Name: How China is Taking Advantage of American Corporate Greed to Buy Land
Uploaded: 2024-06-19T18:29:16.000Z
Description: Watch the stand-up comedy video 'How China is Taking Advantage of American Corporate Greed to Buy Land' from Theo Von Clips on Comedy Buff. Published 2024-06-19. Transcript available.

Watch the stand-up comedy video 'How China is Taking Advantage of American Corporate Greed to Buy Land' from Theo Von Clips on Comedy Buff. Published 2024-06-19. Transcript available.

the days are over where people have anybody else's best interest a lot of over
like it's
where companies certainly don't because they're not an individual yeah it's a
spreadsheet they're
thinking with a different yes they are they're thinking it's a spreadsheet
trying to have a
brain yes and so like how if you're china right and you now have like some of
the biggest sovereign
wealth funds you know which is what does that mean oh man it's it's crazy
because you know i have
friends i grew up with some of them got advanced degrees from college and some
of them barely
graduated high school i mean i was somebody that barely graduated high school
but you know they
didn't go to college right and and so like i have a huge spectrum of of people
i love and someone will
tell me about like the illuminati the illuminati are controlling things i'm
like dude no but go look
at sovereign wealth funds right sovereign wealth funds are countries like china
that are pooling
together these huge pools of cash trillions and trillions and trillions of
dollars and then they
can they can use that strategically to buy things you know to drive the markets
how they want now here in
the united states we just believe that the profit is how everything so like oh
if you can make more
money doing a than b then you should go do a because that's how our system
operates but china goes no no
we want to create the most jobs we can for the country and therefore we're
going to take all of our
assets we're going to try to create the most jobs not the most profit but the
most jobs right and so then
what happens is you have smithfield foods one in four american pigs and you
have a chinese company
and they go like we don't care necessarily about per se driving the maximum
profit right like our
government is saying to us that we need to go overseas and buy up food and
water so we'll pay you
a 30 premium over the share price well for the american company that's like 30
premium over the share
price like i have a fiduciary responsibility to my shareholders like i have to
sell the company like i have
to give you guys the company otherwise i can actually legally get in jeopardy
here for saying no to that
offer right because i'm i am i'm legally obligated to return profits to the
shareholder well the chinese
company is operating under a completely different system right and so that's
where you begin to see
gosh this is probably super in the weeds but that's where you begin to see like
this international
power play and like you're talking about like where the us is so focused on
profits china's like cool
you're super focused on profits we're focused on the future and we can
manipulate you because you're
super focused on profits oh because if they own a fourth of the of the industry
yeah or they just
know like the american company is always going to do whatever is most
profitable and and and we don't
like so we can buy that you know like they they know how our system works right
and they're getting
better at manipulating that system is like right out of the gate when i started
looking at you saying so
instead of this of this american company saying hey this is an american company
let's keep it here
let's keep it american it's a part of like you know it affects our um gdp all
these sorts of things
um they just think oh for profit and china knows that so it's like let's just
pay more and we'll
definitely get it that's exactly it's a wrap that's it because the way that the
american companies built
their shareholders would get upset if they didn't if they took a vote the
shareholders were like why
didn't you do it we would have made dividends or not only why wouldn't you but
we could
sue you and probably win right if you didn't return us the max profits and so
china has
china has sovereign wealth funds which are literally trillions and trillions of
dollars of pools of
cash whose money is it theirs it's their money yeah individuals or the
government the governments okay
yep and the government can decide how to allocate that right and so the you
know if the us had that
you'd always be allocating it for whatever is going to make you the most
profits china's going to be
allocating it potentially for whatever gives them the most political strength
whatever makes them
the most powerful country it's very different and that's what sovereign wealth
funds are and they've
become huge they're like as i understand i wouldn't talk to this professor this
academic at stanford who's
one of the foremost experts in the country on these things as i understand it
it's a fairly they're fairly
new the the middle eastern countries uh saudi arabia qatar uae they also have
really big sovereign wealth
funds china's got really big sovereign wealth funds surprisingly norway has a
really big sovereign wealth
fund um but they can use these things strategically especially against a like a
profit driven country like
the u.s wow so it's crazy that to think that being profitable could be your
weakness that's interesting
right yeah wow the world's largest sovereign wealth fund as of december 2022
was china investment
corporation managing assets reaching around 1.35 trillion us dollars where do
we rank in that pull up like
the top 10 list of sovereign wealth funds norway qatar gic the one we just
talked about national
welfare oh no china 10 investment corporation and tamasek that's singapore
public investment fund could
be us but who knows oh it's saudi arabia huh so those are the big 10 biggest
sovereign wealth funds so
those can really somebody's gotta have a list for how much assets each of them
have at 1.7 trillion seems
small to me but we're not even on the top 10 list we don't we don't operate a
sovereign as far as i know
the u.s doesn't operate a sovereign wealth fund like this because it's not how
we think got it yeah
yeah you start to yeah you don't uh you don't think about how perspective and
mindset um
affects how an entire country operates really no the united states does not
have a federal sovereign
wealth fund but several states do these funds are usually smaller than
international sf
swfs and can serve different purposes for example the alaska permanent fund
corporation
established in the early 1980s has roughly 67 billion in assets and was created
to ensure that
alaskan citizens benefited from oil extracted from state lands wow that's
important and that's like
norway too norway's is very similar to alaska where it's like they they are an
oil wealthy nation
and so they created a sovereign wealth fund um to bet to benefit the citizens
oh that's smart texas also it
says has two sovereign wealth funds including the texas permanent school fund
which was founded in 1854
and manages 46.5 billion in assets to benefit public schools wow that's pretty
incredible yeah just to
think that they had that forethought yeah yeah totally and they're gonna think
maybe i'm gonna own the
land the schools on just different things like that yeah and then so these
foreign countries have
these massive pools of cash that they can use strategically yeah it started it's
interesting man you
started like seeing the the the chess players on the board yeah moving in
different ways yeah