Jose Posted December 28, 2013 Share Posted December 28, 2013 Link Link to comment Share on other sites More sharing options...
MJP Posted December 28, 2013 Share Posted December 28, 2013 Yup. Link to comment Share on other sites More sharing options...
HardenedSoul Posted December 28, 2013 Share Posted December 28, 2013 Those on fixed incomes from abroad should be feeling optimistic. My spare baht is being converted to gold as soon as $1180 is breached. 1 Link to comment Share on other sites More sharing options...
smokie36 Posted December 28, 2013 Share Posted December 28, 2013 Yes we are all watching with interest.....on the cusp of 54 to the pound.....if it hits high 50's a lot of money might be flowing into Thai bank accounts. Link to comment Share on other sites More sharing options...
MJP Posted December 28, 2013 Share Posted December 28, 2013 Some interesting comments to Tyler Durden's piece (I used to post on another forum with this guy), if I'm allowed to quote them in full . . . . laosuwan said . .. One thing you must understand about Thailand is nobody, and I mean nobody, especiallygovernment and those whose votes it bought, ever repays a loan or honors a contract, or pays taxes for that matter. Thailand has been bankrupt since 2010 but has been holding on with low interest rates and credit, both at the government and consumer levels. Rolling debt over, and over. The game is almost up now with Thai families leveraged at more than 2 times annual income and the government trying to issue bonds to pay subsidies on rice to buy the votes of farmers for the upcoming elections. Crime and the breakdown of law and order have reached levels I have not seen before. the shinawatra crime syndicate has stolen everything not nailed down and they are now trying to do treaties without parliament vote giving up rights to patent on local herbs and medicines, bringing in GMOs, even trying to build a US military base without a vote of parliament. the shinawatras have brought back their cambodian mercenaries to bangkok and they are picking off the opposition with sniper fire while the globalist BBC and other corporate media spin the story of shinawatra's as fighters for democracy. For more on this check out http://landdestroyer.blogspot.com/ So, yes, I agree with Tyler the game is almost up and a civil war is inevitable in Bangkok. The Thai are hopelessly disorganized but eventally we get out of be and tie our shoes. It's just a matter of when. 1 Link to comment Share on other sites More sharing options...
farang000999 Posted December 28, 2013 Share Posted December 28, 2013 Article is more of the usual BS from ZeroHedge which is a financial tabloid. Link to comment Share on other sites More sharing options...
farang000999 Posted December 28, 2013 Share Posted December 28, 2013 All you need is to hear the word "globalist" to know that you are listening to a lunatic rant. 1 Link to comment Share on other sites More sharing options...
David48 Posted December 28, 2013 Share Posted December 28, 2013 Nothing new in that article. Done much better by the webfact's topic in the Business Forum ... thailands-bubble-economy-is-heading-for-a-1997-style-crash ... the end of Thailand is nigh ... . 1 Link to comment Share on other sites More sharing options...
smokie36 Posted December 28, 2013 Share Posted December 28, 2013 100 Baht to the pound David....bring it on! Link to comment Share on other sites More sharing options...
bermondburi Posted December 28, 2013 Share Posted December 28, 2013 Baht has lost 10% against SAR this year. Keep on sliding ! Link to comment Share on other sites More sharing options...
David48 Posted December 28, 2013 Share Posted December 28, 2013 100 Baht to the pound David....bring it on! ... and good luck to the Soap Dodgers ... Actually, against the little Aussie Battler (AUD) ... the Thai Baht THB has actually strengthened ... It's a relative thing. Link to comment Share on other sites More sharing options...
Jose Posted December 28, 2013 Author Share Posted December 28, 2013 It's a relative thing. Exactly. All currencies are going down (at different rates) relative to the only metric that matters, their purchasing power. 1 Link to comment Share on other sites More sharing options...
thailiketoo Posted December 28, 2013 Share Posted December 28, 2013 It's a relative thing. Exactly. All currencies are going down (at different rates) relative to the only metric that matters, their purchasing power. That's of course the rate of inflation. What is bad? 1%. How is that store if financial stability, gold doing against the baht? The US dollar has gained 1 baht in the past 60 days. Now let me see what can I buy with one baht......... Link to comment Share on other sites More sharing options...
Thai at Heart Posted December 29, 2013 Share Posted December 29, 2013 This is not 97. But if the USA turns off the tap the baht will weaken. But not to the calamitous result.as.in 97 Link to comment Share on other sites More sharing options...
farang000999 Posted December 29, 2013 Share Posted December 29, 2013 The main catalyst of 1997 was the dollar peg. Sorry fellas. You ain't seeing a 50% overnight devaluation. Link to comment Share on other sites More sharing options...
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