The Coming Ban of TikTok.

everyone meet Black Friday coupon code

here there's been a lot of talk about

banning a tick tock and that talk has

ramped up recently especially as the FBI

is now expressing extreme concern over

security lapses at Tick Tock in this

video I'm going to break down whether

it's actually potentially likely that

Tick Tock ends up getting banned in the

United States that means no more tick

tock on the app stores for Android Apple

or otherwise I doubt any kind of Ip

bands would work since I think pretty

much all of us are familiar or capable

of using a VPN which now just takes the

click of a button but good news is this

video is not brought to you by a VPN

provider it's just brought to you by the

courses on building your wealth link

down below and the elite Hustler's new

course launching on Friday so let's talk

about this first we have bipartisan

calls now to ban Tick Tock within

Congress some folks say this is just

political posture but it's interesting

because you're getting this posturing

from both sides we just had Mark Warner

go on Fox top ranking Democrat from the

Senate intelligence committee saying

that quote I think Trump was right about

banning Tick Tock see remember Donald

Trump tried to ban Tick Tock in 2020

citing a national security threat as of

course he was duking things out with

China which he pretty much did for his

entire four years as president remember

some of the biggest tariffs against

China were actually implemented under

Donald Trump especially and including 15

to 25 percent tariffs on chips which

some say have helped lead to the

ballooning of actually the Chinese chip

industry making their homegrown chip

industry much more popular of course

Biden has picked up the pacing and has

also introduced recently with the chips

act even military tariffs against

Chinese Chips and making it harder for

them to get access to high-end

artificial intelligence capable chips of

course companies like Nvidia and AMD who

sell about 25 of or get about 25 of

their revenue from China are like we'll

be fine we'll we'll figure it out we'll

just we'll just make a new chip that's

compliant anyway

obviously a lot of tension between the

United States and China but Mark Warner

a warmer excuse me warns that there are

two problems with Tick Tock one is that

information is being gathered from our

children and that it's being stored in

Beijing Tick Tock has regularly said no

we store your information in the United

States but now we've got other senators

and the FCC commissioner saying yeah

well we have evidence that well maybe

you do store the information in the

United States you also potentially store

the information in Singapore as a backup

and that potentially also still makes it

to Beijing which since the Communist

Party of China has the power to tell

companies what to do it's entirely

possible for the CCP to say hey

we want you to give us all the data you

have or allow us to look at it and that

data could be quite sensitive so not

just knowing what children are doing on

Tick Tock but potentially knowing what

everybody's doing on Tick Tock who uses

Tick Tock or knowing what anybody does

on their phone just by having Tick Tock

installed oh and quick reminder that

coupon code now also comes with a five

million dollar trading portfolio

challenge if you join the stocks and

psychology of money course by Black

Friday make sure you join that because

the challenge begins next Monday look

forward to seeing you there remember

your lifetime access to the lectures and

as long as we do the live streams you

got access no monthly fees at all some

suggest that Tick Tock could potentially

not only access your contacts which you

usually give permission to to find

friends on Tick Tock but also get phone

numbers birth dates face ID information

so biometric information access to your

camera and access to your location data

this has led security Personnel in the

United States and military personnel to

actually be encouraged or required to

completely delete tick tock from their

phone some people like the FCC

commissioner go as far as saying not

only should you delete tick tock from

your phone but you should just get a

whole new phone now some of this just

seems extreme because I don't think

people are going to go delete an app and

then go get a brand new phone but the

FBI Mark Warner and many others are now

suggesting look it's not just the fact

that they have potentially access to all

of our data it's the fact that they

could now potentially that is Chinese

could use tick tock to influence

Americans what if all of a sudden we

start getting pushed some more

pro-chinese Vlogs and we start getting

down votes on or or seeing fewer

critical Chinese posts what if they want

to influence our elections in theory by

promoting more of one candidate versus

another

what if essentially they could brainwash

Americans using a social media app that

we think of as entertainment

now because of this Senators like Marco

Rubio and Gallagher have on the 10th of

November here 2022 introduced a bill

that would actually ban Tick Tock now of

course

whether that's actually going to go

anywhere is up to question and I'm going

to give you some of my thoughts on what

I actually think might happen or might

not happen with Tick Tock but consider

this Tick Tock as of the last data set

that we got with September 2021 had 1

billion active users monthly that's like

as many users as Elon Musk wishes

Twitter has Twitter would have to grow

about four to five x to get to a billion

users on an active basis monthly and 1

billion also represents about one in

seven to one in eight people who exist

in the world which given the fact that

not everybody in the world actually has

a cell phone or not everybody in the

world is actually capable of using Tick

Tock because some people are too old

some people are too young

it's kind of interesting to think of how

prolific tiktok actually is and it

doesn't help that BuzzFeed and this is a

you know usually when we cite BuzzFeed

it's kind of like really BuzzFeed but

this is a report that is circulated

throughout the US government pretty

regular regularly and it doesn't help

that BuzzFeed is reporting that in June

Chinese employees at bite dance

confirmed that essentially they have

access to monitor our locations and some

of our data birthdays phone numbers and

so on of course tick tock's owner bite

dance and the CEO suggests no we want to

work with regulators and we're totally

willing to work with regulators and one

of the biggest is actually c f i u s

this is the committee on foreign

investment in the U.S and they're

working with tick tock on leading the

regulatory charge to make sure there are

indeed robust protocols and oversight by

U.S Regulators as the CEO of tick tock

said says is a top priority for him but

the Biden Administration hasn't really

been pushing for concerns over Tick Tock

or resolving concerns over Tick Tock so

a lot of folks are skeptical that this

organization cfius some people call it a

ciphius cypheus something like that how

whatever you want to call it it's the

same organization it's a part of the

Treasury Department and some folks are

just saying Biden the Biden

Administration isn't actually giving

them enough pressure to make sure that

Tick Tock is ensuring our data is safe

as soon as possible Biden has mostly

been relaxed about concerns over Tick

Tock compared to certainly Trump now I

personally also wonder if I have tick

tock on my phone does that mean they

could potentially have access to

password apps on your phone like the

ones built into the Apple ecosystem the

Android ecosystem Safari Chrome or other

password apps

that would be concerning because that

potentially then has access to

everything your passport numbers your

social security numbers your bank

account numbers your credit card numbers

and that's not really popular but what

else is not really popular is the idea

of actually Banning Tick Tock see

telling Google and apple to ban Tick

Tock probably won't work given the free

enterprise Market that we have in

America

regulating Tick Tock might work but it's

going to be really hard to make sure

data doesn't end up flowing over to

Beijing

you could on a localized basis have

companies say hey you're not allowed to

have tick tock on your company phone or

military departments might say Hey you

have to install these endpoint

Management systems that ban you from

having tick tock on your phone that's

entirely possible as well and probably

the more likely Direction since the FCC

Can't Ban Tick Tock alone the Pentagon

Can't Ban Tick Tock alone maybe Congress

can do it but we don't think Congress is

going to do anything for the next two

years since they pretty much can't agree

on anything other than barely eeking

through a budget and now we're back to

gridlock where Republicans control the

house and Democrats control the Senate

and since this isn't really a big

bipartisan priority even though you do

have senators from both sides of the

aisle interested in Banning Tick Tock it

seems unlikely that before the 2024

election anything's ever going to change

with Tick Tock so what's my take well my

take is Tick Tock isn't going anywhere

anytime soon it would be extremely

unpopular with a lot of people including

my wife and it would anger a lot of

people sure people could just go to

YouTube shorts and Instagram which they

probably would if it were banned but the

odds of it actually getting banned are

pretty dang low and if you're concerned

yeah maybe you want to delete tick tock

if you're not concerned then

business as usual I suppose and good

luck but if you start seeing more

Chinese propaganda

now you might know why