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ResourcesVisa & Immigration LawThailand Immigration LawAre We at the "They Just Do It" Stage?

Are We at the "They Just Do It" Stage?

Transcript of the above video: 

As the title of this video suggests, we are posing the question are we at the "they'll just do it" stage? And used the thumbnail; the thumbnail is in reference to a clip - I will put a link in the description below to the clip - it's from the film X-Men 2. And as weird as it sounds there's actually a really, I shouldn't say that's weird, comic book movies can be good too, but there's a scene, it is almost kind of unexpected when you watch the film, where Magneto gets up and people forget that Magneto had been in a concentration camp in Germany during the war, and there is a scene where the mutants are talking, and they are having, I don't know what you would call it, it is basically a Town Hall meeting, because people are saying that they want them to have to register as mutants for public safety or something of this nature, and there is a guy up talking and he is saying, "hey we need to get ready; we need to talk to relevant authorities; we need to form a committee, let them know what our views are, what our demands are sort of thing. We need to talk with them and then at one point they say, "Well they are coming after us", and they say, "nobody is talking about anybody coming after you", and Magneto basically says, he stands up and he says, "nobody talks about it, they just do it". Then he said, "one night when the air is still and the night is falling, they will come for you." 

Now I'm not here to raise up a bunch of hyperbole here, but on the issue of banking, I think at a certain point, we have to start looking at the realities of the situation and I think Magneto's Ian -McKellen the actor who plays him does a great job in that scene by the way, it's just an amazing little scene in the middle of a comic book where you have this almost like Shakespearean kind of moment - but the point I am trying to make here is we are at a crossroads, well we are not at a crossroads, we have kind of come through the crossroads. It is clear to me at this point, they are already doing biometric facial scans for you to be able to get your own money out of your bank. They're freezing accounts so-called here in Thailand on the basis that they “might” be a "mule account" even though there's no due process beforehand. I have real problems with the legality of all of this on the basis that where's the due process, where's the Court Order to freeze an account, or is it just being done algorithmically by some computer program? And if so, apropos of what? So that's the first sort of point of this. 

That being said, Thailand is less to my mind the example of what we are likely, well not likely to see. Again, much like with COVID, I think if people voice their concerns adamantly and especially, look voting with your dollars, voting with your money, voting with your baht, however you want to put, voting with your Dong in terms of the Vietnamese currency, pulling your money out of these institutions and moving them to other institutions that aren't doing this kind of thing, look at the end of the day we are the customers; that's something to keep in mind. 

That being said, I made this video because the banking system, it's clear to me that there are moves, call it from offshore undue influencers of various stripes - I think OECD is primarily involved in all this, and I have also discussed the World Economic Forum - but we are past the point of "are they going to do it?" We're in the "they just do it” phase. They are doing it. Vietnam is the perfect example of this. 86 million bank accounts were just frozen, well not frozen, closed. And when I saw it, I was just like "what?" In fact I made an initial video where I said 86,000 because my brain just didn't compute that 86 million bank accounts had been closed in Vietnam. Meanwhile, over here in Thailand, not that bad by a long shot, but again I have got serious problems with this just freezing people's accounts. They have been capping the amount of digital transactions people can do which again, this whole thing was sold as "oh, digital banking is going to be more convenient, it's going to make things more efficient." It's done everything the opposite of that. If anything, it's Sovietized banking now where people are standing in line and waiting around for hours to fill out paperwork to get to their own money sometimes. And meanwhile, what is this doing for liquidity? What is this doing for the velocity of money? Thailand would be in a way better position if money was just moving about freely so we could get things done and be productive here.

The fact of the matter is OECD represents a consortium of failing economies; that's the fact of it. It's almost like a Ponzi scheme. They are trying to pull in jurisdictions like Thailand and Vietnam so they can parasitically suck off of them because they are failing. Other jurisdictions are not. They are basically setting up their systems to allow for more velocity of money, more liquidity, more productivity. Thailand, I don't think we want to climb into this tomb with some of these other economies because it's not going to lead us to any place beneficial, and again we are here now. We have to make this call. Do we want to be a vibrant economy? Do we want to be the country I fell in love with where people can just do business? If you need to move 200,000 Baht to somebody that is a contractor because you need to build something for your new business, boom! Done, there's your money, cash in hand. That guy can then go out and pay his people, get his supplies, get things moving. Or do we want to be a nation that has basically got to stand in line for days or hours or whatever on end to just get your own money, to be able to do your own business. Is that the way we want to go? I don't think so. But what we need to be realistic about, and that scene in X-Men 2 does a good job of elucidating that, where he's saying, "hey we're beyond this. It's not about talk; they just do it. They've done it." We need to view the situation for what it is. 

Here at our firm, we are assisting a number of people in moving bank accounts, changing bank accounts. I have had people that said, "hey you helped us get this bank account in the first place". I never in a million years dreamed that some of these banks would do the things that they have done - I am thinking of one big one in particular - but I never in a million years dreamed that they would do this. I thought it was completely anathema frankly to Thainess itself to do this kind of thing, but here we are. And look I have seen it firsthand. I think we made errors in how COVID was applied, or the COVID narrative or whatever you want to call it. Thailand turned that around; they saw the error, and they moved on from it. I think we can do the same thing again here with regard to this banking stuff, but we need to be clear on where we stand, where we're at and we are beyond the "they will talk about it". They are doing and we need to now decide here in Thailand if this is what we want because this is the road to ruin. Countries that do this stuff, that start jamming up their liquidity systems and start messing with the velocity of money that make people have to go through all sorts of red tape, and I'm not talking about legalities now, these aren't legalities. These are just banking protocols that are just made up apropos of nothing. It's the whim of these private banks, which by the way are supposed to be businesses that serve customers. They're not administrators of the public as if we are a bunch of sheep or chattel or something. It's ridiculous. We have to decide at a certain point do we want to go down that road, or do we want to join the countries that are doing like quite the opposite and having production and productivity, because productivity is what's going to keep us going, and what's going to keep Thailand vibrant economically moving forward. It is a difficult point in time. We are at a crossroads, or we passed through one and we have to decide if this is the way we want to keep going or maybe we want to turn back and go down a road that's more conducive to liberty for one, which is of foremost importance more than anything, but also to actual financial benefit.  Because we have seen the template for where this leads and it is Soviet Russia and Soviet Russia didn't work economically. It was terrible. It was a Hellscape economically, where you have to go sign up and do all this stuff and go through all this rigamarole to move around your own money, that is not an economy that works very well. So hopefully, we will see this change sooner rather than later and we will certainly be keeping you updated on this channel as the situation evolves