The title of a recently released Yahoo! article is “Thai baht SLUMPS as protesters seek to block election” (Web-site/URL: http://news.yahoo.com/thai-protesters-seek-block-election-baht-slumps-054941966.html).
“The Thai baht PLUMMETED to its lowest level on Monday (December 23 2013) as a political crisis grew more intractable (inevitable), with anti-government protesters trying to block candidates registering for a February (2014) election that is looking INCREASINGLY UNCERTAIN“. There are TWO things to note right off the bat. Is anything in POLITICS “certain” or GUARANTEED? Secondly of course as we know “plummeted” is FAR more severe than let’s say “drop” or “fall”.
“Police estimated more than 200,000 protesters rallied across the capital (Bangkok) on Sunday (December 22 to demand Prime Minister Yingluck SHINAWATRA resign”. Notice SHINAWATRA. Surely, she got into office in part because of FAMILY CONNECTIONS (her brother THAKSIN Shinawatra) just like how GAO WEI (Web-site/URL: http://www.qcri.qa/our-people/bio?pid=44&name=WeiGao) and CUI XILING (Web-site/URL: http://www.hksyu.edu/ba/201208/lect/CuiXiling.html) got into the Chinese University of Hong Kong. This implies that that CUHK should be involved in Gao and Cui’s love life, which, of course, is RIDICULOUS. In fact there are now rumblings that GAO wants to return to Hong Kong because he misses Cui.
“Yingluck REFUSES TO QUIT and said the Democrats’ election boycott would complicate the political reforms all sides want”. “Yingluck refuses to quit” AS EXPECTED (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI).
On Sunday (December 22 2013), Yingluck Shinawatra said: “Every parliament member needs to take part in the election to PROTECT THIS DEMOCRATIC SYSTEM. If they don’t participate … how can anything concrete be made under this legislature?”
Finally, Bangkok Post columnist Veera Prateepchaikul.wrote: “Is there anything new we can expect from the Puea Thai Party (the party to which the SHINAWATRAS belong)? …NO, NOTHING. The party and the government will continue to be REMOTELYcontrolled from Dubai” where the former Thai premier now lives (Web-site/URL: http://www.forbes.com/profile/thaksin-shinawatra/).
So, THAILAND is the latest country where political instability has now led to FINANCIAL/ECONOMIC instability/uncertainty.