Transcript of the above video: 

It is not often that I get a double dip of sort of folks that I watch out there in the ether of the internet that I get sort of like an exponential dose of them, but recently this happened. It actually happened, I'm going to go ahead; we will put this on screen. I found this from Camus on Twitter, on X, and there is a video, link is in the description below, we will put it on screen because I'm going to quote some stuff. But the video is of Max Egan who some people can say a lot of stuff about Max; I have watched him over the years. He is kind of out on, I hesitate to say The Fringe, but he enjoys being on the frontier of thinking, let's put it that way. And I think it came to his attention some of the stuff that's happened in the past few months with regard to Banking out here in Thailand and he did a video talking about some of that stuff, but in the video, he was actually quoting Martin Armstrong, who is also somebody that I've enjoyed. You know I remember years back they came up with that intellectual dark web, and I remember thinking yeah, these guys, no this isn't the intellectual dark web. That web gets increasingly more opaque as you get out further on the periphery, and that's not to say it becomes any less credible. If anything I listen to a lot of what folks who aren't necessarily picked up by the "mainstream" have to say. And frankly, a lot of folks that weren't anywhere near mainstream, are becoming mainstream. A perfect example is Jimmy Dore out there. At one time, I think there was a time where he had about as many subscribers as I did, then he exploded. Things change and what is at one time considered to be conspiracy theory or whatever, you later may see that those folks were ahead of the curve. I mean COVID was basically just a constant repeat of that. Something that was called a conspiracy theory of two weeks, and by the end of the narrative cycle, it would be like a day or two later they'd be like, "oh yeah, we're doing that." So again, I just thought it was interesting because Max quoting Martin Armstrong, it's like two great tastes thar taste great together; there's chocolate in my peanut butter if you will. 

That said, quoting from X, again from Camus' account: "Something quietly terrifying is unfolding in Thailand -- and almost no one outside the country is talking about it. Over the past months, more than 3 million Thai citizens woke up to find every bank account they own frozen." Yeah, look I've been reporting on this; it was in the aggregate. Over time there have been a lot of accounts that have been sort of frozen, you have got to go in, you have got to do all kinds of aligning your account with your phone number, which is just odd to me. Again, all of this having to do with Digital Banking; Digital Banking. Those of you who stayed in analog, you didn't even notice this stuff. But that said, it has caused some serious issues. Now bear in mind, it could be worse. Vietnam saw 65 million accounts shut down, so Thailand maybe trying some of this stuff - my personal opinion is the last government which was heavily influenced by the World Economic Forum as well as by OECD unduly by the way and I think in serious threat to national sovereignty here in Thailand in much the same way as pointed out in Trump's Executive Order regarding the OECD that came into effectively when he came into office - there are serious sovereignty threats from OECD and in my opinion from the World Economic Forum and all the ideas that they espouse. That said, again in Thailand I think some of this is being turned around, but it takes a minute. It's like trying to turn an aircraft carrier. It doesn't happen overnight. 3 million accounts though being locked out, is a problem, and we're seeing that this isn't great. As Max points out in the video, and I really do urge folks go to link in the description below and you can check out the video for yourself, talking about that, again he's quoting Martin Armstrong, but in there, he is talking about the fact that, hey vendors here in Thailand, as we discussed, they rejected it, and they said hey we're going back to cash. If anything, I think they may have made a fatal error in Thailand because the Thais see this; they see the threat it is to their own personal liberties, they see the threat that it is to their own personal finances and they are acting accordingly.

I get into a lot of this in a deeper dive in our paid news service. If you're interested in getting on the mailing list for that please feel free to email us, [email protected], we can get you on the list for long-form content emailed to you. Also while I'm talking my book, it's worth pointing out that my better half and I set up a restaurant here in downtown Bangkok. Pancake Palace, as the name implies, breakfast anytime, American breakfast specifically. We do have an English breakfast on our menu. We also have American Diner style food, including hamburgers, cheeseburgers, Sloppy Joe's, Buffalo wings, chilli bowls etc., we also have glass bottled Cokes just like the old days. If you're interested, come check us out, links are in the description below. We’d love to see you at Pancake Palace. 

But diving in further into this X Post: "Over the past months, more than 3 million Thai citizens woke up to find every bank account they own frozen. Overnight. No warning, no specific reason given. People couldn't buy food, fuel, or medicine. Banks just said, "investigating suspicious activity". And I have railed against this all the time it was going on, quoting further: "Many still can't access their money months later. Thailand rolled out the exact biometric/digital ID + transaction monitoring system now being pushed globally," - well it's important to point out, they kind of rolled it out, but the locals here ain't having it.  I mean very quickly thereafter vendors and things have stripped down their QR code stuff, they don't like using the digital stuff. I have noticed a ton of vendors at the street level especially, have gone back to cash. There has been sort of a, 'for every action, there is an equal and opposite reaction', there has been a reaction to this if you will - "and it instantly became the biggest real-world warning we've ever seen." Yeah, that's a good point.

Max points that out in the video and he's again quoting Martin Armstrong, who is pointing it out as well. And again, both of them, these guys, we have all sort of seen this coming. I see comments all the time where people call me naive and things, oh you still think XYZ. First of all, don't presume what I think, okay. How I present myself on YouTube and my own personal thoughts, if you were to just talk to me while I'm sitting in the Pancake Palace or something, again it's probably amplified and I am well aware it and have been well aware that a lot of this is rolling out. Why do you think I moved to Thailand to begin with? I saw the worst of this coming in the West. Now people can say well you didn't really escape it. Well I'm not in the digital system; I'm naturalized but I'm just some Thai guy hanging out over in Bangkok. I'm not all that worried about this on a personal level. I don't like it conceptually; I think it's going to a bad place. It's the same reason I spoke out against COVID, because I think it has taken society to a bad place and we are going to all regret ever having done any of this; all of us by the way. The Government won't even like having done this five years from now, if they suck all the liquidity out of the system and create a parallel market that creates all kinds of incongruities with regard to Taxation and all kinds of socioeconomic problems because people can't just be straight up in having private transactions between people. What I'm talking about is a system that looks very much like the last days of the Soviet Union, because there is just so much overreach that people just completely reject the state completely and then everything goes out on the black market. I have been in Ismailovo in Moscow; I've seen what the black market looked like in 1999. It's bad and it got there from incremental steps just like this. I can't think of anything worse for Thailand than to have its economy ripped apart that way, especially at the behest of undue foreign influence. 

That said, quoting further, and this is the point that Max brought up that I think is really salient, quoting further: "Retailers are now refusing cards and demanding cash only. Trust in the entire system has collapsed." I don't know that that's true. Actually the banking system itself as I have discussed in other videos - notwithstanding the hit pieces that were coming out from the Fitch - the Thai banking system itself which they themselves had to admit, is actually pretty sound. It's just all of this Orwellian nonsense that has been rolled out the past roughly 8 to 12 weeks, that's what everyone is sick of; that's what the confidence has collapsed in. We are not interested in having to have our Biometrics taken because I want to buy a thousand baht thing from Lazada; it's ridiculous. Quoting further: "Millions are pulling out of digital banking entirely." Yeah, there's been blowback on this. It hasn't gone I think the way, and Martin Armstrong has talked a lot about that and things that I've seen him talk about out on YouTube etc., where he said, "look, these folks, these so-called Global elites or whatever, they're not even the elite. These are bureaucrats; these are these supranational bureaucrats. They think they're part of the elite but they're not, and if you go back, I think it was Julian Huxley, Aldous Huxley's brother who first set up, was it UNESC?. I remember him talking about that where he said, "we want to roll out this system, and certain people that will help us with it will think that they are part of it and they're not." And that is kind of what I think is going on here, and at the end of the day, millions aren't necessarily pulling out of the banking system, they're just pulling out of this digital stuff and as Martin pointed out, these so-called elites, these bureaucrats think that by tracking and tracing everything tax revenues will go up, when the reality is it's exactly the opposite. People will just opt out of that system, they won't play the game and like we are seeing with the Thais at the street level, they'll just go back over to cash, or they'll go over to gold. Here in Thailand, the gold price is through the roof just like every place else and Thais actually use gold effectively monetarily, in something of a quasi-barter scenario, but they can totally go over to that, in a heartbeat, and stop using the banking system. They can effectively use the gold system as the banking system, just completely opt out of all of this, and just let it burn on its own or rot away, and then just move on and that may be what is happening here. That said, quoting further: "This is what "you'll own nothing and be happy" actually looks like when the switch is flipped." Yeah, well put and that's what I think was attempted here, but frankly WEF or whoever came up with this, you picked the wrong country. Thais simply aren't going to put up with it. Now, you might not see some grand hue and cry from them, but they'll just quietly opt out and not participate in your system, which is what is happening.

So again, the point of this video is more or less just kind of fleshing all of this stuff out also pointing out that the world is watching. I have got to be honest, I don't think there's any of this banking stuff this summer and I think most of it can be laid at the feet of the rump coalition government that we had to deal with for roughly 12 weeks during this past summer, I think most of the blame can be laid with them. I mean when they are for having the World Economic Forum Envoy to the Purple Room with the PM, you can pretty well sort of see where this is all emanating from. 

That being said, it's bad policy. As I have talked about, it's going to suck liquidity out of the overall economy or out of the “formal” economy in favour of the informal economy in a situation kind of akin to Gresham's Law, as people run over to a system wherein they can operate privately and they don't have to have them all of this scrutiny and all of this, just: I mean the thing that I hate worst about all of this is a year ago this was one of the easiest places to Bank in the world. You could transfer money instantaneously to somebody; you needed something done, you wanted to buy something, boop, boop, boop, we're done; the transaction is over. These days, they have just added all kinds of neo-soviet hoops you have got to jump through. Again, all this digital banking was supposed to be so convenient, so easy to use, and now what is it. You have got people lined up outside the bank to get photos and things taken to access their own money? How is that easier? And meanwhile, this notion that "oh somebody may have sent you money from a scam account, therefore we can shut down your scam account". No due process, just whatever. It's nonsense, and the reason that it's nonsense is the reason people are opting out. And look, I think this will ultimately prove unsuccessful. The problem is how long will it take to prove unsuccessful? It took 70 years to prove that the USSR didn't work and the people that had to live through it, probably gained small comfort from the fact that it was later determined to be an unworkable system. So I'm hoping we learn sooner rather than later here in Thailand that this is a terrible thing and move on with our lives.