Latest / The Ben Ferguson Podcast / WHY IS BIDEN NOT BANNING CHINESE SPY APP TIK TOK! Is It bc He Is Compromised By China?

Transcript

WHY IS BIDEN NOT BANNING CHINESE SPY APP TIK TOK! Is It bc He Is Compromised By China? · The Ben Ferguson Podcast

• 0:01
  Speaker 1: The FCC Commissioner saying, quote, I wouldn't support anything but
• 0:04
  Speaker 1: an outright ban on TikTok at this time, after we
• 0:09
  Speaker 1: heard from TikTok Ceo in Congress. I want you to
• 0:13
  Speaker 1: hear what the FCC Commissioner, Brendan Carr said on whether
• 0:16
  Speaker 1: the app could be banned in the US. Listened from
• 0:20
  Speaker 1: CBS this morning. Creative concerns. Lawmakers seem to have a
• 0:23
  Speaker 1: pretty clear line of thought on this. You know, TikTok
• 0:25
  Speaker 1: is owned by byt Dance by Dances Chinese, and are
• 0:28
  Speaker 1: the Chinese law is accountable to the Communist party there
• 0:31
  Speaker 1: in that country? With that chain of events, is there
• 0:34
  Speaker 1: anything short of an outright ban that you would support? No,
• 0:37
  Speaker 1: I don't see it at this point. Even the White
• 0:39
  Speaker 1: House last week reports where that they went to TikTok
• 0:41
  Speaker 1: and said, look, you either have to divest Chinese government
• 0:44
  Speaker 1: ownership Chinese ownership or face a potential ban. I think
• 0:47
  Speaker 1: that's the right thing. That The most important thing that
• 0:49
  Speaker 1: the TikTok Ceo had to do yesterday was built some
• 0:52
  Speaker 1: level of trust and credibility with Congress. And in that effort,
• 0:56
  Speaker 1: I think he completely failed. And so we'll see. Look
• 0:58
  Speaker 1: there's still a lot of time left. There's still a
• 1:01
  Speaker 1: lot of issues, pencil hurdles to get legislation passed or
• 1:04
  Speaker 1: to get the Treasury Department is looking at this to
• 1:05
  Speaker 1: take action, but really the trust is just bottoming out
• 1:09
  Speaker 1: for TikTok and it doesn't look good. Look, there's one
• 1:12
  Speaker 1: hundred fifty million Americans that are on this for sure,
• 1:14
  Speaker 1: and so we got to make the case to them
• 1:16
  Speaker 1: very clearly that there's a risk here. There's a risk.
• 1:20
  Speaker 1: The risk is they're spying and getting all of your information.
• 1:24
  Speaker 1: That's the risk. Christy Nome was asked about it this
• 1:27
  Speaker 1: morning on Fox and Friends about the idea of could
• 1:30
  Speaker 1: there be a bipartisan build a band TikTok. Here's what
• 1:33
  Speaker 1: she said after she banned it on all government devices
• 1:36
  Speaker 1: in North Dakota. Governor. Governor, the Chinese government came out
• 1:42
  Speaker 1: yesterday and spoke and said we are going to stop
• 1:44
  Speaker 1: you Byte Dance from selling off to an American company.
• 1:47
  Speaker 1: So anybody who thought this was a linked directly to
• 1:50
  Speaker 1: the government. The government doesn't come out and prevent a
• 1:52
  Speaker 1: sale unless they're vehemently involved. Plus, he could not deny
• 1:56
  Speaker 1: that they are under they are obligated to give up
• 1:59
  Speaker 1: our our information to them. But here's the problem. Donald
• 2:03
  Speaker 1: Trump tried to ban it, but when it comes to
• 2:05
  Speaker 1: banning it, they're going to need bipartisan a bill, send
• 2:09
  Speaker 1: it legislation, hand it up to the President to have
• 2:13
  Speaker 1: him signed to ban it. So do you think he'll
• 2:15
  Speaker 1: sign it knowing that he's concerned about losing the eighteen
• 2:19
  Speaker 1: to twenty two year old vote and he just didn't
• 2:22
  Speaker 1: TikTok on St. Patrick's Day. I don't think he'll sign
• 2:26
  Speaker 1: it because over and over again, this president has proven
• 2:29
  Speaker 1: that he won't protect America and he won't make the
• 2:31
  Speaker 1: right decision, especially when there's pressure. And the reason that
• 2:35
  Speaker 1: I think he thinks he can get away with that
• 2:37
  Speaker 1: is because it was just weeks ago we had a
• 2:39
  Speaker 1: Chinese spy balloon flying over this country and we quit
• 2:42
  Speaker 1: talking about it already if you go to every other network,
• 2:45
  Speaker 1: if you go on social media, even Americans and their
• 2:48
  Speaker 1: coffee shops aren't talking about the fact that this president
• 2:51
  Speaker 1: allowed China to send a spy balloon over our military
• 2:54
  Speaker 1: installations and gather information and our president didn't shoot it
• 2:58
  Speaker 1: down until it was over the ocean, and the difficulty
• 3:01
  Speaker 1: recovering the information that was in it. So I think
• 3:04
  Speaker 1: they believe that our society here in America has add
• 3:08
  Speaker 1: that we don't pay attention to anything for very long,
• 3:10
  Speaker 1: and we forget about these important issues and move on,
• 3:13
  Speaker 1: and that the president has learned that about us as well,
• 3:16
  Speaker 1: and thinks if he can just change the narrative, maybe
• 3:19
  Speaker 1: come out with some other political scandal against the other
• 3:22
  Speaker 1: party or a former president, that the American people will
• 3:25
  Speaker 1: just move on and forget about the fact that he's
• 3:27
  Speaker 1: giving away our country and he's giving it away to
• 3:29
  Speaker 1: the enemy. The point that she just made there about
• 3:33
  Speaker 1: giving it away to the enemy, and the fact that
• 3:35
  Speaker 1: he is actually using TikTok, I also think tells you
• 3:39
  Speaker 1: a lot about how compromise this president actually is. Why
• 3:43
  Speaker 1: on earth would you do this unless you're compromised, why
• 3:47
  Speaker 1: would you use TikTok and TikTok's The government China came
• 3:51
  Speaker 1: out and said we will not allow for TikTok to
• 3:53
  Speaker 1: be sold to an American company. Why are they saying that,
• 3:56
  Speaker 1: Because they're basically saying to America, don't even think about it,
• 4:00
  Speaker 1: and if you do think about it, there will be
• 4:02
  Speaker 1: hell to pay. You better not even get close to
• 4:06
  Speaker 1: this now you look at you look at TikTok, and
• 4:11
  Speaker 1: there's some people that say, oh, it's just a joke.
• 4:14
  Speaker 1: Jimmy Kimmel, by the way, mocked the TikTok probe right
• 4:19
  Speaker 1: and acting like, oh, it's just a cute little app
• 4:22
  Speaker 1: and no one should really care, and it's just an
• 4:25
  Speaker 1: app where you know, they teach you how to cook
• 4:27
  Speaker 1: spaghetti in a few seconds. He's laughing at the fact
• 4:30
  Speaker 1: that Republicans and Democrats, by the way, are focusing on TikTok. Now,
• 4:36
  Speaker 1: I think this also tells you how stupid Jimmy Kimmel is.
• 4:39
  Speaker 1: Jimmy Kimmel is a guy that doesn't understand that this
• 4:41
  Speaker 1: is exactly how you get and if you're the Chinese
• 4:44
  Speaker 1: Communist Party. He was a brilliant move from day one.
• 4:47
  Speaker 1: Let's do a social media app that we can get
• 4:51
  Speaker 1: to go viral. Half of Americans have it on their
• 4:54
  Speaker 1: phone right now. And then once we get it on
• 4:57
  Speaker 1: half of Americans phones, then we own them and we
• 5:01
  Speaker 1: have all of their intel and everything they do and
• 5:04
  Speaker 1: how they think, and we can influence them with the
• 5:07
  Speaker 1: videos that we show them, and we can get them
• 5:10
  Speaker 1: to go down certain roads, and we can have all
• 5:13
  Speaker 1: of this intel on the American people, and then many
• 5:16
  Speaker 1: people in the government will have this, and we'll have
• 5:19
  Speaker 1: all of their intel, including keystrokes. One of the things
• 5:22
  Speaker 1: that came out yesterday that was admitted by the TikTok
• 5:26
  Speaker 1: CEO is that it does record your keystrokes. That's spine.
• 5:31
  Speaker 1: Imagine if you had access to every keystroke of somebody's
• 5:35
  Speaker 1: phone and what you could do with all that intel
• 5:39
  Speaker 1: and all of that information. That is exactly what TikTok
• 5:43
  Speaker 1: has admitted yesterday they are doing. But then you get
• 5:45
  Speaker 1: Jimmy Kimmel who goes out there and talks to his
• 5:48
  Speaker 1: liberal audience and makes fun of this, thinks it's hysterical
• 5:53
  Speaker 1: because he's too stupid to realize that while he's got
• 5:56
  Speaker 1: TikTok for his show and on his phone, that he's
• 5:59
  Speaker 1: being by the Chinese. And the Chinese are the ones laughing, right,
• 6:02
  Speaker 1: because they have stooges like this in America. They're too
• 6:05
  Speaker 1: dumb to understand that TikTok was never designed for your enjoyment.
• 6:09
  Speaker 1: TikTok was designed to make an app that people would
• 6:14
  Speaker 1: put on their phones quickly, that celebrities would use quickly,
• 6:18
  Speaker 1: just like Facebook and Instagram and then it was actually
• 6:21
  Speaker 1: a spying apparatus the entire time. It's very clear that's
• 6:25
  Speaker 1: what and this isn't a conspiracy theory. We actually heard
• 6:28
  Speaker 1: from the CEO of TikTok yesterday. We now know everything
• 6:32
  Speaker 1: that I just said is actually true. So this was
• 6:34
  Speaker 1: their plan from the Chinese Commuist government for the very beginning.
• 6:37
  Speaker 1: This was not about just becoming a social media company.
• 6:41
  Speaker 1: This was about spying on the users who put it
• 6:45
  Speaker 1: on their phones. Did you know that in China people
• 6:48
  Speaker 1: don't use TikTok? Did you know that? Do you know
• 6:50
  Speaker 1: kids in China don't use TikTok? Did you know that
• 6:53
  Speaker 1: a lot of people don't realize that. I wonder why.
• 6:56
  Speaker 1: I wonder why in China they don't use it, but
• 6:58
  Speaker 1: in America they're like, oh, please do it. And then
• 7:00
  Speaker 1: again you have these idiot students like Jimmy Kimmel. Here's
• 7:04
  Speaker 1: what he said about on the show last night. There's
• 7:06
  Speaker 1: nothing about it. The focus in Congress today was on TikTok,
• 7:10
  Speaker 1: of all things. Lawmakers from both sides seem to be
• 7:13
  Speaker 1: headed towards banning TikTok in the United States and TikTok
• 7:17
  Speaker 1: for those you Don't Know is an app that lets
• 7:18
  Speaker 1: you watch videos similar to what you're doing right now
• 7:21
  Speaker 1: on Instead of a long horizontal video, they go long
• 7:25
  Speaker 1: ways like this, and then half of the video is
• 7:29
  Speaker 1: footage of somebody carving soap for reasons why I don't know.
• 7:34
  Speaker 1: And they're also buttons and filters with hearts and stuff,
• 7:37
  Speaker 1: and you can turn you into a dog, or they
• 7:41
  Speaker 1: could even turn you into a lion if you want,
• 7:43
  Speaker 1: and there's text that describes what you're watching. While you're
• 7:46
  Speaker 1: watching him. Now, everybody's laughing because they're turning Jimmy Kimmel's sideways.
• 7:53
  Speaker 1: They're making him look like a lion with some of
• 7:55
  Speaker 1: the filters on TikTok. And then they have someone carving
• 7:58
  Speaker 1: soap on Tiktoko him and he's talking about how funny
• 8:02
  Speaker 1: this is, right, and the audience is laughing. What they
• 8:04
  Speaker 1: don't understand is this is exactly what China wants you
• 8:07
  Speaker 1: to think. TikTok is, and he's giving you the Chinese
• 8:11
  Speaker 1: propaganda in real time, right and in real time. And
• 8:17
  Speaker 1: then you throw in some random people talking into tiny
• 8:20
  Speaker 1: microphones yelling about who knows what. Then and finally there's
• 8:25
  Speaker 1: a comment section asking what your feet look like. And
• 8:29
  Speaker 1: the president of China watches every second of this. He's
• 8:32
  Speaker 1: just watching, and one day he's going to use it
• 8:34
  Speaker 1: against us. That's TikTok for you. Now. You can hear
• 8:39
  Speaker 1: the audience laughing, and they think it's hysterical. Right. If
• 8:42
  Speaker 1: this wasn't such an important spying apparatus for China, then
• 8:47
  Speaker 1: why would the Chinese government have come out yesterday saying
• 8:49
  Speaker 1: they will not allow for a sale of TikTok to
• 8:52
  Speaker 1: an American company. That's the Chinese government that said this,
• 8:55
  Speaker 1: we will not allow it. And you've got these morons
• 8:59
  Speaker 1: like Jimmy Kimmel like, Oh, isn't it funny? Oh, it's
• 9:01
  Speaker 1: just an app. It's not just an app. Okay, it's not.
• 9:04
  Speaker 1: It's not just an app. And he should understand that.
• 9:08
  Speaker 1: And if he did any research at all, he'd understand it.
• 9:11
  Speaker 1: But hey, I guess he likes it. The Americans, half
• 9:13
  Speaker 1: of us have it on our phones, are downloading and
• 9:16
  Speaker 1: watching Jimmy Kimmel videos. So he's like, works for me. Right,
• 9:22
  Speaker 1: I'm fine with it. Right, I got no problem with this.
• 9:27
  Speaker 1: It looks like there's bipartisan support growing in Congress for
• 9:33
  Speaker 1: TikTok to be banned in this country. China has come out.
• 9:38
  Speaker 1: That's so important. It is from a spying apparatus perspective
• 9:42
  Speaker 1: from them. They've said they will not allow it to
• 9:45
  Speaker 1: be sold off to an American company because it's not
• 9:49
  Speaker 1: about being a Chinese basic company that can be bought
• 9:52
  Speaker 1: or sold. It's about exactly what I've said over and
• 9:55
  Speaker 1: over and over again. This is about them spying. Always
• 10:01
  Speaker 1: ben about them spying. Now, Democrats, they're laughing about this,
• 10:06
  Speaker 1: Jimmy Kimmel mocking it, saying it's not a big deal,
• 10:08
  Speaker 1: it shouldn't actually happen. Centator Holly also talking about this
• 10:13
  Speaker 1: TikTok and their connections back to the Biden administration. Take
• 10:18
  Speaker 1: a listen. The CCP has access right now to any
• 10:22
  Speaker 1: data they want that belongs to us. And that's why
• 10:24
  Speaker 1: I say again, this is a backdoor for the Beijing
• 10:27
  Speaker 1: government into our private lives, into our personal security, into
• 10:31
  Speaker 1: the heads of our children, and we've got to close
• 10:33
  Speaker 1: that door. The only thing to do, Laura is to
• 10:35
  Speaker 1: ban it. You mentioned the Biden administration. You know, TikTok's
• 10:38
  Speaker 1: not stupid. They went out and hired a PR firm
• 10:41
  Speaker 1: that was founded by Biden administration people. They are trying
• 10:44
  Speaker 1: to purchase the Democrat Party right now, Why are all
• 10:47
  Speaker 1: of these corporate media outlets now rehearsing TikTok's aligns for them.
• 10:51
  Speaker 1: It's because TikTok is out there pushing this. They're out
• 10:53
  Speaker 1: there buying influence of the Democrat Party. Let's put it
• 10:56
  Speaker 1: to a vote. Let's just see what the tally is.
• 10:58
  Speaker 1: Let's see who's willing to ban thing. Let's see who's
• 11:01
  Speaker 1: willing to ban this thing. And there's gonna be a
• 11:03
  Speaker 1: bunch of Democrats have been bought and paid for that
• 11:06
  Speaker 1: are going to say, oh no, no, I kid, we
• 11:09
  Speaker 1: need TikTok. It's not an app to spying device. It's
• 11:13
  Speaker 1: not a social media app. It's a spying device for
• 11:15
  Speaker 1: the Chinese Communist Party. Now, if you're stupid enough to
• 11:18
  Speaker 1: keep this on your phone, that's your decision. But you're
• 11:21
  Speaker 1: pretty dumb, You're pretty stupid. It's you download it. It's like,
• 11:25
  Speaker 1: here's what I'm downloading. Okay. More and more people are
• 11:29
  Speaker 1: coming out now talking about TikTok and why it should
• 11:33
  Speaker 1: be banned. I do want you to hear part of
• 11:36
  Speaker 1: what was said in Congress about this yesterday in the
• 11:41
  Speaker 1: back and forth. It took place when they were actually
• 11:44
  Speaker 1: arguing with the CEO, and I want you to hear
• 11:50
  Speaker 1: how they responded to TikTok or how the maybe I
• 11:55
  Speaker 1: should say, the CEO responded. The TikTok ceo add this
• 12:01
  Speaker 1: about on government devices. Take a listen to delay any
• 12:05
  Speaker 1: other people to start it. And what we've already established
• 12:08
  Speaker 1: about the ability of the Chinese Communist Party to access
• 12:12
  Speaker 1: personal user data. Would you agree that no US government
• 12:16
  Speaker 1: electronic devices should have access to TikTok platform, as your
• 12:20
  Speaker 1: lackluster security currently stands. I disagree with that characterization. Like
• 12:25
  Speaker 1: I said, any individual should be utilizing that on any
• 12:29
  Speaker 1: government platform. I think the government devices shouldn't have no
• 12:34
  Speaker 1: social media apps, to be honest, targeted to us. Mister
• 12:37
  Speaker 1: Chu joined this hearing you have mentioned. So China's CEO
• 12:42
  Speaker 1: of TikTok just said he thinks that there should be
• 12:45
  Speaker 1: no government devices that have social media apps on them,
• 12:50
  Speaker 1: not just TikTok. Now that's a little bit telling, right. No, No,
• 12:53
  Speaker 1: no government devices should have social media apps, to be honest,
• 12:57
  Speaker 1: none of them. TikTok teo also had this about spying
• 13:01
  Speaker 1: on Americans from representative done FIDA second District. Listen, and
• 13:06
  Speaker 1: they were going to follow individual American citizens. I ask
• 13:09
  Speaker 1: you against has Bite Dance spied on American citizens? I
• 13:15
  Speaker 1: don't think the spying is the right way to describe it.
• 13:18
  Speaker 1: This is ultimately can differ, this utiate. Any TikTok or
• 13:23
  Speaker 1: Bite Dance stated that is viewed, stored, or passes through
• 13:27
  Speaker 1: China is subject to the laws of China. One party,
• 13:30
  Speaker 1: authoritarian state, hostile. I love it. I wouldn't I love
• 13:35
  Speaker 1: how the TikTok CEOs is. I wouldn't describe it as spying, right,
• 13:43
  Speaker 1: That's not something that I would describe it as TikTok.
• 13:48
  Speaker 1: CEO also can't say how many children have died because
• 13:51
  Speaker 1: of dangerous challenges on TikTok. There's a lot of TikTok
• 13:55
  Speaker 1: challenges and a lot of people have died because of them. Listen.
• 13:58
  Speaker 1: Understanding that they're looking at the as, how do you
• 14:01
  Speaker 1: determine what age they are? Then we rely on age
• 14:05
  Speaker 1: skating as ow ye gating, which is when you ask
• 14:08
  Speaker 1: the user what age they are. We have also developed
• 14:11
  Speaker 1: some tools where we look at their public profile to
• 14:14
  Speaker 1: go through the videos that they post to see whether
• 14:16
  Speaker 1: that's creepy. Tell me more about that. It's public. So
• 14:19
  Speaker 1: if you post a video that you choose that video
• 14:22
  Speaker 1: to go public. That's how you get people to see
• 14:25
  Speaker 1: a video. We look at those to see if it
• 14:27
  Speaker 1: matches up the age that you talked about. Now, this
• 14:29
  Speaker 1: is a real challenge for our industry because privacy versus
• 14:33
  Speaker 1: h assurance is a really big problem. Look, look, you
• 14:37
  Speaker 1: keep talking about the industry. We're talking about TikTok. Here
• 14:40
  Speaker 1: we're talking about children dying. Do you know how many
• 14:42
  Speaker 1: children have died because of this? Do you have any idea?
• 14:45
  Speaker 1: Can you tell me a congressman, again, it is heartbreak.
• 14:48
  Speaker 1: Do you tell me if how many children in America
• 14:51
  Speaker 1: have died because of challenges like this? The majority of
• 14:54
  Speaker 1: people who use our platform use it for positive experiences,
• 14:57
  Speaker 1: and that's not what I ask you ask you tell
• 15:00
  Speaker 1: me the number of children of US children who have
• 15:02
  Speaker 1: died because of these challenges. Again, the majority of majority
• 15:08
  Speaker 1: of people who come on up platform. I'm not talking
• 15:10
  Speaker 1: about the majority of children. I want to know a
• 15:12
  Speaker 1: number dangerous changed US are not allowed in all platform.
• 15:16
  Speaker 1: If we find it, we will remove them. We think
• 15:17
  Speaker 1: this is obviously you found one today and you removed it.
• 15:20
  Speaker 1: We had to bring it to your attension, and I
• 15:22
  Speaker 1: know I'm out of time. Thank you for being here.
• 15:24
  Speaker 1: Welcome again to the most bipartisan Committian Congress. They don't
• 15:28
  Speaker 1: care about your kids, They care about collecting data. He
• 15:32
  Speaker 1: can't say how many children have died because of dangerous
• 15:35
  Speaker 1: challenges on TikTok. And this is a CEO who is
• 15:39
  Speaker 1: sitting there basically laughing in our face. Is it how
• 15:44
  Speaker 1: stupid we are that half of Americans have this on
• 15:47
  Speaker 1: their phone. One other thing I want to play for you.
• 15:50
  Speaker 1: The TikTok To ceo also did confirm yesterday that the
• 15:54
  Speaker 1: Chinese engineers of the Chinese Commist government do have access
• 15:59
  Speaker 1: to quote global data, meaning they can spy on you today.
• 16:05
  Speaker 1: Do Bite Dance employees in Beijing have access to American data?
• 16:10
  Speaker 1: A Congressman, we have been very open about this. We
• 16:13
  Speaker 1: have relied on global into operability. You have access to
• 16:16
  Speaker 1: American data? Coressman. I'm answering because if it could be
• 16:19
  Speaker 1: just a bit of time, we rely on global intooperability,
• 16:23
  Speaker 1: and we have employees in China. So yes, the Chinese
• 16:25
  Speaker 1: engineers do have access to global data, have access to
• 16:27
  Speaker 1: global data. There it is. He's admitting it. And after
• 16:32
  Speaker 1: this hearing, China was so upset they came out and
• 16:35
  Speaker 1: made it very clear that in China they will not
• 16:39
  Speaker 1: allow it to sell to an American company. Why is
• 16:45
  Speaker 1: that because it's it's not a social media app. It
• 16:50
  Speaker 1: is a spying app, That's what it is. Jamal Moment
• 16:57
  Speaker 1: has come out saying there's no evidence of security concerns
• 17:00
  Speaker 1: from Chinese spying TikTok, Yeah, saying that on NBC News,
• 17:04
  Speaker 1: Democrats are now doing the bidding of the Chinese Communist Party.
• 17:09
  Speaker 1: He has said on yesterday afternoon, Democrat claiming that there
• 17:15
  Speaker 1: isn't any evidence of TikTok posing as security concern through
• 17:18
  Speaker 1: Chinese espionage on the app. That's how they're describing it.
• 17:22
  Speaker 1: Democrats doing this, and of course Democrats doing the bidding
• 17:26
  Speaker 1: of the Chinese comngress governments saying, wow, is it really
• 17:28
  Speaker 1: a problem here? Listen, welcome back. While the consensus on
• 17:32
  Speaker 1: Capitol Hill this morning was for a crackdown on TikTok
• 17:34
  Speaker 1: over its times to the Chinese government, the feeling is
• 17:37
  Speaker 1: not universal. New York Congressman Jamal Bowman told NBC News
• 17:40
  Speaker 1: yesterday there are many apps on our phones right now
• 17:42
  Speaker 1: that are Chinese apps, and so the idea that oh,
• 17:44
  Speaker 1: TikTok is the boogeyman, it's just part of a political
• 17:47
  Speaker 1: fearmongering that is happening. Joining me now is New York
• 17:50
  Speaker 1: Democratic Congressman Jamal Bowman. Congressman. I appreciate you coming on,
• 17:54
  Speaker 1: So let me start with the first question. There, you
• 17:57
  Speaker 1: heard from TikTok CEO. You think he did a good
• 18:00
  Speaker 1: job defending the app or do you think he would
• 18:03
  Speaker 1: have done a better job defending the app? Listen, it's
• 18:07
  Speaker 1: tough to sit there and answer hundreds of questions about
• 18:11
  Speaker 1: any topic, even if you are an expert. But it
• 18:14
  Speaker 1: was good for him to come. It was good for
• 18:16
  Speaker 1: him to be in the hot seat. It was good
• 18:18
  Speaker 1: for him to answer the questions that he had to answer.
• 18:22
  Speaker 1: But I think part of his testimony that I want
• 18:24
  Speaker 1: to highlight, in which I've been talking about all week,
• 18:27
  Speaker 1: is we're targeting TikTok for safety and security reasons, particularly
• 18:32
  Speaker 1: national security reasons, but we're not talking about all of
• 18:36
  Speaker 1: the social media apps out there that have access to
• 18:40
  Speaker 1: our data, often without our consents or understanding of where
• 18:45
  Speaker 1: the data is going on, how it works, and our
• 18:48
  Speaker 1: data is now being sold, has always been sold to
• 18:51
  Speaker 1: the highest bidders, both in foreign nations and here in
• 18:54
  Speaker 1: our country. So for me, it's about having a larger
• 18:58
  Speaker 1: conversation about the arms and benefits of social media and
• 19:02
  Speaker 1: to finally work in a biparson way for national legislation
• 19:05
  Speaker 1: around safety and security on all social media platforms. All right,
• 19:09
  Speaker 1: let me ask you this, Why shouldn't the government be
• 19:13
  Speaker 1: concerned about foreign ownership of companies that target Americans on
• 19:19
  Speaker 1: the consumer level if that country is an antagonist to
• 19:23
  Speaker 1: our way of life? So first, I haven't seen any
• 19:27
  Speaker 1: evidence that shows me, as a member of Congress that
• 19:31
  Speaker 1: these countries have been China or any other country has
• 19:34
  Speaker 1: been a bad actor in this space in this way,
• 19:37
  Speaker 1: except Russian's interference in our twenty sixteen election, and that
• 19:42
  Speaker 1: happened on Facebook, and there was no conversation at that
• 19:46
  Speaker 1: point about banning Facebook, selling Facebook, breaking up Facebook. People
• 19:51
  Speaker 1: deleated Facebook. Correct, right, but still not enough. But now
• 19:56
  Speaker 1: we have this consistent fear of monitoring starting with the
• 19:59
  Speaker 1: Republican Party, and now many Democrats are sort of catching
• 20:03
  Speaker 1: on around China and around their access to our data.
• 20:08
  Speaker 1: But just this overall sort of global competition with China
• 20:11
  Speaker 1: in all its forms, and you know that's how Republicans governed,
• 20:14
  Speaker 1: That's how this place works way too often around fear.
• 20:18
  Speaker 1: Let's take up step back and have a comprehensive conversation
• 20:21
  Speaker 1: about social media, about addiction, about monopolies, about time on
• 20:26
  Speaker 1: the apps, and about safety and security of our data.
• 20:29
  Speaker 1: So let's talk about, excuse me, what is a data
• 20:33
  Speaker 1: privacy law. What kind of teeth would you like to
• 20:35
  Speaker 1: see in a data privacy law that you think would
• 20:37
  Speaker 1: a swage many people's concerns about TikTok? Specifically, what can
• 20:42
  Speaker 1: we do in a national law that would answer our
• 20:45
  Speaker 1: TikTok concerns? First of all, what in the world is
• 20:50
  Speaker 1: happening with my data as we speak? What are you
• 20:54
  Speaker 1: doing with it? Where is it? Where does it go?
• 20:57
  Speaker 1: Who is it being sold to? We need that education
• 21:01
  Speaker 1: on these plats. We have no idea. Our data is
• 21:05
  Speaker 1: just out there somewhere and it's being used everything from
• 21:09
  Speaker 1: facial recognition software to the Catholic Church buying data from
• 21:13
  Speaker 1: the app Grinder to search for gay priests. This was
• 21:17
  Speaker 1: reported by the Washington Post. So all of this is happening,
• 21:21
  Speaker 1: All of this data is out there we have no
• 21:24
  Speaker 1: knowledge of it. First, we need knowledge. Second, we need consent.
• 21:28
  Speaker 1: Do I consent to you using my data? And the
• 21:30
  Speaker 1: ways are not? And if I don't, then don't use it.
• 21:34
  Speaker 1: The problem is the entire advertising infrastructure for Facebook and
• 21:39
  Speaker 1: other American companies is built on this data. So if
• 21:42
  Speaker 1: that data comes away, ad dollars come away. If those
• 21:45
  Speaker 1: ad dollars come away, these companies are broke. And they've
• 21:48
  Speaker 1: been allowed to build oligarchies over this time. And now
• 21:52
  Speaker 1: we're focused on TikTok and not talking about the others.
• 21:55
  Speaker 1: I love how this democrat is literally doing the bidding
• 21:58
  Speaker 1: of the Chinese commuist government. Sitting there, he's like, oh,
• 22:01
  Speaker 1: it's not that bad. Oh well, we need a bigger
• 22:03
  Speaker 1: conversation on this right well, and it's not just tiptok.
• 22:07
  Speaker 1: He's like, Facebook did it too, Well, Facebook was an
• 22:09
  Speaker 1: American company, not a Chinese communist company. Let's not forget that.
• 22:13
  Speaker 1: And he's like, Facebook did this too. No, they didn't, No,
• 22:17
  Speaker 1: they didn't, they did not. That's not what happened. Okay,
• 22:22
  Speaker 1: that's a lie. So remember that company XTF. It was
• 22:27
  Speaker 1: a crypto currency ponzi scheme. And the guy who is
• 22:32
  Speaker 1: running it what just happened to be the second largest
• 22:36
  Speaker 1: donor to the Democratic Party in the mid term elections,
• 22:40
  Speaker 1: and then all of a sudden everything went belly up
• 22:43
  Speaker 1: just three days after the midterm elections. You remember that story,
• 22:47
  Speaker 1: you know, just from a couple of months ago. Has
• 22:50
  Speaker 1: any of the Democrats that look the other way on cryptocurrency?
• 22:55
  Speaker 1: Have any of them? Have any of them been arrested? Yeah?
• 23:00
  Speaker 1: Have any of them had to give back their money? No?
• 23:03
  Speaker 1: Did any of the candidates to me, he was the
• 23:05
  Speaker 1: second biggest owner behind George Sours the Democratic Party? No.
• 23:09
  Speaker 1: But what I can tell you now is Lindsay Lohan,
• 23:12
  Speaker 1: remember that child actress from Parent Trapp and Jake Paul,
• 23:17
  Speaker 1: the kid YouTube stories now a boxer. They both now
• 23:21
  Speaker 1: been charged for alleged illegal cryptocurrency schemes. So we're going
• 23:27
  Speaker 1: after childhood stars, but not the Democrats to cast the
• 23:31
  Speaker 1: checks from a corrupt XTF that they refused to actually
• 23:38
  Speaker 1: look at or regulate. Seems about writing America Today. Actress
• 23:43
  Speaker 1: Lindsay Lohan and quote influencer Jake Paul have been charged
• 23:49
  Speaker 1: for allegedly partaking an illegal crypto scheme, along with six
• 23:54
  Speaker 1: other celebrities. The charges from regulators from the US Security
• 23:59
  Speaker 1: Exchange Commission. And this is what the FEC is working
• 24:02
  Speaker 1: on today. Not let's happen out there with the Bank,
• 24:05
  Speaker 1: Silicon Valley Bank or any of the other banks. No
• 24:08
  Speaker 1: no, no no no, not not looking at all the democrats
• 24:11
  Speaker 1: taking them I no, no, no no. The SEC is
• 24:15
  Speaker 1: now going after childhood stars. The charges from the regulators
• 24:19
  Speaker 1: center on crypto asset entrepreneur Justin's Son and three of
• 24:24
  Speaker 1: his companies, Tron Foundation Limited, bit Torrent Foundation, and Rainberry
• 24:30
  Speaker 1: Ink formerly known as bit Torrent. A statement from the
• 24:34
  Speaker 1: SEC said that Son and his companies allegedly participate in
• 24:38
  Speaker 1: the unregistered offer and sale of crypto asset securities and
• 24:43
  Speaker 1: also fraudently manipulate the secondary market for x r X
• 24:49
  Speaker 1: excuse me tr X through an extensive wash trading scandal.
• 24:55
  Speaker 1: Wash trading reportedly involves the simultaneous or near simultane this
• 25:00
  Speaker 1: purchase and sale of a security to make it appear
• 25:03
  Speaker 1: actively traded without an actual change in beneficial ownership, and
• 25:10
  Speaker 1: for also orchestrating a scheme to pay celebrities to tout
• 25:15
  Speaker 1: this These companies to tout the TRX and BTT without
• 25:22
  Speaker 1: disclosing their compensation. So this is who our justice system
• 25:26
  Speaker 1: is going after now. Both Lindsay Lohan and Jake Paul
• 25:30
  Speaker 1: were charged with illegal illegally touting XRT and BTT without
• 25:35
  Speaker 1: disclosing that they were compensating them for doing so and
• 25:39
  Speaker 1: the amount of their compensation. Six other celebrities alongside the
• 25:43
  Speaker 1: two were DeAndre Cortez Way, Austin Mahone, Michael Manson, my
• 25:53
  Speaker 1: arms excuse me, Kendrew lust Or, Michelle Manson, Miles Parker McCullum,
• 25:59
  Speaker 1: and Knee Yo. If you don't know these names, I'm
• 26:05
  Speaker 1: not surprised. That means you probably have a job and
• 26:07
  Speaker 1: you actually go to work. Lindsay Lohan and Jake Paul
• 26:11
  Speaker 1: both reportedly agreed to a settlement payment without admitting guilt.
• 26:15
  Speaker 1: With the exception of Cortez, Way and Mahone, celebrities charged
• 26:21
  Speaker 1: today agree to pay a total of more than four
• 26:23
  Speaker 1: in a thousand and Interests and Penalties has settled the
• 26:27
  Speaker 1: charges without admitting or denying the SEC's filing. The SEC
• 26:32
  Speaker 1: is now set. The SEC chair Gary Gensler said in
• 26:37
  Speaker 1: a statement that the case represents the kind of high
• 26:39
  Speaker 1: risk investors face when crypto assets securities are offered and
• 26:44
  Speaker 1: soul without proper disclosure as alledge Son and his companies
• 26:48
  Speaker 1: not only targeted US investors in their unregistered offers and sales,
• 26:53
  Speaker 1: generating millions in illegal proceeds at the expense of investors,
• 26:58
  Speaker 1: but they also coordinated washing on an unregistered trading platform
• 27:03
  Speaker 1: to create the misleading appearance of active trading. Son further
• 27:09
  Speaker 1: induced investors to purchase stocks by orchestrated, or i should say,
• 27:14
  Speaker 1: these cryptos, by orchestrating a promotional campaign in which he
• 27:17
  Speaker 1: and his celebrity promoters hid the fact that the celebrities
• 27:21
  Speaker 1: were paid for their tweets that they were sending out.
• 27:24
  Speaker 1: So to be clear, you run a massive Ponzi scheme,
• 27:28
  Speaker 1: and Democrats are taking massive checks from your Ponzi scheme.
• 27:33
  Speaker 1: And you're the second biggest donor in the Democratic Party
• 27:37
  Speaker 1: in the midterm elections. And if you're anyone of those Democrats,
• 27:41
  Speaker 1: you're fine. But we're gonna go after child stars now
• 27:44
  Speaker 1: and get them to pay little dinky fines. And that's
• 27:48
  Speaker 1: how we're cleaning up the cryptocurrency mess. This is not
• 27:52
  Speaker 1: a joke. It's embarrassing, but this is what they're doing.
• 27:56
  Speaker 1: I want to remind you you can download the ben
• 27:57
  Speaker 1: Ferguson Podcasts. We do our podcast six days a week,
• 28:01
  Speaker 1: so it makes you download the Ben Ferguson podcasts now