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12DrinkMore

Member Since 2008-01-22
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In Topic: Stick With Sterling Or Change To Baht?

Today, 13:18

topt, on Today, 12:39 , said:

Thailand, on Yesterday, 17:21 , said:

You could of course open a sterling account here and have the pension money paid in to it and it would also allow you to still do your various sterling transactions and you don't have to maintain 5000 sterling.

I do this with both sterling and US$ accounts with BB.

I agree with a diversification of currencies but mainly sterling US$ and Thai Baht (limited) and perhaps a side bet on the Yuan.

Hi Thailand, I presume BB is Bangkok Bank? Do they let you keep less than 5k in a Foreign Currency account then as when I had one with SCB for a short period that was one of the constraints? Also would you not get hit with transaction costs if you were paying any UK bills or does it go through the London branch at zero cost?

I am also curious if you can share how you are making a side bet on the Yuan as it is not easily tradeable.

Do your homework.

http://www.bangkokba...-Residents.aspx

Quote

Also would you not get hit with transaction costs if you were paying any UK bills or does it go through the London branch at zero cost?

Zero cost through the banks??? Posted Image

Quote

I am also curious if you can share how you are making a side bet on the Yuan as it is not easily tradeable.

http://www.bangkokba...es/fcdyuan.aspx

In Topic: Stick With Sterling Or Change To Baht?

Yesterday, 21:53

richardjm65, on Yesterday, 19:44 , said:

Understand that I am one of those financial retards who really needs honesty. I come from a time when I believed that banks and politicians were trustworthy. Now I begin to understand the necessity for advanced knowledge, healthy scepticism......and cunning.

Yep, been there.

Now I know for certain that the bankers, politicians and financial advisors all have something in common. They are in the game for themselves.

You have to do what gives you peace of mind, well, as close as you can get.

I moved enough money to Thailand to cover my expenses for the next 6 to 10 years (yep, it's that vague). You can get up to around 3.4% tax free interest on it (you have to claim back the tax, but that is easy). I am very happy with that decision.

I have not bought any property. I am very happy with this decision too. I have been tempted, but no, stay out of it and just rent. My reason are that it is very easy to spend the money, but very difficult to sell and get your cash back, and secondly I do not want to feel that I am now "here to die". I have to move around every few years.

I moved out of GBP as I do not like/trust the politicians and the UK bankers.

In Topic: Thai Economic Crash

2012-05-27 22:08:56

Naam, on 2012-05-27 17:37:35, said:

reviving this thread is meant as a deterrent because the first new shoots of "Thailand and Thai Baht are bound to go down the drain" have been detected.

Didn't realise you had such a sense of humour.....

In Topic: Financial Crisis

2012-05-27 21:51:42

meand, on 2012-05-27 18:13:39, said:

cclub75, on 2009-01-25 22:16:01, said:

12DrinkMore, on 2009-01-25 22:05:37, said:

If I now feel this way, then, once the immensity of what is about to hit the UK in particular, including all the 1,000,000 ex pat pensioners and their families, where will it lead to? The Icelandic government is besieged, in Greece there have been riots. The Brits can take a lot, but once they get riled then the fighting becomes very bitter.

Do you really think that the people have kept their sense, and ability to revolt ? Good for you, it leaves some hope. As for myself, I don't.

General De Gaulle was right. Speaking about the french people he says : "The french are... veals". I know, not very nice, but so true.

People are passive, with a liquefied brain.

Panem et circenses.

Why they made a revolution in 1789 ? Because no bread... But today ? Even with a very deep crisis, they will keep their pint of beer, some KFC or McDonald, and some TV show or football matches... Largely enough to keep them quiet.

I totally agree. Modern day "slavery" (ie debt) is too numbing, and gives people the illusion that one day it will all be ok, if they just keep working hard. It is almost worse than actual slavery in a way -- at least when there were slaves there was something to inspire a revolution. What would the average joe rather do, turn on his credit bought 42 inch plasma and watch kim kardashian's ass bounce around with a coors light in his hand, or start a revolution. The answer to that is evident, and will be for quite some time.

Blimey, that's a blast from the past. When did I post that? 25 January 2009. This HAS been going on a long time.

The "numbing debt" feeling and "what can I do?", coupled with the "heads down and grind off the nose" works OK as long as you can still put food on the table, a coors in the hand and turn on the 42"er.

The Greeks are finding that they can't.

The Icelanders in fact seem to have emerged from their mess OK. They killed the banks and started again.

But I've more or less resigned myself to accepting that as long as the UK peeps have TV's , football, reality dross, and can afford to get pissed out of their brains every night, there will be no revolution.

Yep, you're right.

But Kim Kardashian?

http://www.emirates2...-05-27-1.460072

Her arse is far too big for my tastes....

But there again, most of the UK women I get to see have humongous arses and a similar attitude.