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Will The US Government Ban TikTok or Is It All a Big Political Game? · Earn Your Leisure

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• 1:00
  Speaker 1: The House of Representatives passed the bill.
• 1:04
  Speaker 3: And pretty wide margin bipartisan support to ban TikTok from
• 1:11
  Speaker 3: America unless they sell.
• 1:15
  Speaker 1: To an American company or American owner.
• 1:18
  Speaker 3: They're currently owned by a Chinese company by Dance, and
• 1:23
  Speaker 3: they say that, you know, there's issues on security. There's
• 1:27
  Speaker 3: issues that you know, the Chinese has so much data
• 1:31
  Speaker 3: on Americans.
• 1:32
  Speaker 1: The Whost Bill, So now it's passed the first hurdle.
• 1:36
  Speaker 3: The next hurdle is that it has to go through
• 1:39
  Speaker 3: Senate and we'll see if the Senate passes it the
• 1:44
  Speaker 3: President that after that then it will go to the
• 1:45
  Speaker 3: President to sign into law. He already said at the
• 1:49
  Speaker 3: State of the Union that he would sign it if
• 1:51
  Speaker 3: it got to his desk. So two of the three
• 1:53
  Speaker 3: hurdles have been passed. Right Essentially, the President said he's
• 1:56
  Speaker 3: going to sign it. The House has already passed it,
• 1:59
  Speaker 3: so now the balls in the Senate's court. It's up
• 2:02
  Speaker 3: to them to see what they're doing. The former treasure
• 2:07
  Speaker 3: secretary it's putting together an investment group to buy TikTok.
• 2:13
  Speaker 1: There's been talk about conflict and interest.
• 2:15
  Speaker 3: Remember Meta tried to buy TikTok years ago and it
• 2:18
  Speaker 3: got blocked by the government. They said it would cause
• 2:21
  Speaker 3: a monopoly. So there's definitely been interest in a variety
• 2:26
  Speaker 3: of American corporations. The TikTok CEO has been very vocal
• 2:30
  Speaker 3: in trying to drum up support to stop this from happening,
• 2:33
  Speaker 3: to stop the force sale. So this is a very
• 2:36
  Speaker 3: interesting time that we're in right now. So what is
• 2:41
  Speaker 3: the thoughts on this TikTok situation and how could it
• 2:46
  Speaker 3: potentially play out for the economy.
• 2:50
  Speaker 4: My first thought was and shot the promanium for making
• 2:52
  Speaker 4: this video. But my first thought was, out of all
• 2:55
  Speaker 4: the issues that's going on in America, food crisis, racism
• 3:00
  Speaker 4: at scale, poor education, poor food, boeing, your planes won't
• 3:07
  Speaker 4: stay together, you're using cheap manufacturing to put planes to
• 3:10
  Speaker 4: fly people across the country. Houses the one thing that
• 3:12
  Speaker 4: everybody can agree upon to pass as a bill. If
• 3:17
  Speaker 4: Zuckerberg had his hand in his well played, because TikTok
• 3:21
  Speaker 4: is a dominant force, now a shot. I'm not gonna
• 3:23
  Speaker 4: go on my rapt from two years ago because you
• 3:25
  Speaker 4: won the war, right, But my thing is, like, out
• 3:29
  Speaker 4: of all the important issues that we're facing, how the
• 3:31
  Speaker 4: hell is this the issue that everyone on both sides
• 3:33
  Speaker 4: of the aisle agree upon unanimously, and then this guy
• 3:37
  Speaker 4: wants to put together an investment group who blocked it before,
• 3:41
  Speaker 4: to try and buy it. I think that's a conflict
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  Speaker 4: of interest. Is China's stealing our data? Is there some
• 3:46
  Speaker 4: of nefarious stuff going on? Yes, But if we don't
• 3:48
  Speaker 4: think that that same thing isn't happening with iPhone and
• 3:54
  Speaker 4: other social media platforms that are here in the States,
• 3:57
  Speaker 4: I think we are misaligned. David Sack made a great
• 4:00
  Speaker 4: point that this could be the introduction of like a
• 4:02
  Speaker 4: Patriot Act to point oh where there is more spine
• 4:06
  Speaker 4: on our citizens, and I agree one thousand percent. And
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  Speaker 4: I think the biggest fear here that no one wants
• 4:12
  Speaker 4: to say is if TikTok is not blocked, it could
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  Speaker 4: overtake other social media companies, like let's take.
• 4:21
  Speaker 1: The met out of it, right, because I lost that round.
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  Speaker 4: They're definitely better than Snapchat, arguably a little bit more
• 4:28
  Speaker 4: sticky than YouTube. I just think it's a underhanded way
• 4:35
  Speaker 4: to block a company from being here. And if that's
• 4:37
  Speaker 4: the case, how many more other companies are we're going
• 4:40
  Speaker 4: to block from doing business here? And they want to
• 4:43
  Speaker 4: block China from having a media company. But you let
• 4:47
  Speaker 4: all the investors buy up all the damn rainforests in
• 4:50
  Speaker 4: South America and then all the land next to government
• 4:53
  Speaker 4: entities here in the United States. Where was the block
• 4:55
  Speaker 4: on that you and blocked Bill Gates and then from
• 4:58
  Speaker 4: buying all that land together. But TikTok is the big
• 5:02
  Speaker 4: issue that we're worried about why. And I know people
• 5:06
  Speaker 4: are gonna say they're trying to dumb American citizens down.
• 5:09
  Speaker 4: You think TikTok has dumb people down more than Instagram
• 5:14
  Speaker 4: and Hollywood or Jason Lee Rocket, right, even though you
• 5:19
  Speaker 4: be at mail we friends all that, but Shade Room
• 5:24
  Speaker 4: and Jerry Springer back in the day, like American media
• 5:27
  Speaker 4: has done more to dumb down its citizens than anyone
• 5:30
  Speaker 4: in China has.
• 5:32
  Speaker 5: Yeah, it's a I almost feel like it's an impossible feat. Right,
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  Speaker 5: it's gonna get bands because they've given them one hundred
• 5:40
  Speaker 5: and eighty days to sell this thing, or the band's
• 5:44
  Speaker 5: gonna being put in place. Now when you talk about sell,
• 5:46
  Speaker 5: this is not just like a normal transaction evaluation.
• 5:50
  Speaker 6: On the low end, do you know what it is?
• 5:53
  Speaker 2: No?
• 5:53
  Speaker 5: I don't one hundred billion on the low end? Right,
• 5:58
  Speaker 5: so we sell to right, this is the issue. So
• 6:00
  Speaker 5: TikTok made sixteen billion in sales in the United States
• 6:03
  Speaker 5: last year according to the Financial Times. If you did
• 6:05
  Speaker 5: a nine x or ten x evaluation on that you're
• 6:08
  Speaker 5: talking about on a high end, it could be one
• 6:10
  Speaker 5: hundred and fifty billion, So you have one hundred and
• 6:12
  Speaker 5: eighty days for one hundred and fifty billion dollar transaction.
• 6:16
  Speaker 5: Tell me how that money's not there for most people?
• 6:19
  Speaker 5: How does that go through? So why was the cause
• 6:22
  Speaker 5: for the band? So the US they have a long
• 6:24
  Speaker 5: restricted policy restricted foreign ownership of radio and television broadcasting,
• 6:29
  Speaker 5: which is kind of tricky, right because TikTok is really
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  Speaker 5: a social media platform and so does it fit in
• 6:35
  Speaker 5: the guidelines of radio and television broadcasting.
• 6:38
  Speaker 6: But the real issue is the data.
• 6:39
  Speaker 5: Right, they're saying that the Chinese are stealing data from
• 6:43
  Speaker 5: American citizens. But there's a couple. I mean, the sale
• 6:48
  Speaker 5: is one issue, the data is another issue. But there
• 6:51
  Speaker 5: are some people who are saying, like, what about freedom
• 6:53
  Speaker 5: of speech, which is a constitutional thing right, How does
• 6:58
  Speaker 5: that work? Because you're not going to find American citizens
• 7:01
  Speaker 5: and residents for using the app, but you will try
• 7:04
  Speaker 5: to bend the platform that they're using.
• 7:06
  Speaker 6: So there's a lot of issues there.
• 7:08
  Speaker 5: Ultimately, the road that this it looks like it's headed,
• 7:10
  Speaker 5: is towards it's just going to be banned because again,
• 7:13
  Speaker 5: one hundred and fifty billion dollar transaction on a high
• 7:15
  Speaker 5: end within the next one hundred and that was early
• 7:18
  Speaker 5: last week, So the countdown is on to one hundred
• 7:20
  Speaker 5: and eighty.
• 7:21
  Speaker 6: I mean we've seen we've seen some.
• 7:23
  Speaker 5: Of these transactions with Microsoft and Activision and that I
• 7:27
  Speaker 5: mean with that process is still going through, right, that's
• 7:30
  Speaker 5: the sixty billion, sixty seven billion dollar transaction. Yeah, how
• 7:33
  Speaker 5: do you speed this thing up? How do you expecite it?
• 7:35
  Speaker 6: I don't.
• 7:36
  Speaker 5: I just I don't know how it had I haven't
• 7:37
  Speaker 5: seen it happen at this scale, at that price.
• 7:41
  Speaker 6: It just feels like all signs of point into a
• 7:43
  Speaker 6: getting ban.
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  Speaker 3: I think there's a zero percent chance that TikTok is banned,
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  Speaker 3: thank you zero.
• 7:52
  Speaker 1: I feel like I feel like.
• 7:54
  Speaker 4: People don't even had the money to buy it. It's
• 7:56
  Speaker 4: like Van Guarden, Apple could buy it. That's if they
• 7:58
  Speaker 4: sell it. Well, no, so here's the thing.
• 8:00
  Speaker 5: Here's the other just before, because there's two things, right,
• 8:04
  Speaker 5: they can sell it or they're gonna bean it all right?
• 8:07
  Speaker 1: Is this political gesture?
• 8:09
  Speaker 3: Shot?
• 8:10
  Speaker 4: This is like when Trick Trick told him not that
• 8:12
  Speaker 4: y'all couldn't flop. When Trick Trick told y'all to but.
• 8:17
  Speaker 5: Some people politics, some people really tried it politics as usual.
• 8:20
  Speaker 3: Look, is zero percent chance that TikTok is not on
• 8:26
  Speaker 3: your iPhone six months from now one of a few
• 8:29
  Speaker 3: a few ways how.
• 8:30
  Speaker 1: This plays out.
• 8:31
  Speaker 3: It's political grand standarding, and it just you know, it
• 8:34
  Speaker 3: doesn't get through the Senate somehow, and they still keep
• 8:39
  Speaker 3: fighting about this for the next couple of years. Yeah,
• 8:42
  Speaker 3: if it actually does get through the Senate and then
• 8:44
  Speaker 3: the President signs it into action and they are forced
• 8:48
  Speaker 3: to sell the company, they're gonna They're probably already have
• 8:53
  Speaker 3: a buyer already lined up, and it's going to be
• 8:56
  Speaker 3: either Microsoft or Apple or one of these huge companies.
• 9:02
  Speaker 3: But I said, Meta tried Meta, so they're.
• 9:06
  Speaker 1: Looking they're not letting better do it.
• 9:07
  Speaker 3: Yeah, this is this is how you gotta look at
• 9:09
  Speaker 3: because you know, this is how you gotta look at
• 9:11
  Speaker 3: the plan field. Right, Meta tried to acquire TikTok, right
• 9:17
  Speaker 3: and and got denied by the US government. So, as
• 9:20
  Speaker 3: an intelligent person put this in the comments looking at
• 9:23
  Speaker 3: the situation, what does this is like deductive reasoning?
• 9:26
  Speaker 1: What does this tell you? What does this tell you?
• 9:30
  Speaker 4: Wall Street or either lobby for him not to be
• 9:34
  Speaker 4: able to get it, or some people in politics don't
• 9:38
  Speaker 4: like Zuckerberg enough to let him have a monopoly.
• 9:41
  Speaker 3: They already wanted to sell a company, yep, right, they
• 9:45
  Speaker 3: already wanted to do everybody. It's like it's like the
• 9:47
  Speaker 3: prosecutor and the district attorney. It's like the defense attorney
• 9:52
  Speaker 3: and the district and the prosecutor. They all go to
• 9:55
  Speaker 3: lunch at the end of the day. They're all friends,
• 9:58
  Speaker 3: Chinese American. They all talk. They're talking the back channel.
• 10:01
  Speaker 1: We need each other each other.
• 10:03
  Speaker 3: It's like, come on, like all of this is just
• 10:04
  Speaker 3: for for the public to they all in communication with
• 10:09
  Speaker 3: each other. If they already wanted to sell the company,
• 10:12
  Speaker 3: then they already have a buyer lined up for this sale.
• 10:15
  Speaker 6: Right, his dirrention in it.
• 10:16
  Speaker 5: Right, the Chinese finance Byte Dances is a Chinese company.
• 10:21
  Speaker 6: Right.
• 10:21
  Speaker 5: They've said that they're not allowing it to be sold
• 10:24
  Speaker 5: at all. So you're you're saying it's going to exist
• 10:26
  Speaker 5: because it's being sold. There's a thing called saying something
• 10:29
  Speaker 5: in public. I'm asking, I'm asking you, are you saying
• 10:31
  Speaker 5: it's going to exist because it's going to be sold.
• 10:33
  Speaker 3: I got to finish my communication. There's a thing called
• 10:36
  Speaker 3: saying something in public. This is a politician through this
• 10:38
  Speaker 3: all the time. I'll never I'll never support Donald Trump.
• 10:42
  Speaker 3: And then when the Republican Party says you got to
• 10:45
  Speaker 3: sign a letter to support Donald Trump, they sign a
• 10:47
  Speaker 3: letter right there. It's all politics. It's all, it's all
• 10:51
  Speaker 3: smoking mirrors. It's not real.
• 10:52
  Speaker 1: You can't believe what's said in the public. It's all.
• 10:55
  Speaker 1: It's a thing called propaganda.
• 10:56
  Speaker 3: And America is great at propaganda, but is not the
• 11:00
  Speaker 3: only propagandist. Chinese are propagandas Russians are propagandas the whole
• 11:04
  Speaker 3: entire world.
• 11:07
  Speaker 1: Is in the propaganda business.
• 11:08
  Speaker 3: So what I'm saying is that TikTok is not going
• 11:11
  Speaker 3: when you have a billion people that's using it, or
• 11:13
  Speaker 3: have how many people as using it.
• 11:15
  Speaker 6: Yes, it's a.
• 11:16
  Speaker 3: Thing called too much, too big to fail, too much power.
• 11:19
  Speaker 3: They're not going to take away number one and the
• 11:21
  Speaker 3: must have apps in the app store, And too many
• 11:23
  Speaker 3: people are making money from it, Americans. Too many Americans
• 11:26
  Speaker 3: are making money. So they're grant standing and they're putting
• 11:30
  Speaker 3: out this thing and making it seem like it's a
• 11:32
  Speaker 3: big fight or whatever. Like I said, Either the Chinese
• 11:35
  Speaker 3: keep control over it, or they sell it to an
• 11:38
  Speaker 3: American and get rid of it and make a boatload
• 11:40
  Speaker 3: of money. Or they sell it to American and still
• 11:44
  Speaker 3: keep control over it secretly. Option see the option see
• 11:48
  Speaker 3: play go ahead. See but it's called the puppet strict Yeah, yeah,
• 11:56
  Speaker 3: for real, So you're the puppet master.
• 11:58
  Speaker 5: They're saying that it's going to be sold some somehow,
• 12:01
  Speaker 5: some way, it's gonna be so either whether we know,
• 12:03
  Speaker 5: it's a.
• 12:03
  Speaker 3: Fifty fifty chance, because if if the Senate doesn't pass
• 12:08
  Speaker 3: it along, then they don't have to they don't have
• 12:09
  Speaker 3: to sell it, right, So the fifty fifty fifty fifty chance.
• 12:12
  Speaker 3: But if they do pass it along, it's not just
• 12:15
  Speaker 3: gonna vanish. They're gonna if they're forced to sell. If
• 12:19
  Speaker 3: they're forced to sell, then they will sell it to
• 12:21
  Speaker 3: an American suitor, and everybody will make Everybody will make
• 12:24
  Speaker 3: money from this situation. No, don't cry for the for
• 12:27
  Speaker 3: the Chinese on this, guys.
• 12:28
  Speaker 6: No, somebody's gonna make money.
• 12:30
  Speaker 1: They're gonna make a boat absolute.
• 12:32
  Speaker 5: Yeah, that's why I said one hundred and one hundred
• 12:33
  Speaker 5: and fifty on the high end, right, But that that deadline,
• 12:36
  Speaker 5: you think that.
• 12:38
  Speaker 6: That's a window that's the right window.
• 12:40
  Speaker 5: This is a distraction GDP of this one hundred and
• 12:44
  Speaker 5: then you're talking about six months from now.
• 12:45
  Speaker 6: It brings you to July, right, brings you to July.
• 12:48
  Speaker 5: Oh, no, September, I'm sorry, wear in marsh se September,
• 12:51
  Speaker 5: which means you're about two months away from an election
• 12:53
  Speaker 5: where if that doesn't get signed, you know you're getting
• 12:56
  Speaker 5: new leadership.
• 12:57
  Speaker 6: What happens, it's.
• 12:58
  Speaker 1: Actually is that what it should be focusing on.
• 13:01
  Speaker 3: This is what I'm saying, like, this is listen, this
• 13:03
  Speaker 3: is what This is a distraction. They're trying to take
• 13:06
  Speaker 3: away TikTok. They want to take away TikTok. If they
• 13:09
  Speaker 3: want to take away TikTok to censor what's being sore
• 13:14
  Speaker 3: and what's being online. And they are trying to have
• 13:22
  Speaker 3: big brothers hands in everything. They couldn't do it with
• 13:25
  Speaker 3: Meta effectively because Mark Zuckerberg's too tapped in. Elon Musk
• 13:30
  Speaker 3: controls the whole entire world, so nobody can say anything
• 13:33
  Speaker 3: to X. So they're picking the easiest person in this fight,
• 13:37
  Speaker 3: a company that's owned by China. That's the easy That's
• 13:39
  Speaker 3: like saying something is owned by Russia. Once you throw
• 13:41
  Speaker 3: Russia or China in something. It's easy to get the
• 13:44
  Speaker 3: American public to just rally against it. And now now
• 13:47
  Speaker 3: it's about privacy. It was never about privacy. Google owns
• 13:50
  Speaker 3: all your privacy, Meta owns all your privacycy privacy like,
• 13:55
  Speaker 3: it's never about privacy. It was never about protecting the word.
• 14:00
  Speaker 6: Cator that the patriot freedom of speech.
• 14:03
  Speaker 1: It was never about theative American citizens.
• 14:05
  Speaker 3: It's about censoring information and how is the best way
• 14:10
  Speaker 3: to go about it. Big brother has his eyes on everything.
• 14:15
  Speaker 5: Who's who's in the event let's just say worst case scenario,
• 14:19
  Speaker 5: this thing is all doubt, it's a suspension or something
• 14:21
  Speaker 5: like that of it. Let's let's just say it happens.
• 14:23
  Speaker 5: Who's the beneficiary? Is it directly?
• 14:25
  Speaker 6: Meta? Is it the beneficiary?
• 14:28
  Speaker 5: What with as TikTok is down, not TikTok is down
• 14:32
  Speaker 5: for I don't know, two weeks while they're trying to
• 14:34
  Speaker 5: figure this thing out, not saying it will be worst
• 14:36
  Speaker 5: case scenario doomsday that it happens.
• 14:38
  Speaker 6: Who's is it Meta? Is it X? Is it a snapchat?
• 14:40
  Speaker 6: Like Google? Is Google?
• 14:42
  Speaker 5: Who's the beneficiary YouTube? In the event that worst case scenario.
• 14:45
  Speaker 3: Happens, everybody everybody's a beneficiary, all all the people that
• 14:49
  Speaker 3: you just name those people. It's a it's a it's
• 14:51
  Speaker 3: a phrase in the Urban Dictionary called those people. If
• 14:56
  Speaker 3: you sudden those people, you fellow what I'll be talking
• 15:01
  Speaker 3: in power, every person in power.
• 15:04
  Speaker 6: Them are you speaking of them?
• 15:06
  Speaker 1: Yeah?
• 15:07
  Speaker 3: Every person in power or they them they it's a
• 15:11
  Speaker 3: it's a we're now consortium. It's a consortion. So of
• 15:15
  Speaker 3: course Google's going to benefit. Of course Meta is going
• 15:17
  Speaker 3: to benefit. Of course X is going to benefit. Of
• 15:21
  Speaker 3: course politicians that are invested in varieties of different companies
• 15:25
  Speaker 3: are going to benefit.
• 15:26
  Speaker 1: Everybody. Everybody benefits one.
• 15:29
  Speaker 6: You saw her last week. But this is what I'm saying.
• 15:31
  Speaker 5: If all those people are going to benefit, they put
• 15:33
  Speaker 5: the thumbs up on you. Oh if all those people
• 15:36
  Speaker 5: who are going to benefit, imagine in the lobbying to
• 15:38
  Speaker 5: make sure that this actually could happen.
• 15:41
  Speaker 6: Yeah.
• 15:41
  Speaker 7: An illegal alien from Guatemala charged with raping a child
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  Speaker 7: in Massachusetts. An MS thirteen gang member from El Salvador
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  Speaker 7: filming and selling child pornography in Michigan. These are just
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  Speaker 7: some of the heinous migrant criminals because of President Donald J.
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  Speaker 7: Homeland Security. Under President Trump, attempted illegal border crossings are
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  Speaker 7: Leave now. Under President Trump, America's laws, border and families
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