Loss from rice pledging scheme higher than earlier estimates

[bangrak]

"They" have readjusted the numbers so many times that I have lost

all faith and their credibility continues to suffer by leaps and bounds.

But your 'credulity' in the good faith of 'the other ones before' seems to be unaffected.

Aah, of course when lil' Poo's 'government' would have been administering the scheme 'in a good housefathers' way', with the accounts of a decent/serious/complete bookkeeping being made public, then we would have had 'numbers' for a long time, but never did, because it had to be hidden to be able to let the scam go on...

Besides, 'the numbers' in such a huge financial operation change every day, by the minute so-to-speak (alas quite expectedly towards higher losses), not that you don't know that, is it?

Can you imagine what it could have become for Thailand, today, over two years later, when the people would not have come up against it, and the PTP 'government' would have remained in place, and voted itself an extra(!) 2,200,000,000,000 Baht in loans (outside budget, again), a lot/most of would have been diverted to go on financing the bottomless pit of an electoralist/robbers-at-night rice scam...?

[Dap]

"They" have readjusted the numbers so many times that I have lost

all faith and their credibility continues to suffer by leaps and bounds.

But your 'credulity' in the good faith of 'the other ones before' seems to be unaffected.

Aah, of course when lil' Poo's 'government' would have been administering the scheme 'in a good housefathers' way', with the accounts of a decent/serious/complete bookkeeping being made public, then we would have had 'numbers' for a long time, but never did, because it had to be hidden to be able to let the scam go on...

Besides, 'the numbers' in such a huge financial operation change every day, by the minute so-to-speak (alas quite expectedly towards higher losses), not that you don't know that, is it?

Can you imagine what it could have become for Thailand, today, over two years later, when the people would not have come up against it, and the PTP 'government' would have remained in place, and voted itself an extra(!) 2,200,000,000,000 Baht in loans (outside budget, again), a lot/most of would have been diverted to go on financing the bottomless pit of an electoralist/robbers-at-night rice scam...?

What are you rambling on about bangrak? I thought nothing of "the other ones before".

I was responding to this article and its information and nothing else. Get a grip.

[phoenixdoglover]

Pookiki makes an excellent point. The government is now only managing the storage and sale of remaining rice. Per the article above, the loss on this aspect of the scheme last year was 100 billion baht. This is a surprisingly large number. Unfortunately, again, no details are provided, so the reasonableness of the number can't be judged. But it begs the question as to whether the government is managing an asset now whose residual value is lower than the cost of disposition.

[Thian]

A stack of 100,000,000 dollars would reach 35,851 feet or 6.79 miles high , @ an exchange rate of 35 baht to the dollar ,

680 billion baht is a lot of money

How many metres and kilometres is that? We don't do miles here.