Situation is getting worse ? Economy is tanking ? Call in 17 advisers

Prime Minister Somchai Wongsawat appointed 17 experienced advisors to help Deputy Prime Minister Olarn Chaipravat in tackling the economic slowdown, according to Federation of Thai Industries (FTI) chairman Santi Vilassakdanont.

[…] Mr Santi said Deputy Prime Minister Olarn will call a meeting with the team of advisors once every two weeks to follow up on the economic situation and assess the government’s economic stimulation measures. (Bangkok Post)

Here is my special ThaiCrisis Translation. As usual, free of charges.


SOMCHAI : holly molly, we are in deep trouble. The situation is getting worse. Let’s ask Olarn to take care of it, because obviously my Finance Minister, Industry Minister and Commerce Minister are… insufficient. I mean they are supposed to do this job, to handle this crisis, but they can’t. Why I have to endure those clowns ?

ADVISER (thinking : “because you are one”): okay boss. But we have another problem… Unfortunatly, Deputy Prime Minister Olarn… doesn’t know nothing about economy.

SOMCHAI : Oh really ? Holly buffalo crap. Okay, give him a bunch of advisers. I want top notch, the cream of the cream you know. No wait… a bunch is not enough… Give him 17 advisers, yeah seventeen that sounds better. The press will be impressed. And everybody know that 17 is better than 2 or 3, isn’t it ?

ADIVISER : Yes boss. Okay boss. You’re the LightHouse of the Far East, the Stratego of the Mekong River, the Mount Everest of the Thinking Process. And you’re handsome too.


6 Responses to “Situation is getting worse ? Economy is tanking ? Call in 17 advisers”

  1. 1 ray 18 November 2008 at 11:30 am

    the great part is nobody is in control….we have problems in the south, financial problems have surfaced in every country and we have no clue how to react to it. political situation is just waiting to jump from the frying pan into fire. demands for thai products are going to take such a great hit its going to be scary. tourists arrival will be down at leats 25% in 2009.

  2. 2 jake 18 November 2008 at 11:56 am

    But will 17 former, former, formers of close family/friends be enough ….LOL

    I don’t think so!!!

  3. 3 ThaiCrisis 18 November 2008 at 12:49 pm

    Well Jake I believe you do have a point.

    We need more. Gimme more. Let’s call Britney Spears.

    150 advisers would be better than 17, right ?

    I’m mean but it’s because I’ve got good mood today. 😉

    It reminds me this great video with John Bird and John Fortune explaining the “subprime crisis” and the CDS market.

    A great moment.

    “-thoses hege funds they all have very good names. Bear Sterns had 2 funds : one was called “The High Grade Structured Credit Strategy Fund” and the other was called “The High Grade Structured Credit Enhanced Leveraged Fund”

    -that sounds very good ! Trustworthy.

    -yes, that’s the magic of the market : what starts with lending a few thousands dollars to an unemployed black man has become a “High Grade Structured Credit Enhanced Leveraged Fund”
    It has very good words.
    high is good. Better than low anyway. And enhanced !”


  4. 4 fall 18 November 2008 at 1:06 pm

    lol, that was funny.
    But the sad part it, it’s probably true…

  5. 5 chinesethai 18 November 2008 at 2:42 pm

    The saddest part is millions of the Thai majority, Pro-Thaksin and non-aligned groups, are still failing to see causes and effects of this coming financial tsunami. Check out how they are doing in!

  6. 6 MSB 19 November 2008 at 2:30 am

    Hey, my boss is one of these 17 advisers!

    Actually I think Olarn is one of the good guys. He is quite well informed, well educated and has the experience.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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