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S Suwandi
Inside China Business
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Comments by "S Suwandi" (@ssuwandi3240) on "Close US ally Thailand joins BRICS, pushes for tokenization of developing world banking systems" video.
I wouldn't be surprised if Thai Bath will strengthen like the old strong pair of Aussie Dollar and Yuan. Thailand population is also two and half larger than Australia
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Absolutely. As one of few countries that reopened first for China and Russia tourists.
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@jayjaywoodland the war is between EU banks that enforced the environment agenda with Indonesia too. I doubt that's US order but the ECB boss.
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This isn't about De-dolarization but the EU is enforcing environmental rules and let's be honest who's going to end up paying the high price of green energy and farmers passing up those extra costs to end consumers
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Am glad they're rolling out new cross borders payments shortly . All these ASEAN countries such as Indonesia are also reluctant to comply with EU environmental rules. I saw it in DW news. Now they own their local payment networks they're free to do trades in local currencies
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@jayjaywoodland Thailand's Surplus account has the largest trade with USA, they're happy despite the EU banks are preaching on the environment agenda. This is the war between bankers greed vs People"s high cost of living. Don't you see why ECB got to rush to cut rate? Because the Germans started to stab politicians..
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No but that's not their concern. These days WH got this new in charge named Waldo or something like that that scanned payments to Russia and China even Buffet's listed investment that got caught to deliver made in US chips to China ended up in sanctions list. Mind you if you understand that suppliers with signed contracts cannot immediately cancel the commitments without financial penalties. In Thailand's case, I would suspect from hundreds of thousands of Russian and Chinese tourists money into the country's tourism and real estates that the EU might not feel too happy with while doing Free Trade with Thailand. However this move has also accelerated the improved cross borders payments in Thai Bath, which means Thai Banks could use a secondary network likely thru China instead of the US Swift. Cheaper for sure and free from big brother access
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