Hey everybody, Nathan Rich here again.
Today I want to talk to you about what might be happening with this ban of
Tencent Holdings in the United States.
As I'm sure you're aware, recently, it was announced that ByteDance and its
subsidiaries, including TikTok, will be banned in America if they were not
sold to an American company, which I'll talk about in another video.
But what I think is even a bigger deal is the potential banning of Tencent
and its subsidiaries, because Tencent has ownership in a great deal of
American and Chinese and other companies, some of which make products that
everybody knows. Also, while TikTok is cool for sharing videos and whatnot,
which has as much more of a utility that Chinese people will use because it's
how they communicate with their families, it's how they pay for things, it's
just it's tons of different things, which I'm also going to do a video about.
In addition to just WeChat, Tencent Holdings has ownership in many, many
different industries.
And the wording of the announcement is such that any dealings with Tencent or
its subsidiaries or any of those subsidiaries or any products at all will be
totally banned. So, for example, Universal Music Group or Warner Music Group
would be banned and their properties would also be banned.
Now, that probably doesn't sound too big of a deal.
Unless, of course, you like any of these musicians, in which case you won't be
able to listen to them or buy their products, or go to their concerts and
they may have to sell all of their ownings and property to go be homeless and
beg for change. It's not just all of those hundreds and hundreds of huge
musicians that you wouldn't be able to listen to.
If you use Spotify, you might be in big trouble.
Tencent also has ownership in companies like Activision-Blizzard.
So if you play Starcraft or Diablo or Warcraft or World of Warcraft or
Hearthstone or any of those types of games, well, they may all be shut down
as well. And this is kind of the problem with these wide open executive
orders from presidents that seem sort of not well thought out and not well
written is they can lead to all of this shutting down all of this...
The servers can be shut down, the products can be stopped.
And this can really negatively affect the economy of the United States as
well. Now, I know what a lot of you guys are thinking.
According to an L.A.
Times reporter, the White House said, "Oh, it's only about WeChat." But
here's the interesting thing about when the White House says, "Oh, This law
only is about this thing or that thing.
" If you remember, the United States recently passed a bill that trying to
help encourage breaking Hong Kong away from its country and creating war,
chaos, panic and disorder inside of China.
It was very unsuccessful.
But one interesting thing to note is the bill that they passed allows Donald
Trump or really any president of the United States to detain, arrest, charge,
seize the assets of, literally any one in the entire world.
All they have to do is say, "Oh, that person has something to do with the
fate of the city, Hong Kong not going in the direction that the United States
wanted to go in."
And suddenly they can seize all their assets, arrest them, arrest other people
who try to protect those assets and just have unprecedented control over
these people. Again, whether or not they're United States citizens or Chinese
citizens, no matter what country they're in, in the entire world.
And there's no clear oversight on this.
But don't worry, the United States says it's not going to do that.
Right? This is the problem with these types of bills.
That's the problem. They say they won't do that, but they never fix the
wording on the bill, for some reason.
So hopefully this is just about WeChat, in which case this would just be a
very large step toward socialism for the United States, as the government
directly starts influencing and controlling the market.
Because even if that's the case, the last thing that I want is a decoupling
of world powers that leads to increased instability.
So hopefully that's not what happens.
I have a lot more to say on this subject.
And if you haven't noticed, I'm tending to do more videos that are a little
bit shorter for everybody.
So let me know what you think about this different kind of format, as I think
a lot of people don't like to watch very long videos.
I do want to also do some long videos, but I'm kind of trying to mix them up
a little bit. So let me know what you think.
And if you want to support this channel, you know where to go.
Otherwise, till next time.
Thanks, everybody. Xiexie