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
Via Twitpic
Developing... my twitter has a play by play of today's events so far @vincefernando
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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.
Via Twitpic
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:
Via Twitpic
[snip]
(Excerpt) Read more at businessinsider.com ...
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.
That’s tough.
Regards.
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.
Gotta admit...
“Protesters” dang, that is what the Confederate Army during the Civil War was, “protesters”.
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