วิกฤติอาร์เจนตินา ที่รัฐบาลผิดนัดชำระหนี้ /โดย ลงทุนแมน
พันธบัตรรัฐบาลดูเหมือนเป็นสินทรัพย์ที่ปราศจากความเสี่ยง (Risk-free asset)
แต่ในตอนนี้มีอยู่ประเทศหนึ่ง ที่รัฐบาลไม่สามารถหาเงินมาชำระหนี้ได้
ประเทศนั้นชื่อ อาร์เจนตินา
เรื่องนี้มีที่มาเป็นอย่างไร...
Continue ReadingThe Argentina crisis that the government defaults to pay debt / invest manly.
Government bonds seem like risk free assets (Risk-free asset)
But now there is one country where the government can't afford to pay the debt.
That country is Argentina
How does this come to be?
Investing man will tell you about it.
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If you want to know the way of the world economy, you need to understand
World economy 1,000 years. 6th typing.
Order at (get 10 % discount from the cover price of 350 baht)
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Year of July. Prof. 2010 Argentina's public debt is at 4.9 trillion baht.
Or about 44 % of GDP
Year of July. Prof. 2019 Argentina's public debt is at 11 trillion baht.
Or about 93 % of GDP
Increasing public debt is creating a heavy problem for Argentina now called Argentina the sick people of South America.
Some may not know that once in the early 20th century, Argentina was one of the world's most wealthy countries.
Because Argentina's farming industry is growing greatly from lands, fertile and climate suitable for agriculture sector.
This story is made in July. B.E. 1913 Argentina is addicted to 1 of the 10 countries with the world's highest population income.
However, time has passed 106 years
In the year. B.E. 2019 Argentina's per capita income falls to 66 of the world.
The beginning of economic fragility of a country is born from 2 main causes.
1. Political unrest, which comes from the Revolution of the military and corruption of cuddle Politicians.
2. Policy implementation of many leaders in the past who wanted to create a nationalist and bring in printing and budget spending, large amounts of balance.
When things are like this, it causes financial burden to the country.
Argentina has experienced various problems like a strong patient.
So how does this affect Argentina?
Year of July. Prof. 2019 The country's inflation rate is at 54 % highest in almost 30 years.
And the 5th highest in the world
During the year of July B.E. 2009-2019 Argentina has a budget deficit every year, making Argentina one of the world's longest budgeted countries.
The government's debt burden is increasingly composed to high-level inflation. This is why the Argentine peso goes down quickly.
If we exchanged $ 1 for Argentina pesos
Year of July. B.E. 2009 will exchange for 3.8 Argentina pesos
Year of July. B.E. 2019 will exchange for 60 Argentina pesos
The country's money is almost 1,480 % weaker. Many people may think that one side of peso money should help the export sector of the country, but it doesn't seem like much. Because today, the export sector is just 14 % of the country's exports. GDP value only
Peso's weakening of money makes the central bank have to use the reserve to keep the money from severely weakening.
But this has reduced the central bank reserve substantially from 2.1 trillion baht in July. B.E. 2018
Only 1.2 trillion baht left now.
Argentina needs help from the International Monetary Fund (IMF) worth over 1.8 trillion baht, which is the most critical country's subsidy in IMF history.
However, another bad joke is
Currently, the public debt burden that the Argentina government has is 80 % in foreign debt and most are in the picture of US dollars.
The weakness of Argentina peso compared to US dollars makes the country's debt increase because more Argentina peso is required to pay the same debt.
We can imagine that 10 years ago
If we owe $ 1
We will spend just 3.8 Argentina pesos to exchange $ 1 to pay back debt.
But come today, we're spending 60 Argentina pesos to exchange $ 1 to pay back debt.
This kind of thing has happened to Thailand in July. Prof. 1997 Many people remember that we need to spend 2 times more money to pay the same debt.
But Argentina is now not 2 times more debt, but ten times more debt..
The Argentina government currently has foreign debt for over 2 trillion baht and recently, the Argentina government has just defaulted to pay the debt (Default). Pay interest in stock loan amounts of over 16,000 million baht.
The government has previously negotiated restructuring debt with creditors to pay down interest and delay debt repayment, but it is rejected by creditors. Now the Argentine government needs to revisit the new offer to negotiate with creditors again.
Which now doesn't know what the final conclusion of this story will be.
But for sure, if the Argentina government can't afford to pay debt to the creditors, the story may be worse than we see now.
While Argentina's debts pay interest for the 9th Argentina in country history after Argentina has experienced total 8 moratorium defaults since Spain independence in July. Prof. 1816 or 204 years ago
This may be a lesson for many countries to learn things from countries that have experienced problems in order to avoid and not follow those countries.
Thailand now seems far from being Argentina
But be careful because everything, if careless, it can always happen..
╔═══════════╗
If you want to know the way of the world economy, you need to understand
World economy 1,000 years. 6th typing.
Order at (get 10 % discount from the cover price of 350 baht)
Lazada: https://www.lazada.co.th/products/1000-i714570154-s1368712682.html
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References
-https://tradingeconomics.com/argentina/government-debt-to-gdp
-https://www.statista.com/statistics/316929/national-debt-of-argentina-in-relation-to-gross-domestic-product-gdp/
-https://en.wikipedia.org/wiki/Economic_history_of_Argentina
-https://www.statista.com/statistics/316750/inflation-rate-in-argentina/
-https://www.reuters.com/article/us-argentina-economy/argentinas-economic-crisis-explained-in-five-charts-idUSKCN1LD1S7
-https://www.ft.com/content/e6f5c436-37d2-11ea-a6d3-9a26f8c3cba4
-https://www.statista.com/statistics/316916/argentinas-budget-balance-in-relation-to-gdp/
-https://www.bbc.com/news/business-49429361
-https://www.cnbc.com/2020/05/07/argentinas-government-appears-set-to-default-citing-covid-19-pandemic.html
-https://www.theguardian.com/world/2020/may/22/argentina-set-for-default-as-bondholders-reject-new-terms
-https://www.dw.com/en/argentina-in-default-for-second-time-this-century/a-53542302Translated
同時也有1部Youtube影片,追蹤數超過5萬的網紅LayersOf_Jenn,也在其Youtube影片中提到,I know it isn't technically called the Penis Festival but lets be real.... thats what is it famous for haha. Okay, the real name for this wonderful ev...
remember the time wiki 在 Eric's English Lounge Facebook 的最佳解答
[實事英文] Righteous Among the Nations: Chiune Sugihara
No matter who you are, where you are from, always remember that you are an empathetic human being. Always help those in need.
無論你是誰或來自哪裡,永遠記住要有同理心,對需要幫助的人伸出援手。
★★★★★★★★★★★★
「國際義人」杉原千畝
Chiune Sugihara (杉原千畝) was a vice consul of the Japanese Consulate in Kaunas, Lithuania. During the Second World War, Sugihara helped some six thousand Jews flee Europe by issuing transit visas to them, risking his job and the lives of his family.
1. vice consul 副領事
2. Japanese Consulate in Kaunas, Lithuania 日本駐立陶宛考納斯領事館
3. issue transit visas 簽發過境簽證
4. risk his job and the lives of his family 冒著失去工作和家人性命的危險
★★★★★★★★★★★★
As the Soviet Union occupied sovereign Lithuania in 1940, many Jewish refugees from Poland and Lithuanian Jews tried to acquire exit visas. Without the visas, it was dangerous to travel, yet it was impossible to find countries willing to issue them.
5. occupy sovereign Lithuania 佔領完全獨立的立陶宛
6. Jewish refugees 猶太難民
7. acquire exit visas 獲得出境簽證
★★★★★★★★★★★★
Hundreds of refugees came to the Japanese consulate in Kaunas, trying to get a visa to Japan. At the time, the Japanese government required that visas be issued only to those who had gone through appropriate immigration procedures and had enough funds. Most of the refugees did not fulfill these criteria.
8. appropriate immigration procedures 適當的移民程序
9. have enough funds 擁有足夠的資金
10. do not fulfill these criteria 沒有達到這些標準
★★★★★★★★★★★★
From 18 July to 28 August 1940, aware that applicants were in danger if they stayed behind, Sugihara decided to ignore his orders and issued ten-day visas to Jews for transit through Japan. Sugihara hand wrote visas, reportedly spending 18–20 hours a day on them until 4 September, when he was forced to leave his post before the consulate was closed. By that time he had granted thousands of visas to Jews, many of whom were heads of households and thus permitted to take their families with them.
11. be aware that... 意識到...
12. ignore his orders 無視他的命令
13. transit through Japan 過境日本
14. be forced to leave his post 被迫離開他的崗位
15. heads of households 一家之主們
16. be permitted to take their families with them 被允許帶走他們的家人
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According to witnesses, Sugihara was still writing visas while in transit from his hotel and after boarding the train at the Kaunas Railway Station. He threw visas into the crowd of desperate refugees out of the train's window even as the train pulled out. As he prepared to depart, he said, "Please forgive me. I cannot write anymore. I wish you the best." When he bowed deeply to the people before him, someone exclaimed, "Sugihara. We'll never forget you. I'll surely see you again!"
17. while in transit... 在途中...
18. desperate refugees 因絕望而拼命的的難民
19. prepare to depart 準備要離開
20. bowed deeply 深深地鞠躬
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In 1985, the State of Israel honored Sugihara as one of the Righteous Among the Nations for his actions. He is the only Japanese national to have been so honored.
21. Righteous Among the Nations 國際義人
★★★★★★★★★★★★
Sources:
https://en.wikipedia.org/wiki/Chiune_Sugihara
https://www.independent.co.uk/news/world/chiune-sugihara-google-doodle-today-japan-lithuania-holocaust-world-war-2-a9024781.html
★★★★★★★★★★★★
Saw this on Google...just the story we need today.
★★★★★★★★★★★★
時事英文新聞: https://bit.ly/2Gtsduy
empathetic vs. empathic
https://grammarist.com/usage/empathetic-empathic/
remember the time wiki 在 Chris Lau Facebook 的最讚貼文
Because people keep sharing the video when they intended to share my morning post instead. Apologies, for I wasn't anticipating that. Refined it a little. Siou.
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When Tunku Abdul Rahman came to North Borneo in 1961, he was surprised to find that there were no Malays and didn't know how to talk to the natives. At first the Malaysia proposal was rejected by North Borneo but the urban Dusuns later supported it, causing a split that formed the splinter between Kadazans and Dusuns.
It was Lee Kuan Yew, not Tunku Abdul Rahman who convinced North Borneo and Sarawak to join Malaysia. The 20 Point Agreement was formed for North Borneo following the Cobbold Commission because we were worried that the Malayans who were better educated, racially segregated and pro-Melayu would convert us into Islam, take our government jobs and replace the British as our colonisers. Brunei was Malay but they opted out. Sarawak had Malays too yet they and Brunei had their own respective rebellions in protest of joining Malaysia that resulted in bloodshed.
Malaysia was formed under the pretence of an equal partnership between Malaya, North Borneo, Sarawak and Singapore. Today, Sabah Sarawak are considered 'states' and many peninsular Malaysians still can't tell the two apart though if not for Sabah Sarawak, there would be no Malaysia.
Coming from a pagan culture that believed in oath stones (see: Keningau Oath Stone - http://bit.ly/2c5snIh), the 20 Point Agreement in the modern world, proved to be ineffective as it was merely a gentleman's agreement with no locus standi. A majority of the promises for goodwill between Malaya and North Borneo would soon be broken.
16 September 1963, Donald Stephens chanted "Merdeka" at Padang Merdeka, Kota Kinabalu four times. Three times less than Tunku Abdul Rahman. Malaysia Day would have fallen on 31 August if not for protest from Indonesia and the Philippines.
In December 1964, a little over a year after his appointment, Donald Stephens was removed as Chief Minister of Sabah for wanting to review the Malaysian Agreement because Singapore had been expelled suddenly, without Sabah or Sarawak's knowledge. Sabah's founding father and first Huguan Siou was unceremoniously replaced with Datuk Peter Lo and he was later appointed as the Federal Minister of Sabah Affairs.
1967 saw the reign of USNO and the introduction of the most controversial figure in Sabah history yet. Tun Mustapha bin Harun was a Bajau-Suluk politician who had risen with Donald Stephens during the Merdeka talks. Transitioning from British colonisation into modern politics, he had initially accepted the TYT Governor role instead of Chief Minister because he thought that it would be more powerful.
Tun Mustapha was well liked by the federal government because he was a Muslim and they saw him as their brethren who could represent Sabah despite Muslims being a minority of 38% at the time. The Dusuns then were mostly Christian, spoke a different language and were seen as being too difficult to manipulate by the Malays. Having non-Malay bumiputeras trying to assert their own national identity would have been a threat to Malay supremacy and to nationhood.
The USNO era was harrowing for the indigenous majority of Sabah. Kadazan vernacular schools were denied. Bahasa Melayu was taught in schools instead and for a time, indigenous languages were banned from the radio. Tun Mustapha formed the United Sabah Islamic Association (USIA) with funding from the federal government and mass Islamisation took place among the illiterate natives and some 75,000 (I can't find my original online source but the book, Federal-State Relations in Sabah, Malaysia says 93,482 - http://bit.ly/2c5rFe1) were converted. Priests were extradited and in Tambunan, some were hidden in the jungles by villagers. Non-Muslims were being discriminated against in government office and the economic sector.
In 1973, despite point 1 of the 20 Point Agreement, Sabah's official religion became Islam. We were meant to be a secular state.
The federal government went on to use Tun Mustapha's Bajau-Suluk connections to foster relations with the Moros and when the civil dispute between Mindanao and the Philippines erupted over the Moros' refusal to attack and conquer Sabah, (**edited Tun Razak) may have had plans to take Mindanao as a Malaysian territory as they were Muslim as well. From the support from the Malaysian government came the birth of the Moro National Liberation Front and Sabah opened its doors for the first time to tens and thousands of Sulu refugees in the 70s.
Lavish spending and a playboy lifestyle nearly led to the bankruptcy of Sabah. The federal government was becoming increasingly impatient with Tun Mustapha and engineered his removal through Datuk Harris Salleh with the first Barisan Nasional government in Sabah, Berjaya.
Harris approached Donald Stephens, who had converted and become TYT Governor Tun Fuad Stephens, to step down and run as Chief Minister. The federal government was pushing for the Petroleum Agreement, which Tun Mustapha had refused and Tun Fuad was not about to budge either. Tun Mustapha allegedly had plans to pull Sabah out of Malaysia and with the Sulu nation, form his own country as Sultan (this fler damn trip, I tell you).
Berjaya succeeded and Tun Fuad Stephens was reinstated as Chief Minister in April 1976. 53 days later, 6 June 1976, he died in an horrific plane crash that Sabahans remember as the Double Six Tragedy, killing 11 of Sabah's "illustrious leaders". 14 June, the Petroleum Development Act 1976 was signed by his successor, Harris Salleh, surrendering 95% of Sabah's oil royalties. Labuan, Harris' birthplace was given away as a federal territory for free.
Sabah has since been one of the three largest oil and gas producers in the country with Petronas contributing to 45% of our nation's government dividend.
That's the story of Sabah's Bapa Merdeka and Malaya's Bapa Merdeka's contributions to Malaysia and we all lived happily ever after. Amin.
Some additional references:
- The Borneo Response to Malaysia, Dr James P. Ongkili - http://bit.ly/2c5m1Zs
- The Golden Son of Kadazan, Datuk Peter Mojuntin - http://bit.ly/2c5mpHw
- Politics of Centre-State Conflict: The Sabah experience under the ruling Sabah Alliance (1963 - 1976) - http://bit.ly/2bOIZDj
- The People Love Me, interview with Tun Mustapha, Asiaweek 31 August 1985 - http://bit.ly/2bKm2kE
- Wiki Tun Fuad Stephens and Double Six Tragedy
- Pembangunan Politik Sabah, Sabihah Osman - http://bit.ly/2c5qc7y
- Federal-State Relations in Malaysia - http://bit.ly/2c5rFe1
- Double Six Tragedy and Implications of Political Development in Sabah, Malaysia. Aziz, H. (2014) - http://bit.ly/2c5ttUz
Don't marah me. Syorang baca sejarah saja.
remember the time wiki 在 LayersOf_Jenn Youtube 的最佳解答
I know it isn't technically called the Penis Festival but lets be real.... thats what is it famous for haha. Okay, the real name for this wonderful event is the Kanamara Matsuri and it is a fertility festival that happens once a year in Kawasaki, Japan!
I went for the second or third time (can't remember sorry!!) and it just keeps getting busier every year! Def a once in a lifetime experience~ I think the foreigners almost outnumbers the amount of Japanese people this year in attendance !
The backstory behind the penis biting monster is here.. def a good read hahaha https://en.wikipedia.org/wiki/Kanamara_Matsuri
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