Skip to comments.All Hell Breaking Loose In Thailand, Stock Exchange On Fire
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
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.
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:
(Excerpt) Read more at businessinsider.com ...
apparently some Thais are not “keeping a cool heart”
who benefits from this violence? Financially and politically?
Hope there are SOME adults on Wall St looking at this circumspectly...
“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
I was one of the originators of the legendary “Thailand” comments. I think I was number two or Three inside of 5 seconds. LOL
“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.
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.
Indonesia or Malaysia.............
What was the “Thailand” comment, I forgot? Maybe you should re post.
“foreign journalists” = marxist advisors
The guy who claimed to have murdered JonBenet Ramsey was captured in Thailand.
Are the Red Shirts Commies?
Are the Red Shirts Commies?
Ahh here it is.
Oh yes I remember that jerk. I thought it was going to be like Hillary being originally from Thighland. LOL!
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.
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?
No, just easy targets.
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.
Sad really sad.
Married two, engaged to third. Caught #3 in a lie so cancelled.
Actually it was a good thing. Found out prior to spending big bucks getting her here.
How long before we see banks on fire in the Western world? Probably not too long now.
I’ll bet the folks on Koh Samui are as laid back as ever, and the beach is just as nice as ever....
Young people, and people who love violence don’t care who benefits from violence. They just love mayhem.
Do these things come in groups of three? Greece, Thailand...
I am confident that I am far from alone in opening this thread just to see that comment.
“Protesters” dang, that is what the Confederate Army during the Civil War was, “protesters”.
A couple of very wealthy people are in charge on both sides.
All I can think about is all those child prostitutes with no income for weeks, so sad.
(Mrs. Altair is scheduled for a brief stopover there on Friday). Sigh.
So the Thai people have more guts than most Americans.
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.
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
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
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