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Ivan M. Paton's avatar

Lol - glad you enjoyed your trip to the land of smiles, or where I live in Bangkok it is still the land of facemasks!

You chose part of the country that has a lot of real beauty - Phuket to Krabi.

What you noticed about the 5G is absolutely true.

And it happened during Covid starting with lockdown one in 2020-the 5G towers were rolled out big time. Before that there was little 5G here.

And they propagandized the "cash is dirty" and you must pay with digital payments, and the government had a promotion of 50:50 if you paid with digital payments where the government paid 50% - billions and billions of baht were spent on this program - and it mostly benefited people who had money, jobs and businesses, while all the peoples lives and businesses that were ruined by the policies, got nothing.

Just like everywhere the wealth transfer was shocking as all the big businesses like 7/11 and Big C stayed open and the mom and pop shops were sent broke.

And if you search the World Economic Forum's partnership list you find all the biggest businesses here, especially banks are members! And for those that are not you'll find that Vanguard, BlackRock and Statestreet own a good chunk. In some cases like the Thai bank Krungsi Bank, the 5th largest, it is owned by MUFG, the Japanese financial group which is a senior partner of the WEF.

After the 1997 financial crisis, the IMF insisted that the banks must be sold off to foreign investors and would not allow local rich people to bail them out - which they could have done.

Thailand's banking system is a colony of the internationals.

Cheers.

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The King's avatar

Thanks! I’ve just had a free trip to Thailand!

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