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Hermanolobo
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I would have posted this thread on 'Money Matters'. Apart from being a bit quiet on that section, this question has wider boundaries.
The Baht is high with regard to other currencies. Nations around the world are unofficially devaluing their currencies to make them more competitive.
What is happening in Thailand ?
Tourists numbers are well down, imports are expensive and exports are expensive to others.
The baht has not been floated to find it's real level.
The puppet government is falling apart at the seams and is lashing out at the Saudis.
Would it be a good idea to wait until the government falls and the baht follows suit ?
Thereby making Thailand good value again ?
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Thai Girls : Meet Sexy Thai Girls
Posted on: 7:09 am on Sep. 21, 2010
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Broken Leg
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Thailands exports are booming at record levels, it's GDP rose 12% in the first quarter and 9% in the second.
It's current account is estimated to hit a surplus of $20 billion this year.
And the despite the reds, foreign direct investment has increased too.
Just what the f*** do you think is going to happen to make Thailand better value for sex tourism?
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 9:20 am on Sep. 21, 2010
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thailife
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A lot of the export growth is autos.... but take that away and the numbers would look horrible.
It's all one big cycle, and I feel we are near a top nopw..... look out beloew !!! All of this is good news for punters.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 10:23 am on Sep. 21, 2010
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Broken Leg
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Quote: from Hermanolobo on 9:57 pm on Sep. 21, 2010
Phuket is now more expensive than Spain and other European destinations.
Is it? I paid 12 euros for a beer in Ibiza this summer.
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Thai Women : Meet Matured Thai Women
Posted on: 10:30 am on Sep. 21, 2010
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Hermanolobo
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Quote: from Broken Leg on 10:30 pm on Sep. 21, 2010
"Is it? I paid 12 euros for a beer in Ibiza this summer."
Well you will drink in Pasha !
I know a chap from Spain who lives in Phuket.
That is where I got my information.
I wouldn't believe any of the bullsh*t from the Abhishit government. They spend a fortune on arms they don't need. Like the GT200 dowsing rod !
Vikingblood - if that is the case I will go somewhere else.
The last time I was in Thailand I got 67THB to the pound.
Now it is 46THB.
The maths make that a rather more expensive place.
The Red Shirt thing is still there. It is not about Thaksin as the PAD-Yellow lot would have you believe. It was, but not now. I expect long term, quite a few profound changes.
It could go one of two ways, either more like Burma, or more like Singapore. Or a third way, total chaos. There is quite a bit going on behind the scenes as the power players take their positions for the inevitable.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 3:55 pm on Sep. 21, 2010
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China Sailor
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What y'all do not understand is that nothing that Thailand does will affect the Bhat.... I mean look at the recent intervention that the Japanese did for the Yen, useless. The current exchange rates are driven by the weakness of the USD and EUR.
Frankly, it is in the best interest of the US and the EU to keep their currencies weak until consumption picks up at home. A cheaper currency keeps exports out and supports the local financial markets.... personally I do not see the situation changing until the US and EU straightens out their budget deficits.
BTW: It hurts here in Singapore too, not only are my USDs down by 15%, the strong SGD is driving up day-to-day costs too...
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Thai Girls : Meet Active Thai Girls
Posted on: 8:39 pm on Sep. 21, 2010
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StrayGypsy
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frick since the financial crisis !  opps uhumm ! let me clarify that mistatement ! since the over speculative housing price/ credit expansionism bubble financed thu honest bookies in suits by way of selling high risk junk cdo's to every country's gov and corp pension funds
yes I'd say credit/ loan deals are very tight ! cause every countries' now nationalized banks and are paranoid as hell from trading with each other
and who can get a mortgage then 2nd mortage credit loan without a job nowdays ?
till the entire world gets comfortable together with credit/debit deal making and on the same macro econ direction then were stuck as insular isolationist and our money purchasing power will be as only good in the regions where we reside !
budget for and adjust your taste my friends ! adapt and seek food and clothing bargins at Big C ! take pass on those big ticket items for just awhile ! barter your computer skills for a Singha Large ! trade/ give a good massage for sex with your best go go GF !  dont shop for a week ! we will survive theres plenty of rice in Thailand !
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Thai Women : Meet Matured Thai Women
Posted on: 12:40 pm on Sep. 22, 2010
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koolbreez
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There are things going on in public view that make the baht strong. Thailand is right now paying the best interest rate on deposits of any other country in the region. Thus there is a big influx of foreign money. There is also an extremely large trade surplus, to the point of over 70billion in just US dollars. It is starting to hurt the export business, to the point that export fees, and shipping fees were just recently allowed to be payed in foreign currency.
Behind the scenes there is something even bigger just about to happen. The head of the central bank reaches the forced retirement age in November.
With a huge surplus of US dollars, and him able to take his retirement bonus in US dollars if he so chooses, he will take this option. Then his successor lowers the interest rate, the baht get weaker, but more importantly the US dollar gets stronger, and the retiring head of the central bank makes a killing when he sells his dollars for baht. There is speculation that within a few months he can increase his bonus by as much as 7%-12% depending on where the baht ends up after the interest rate adjustment.
This is all behind the scenes speculation, but the sources have been very reliable in the past, and the timing seems to fit. We might be back to bt35 to the dollar sooner than most think.....lolol.
Never think that free markets are at work in Thailand. There is always some form of corruption in play in all financial dealings, and with the head of the central bank just on the verge of retirement, his nest egg has to come from somewhere legally, now that everything dealing with huge sums of money is looked at closely by those trying to discredit the current government. This is the perfect way for him to legally increase his bonus, and current holdings, by a sizable amount.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 4:58 am on Sep. 23, 2010
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