Bank runs in Bangkok, Samui, Pattaya and Phuket

[AfterLOS]

Well lets say, that in the next six months, net-net, there's more foreign sellers in the real estate market than foreign buyers, and (netted) 7,500 falang who own condos and building decide to sell up.

Let's say the average sale price is 4M Baht.

At the current exchange rate; the total is just under 1 Billion US dollars.

That's an ongoing drain from Thailand's foreign reserves at the rate of nearly 5.5 Million USD per day.

Let's not forget about all that Arabic, Iranian, Chinese, Japanese, Taiwanese and Indian (etc) hot-money flow reversing too.

And you also forgot to mention the ENORMOUS VODKA SWILLING ELEPHANT IN THE ROOM....the Russian money...

Did you forget T-Rex?

10, 25, 140, 157, 92, 51, 24, 13

http://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present)

[KarenBravo]

Well........no evidence of a bank run anywhere in the Kingdom.

What a waste of band-width.

[Pib]

It must therefore be assumed that in the coming days there will be a run to withdraw funds from Thai banks so that this money can be transferred out of Thailand.

Well, as the OP said above it was only his assumption. Wonder if we can charge him for the bandwidth used in this thread?