Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Sovereign Man (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Thailand: “same same, but different”

% of readers think this story is Fact. Add your two cents.


The King of Thailand died yesterday, and the military junta running the country has declared an entire year of mourning.

I saw a quick headline from The Economist which screamed, “The death of the Thai king throws the country into turmoil.”

Really?

This must be a different country from the one I know.

I’ve been traveling to Thailand 3-4 times per year over the past decade, and we have staff who have been living there for at least that long.

It’s perfectly clear to us what impact a new king is going to have on Thailand: there will be a new face on the currency.

And that’s about it.

It’s true that the late King was widely revered, elevated to god-like status by his people.

But in Thailand, as in most places, “he who has the guns makes the rules.” And that has long been the military.

Over the past 15 years, the powerful elite in both the military and wealthy families who actually control the country have engineered several coups to put their own people in power and ensure their interests wouldn’t be interrupted upon the King’s death.

And given that the Crown Prince and heir apparent has spent most of his life outside of Thailand, it’s unlikely there will be any meaningful change to the status quo.

Lately he has been living in Germany with, at least until last year, his pet poodle FuFu who was promoted to the rank of Air Chief Marshall in the Royal Thai Air Force.

Air Chief Marshall FuFu died last year and was cremated after four days of Buddhist funeral rites.

So something tells me the Thai political system isn’t going to be receiving a much-need enema anytime soon.

The military and powerful elite have spent the past several years preparing for this moment to ensure that everything will be, as Thai people like to say, “same same, but different.”

In other words, nothing more than a different face on the currency.

There has been worry and concern for years that Thailand would plunge into chaos upon the king’s death… or that Thai assets and financial markets would collapse.

Stocks had in fact been sliding for days after the rumors began circulating that the king was gravely ill.

Then, as soon as he passed away, stocks actually started to climb, with the MSCI Thailand Capped ETF surging since the King’s death.

Shares of Thai Airways, for instance, are up 15% this morning.

So it appears that predictions of Thailand’s demise have been somewhat exaggerated.

There always seem to be these experts who predict dire chaos and consequences immediately following some event—just like Brexit, just like Colombians’ rejection of the FARC peace treaty.

It almost never happens that way.

The most severe consequences are seldom triggered by a single event, but rather years… decades of bad decisions and negative trends that build into a giant tidal wave of inevitability.

The same principle applies to the US presidential election next month.

No matter who wins, the world isn’t going to explode.

Nor is it going to be all sunshine and buttercups.

Regardless of which candidate the Electoral College chooses to become the next President of the United States, there is no stopping the inevitability of US default, its $20 trillion debt, or the insolvency of Social Security and Medicare.

Same same, but different.

Simon Black is an international investor, entrepreneur and permanent traveler. His daily letter is both educational and entertaining, and we suggest that those who want unbiased, actionable information about global opportunities sign up for Sovereign Man’s free, actionable newsletter at http://www.SovereignMan.com.

From Simon Black of SovereignMan.com


Source: https://www.sovereignman.com/trends/thailand-same-same-but-different-20328/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.