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BANGKOK 23 March 2019 17:25
Leewwb

Questioning Thai Motivation

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What lies behind the Thais? Too much has been written about the ever-changing rules (regulations) for retirement. What is the reasoning?

Thai banks benefit. Permanent (fixed) American accounts become bank assets - improve the ability of the banks to lend money to government and government related companies.

And it well known Thailand is in desperate need of money. A fast train to China is in the works; many other projects. Thailand must afford them.

A recent town-hall meeting by the American Consulate explained an American-Thai agreement that an income letter dated before Jan 1 2018 would be valid for 6 months. Since denied by Thai immigration.

When this was brought up at the recent meeting,  a top American staff denied any ability to assist in dealing with the denial. They will not help. Cannot help. Would prefer not to help. Who cares about a a bunch of Americans living on the cheap in an Asian country? Bigger things are at stake in the billion dollar competition for a firm presence in Asia.

In the conflict between American and China, China would assume the control of Thailand and deny American power in the region. The greatest wealth in Thailand is Chinese. Chinese tourism exists as one-third and is projected to double in 2019, strongly encouraged by the Chinese, strongly encouraged by Thai tourism officials.

What is suggested by this writ is that American retirement is but a small (non-existent) factor is the struggle for control of the region. Much more is at stake.

 

 

  • Haha 2

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Which immigration office did not accept the income affidavit. I have seen no reports of them not being accepted.

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6 hours ago, Leewwb said:

And it well known Thailand is in desperate need of money.

Quite the opposite, Thailand has plenty of money and plenty of foreign cash reserves.

 

Every time the Baht rises they have more money. It's been on the rise for some time now.

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What happens when all those American owners (not to mention all the other non-American farang) of a Thai bank account die with all that money in a Thai bank? Especially those who die without a proper Thai will in place? Ka-ching!

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