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wwest5829

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Posts posted by wwest5829

  1. 12 hours ago, DrJack54 said:

    It's actually "for long term stay" 

    The last option for "reason for transfer" 

    It does not guarantee will be shown as FTT.

    I use Kasikorn which is also partner bank with WISE. 

    In over a decade, I have never encountered anything other than the FTT entries using this route with this reason checked. I authorize Wise, once a month, to do an EFT withdrawal of $2200.00 from my US bank, following the steps outlined, the deposit goes into my Bangkok Bank Account in Thai baht. For Visa Extensions, I go to Bangkok Bank and get a print out of the monthly deposits for Immigration … no issues to date in CM.

    • Haha 1
  2. 8 minutes ago, charleskerins said:

    The numbers indicate that under FDR the unemployment rate was reduced by 7% before WW2. Source US Bureau of Labor Statistics.   New Deal ,Social Security WPA ,TVA ,etc.

    Agreed that FDR legislation alone did not end the depression and that it was WW II that brought on the economic recovery. Reality personally was my Uncle hired through the CCC and family benefited. However, looking at another of your posts, I would think we have more agreement than disagreement. The social legislation in the long run, I think was a direction needed to progress today for the benefit of the working middle class in the USA. 

  3. 3 minutes ago, charleskerins said:

    Is interesting a synonym for false ? i earned my degree from Villanova   

    Annual 
    1 : As of Feb. 7, 2003, series codes for CPS data will change; data shown abo
    1929 3.2
    1930 8.7
    1931 15.9
    1932 23.6
    1933 24.9
    1934 21.7
    1935 20.1
    1936 16.9
    1937 14.3
    1938 19.0
    1939 17.2

    Care to state what your numbers indicate and the citation of your information source? The Depression continued but to place the "cause" on FDR's and Congress legislation is not valid. The idea is to be both civil in academic discussion and cite pertinent valid information.

  4. 4 minutes ago, Jingthing said:

    There have been a few complaints about using the word stupid.

    Everyone is stupid in some ways.

    The word clearly helped stimulate the discussion here.

    Herein lies the problem. Everyone is "ignorant" (lack of knowledge) in some ways. Looking at the definition of "Stupid" implies quite a different meaning. PC? No, just English usage from someone who spent a lifetime in education.

    • Confused 1
  5. 4 minutes ago, Celsius said:

    It's not fair or accurate to label financially struggling Western retirees as "stupid" for not retiring abroad. There are numerous factors that can influence a retiree's decision to stay in their home country rather than moving abroad. Here are some of the considerations:

    1. Financial Constraints: Not everyone has the financial means to retire abroad. Moving to another country often involves substantial costs, and some retirees may not have the resources necessary to make such a move.

    2. Family and Social Ties: Retirees may have strong ties to their home country, including family, friends, and community connections. Leaving behind these relationships can be emotionally challenging.

    3. Health and Healthcare: Access to quality healthcare is a crucial consideration for retirees. Some may have specific healthcare needs or preferences that are best met in their home country.

    4. Language and Cultural Barriers: Moving to a foreign country can be intimidating, particularly if you don't speak the language or aren't familiar with the culture. Some retirees may not feel comfortable navigating these challenges.

    5. Legal and Immigration Issues: Depending on the destination country, there may be legal and immigration issues to navigate, which can be complicated and time-consuming.

    6. Personal Preferences: Retirement is a highly personal decision. Some retirees simply prefer to stay in their familiar surroundings and are content with their lifestyle, even if it means financial constraints.

    7. Risk Aversion: Moving abroad comes with uncertainties and risks, and not everyone is willing to take on these challenges, especially in their later years.

    Instead of labeling retirees as "stupid," it's more constructive to consider their individual circumstances, choices, and priorities. What might work well for one person may not be suitable for another. Each person's financial situation and personal preferences are unique, and there is no one-size-fits-all solution for retirement.

    Thank for taking your time to offer valid "food for thought".

  6. 2 minutes ago, Yellowtail said:

    FDR did nothing but extend the depression. The recovery was well on it's way before his interference. 

     

    3 minutes ago, Yellowtail said:

    FDR did nothing but extend the depression. The recovery was well on it's way before his interference. 

    Interesting interpretation of history. Could I ask where you earned your degrees in history or economics? I would agree that it was WW II that brought the world clear of the economic depression.

  7. 7 minutes ago, Lacessit said:

    I am wondering when the penny will drop with Americans that unbridled capitalism is doing them no favours, and mild socialism is not the evil most are conditioned to believe.

    It happened before when there was a real perceived threat. The result was, when their back seemed to be against the wall, FDR was able to get social legislation through Congress. But then, they were facing the Depression. Those with power/wealth will not bend until there seems to be no other way. Sad ... any confrontation, such as what we are facing increasingly today, could be avoided by taking a "middle road" paying increased attention to moderating the economic stress among the working middle class upon whom any hope of a participatory democracy depends in the USA.

  8. 1 hour ago, jaywalker2 said:

    At 60. you'd have to take an early retirement and wait five years for social security to kick in. And it's still going to be difficult. If you've lived your whole life in your home country, trying to adapt to a foreign culture at that age is very stressful, particularly if you don't have much money. Loneliness is a killer too.

    Just a note, education certainly counts in there for adaptation as does having a liberal outlook.

  9. As stated, reasoning varies and I make it a principal not to call others, “stupid”.  Each must make their personal decision. I do note that there are millions of Americans, like myself who cannot afford a working middle class retirement in the USA and that points to further proof of the unsustainable economic system. I chose to retire in Thailand where I can afford food, clothing, lodging, a car, motorbike and some travel with my now, Thai Wife and Thai Stepdaughter. But there certainly was a cost. I met my two Grandsons for the first and probably only time this past April. 

    • Like 2
  10. 23 minutes ago, Captain Monday said:

    I'm still working. Prt B coverage is a decision for the future which I will base on a plan never setting foot in the Gun/God/Freedumb entity ever again after retirement.

    I have only kept it in case of cancer, Parkinson’s, etc. tThe chances of any major disaster are diminishing. Living full time in Thailand, keeping the premium would be of substantial income benefit. Complication would cancel my employment Advantage program.

  11. 6 hours ago, KhunLA said:

    NOT A TRUMP VS BIDEN CONVERSATION (PLENTY OF THOSE) just an observation of administrations and debt increases.  All things, including interest & inflation affects our buying power, where ever we live.

     

    And for those Yanks keeping score, inflation vs COLA, aren't even close.  Inflation easily 100-150% since 2000.   So spend it now, as worth less tomorrow 😎

     

    -0- inflation, that's just insulting

    image.png.1b61814bc786524029234479fda22407.png

     

    Why I love Biden and hope for a win in 2024 🤣

    (COLA = 17.8 % + 25% (exchange rate)

    image.png.fc320832da3e8c1060dd2ba0b09a0711.png

    2024 - 3.2%

     

    Along w/better exchange rate, for whatever reason

    image.png.adf1f6372607938bf5341d2a51a17af5.png

     

     

    Th President does not determine the Cola adjustment. Presidents can influence and support the Social Security or not. Good example was beginning to tax Social Security payments under President Reagan.

  12. 6 hours ago, Captain Monday said:

    Of course, automatically deducted every month along with other deductions, and a huge chunk of income tax wasted on who knows what. Problem It is not portable internationally after I retire I plan NEVER to go there again !

    I pay also but this Medicare, Part b coverage is voluntary, we can chose not to have this hospitalization coverage.

  13. 7 hours ago, In Full Agreement said:

     

    Are you paying into the Medicare system?

     

    I am paying monthly, as do US military retirees. They get global medical coverage, I get zip (I will continue to support the military retirees rights, I just want equal coverage). The monthly premium I view as insurance in case of need to return to the U.S. for major medical … I have strong doubts if, in fact, that is a smart decision as there would co-pays and deductibles. 

  14. 12 hours ago, Jingthing said:

    I recall Japan pays out massively but not sure about the age required.

    Norway pays medical bills for expats. 

    I don't have the link now but I recently saw an article which ranked national retirement systems and the U.S. ranked in the middle as average.

    Though I can see your angle is expat friendly retirement systems. 

    That would be interesting to see a detailed report on that.

    About the U.S. age 62 thing. At that age you get reduced by 25 percent pay and that's in effect for life, so not as great as you might think. Full payout varies by birthday but is roughly 66. Wait until 70 and you get more.

    Agree with your observations. I retired here in 2011 at age 64 1/2 as I was on the academic year calendar and having had 5 by-passes in 2005, I did not want to wait another year before retiring. I do count myself fortunate in my U.S. Social Security continuing and receiving the annual cost of living adjustments. Not as fortunate in getting Medicare coverage as supplied to fully retired military retirees. US Social Security is based on lifetime earnings … a large reason why I cannot retire in my own country.

  15. 45 minutes ago, thaibeachlovers said:

    Sending heavily armed soldiers backed up by artillery and airpower into Gaza will not eliminate Hamas which has gained hundreds of thousands of new supporters in many countries ( and the leaders of Hamas do not apparently live in Gaza ), but it will result in the deaths of many innocents.

    While many innocents will die, after the slaughter ends many israelis will have to live with the memory of killing children and women. As the soldiers that committed My Lai can attest, it's not a happy memory.

    One wonders if netanyahu has taken the brutalisation of young israelis into account in his ( IMO ) quest to annihilate Palestinians.

     

    IMO all that will result from this is that israel will face millions more opponents than it started with.

    History reflects that, in the short run, you can suppress by the use of force but, in the longer run, unless the underlying cause is addressed there will be continued resistance. I agree with you as regards the psychological costs and doubt Bibi is taking that into consideration ... or if he is ... regarding it as collateral damage. A homeland for the remnants of the annexation of the Jews by the Nazis led to the formation of current day Israel. Perhaps the action results by Israel will bring forth a sustained demand for a Palestinian homeland. I cannot see any other alternative hoping to bring about a sustainable peace but a two state solution. Israel will oppose its removal totally from the West Bank but, as you point out, it is currently endangering burning through global good will.

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  16. 2 hours ago, thaibeachlovers said:

    Who is the "aggressor" in Gaza right now?

    IMO it's the ones bombing over a thousand children to bits.

    The fighting continues on both sides. We would, no doubt, agree on wanting the death and destruction to stop. Israel had a right to respond but I am not one who would agree to taking all measures. I doubt a ground invasion of Gaza will turn out toward that end.

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