parallaxtech Posted February 3, 2014 Share Posted February 3, 2014 Suthep is now threatening to close down any Thai bank that assists the present caretaker government. I know that the insurance covers up to 50MB but should we be worried? I have substantial assets in SCB. 2 Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2014 Share Posted February 3, 2014 He is? Can you supply the link about that? You got my attention! Link to comment Share on other sites More sharing options...
Showbags Posted February 3, 2014 Share Posted February 3, 2014 http://www.thaivisa.com/forum/topic/701668-pdrc-leader-suthep-warns-banks-against-rice-loans-to-government/ might take my lazy couple mil out and hide under the bed....with it.. Link to comment Share on other sites More sharing options...
parallaxtech Posted February 3, 2014 Author Share Posted February 3, 2014 JT: Right at the top of the news on TV: http://www.thaivisa.com/forum/topic/701668-pdrc-leader-suthep-warns-banks-against-rice-loans-to-government/ Link to comment Share on other sites More sharing options...
Jingthing Posted February 3, 2014 Share Posted February 3, 2014 JT: Right at the top of the news on TV: http://www.thaivisa.com/forum/topic/701668-pdrc-leader-suthep-warns-banks-against-rice-loans-to-government/ Thanks for that. I can't be bothered to read all the Thai political news anymore. It's a good question -- should we take this threat seriously or not? I don't know. Link to comment Share on other sites More sharing options...
Popular Post chiang mai Posted February 3, 2014 Popular Post Share Posted February 3, 2014 Scaremongering, if you read the details and understand the facts, no bank is interested in lending money to the government for the rice scheme at present hence the point is moot. 4 Link to comment Share on other sites More sharing options...
Asiantravel Posted February 3, 2014 Share Posted February 3, 2014 (edited) OP I'm also with SCB . Has there been any news about SCB specifically? Unfortunately some of us don't have the luxury of taking the money out if it is part of the retirement visa process. Edited February 3, 2014 by Asiantravel 2 Link to comment Share on other sites More sharing options...
parallaxtech Posted February 3, 2014 Author Share Posted February 3, 2014 (edited) I haven't heard anything specifically about SCB but I know that the government is asking all the banks for a loan to take care of the farmers. I can leave the 800K in no problem but I put significantly more in over the years due to 0% interest in the US vs 3+% here. I still have most of my money in the US, but would be upset if I lost the money here. I am a little worried that due to the political/financial mess going on in Thailand that there could be a closure or raid on all the banks. Some of the big financial minds out there like Naam and Midas, please respond. Edited February 3, 2014 by parallaxtech Link to comment Share on other sites More sharing options...
Popular Post chiang mai Posted February 3, 2014 Popular Post Share Posted February 3, 2014 I'm sure the "big guns" will be along soon to answer your query, in the meantime, get a grip man, "closure or raid on all the banks", the paranoia syndrome is getting out of hand! 4 Link to comment Share on other sites More sharing options...
Popular Post Naam Posted February 3, 2014 Popular Post Share Posted February 3, 2014 I'm sure the "big guns" will be along soon to answer your query, in the meantime, get a grip man, "closure or raid on all the banks", the paranoia syndrome is getting out of hand! signed: big gun 3 Link to comment Share on other sites More sharing options...
chiang mai Posted February 3, 2014 Share Posted February 3, 2014 Chop chop Midas, aka Big Gun 2, all the OP needs now is some of your Zero Hedge posts telling him the world is going to end tomorrow and the circle will be complete. Sorry OP but you really should chill. Link to comment Share on other sites More sharing options...
Familyonthemove Posted February 3, 2014 Share Posted February 3, 2014 Good question from the OP - but it does not look like any bank is going to provide the loan. Can't blame them as the risks must be high. If a bank does provide the loan - then I'd move money from that bank. Link to comment Share on other sites More sharing options...
parallaxtech Posted February 3, 2014 Author Share Posted February 3, 2014 Ok, Wyatt Earp (Naam) has responded and doesn't seem worried so I will chill and Chiang Mai is cool right now so he should know something about chilling. From his lips to Buddha's ears. Alright, my last word on conspiracy/paranoia: Perfect Storm = Current government goes bankrupt resulting in a mass financial/political catastrophe and then you know who dies. If the government needed money it would be political suicide to take it from the Thai's bank accounts, but it would probably be roundly applauded if they took ours. I'll leave my money where it is unless the big boys start warning everyone to move it. Thanks for all the comments. I don't drink, but was about to start today, so now will rest and have a glass of milk. Link to comment Share on other sites More sharing options...
bigbamboo Posted February 3, 2014 Share Posted February 3, 2014 Suthep has threatened banks that assist the government and the government has threatened banks who don't. Have you got a mattress? 1 Link to comment Share on other sites More sharing options...
chiang mai Posted February 3, 2014 Share Posted February 3, 2014 The expression, "perfect storm" has worn out its welcome and is massively overused, can no one come up with some different, competition time perhaps? Link to comment Share on other sites More sharing options...
Jip99 Posted February 3, 2014 Share Posted February 3, 2014 OP I'm also with SCB . Has there been any news about SCB specifically? Unfortunately some of us don't have the luxury of taking the money out if it is part of the retirement visa process. No, you won't catch me risking good money in Thai banks, at the moment, just to meet extension requirements. Link to comment Share on other sites More sharing options...
parallaxtech Posted February 3, 2014 Author Share Posted February 3, 2014 CM: I agree, no more cliches. These are my choices: Perfect Monsoon Perfect Tsunami Tormenta Perfecto Holy Sh..t Combo 2 Link to comment Share on other sites More sharing options...
chiang mai Posted February 3, 2014 Share Posted February 3, 2014 Perfect Drivel seems to suit well. 1 Link to comment Share on other sites More sharing options...
NBD Posted February 3, 2014 Share Posted February 3, 2014 Fortunately (or not depending on your point of view) it would take more than a few protesters blocking the car park at head office to close a major bank. Your money is pretty safe with SCB, however if it was a serious amount I'd probably spread it around a few banks just in case. Link to comment Share on other sites More sharing options...
CMTourist Posted February 3, 2014 Share Posted February 3, 2014 Ordinarily I would say its nonsense to even think its at risk. Then the word Cyprus pops in to my mind and I can't be 100% sure. I'm stil 99.999% sure though! Link to comment Share on other sites More sharing options...
Showbags Posted February 3, 2014 Share Posted February 3, 2014 Ok, Wyatt Earp (Naam) has responded and doesn't seem worried so I will chill and Chiang Mai is cool right now so he should know something about chilling. From his lips to Buddha's ears. Alright, my last word on conspiracy/paranoia: Perfect Storm = Current government goes bankrupt resulting in a mass financial/political catastrophe and then you know who dies. If the government needed money it would be political suicide to take it from the Thai's bank accounts, but it would probably be roundly applauded if they took ours. I'll leave my money where it is unless the big boys start warning everyone to move it. Thanks for all the comments. I don't drink, but was about to start today, so now will rest and have a glass of milk. Do you think they will tell you before or after they remove theirs ? Link to comment Share on other sites More sharing options...
FiftyTwo Posted February 3, 2014 Share Posted February 3, 2014 (edited) Ordinarily I would say its nonsense to even think its at risk. Then the word Cyprus pops in to my mind and I can't be 100% sure. I'm stil 99.999% sure though! Did you forget Iceland? I put mine in Thai Military Bank, can't see the government or rebels playing with them. Edited February 3, 2014 by FiftyTwo Link to comment Share on other sites More sharing options...
fletchsmile Posted February 3, 2014 Share Posted February 3, 2014 Not a question I would consider seriously. But for those who are seriously thinking about it, take your pick: "Nothing sways the stupid more than arguments they can't understand" "Who's the more foolish? The fool or the fool who follows him?" (OB1: Star Wars) Cheers Fletch 1 Link to comment Share on other sites More sharing options...
Familyonthemove Posted February 3, 2014 Share Posted February 3, 2014 How about Standard Chartered - it's foreign owned so may be a better bet? Sent from my C6902 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
moradave Posted February 3, 2014 Share Posted February 3, 2014 I doubt that Suthep will try to close Bangkok Bank since they are so big in international finance. Also, they are a big donor to his cause. Link to comment Share on other sites More sharing options...
thrilled Posted February 3, 2014 Share Posted February 3, 2014 Thai banks!I don't trust any bank anywhere.Most countries have borrowed so,much.I believe the world is like musical chairs.It's all fine now.Wait til the music stops. 2 Link to comment Share on other sites More sharing options...
Skint Posted February 3, 2014 Share Posted February 3, 2014 I can't see how he will get away with this, just boycott his cooking oil Sent from my iPhone using Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
Naam Posted February 3, 2014 Share Posted February 3, 2014 Ok, Wyatt Earp (Naam) has responded and doesn't seem worried so I will chill and Chiang Mai is cool right now so he should know something about chilling. From his lips to Buddha's ears. Alright, my last word on conspiracy/paranoia: Perfect Storm = Current government goes bankrupt resulting in a mass financial/political catastrophe and then you know who dies. If the government needed money it would be political suicide to take it from the Thai's bank accounts, but it would probably be roundly applauded if they took ours. I'll leave my money where it is unless the big boys start warning everyone to move it. Thanks for all the comments. I don't drink, but was about to start today, so now will rest and have a glass of milk. to tell you the truth... since "Lehman 2008" i have always been more concerned holding cash in a multinational offshore bank than in any Thai bank. it's going to be six years and nothing has changed. drink your milk and relax Link to comment Share on other sites More sharing options...
hotrod4098 Posted February 3, 2014 Share Posted February 3, 2014 for me ..i would pull it out...why leave it in the bank and worry all the time...cash in hand works all the time... Link to comment Share on other sites More sharing options...
12DrinkMore Posted February 3, 2014 Share Posted February 3, 2014 The expression, "perfect storm" has worn out its welcome and is massively overused, can no one come up with some different, competition time perhaps? Hub of hubris? 2 Link to comment Share on other sites More sharing options...
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