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Showtime

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Posts posted by Showtime

  1. 3 hours ago, n8sail said:

    With a 1 in 10,000 chance of catching it by contacting a 'contaminated' surface, I'll take my chances with cash.  The waste of plastics and chemicals for cleaning is astounding, and for what?

     

    Do the research.  Follow the science.  SARS-COV2 is an aerosol transmitted disease.  Give your immune system some exercise for the other pathogens we have to fight off, lay off the stupid alcohol hand sanitizer and cleaning every surface every hour.  Just a waste of resources.

    https://www.cdc.gov/coronavirus/2019-ncov/more/science-and-research/surface-transmission.html

     

    It is called hygiene theater.

     

    • Haha 1
  2. Here is a little known factoid.  China isn't and hasn't been allowing its citizens to renew their passports during the pandemic.  I am sure that will hurt Thai tourism for a long time after Thailand finally opens up.  Who knows, maybe China will never renew passports and this is just another way to control its citizens.  I don't understand why they aren't doing renewals, but I was told it was to keep people from traveling and then potentially returning with COVID.  It seems there is a much better way to accomplish the same thing......no Chinese can fly out.  

    • Like 1
  3. There is so much wrong with this proposal it is unbelievable.

    1.  Who wants to own land if the law can be changed at any second?

    2. Who wants to own land where the government can take it from you at any time.

    3. Who wants to lease land for 70 years and build something on it?  That is just not long enough not to mention #1 and #2 above.  The shorter the term the more risk for the next owner of the building so why would someone buy the building.

  4. 7 hours ago, bimmerbob said:

    Good point.

    With all the increasing uncertainties in Thailand regards residential restrictions, property ownership, the immigration reporting, etc. why on earth would foreigners want to choose Thailand as a permanent home? Go holiday there by all means......

     

     

    Nobody with any brain would by property in Thailand for 10 years.  The only way to go is to invest in the bonds.

  5. 1 minute ago, Albert Zweistein said:

    I am not bitching, only the fact that it,s mandatory makes me get the itch. Besides people who buy them are mainly Thai and mutual funds, investment companies and traders are not retirees. Doesn't say how long you need to hold them ? Knowing Thailand I am sure it will be for the entire period or you might sell them and buy new ones for the total amount. After you took your loss ?

     

    Who said anything about losses.  If a loss was guaranteed nobody would buy either new issues or existing bonds.  Retirees buy bonds and invest in mutual funds.  Holding the bonds for 10 years increases your risk, but doesn't mean you will lose money.  You could keep rolling over short term bonds or buy bonds near maturity and hold them until maturity and then buy new bonds. 

     

    I haven't checked.  You may even be able to short Thai bonds at the same time thus your net position is zero, but of course you don't let the government know that.

     

    There are many countries offering similar arrangements including 1st world countries.  If you don't like the mandatory part don't do it in any country where it is mandatory.  It is as simple as that.

    • Like 1
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  6. 4 hours ago, sqwakvfr said:

    All of my income is foreign and I have lived in CNX for years.  I have never been taxed on my foreign income while I have lived in Thailand. If  I had $250,000 USD in liquid assets at my disposable I would have never come to LOS.  For those who can spare that kind of money "better options are out there?".  However I do know someone who is pretty close to being a millionaire.  He told me his only reason for living in LOS is this:  Women and Girls.  Plentiful and easier to please than the western variety.  

     

    WoW, a whole million.  If you told me that 50 years ago it might have meant something.  Now not so much.

    • Like 1
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  7. This seems like a good hedge in case some crazy stuff happens in a first world country.  The 50+ is so easy to qualify for why not.  Nowhere are there minimum residency requirements, just invest $250,000 in government bonds.  Easy.  Why not.  It doesn't even stipulate how long you need to hold them or where you need to buy them.  I will buy mine on the open market, get the visa and sell them.  Yeah, during that time there is a chance they will lose value or there will be a default, but oh well.

  8. 13 minutes ago, edogthong said:

    We all know those numbers are way off. I personally know of several people who believe they have the virus but are afraid to go and get tested. Instead of going to the hospital, they've decided to self quarantine in their homes. It's a direct result of the disastrous policy of quarantining asymptomatic and mildly sick people. The true numbers are possibly many times greater than the official numbers. On the other hand, you can assume that every Covid death is being reported. The true survival rate must be considerably higher than 99,4%.

     

     

    Do you really want to be the one who doesn't survive?  You have no idea which bucket you are going to be in.  If you are over 60 you have a high risk of death.

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