Integrity Legal - Law Firm in Bangkok | Bangkok Lawyer | Legal Services Thailand Back to
Integrity Legal

Legal Services & Resources 

Up to date legal information pertaining to Thai, American, & International Law.

Contact us: +66 2-266 3698

[email protected]

ResourcesThailand Real Estate & Property LawJurisprudenceDoes Thai Banking News Denote a Weak Economy?

Does Thai Banking News Denote a Weak Economy?

Transcript of the above video: 

The title of this video may not directly convey the message I want to convey with this video, and that is Thailand doesn't have a weak economy, okay? And the point of this video is to show, is this the indicia of a weak economy. I thought of making this video after reading a recent article from the Nation, that's nationthailand.com, the article is titled: Major Thai Banks gear up for New Year with billions in cash reserves. Quoting directly: "5 top banks have set aside 154 billion baht in reserves.." - that's cash -"..for festive spending, while the Central Bank will also earmark 80 billion baht to meet higher demand for cash. Thailand's five major commercial banks are setting aside more than 154 billion baht in cash reserves between them, to accommodate consumer spending.." - this is the exact kind of spending all these internationalists and globalists and everybody and all the World Economic Forum tell us is so necessary for a good economy, and then meanwhile out of their same snake like fork tongued mouths, they say that Thailand's economy is lagging and we need stimulus, so we need to go into all kinds of debt and put our future generations of Thais into all kinds of debt because we are lagging and blah, blah. Does this sound like a lagging economy? Do the banks with a liquidity of 154 billion baht ready and raring to go to hand out to the consumer public, does that sound like an economy that is moribund to you? Quoting further: "..between them to accommodate consumer spending during the upcoming New Year festival. This is less than the 174 billion baht set aside for the 2024 countdown."  Yeah, but do you take into account the extra 80 billion the BOT is backing it up with? If you put those two together, you have got 234 billion. Why are you trying to make Thailand's economy look bad, International press? Is there some kind of agenda here to railroad the Thais and the Thai people into some kind of cow pen that is not going to be to any of their advantage? Quoting further: "The banks - Bangkok Bank (BBL), Krung Thai Bank (KTB), Siam Commercial Bank (SCB), Kasikorn Bank (KBANK), and Bank of Ayudhya (BAY) have each earmarked a set amount to ensure customers have sufficient access to cash during the long holiday weekend from December 28 to January 1." 

That's great, and to my mind this is a perfect indicator of a pretty sound economy going on here in Thailand. And also noteworthy, a nice little cash economy which the WEF people, the World Economic Forum and the globalists and all of these people who seem hell bent on wanting to colonize Thailand, they look at us like a fatted pig and they are trying to take it to slaughter, this cash economy stuff is things they hate, because they can't totalitarianly track us and trace us and surveil us with all of our spending and all of our consumer habits, quite frankly. They want to take away all of our privacy and they are trying to use the notion that Thailand is in some kind of economic dire straits as a pretext for doing that. Well don't believe it. Look at these numbers, they don't lie.