Credit Crunch effect on Thailand

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MrPlum
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Post by MrPlum »

"Let no one who has the slightest desire to live in peace and quietness be tempted, under any circumstances, to enter upon the chivalrous task of trying to correct a popular error."---William Thoms
sargeant
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Post by sargeant »

Mr P i am so glad you put that link i thought you were talking about me for a while :lach: :lach:
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Spitfire
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Post by Spitfire »

sargeant wrote:Does that mean importers wont be able to get forex to pay for imports and therefore affect import jobs as well :? :shock:
If it does jeez we are in for a rough ride
They will still be able to get it, I'm sure. When you think about what's been happening and the climate for tourism(not so much cash withdrawn from ATMs etc), exports(harder to sell and less being sold etc), what the Thais have been spending their foreign currency on in the last few years(airports etc), unforseen problems everywhere(political unrest with all the consequences etc), lower investment because of unfavourable exchange rates(lots of companies pulling out of counrty etc), it's easy to see why they may be short of foreign currency to buy stuff they need from outside the country like raw materials for construction/oil/steel/copper/technology/military equipment etc.

The above on it's own might be enough for someone, somewhere, to keep the baht at high value against the major world currencies.

Just speculating Sarge, I'm no expert but that's how it looks to me sometimes depending on how cynical I'm feeling. There are a few 'pointers' but nothing definitive, I suppose.
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Chas
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Other dollars?

Post by Chas »

]Most of us on this forum are of sufficient age and financial security to enable us to at least look after our partner and his/her family (for at least basic needs) and for that I am very grateful.
Actually OZ, the reverse might be true. When taking the pessimistic view and thinking ahead as to how we might manage if the shit hits the fan and society self-destructs. .my partner and I have talked about heading back to the family farm in a small village in Issan. . where we could grow our own food as the family does now.

In all the government turmoil here over the last few months, I often pondered the fact as I drove around . . that everyone and everything was going along as usual. People working and getting paid, stores open, police "policing", schools "educating" etc. . .I think there is a basic strong universal desire to just continue day to day despite the ominous rumblings from beyond.

Here is a practical question, something I have thought about from time to time, how about moving money ( dollars or baht) to an account in a place like Singapore or New Zealand. ( Thinking here that they might be better insulated from a world economic collapse) Can it be done? Has anybody done it? Worth doing?[/quote]
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