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Hockeybik

Member Since 2008-05-23
Offline Last Active 2012-01-06 12:06
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In Topic: Bt5,000 Compensation For Each Flood-Affected Household

2011-11-08 11:43:48

View Postalexakap, on 2011-11-08 10:59:59, said:

View Postgeriatrickid, on 2011-11-08 10:49:50, said:

Just where do you want the government to raise the money? Would you like Thailand  to go on a debt adventure and end up in as bad as shape as the EU or the USA?
These money will curculate within Thailand. Regardless they give - 1 baht or 1K baht, these are just a NUMBERS on electronic accounts. Some numbers will jump from one record to another, and soon (when ppl spend) they will jump back. All of this - within one country.
Don't compare this to US/EU debts (they consume more than they produce, creating inadequate EX/IM) - better learn how modern money/banking works. Supporting LOCAL ppl for LOCAL spending won't make any trouble.

OK, let me see if I understand, as long as you only create internal inflation by "just NUMBERS" (same as printing money) there are no consequences? Do ya think it will have any effect at all on the baht for international exchange?

If these "NUMBERS" you speak of were meaningless economies would just add more "NUMBERS" to their banks whenever they needed them. "Hey Somchai, we're running a little low, add a few zeros to that bottom line, will ya?"

In Topic: Bt5,000 Compensation For Each Flood-Affected Household

2011-11-08 11:17:48

View Postalexakap, on 2011-11-08 10:48:27, said:

View PostHockeybik, on 2011-11-08 10:43:14, said:

How is putting 10 billion baht into the Thai economy a bad thing at this time? How much should it be? 1 trillion? 10 trillion? A trillion, trillion? How much??? And if you name a number, tell us all where it should come from too.
Easy: just pay out (or compensate to me while I can pay them first) all the bills while repairing house/vehicle etc. I will collect them to the separate folder, for easy reviewing.
Me myself not need any extra baht, but to cover these UNPREDICTED losses.

The sum will be the exact amount, different for each house. Got a calculator? :)

Oh, that won't be abused at all. Anyone have Photo Shop and a printer?

In Topic: Bt5,000 Compensation For Each Flood-Affected Household

2011-11-08 10:45:37

View Postgeriatrickid, on 2011-11-08 10:39:51, said:

View PostHockeybik, on 2011-11-08 09:45:32, said:

Anyone care to answer? What do people do with this money, once they get it?

I'm not arguing or discussing whether it's enough or not, just asking - where does the money go?


Into the economy. They will purchase something.

And that just may give a job to someone or help a vendor make her rent, all good things.

In Topic: Bt5,000 Compensation For Each Flood-Affected Household

2011-11-08 10:43:14

How is putting 10 billion baht into the Thai economy a bad thing at this time? How much should it be? 1 trillion? 10 trillion? A trillion, trillion? How much??? And if you name a number, tell us all where it should come from too.

Come on, 5,000 isn't enough? Says who? Us farangs? Sure it isn't enough but 10 billion ain't a bad goose to an economy that will sorely need it and to people who will gladly spend 5,000 on things they need and give business to each other and jobs to each other.

In Topic: Bt5,000 Compensation For Each Flood-Affected Household

2011-11-08 09:45:32

Anyone care to answer? What do people do with this money, once they get it?

I'm not arguing or discussing whether it's enough or not, just asking - where does the money go?

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