Thanong

Thanong Khanthong
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Friday , October 30 , 2009

Rakesh is back

Posted by Thanong , Reader : 387 , 07:24:29

From the Vancouver Sun (Oct 29, 2009), Rakesh Saxena is now on his way to Bangkok. He lost his appeal against the longest extradition case in Canadian history.VANCOUVER — After more than 13 years fighting extradition while holed up in Vancouver, financial fugitive Rakesh Saxena is finally on his way back to Bangkok.The Supreme Court of Canada on Thursday cleared the runway for Saxena to be returned t....

From the Vancouver Sun (Oct 29, 2009), Rakesh Saxena is now on his way to Bangkok. He lost his appeal against the longest extradition case in Canadian history.VANCOUVER — After more than 13 years fighting extradition while holed up in Vancouver, financial fugitive Rakesh Saxena is finally on his way back to Bangkok.The Supreme Court of Canada on Thursday cleared the runway for Saxena to be returned t....

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Thursday , October 22 , 2009

20 reasons US has lost its soul, collapse inevitable

Posted by Thanong , Reader : 479 , 07:47:21

October 22, 2009Since last year, I have been warning about the impending collapse of capitalism as we know it. The main reason of the collapse, as a growig number of people believe, is uncontrolled greed. Yet in Buddhist term, any civilisation is bound under three marks of existence -- impermanence, suffering and non-self.Let's take a look at Three Marks of Existence from Wikipedia.Impermanence is on....

October 22, 2009Since last year, I have been warning about the impending collapse of capitalism as we know it. The main reason of the collapse, as a growig number of people believe, is uncontrolled greed. Yet in Buddhist term, any civilisation is bound under three marks of existence -- impermanence, suffering and non-self.Let's take a look at Three Marks of Existence from Wikipedia.Impermanence is on....

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Tuesday , October 20 , 2009

Thais have no culture, no painting and only a very odd kind of music

Posted by Thanong , Reader : 333 , 17:24:48

British envoys' undiplomatic parting shots revealedLONDON, Oct 20, 2009 (AFP) - Thais have no culture and are all driven by sex; Africans are self-destructive, and Nicaraguans are dishonest, violent and alcoholic -- and that's according to professional diplomats.The undiplomatic parting shots of British ambassadors over the years, in final dispatches to the Foreign and Commonwealth Office (FCO) in Lo....

British envoys' undiplomatic parting shots revealedLONDON, Oct 20, 2009 (AFP) - Thais have no culture and are all driven by sex; Africans are self-destructive, and Nicaraguans are dishonest, violent and alcoholic -- and that's according to professional diplomats.The undiplomatic parting shots of British ambassadors over the years, in final dispatches to the Foreign and Commonwealth Office (FCO) in Lo....

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Friday , October 16 , 2009

Barter transactions could replace fiat currencies

Posted by Thanong , Reader : 456 , 13:21:41

By Thanong KhanthongThe NationPublished on October 16, 2009Hedge funds and other investors are now investing in physical commodities rather than futures. They are apparently concerned about the sustainability of financial assets, including the health of the US dollar. They would like to get into something tangible rather than holding intangible paper assets. Recent events at the G-20 meeting in Pitts....

By Thanong KhanthongThe NationPublished on October 16, 2009Hedge funds and other investors are now investing in physical commodities rather than futures. They are apparently concerned about the sustainability of financial assets, including the health of the US dollar. They would like to get into something tangible rather than holding intangible paper assets. Recent events at the G-20 meeting in Pitts....

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Russia and China are ready to dump US dollars

Posted by Thanong , Reader : 541 , 09:16:28

BEIJING, October 14 (RIA Novosti) - Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis."Yesterday, energy companies, in particular Gazp....

BEIJING, October 14 (RIA Novosti) - Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis."Yesterday, energy companies, in particular Gazp....

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Friday , October 9 , 2009

The IMF cannot pull us out of this crisis

Posted by Thanong , Reader : 468 , 07:37:57

October 9, 2009The IMF cannot pull us out of this crisisBy Thanong KhanthongINTERNATIONAL Monetary Fund Managing Director Dominique Strauss-Kahn made it clear in Istanbul that the IMF will transform into a kind of global central bank with a war chest of at least US$1 trillion. This amount, he added, would go to loans to developing nations facing a financial crisis. Strauss-Kahn did not say whether or....

October 9, 2009The IMF cannot pull us out of this crisisBy Thanong KhanthongINTERNATIONAL Monetary Fund Managing Director Dominique Strauss-Kahn made it clear in Istanbul that the IMF will transform into a kind of global central bank with a war chest of at least US$1 trillion. This amount, he added, would go to loans to developing nations facing a financial crisis. Strauss-Kahn did not say whether or....

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Thursday , October 8 , 2009

Gold, Gold, Gold

Posted by Thanong , Reader : 513 , 07:59:40

Gold hits historic highNation/BloombergOctober 8, 2009Gold climbed to a record US$1,048 (Bt35,100) per ounce yesterday as the US dollar weakened and higher commodity prices spurred demand for precious metals as a hedge against inflation.The Dollar Index fell for a fourth day, while crude-oil futures advanced to more than $70 a barrel for a third day. When gold passed $1,000 in February, sales of scra....

Gold hits historic highNation/BloombergOctober 8, 2009Gold climbed to a record US$1,048 (Bt35,100) per ounce yesterday as the US dollar weakened and higher commodity prices spurred demand for precious metals as a hedge against inflation.The Dollar Index fell for a fourth day, while crude-oil futures advanced to more than $70 a barrel for a third day. When gold passed $1,000 in February, sales of scra....

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Wednesday , October 7 , 2009

How Safe is Our $ Reserves?

Posted by Thanong , Reader : 586 , 14:00:52

October 7, 2009Deputy Prime Minister Korbsak Sabhavasu has expressed grave concern over a lack of balance in the monetary-policy management of the Bank of Thailand.He said the BOT had encouraged a free flow of capital into the country while failing to allow capital to flow out in an equally free manner."This practice has brought about an imbalance of the BOT's monetary-policy management. That's ....

October 7, 2009Deputy Prime Minister Korbsak Sabhavasu has expressed grave concern over a lack of balance in the monetary-policy management of the Bank of Thailand.He said the BOT had encouraged a free flow of capital into the country while failing to allow capital to flow out in an equally free manner."This practice has brought about an imbalance of the BOT's monetary-policy management. That's ....

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Friday , October 2 , 2009

Curbing industrial growth can work for Thailand

Posted by Thanong , Reader : 1089 , 11:52:33

October 2, 2009 On Wednesday, the Cabinet ministers discussed a plan for industrial development in the South before deciding to take a whole new look at it - because the Eastern Seaboard has been running into legal complications. On Tuesday, the Central Administrative Court ordered 76 industrial projects at the nation's largest industrial estate to suspend operations temporarily, pending an investiga....

October 2, 2009 On Wednesday, the Cabinet ministers discussed a plan for industrial development in the South before deciding to take a whole new look at it - because the Eastern Seaboard has been running into legal complications. On Tuesday, the Central Administrative Court ordered 76 industrial projects at the nation's largest industrial estate to suspend operations temporarily, pending an investiga....

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