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Monomial

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About Monomial

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  1. OK, In this case you are going to need to find out who the Master of Harbour is for the specific lake in question. If it the "government lackey" you refer to, then you are basically without recourse, because it is his job to protect the water, and it is in his discretion on how to do this. If he feels your boat causes an issue for the water and you disagree and you can not come to terms, all you can do is appeal to the Minister of the Interior and plead your case. Certainly, any water cooled engine is almost certainly going to be a big no, because it has the possibility of leaking oil into the water, which is specifically forbidden in the navigation act and is punishable by up to 20,000 baht and a year in jail. While engines like this may be allowed on a river, it will likely not be allowed on a lake. I have never seen any kind of a written document which spells out specifically what is allowed across the entire country. You need to find the Master of Harbour for your lake and convince him your boat will not be an issue. Ultimately, he is the one who approves or disapproves. If you say there are other boats similar to yours already operating on the lake without issue, then perhaps the owners of these boats have made "arrangements". In theory, if you keep your cool and make friends and buy some pastries, you could be allowed to do the same thing.
  2. Thai Bank Accounts & Cryptos?

    Forget Coinbase. Sign up with bx.in.th Works great with K-Bank. Withdrawals and deposits usually take about 15 minutes. As long as you are not American. Nobody wants your business if you are American.
  3. The way you describe this, this is a large lake they dug on a housing estate, usually done so they can use the dirt elsewhere during construction. In this case, the entire lake will be owned with a chanote, and it will be no different from any other common area in the housing estate. The kinds of activities they will and will not allow in any common area will be entirely determined by the housing authority for your estate. You would need to consult the articles of association for your estate's housing authority if you wanted written regulations. There should not be any "government lackey" in this situation, it would be a private lackey, so I am somewhat confused by your question. Perhaps if you can describe the legal structure of your estate, and what associations govern the common areas, we could be more help. It is important to address whether the entire lake is covered by a chanote, or whether the lake was dug and/or created on public land. If it is a private lake, you likely will have no choice but to abide by whatever the housing association says. If they don't want pontoon boats in the common area, then you either convince everyone in your village to petition them to change this policy, or you accept the rules as they are. Not sure if this helps, but if you can be specific about what you are asking then you may get better responses. Please explain specifically what you mean when you say "relatively large lake that is a man made reservoir".
  4. Thanks koo. This is exactly what they wanted. I guess if I had known the correct acronym to use was "SSI" this would have been much easier. Really appreciate it. This could have gone on for a while without your help.
  5. I am trying to deal with a payment service in Singapore, who will be sending repeating USD payments to my Bangkok Bank account in Thailand. They are refusing to do a SWIFT transfer until I provide them with a list of correspondent banks suitable for a transfer to Bangkok Bank. This is their procedure and they won't budge. They told me to get this from my bank, which I dutifully tried. I called 1331, and explained I wanted a list of correspondent banks. I was placed on hold for 30 minutes, and then hung up on. I tried calling again, and this time the representative did not speak English well enough to understand my question. I tried a third time, and all I got was someone who kept trying to tell me about their New York service, but just couldn't understand that I needed a list of every correspondent bank they have, not just their preferred one. I was extremely frustrated and before I became belligerent, I thought I would ask here and see if anyone knows how to accomplish this. Has anyone ever successfully obtained a list of correspondent banks for Bangkok Bank, and do you have any recommendations on how I can go about getting this elusive list? Any help is appreciated.
  6. You can currently get better than 5% on a USD 3 year term deposit at banks like ABA or ANZ in Cambodia. Note that these are not government insured, but the international parent banks are not likely to allow a bankruptcy to occur except in a real crisis. 8% - 10% is also doable for fixed term deposits at microfinance institutions over there, but these are locally owned banks where there is some risk of going belly up. Interest rates are trending down in Cambodia though, so I would not guarantee that you will be able to renew at these rates once the term is over. But for right now it might be worth considering as part of your portfolio.
  7. Gift Tax , USA

    Just out of curiosity, you do know that while US citizens may be required to file a gift tax return, they can gift up to $5.5 million during a lifetime with no taxes due. Have you actually reached your limit already? If not, there is no reason you can not gift the entire amount and simply file a gift tax return. Foreign citizens not living in the USA can gift an unlimited amount and no gift taxes are due in most circumstances. The receiver simply has to file a form notifying the IRS of the gift. Perhaps if you can tell us more about your situation we can give you better advice.
  8. Same day interbank transfers are limited to 100,000 baht. I'm not sure why Krungthai would limit this to 50, but at most banks it is 100k. This is a system limit, and it is not possible for any bank in Thailand to send more than this via standard interbank transfer. If you want to send more than this, it must be done via Bahtnet, which is a batch process that is only run once per day, and will be processed at the receiving bank the following day. The fees for each type of transfer are different, with Bahtnet having a much more expensive starting rate, but being much cheaper for large value transfers.
  9. You need to request a Bahtnet transfer. Their is no limit on the amount that can be sent to other Thai banks via Bahtnet. Every bank has their own requirements for this. http://www.bangkokbank.com/BangkokBank/PersonalBanking/DailyBanking/TransferingFunds/TransferringWithinThailand/HighValueTransfers/Pages/default.aspx Go into your home branch, ask to see the manager and tell him you would like to do a Bahtnet transfer of 2 million THB and see what they tell you.
  10. Start with crypto now - Should or not?

    No, as I said. Individuals on those exchanges do NOT own the coins. They are owned by the exchange, who has liabilities to their individual investors. It is like saying a hedge fund does not own stock because individuals invest in the hedge fund. The 2% claim is completely sound. You are trying to push an ideological argument rather than a factual one.
  11. Start with crypto now - Should or not?

    Who said it was "unfair"? You asked for proof of the 2% claim, and it is everywhere. For some reason, you are balking at basic math. I would love to hear why you don't think over 90% of the coins are allocated to less than 2% of the addresses.
  12. Start with crypto now - Should or not?

    Why? It is clear from the stats that 87.28% of the coins are allocated to 0.55% of the addresses. Some of those are clearly wallets owned by major exchanges. Now those exchanges may have liabilities to individuals, but they own the coins.
  13. Start with crypto now - Should or not?

    What kind of a non sequitor post is that? Who cares how you get it. Bitcoin can be mined, purchased, stolen, etc. If you have a point that makes sense, then say it. I'm quite certain I know significantly more about Bitcoin than you do...
  14. Start with crypto now - Should or not?

    Not hard to figure out. Satoshi's paper was published in 2009. As for Bitcoin distribution, the ledger is public by design, so just look on any site that publishes this information, such as: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html It's pretty interesting to look at some of these Bitcoin accounts and look at how long they have been idle and/or accumulating. There are several in the hundreds of millions of dollars that are just accumulating BTC and have never spent any of it. You have to wonder who these people are, and if there is a bigger strategy. Putting that kind of money at such risk just seems silly.
  15. There is always the standby option, but it will require some effort and a little bit of cash. You will probably want to exhaust any easier options first. 1. Fly to Cambodia. Get an E visa at the airport. 2. Get a 6 month EG visa at the Cambodian MoFA, 3. Find the cheapest place you can in Cambodia that will give you a written lease. You don't need to live there, you just need the lease to open a bank account. 4. Open a Cambodian Bank account at ABA or another bank of your choice that offers THB accounts. 5. Carry 2 million baht at a time in cash out of Thailand and deposit to your account in Cambodia. Make sure to declare it to customs. Repeat step 5 as necessary to move all your money. You may wish to fly with a security guard. 6. Wire the money from Cambodia to a bank of your choice anywhere in the world. You will still need documentation to explain the source and purpose of the money, but you will not be subject to the BOT restrictions on outward remittance if you carry it in cash to Cambodia in amounts less than or equal to 2 million THB at a time.
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