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  1. #26
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    Quote Originally Posted by piwanoi View Post
    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by klong toey View Post
    Feck i can't remember what happened 10 minutes ago.
    Quote Originally Posted by piwanoi
    but remember 1997
    The government freed the market and floated the Baht.
    Schizophrenic times.
    Ahh yes the good old days , the big untruth going round at the Time that Thai PM Chavalit Yongchaiyudh and his side kick Thaksin made an absolute financial killing in the currency markets knowing full well in advance what was coming and took advantage of it , of course Personally I did not believe a word of it cos Thai politicians especially those who are trusted to run the countrys economy as we all know the Country comes first and there financial gains come in a poor last
    You'll remember the previous evening, the Finance Minister addressed the nation on the telli firmly suggesting that they would not float the currency. And the following morning, they did anyway......

  2. #27
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    Quote Originally Posted by thaimeme
    the Finance Minister addressed the nation on the telli firmly suggesting that they would not float the currency. And the following morning, they did anyway......
    Alzheimer is a terrible condition.

  3. #28
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    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by piwanoi View Post
    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by klong toey View Post
    Feck i can't remember what happened 10 minutes ago.
    Quote Originally Posted by piwanoi
    but remember 1997
    The government freed the market and floated the Baht.
    Schizophrenic times.
    Ahh yes the good old days , the big untruth going round at the Time that Thai PM Chavalit Yongchaiyudh and his side kick Thaksin made an absolute financial killing in the currency markets knowing full well in advance what was coming and took advantage of it , of course Personally I did not believe a word of it cos Thai politicians especially those who are trusted to run the countrys economy as we all know the Country comes first and there financial gains come in a poor last
    You'll remember the previous evening, the Finance Minister addressed the nation on the telli firmly suggesting that they would not float the currency. And the following morning, they did anyway......
    The word going round at the time that he was in on it to , but to a lesser degree , but only cos he did'nt have the same amount of Dough that Chavalit and Thaksin had , of course I did not believe a word at the time cos all it was was Chavalits political opponents stirring the shit up

  4. #29
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    Quote Originally Posted by piwanoi View Post
    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by piwanoi View Post
    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by klong toey View Post
    Feck i can't remember what happened 10 minutes ago.
    The government freed the market and floated the Baht.
    Schizophrenic times.
    Ahh yes the good old days , the big untruth going round at the Time that Thai PM Chavalit Yongchaiyudh and his side kick Thaksin made an absolute financial killing in the currency markets knowing full well in advance what was coming and took advantage of it , of course Personally I did not believe a word of it cos Thai politicians especially those who are trusted to run the countrys economy as we all know the Country comes first and there financial gains come in a poor last
    You'll remember the previous evening, the Finance Minister addressed the nation on the telli firmly suggesting that they would not float the currency. And the following morning, they did anyway......
    The word going round at the time that he was in on it to , but to a lesser degree , but only cos he did'nt have the same amount of Dough that Chavalit and Thaksin had , of course I did not believe a word at the time cos all it was was Chavalits political opponents stirring the shit up
    I forgot to add that it was a mere coincidence that the Baht went through the floor in July 97 and Thaksin was appointed Deputy PM in Aug the same year .

  5. #30
    Fresh Seaman CaptainNemo's Avatar
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    Fingers crossed, with the Baht and Bangkok sinking and an uncertain transfer of power from the current status quo, there'll be some bargains to be had.

    "education hub of ASEAN"! ...how on earth did Thailand manage to get so rich?!

  6. #31
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    The baht is sinking and Bangkok is sinking so everybody go to Myanmar ,











    Stroller & Stinky takes it up the JACKSIE ,

  7. #32
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  8. #33
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    Quote Originally Posted by can123 View Post
    Quote Originally Posted by Begbie
    Corbyn being elected leader of the Labour party in September should also push the pound down.
    You must be joking ! If the Labour Party elect Corbyn they will never win an election and the continuity of a Conservative government will only serve to increase the value of the pound against other currencies.

    No more Labour governments is great news for the UK.
    Quite correct CAN123,remember the last real socialist Gov under Wilson and Callaghan when inflation reached 26.9% and you had to smuggle your money out of the Country if you wanted a decent holiday abroad with your family? , the IMF refusing to lend them any more money unless they had a wage freeze ,leading up to the union chaos in the Winter of discontent ,leading up to Labour getting wiped out in the GE , I would suggest that those who not aware of this simple fact read on https://en.wikipedia.org/wiki/Winter_of_Discontent

  9. #34
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    I do remember getting a 20% pay increase circa 1982.

  10. #35
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    Quote Originally Posted by charleyboy View Post
    I do remember getting a 20% pay increase circa 1982.
    Which of course would have been totally useless under labour from 75 to 79 when Inflation rocketed to 26.9 %

  11. #36
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    THB is weakening as the global economy seems to be trending towards a recession. The US Dow has dropped nearly 1000pts in a month. Also the THB took a hit due to the latest TIP report.

    US keeps Thailand at Tier 3 | Bangkok Post: news


    I personally think it will weaken to about 35.8 to 36 to 1 USD exchanging $100 notes.

    I transacted a transfer at 35.21 Monday. Not bad being not to long ago the THB was bouncing off the low 29 high 28 mark. There is money to made buying and selling currencies right now.

    Bearish market looming. Yesterday Dow fell 212 to close low 17,389 i believe. China market had a huge fall out as well.

  12. #37
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    Chinese have devalued the yuan over the last two days. The baht is following it down, as is the Aussie dollar.

  13. #38
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    Quote Originally Posted by piwanoi View Post
    Quote Originally Posted by charleyboy View Post
    I do remember getting a 20% pay increase circa 1982.
    Which of course would have been totally useless under labour from 75 to 79 when Inflation rocketed to 26.9 %
    Not quite. The inflation rate ensured interest rates were shockingly high compared to today but the benefit in relation to a mortgage was such that although the first year or two was crippling, three successive annual pay rises meant the devaluation of the loan in real terms too. Fine if you were in good, secure employment.

    Happy days really and the world felt a lot bigger.

  14. #39
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    Quote Originally Posted by Seekingasylum
    Happy days really and the world felt a lot bigger.
    Elysian days, indeed, and a man could buy as many sausages as he wished.

  15. #40
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    Quote Originally Posted by piwanoi View Post
    Quote Originally Posted by charleyboy View Post
    I do remember getting a 20% pay increase circa 1982.
    Which of course would have been totally useless under labour from 75 to 79 when Inflation rocketed to 26.9 %
    Yes, of course a payrise in '82 would have been useless in '75.


    MORON



  16. #41
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    The pound was at 55.08 this morning, despite bad news elsewhere, but before the UK rise in unemployment was announced. That was balanced by an increse in earnings.

    If it carries on like this Piwi might be able to afford an education.

  17. #42
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  18. #43
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  19. #44
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    The Sing Dollar is dropping like a stone...

  20. #45
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    1.00 Gbp = 55.1502 Thb

  21. #46
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    Fooking typical just when we are getting ready to feck off the Baht weakens.

    You really can't trust the barstads.

  22. #47
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  23. #48
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  24. #49
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  25. #50
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    The guy reflected under the JPY looks like a Neanderthal

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