Transcript of the above video: 

So I want to preface this video by saying I don't like making these videos okay. I've seen comments out there, in social media, on the channel and things, where I've made videos about this and I get accused of all kinds of things like I'm Don Quixote out here tilting at windmills and quite honestly, I'm not. The World Economic Forum has been very open about their designs. They literally say they want you to "own nothing and be happy". The OECD is a supranational organization; the President of the United States himself said that they are a direct attack on National Sovereignty - them and their policies - this stuff is not pie in the sky, this isn't fantasy world anything, it's real, and it can have a tremendously detrimental impact on Thailand, and I think it is. Let me dive into it here.

I thought of making this video after reading a recent article from the Pattaya Mail, that is pattayamail.com, an article I didn't really enjoy reading in the sense that it was an okay article, it is very insightful, I urge those who are watching this video go check it out, but it's some sad stuff here. The article is titled: Once recession-proof, Pattaya's restaurants now face soaring costs, vanishing diners, and a recipe for urgent relief. Quoting directly: "Restaurants across Pattaya are sounding the alarm as rising costs and dwindling customer spending threaten their survival. Business owners say urgent government support is needed - or many beloved local eateries could disappear for good." 

Well the first thing I would say is hey, let's back off on this whole notion of Government support, okay? That has been the problem. To paraphrase Ronald Reagan, "Government is not the solution to our problem, Government is the problem." And I'll get into the analysis of why they are the problem because they are a major contributing factor in all of this. Quoting further: "From skyrocketing cooking gas prices to the cost of ingredients and wages, kitchen expenses have reached unsustainable levels." Well does everybody remember the Digital Wallet handout I was talking about and one, how bad the Digital Wallet was going to be? And thank goodness the Digital Wallet itself did not gain a great deal of traction. Because if it would have, then presumably all of our money at this point would be tracked and traced and you would only be able to spend it in certain zones and sectors and on certain things - which they admitted was what they were planning to do by the way, and I was quoting source material from primarily the Bangkok Post at the time talking about that. So that wasn't again some fantasy notion that I had just come up with. That said, that handout itself we're seeing the ramifications of that. When you take a bunch of money and print it up - because that's what happened - and just hand it out to everybody, you get inflation in the form of rising costs because you have more paper chasing the same amount or because demand then goes up because of the wealth effect where people now think they're more wealthy and they go out and buy things, now it's chasing around fewer goods and services; that's inflation. Who came up with that? The Government. Which Government? This one, the Core Coalition Party. This was their big plan only they wanted to do it digitally so they could track and trace everything and control you completely. So let's not forget where this came from, okay? “Government relief”, I don't think should go together; that's an oxymoron. Quoting further: Quote: "It's not just rent anymore - even buying oil or gas to cook basic meals is hurting our margins,” said one longtime Jomtien restaurant operator. Adding to the pressure is a noticeable drop in domestic spending.” – I will get into that in a minute – “Many Thai customers are cutting back, and foreign visitor spending hasn't returned to pre-pandemic highs, particularly among budget-conscious long-term guests.” Well it hasn't because we had three years where the economy was completely shut down and we went into a total dearth, again driven by the Government at the behest of the World Economic Forum and their idea that we had to have this reset, we were all going to lock down and we had to have pandemic vaccine passports and mandatory this, that and the other thing and they could tell us what to do and shut down all of our businesses for years on end. We're still feeling the aftershocks of that, just like we can feel aftershocks from an earthquake, okay? This is what we're dealing with here, alright? And as to foreign spending, which I will get to more in a moment, the new OECD inspired tax policies which primarily began becoming problematic as a result of the memorandum promulgated in quarter three of 2023, yeah. We are now more than 180 days into 2025; you have freaked out all of the expats; you have freaked out all of the frequent travellers. They don't want to come in here and spend the amount of time they used to spend here because they are freaked out that they can get hit with some unforeseen tax liability and guess what? They are not here and that means they are not going to these restaurants, they are not here spending the money." Quoting further: "Once seen as a recession-proof sector, the food industry now finds itself in survival mode. As the old saying goes, "No matter the crisis, Thais must still eat" - well again, this is talking about Jomtien. It is not only Thais down there. It is foreigners and the foreigners are freaked out because of all this tax stuff - Quoting further: "But these days, staying afloat is no longer a given. Soaring living costs, surging household debt, and declining consumer confidence - compounded by unpredictable global conditions like trade tensions and sluggish tourism - have led many Thais to tighten their wallets. The result: a dramatic slowdown in dining out." 

Well look, all of this can be laid at the table of foreign influence. It just can. This isn't me being xenophobic; this isn't me being here ranting, again tilting at windmills. The WEF came along with their brilliant COVID idea, shut down our economy for 3 years over virtually nothing, over something that now was clearly at best an over exaggeration, if not an outright fraud. Meanwhile, then we have allowed this foreign influence in the form of the OECD with their brilliant idea of this sovereignty infringing tax situation, where now all the foreigners are all freaked out that if they spend a day over 180 days in Thailand - it's actually 183 days, but whatever - they spend more than half a year in Thailand, they are going to end up with all this unforeseen tax liability, or even if they don't have liability, they are going to have to deal with a bunch of extra paperwork and nonsense that they have to go through. And again, we have seen a bunch of foreign Interlopers in the form of foreign tax agents, literally coming in here trying to drive this narrative; I've done the videos on that. I've added it all up; it's right there and what are we getting out of all of this? We are watching Thailand's economy become more and more like the West every moment and that is very, very bad okay. I understand that throughout Thailand's history, she has had to in a way, understand what the West is doing and then sometimes do things that are in her own interest; sometimes she had to kind of mimic the West because it was in her own interest to do so. Those times are over. The West is not in my opinion something to overly mimic anymore. Now there are parts of the West which are better off than other parts. For example the United States I would say, certain aspects of that economy, probably better off than certain aspects of Western Europe. But that said, I think the era of Thailand needing to sort of get her ship if you will in line with the Western ships has come to an end. Thailand needs to make her own determinations now about her own internal policies and they should not in any way be influenced any further by any foreign notions. Because this is what we're going to get. We are going to get more of this. It is not going to get better; it is going to get worse, okay. And the reason it is going to get worse is it is more this technocratic nonsense that basically just wants to extract wealth and allow these technocrats to live off that wealth off the people who actually create value. Thailand's greatest strength when I came here some nearly 20 years ago that I could see, was that at her fundamental level, yeah there was this sort of overlay of a foreign sort of financial system that was here that happened with the '97 thing, but the fundamental economy was sound and solid but we let all this a foreign influence come into Thailand - things like all the tracking and tracing with everything associated with Banking and now everybody wonders why all the economic activity has seized up. Well nobody wants to go through the nonsense and the hassle of moving 1,000 baht when you used to be able to walk to a cash deposit machine, put it in the machine, type in the person's bank account - boom there you go. You didn't need to give your ID; there wasn't all of this nonsense about anti-money laundering and stuff. Yeah okay if it's millions of baht moving around fine, maybe there's an ID requirement, but for a few thousand which was the vast majority of the transactions that were occurring on a daily basis which drives the underlying economy of Thailand, now that's all seizing up, again because of this WEF totalitarian nonsense coupled with this technocratic OECD: we're going to do all this sovereignty infringing offsets and all of this good stuff; tax credits; double tax treaties. There are valid times where these things should apply, especially in a corporate context. I completely understand double tax treaties and putting all of that, but where this supranational organization that apparently accounts to no one, is going to dictate what tax policy should look like in Thailand and other countries, to what end? All it's doing is driving away our sort of long-term travellers here and it's driving away folks that might come here as tourists too, because they kind of look at everything and like it is kind of a hassle. Then meanwhile, we have got visa policy on top of everything else where they have tightened up everything associated with sort of the standard Retirement Visas because they are trying to roll out these visas that will attract more rich people or something, but again as I have talked about in other videos, if you want vibrancy in the economy from tourism, volume is going to do more for that than just having a couple of super rich people here okay, as evidenced in these restaurants because again it doesn't matter how rich a person is, they only are going to eat a certain amount of times a da. Meanwhile if you have more people coming in, then those people are going to fill up your restaurants.

So the thing I think should be taken away from this video at this point is look, yeah there are some fundamental issues within the economy; yeah, there is slowdown again in the West, that could have an effect in terms of tourism, but we're sitting here in the middle of the low season, okay? We can look at this pretty dispassionately and look at what's really the root cause of this and I think it unequivocally is clearly the result of foreign influence and policies being implemented in Thailand that are influenced by the WEF, the OECD and this kind of thinking and it's having just a tremendously detrimental impact on the country as a whole.