Calls grow louder for action on baht

[jitagawn]

"government is the consumer of last resort and is the only thing that can stop a recession."

 

YOu mean the depression that they have created by their wanton spending and deficit structure, stealth currency debasement ,manipulation of economic statistics and collusion with the FED< in concert with the banksters and the world wide banking families which are robbing the middle class blind world wide.

 

Oh yea I trust the gov. Its all about OTC mark to model and they want it paid back IN GOLD.

Geez... I am done

 

 

 

Right lets get out of debt by spending MORE getting more in debt.

Geez brainwashed

 

[LizardKing]

No, you're brainwashed thinking that tying an economy to a commodity is a smart thing.

 

You're smarter than that J. You need to sit down and think about it, the least of all the security implications about being tied to a commodity, but also the way it stops good bankers (yes, they are out there) from stabilizing the economy.

 

This thinking will give you more ammunition as to why regulations are necessary and an unfettered free market is a deadly as communism. Let the Dem or GOP hatred go and just be logical...

[chill]

The bitterness coming from the us right is way over the top.

As far as the baht is concerned though it seems internal debt is high and the banks seem to own many many disused abandoned properties and new car sales are high, afik they dont have huge external debts. so pressure on the baht is minimal.

maybe completely off target but it seems that simple to me

[Flashermac]

New car sales are high because Thais can buy one by only putting 30,000 or 40,000 baht down!

 

 

[allistar]

They don't have huge external debt (unfavorable balance of trade) because the duty on anything imported to Thailand is high enough to make the item at least 30% higher than the same item sold in the U.S.

[ThaiHome]

Thailand runs a trade surplus because the value of its exports is more then the value of its imports. The custom duty as little if any impact on that. Consumer goods that indeed get a 20-30% duty charge only make up about 10% of the imports. The biggest imports are raw materials, capital goods, and oil which are taxed at 1-5%. Much of the capital goods can be completely duty exempted under various investment incentives. Import duties on raw or essential materials used in export products for a period of up to 5 years are exempted.

 

It actually ran a small trade deficit in 2008; mainly due to the fact oil was over 100 bucks a barrel for most of that year. Thailand imports about a million barrels a day which is mainly used to produce gasoline, diesel, and lubricants. Most of the power and the feedstock for the large polymers industry are from natural gas. Thailand imports (from Myanmar) about 30% of its natural gas.

TH

[Old Hippie]

SO were Cav's sources right? did we see a correction?

[cavanami]

Coming....coming....coming...

[Old Hippie]

40,50, 60/1?

[cavanami]

No, you're brainwashed thinking that tying an economy to a commodity is a smart thing.

 

You're smarter than that J. You need to sit down and think about it, the least of all the security implications about being tied to a commodity, but also the way it stops good bankers (yes, they are out there) from stabilizing the economy.

 

This thinking will give you more ammunition as to why regulations are necessary and an unfettered free market is a deadly as communism. Let the Dem or GOP hatred go and just be logical...

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