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All Hell Breaking Loose In Thailand, Stock Exchange On Fire
The Business Insider ^ | 5-19-2010 | Vincent Fernando, CFA

Posted on 05/19/2010 5:29:17 AM PDT by blam

All Hell Breaking Loose In Thailand, Stock Exchange On Fire

Vincent Fernando, CFA
May. 19, 2010, 5:01 AM

Via Twitpic

Developing... my twitter has a play by play of today's events so far @vincefernando

---

All hell is breaking loose in Thailand now. The army moved to clear protesters out of their main Ratchprasong encampment this morning, moving slowly inwards towards the main protest stage while encountering sporadic resistance in the outer area of the protest site. There were some limited casualties, including foreign journalists, though we'll wait for official confirmation of the exact counts.

Via Twitpic

Yet even after the key Thai protest leaders surrendered themselves to police and told their followers that the protest was over, riots spontaneously broke out across Bangkok and in upcountry provinces.

There are now multiple locations in Bangkok where protesters are angry and burning tires, burning buildings, and clashing with security forces. Even upcountry, Thai television has shown mobs of protesters storming some town halls and lighting them on fire. Symbols of the Thai establishment appear to have been targeted. For example, protesters immediately tried to burn down the luxury Central World shopping mall next to their main protest stage. One Thai TV station, Channel 3, is also reportedly besieged by people.

One odd occurrence in our view has involved the Thai stock exchange. It actually ended in the green today, despite Asia being generally down. Apparently investors under-estimated the implications of the army crackdown today. It's not as easy as forcing a few people into submission. Well it's been now made pretty clear, especially because the stock market building itself is now on fire:

Via Twitpic

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: fires; riots; thailand

1 posted on 05/19/2010 5:29:18 AM PDT by blam
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To: blam

apparently some Thais are not “keeping a cool heart”

who benefits from this violence? Financially and politically?


2 posted on 05/19/2010 5:31:19 AM PDT by silverleaf
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To: blam
One night in Bangkok makes a hard man humble.
3 posted on 05/19/2010 5:34:08 AM PDT by Dayman (My 1919a4 is named Charlotte. When I light her up she has the voice of an angel.)
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To: blam

Hope there are SOME adults on Wall St looking at this circumspectly...


4 posted on 05/19/2010 5:34:56 AM PDT by mo
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To: Blue Jays
Anyone posting that silly "Thailand?" commentary after this note is identifying themselves as an utter nitwit.
5 posted on 05/19/2010 5:36:32 AM PDT by Blue Jays (Rock Hard, Ride Free)
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To: blam

“Thailand’s army stormed the Red Shirt anti-government protest camp in Bangkok Wednesday, and the movement’s leaders were arrested. But enraged demonstrators fanned across the city setting fires…”

According to AP it’s winding down now


6 posted on 05/19/2010 5:37:30 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: Blue Jays

I was one of the originators of the legendary “Thailand” comments. I think I was number two or Three inside of 5 seconds. LOL


7 posted on 05/19/2010 5:38:21 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: blam
Curious how this unrest might (or might not) spread to the Chiang-Mai and Chiang-Rai regions.
They will probably work very hard to keep Phuket peaceful since loss of tourism income would be brutal for that country.
8 posted on 05/19/2010 5:39:00 AM PDT by Blue Jays (Rock Hard, Ride Free)
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To: blam

“Thai protest leaders surrendered themselves to police and told their followers that the protest was over”

Last update I heard was that.... I thought things were under control and winding down—sorry to hear that’s not the case.


9 posted on 05/19/2010 5:39:35 AM PDT by Nickname (2012 - Yes You're Canned!)
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To: silverleaf

I’m not sure if its Thailand but I do know that George Soros is wanted in one of the nations in that region. They want to try him on charges of being an economic terrorist.


10 posted on 05/19/2010 5:39:49 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: blam; TigerLikesRooster

bttt


11 posted on 05/19/2010 5:40:22 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: cripplecreek

Indonesia or Malaysia.............


12 posted on 05/19/2010 5:43:12 AM PDT by Red Badger (When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
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To: cripplecreek
Yes, agree it was very funny long ago when you originated it. LOL.
Definitely keeping fingers crossed innocents aren't injured or killed.
13 posted on 05/19/2010 5:43:24 AM PDT by Blue Jays (Rock Hard, Ride Free)
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To: cripplecreek

What was the “Thailand” comment, I forgot? Maybe you should re post.


14 posted on 05/19/2010 5:44:11 AM PDT by Ditter
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To: cripplecreek

Thailand?.............


15 posted on 05/19/2010 5:44:20 AM PDT by Red Badger (When you see Jerusalem being surrounded by armies, you'll know that its desolation is NEAR. Luke 21)
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To: blam

“foreign journalists” = marxist advisors


16 posted on 05/19/2010 5:44:50 AM PDT by SpaceBar
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To: Ditter

The guy who claimed to have murdered JonBenet Ramsey was captured in Thailand.


17 posted on 05/19/2010 5:45:52 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: SpaceBar

Are the Red Shirts Commies?


18 posted on 05/19/2010 5:46:48 AM PDT by screaminsunshine (S)
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To: SpaceBar

Are the Red Shirts Commies?


19 posted on 05/19/2010 5:46:49 AM PDT by screaminsunshine (S)
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To: alieno nomine; angkor; Brian Allen; bsariwat; Central Scrutiniser; Fielding; Flash Bazbeaux; ...

Thai Ping


20 posted on 05/19/2010 5:49:27 AM PDT by ASA Vet (Natural-born citizens, are those born in the country, of parents who are citizens. De Vattel)
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To: Ditter

Ahh here it is.

http://www.freerepublic.com/focus/f-chat/1684872/posts


21 posted on 05/19/2010 5:49:47 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: ASA Vet
Shocking Pictures Of The Last Six Hours In Bangkok
22 posted on 05/19/2010 5:51:39 AM PDT by blam
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To: cripplecreek

Oh yes I remember that jerk. I thought it was going to be like Hillary being originally from Thighland. LOL!


23 posted on 05/19/2010 5:52:10 AM PDT by Ditter
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To: blam

Thanks Bill, As you know, I have some interest in Thailand, having lived there for over three years, and having had 2 1/2 Thai wives.


24 posted on 05/19/2010 5:56:38 AM PDT by ASA Vet (Natural-born citizens, are those born in the country, of parents who are citizens. De Vattel)
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To: screaminsunshine

The Red Shirts are ‘on the side of the poor’ and their policies certainly include socialist redistribution of wealth.

Thailand seems to be pretty much where Argentina was in the 1920s. Will the Red Shirts end up crushing Thailand’s middle class and repeating the interminable cycle of crushing poverty and socialist despair?


25 posted on 05/19/2010 5:56:44 AM PDT by agere_contra
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To: screaminsunshine
Are the Red Shirts Commies?

No, just easy targets.

26 posted on 05/19/2010 5:59:48 AM PDT by usmcobra (Your chances of dying in bed are reduced by getting out of it, but most people still die in bed)
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To: ASA Vet
2 1/2 wives?
(Please pardon my curiosity.)
:)
27 posted on 05/19/2010 6:00:18 AM PDT by MaryFromMichigan
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To: blam

I have seen very little about the events over there on the MSM. A friend on Facebook told me about it.

It’s getting ugly.


28 posted on 05/19/2010 6:00:53 AM PDT by netmilsmom (I am inyenzi on the Religion Forum)
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To: blam

Sad really sad.


29 posted on 05/19/2010 6:01:54 AM PDT by MsLady (If you died tonight, where would you go? Salvation, don't leave earth without it!)
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To: blam
Michael Yon is covering it on his Facebook page from the heart of the storm.
30 posted on 05/19/2010 6:07:34 AM PDT by PA Engineer (Liberate America from the occupation media.)
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To: MaryFromMichigan

Married two, engaged to third. Caught #3 in a lie so cancelled.


31 posted on 05/19/2010 6:07:48 AM PDT by ASA Vet (Natural-born citizens, are those born in the country, of parents who are citizens. De Vattel)
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To: ASA Vet

That’s tough.
Regards.


32 posted on 05/19/2010 6:13:14 AM PDT by MaryFromMichigan
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To: MaryFromMichigan

Actually it was a good thing. Found out prior to spending big bucks getting her here.


33 posted on 05/19/2010 6:14:30 AM PDT by ASA Vet (Natural-born citizens, are those born in the country, of parents who are citizens. De Vattel)
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To: blam

How long before we see banks on fire in the Western world? Probably not too long now.


34 posted on 05/19/2010 6:15:20 AM PDT by thecabal (Destroy Progressivism)
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To: blam

I’ll bet the folks on Koh Samui are as laid back as ever, and the beach is just as nice as ever....


35 posted on 05/19/2010 6:28:35 AM PDT by PGR88
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To: silverleaf

Young people, and people who love violence don’t care who benefits from violence. They just love mayhem.


36 posted on 05/19/2010 6:32:52 AM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: Blue Jays

Do these things come in groups of three? Greece, Thailand...


37 posted on 05/19/2010 6:34:30 AM PDT by GOPJ (Americans..speak of capitalism's glories(rather)than of socialism's greatness. Elena Kagan (thesis))
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To: Blue Jays
Anyone posting that silly "Thailand?" commentary after this note is identifying themselves as an utter nitwit.

I am confident that I am far from alone in opening this thread just to see that comment.

38 posted on 05/19/2010 6:36:22 AM PDT by r9etb
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To: r9etb

Gotta admit...


39 posted on 05/19/2010 6:40:38 AM PDT by MaryFromMichigan
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To: blam

“Protesters” dang, that is what the Confederate Army during the Civil War was, “protesters”.


40 posted on 05/19/2010 6:45:24 AM PDT by GeronL (Political Correctness Kills)
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To: silverleaf

A couple of very wealthy people are in charge on both sides.


41 posted on 05/19/2010 6:46:00 AM PDT by GeronL (Political Correctness Kills)
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To: SpaceBar

All I can think about is all those child prostitutes with no income for weeks, so sad.

//sarcasm


42 posted on 05/19/2010 6:48:00 AM PDT by GeronL (Political Correctness Kills)
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To: blam
Dang, double dang, and triple dang. Are flights still being routed through Bangkok?

(Mrs. Altair is scheduled for a brief stopover there on Friday). Sigh.

43 posted on 05/19/2010 6:48:12 AM PDT by altair (Violence is the last refuge of the incompetent - Salvor Hardin)
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To: blam

So the Thai people have more guts than most Americans.


44 posted on 05/19/2010 7:30:25 AM PDT by Tempest (I believe in the sanctity of life... As long as you can afford it.)
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To: screaminsunshine

Are the Red Shirts Commies?

How to you tell a Commie?

If you tell a Commie by a belief in Marxist ideology, a belief that all property should be commonly owned, that the historic march of man passes through feudalism, capitalism, late capitalism, on to socialism, then communism, and the withering away of the state, and all that other “theory”, no, they are not communists.

Thais like to follow a strong leader (puu yai - sometimes translated as VIP, sometimes translated as “big shot”) who will give them things. Thaksin promised to do that for the rural poor, and to some extent he delivered. The entire country runs on patronage — think of the Chicago but with 60 million people.

I’ve seen this time and time again. You catch someone doing something illegal, try to take criminal or civil action against him, and next thing you know you get a call from a Senator, who says he’s the guy’s sister’s aunt’s father, and why are you picking on the guy? So you size the Senator up (I had to rely on my Thai colleagues for this) figure out who he knows, where HIS support comes from, whether you have any friends in common, and if so, who is the senior person in the relationship, and whether you have any friends who are stronger than him, or could “break his rice bowl”, and go from there. It becomes a question of who has the bigger puu yai.

If you can approach the Senator through a mutual friend, you can probably work something out where you get a deal you can live with, no one admits wrongdoing, and everyone saves face.

If you have to resort to muscling the Senator, then you have to do it in a way that makes it look, on the surface, like it was all real friendly-like, just a big misunderstanding, and now everyone sees reason. You can get an idea how this works by watching any good Mafia movie.

This works reasonably well so long as everyone understands the game. However, as happened once, the guy you are after is a member of the Royal Family, and the thing he did that your client did not like was done with the help of a highly placed government official, and your (non-Thai) client’s first step in dealing with the situation was to send off a severe and threatening letter. The you grovel. Luckily we got involved after the letter was sent, so we could not be accused of being involved in it.


45 posted on 05/19/2010 8:16:07 AM PDT by Flash Bazbeaux
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To: ASA Vet

Taksin needs to be killed. Wherever he is , then this matter will settle . He is the master aggravator . Take him out
and peace will return


46 posted on 05/19/2010 3:18:18 PM PDT by LeoWindhorse
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To: silverleaf

This is typical - the COMMUNISTS are trying to take over and promising freebies to everyone

Those are the RED SHIRTS

Thaksin is their leader who promises to share the wealth


47 posted on 05/19/2010 7:25:39 PM PDT by Mr. K (This administration IS WEARING OUT MY CAPSLOCK KEY!)
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To: ASA Vet

what happened to 1 and 2

I have a Thai girlfriend now after having Three Thai babysitters through an agency

That was AFTER I had about 12 american girls - never again

The culture and people are so sweet and lovely


48 posted on 05/19/2010 7:30:15 PM PDT by Mr. K (This administration IS WEARING OUT MY CAPSLOCK KEY!)
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