Baht depreciation expected

[SheungWan]

4 minutes ago, oldhippy said:

The Greeks swindled their way into the euro zone. With some help from Goldman Sachs.

So it can be done!

(yes I realise that was a different story, but "impossible" too)

Greece. Nothing to do with Thailand CB management of Thai baht.

[oldhippy]

5 minutes ago, SheungWan said:

Greece. Nothing to do with Thailand CB management of Thai baht.

My point is that Central Banks can cheat, in spite of all the experts telling us this will never happen because it is technically impossible & CBs respect high ethical international standards.

 

If the Greek CB can lie about national debt, and get away with it for a while,  why would Thai CB not be able to lie about reserves? Do not underestimate Top Bankers.

If fraudsters can manipulate the price of silver (remember?), why can fraudsters not manipulate exchange rates of an insignificant currency?

 

Banking is based on trust - as long as people trust Bankers , these Bankers can do whatever  they wish. Trust can be based on facts or not, same goes for distrust.

I do not believe in certainties.

 

PS. I used to teach macro economics.

 

 

 

 

[DonaldBattles]

3 hours ago, SheungWan said:

Ignoring the dollar and controlling the currency? Good luck with that one. A finance/economics course might be an option.

Remember July 2, 1997? These controlling rich people and the military people do what they want when they want to. Truck loads of money was shipped overseas to Swiss banks. They let it go from 25 to the $ and in Jan. 1998 it was 56 to the $ and the rich brought their money back. Yes I had Economics 101 and 102. Plus I have had 34 years of Thai economics. Don't ever think that the people who control the show follow any logic except what benefits themselves.

[SheungWan]

3 hours ago, oldhippy said:

My point is that Central Banks can cheat, in spite of all the experts telling us this will never happen because it is technically impossible & CBs respect high ethical international standards.

 

If the Greek CB can lie about national debt, and get away with it for a while,  why would Thai CB not be able to lie about reserves? Do not underestimate Top Bankers.

If fraudsters can manipulate the price of silver (remember?), why can fraudsters not manipulate exchange rates of an insignificant currency?

 

Banking is based on trust - as long as people trust Bankers , these Bankers can do whatever  they wish. Trust can be based on facts or not, same goes for distrust.

I do not believe in certainties.

 

PS. I used to teach macro economics.

Still nothing to do with Thai CB managing the Thai baht. PS, HE tenure?

Edited September 30, 2017 by SheungWan

[SheungWan]

1 hour ago, DonaldBattles said:

Remember July 2, 1997? These controlling rich people and the military people do what they want when they want to. Truck loads of money was shipped overseas to Swiss banks. They let it go from 25 to the $ and in Jan. 1998 it was 56 to the $ and the rich brought their money back. Yes I had Economics 101 and 102. Plus I have had 34 years of Thai economics. Don't ever think that the people who control the show follow any logic except what benefits themselves.

More like Conspiracy Nonsense 101.

[oldhippy]

3 minutes ago, SheungWan said:

Still nothing to do with Thai CB managing the Thai baht. PS, tenure?

OK I get it.

You believe anything, provided it is said by well dressed important looking people that use difficult expressions.

Your choice.

 

[SheungWan]

13 minutes ago, SheungWan said:

Still nothing to do with Thai CB managing the Thai baht. PS, HE tenure?

 

4 minutes ago, oldhippy said:

OK I get it.

You believe anything, provided it is said by well dressed important looking people that use difficult expressions.

Your choice.

 

So no HE tenure then on the macro-economics?

[oldhippy]

Just now, SheungWan said:

 

So no HE tenure then on the macro-economics?

I am not a native  English speaker.

I googled "tenure".

Still do not understand what you mean.

Do explain.

Please.

 

 

[SheungWan]

1 minute ago, oldhippy said:

I am not a native  English speaker.

I googled "tenure".

Still do not understand what you mean.

Do explain.

Please.

Academic tenure relates to full-time posts in the university system https://en.wikipedia.org/wiki/Academic_tenure

[oldhippy]

6 minutes ago, SheungWan said:

Academic tenure relates to full-time posts in the university system https://en.wikipedia.org/wiki/Academic_tenure

I still do not understand your question, the "HE" in front of tenure makes it even more difficult.

How about you just simply saying what you mean, rather than hiding behind words?

Again, I am not a native English speaker. And I believe we are not allowed to continue in the other languages that I speak.

[SheungWan]

5 minutes ago, oldhippy said:

I still do not understand your question, the "HE" in front of tenure makes it even more difficult.

How about you just simply saying what you mean, rather than hiding behind words?

Again, I am not a native English speaker. And I believe we are not allowed to continue in the other languages that I speak.

HE = Higher Education. So................................ no higher education tenure ie full-time university post then lecturing in macro-economics?

Edited September 30, 2017 by SheungWan

[SheungWan]

6 minutes ago, SheungWan said:

HE = Higher Education. So................................ no higher education tenure ie full-time university post then lecturing in macro-economics?

I think we are done with the deflections, the answer is obviously no.

So.........on the with baht issue. Looking at current rates, if GBPTHB holds or improves come November, I will be back spending sterling in wild abandon

[oldhippy]

1 minute ago, SheungWan said:

HE = Higher Education.

So you were just simply asking at what level I taught macro economics?

Tertiary level.

Students of 18+ years old.

 

I taught my students that banks could fail, that the Greek CB was lying, that export% are always wrongly calculated,.... and guess what: they did not believe me. Untill it became so obvious that it could no longer be denied.

 

 

 

[AGareth2]

On 7/16/2017 at 8:09 AM, oldhippy said:

t might become stronger, or possibly it will weaken.

wow!

[lucjoker]

what a lot of crap and stupid explaining.

Nobody knows what the Rockefellers ,who control the world financial markets,will do and when

they will do it.For them it is a game.

There is no explaining to do , there is no logic that's the sceme.

The best is to do the opposite of what is written in the news papers , because 

the Rockefellers own every news paper or social media there is.

If you let a monkey decide what to do with your money......you probably will do ok.

Today" they "say the bath will go down ,and tomorrow you will see the opposite happening.

Dont believe "the experts",they can explain every situation positif and negative on the same moment .

And if they are wrong they have a logic explanation for it .......all BS

 

Just go to the bank and look for the rates .......sell or buy if you can make a profit.

Never buy stocks ....unless you are a monkey........

All the rest are lies and liars.

Yours truely

King Kong 

 

 

 

[SheungWan]

1 hour ago, lucjoker said:

what a lot of crap and stupid explaining.

Nobody knows what the Rockefellers ,who control the world financial markets,will do and when

they will do it.For them it is a game.

There is no explaining to do , there is no logic that's the sceme.

The best is to do the opposite of what is written in the news papers , because 

the Rockefellers own every news paper or social media there is.

If you let a monkey decide what to do with your money......you probably will do ok.

Today" they "say the bath will go down ,and tomorrow you will see the opposite happening.

Dont believe "the experts",they can explain every situation positif and negative on the same moment .

And if they are wrong they have a logic explanation for it .......all BS

 

Just go to the bank and look for the rates .......sell or buy if you can make a profit.

Never buy stocks ....unless you are a monkey........

All the rest are lies and liars.

Yours truely

King Kong

Plenty of logic always coming from the Conspiracy nuts. "....sell or buy if you can make a profit." Fantastic.

[Senechal]

deleted

Edited October 3, 2017 by Senechal

[lucjoker]

4 hours ago, SheungWan said:

Plenty of logic always coming from the Conspiracy nuts. "....sell or buy if you can make a profit." Fantastic.

bought euros in March at 36,5 and sold them 2 weeks ago at 39,7

this is 3,2 bht /eu  , that's 80 000 bht profit for each 25 000 eu .

Now waiting until december ......if it's back to 36,5 ......i'll do it again .

it is just a matter of time and the numbers will turn good again.

I sold my house foor 11 milj bht.....so calculate.

No stockmarket for me .

 

[talahtnut]

On 26/11/2016 at 3:27 AM, fvw53 said:

Is somebody really able to predict the economy : even Fed Reserve Chairman Alan Greenspan had no clue of the crash until the day it happened in 2008.

A good economy is where the people believe it is good

A bad economy is where the people believe it is bad

The investors are like a bunch of small dogs : if one dog pees against a tree...all the dogs rush to this tree...until one starts to bark and panic hits

Spot on mate!   An economist is as good as a gypsy fortune teller with a crystal ball.

The only people that can predict a crash are the people that cause it.

The solution is to bring back the gold standard.

[talahtnut]

On 03/10/2017 at 9:06 AM, lucjoker said:

bought euros in March at 36,5 and sold them 2 weeks ago at 39,7

this is 3,2 bht /eu  , that's 80 000 bht profit for each 25 000 eu .

Now waiting until december ......if it's back to 36,5 ......i'll do it again .

it is just a matter of time and the numbers will turn good again.

I sold my house foor 11 milj bht.....so calculate.

No stockmarket for me .

 

Wise moves, but perhaps you should have bought Bitcoin.

[oldhippy]

38 minutes ago, talahtnut said:

Spot on mate!   An economist is as good as a gypsy fortune teller with a crystal ball.

The only people that can predict a crash are the people that cause it.

The solution is to bring back the gold standard.

I agree  - and I am / OK, I was a macro economist.

Except: what you say about the gold standard. It was based on nothing (gold is as much nothing as any other material), and it never worked.....

 

[oldhippy]

38 minutes ago, talahtnut said:

Wise moves, but perhaps you should have bought Bitcoin.

Or not.

I have no idea.......

[oldhippy]

On 03/10/2017 at 9:06 AM, lucjoker said:

bought euros in March at 36,5 and sold them 2 weeks ago at 39,7

this is 3,2 bht /eu  , that's 80 000 bht profit for each 25 000 eu .

Now waiting until december ......if it's back to 36,5 ......i'll do it again .

it is just a matter of time and the numbers will turn good again.

I sold my house foor 11 milj bht.....so calculate.

No stockmarket for me .

 

With the euros you gambled and you were lucky. Good for you. Better than gambling on stock markets, cards or lottery, but it is still gambling.

 

Selling your house - I presume in Farangland - was a good move, but you could do that only because you were lucky enough to be born in Farangland.

 

Life is not fair, but it was more than fair to you! Lucky man, now don't tell me you are handsome man too - I might get jealous!

[talahtnut]

1 hour ago, oldhippy said:

I agree  - and I am / OK, I was a macro economist.

Except: what you say about the gold standard. It was based on nothing (gold is as much nothing as any other material), and it never worked.....

 

I'm afraid you are right..but fiat currency and governments can not be trusted, and only lead to ever increasing debt.   Would you prefer a million in gold or a million in fiat paper?  The gold standard did work until greed and debt ruled.

[SheungWan]

12 minutes ago, talahtnut said:

I'm afraid you are right..but fiat currency and governments can not be trusted, and only lead to ever increasing debt.   Would you prefer a million in gold or a million in fiat paper?  The gold standard did work until greed and debt ruled.

I'll take the $1m if you don't mind. When you're ready.

Edited October 5, 2017 by SheungWan

[talahtnut]

33 minutes ago, SheungWan said:

I'll take the $1m if you don't mind. When you're ready.

Theres been a rush on the $1m at the moment, so I can only oblige with a paper note signed by an official bar girl, somewhere in walking street. [But as good as a Fed note]

[oldhippy]

1 hour ago, talahtnut said:

I'm afraid you are right..but fiat currency and governments can not be trusted, and only lead to ever increasing debt.   Would you prefer a million in gold or a million in fiat paper?  The gold standard did work until greed and debt ruled.

The gold standard only worked as long as people believed in the fairytale about notes being convertible to gold.

They never were.... not if many wanted to convert their notes.

 

Banking is based on trust. Trust is based on trustworthy institutions and their managers / governments. Trust ended a long time ago.

 

Besides, even centuries ago, what do you think happened when new rich gold deposits (as in mines)  were discovered? Gold down, silver up.... next new silver found, and back to gold, next ..... etc.

 

I certainly do not pretend to have the answers, but at least I know that I don't have the answers - therefore I know more than all those famous experts combined.

 

 

 

 

 

[talahtnut]

9 minutes ago, oldhippy said:

The gold standard only worked as long as people believed in the fairytale about notes being convertible to gold.

They never were.... not if many wanted to convert their notes.

 

Banking is based on trust. Trust is based on trustworthy institutions and their managers / governments. Trust ended a long time ago.

 

Besides, even centuries ago, what do you think happened when new rich gold deposits (as in mines)  were discovered? Gold down, silver up.... next new silver found, and back to gold, next ..... etc.

 

I certainly do not pretend to have the answers, but at least I know that I don't have the answers - therefore I know more than all those famous experts combined.

 

 

 

 

 

I have to agree with you. My way of dealing with the situation is to invest in my kids and a good woman..and a bit of fun.   Always skint and happy.

[oldhippy]

1 minute ago, talahtnut said:

I have to agree with you. My way of dealing with the situation is to invest in my kids and a good woman..and a bit of fun.   Always skint and happy.

Yes, invest in your own life! It is difficult enough to do that in a safe / intelligent way.

 

Aiming for a high "Return on Investment" by investing in the rest of the world is just greed, and dangerous too. It is a lottery.

 

 

[talahtnut]

1 hour ago, oldhippy said:

Yes, invest in your own life! It is difficult enough to do that in a safe / intelligent way.

 

Aiming for a high "Return on Investment" by investing in the rest of the world is just greed, and dangerous too. It is a lottery.

 

 

Yep, the 'casino' is designed to get your cash.

"For gold conjures up a mist about a man, more destructive of all his old senses and lulling to his feelings than the fumes of charcoal." Charles Dickens.

"Spend it and enjoy". Me.