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As the title of this video suggests, we are asking the question, "Has banking in Thailand gone bonkers?" I thought of making this video after reading a recently received email from a viewer, and in their subject line they said, "Banking is Bonkers". But that said, I'm going to quote directly: "In Thailand my Singapore ATM card used to get charged 250 Baht per ATM withdrawal. The limit is 20,000, or at one Bank 25,000. They just raised it to 350 baht. I told my bank here in Singapore; they were aghast. My son, Thai passport and ID card had to go to 3 Banks" - so this is a Thai national, okay? A Thai National - "had to go to 3 banks to open an account to receive insurance money. The first two said they couldn't be sure he was going to use the account for non-scamming purposes" - What the hell is that? These Banks need to get a grip. We are the customers all right? And where is due process? All of this crap, excuse the language here, but all of this crap that has come in since we saw that World Economic Forum guy meeting with former Prime Minister Paetongtarn Shinawatra - who by the way was removed by the Supreme Court here in Thailand, for her phone call to Hunsen, where she told a foreign potentate that he could dictate when the borders would be open. What a great leader! When that person met with the World Economic Forum and then after that we saw all this OECD just pouring in; all of this oversight just pouring in. And what has it done? And a Thai person can't get a bank account in Thailand, because they say, "well we can't be sure you're not scamming people." What is that? You're innocent till proven guilty and in Thailand you're free; that's what Thai means. How can they say that? We're the customers here.

And this notion that the banks are somehow going to rule over this new technocratic feudalism, that's a nonsense argument that's coming from a bunch of people who are watching their civilizations burn. That's what's happening in the West right now. In case you would like me to put a fine point on it, economically that is what is occurring. There's a level of entropy that has now gone to a level of atrophy where we are seeing those economies, the entire substructure of them is just falling apart. And this is what we want to model ourselves after in Thailand? And all be treated like a bunch of Soviet serfs, where if we go to the bank, you have got to go to 3 different banks, because the banks don't want to do anything with you, because you might be scamming somebody? In your own country? It's ridiculous. "He asked me what to put for account purposes. My reply was "banking". Good reply. And then this person goes on to say, "I think it comes down to the education level of Bank employees." I don't. I think the bank employees are just stuck dealing with this. I don't think they like it. I think it's the OECD. I think it's undue influence from the likes of folks like the World Economic Forum and I don't think it's good for Thailand. The one thing I like about Thailand, I learned this during COVID, this sort of foreign influence will come in, and they may do it for a while and then they'll realize, "oh, whoa, this maybe isn't what we need to do." The nice thing about Thailand unlike common law jurisdictions - and I think it comes from the sort of paradigm of precedent and stare decisis and all that good stuff, but the Thais will just say, "this is wrong", and turn it around. They'll just start doing something different.

I'm very hopeful that this happens sooner rather than later, because we are going to wake up in a country we're not going to really like being in, with all of this insane banking surveillance and this digitization and just making everything that was once rather easy and efficient to deal with, into some big obstacle. I don't know; it seems to be the desire to create a bunch of make work jobs in a non-economy, and that's not what we want to be. That's what Thailand has always stood against is basically Communism. We pretend to work; they pretend to pay us. At the end of the day we're going down a really dark road here to a place that the West is already at, and we can look back and look at all of those problems. Are those problems we really want to import here to Thailand.