Transcript of the above video: 

Unfortunately it's another one of these videos about the vicissitudes of the banking sector out here in Thailand. I thought of making this video after reading a recent email from a viewer - and tip of the hat to you for sending me this. I am not going to read the whole email, but there was one excerpt in here that I thought was interesting. Quote: "A recent notification on my Bangkok Bank app. informed me that my maximum daily expenditure limit has been reduced further to 20,000 Baht without any consultation with me. This is ludicrous. If the other Banks follow suit, I shall have to make my rent payments across four transactions and spend all my time scheduling my bill payments across each day of the month to avoid hitting the threshold." 

Yeah, it really is getting ridiculous. This Know Your Customer and everything is 'money laundering'! Yeah. No, it's tyrannical overreach from a bunch of banking bureaucrats and it's for no good reason that I can see. What is the purpose of decreasing from 50,000 to 20,000 Baht somebody's maximum expenditure limit to be able to move money around, and why? It's their money. This is another thing. I have gone over this in a million different videos at this point. We are the customers; we are the ones giving our money to the bank who then gets to loan it back out at interest - by the way through fractional reserve banking, they get to loan 10 times that money out at interest - but then we get forgotten about and we get treated like criminals, because we want to spend our own money? That's ridiculous. And meanwhile, what is going to be the effect of this on the economy? You think it's going to help business in Thailand, that there are all of these hoops you have got to jump through just to send a little bit of money from one person to another? No. If anything, Thailand was doing a lot better when we had essentially an unfettered banking system, one that you could move capital through. But oh magically, since the appearance of the WEF, since the new Parliament went into effect in 2023, and then we got the good old OECD, Organization for Economic Cooperation and so-called Development, yeah, those folks have now come in here and we are seeing our banking system constricting down the ability of its users to be able to pay their basic bills. This is not a recipe for good economic policy in Thailand. 

Hopefully this will change. We are seeing a new Parliament come into session it looks like in this upcoming week, so hopefully in the aftermath of that, we might see some cooler heads starting to prevail upon the banking sector here in Thailand to start acting reasonably and stop treating customers like criminals.