Transcript of the above video: 

The title of this video might not be so overly explanatory so let me just jump in.  I received this from both I think maybe a client, as well as a viewer. They emailed it in under the subject line, Banking Issues. Quoting directly: "Ben, thought you might find this interesting. As an incoming Freshman, my son was registering for classes at a university here in Thailand on 10th of April. Unsure of what tuition would be, I signed into my - (I'm going to leave the name of the Bank nameless) - my Big Bank account on my computer to increase my daily limit. Received a message that my phone number was invalid, OTP required." So that's the first one, that they have been hassling everybody with ever since OECD and the World Economic Forum all came trundling in here trying to change up everything in Thailand's banking system, and the new one is "oh, your phone has to be connected to your Bank Account; your this and your that and every other thing has to be connected." Okay, fine. I mean again, it's associated with digital transactions but it's just getting more pervasive; the overreach is just crazy. "Received a message that my phone number was invalid, OTP required. Earlier in the day after transferring to other accounts, I had received messages on my phone. Same number. So on my - (we will say another Bank) - mobile app, I requested an increase in my daily limits with them. At 4.31 am. next I received this message. 'Your current daily limit is appropriate for your needs.' Quoting further: "As you have discussed in many videos, "whose money is it?" Ended up giving credit card details to my son over the phone to complete payment at a 1% service fee by the school." - and it was not insubstantial - "my wife and I moved" - well they came to Thailand about the same time I did - "my, how things have changed." I’m trying to keep this person anonymous; tip of the hat to that person for sending this in but going back to this. So went to deal with one bank and it was all kind of hassle associated with the number being invalid, dah, dah, dah... OTP, all of his, and then goes to another bank that this person had and when trying to up their limit, their response was, "your current daily limit is appropriate for your needs." 

I think for the thumbnail I may use Hal from 2001 a Space Odyssey, you know, "I can't do that Dave. Your current daily limit is appropriate for your needs Dave." What is this? Who's who? Whose money is this? Who's the customer here?  Where do these people get the right, and you know what, I'm not even certain Thai Banks, at least on a commercial level, are really in love with any of this frankly. It feels to me like supranational overreach, undue foreign influence on the Thai banking sector that is having tremendous negative ramifications overall for the economy and for people that are living here, just trying to live their lives. What do we want? Do we want a Digital Soviet Union because that is what we're aiming for. This is going to be awful. Is this how we want to live our lives? Where we get messages at four in the morning that says, "oh we think that this just it's okay, you'll own nothing and be happy. Go be happy." It's ridiculous. I really am worried. I'm really worried for the Kingdom of Thailand. I'm really worried for this place because what could happen here if this becomes more onerous? What happens if people start pulling out their Capital just because the banks are just too much; people eventually will throw up their hands. It's not good, and meantime, this is the most antithetical thing to being Thai that I have ever heard of. "Your current daily limit is appropriate for your needs, and we will dictate that to you.” 

Thailand stood as the bulwark against Communism. When all the other so-called Domino's fell Thailand held, and it held on the notion from everything I've read, that Thais are free. We don't have to receive messages at 4.00 am. saying that "oh, our spending limit is enough!" This is ridiculous and I hope it stops.