Transcript of the above video: 

So it appears that our new Prime Minister here in Thailand, Mr. Anutin Charnvirakul, has chimed in regarding some matters involving Banking, and I think in kind of an oblique way may have addressed some things that are concerning to the expat community especially right now, but are increasingly becoming of concern to Thais, that is namely the so-called "freezing" of Thai Bank accounts. I have done videos on this already; everybody knows sort of my problems with it. That said, let's just jump in here. I thought of making this video after reading a recent article from the Nation, that's nationthailand.com, the article is titled: Thai PM calls on Banks to Inject Liquidity as Government Seeks 'Quick Big Win' Economic Recovery. Quoting directly: "Thailand's Prime Minister Anutin Charnvirakul has called upon the nation's banking sector to dramatically increase liquidity injection into the economy, particularly targeting small and medium enterprises (SMEs) struggling with mounting debt burdens and limited credit access. Speaking after Monday's high-level meeting with the Thai Bankers Association, the Prime Minister outlined the Government's urgent need for financial sector cooperation to address what he described as Thailand's most pressing economic challenges: SME debt, household debt, and restricted credit accessibility."

So one, I do commend Mr. Anutin for not taking a more, for lack of a better term, Keynesian like approach where, “oh let's do it through government debt.” No, let's go to the banking sector and say, "hey where you can, can you can you get some money out on the street" - to use kind of some street slang - "so that business can kind of get moving along." I like that. Can we grease the skids a little bit and get this thing moving. And we are talking about Commercial Banking here, so we are talking about loans in the small to medium sized enterprises that will actually be, oh I don't know, enterprises, not the creation of a digital tracking system to track and trace all of our financial transactions with "tokens" that can be turned on and off and have a perimeter of usage etc. So hey, off to a good start compared to the last Government that we had to deal with over here. 

That said, now I've done a bunch of videos recently talking about issues associated with just all of this freezing of bank accounts associated with so-called "mule accounts", and I even did one contemporaneously with this video where I am discussing stuff like the due process elements associated with, "oh it's a mule account, and it sent money to another account and now the money it sent money to is being frozen," and just all the problems inherent with that. I just again where is the due process in that; it just seems nonsensical to me. And I think if you read between the lines a little bit, I think maybe Mr. Anutin might be kind of aware of this as well. So going over here to Thai PBS, so it's Thai PBS World, that is worldthaipbs.or.th, under the headline: PM urges Banks to ease lending to SMEs, help household debtors. If you go to the last paragraph in that article, and I urge those who are watching this video please go check out both of these articles for further edification on this topic. That said, quoting directly: "He noted that what the government needs to do, however, is "connect the dots", putting together separate pieces of information, events and ideas, to understand the big picture and solve the problems." So without saying so - one thing I have noticed about Anutin over the years, he can be very precise in his language and be very politic in his use of language - he's not going out there saying, "hey, stop shutting down everybody's bank accounts, that will get money moving faster." And without going out there and saying, “hey, stop capping out at 50,000-baht, people's ability to transfer money digitally." He's saying maybe "connect the dots", understand the big picture, solve the problems, put together separate pieces of information. Perhaps the reason there is a lack of liquidity is because you are freezing the accounts. Let's use those two words together in a sentence: "a river is not going to be particularly liquid if it's frozen." Again, it makes some sense. Let's connect the dots, put it all together and you can kind of see, one quick way of figuring out how to stop the lack of liquidity would be everybody get off people's backs in the banking sector and let us all do business. And by the way, perhaps use actual investigative tools and due process of law before shutting down people's bank accounts, rather than what I can only surmise are just directions from some Al algorithm, and to the best of my knowledge, no legal basis at all to shut these accounts down. I don't see where the legal authority is at to do that. 

But that being said, I find it interesting that he uses this kind of roundabout language to say, "hey let's connect the dots and figure out how best to “inject” liquidity into this system." Now that said, I may be reading too much into this. I don't think I am. I've watched him for a number of years. I think he kind of gets the bigger picture if you will. That being said, it remains to be seen how this "bank account freezing" stuff plays out. We will certainly be keeping you updated on this channel as the situation evolves.