Transcript of the above video: 

As the title of this video suggests, we are discussing this recent CrowdStrike situation. For those who are unaware, large swaths of the West, primarily the Western World were really shut down. It is my understanding Airlines went down, all kinds of banking functions were not available because of this situation. I don't even fully understand it; I'm not even going to cite anything. There's all kinds of stuff out there on the internet talking about this but long story short, CrowdStrike was providing some sort of Security Services, antiviral whatever sort of software associated with a lot of Microsoft products and that runs a large segment of basically the administrative tasks of a large segment of the Western Economy. That all shuts down and certain aspects of the West sort of ground to a halt over the past few days, in the most recent memory here. 

So the reason for the video is, I am seeing this increasing move to digitize everything. This is especially the case in the financial sector where it looks like quite honestly the nanny-state, nanny-minders, the international nanny-minders if you want to call them that, places like the World Economic Forum etc. and it's interesting because I look at the banking side of this and people have asked me you're very concerned about the liberty ramifications or the lack of liberty that will come if all of this is rolled out and then you can sort of talk dispassionately about the creation of mBridge and all this sort of new banking infrastructure that is being created in Eurasia especially. 

Well I look at it as two different things. The creation of the new Central Banking infrastructure for like international trade and the rise of BRICS and what they are talking about as a possible International Trade Currency and then this mBridge to create a platform where these different currency authorities sort of sit on me ridge of the "World Island" to use Halford Mackinder's phrase, how they are going to interact and how all that works. That's one thing, that is sort of bank to bank, institution to institution. My big concern is this notion of a Digital Wallet, a Digital Currency where all of your money, your ability to operate in the world financially which is going to impact you in every single way, shape or form in the modern world, I'm concerned about that part of it. Again trade currencies and sort of operations of reporting International Trade transactions between Central Banking apparatuses and their currency authority counterparts, that's one thing, and that has its up and downs and I could get into that, but not really the thrust of these videos. I'm talking about the retail level currency. It's going to be like China where all of your financial transactions have to go through your smartphone. Well what happens if it shuts down? And that's what we saw with CrowdStrike.

Now here we are sitting here in Thailand between the first reading now through Parliament of this whole Digital Wallet scheme - which by the way nobody can still explain to me at this point how exactly this thing's going to be funded and how Thailand isn't going into debt to the tune of two times more liquidity than exists in the banking system as we speak right now - how exactly that is not going to go on the back of the Thai people in terms of taxes in the future to pay it off even though we don't actually get money out of it. Anybody that ends up getting the “10,000 Baht handout”, just gets these digital tokens that they can turn on and off at will; they can choose where you can spend it and they can also choose what you can spend it on. So how this is even money doesn't even make any sense to me. 

But leave that part aside, it's all digitized. What happens in the future if there's a glitch in the system? Is Thailand going to lose her ability to do business? This is my point. All of this cashless stuff, it seems like a great thing to all of these technocrats in their ivory towers on their drawing boards. But when it gets down to the real world down here "with the mud and the blood and the beer", to quote Johnny cash, how's it going to work? And if it shuts down and just decides not to work, what happens to you then, as just a person, a rank and file Thai person or anybody here living in Thailand, and you can't access your money because "oh you get the blue screen" - we'll put that blue screen up on screen here, a photo of that. That's what everybody has been seeing in the West because they can't use any, they can't even use their cars in some cases. Teslas are coming up with these blue screens on them. So again is that what we want for our monetary system here in the Kingdom of Thailand?