Transcript of the above video: 

As the title of this video suggests, we are discussing the mBridge. For those who are unaware, mBridge is basically this protocol if you will that has been set up; it operates between the Hong Kong Monetary Authority, The People's Bank of China, Bank of Thailand and the UAE Monetary Authority. And basically, what they are trying to create is a payment protocol that operates basically here in Southeast Asia or the Global South you will, that can be utilized as a pathway of basically facilitating International Trade between all these countries. The way to look at it is, again it's not a new currency; everybody has been talking about new currencies. There are two ways to deal with international trade. You can create a new currency, the EU is a good example of that, the Euro, they created a new currency. Another way to do it is to just continue using one's own or nations' own already existing currencies that are already issued by the sovereigns but creating another platform if you will, to move those currencies around in order to facilitate trade. In essence, as I have discussed in other videos, it's kind of an alternative to Swift if you will is basically what mBridge is. 

That said, I was watching a recent video here on YouTube involving somebody I really listen to a lot who seems to kind of I don't know semi-like me or hate me, I don't really know because he seems to whatever, kind of from time to time kind of jab at me when we interact but then at other times we seem to get along, but at the end of the day I don't really care one way or the other. His analysis to my mind is very good and I think that he's got a good eye on what is really going on. I don't always agree with everything - his name is Tom Luongo - again I'll put the clip in the description below, but he gets a lot of analysis right. I think he really has a good eye for what's going on especially among some of the Central Banks, but as I have discussed in other videos, mBridge has sort of come out; BIS has come out and said look in mBridge can operate on its own, we're out of this, we're not going to mess with it, mBridge can just do its own thing. But Tom Luongo brought up a good point in the link that I'm going to put up in the description below. He specifically in that link gets into talking about the Thai Baht and I think he was just kind of talking off hand - he was using them as an example - but he brought up a really good point is he was talking about look under the old system and up until roughly August of last year, that old system was effectively still in operation, the LIBOR System, the London Interbank Offered Rate. That system was in operation, and they were utilizing contracts and things that were based on that system up until August roughly, and that has ended. Now SOFR - S.O.F.R which I can never remember what that acronym stands for - that is being administered by the Federal Reserve, not in London, it has now sort of moved back over to the other side of the Atlantic and is being administered by the Americans directly under the Federal Reserve. But the point being is it's looking like more and more as we're seeing this shift, the City of London's traditional role is waning if you will, or it's no longer being necessary, the services are no longer being necessary and as Tom Luongo speculates in that link, and again it's in the description below, he talks about the fact that in the future, we could see a situation where Thailand utilizing the Thai Baht says, “hey we've got mBridge over here. Why are we putting all these transactions necessarily through the City of London” or now that LIBOR has gone, can we just interact directly with the FED? Can Bank of Thailand just interact directly with the FED? We can figure something out there, we don't need the City of London to act as a middleman anymore.

And as Mr. Luongo pointed out, I mean again he may have been talking off hand, I don't know if this number specifically but he's thinking like that's like 8%, possibly I would think of Thailand's overall GDP, or maybe it's a huge chunk, maybe it's half of Thailand's GDP, whatever GDP exports make up here in Thailand, because again these are transactions where people are utilizing Dollars to Baht. Again, it's an exchange rate exercise but it has to move through this City of London mechanism, or it did in the past and again that seemed again based on what I was hearing from Mr. Luongo that would seem to have been picking up about 8% out of the overall Thai Economy. Well by utilizing mBridge from here on out and/or being able to interact directly with the FED in terms of sort of an exchange rate when it comes to the Thai Baht, does that mean Thailand can expect to basically "claw back" that 8% from the City of London? Is that what I'm hearing?

I don't know if that's exactly what I'm hearing and I don't even know if that's exactly the case, but it looks to be, or at least from where I sit that sounds like at least a plausible explanation for what's going on here and quite frankly, analyzing Geo-politics right now and what is going on in the international markets it's rather difficult because things are in sort of a state of upheaval or a state of flux if you will. But that said, the notion of Thailand being able to "claw back" 8% of her GDP or even 8% of just GDP as expressed in exports, would be a huge percentage of GDP the Thailand could get back and be actually productively then moving that Capital throughout her own economy. So exciting times. It remains to be seen if that is the case, but we will certainly keep you updated on this channel as the situation evolves.