I think Tim Pool's explanation of the fake texts makes so much more sense than Candace Owens'. Just saying.

Good morning #siamstr ง่วง นอนต่อดีกว่า

And for six episodes I thought Hermit was a call sign not his surname.

5200 complaints of locked accounts in just three days and only 107 unlocked. This will only get worse with cdbcs. #siamstr

nationthailand

AOC receives over 5,200 complaints in three days but only 107 bank accounts unlocked

AOC got 5,274 complaints on frozen bank accounts in three days, but only 107 accounts were unfrozen after callers proved their innocence.

And Thailand and Cambodia are at war again at Nong Ya Kaew (หนองหญ้าแก้ว).

เกือบตีสาม นอนไม่หลับ

I asked Gemini what Ludwig Von Mises would have thought of the Thai Baht appreciation and the proposed tax on gold. Here is what it said. #siamstr In an address to the esteemed members of the Bank of Thailand and the Ministry of Finance, the late eminent economist Ludwig von Mises would have offered a perspective rooted in his unwavering commitment to free markets, sound money, and minimal government intervention. His counsel would starkly contrast with contemporary approaches to monetary policy. ### On the Ill-Advised Notion of a Gold Tax Professor Mises would have vehemently opposed the proposal to tax gold transactions. From his viewpoint, such a measure is a quintessential example of a misguided government intervention that treats a symptom while ignoring the underlying disease. He would argue that **taxing gold is fundamentally an attack on private property and the financial prudence of your citizens.** In a world of fluctuating fiat currencies, managed by central banks, individuals who choose to hold gold are not speculators to be punished; they are rational actors seeking to preserve their wealth from the inevitable debasement of paper money. Gold, for Mises, is the ultimate market-chosen money, a bulwark against the inflationary policies of governments. Furthermore, he would contend that such a tax would be futile and counterproductive. It would likely lead to several negative, unintended consequences: * **Driving the Market Underground:** A tax on gold trading would not eliminate it but merely shift it to informal, unregulated channels, making it more opaque and potentially fostering illicit activities. * **Distorting Market Signals:** The tax would artificially alter the price of gold, interfering with its function as a reliable indicator of the market's confidence—or lack thereof—in the national currency. * **Capital Flight:** Rather than discouraging gold purchases, it might incentivize citizens to seek ways to buy and store gold outside of Thailand, leading to capital flight. In essence, Mises would see the gold tax as a coercive attempt to force citizens to hold a depreciating asset (paper currency) by penalizing their access to a superior one (gold). ### The Real Culprit: A Manipulated Currency Professor Mises would assert that the strengthening of the Thai Baht is not the core problem. Instead, it is an unavoidable consequence of a flawed monetary system based on fiat currency and managed by a central bank. He would identify the root causes as: * **The Absence of a Gold Standard:** Without the anchor of a gold standard, where each unit of currency is redeemable for a specific weight of gold, the value of the Baht is subject to the arbitrary decisions of the central bank and the volatile flows of international capital. The exchange rate is not a true reflection of market fundamentals but of these interventions and speculative tides. * **Central Bank Intervention:** Mises was a staunch critic of central banking. He would argue that the Bank of Thailand, by its very existence and its mandate to "manage" the currency, is the source of monetary instability. Attempts to influence the exchange rate, whether through interest rate manipulation or direct market intervention, only create further distortions and cycles of boom and bust. * **Global Monetary Instability:** The strengthening of the Baht is also a reflection of the weakening of other major fiat currencies, such as the US dollar. In a global sea of unsound money, capital naturally flows to currencies perceived as relatively more stable or offering higher yields, causing unwanted appreciation. ### The Misesian Prescription: A Return to Sound Money and Free Markets True to his principles, Ludwig von Mises's advice would not be a simple policy tweak but a call for a fundamental paradigm shift. He would not offer a method to achieve a "correct" exchange rate, as he considered any government-targeted price to be an act of central planning doomed to fail. His recommendations would be as follows: 1. **Cease All Intervention Immediately:** The first and most crucial step is for the Bank of Thailand and the Ministry of Finance to completely abstain from any and all attempts to influence the exchange rate of the Baht. They must allow the currency's value to be determined solely by the voluntary exchanges of individuals in the free market. 2. **Abandon the Gold Tax Initiative:** The proposed tax should be publicly and permanently rejected as an infringement on economic freedom. 3. **The Ultimate Solution: A Gold Standard and Free Banking:** For long-term stability and prosperity, Mises would advocate for a radical reform: * **End the Government's Monopoly on Money:** Allow the free market to determine the best medium of exchange. Historically, this has been gold and silver. * **Re-establish a 100% Gold-Backed Baht:** Define the Thai Baht as a specific weight of gold and ensure that every Baht in circulation is fully backed by and redeemable for that amount of physical gold. This would eliminate the central bank's ability to inflate the money supply and would create a currency of stable, predictable value. * **Abolish the Central Bank:** In a sound money system, the Bank of Thailand, in its current form as a manipulator of money and credit, would be obsolete. Its functions would be replaced by private, competitive banks operating under the strict discipline of 100% reserve banking. Professor Mises would conclude by stating that while his recommendations may seem drastic, they are the only path to genuine economic stability. Short-term interventions and taxes are merely "the illusions of a counterfeit prosperity" that will lead to greater economic pain in the future. Lasting prosperity, he would insist, can only be built on a foundation of individual liberty, private property, and sound money.

Yum yum kebab at Great British Doner Not bad but a bit too healthy for my taste. Not oily at all.

Never forget who was Public Health Minister who forced you to take those experimental gene therapy injections. #siamstr #nuremberg2now

มาคุยกันในรังผึ้ง

HiveTalk

Hivetalk Honey Join Error

Hivetalk Honey Join Error

#siamstr

I wonder if trump was watching alien earth when he came up with the 15 billion number in the NYT lawsuit

Trams in St Peter's Square

The 🐴 banking omnishambles in Thailand gets worse. Police promise to unlock accounts in 12 hours if they can provide, and I quote: He explained that relevant agencies would review the flagged transactions, after which innocent account holders could prove their identity through four details: full name, ID card number, bank account number, and the bank’s name. In what universal reality is that even relevant to anything? How could a bank account be opened without that information to begin with? Legacy accounts? Why not just target them instead of third parties? Previously the Bank of Thailand said they would unlock accounts in four hours by calling the 144 hotline. Who is in charge here? Obviously not the commercial banks but is it the central bank or the police? Welcome to Thailand where the need to be seen to be doing something outweighs the need to do something. #siamstr

nationthailand

Police chief targets mule accounts, promises 12-hour unlock for innocents

The police chief has ordered checks on mule accounts and pledged to unlock innocent accounts within 12 hours, starting today, stressing the process...

Free markets Monetarism Private property rights ... Everyone following the 🐎 debanking debacle should be aware of how important they are and how they are being eroded by design by the Davos agenda. #siamstr

Instagram

Derek & Dakota Gray | Digital Real Estate on Instagram: "Is college a scam? 🤔 RIP Charlie"

In this eye-opening video, Derek and Dakota expose the truth about the education system and the lack of teaching real economic principles in colleg...

Hmm... Posted by Netanyahu himself.

Instagram

‎Benjamin Netanyahu - בנימין נתניהו‎ on Instagram: "Charlie Kirk was a true friend of Israel. Rest in peace"

Charlie Kirk discusses his passion for Israel and its impact on the world. From college campuses to the streets of Jerusalem, he shares his insight...

Bank of Thailand comes out to calm people who cannot withdraw cash from the bank that there is no bank run by saying only 100 people have complained and of those 10% have been unfrozen. #fiatgames #siamstr

The five qualities of money: Scarcity Fungiblity Durability Divisiblity Transferability Scarcity has long been lost. This week has shattered the illusion that the Thai Baht is still money. Good night. #siamstr

Watching old Buffy. Wow.. The music from all the indie bands at the Bronze has aged really well.

First it was all for 🐴 accounts. Now it's about illicit activity. Notice the mission creep? #siamstr

nationthailand

DBD flags 1,415 companies linked to money laundering risk

The Department of Business Development (DBD) has joined forces with the Royal Thai Police to crack down on the use of mule accounts and suspicious ...

IMHO the UN voting to recognise a post-Hamas Palestinian state just guaranteed a forever war. Simple game theory. Israel now needs to keep Hamas alive just enough to not fade away or else they lose.