't even be found.

And if you meant that the Thai government's numbers can't be trusted you are absolutely right.

Please provide a link showing that rice scheme loans total 700 billion and that they are all NPL's with zero value.

We have been over and over that "revolving fund" which has been in the news and posted in the news sections of ThaiVisa. If you can't keep up I'm not your tutor. The 500 bil revolving fund came up short and had to be shored up by at least 200 bil. The government removed for its own use 1/2 of the Agricultural bank's capital. That capital stands at 100 bil.

Once those are posted in the news and discussed, it isn't my job to go back and find them for you.

The Thai government cannot afford to bail out the Agricultural Bank. Even without a possible lower of its credit rating, it simply doesn't have that much money nor can it borrow it.

Put this in perspective. It is 1/3 of the amount of money it would like to, but has failed to, borrow for a high speed rail. That money would be repaid over 50 years. The rice scheme money is due now.

Edited June 7, 2013 by NeverSure

[chiang mai]

Naam is right, this thread is about GBP/THB, you've led us all astray with your never ending mantra NS, let's get back on track, enough already.

[yoshiwara]

groundhog day piggy-backed with ridiculous yada yada yakety-yak.

this thread is Gbp To Thb Exchange Rate with zero relevance to America's alleged oil boom and its effects on Saudi Arabia and job creation in Dakota.

More noise with no substance.

What is your analysis of what's happening Naam? Oh I forgot, you don't have one.

You cannot isolate one currency in a world market. If you want to know what's happening to the GBP, you have to look around. Countries are in a currency war but you wouldn't understand that.

What a bunch on nonsense you post.

An infinite production line of blah but all wishy-washy and no nut on the GBPTHB trade. Reminder: currencies are traded in pairs.

[chiang mai]

It's starting to feel like groundhog day with this rice pledging scheme being forecast to decimate the Thai economy, have you actually looked at the numbers? I'd post the link but it's disallowed so here's an extract, it's easy enough to google and find:

Bank of Agriculture (BAAC)

total loans - 1.21 trillion baht

NPL's - 3.95%

Bad loans - 35 bill.

Loss provisions - increased to 486% of existing NPL's

capital adequacy ratio - 11.2%

extent of loans subject to forebearance - unknown (just like in the US/UK)

So this state owned bank has assets of THB 1,21 bill or USD 40.5 bill whilst BOT foriegn currency reserves equal circa USD 170 bill.

Perhaps someone can explain to me, on the basis of the above, how the rice pledging scheme can cause the Thai economy to crash, even if all the rice had a value of zero (which it doesn't) this would seem to be nothing more than a rather large pimple representing an absolute worse case scenario of 10% of GDP (which is growing at 5.3%), more probably something like 2% of GDP?

http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=80&language=ENG

http://www.tradingeconomics.com/thailand/gdp

http://www.bangkokpost.com/business/news/353121/baac-trims-risk-by-lifting-loan-loss-provision-to-almost-500-of-npls

BTW: the answer to the above CANNOT involve, the numbers are not to be trusted.

EDIT:

Also, just an afterthought: BAAC is not a standard bank in the normal sence of the word since it is government owned and not subject to the usual banking regs., as already discussed infinitum.

You don't understand and can't make any sense out of it. Somehow, even though government owned, the Agricultural Bank has to settle the 700 billion in rice scheme loans with only 100 bil of its own capital or it is bankrupt. Yes it belongs to the Thai government but that merely means the Thai government is insolvent because it doesn't have the 700 billion either and the valuable rice which we know isn't worth near what was borrowed can't even be found.

And if you meant that the Thai government's numbers can't be trusted you are absolutely right.

Please provide a link showing that rice scheme loans total 700 billion and that they are all NPL's with zero value.

We have been over and over that "revolving fund" which has been in the news and posted in the news sections of ThaiVisa. If you can't keep up I'm not your tutor. The 500 bil revolving fund came up short and had to be shored up by at least 200 bil. The government removed for its own use 1/2 of the Agricultural bank's capital. That capital stands at 100 bil.

Once those are posted in the news and discussed, it isn't my job to go back and find them for you.

The Thai government cannot afford to bail out the Agricultural Bank. Even without a possible lower of its credit rating, it simply doesn't have that much money nor can it borrow it.

Put this in perspective. It is 1/3 of the amount of money it would like to, but has failed to, borrow for a high speed rail. That money would be repaid over 50 years. The rice scheme money is due now.

Jeeze NS, and you wonder why posters don't want to debate with you!

[NeverSure]

You don't understand and can't make any sense out of it. Somehow, even though government owned, the Agricultural Bank has to settle the 700 billion in rice scheme loans with only 100 bil of its own capital or it is bankrupt. Yes it belongs to the Thai government but that merely means the Thai government is insolvent because it doesn't have the 700 billion either and the valuable rice which we know isn't worth near what was borrowed can't even be found.

And if you meant that the Thai government's numbers can't be trusted you are absolutely right.

Please provide a link showing that rice scheme loans total 700 billion and that they are all NPL's with zero value.

We have been over and over that "revolving fund" which has been in the news and posted in the news sections of ThaiVisa. If you can't keep up I'm not your tutor. The 500 bil revolving fund came up short and had to be shored up by at least 200 bil. The government removed for its own use 1/2 of the Agricultural bank's capital. That capital stands at 100 bil.

Once those are posted in the news and discussed, it isn't my job to go back and find them for you.

The Thai government cannot afford to bail out the Agricultural Bank. Even without a possible lower of its credit rating, it simply doesn't have that much money nor can it borrow it.

Put this in perspective. It is 1/3 of the amount of money it would like to, but has failed to, borrow for a high speed rail. That money would be repaid over 50 years. The rice scheme money is due now.

Naam is right, this thread is about GBP/THB, you've led us all astray with your never ending mantra NS, let's get back on track, enough already.

You cannot look at the Baht vs the GBP without looking at the world market. That's tunnel vision. As for losses, here's an admitted 660 billion baht, and where's the rice in good condition to sell to pay it back? Remember, the government paid about twice what this rice is worth if it hasn't been stolen and if its in good condition.

Here's another, in the Thailand news forum here

stating 661 billion baht, numbers received from a corrupt government: Link

Price-pledging fiasco

Supannee Pootpisut,

Petchanet Pratruangkrai

The Nation

"Cumulative losses from Thaksin govts' farm schemes touch almost Bt400 billion

BANGKOK: -- Governments linked to former prime minister Thaksin

Shinawatra have inflicted cumulative losses of almost Bt400 billion on

the country through the pledging schemes for rice and other farm crops,

and the current government is responsible for a loss of up to Bt260

billion as at the end of May.

The Finance Ministry's Post-Audit Committee on the Rice Pledging Scheme

revealed yesterday that the government of Prime Minister Yingluck

Shinawatra had overspent the budget for the rice-pledging project -

Bt661.22 billion, well in excess of the Bt500 billion earmarked for the

project."

----------------

So what is an admitted 400 bil plus 260 bil, or the final sentence which says "Bt 661.22 Bil? Where do these numbers come from when everything is hidden from the public? This is only what is known and it's stunning.

Edited June 7, 2013 by NeverSure

[NeverSure]

If anyone here believes the numbers coming from the current administration, he really is blind.

[chiang mai]

If you want to look at GBP/THB you have to look at GBP/USD, that's as far as you need to go, MJP's chart of GBP shorts makes excellent reading, what say you now "onemoreamerican"?

[AnotherOneAmerican]

If you want to look at GBP/THB you have to look at GBP/USD, that's as far as you need to go, MJP's chart of GBP shorts makes excellent reading, what say you now "onemoreamerican"?

GBP/USD doesn't vary that much normally floats along at 1.4-1.6, not all that exciting unless you are a really big player.

But the Thai baht against western currency can double or half in a week, much more exciting.

But what it comes down to in reality is stability of Asia Vs stability of the West.

You think the west is finished, I think Asia is a disaster waiting to happen.

Either or both of us could be right.

Edited June 7, 2013 by AnotherOneAmerican

[NeverSure]

If you want to look at GBP/THB you have to look at GBP/USD, that's as far as you need to go, MJP's chart of GBP shorts makes excellent reading, what say you now "onemoreamerican"?

You CANNOT look at GBP vs USD. Each manipulates its own money to help its exports. The UK would like to have the GBP lower but it can't get it there. The US would like to have the dollar lower. The problem is that both are seen as safe havens and no matter how much they lower interest rates, money is flowing in.

Sometime when people short a currency they lose and sometimes they win. I don't play that game because really big international money will usually beat me and leave me as one of the suckers.

[chiang mai]

If you want to look at GBP/THB you have to look at GBP/USD, that's as far as you need to go, MJP's chart of GBP shorts makes excellent reading, what say you now "onemoreamerican"?

You CANNOT look at GBP vs USD. Each manipulates its own money to help its exports. The UK would like to have the GBP lower but it can't get it there. The US would like to have the dollar lower. The problem is that both are seen as safe havens and no matter how much they lower interest rates, money is flowing in.

Sometime when people short a currency they lose and sometimes they win. I don't play that game because really big international money will usually beat me and leave me as one of the suckers.

You've lost it NS, you don't know what you're talking about, over and out.

[NeverSure]

If you want to look at GBP/THB you have to look at GBP/USD, that's as far as you need to go, MJP's chart of GBP shorts makes excellent reading, what say you now "onemoreamerican"?

You CANNOT look at GBP vs USD. Each manipulates its own money to help its exports. The UK would like to have the GBP lower but it can't get it there. The US would like to have the dollar lower. The problem is that both are seen as safe havens and no matter how much they lower interest rates, money is flowing in.

Sometime when people short a currency they lose and sometimes they win. I don't play that game because really big international money will usually beat me and leave me as one of the suckers.

You've lost it NS, you don't know what you're talking about, over and out.

I've gone back and forth with you enough. If anyone doesn't know what he's talking about it's you. You have no education or knowledge of this subject yet you insist on making uninformed statements. I would be most happy if you would stop replying to my posts.

I post links. I just posted a new one which shows 661 billion baht that the government owes. That's a back breaker for Thailand. No one knows where any rice is or what condition it's in. The government is corrupt and it could all be stolen. This is a major concern and a number that could break that bank and the government. It could send the baht into a tailspin.

Where are your links? Where are your facts? Where is your cohesive debate?

Debate me with links and facts. Debate me on a world scale which is what drives currencies. Put some facts forward backed by links.

Don't just sit there like Naam and take pot shots with no facts and no idea what's going on. Neither you nor Naam has a clue what's happening and yet you like to sound important. Sounding important without links, facts, or cohesive debate only makes you look like what you are.

So please, "over and out."

[chiang mai]

Cool, so back to GBP/THB it is, rice pledging schemes never to be uttered in this thread again (we'll see how long that lasts)..

So, GBP/USD pushing 1.56 and THB headed right along with it towards 48, when is Carney due in and when's the first MPC under Carney, that would seem to be the trigger point for GBP's direction?

Edited June 7, 2013 by chiang mai

[NeverSure]

Cool, so back to GBP/THB it is, rice pledging schemes never to be uttered in this thread again (we'll see how long that lasts)..

So, GBP/USD pushing 1.56 and THB headed right along with it towards 48, when is Carney due in and when's the first MPC under Carney, that would seem to be the trigger point for GBP's direction?

You have all of the answers. Why don't you post your prognosis? I have posted mine along with links in many threads. Show us your stuff.

And BTW the thread, I thought I was told, is about the GPB/BHT.

I do agree one can't discuss them without discussing the relevant economies and global currencies, especially Western currencies which are manipulated, but some don't seem to like that.

Go ahead. Explain it all to us since you seem to only post wisecracks with no further information, links, or theories.

I want to know what you think and why, backed up by facts which are relevant to economies and therefore currency values if the economies are likely to affect currencies.

I want your expertise here backed by facts. Show me your stuff.

[chiang mai]

What I'll show you NS is that I, like many other posters, I have now put you on Ignore, that means that whilst you may post your baiting and drivel, I will not have to look at them since they will be hidden. You'll find that facility under My Profile, should you ever wish to use it. Byee!

[yoshiwara]

If anyone here believes the numbers coming from the current administration, he really is blind.

Yes. I'd much rather have your tin ear.

[NeverSure]

There are so many geniuses on here who can post personal insults, but aren't intelligent enough to discuss the facts of the international financial scene or discuss what might be happening, and why, with the baht.

I have never in my life seen such a long string of useless and insulting comments in response to links and actual facts.

All I can assume is that no one here has any knowledge whatsoever. Just look at the posts. They are useless in a discussion of the economies or currencies. Useless.

Are you all smugly satisfied that your insults make you look intelligent? Either get it on and discuss and debate, or yes, please put me on ignore. That is the last refuge of someone who is whipped.

You have all been whipped.