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Let's Not Take Thailand Two Steps Backward

Transcript of the above video:

As the title of this video suggests, we are discussing the overall situation here and the statement, the thesis if you will is "let's not take things two steps backwards". I started thinking of this when I was thinking, things were looking great in mid-December. I made videos on this we saw the "Test and Go" scheme suspended and we also saw the situation where when they met at the beginning of that month, they said look we are going to keep entertainment venues closed until middle of January at the earliest. My position at the time was "okay" even on the rescission of "test and go" which I noted I think there is going to be serious substantial negative ramifications associated with that whatever, leaving that aside, things still seem to be progressing with forward momentum. I thought we were moving past this, I think we still are but the reason for this video is I have talked to people and there are all these rumors swirling around. They think there is going to be a bunch of clamp down and this and that. I just truly I am begging, anybody that is listening, if there is anybody listening that is really looking at this and has any kind of policy executive function with respect to this, please seriously examine the data. I am not going to get into that on here, it is not really my place to get into that in this channel but I have watched over almost 2 years now, let's think that through, we are now a quarter shy of 2 years of this. I mean massive economic devastation; huge swathes of the economy just knocked out. I was reading an article the other day, in fact I think I can cite it. I wasn't really intending to cite anything in this video but a recent article from the Bangkok Post, bangkokpost.com, the article is titled: A Bad Case of Deja Vu for Thai Tourism. Quoting directly: "The Tourism Industry which contributed up to 20% of GDP during boom years", (I think that is kind of a bad way to put it- "during boom years", no "during pre-March 2020 years") quoting further: "plummeted to 1.79% of GDP during the first half of 2021." 20% down to 1.79%. So to say that it has taken its economic toll is an understatement. 

Again the point of this video, and I don't really like making these videos, honestly. I would prefer to go back to talking about boring stuff like mortgages on Thai Properties or transaction fees on Thai Properties or K-1 Fiancé Visas, whatever. It got to the point to me where I was looking at this and you can't even do hardly any legal analysis at this point because this is just subsuming everything, this whole topic; shutdowns, lockdowns, the ongoing this, blah, blah, blah. At the end of the day, the legal sector is very much symbiotic in a way with the business sector and the banking and financial sectors. If these sectors are not functioning, there is no legal business. I remember my father was telling me, also he was an Attorney at one point, that when Walmart came in in small town America, middle America where I am from in Kansas, when Walmart came in and knocked out the merchant class, a lot of the lawyers went with it. Similarly to the situation we are in where you knock out all of the SME actors and essentially you kick out the pillars of the economy and there is effectively no running economy, well there is not going to be any legal service going on. There is not going to be much of anything going on with respect to legal work because there is no economy. You have to have an economy; you have to have people doing business for lawyers to be able to help facilitate that. 

So that is kind of the reason for the videos and I am praying, I am hoping we are supposedly having an upcoming another one of these meetings of the CCSA which I don't know at what point we all decided that this is the touchstone where everything is decided on how we are going to live in 2 weeks increments or 1 month increments at any given time, but setting that aside, please I am hopeful, I am praying that those who are making these decisions will look at this data because the data seems to me that this current iteration, whatever you want to call it, is far more innocuous than everything else. Frankly, and I have said this since I started looking at it, if we were looking at this data back in March of 2020 would we have done any of this? If the answer to that is "no" then should we be doing anything now or should we just be moving forward, living with this and getting on with our lives and doing business here in the Kingdom of Thailand.