Your Money In Thailand
Max Kaiser is Superb!! Here he is talking to a Guy called Rose who is in charge of an Organization called “Save Our Savers” this chap will say that taken from the UK Governments own figures the Poor Old UK Saver has lost 30% of their Savings in the last 4 Years!!! As he says the Press and the Public in Britain are so Gullible and Ignorant that we hold our Hands up in Horror at what the Banks have done in Cypress but are blissfully,Stupidly Ignorant to the fact that in just Four Years almost ONE THIRD of our Savings have gone up the Chimney!!!
Your Money In Thailand is rather a frightening look at the way the turmoil in both the European and American Economies is impacting on Westerners Living in Thailand.In spite of pretty inept Government and many other Negatives which should stifle Thailand’s Economy it continues to do well and the Currency is Stable.This robust Economy of course is bad news for Westerners as their Pound, Euro or Dollar buys fewer Thai Baht as time goes on!!
Britishers relying on the State Pension as part of their Income of course do not get the annual increases they would be entitled to if they lived back home.British expats have already had to contend with a noticeable downward drift in the Pound-Baht exchange rate.Sorry but this next bit of Gossip is very likely going to ruin your Day!!
The New Governor of The Bank Of England the Canadian Mark Carney is widely expected to DEVALUE the Pound by up to 15%!! This added to Annual inflation which is far higher than the figure the Government admits too (it is believed that the True Annual Inflation Rate is around 8%!!!) means that expats who are not wealthy will find that Thailand suddenly got expensive!! This taken in conjunction with noticeably higher prices in Thailand means that some expats will quite simply have to pack up and go Home!!
Regular readers will be aware that I am suggesting that those with any spare (unencumbered) Cash should seriously consider investing in Silver.I wrote some more stuff about Silver on a Page which I Published Yesterday it is entitled Why Buy Silver And I urge You to take 5 minutes of your time to read it,and also to spend a little more time listening to the Podcast by David Butler which it links to.
Your Money In Thailand and purchasing Sliver of course will not be of interest to everyone.I have to admit that previously I did not waste much time thinking about these things,but as most people living in Thailand no longer have a Job ergo they no longer have a Monthly Salary it becomes increasingly Vital to guard and hopefully Grow what you do have!!
If Blog Readers should join Bullion Vault I will receive a Commission