Transcript of the above video: 

As the title of this video suggests, we are discussing OECD; that's the Organization for Economic Co-operation and Development. As we have discussed in other videos, this is the organization Thailand is now talking to as it's engaging in some kind of five-year process of possibly joining. Again as discussed in other videos, it's not a foregone conclusion that Thailand will join the OECD so don't make that sort of assumption. 

Now that said, it is going through this harmonization process and as we've discussed in other videos, there's a lot of associated with banking transparency if you will; in my opinion it's lack of banking privacy associated with the OECD, surveillance of transactions, surveillance of bank transfers, but I have seen a lot of folks out there talking about "well I'm just going to go somewhere else!" 

Well I thought of making this video on that topic after reading this article in the Pattaya Mail, that is pattayamail.com, the article is titled: Does Thailand really want humble expats anymore? Quoting directly: "It's worth recording that Thailand is one of around 140 countries that have agreed to share with each other International banking transactions of individuals,.." I mean this really is pretty pernicious. I am quoting that again: "140 countries which have agreed to share with each other International banking transactions of individuals". You mean the banking transactions of their own citizenries with outsiders?  Is that what you mean? Quoting further: “..under the Organization of Economic Co-operation and Development which opposes tax havens and money laundering." 

As discussed in other videos, one, Thailand has never been tax haven. It has never been one. I discussed that in videos I made years ago, nearly a decade ago. Thailand has never been a tax haven. Meanwhile, money laundering? I'm really tired of that term. As I explained in another video, that is arguably one of the most effectively propagandized terms I've ever seen. That term did not exist in the legal lexicon prior to 1987, and when you really think about what they are saying when they say ‘money laundering’, it means just moving your own money around in such a way that the Government does not approve of it. That is really what it means. Now the point of this video, sorry to get off on a bit of a rant, but let me quote further. "If you flee to Cambodia or the Philippines as a wannabe tax exile, remember they are OECD members too." Yeah it’s a good point. At the end of the day there's not a lot of places you're going to be able to get away from this, for now. I think it's worth noting, the world is changing and it's changing fast and I think many of the people who are operating in the world especially those who operate in the value for value economy and not the hyper-Keynesianized, super financialized paper chase economy, especially in the west, the folks that are in the value for value economy, I think they just want to exchange value and they appreciate I think the importance of financial privacy and the ability to have some privacy in their financial transactions, in their business transactions.

So for this reason, I would say perhaps for now it's not exactly possible to hop over to Cambodia and avoid this. There may come a point in the future where the OECD may not be the big bad boogeyman it currently is perceived to be.