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Post by rgs2001uk on Sept 7, 2017 21:24:18 GMT 7
It would be a social catastrophe. Gambling underground is huge in Thailand. There's casinos in far poorer countries than Thailand that the thais use already. Agree, your average Somchai aint using them though. As for the underground gambling, its obvious basic arithmetic aint taught in schools, look at the odds offered, 10/1 x 10/1 = 100/1, they are happy to be paid out 40/1. Dont even talk to me about the spread on the english premier league I see the odds offered on the preprinted forms that are distributed, open william hill,ladbrokes website and show the somchais, they dont seem to care about being ripped off. |
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Post by rgs2001uk on Sept 7, 2017 21:28:08 GMT 7
As for gambling, come up my way, I will give you a tour of houses that have had their windows smashed and the walls spray painted, somchai and his mrs fled back upcountry.
Local loan sharks charging at least 20% per month, in some cases can go as high as 50%.
Too many people getting rich enough as it is, no need for legal casinos, turkeys dont vote for christmas.
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buhi
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Post by buhi on Sept 8, 2017 2:12:52 GMT 7
As for gambling, come up my way, I will give you a tour of houses that have had their windows smashed and the walls spray painted, somchai and his mrs fled back upcountry. Local loan sharks charging at least 20% per month, in some cases can go as high as 50%. Too many people getting rich enough as it is, no need for legal casinos, turkeys dont vote for christmas. Correct. My family is involved, on the getting the cash in , not the loans. That is dealt with else where. Nasty business. The local loan shark, one of many is not one to befriend. His hitman is a sort of acquaintance,better to have him as a "friend". I have never gambled. Well not that way. Family, now that is hush hush. Police shsss. |
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Mosha
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Post by Mosha on Sept 8, 2017 7:40:22 GMT 7
There's a woman down the road who's acquired a lot of land at knockdown prices in payment of the debts. Someone we know is tapping the other woman's rubber trees to pay of a debt she owes.
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chiangmai
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Post by chiangmai on Sept 8, 2017 8:09:09 GMT 7
There's an older Australian man in Mrs CM's village who is married to a local girl, he funds the loans she makes to distressed locals using land as collateral. He's only very rarely ever seen outside the house and in ten visits to the (small) village I've never seen him, it has been suggested that he doesn't have a visa but who knows. What is known is that his wife now owns a lot of land and they are both the most hated figures in the area. I've suggested that somebody you should mention his existence and potential for not having a visa to the local plod, this was met with blank stares.......the coin will drop one day perhaps.
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me
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Post by me on Sept 8, 2017 10:28:44 GMT 7
There's an older Australian man in Mrs CM's village who is married to a local girl, he funds the loans she makes to distressed locals using land as collateral. He's only very rarely ever seen outside the house and in ten visits to the (small) village I've never seen him, it has been suggested that he doesn't have a visa but who knows. What is known is that his wife now owns a lot of land and they are both the most hated figures in the area. I've suggested that somebody you should mention his existence and potential for not having a visa to the local plod, this was met with blank stares.......the coin will drop one day perhaps. Whilst the village may hate them they do take the loans. Who knows, the land stays in the village ownership and is not sold off to the Chinese proxies. There will allways be a need for a source of loans when access to one can make the difference between life and death. |
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chiangmai
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Post by chiangmai on Sept 8, 2017 12:35:41 GMT 7
There's an older Australian man in Mrs CM's village who is married to a local girl, he funds the loans she makes to distressed locals using land as collateral. He's only very rarely ever seen outside the house and in ten visits to the (small) village I've never seen him, it has been suggested that he doesn't have a visa but who knows. What is known is that his wife now owns a lot of land and they are both the most hated figures in the area. I've suggested that somebody you should mention his existence and potential for not having a visa to the local plod, this was met with blank stares.......the coin will drop one day perhaps. Whilst the village may hate them they do take the loans. Who knows, the land stays in the village ownership and is not sold off to the Chinese proxies. There will allways be a need for a source of loans when access to one can make the difference between life and death. Having seen the village in full operation for several years and knowing many of the inhabitants qute well, I seriously doubt that any of the money issues were matters of life and death, my wifes family are a prime example: The older people are too old to hold down any meaningful form of employment locally, to do so would mean relocating and that means giving up their land and their friends. Boredom is rife so they try and find something to do, plant grow and sell something or start yet another a small shop and sell stuff. Neither of those options is viable in that community, the cost to plant and grow yields such poor profits that it's not even worth considering yet they go ahead and do it anyway. Opening a shop, just like their neighbor, ditto. But both ventures require capital outlay, money must be borrowed so relatives help out, and from there it mushrooms. It's only when the sum total of accrued loans reaches a level that is overwhelming that they consider putting the land in hock, to an Australian proxy no less! It's all very sad and only generations of education will bring those sad processes to an end. |
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Deleted
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Post by Deleted on Sept 8, 2017 15:30:24 GMT 7
I was talking to a stunning young student in CM recently. She was telling me her family owns fifty rai of land, and she is an only child. Land value, 400 - 800,000 baht per rai, depending on location ( some of the land is in Hang Dong ).
English - perfect, studying travel & tourism. Her dream is to create a super-resort on her land. Future husband? Has to be a farmer "or someone who will learn farming."
"Why not sell the land?" I asked. Shocked look -
"Never. This land was farmed and moulded by generations of my grandmother's. I don't have the right to sell their work."
Note she said, grandmother's. Matriarchil land system. For those with a degree of self-awareness, to lose their land is a traumatic thing. To lose it to a gambling debt? Wow. Hundreds of years of matriarchil love and labour lost.
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Deleted
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Post by Deleted on Sept 8, 2017 15:32:06 GMT 7
^^ keeper indicator, huh?
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chiangmai
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Post by chiangmai on Sept 8, 2017 15:42:08 GMT 7
Land here is like family heirlooms that must be passed down from one generation to the next, just like the landed gentry do in the UK......what's wrong with that picture I ask!
And young Miss above who wont sell but instead wants to build a super resort: the odds are that to build a half way decent resort, super or otherwise, is going to cost her some big bucks which will mean mortgaging the land, chances are that if the resort turns out to not be super she'll lose it all anyway - perhaps better to sell now and invest in, er, um more land perhaps!
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Deleted
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Post by Deleted on Sept 8, 2017 16:07:28 GMT 7
I was talking to a stunning young student in CM recently. She was telling me her family owns fifty rai of land, and she is an only child. Land value, 400 - 800,000 baht per rai, depending on location ( some of the land is in Hang Dong ). English - perfect, studying travel & tourism. Her dream is to create a super-resort on her land. Future husband? Has to be a farmer "or someone who will learn farming." "Why not sell the land?" I asked. Shocked look - "Never. This land was farmed and moulded by generations of my grandmother's. I don't have the right to sell their work." Note she said, grandmother's. Matriarchil land system. For those with a degree of self-awareness, to lose their land is a traumatic thing. To lose it to a gambling debt? Wow. Hundreds of years of matriarchil love and labour lost. She's blessed she learnt English. Now she needs a study in the UK visa next. |
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