Bangkok: In a world of volatility, staying informed with factual information is more important than ever.
According to Thai News Agency, the recent temporary drop in oil prices, prompted by the US postponing the trade war deadline, is seen as a strategic negotiation game. Professor Veera highlighted that Iran has set forth 10 conditions, while the US has 15 conditions to be met in return, with China and Pakistan playing roles as mediators. Professor Veera warned against the Thai government's intervention in forcing refineries to lower prices, suggesting that such actions could set a problematic precedent and lead to future repercussions. The negative balance of over 60 billion baht in the Fuel Fund remains a critical issue the government needs to address.
Professor Weera also addressed the issue of mental health, emphasizing the importance of preventing "mental illness," which involves misremembering information and making assumptions without a factual basis. He stressed that being aware of factual information can alleviate unnecessary stress.
Additionally, Professor Weera introduced the "Eight Precepts," consisting of three financial principles and five prohibitions, as a means to build resilience during crises. These include spending less regardless of financial status, paying off debts, and avoiding carelessness, greed, shamelessness, arrogance, and recklessness.
While the world may experience constant change and new forms of conflict, accumulating wisdom and knowledge can help individuals remain resilient amidst uncertainty. "Sustainable wealth begins with mindfulness," Professor Weera concluded, emphasizing that mindfulness is the best tool for overcoming crises.