00:00:51.000He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:58.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:47.000You're more invested in economic conditions.
00:01:50.000When you rent, you're not as invested in community dynamics, in property taxes.
00:01:55.000You are the recipient of those eventually, but you're also not building long-term value or equity in your home.
00:02:02.000The entire tax code is written actually in a way to try to get, obviously, interest is deductible on your tax return.
00:02:10.000The entire tax code is written as a way to try to incentivize home ownership.
00:02:14.000And largely, that's been a good thing with some obvious hiccups for other reasons outside of the mortgage interest deduction in 2008 and 2009 with the entire collapse of the housing market, largely because of Fannie and Freddie and subsidizing people to go get loans that should not be getting loans.
00:02:32.000You see, the lesson that we did not learn post-2008 is that Washington, D.C. flooded the market with cheap money.
00:02:40.000And we had the Federal Housing Act that was incentivized, the Community Reinvestment Act that was incentivizing, giving out loans for two, three, four multiple homes.
00:02:52.000And you had somebody that was cleaning homes that was able to own two or three homes.
00:02:58.000It fell apart and almost brought down the entire economy with it.
00:03:01.000No money down, in fact, in some of these communities.
00:03:05.000We should have a set of policies where people that save money and engage in one of the core principles of Western civilization get rewarded.
00:03:29.000There's a lot of things that make the West the best, but you could summarize one of the differentiators of the West versus Middle Eastern countries or even some Asian countries, delayed gratification.
00:03:41.000I am going to sacrifice today so somebody else can succeed beyond me.
00:03:48.000This idea of delayed gratification is I'm not necessarily going to go max out my credit cards.
00:03:53.000I'm not going to borrow money I do not have.
00:03:56.000The greatest generation were historically some of the greatest in financial management, having good credit, and participating in delayed gratification, planning for the future.
00:04:08.000Now, of course, our entire regime in Washington, D.C., does not believe anymore in delayed gratification.
00:04:14.000They believe in cheap money and instant gratification.
00:04:16.000They couldn't care less about the debts and the deficits.
00:04:18.000This is both parties, by the way, that they are handing down to the next generation, trillions and trillions and trillions and trillions and trillions of dollars of new debt, nearly tripling the federal debt since 2010, tripling in 13 years.
00:04:31.000Spending money we do not have to a generation that cannot yet vote.
00:04:35.000So we've seen this pattern emerge where delayed gratification is no longer admirable.
00:04:40.000Where those of you in this audience that say, you know what, we're not going to go on a vacation that we can't afford.
00:04:45.000You know, we're not going to go out to eat at the local steakhouse.
00:04:48.000We're not going to max out our credit cards.
00:04:50.000We're actually going to pay off our credit cards.
00:04:52.000We're going to try to build good credit.
00:04:54.000This was always something that was considered to be common sense.
00:04:58.000That we wanted to try to incentivize, that we want to try to reward.
00:05:02.000That if you're going to spend money you do not have, you're going to get a lower credit score.
00:05:06.000You're going to get a lower FICO score.
00:05:08.000And you might not be able to buy the home of your dreams.
00:05:11.000You might not be able to participate in home ownership.
00:05:14.000So therefore, there was a check in a balance and an incentive to try to act responsibly when it comes to borrowing money.
00:05:22.000Well, under the guise of equity, again, another piece of evidence to our hypothesis that is being proven true every single day, which is what happens on college campuses to not stay on college campuses, the guzzle of cheap money is only continuing.
00:05:38.000As you know, mortgage rates have gone up significantly in the past year by a lot, thanks to the Federal Reserve needing to aggressively hike interest rates to contain inflation.
00:05:46.000Higher interest rates obviously mean that if you're looking to buy a home and you're a young married couple and you take out a 30-year, $300,000 mortgage at a 3.5% interest rate, in this particular case, your monthly payment would be about $1,350 and the total cost of your mortgage over 30 years after all interest is paid would be $484,000.
00:06:05.000Now, imagine that instead of 3.5%, the interest rate is 6.5%, which is about where it is right now.
00:06:10.000Your monthly payment would actually be $1,900 a month.
00:06:14.000And the final cost of your mortgage will be $682,000, nearly $200,000 more over 30 years.
00:06:22.000So you might say, well, Charlie, this is all common sense.
00:06:29.000Well, there's a new rule that's going to be instituted on May 1st around something called an LLPA, a loan-level price adjustment.
00:06:38.000Under the guise of equity, pushing towards equity, Fannie and Freddie, which should have been disassembled after the 2008 financial collapse, the federal-backed mortgages are now going to make a new rule.
00:07:01.000These are unelected bureaucrats making a unilateral decision to punish you if you have good credit.
00:07:06.000This right here is an all-out penalty, a walloping, if you have decided to engage in delayed gratification.
00:07:14.000And those of you maybe in this audience that have made bad decisions, gone on vacations you can't afford, max out your credit cards to go to four seasons, going to steakhouses, and you have bad credit because you made bad decisions.
00:07:24.000Well, here's where the new regime comes in.
00:07:28.000Now, LLPAs are price adjustments to a loan reflecting how risky it is.
00:07:31.000If you have good credit, traditionally you pay less, obviously.
00:07:37.000If you have bad credit, well, then you're going to pay more because you got to prove to the bank, you got to prove to the lender that you're a good bet.
00:07:44.000But no, no, no, no, because of equity, the whole game has changed.
00:07:49.000This new rule says that if you have bad credit, you pay less.
00:07:54.000And if you have good credit, you pay more.
00:08:00.000The moral fabric of the country is already basically gone.
00:08:03.000But now this is just another reflection of the moral fabric being gone.
00:08:07.000No longer are we a country where we want to say, good job, dutiful citizen, for saving money, not going out to eat every night, for going to the grocery store, for using coupons, for investing.
00:08:23.000If you've made good financial decisions.
00:08:25.000According to the Washington Times, which reported on this, quote, mortgage industry specialists say homeowners, home buyers, home buyers, homebuyers, with credit scores more than $680 will pay more than $40 a month, $480 a year.
00:08:42.000Homebuyers who make down payments of 15 to 20% will now be socked with the largest fees.
00:08:50.000According to Fannie May, these new fees reflect, quote, our effort to increase support for borrowers historically underserved by the housing finance market.
00:09:07.000This was one of the few good things that we had in our financial system.
00:09:11.000If you do not know how to manage your finances, you're not a good bet.
00:09:15.000You shouldn't be able to get into the housing market easier than someone that paid their bills, worked two jobs, and refused to go into debt, that didn't just pay the interest on a credit card.
00:09:24.000In other words, this is all about equity.
00:09:26.000The housing market, they say, is racist.
00:09:29.000Now, they didn't outwardly say this, but this is the buried lead here.
00:09:32.000Because people with good credit can get loans more easily with bad credit.
00:09:37.000If you're bad with finances, it should be harder than you.
00:09:40.000You know how many people, how many of you in this audience, I bet, have worked your tail off for years to make sure you have good credit, sacrificing extra jobs, foregoing vacations.
00:09:49.000You know what the government is telling you?
00:09:50.000You know what the Biden regime is telling you?
00:09:57.000Not only are we going to exempt you, not only are they saying that, well, we're going to make bad credit and good credit the same, it's even worse than that.
00:10:05.000They're saying that if you have good credit, if you've done the right thing, if you have been prudent, if you have been responsible, you pay more.
00:10:12.000And if you have been irresponsible and reckless and going out with the boys to Vegas on a trip you cannot afford, you get rewarded.
00:10:56.000Check it out right now, relieffactor.com, relieffactor.com.
00:11:02.000One of our listeners emailed us, Charlie, we're on the fence whether or not to buy a home.
00:11:06.000By the way, one of our partners we talk about on our podcast a lot, AndrewandTodd.com, because if you guys are in the market, you guys should talk to them.
00:13:13.000Right now in America, this current regime, this Republican-Democrat uniparty of cultural takeover, as we're living through the cultural revolution, it prioritizes the criminal over the law-abiding citizen.
00:13:26.000We elevate the groomer over the parent, the looter over the business owner, the trans terrorist over the normal citizen, the violent over the peaceful, the absurd over the rational, the ugly over the beautiful.
00:13:43.000We were living in a time when the profane is given more preference than the holy, the reckless over the restrained, the instinctive over the prudent, the foreign over the domestic.
00:14:01.000In society right now, we are giving greater preference to the fragile over the tough.
00:14:06.000The liar gets treated better than the person who tells the truth.
00:14:11.000The indulgent over the disciplined and the fool over the wise.
00:14:15.000We have seen this pattern of the great inversion of Western values, where if you recklessly spend money, you get rewarded.
00:14:22.000You get more of what you subsidize and you get less of what you punish.
00:14:26.00010 years ago, we lived in a country where we had to save money and to not engage and not indulge because there would be a cost or a consequence to that.
00:14:35.000Life is a series of consequences and costs.
00:14:39.000Well, in this situation, we are deciding to say the trade-off to engaging or indulging no longer exists.
00:14:48.000What does this mean then for those of you that decided to save up money, decided to get good credit?
00:14:53.000Your government is basically not just calling you a sucker.
00:14:56.000The government says, well, you shouldn't have done that in the first place.
00:14:59.000But isn't that the pattern we've seen emerge where criminals get treated better than law-abiding citizens, where groomers are treated better than parents?
00:15:09.000This is an assault on meritocracy, homeownership, and the American dream.
00:15:28.000Especially you young people out there that are trying to maybe get married and have kids and buy a home.
00:15:35.000You know, this story right here: quote: homeowners with credit scores of 680 or more or higher will pay, for example, about $40 a month more on a home loan.
00:15:46.000It's a tax on those that believe in delayed gratification.
00:15:56.000I don't know about you, but it takes a lot to shock me these days.
00:15:58.000To see our judicial system resemble a third world banana republic, to see trusted American companies embrace insane and destructive woke ideologies is sometimes depressing.
00:16:08.000We must fight back, and that starts with changing the way we spend our money.
00:16:11.000For years, big mobile companies have been dumping millions into leftist causes, and we had to take it because another option did not exist.
00:16:18.000Patriot Mobile is America's only Christian conservative wireless provider, offering dependable nationwide coverage on all three major networks.
00:16:25.000So you get the best possible service in your area without the woke propaganda pushed by left-wingers working hard to destroy America.
00:16:32.000When you switch to Patriot Mobile, you support free speech and religious liberty, the sanctity of life, Second Amendment, and our military veterans and first responder heroes.
00:16:39.000Go to patriotmobile.com/slash Charlie.
00:16:42.000That is patriotmobile.com/slash Charlie or call them at 878-PATIOT.
00:16:46.000Get free activation today with the offer code Charlie.
00:16:48.000Ask about their coverage guarantee while you're there.
00:17:04.000Check it out: patriotmobile.com/slash Charlie.
00:17:09.000In America, we should have a tradition of free speech, but a Christian school, allegedly Christian school, Whitworth University in Spokane, Washington, has just voted to block a turning point USA chapter from hosting a Chinese dissident.
00:17:28.000Yeah, we have nothing to learn from a Chinese dissident.
00:19:18.000These people, these students, do not have the correct information.
00:19:22.000And they were fed with false information and misinformation.
00:19:26.000But even if, I mean, those accusations aren't true, but even if there was some truth to it, who the heck are they to say that a Chinese dissident who survived Mao's China is not allowed on campus?
00:19:35.000And so let me ask you, Zi, you know, you survived Mao's China as a dissident.
00:19:40.000Was the suppression of free speech something that you saw Mao Zedong do during the Cultural Revolution?
00:19:47.000And that's what I really, really want to do for the young people to give them a little history lesson that they never had.
00:19:55.000I lived in Mao, China, and I witnessed what it is like to live in a society that free speech was not allowed.
00:20:04.000And not only free speech, any speech was not allowed.
00:20:08.000There were crazy stories of people who just made a comment, for example, of the Risen Prize, and they were arrested, being accused of attacking socialism, smearing socialism.
00:20:34.000These young people have no idea where this country is going to.
00:20:41.000When we get there, no one can speak, including all those on the left.
00:20:48.000So, this is a group of 13 students that voted on this that have authority and power to police speech at Whitworth University.
00:20:58.000They're a private university, so they're not bound by the First Amendment, but they're making a huge mistake, obviously, because they say that you're an ambassador of hate and all this.
00:21:06.000When in reality, they're the bigots because they actually don't want to hear different ideas, but they really don't care.
00:21:12.000Again, it's Whitworth University in Spokane, Washington, pretend to be a Christian university.
00:21:16.000What would your message be if you were able to get on this campus or any other campus?
00:21:20.000What would you try to teach these students?
00:21:35.000Yes, actually, I just yesterday I talked to the students on the campus of the University of North Carolina, and I gave them a presentation about the parallels of the true cultural revolution that I experienced.
00:21:50.000One 50 years ago in China, Mao's great proletarian cultural revolution, and one is the woke revolution that is unfolding in front of our eyes.
00:22:05.000And how they divide people in China, it's by class, and here it's by race and gender or whatever intersectionality.
00:22:17.000And how they attack family, how they groom the children in China.
00:22:24.000We were taught, even though your parents are biological, the real parents were the party and the chairman Mao and attacked faith and cancel the culture and destroy the tradition.
00:22:36.000Everything that I witnessed in the cultural revolution is playing out right here in front of us.
00:22:43.000So, that's what I want to tell them: wake up.
00:22:46.000We are really seeing history repeat, but they don't know because they're never taught history.
00:22:56.000So, Xi, can you just dive deeper into one of those elements?
00:23:00.000Is it fair to say that under Mao's China, there was a direct and deliberate campaign to destroy the bond between a child and a parent, to turn children against their parents, their biological parents?
00:24:18.000And someone asked me, what did your parents tell you during the Cultural Revolution?
00:24:22.000Nothing, nothing, because they don't trust their kids.
00:24:26.000They know if they share their political views, which is if it happened not to be the correct review, the view, they have the risk of being reported by their kids.
00:24:40.000That's how they destroy the family in China.
00:24:44.000So you came to America in 1986 and the country's changed a lot since then.
00:24:51.000And could you have ever imagined that when you first came to America and successfully escaping Mao's tyranny, did you ever think that America would look more like Mao's tyranny than not?
00:25:13.000But I was just really heartbroken to see the same things happening here.
00:25:19.000One of the things I was so happy to see is that here in America, I no longer have to censor my thought and I can speak my mind, but it's no longer the case.
00:26:22.000And I think, and people ask me what it's like.
00:26:26.000And yesterday, the student asked me, when did you realize you were indoctrinated?
00:26:30.000And I said, I never realized I was indoctrinated when I was in school until finally after the Cultural Revolution, I went to college.
00:26:40.000I started to get information from outside the outside world.
00:26:46.000And when this time that it was no longer illegal or crime to listen to BBC and the voice of America.
00:26:55.000And that's how I started to see, okay, there is another version of whatever truth, because we were told there's only one version of truth, only one version of the fact.
00:27:09.000That's the whatever we're fed by the CCP.
00:27:16.000People do not get the correct information, not correct information, just different information of different perspectives.
00:27:23.000They were fed with one version that is controlled by the academia and the mainstream media.
00:27:32.000And that's exactly the same situation I saw when I was in China.
00:27:36.000Just a reminder for the audience, G Van Fleet was going to speak at our turning point USA chapter at Whitworth University, but by a vote of nine to four, the student council at Whitworth University said, We know everything.
00:27:50.000G Van Fleet can teach us nothing, and she's not allowed on campus.
00:27:54.000That is Whitworth University in Spokane, Washington, who pretends to be a Christian university, but says that Maoist Mao dissidents are not allowed, even though they're the ones acting like Maoists.
00:28:08.000So, G, you've lived through Mao's China.
00:28:11.000Now you're living through the left's totalitarianism of America.
00:28:16.000Some people say that, well, they're just going to stop, that the left will stop and that they're, you know, this is going to get too insane.
00:28:23.000Based on your expertise and your lived experience, is there any evidence that the bad guys are ever just going to stop unless we stop them?
00:33:03.000Honestly, shame on us as a country if we don't listen to people like Yan Meepark and people like G Van Feli that are trying to warn us that we're bringing Maoism to the shore.