It's a world wide race to the bottom. May you live in interesting times.

It's a world wide race to the bottom. May you live in interesting times.

I agree and the end is not in sight yet. Pensioners are being used and abused. We saved for our retirement like the government asked us to and then they gave us the shaft in more ways than I can count. They are kicking problems down the road while we are being kicked out to the curb.

I expect bt35 to 1 USD in 2 months. There is too much beyond the control of the Junta that will adversely affect the baht. What measures the Junta could have taken to strengthen the baht had to have happened by 29015Q2 that haven't happened and there are global events yet to come that will impact Thailand's economy.

Hmm. ... someone may would suggest that some important person needed to change a lot of Baht into as many dollars as possible....

The baht has weakened by about 2%-3%. If "some important person" can't withstand a couple of % in the value of a Forex transfers then they ain't that important.

Methinks your theory is bulldust.

I expect bt35 to 1 USD in 2 months. There is too much beyond the control of the Junta that will adversely affect the baht. What measures the Junta could have taken to strengthen the baht had to have happened by 29015Q2 that haven't happened and there are global events yet to come that will impact Thailand's economy.

The BOT hasn't been doing anything to strengthen the baht. If anything they have been keeping it from appreciating.

Moving it to 35 won't give a massive boost to exports and will probably be inflationary.

Quote ...

"No new measures to weaken baht"

instead, new measures adopted to weaken the economy

By the time the BOT muppets wake up to reality, it will be far too late.

Just read an article that Vietnam was lowering the Dong but not much impact on the xrate against usd.

Meanwhile we get less intrest on our 800K !

Why does an retirement extention expat have 800k on his account ( with 1 mouth to feed ) , and a married expat only 400k , with at least 2 mouths to feed ?

Could it be because the married expat is obviously spending more in Thailand and injecting more into the Thai economy?

Feeding families, building houses,purchasing businesses for wife and family;

Investing in more than beer, viagra and bar girls...

Strange that Chiang Mai hasn't got a lot to say on the subject oh i forgot, he only likes to post when the THB / STG is going lower