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88
Report Gripen Fighter Jet Deal Still Alive, Says Thai Air Force
Cambodia has no fighter jets Why waste the money ? -
15
Crime Royal Thai Police Open Applications for 7,550 New Positions
Is this real, or just more "brown envelope" supposition. Sad if true. "...I've heard..." The clue to the hearsay is in his post, he has no actual idea.. -
68
Almost nobody seems to care about what I care about: Same with you???
Human beings are able to perceive 0% of reality, according to Daniel Hoffman. Seeing "true reality" would KILL us. Does anybody care about that? -
20
Bitcoin. The early days.
Personally, I'd disagree but I recognise that you might have no time for an alternative opinion, and that's OK. The rise in Bitcoin exists because of greed, fear of missing out, and new buyers being willing to pay more than the last ones did; in two words: irrational exuberance. Back in 2012 I worked with a colleague who had 6,000 bitcoins. He'd had them for many years at that time having got in right at the beginning, and he wasn't remotely interested in selling them. I occasionally wonder if he still has them but I've long since lost touch with him. Bitcoin has no intrinsic value. One day, as is always the case in the long term with these things, the bubble will burst. At first, holders will be shaken but will quickly try to reassure themselves that the price will rebound and restore the damage. In the meantime, the price will continue down. Because of the entrenched mindset, desperate searches for more evidence of a rebound will be sought; and the price will continue down as they do. Most will exit too late. I've seen it happen. History has many precedents for this: a) Tulip Mania, Holland (1636-7), when tulip bulbs became a status symbol and investment object. Prices rose 20x in a matter of months. Prices suddenly crashed when buyers vanished. Many were ruined. b) South Sea bubble, UK (1720), when the South Sea Company was granted trade monopolies in South America (which never materialized). Shares were heavily promoted to the public. The share price rose from £100 to £1,000 in under a year. The bubble burst almost overnight. Prominent investors (including Isaac Newton) lost fortunes. c) Mississippi bubble, France (1720 - a bad year, apparently), when the Mississippi Company was granted control over France’s North American colonies. Backed by paper money issued by John Law’s Banque Royale. There was massive buying of shares and currency. In the end, paper currency became worthless, shares crashed, and the French economy destabilized. d) Roaring Twenties stock market bubble, USA (1920's), when there was widespread speculation on stocks, often with borrowed money (margin). The peak was in 1929, with record highs on the Dow Jones. The 1929 Wall Street Crash triggered a global economic depression lasting over a decade. e) Japanese Asset Price bubble (1986-91), when Japanese stocks and urban land prices skyrocketed. At the peak, Tokyo was worth more than all of California. The bubble burst in the 1990's, triggering the "Lost Decade". f) Dot-Com bubble (1995-2000), when internet-related stocks surged on hype, despite many having no revenue (sound familiar?). The NASDAQ quintupled in five years. By 2002, the NASDAQ had lost 78% of its value. g) US Housing bubble (2002-2007), when housing prices surged due to cheap credit, risky lending, and financial engineering (CDOs, MBSs). Then prices fell, subprime defaults exploded, and major banks failed. Global recession followed. It is interesting to note that history shows that there was overconfidence in the "safe" nature of property—similar to the "store of value" argument used for Bitcoin. History repeats itself. Time will tell. -
121
Trump fires person in charge of jobs report
Posts with derogatory nicknames, intentional misspellings, or personal remarks will be removed. Spell names correctly for all sides of the debate. Some troll posts and replies were removed. -
7
Gaza crisis deepens as Netanyahu pushes annexation plan
Hamas need to be wiped out . Those who committed war crimes need to face justice . As they wont surrender to face justice, then killing them is the only way to bring them to justice
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