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Showing posts from May, 2023

Looking back at Thailand's economic crisis in 1997

  The year 1997 marked the Asian financial crisis, the focal point of which was the 1997 Thailand crisis. The context of Thailand and Vietnam now has many similarities. Tipeas will present the Thai crisis so that we can have a broader perspective and draw lessons for ourselves. Origin of Thailand's economic development. Before floating about the crisis, let's take a look at Thailand's economy before the crisis. The pre-crisis period from 1960 to 1990 was Thailand's golden growth period. Thai economy at that time was hailed by the media as Asia's new tiger. Before the crisis, no one doubted the growth rate of the Thai economy. This is true before any crisis. Thailand's economic boom is mainly due to the war of the US and its allies in Vietnam. Indeed, the capital that the US has invested in facilities, military systems and bases serving the Vietnam war, has become a direct impetus for Thailand to develop industrial production and tourism. (including legal prost...

Three principles to protect money in the account.

Nowadays, when everyone uses a bank account. Online transactions and card payments take place anywhere. One morning when you wake up, you receive a notice that your account has been completely deducted. Which you do not make those transactions at all. Contacted the bank and they said all transactions were valid. How do you keep yourself from falling into that situation? Here are some very simple principles that can help you. Rule number one: minimize risk. You should use at least two accounts of two different banks, with two different phone numbers. An account is only used to store money. Do not make any online transactions, swipe cards, swipe cards, link e-wallets. This account is definitely not public, even the phone number registered with this account needs to be kept private. The second account is only used for online transactions, swiping cards, etc. In this account, only the minimum balance is maintained, not exceeding 10% of the amount you have. Just use it up, move i...

Money is debt and banking is a joke

  "The problem with fiat money is that it rewards the minority who can handle the money, but misleads the generation that has worked and saved money." - Adam Smith, the first economist. The father of capitalism. Have you ever wondered: How more money is printed? I wondered the same thing when I was sitting in the lecture hall.People like to print as much as they want.  Or how money became valuable when it was invented.  It also circulates through different countries. Until I found the book: James Rickards' Currency Wars, a true science book. Don't confuse it with Song Hong Bing's "Currency War". From this book, recently, tiktok and facebook emerged many financial experts with conspiracy theories about jewish oligarchs. In fact, it is no different from a fictional story with subjective imposition, disguised as a research work. James Rickards is an economist who designs economic war scenarios and tests them for the US Department of Defense and the Pen...

Why will the US remain the number one power?

 ‘ Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to society… He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention ’  - Adam Smith, founder of capitalism. America has always been and will always follow this ideology radically. Ambition is facilitated by freedom. And that propels America to the top. Review the history of countries. Is there any country that is not ambitious. But America has always been the most ambitious country. Leading in professions and fields, world hegemony in military and economy. But which country has both great ambition and the government creates the maximum...