Thread: 55 badt to GBP / 42 badt to EUR

today again after i thought it couldnt get worse!!!!!!!!!!

And yet the dollar still doing good at 34, oh goody yip....yip hurah

wooooooo wuzzy whherrrrrrrrrr

....

you have dollars????? you get paid in badt.......or just happy????

If anybody has a big chunk of cash in thailand now, sending it to the uk and buying pounds right now might be a good trade. In a couple of months the baht to sterling could well be back to 63 and you could send the money back to Thailand and have 10% more cash to play with. Of course, It could go the other way and you'd have less, but if it does Thailands exports get killed as the baht rises and tourists have less money to spend. That might force a devaluation, personally I dont see how it can fail and have already sent cash into pounds to try it.

Originally Posted by Spin

In a couple of months the baht to sterling could well be back to 63 and you could send the money back to Thailand and have 10% more cash to play with. Of course, It could go the other way and you'd have less.

So, what you are basically saying is that the exchange rate could go either up or down?

^^ 4-months ago I said this:

https://teakdoor.com/business-finance...tml#post651735 (Thailand's Baht, Peso --- Decline)

Although I was incorrect about how soon the Baht would commence its decline. The net result for us interested in THB-GBP price is that we have some months of pain prior to the inevitable and steep decline of the Baht.

BBC NEWS | Business | Pound tumbles to a five-year low

pound tumbles because a wellpaid tosser named Mervin King gobbed off at a dinner last night saying UK was now in recesstion, well we all know that amongst ourselves but when the boss of Bankof England shoots his mouth off publicly it costs us mere mortals dear!! what a TWAT

The traitors in the Labour Cabinet and their lackeys in the Banking sector should be put up against a wall and shot.

They have done more irrevocable damage to the United Kingdom than an entire army of Islamic extremists could ever hope to achieve.

Originally Posted by EmperorTud

#10 (permalink) EmperorTud Twisted Mentat Last Online: Today 06:25 PM Join Date: Oct 2007 Location: Interzone Posts: 3,359 The traitors in the Labour Cabinet and their lackeys in the Banking sector should be put up against a wall and shot. They have done more irrevocable damage to the United Kingdom than an entire army of Islamic extremists could ever hope to achieve.

Have to agree with you Tuddy even though I am a Bigot (Scots one)

Originally Posted by EmperorTud

The traitors in the Labour Cabinet and their lackeys in the Banking sector should be put up against a wall and shot.

They have done more irrevocable damage to the United Kingdom than an entire army of Islamic extremists could ever hope to achieve.

However they are dwarfs compared to Margeret Thatcher, she destroyed British industry and replaced it with the "Service Economy".

^Labor had more than enough time to turn that around - but didn't. Fact of the matter is that Labor (as they are now) are Clinton-ite populists that (aside from Iraq) gave voters whatever they wanted. They were, and still are, a reactionary government. People in the UK wanted home ownership and a binge on credit. Otherwise why would they have had home equity release loans, etc.

Sorry, I am no fan of MT by a long stretch, but I just don't see how TB and GB cannot put their hands up and say "we got it wrong".

But I guess history will tell, long after I'm gone

Originally Posted by William

^Labor had more than enough time to turn that around - but didn't.

how ? once a century old industry is destroyed, it will not simply take a decade to restore it,

Tatcher fucked it up, and went too far, you would be strong and more conservative like Germany if it wasn't for Tatcher liberal ideas,

she destroyed England beyond repair, that was the consensus all over Europe back then, and now we see the direct results

^Sorry - as I have stated, I'm no fan of MT, but that is absolute bullshit.

The Uk has never being willing to invest in new techonology or innovative ideas since the Industrial Revolution.

Look at how many of the "advances" humanity has made - and look at how many of them have been done by Scotsmen - and then look at how many times the UK Govt. has put money behind that idea.

Since WWII the UK Govt - including MT - has been willing to put money into National Health, Unemployment Benefit and Old Age Pension - but apart from Delorean and other car manufactures (notbaly in Sunderland), I cannot recall investment in the future occuring - both with Labour or the Tories.

I was asked a question today:
"Option 1: Would I prefer to pay higher taxes in unemployment benefit, etc.?"

Or

"Option 2: would I be happy to see my tax go in free gifts to bail out banks and get 'credit' moving again?"

I went with Option 1 - at least we all know where we stand - no 'blank cheque'

53.8 to the Pound today and falling rapidly.

Originally Posted by William

The Uk has never being willing to invest in new techonology or innovative ideas since the Industrial Revolution.

exactly, that's where MT fucked up. Capital investment incentives is fiscal policy (government), nothing else, this is where they should have focus their effort, instead effort were focus on propaganda and the privatization or the complete destruction of industries, not creation or renovating industries,

Aussie dollar crashing 21.362.

Originally Posted by astasinim

MT left office almost 20 years ago, and people are still harping on about how she did this and that.

and the next government didn't do anything to change her legacy, they actually maintained it, so at the end she is still at the origin of the current mess

The pound is tanking 52.82 baht with Bangkok Bank....

Foreign Exchange Rates

Originally Posted by Butterfly

Capital investment incentives is fiscal policy (government)

I disagree. CI is more to do with the individual than the Govt.

But we told everyone "spend what the fuck you want, and will still take care of you"

i just checked there after hearing the news, I bet its going to go lower than that as well. As usual Im waiting for a transfer thats getting less and less by the day.

Originally Posted by Butterfly

Originally Posted by astasinim

MT left office almost 20 years ago, and people are still harping on about how she did this and that.

and the next government didn't do anything to change her legacy, they actually maintained it, so at the end she is still at the origin of the current mess

Funny enough, as I have mentioned on this forum before, I knew JM (John Major) before he became Channelor and before he became PM.

He was an OK money manager at Standard Chartered (out of Nigeria) -but he was out of his depth as Challencor.

Originally Posted by melvbot

i just checked there after hearing the news, I bet its going to go lower than that as well. As usual Im waiting for a transfer thats getting less and less by the day.

From the antiquated UK banking system I presume?

My Aus - Thai transfers take 24 hours and can be done online.