Digital Currency I’ve been curious as to what the next change in central banking will be..we’ve had the gold standard, the removal of the gold standard leading to the fiat system being more prominent and thereby to the US dollar effectively becoming the world’s currency, the establishment of the IMF etc etc so what’s next? Sweden […]
Read More →With the (military) government rapidly selling the inventory that the Yingluck government had stored because of falling rice prices, international research agencies expect for Thailand to resume its position as the #1 rice exporter globally by next year. Top global rice exporters (in thousand metric tons) 2013/14 2014/15 Thailand 9,000 10,041 India 10,000 8,388 Vietnam […]
Read More →Rice prices have declined over 20% in 9 months because: Thailand has 12.8 million tonnes of rice in stock – a 1/3 of the total global export market In 2011 Thailand had only stockpiled 5.8 million tonnes Rice is a perishable good (something the government may have forgotten) and can’t just sit in a warehouse […]
Read More →Now I prefer not to jump on the bandwagon about Thailand’s rotten rice scheme thus far, agricultural subsidising is a common practise throughout Europe and the US and its become a noisy issue in Thailand because of Thailand’s loss of its number 1 exporter status, Moody’s calling it an issue (do people still listen to […]
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