Four factors – three of them related to President Donald Trump – explain this strange phenomenon: 1. The Federal Reserve Bank Former Fed chief Janet Yellen guided the US economy through the Great Recession, keeping interest rates very low to ensure recovery. But she had been appointed by Barack Obama, so President Donald Trump fired her and picked as his Fed chief Jerome Powell, who started to raise rates. Wall Street is now worried that he will raise rates so far that he sabotages the economy and drives it into a recession. Professional stock traders are simply trying to get ahead of the curve. 2. The trade war with China The ruling Communist Party sorely represses the people of the country, and at the same time refuses to open its markets all the while demanding transfer of high technology secrets by Western firms that want to produce goods there. We do need to support the democratic aspirations of the Chinese people, and we have to stop this trade abuse. Trump, … [Read more...] about What is happening with Wall Street?
While I certainly commend Wichit Chaitrong and The Nation for some excellent reporting, I find it unlikely that the elites will do anything to correct Thailand’s deep and growing inequalities. Credit Suisse is probably correct in reporting that Thailand is the most inequitable country in the world in terms of wealth. Recent years have not been very good for Thailand at all. The numbers are simple and undeniable (at least to us common folks). In the past five years, Thailand’s wealth inequality has soared to a point where roughly 1 per cent of the population allegedly owns 66.9 per cent of the wealth. The number of convictions obtained under a weaponised criminal defamation law have also soared against both whistleblowers and members of the media. And then there’s the perennial problem of educational inequality throughout the entire Kingdom. Meanwhile, Thailand’s economy has only grown by a paltry 4 per cent on average in recent years and reports indicate that … [Read more...] about Junta rule plus extreme inequality are ingredients for revolution
Children are born with a sex, not a “sense of gender” as asserted by A Bangkok Atheist. That follows later, and can be perverted by society in general and LGBT indoctrinators in particular, hence the burgeoning psychological epidemic of “gender dysphoria” among Western children. My views reflect those of paediatric opinion and recent psychological research, which I set out in my letter of November 16. Much as I enjoy Mr Atheist’s pithy statements on this page, I trust his cynicism of religious matters does not extend to the sciences. Nigel Pike Phang Nga … [Read more...] about Children, gender dysphoria, and what science has to say
For enlightenment on this matter the good professor only needs to read the Gospel of Mark, which was possibly the first gospel written, or the Acts of the Apostles, which were the first New Testament books written. Then he would properly understand the situation, which indicates in fact that there is a complete lack of evidence of any “crime”, so God gets off scot-free, so to speak. Those Presbyterians north of the border were never that keen on Christmas anyway; only in recent years has Christmas Day been a holiday in Scotland. In any event, Yuletide is something of a pagan festival – so put on your Santa hat and get out the mistletoe. Ian Martin … [Read more...] about Deity not guilty, says Bible
There are many aspects to the coming illegitimacy, but the gravest, most long-lasting is the destruction of the credibility of Thailand’s institutions. Think about it: the junta/military/Prayut have invested so much effort in tearing down all the various public institutions that there aren’t really any left which are trusted. Legislators? Nope. The NACC? Don’t be ridiculous. The Public Auditing Bureau (or whatever it is called)? Nope. The Police? Good one! The various government ministries? Can anyone say rampant corruption ended in the education system? University boards? Nope. Etc, etc, etc. When things go wrong, as they ALWAYS do for a government, where are people going to turn? Anyone? Anyone? Seriously, anyone? It will take a few more years to truly see the terrible damage wrought by Prayut and his minions; poor, beloved Thailand is in for a much more severe shock to its system. Sad, sad times in the Kingdom. Samui Bodoh (Nation/ThaiVisa) … [Read more...] about Damage done by junta will last far into future