This could be both good and bad. Hopefully the Baht will loose some strength against the dollar, and make a bit of a buying opportunity. Also lets hope this finally means a return to fair closing times, and if we are lucky… a repeal on the this visa situation.

Troops loyal to army chief Gen Sonthi Boonyaratkalin last night staged a coup d’etat to oust caretaker Prime Minister Thaksin Shinawatra who was in New York and due to address the United Nations General Assembly.

And Taxsin is stuck in New York:

Thaksin is in New York at a hotel, where he has reportedly been watching the United Nations General Assembly and keeping abreast of developments here.

And then he sraps his UN speach, as not he is just a guy, well the richest guy in Thailand, but still:

After getting the United Nations to rearrange the schedule of its most important annual meeting, Thai Prime Minister Thaksin Shinawatra Tuesday cancelled the talk that was to be delivered later in the day.

And the Bangkok Post fails us again, it’s server unable to handle the large amount of traffic.

A Bangkok native makes this statement, which pretty much sums it up:

“Allowing Thaksin to carry on will ruin the country more than this. The reputation of the country may be somewhat damaged, but it’s better than letting Thaksin stay in power.”

Unfortunately, this is nothing new, there has been no fewer than 23 coup attempts in the past 74 years. But the last one in Thailand was 15 years ago.

The news also topped Goggle News. Track all the news here.

A nice rundown of Taxsin’s accomplishments.