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Topdoc
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On 4/14/2020 at 11:35 AM, JimmyTheMook said:Idiots who store gold will learn the hard fact nobody wants to buy it back for cash when the prices are sky high in a pandemic - throws the whole 'the sky is falling theory out the window' and hold gold in place of cash.
Gold has the slowest declining marginal utility of ALL goods, products, commodities etc etc in the entire world. Mathematically, this makes it the easiest 'thing' to sell in the entire world.
There will always be a market bidding for gold but the time will come when there are fewer and fewer sellers until all offers to sell gold will be withdrawn in the same way that no-one can buy gold with zimbabwean dollars today. However, it's not a time to look forward to....
All we are seeing here in Thailand is that people are selling some gold to survive. They are very lucky to have saved in gold all these years because it would be much more difficult to sell their 2nd hand car or most other items right now! With gold, there's always a bid!
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Slash room rates, legalise puff, be extremely welcoming to all tourists and foreigners and try and get the amazing Thailand, that people loved so much all those years ago, back again.
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Do they really think a Baht 5,000 handout to a small number of 'those that qualify' is going to fix this problem? Even if they gave Baht 5,000 to every man, woman and child, it still wouldn't make up for the loss of income so far................. and the problem is still ongoing.
And because of this already massive and ongoing loss of income, people will not be able to cover their costs and a massive wave of defaults is therefore just around the corner which will paralyse the banks.
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We cannot wait for the rainy season to arrive in the North of Thailand...... to give our respiratory organs a bit of fresh air for a change.
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When you enter data in the form, a blue line appears around the form field and, after entering the information, you need to click elsewhere on the page for the blue line to disappear. If you press the final submit button with any remaining blue line around any form field it doesn't work and you have to start all over again.
https://applied20.xn--12cl1ck0bl6hdu9iyb9bp.com/urgent-web/#/
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2 hours ago, webfact said:Thailand has strict computer crime laws and people online should be especially careful about the veracity of their posts
........and extremely lax laws when it comes to hyper-polluted-PM2.5-air in the north of the country which affects the health of millions of people!
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29 minutes ago, saengd said:
because they are considered safe
But you have to ask the question, what if the Central Bank cannot address the liquidity problem in the bond market?
Then those bonds will not be as safe as they were initially assumed to be!
So perhaps the initial assumption was wrong. How can you deem an asset "safe" based on an assumption?
My decades of experience in this area indicate that bonds should actually be placed in the 'liabilities' column on the balance sheet and not in the 'assets' column.
Because the ability of government to re-pay the bonds is dependent on the economic situation AND furthermore, as the interest rates collapse the NPV of debt rises exponentially as shown with the sky high bond prices.
If government want to reduce their debt and lower their bond liabilities, they must buy the bond back at face value today, which is something they simply cannot afford to do!
The whole thing stinks like massive accounting fraud!
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Global debt is currently around $250 trillion and global bank capital is currently only about $10 trillion.If the coming defaults, caused by the virus reaction, trigger a mere 4% loss in total debt, it will exceed the entirety of global bank capital.Liquidity problem?
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With the severe drought in Thailand and rivers literally running dry, I thought we were told not to wash so frequently to save water. Is it the policy to be consistently inconsistent?
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The 'national emblem' of Belgium:
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If only the bankers hadn't been soooooo greedy, we would still all be using virus and bacteria free silver coins
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A quick back-of-the-envelope calculation shows that up to approximately 50 people from this group of 507,000 will have entered Thailand with the virus
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The land of snoop dogs
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4 hours ago, lust said:
And the moral of the article is?
.......get your magnesium and potassium levels up
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Rents need to be cut also but I wonder how many landlords will be smart enough to avoid the tsunami of empty buildings
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What do you expect? It's air pollutants, especially PM2.5, PM10, CO and SO2, that can increase the risk of influenza-like-illness (IlI).
https://bmcpublichealth.biomedcentral.com/articles/10.1186/s12889-019-7607-2
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Dear K. Anutin,
Have you seen this?
None of them are wearing face masks?
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Don't worry, their alignment with the totalitarians in China is looking more foolish with every passing day. BIG revolution coming!!
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Absolutely classic Thai mentality, get the tourism numbers up today without the slightest regard about tomorrow.
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42 minutes ago, canthai55 said:And what - pray tell - is your solution for the air pollution which comes into Thailand from other countries ?
I think you will find the problem is on this side of the border too.
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4 hours ago, thaibeachlovers said:What puzzles me is if this is such a fatal disease, why so few deaths outside China? Far as I know, none on that cruise ship with loads of infections.
Very strange IMO.
The Chinese medical services are totally overwhelmed making it impossible to provide careful patient care. The virus cases overseas are all receiving round-the-clock extra special and intense medical attention. That's why!
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Given the hostility towards the cruise ship 'Westerdam', do you really expect people are going to want to sit in an enclosed aeroplane for many hours?
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I don't think people are panicking, they are just being extra careful until the situation becomes clearer.
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Coronavirus: China-Thailand social media war escalates
in Thailand News
Posted
Me too. This virus was most likely developed in a lab just down the road from the wet market.
https://www.scientificamerican.com/article/how-chinas-bat-woman-hunted-down-viruses-from-sars-to-the-new-coronavirus1/