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Paul Gambles

Recognized as a regional financial expert, Paul is a regular speaker at industry events on market forecasting, financial planning, investing and legal issues for foreigners living or doing business in Asia.  Besides Paul’s blog, Paul previously distributed his ‘almost-daily’ email – “Daily Updates”, where he gave his views on timely issues affecting financial markets, macro economics, micro economics and everything in-between.

Born in South Yorkshire, England, Paul graduated from the University of Warwick with an Honours degree in English and European Studies.  He began his financial career in the early 1980s as a technical inspector at HMIT with Inland Revenue.  Following a successful career change to the Bank of Scotland in 1987, Paul moved to Bangkok in 1994 to help set-up an investment counseling practice, which today is known as MBMG International.

www.mbmg-international.com

  

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Self Delusion – Media Delusion – Government Delusion

Attendees at last night’s FCCT evening with Oliver Stone heard the legendary American director talk about how he feels that many people in all walks of life delude themselves on a wide range of important issues. This is most evident in geo-politics Mr. Stone showed his contempt for former US President George W. Bush junior, whose well-know lack of mental acuity was charitably, described as ‘a short attention span’ by the eloquent director/producer of films such as Wall St. Mr. Stone also emphasized that  geo-political concerns aren’t the only area where self-delusion, delusion by media and delusion by big government occur –he high lighted the great delusion of anti-communist scare tactics perpetrated by successive right wing American regimes since the 1950s but ultimately concluded that each individual within society needs to stand up against such disinformation, however, persuasive it may be “ never, ever  underestimate the power of corruption to rewrite history” He also illuminated his reason for making a sequel movie for the first time in his career “ Wall Street II is a totally different story to Wall Street". Mainly different characters although Michael Douglas will of cause reappear, but more than anything the events of 2008 are a story that needs to be told-it’s very different now to the original story-even the amounts are different back then $1 million we a substation amount –today you need $1 billion to open a new hedge fund.