Transcript of the above video: 

Issues pertaining to banking have been especially poignant it seems or acute recently. They have come to my attention a lot especially, I have talked a lot about all of this move towards 'cashless' and all of these seemingly major tectonic changes to the international trade and banking systems are happening sort of all around us. I've often said to friends and family and things that I view Thailand as sort of standing in the middle of a kaleidoscope if you will as it spins around it and everything sort of changes. 

That said, I thought of making this video after reading a recent article from the Pattaya Mail, that is pattayamail.com, the article is titled: Visa differences impede progress towards a Schengen-style south east Asia. The thrust of that article goes in a different direction than we are going to go in this video so I urge those who are watching this video, go check out that article for more insight. Quoting further: "The Russian private lender Tinkoff has started making Thai Baht transfers through the Swift messaging system which may explain to some degree why Russians love Thailand. The Russian Bank in fact sends funds to around 30 countries including China and Turkey but some of Thailand's regional partners are unlikely to agree to link up with Tinkoff without lengthy discussion." 

Yeah again, this is just another sort of data point if you will on this overarching trend of major changes in terms of international banking as well as international trade. And as you can see, market actors are kind of like water flowing downhill. They just do what they do. They slide into the cracks, they go to the lowest place they can get, that's what it does. And what you are seeing here is the market trying to react to the various restrictions internationally on transferring funds into and out of various countries, in this case notably Russia, and it's interesting that the Swift system is being utilized in a Thai Baht capacity; exactly how that plays out remains to be seen. 

That said, we have discussed in many other videos the so-called mBbridge Platform which is associated with transfer of money along ‘nodes’ outside of this newly emerging Eurasian Economic Block and we will continue to make videos on that. But I'm here to tell you, I think from a practical standpoint, banking in Southeast Asia is going to get more interesting especially for certain nationalities moving forward.