Cake Monster

According to another source of news out of BKK a couple of days ago, a very large sum of Money has been loaned out by these Banks to Italian Thai already. A considerable percentage of it being in the form of unsecured Loans These Creditors have absolutely no choice at all in their action of trying to keep IT afloat. They have to try and secure their money back after lending against poor quality Any defaults by IT would hit the Banks very hard indeed, down grading their credit worthiness at the very least Stormy seas ahead me thinks

There is every possibility that some of these " Senior Military " people will be wanted by the ICC for War Crimes. Does Thailand wish to be seen aiding these monsters ? It has also been reported that the flights were to also carry out " Important Documentation "

Why would they have paid 7 Billion Baht for the Sub ? as a down payment. Any procurement of this kind should have had a due diligence taken out upon it, which would have flagged up the fact that under EU Law, no parts or equipment manufactured in the EU are allowed to be used in anything manufactured in China for any kind of Military use Gross incompetence

Its not just shelf stocking that seems to be a daytime only activity Are there any workers on the " important " constant roadworks that work during the night as not to disrupt traffic during the Day, or at least to minimize the disruption. I think the introduction of night workers on these road works would speed the entire operation up no end

I think there is a fair chance of the latter coming to fruition Of course Thailand will say " we only supplied it and were not involved in its distribution "

The mind duth boggle at the thought of a Thai and Nuclear mix

+1 on the accounts It is your legal right to be able to view the Accounts on a Monthly basis, These Accounts are legally to be posted in a prominent position where they are able to be viewed without any kind of restrictions. 200K in debt ? I dont know how you became aware of this , but the residents to start asking some serious questions of the Management Committee, and the Accounts would be a good place to start

You sure about that ?

It really does not matter what Srettha says The Tourists themselves will declare Chiang Mai and much of the North a Disaster Zone. And along with that conclusion from them will be a massive decline in Tourism People, no matter where they are from , hate being fed a load of Tosh

Thailand's Household Debt issues did indeed start way before Covid. The occurrence of Covid did not cause a massive spike in borrowing However, the Junta in charge did They openly allowed the Financial Institutions to lend money that had a very high risk of default, This was a policy that enabled the Economy to function without tanking. Covid has long since finished, but the excuse is being used to cover the sheer incompetence of the previous Government. The most scary part of all the Money borrowed is the fact that 80 % of it has been lent with little or no security upon it, unlike many other Countries that have high Household Debt that is secured against the likes of Property

As is integrity and morals

The magical " Navy Lark " from the sixties comes back to real life in the Twenties

The neck brace has come off to allow him to swallow great mouthfuls of prime steak, and the arm support has now moved to his back ! He cannot even remember to put of the smoke and mirrors dressing correctly

What numbers do " high rate " actually entail I have seen figures that some 50 + % of people applying for Home Loans are rejected in the 3M value and less sector. This being the largest sector of the Housing Market, there is trouble ahead Also I seen published that some 250,000 + vehicles were repoed last year and the number is projected to be even worse this year. And lets not forget, all these projections and numbers re bae on then Date of Financial Year End( End Sept ) last year. This Trian Wreck has had another 5 full Months to gather speed , so the Debt to GDP could easily be in excess of 92 % of GDP now, and the repos and NPL could be through the roof. There is also very little or no mention of " Special Mention Loans " - those that are over due by 30 - 90 Days in these reports, and these Loans are also starting to soar

From languishing in a firm place near the bottom of World rankings last week to this head spinning achievement Wow ! Amazing Thailand !

Sure ! Some Travel is need for Business and Investment purposes as well as Diplomatic reasons However Shretta seems to be a glorified Salesman on a mission to sell whatever he possibly can to keep his Country afloat I am sure that other Countries dont need to peddle their wares in this fashion to attract Investment Their track records and commitment to favourable 2 way relationships sell their own Investments

I had Cataract Surgery only 3 weeks ago Anesthetic used was drops which allowed me to return to normal within a matter of just an hour or so, and therefore could return home. Injection Anesthetic takes longer to wear off - hence the possibility of an overnight Hospital stay. I was given some Steroid+ Antibiotic combined drops to use when I left the Hospital, however they did not perform for me and upon my visit one week later, the pressure was over 20 so the drops were changed and after a further 7 days pressure was good

These two words are only used because the English proficiency is so poor they are unable to spell either " Attract " or " Centre "

Fitch, Moody's , S&P and others are starting to see through all the smoke, mirrors and BS that has been pumped out by the propaganda machine over the last few years Early warning signs of a large correction about to take place me thinks

And there have been 5 further Moths since the published Data to today I wonder what is the real number today ?

Thailand has a high number of transient workers that will always follow the Money I have noticed over the last six Months that their appears to be less people seeking employment in my area, as there is just not the work for them now in the Factories as there once was.

In the World that most civilized people now live in, this kind of discrimination is nothing short of a disgrace. Note to self Never Fly Thai Viet Jet Airlines reason - they fail to meet modern ethical practices and standards

The BOT day rate of 2.5% is probably the lowest rate in SE Asia If ethical and responsible lending was applied instead of the current gouging employed by the Lenders there would be no problem. With Household Debt regularly posted at over 16 Trillion Baht, the recently published numbers for current Debt outstanding is " special Mention " and NPl " in the region of 1.3 Trillion That as a percentage is roughly 8.13 % Why are figures of 2,5 % on bad debt seen published Who are the Authorities trying to fool

Untill this kind of thing happens

Firstly, if repayments are 1-3 months late they are classed as " special mention Loans ", not full blown NPL However, a very high percentage of these Loans will transform into NPL Much, if not all of this Debt has to be placed firmly on the Shoulders of the lenders These unscrupulous Lenders have lent money to people in the pursuit of Profits and Greed, knowing full well that there is little hope of ever seeing their Money back, and praying there will be a Government bail out to prevent another To Yam Gung Crisis of 1997 The vast majority of Thai people have very little or no Financial Nounce what-so- ever, and are easy targets Their philosophy upon life is to live for Today only, and many do not change their lifetime habits of drinking and smoking and generally having a good time if they have the Money