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Discussions between the BOT (which is slowing down) and the government (which would like to lower them) about adjusting interest rates. This concerns household debt (very high in Thailand) and the value of the baht which is a problem for exports (potentially for tourism too) : [URL]https://www.zonebourse.com/actualite-bourse/Le-ministre-des-finances-thailandais-discute-des-problemes-de-liquidite-et-de-dette-avec-le-chef-47993112/[/URL].
The problem is with the loss of strength of the USD. [B]BOT[/B] should not debase the THB. Let the citizens of the government in the United States of America worry about the the strength of their currency.
The Bank of Thailand is doing the right thing by not lowering interest rates. There is absolutely no reason to. Lowering interest rates is going to inject needless liquidity into economy and drive up inflation. That is something Thai people do not need.
What the Thai people do need is to store their wealth in gold and Bitcoin. Thai economists should not pay any attention to a what the socialist economists in France have to say what so ever. France nor their economy should serve as an example to Thailand or quite frankly other free and progressive countries in the world.
Thai business simply need to tighten up cost controls if they are exporters. 5% increase in prices are not going to stop people from High Income countries from taking their vacations.
[B]Holla![/B]
[QUOTE=SubCmdr;2950307]The problem is with the loss of strength of the USD. [B]BOT[/B] should not debase the THB. Let the citizens of the government in the United States of America worry about the the strength of their currency.
The Bank of Thailand is doing the right thing by not lowering interest rates. There is absolutely no reason to. Lowering interest rates is going to inject needless liquidity into economy and drive up inflation. That is something Thai people do not need.
What the Thai people do need is to store their wealth in gold and Bitcoin. Thai economists should not pay any attention to a what the socialist economists in France have to say what so ever. France nor their economy should serve as an example to Thailand or quite frankly other free and progressive countries in the world.
Thai business simply need to tighten up cost controls if they are exporters. 5% increase in prices are not going to stop people from High Income countries from taking their vacations.
[B]Holla![/B][/QUOTE]You can overlook one wacky statement but 2 in one post -OMG!
A strong THB is good for the Thai people and the economy in general.
What the Thai people do need is to store their wealth in gold and Bitcoin.
The Thais need to cut personal debt.
Flights are rescheduling and sometimes even canceling from west to east. Do that affect the tourism in Thailand this year? Do they continue waiving of the visa fee for this season too?
Other than to show us that this poster has no understanding of micro or macro economics, I wonder why he made the following statement:
[QUOTE][b]OMG![/b][/QUOTE]That is something I only hear when a girl who speaks English first sees my [B]Big Black Dick[/B] or feels my [B]Big Black Dick[/B] penetrate her. OMG is not a economic term I am familiar with. Perhaps the poster can elaborate on this particular use case.
[QUOTE]A strong THB is good for the Thai people and the economy in general.[/QUOTE][B]Absolutely correct![/B]
[I]When the Baht strengthens against other currencies, imports become more affordable, and travel to nations with weaker currencies becomes cheaper. However, Thai goods become pricier in those countries, posing challenges for American companies attempting to export. Conversely, when the Baht weakens against other currencies, Thai goods perform better in overseas markets, leading to increased exports. Tourism in the Thailand flourishes as it becomes a more attractive option. Nevertheless, foreign goods become more costly within Thailand.The strength or weakness of a currency does not inherently denote good or bad outcomes. Instead, it presents a mixed scenario where the advantages or disadvantages vary based on individual interests and perspectives.[/I]
Thailand has a strong domestic economy. And as a country they have desirable product. So, the negatives of the strong Baht are negated because domestic consumption.
[I]Thailand is one of the largest manufacturing hubs in the world, with leading segments such as electrical and electronic appliances, automobiles and parts, and food products.[/I]
[QUOTE]What the Thai people do need is to store their wealth in gold and [b]Bitcoin[/b].[/QUOTE]Exactly, I think I said that very same thing. As I check the price of gold from when I arrived in Thailand and now it has increased both here and on the international market. As I check the price of [B]Bitcoin[/B] it has increased also in the last year.
[QUOTE]The Thais need to cut personal debt.[/QUOTE][B]Americans Are Carrying Record Household Debt in 2024[/B]
[URL]https://www.marketwatch.com/guides/banking/american-debt-2024/[/URL]
The average US Citizen is broke. So I am unsure once again the point they are trying to make other than to point out that in some countries personal household debt is indeed excessive. The Baht is getting stronger against the US dollar which is worth nothing and losing value every year (check inflation rates).
Both Gold (Au) and Bitcoin have acted as a hedge against inflation. Both Gold and Bitcoin are excellent assets to store wealth within. All you need to do is to take a look at El Salvador. Thailand should follow their lead. But making [B]Bitcoin[/B] as treasury asset it may be possible to lower the dependence upon the USD for them. In my opinion, Thailand should be thinking in the same way. How do we lower the dependance on the USD. I don't see any better option than to created a store of value base on Gold and [B]Bitcoin[/B].
The principles of a Treasury Asset (known as savings) work well in micro economics as they do in macro economics.
Dumb mother fucks who want to step to me better come with some facts. I've already knocked plenty of intellectual heads off in the [B]American Politics[/B] threads when it comes to economic theory and [B]Bitcoin[/B]. Don't get your differences in PPP (Pussy Procurement Processes) that you have with me confused with economic theory and reality. I spend a whole lot more mother fucking time in Thailand than most of the mother fucks that roll up on me talking their shit. The comments by the poster illustrate why I do not take financial / economic advice from [B]International Tricks[/B]!
[B]How you like me now[/B]?
[QUOTE=SubCmdr;2950307]A strong THB is good for the Thai people and the economy in general[/QUOTE]I know this is hard for you but try to avoid talking about things you don't understand.
[QUOTE=Thampi62;2950426]West Asia. Flights are rescheduling and sometimes even canceling from west to east. [/QUOTE]I had to Google where West Asia was. Never even heard of this term before. Learn something every day.
[QUOTE=SubCmdr;2950456]Other than to show us that this poster has no understanding of micro or macro economics, I wonder why he made the following statement....[/QUOTE]55555555 thank you I laughed a lot.
[QUOTE=BananaBoi;2950489]I had to Google where West Asia was. Never even heard of this term before. Learn something every day.[/QUOTE]I had to school a millennial on this coupla years ago. Take it from this super old guy, but there's a lot of Asias. It's the single most diverse continent. It kinda sucks that those of us from western countries seem to be the most willfully ignorant, but look at politics in the US and UK, and there doesn't seem much hope for humanity at all. Thailand is where it's at fellas. If I could sell my soul to retire in Thailand, I'd do it.
1: South East Asia (The paradise countries like Thailand and Singapore).
2: South Asia (India and neighbors, nuff said).
3: Far East (China, Japan and the Koreas).
4: Central Asia (Where all the countries ending with stans be at).
5: Middle and near east, also sometimes known as West Asia (where explosions happen all the time).
So many Asias!
[QUOTE=Thampi62;2950426]Flights are rescheduling and sometimes even canceling from west to east. Do that affect the tourism in Thailand this year? Do they continue waiving of the visa fee for this season too?[/QUOTE]A lot of people don't know this, but Thailand and by extension Bangkok is the most visited city in the world is cause of it's neighbors. Most of it's neighbors are either the same or slightly better off economically, so Thailand get's a huge amount of tourists coming in from other South East Asian countries. Folks like us from western countries, we kinda matter tourism money wise, but they'll be fine with just tourists from nearby countries.
And another interesting factoid. The prostitution business in Thailand is powered mainly by local hobbyists. Were talking 90 percent or more. What we do, where we go at the more famous mongering locations in Thailand is just a fraction of the reality of prostitution there. So don't bother with no moral quandary fellas, them locals partake in it and keep it going way more than we have anything to do with it.
[QUOTE=CaliGuy33;2947589]The best thing about Japan is indeed how Japanese follow the rules. I was just there a week ago and was flabbergasted at how everyone in the subways walks on the correct side even if the walk way going in the opposite direction is void of any people. If you're at a cross walk and there is no car in sight, no one walks across until the walk sign turns on. So yeah, hopefully riff raff travelers from all over the world don't kill Japanese culture and ettiquete. Thailand is already done for in this department.[/QUOTE]With a conviction rate of something lie 99%, I wouldn't worry about riff raff or crime in Japan. There's a reason why they're the safest country in the world for tourists, next to Singapore anyway. Yeah, it's culture, but it's also cause if they even think you've committed a crime, 99% chance you're off to jail.
Thailand ain't like that though. Culture is Asian sure, but ain't nothing like Japan. And I've been to Japan too. Ain't really no place like Japan. It's unique unto itself. I don't know dude, it's great to visit, but I can't imagine living there. The incredibly high stress, the pressure that society places on you to succeed, the office culture where people are expected to work themselves to the very edge. Sometimes to death. Look, I won't disagree that Japan is awesome in many ways, but no society is perfect.
From all my travels, I've only ever found 3 perfect countries, and one very close to perfect.
Singapore, Sweden, and Switzerland. They're perfect countries, and Thailand comes very close to being perfect. Nuff said.
[URL]https://www.youtube.com/watch?v=0R6wM6QH6Lw[/URL]
[QUOTE=NewtonYork;2950704]I had to school a millennial on this coupla years ago. Take it from this super old guy, but there's a lot of Asias. It's the single most diverse continent. It kinda sucks that those of us from western countries seem to be the most willfully ignorant, but look at politics in the US and UK, and there doesn't seem much hope for humanity at all. Thailand is where it's at fellas. If I could sell my soul to retire in Thailand, I'd do it.
1: South East Asia (The paradise countries like Thailand and Singapore).
2: South Asia (India and neighbors, nuff said).
3: Far East (China, Japan and the Koreas).
4: Central Asia (Where all the countries ending with stans be at).
5: Middle and near east, also sometimes known as West Asia (where explosions happen all the time).
So many Asias![/QUOTE]Dude you have been to Asia once, what are you the Board Wiki now?
[QUOTE=NewtonYork;2950705]A lot of people don't know this, but Thailand and by extension Bangkok is the most visited city in the world is cause of it's neighbors. Most of it's neighbors are either the same or slightly better off economically, so Thailand get's a huge amount of tourists coming in from other South East Asian countries. Folks like us from western countries, we kinda matter tourism money wise, but they'll be fine with just tourists from nearby countries.
And another interesting factoid. The prostitution business in Thailand is powered mainly by local hobbyists. Were talking 90 percent or more. What we do, where we go at the more famous mongering locations in Thailand is just a fraction of the reality of prostitution there. So don't bother with no moral quandary fellas, them locals partake in it and keep it going way more than we have anything to do with it.[/QUOTE]The Thai mongering scene is much lamer than you think.
Yeah, in upscale Bangkok, there is a scene, but outside of that, ladies work in host bars. There are no short time rooms or barfines. The ladies can only go with customers outside of work.
[B]I do not buy gold to make money unless you are speculating[/B]:
[QUOTE]real money was made in covered calls as my cost basis is -10 not counting dividends[/QUOTE][B]If I want to speculate[/B]: I buy stocks or crypto. If someone wants to talk real money with me then we need to talk [B]NVDA[/B] at 854% total return to date. [B]Holla![/B].
Gold is a a safe haven asset. I buy Gold (Au) for the same reason I buy Bitcoin (BTC) in order to preserve wealth. Gold has held its value against other commodities and consumer goods over the years.
[QUOTE=SubCmdr;2949420]Store value how ever you like my ISG brother. I happen to like how Gold is integrated into the economy here in Thailand. It allows me to simultaneously hedge currency exchange risks and inflationary policies when it comes to my short term emergency funds that I need for my Thailand operational expenses.
[U]Thai gold is fungible[/U] As long as you don't damage the gold you enter the gold shop and sell it back to them at the price being offered on that day. A mother fucker told me when I first arrived I would lose my ass if bought Thai Gold. That is why I do not take financial advice from [B]International Tricks[/B]. Gold prices are up significantly from when I first started buying on arrival. I introduce my visiting friends to Thai Gold and they have purchased significant amounts.
[I]Gold utility in Thailand is common and a source of earnings for the people. Gold jewelry is widely used in ornaments for different family events. It also serves a store of values and source of emergency fund during financial crisis.[/I]
ATF told me she survived the COIVD shut down by selling off her gold. She is re-accumulating it. I am buying right there with you.
But you my ISG Brother: [B]Dowhatchalike[/B]![/QUOTE][URL]https://www.bangkokpost.com/business/investment/2791852/follow-the-yellow-brick-road[/URL]
The allocations one chooses for their investment portfolio is different and one size does not fit all. I own Stocks, Bond (equivalents), Rental real estate, Commercial Real Estate, Digital Assets, Gold and a business. I am uncertain as to why when I mention one investment individuals think that I don't believe a diversified portfolio is best for most people. Like I said before, I do not give financial advice as an [B]International Trick[/B] and I do not take financial advice from [B]International Tricks[/B].
But I am interested in sharing information about creating and preserving wealth. Because without money none of could be [B]International Tricks[/B].
[QUOTE=NewtonYork;2950705]...
And another interesting factoid. The prostitution business in Thailand is powered mainly by local hobbyists. Were talking 90 percent or more. What we do, where we go at the more famous mongering locations in Thailand is just a fraction of the reality of prostitution there. So don't bother with no moral quandary fellas, them locals partake in it and keep it going way more than we have anything to do with it.[/QUOTE]Is that true? I mean plenty of action we farang don't know about? I have Thai friends whom I asked to give me tips about where to get laid in cities outside Bangkok and Pattaya, cities like Buriram, Ubon Ratchattani, etc. They couldn't give me any info.
Compare to Peru or Brazil where any waiter or cabbie in mid-sized or even small towns will point to several venues.
I've come to the conclusion Thailand is now (alas) a very "clean" country indeed.