The Matt Walsh Show - May 18, 2026


Ep. 1781 - The Hidden Reason Why Prices Are Skyrocketing


Episode Stats


Length

43 minutes

Words per minute

165.4936

Word count

7,242

Sentence count

434

Harmful content

Misogyny

1

sentences flagged

Toxicity

1

sentences flagged

Hate speech

68

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Supreme Court rules that brokers can be held liable for trucking accidents. But what does that mean for the trucking industry as a whole? And who will be the next trucking broker to lose their job in the wake of this ruling?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Let's be honest. The cost of living isn't just high, it's exhausting. If you've been leaning on credit cards lately just to cover the basics like groceries, gas, and utility bills, you're essentially paying a survival tax of 20% interest or more.
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00:00:55.300 You know, it's supposedly very difficult to find a talking head, a bona fide legal expert who's capable of breaking down the impact of a Supreme Court ruling in a thorough and accurate manner.
00:01:07.320 Some of these commentators are paid hundreds of thousands of dollars a year for their expertise.
00:01:11.340 And in one case, a well-known Supreme Court analyst performed a sex act on himself on a Zoom call, as we all probably remember, and he still kept his job at CNN.
00:01:21.300 Maybe that was par for the course for CNN Zoom calls, and that's why they didn't fire him.
00:01:25.660 We'll never know.
00:01:27.100 Or maybe that's just how valuable these Supreme Court analysts are.
00:01:29.980 You simply cannot replace them under any circumstance.
00:01:33.200 And yet, over the weekend, a random truck driver somehow managed to upstage all of these vaunted experts.
00:01:39.720 The trucker, based on his firsthand industry experience, offered his assessment of the ramifications of the recent Supreme Court case, Montgomery v. Caribe Transport, LLC.
00:01:51.740 And this case was about a man named Sean Montgomery, who sustained severe and permanent injuries after his tractor trailer was struck by another truck driven by a man named Josnil Varela Mohina.
00:02:05.300 Now, to give some more background, Mahino was a trucker working for a company called
00:02:09.920 Caribe Transport, LLC, and the shipment he was hauling was arranged by a major broker
00:02:15.540 in the industry named C.H. Robinson Worldwide.
00:02:18.120 Brokers are typically hired by companies like Walmart or Costco to find a trucking company
00:02:22.860 that can ship their goods.
00:02:24.060 And in this case, Caribe Transport merely had a conditional safety rating from the Federal
00:02:30.240 Motor Carrier Safety Administration, which means that they can technically operate for
00:02:34.020 now, but they're considered a higher risk because they don't have adequate safety management
00:02:39.080 controls in place. In particular, Caribe Transport was found to be deficient in terms of their
00:02:44.400 driver's qualifications, crash rate, and other factors. Why are they allowed to still operate
00:02:50.500 when they're known higher risk? I don't know. Nevertheless, C.H. Robinson, as the broker,
00:02:56.340 hired Caribe for the job, even though they should have been aware of the company's issues.
00:02:59.940 and shortly afterwards, somewhere in Illinois, Mahina veered off the road and smashed into
00:03:05.960 Montgomery's tractor trailer, which was stopped on the side of the road. Montgomery's leg had to
00:03:10.840 be amputated. Now, the legal issue in the case was whether the broker, in this case, C.H. Robinson,
00:03:15.680 could be sued for negligence. In other words, if a broker finds an incompetent trucking company
00:03:23.240 for a client, and then the truck gets into an accident, can the broker be sued? Can the middleman
00:03:30.100 be forced to compensate a victim in addition to the trucking company? By a unanimous 9-0 vote,
00:03:35.840 the Supreme Court held that indeed the broker can be liable. And here's how the trucker broke down
00:03:41.260 the upshot of this specific ruling. Listen. So I'm over here in Eden, Ohio, and there's a bunch
00:03:49.140 of foreigners over here. You know, this guy right here, the guy right next to me, all along in all
00:03:56.380 these trucks, okay? None of them can get loads out of Ohio today. And I was talking to the Iman guy
00:04:04.260 right here when I was in there at the Punjabi place getting something to eat. And he said that
00:04:10.080 the reason that they can't get freight out of Ohio today is because the freight brokers won't work
00:04:17.020 them anymore okay apparently what has happened is that you know yesterday they had the rule the
00:04:24.220 supreme court ruling that found brokers could be held liable for accidents with carriers with red
00:04:29.580 flags apparently that the trickle-down effect happened like that okay brokers are just saying
00:04:36.060 no there's a whole lot of other trucks we don't need you we're not going to use you no more okay
00:04:41.420 I was looking up at some of these DOT numbers to these guys, and they do have a pretty substantial track record of unsafe behavior, accidents, high out-of-service rates, things like that.
00:04:54.380 So guys, here's what I've got to say. This is going to be changing in a hurry. Brokers are not just thinking once about it. They're thinking twice, three, and even four times about who they want to work with.
00:05:06.680 If you're an established U.S. carrier, you know, between one and 15 trucks, you better hope to God you have a proven track record with these brokers because they're on the hook now.
00:05:19.200 They're on the hook in ways that they've never experienced before.
00:05:25.100 So it really is this easy. 0.99
00:05:27.080 All you have to do if you want to stop the constant stream of foreign truckers who are killing Americans is punish the people who are hiring the truckers. 0.99
00:05:34.820 don't take away their license. That's meaningless. They'll just hide behind another 1.00
00:05:40.320 shell company where every single employee is named Kumar and everyone has the exact same
00:05:44.600 birthday. But if you financially destroy everyone who hired an incompetent foreign truck driver,
00:05:49.880 then the roads will get a lot safer very quickly. And that's what we're seeing right now. Nobody 1.00
00:05:54.640 wants to hire a trucking company that hires illegal aliens who can't speak English or read 1.00
00:05:59.600 the road signs. Now, of course, it should not have taken a Supreme Court ruling to get us to 0.74
00:06:05.200 this point. Congress should have acted sooner. All the same, it's a victory that we should
00:06:09.700 celebrate. About a year ago, if you remember, we did several shows back to back about all the
00:06:14.380 foreign truck drivers, many of them from India, who wiped out entire families in the United States 1.00
00:06:20.420 and Canada. We showed the videos of the truckers who were on their cell phones while they were
00:06:25.480 driving only to crash into the back of stopped cars and kill everybody inside. In this case,
00:06:30.420 a grandmother and her grandchild were killed. And most of the time, truckers who commit these crimes
00:06:35.140 aren't punished to any significant degree. A Canadian trucker who blew a stop sign and killed
00:06:39.260 16 people, wiping out an entire junior hockey team, was paroled in five years for killing 16 people.
00:06:49.520 They aren't even deporting him from the country. And then, of course, there were the many cases
00:06:54.560 in the United States, including this illegal U-turn on the Florida Turnpike that resulted
00:06:58.480 in three fatalities. The driver was an illegal alien from India. And we stopped covering these
00:07:04.160 crashes in detail after a while because there were simply too many stories to cover. And it's
00:07:09.140 similar to how in the early days of the Russian Revolution, newspapers stopped reporting on
00:07:12.840 bombings and assassination attempts that were happening so often that the newspaper editors
00:07:16.720 lost track of them. And here's just one recent example of how devastating these crashes are and
00:07:22.400 how quickly they can happen. This report aired just a couple of days ago on CBS Watch.
00:07:31.780 This is what Ohio State troopers confronted, responding to a crash outside of Cincinnati
00:07:37.720 the day before Christmas 2022. Can you hear me? A tractor trailer heading north on I-75
00:07:45.360 crossed the median and slammed into two vehicles. They were texting me throughout their drive,
00:07:52.400 seeing how close they were where they were and then i heard nothing amy ross had planned to host
00:07:59.040 christmas for her family that year in those two cars her mother kimberly a sister lauren
00:08:06.640 another sister karen and brother-in-law jeremy baney and that's when we got in touch with the
00:08:14.320 police and the police said they're all gone and there was nowhere to go there was no hospitals to
00:08:20.560 to go visit them at. They were just gone. It's like this can't be real. The driver of the truck,
00:08:28.440 a Cuban national with a green card, had left Miami two days earlier in a truck that police said
00:08:34.620 had a stolen federal registration number. Empty, where'd you deliver at? Yeah, I'm delivering
00:08:40.240 warmer. A toxicology report showed elevated levels of cocaine and methamphetamines in his system.
00:08:48.100 After the crash, the driver fled back to Cuba.
00:08:53.000 How does a guy like this end up hauling goods for Walmart?
00:08:57.340 I don't think that this driver or many others like him end up on the road,
00:09:02.340 but for the broker, turning a blind eye. 1.00
00:09:09.140 So he's a Cuban national, high on meth and coke, 1.00
00:09:12.780 driving a truck with a stolen registration number, 1.00
00:09:15.180 And after wiping out a family, he is allowed to flee the country.
00:09:18.760 The authorities in Ohio didn't even place him in custody.
00:09:21.980 So you're making sure that your license gets renewed on time.
00:09:25.760 And, you know, you're making sure that your title and registration are up to date.
00:09:29.640 You're following all the rules. 1.00
00:09:31.960 And in the meantime, foreigners are driving 40-ton 18-wheelers without any documentation for themselves or for the truck. 1.00
00:09:39.040 And even when they kill several people, they don't suffer any consequences whatsoever. 1.00
00:09:46.040 This is why new certification standards and stricter licensing and all that don't really accomplish anything.
00:09:52.560 States like California don't enforce any of the regulations, and DAs, even in red states like Ohio, aren't actually putting any of these people in prison. 1.00
00:10:00.540 Without any incentive to follow the law, the foreigners aren't going to follow the law. 1.00
00:10:05.040 And that's why this Supreme Court ruling is so significant. 0.99
00:10:07.620 For the first time, the brokers feel like they might be liable if they hire an illiterate foreigner with a terrible safety record. 0.83
00:10:15.180 Now, it's true that partially as a result of this ruling, the cost of freight is going up dramatically.
00:10:21.040 This is a chart from Craig Fuller at Freight Alley, and it shows that flatbed trucking rates in this country have just hit a new all-time high.
00:10:29.600 This is a metric that reflects industrial sectors like heavy machinery and construction.
00:10:35.240 Meanwhile, here's the truckload spot rate, which is associated with freight and retail.
00:10:40.600 It's measuring the amount of money that shippers are paying to move freight on the spot market.
00:10:45.600 It's showing the real-time spending rather than pre-existing contracts.
00:10:48.680 As you can see, we're basically at an all-time record, another $0.06 a mile, and we're there.
00:10:54.200 We're at the all-time record.
00:10:55.820 Now, it's true that according to data from the Fed, year-over-year industrial production is up by about 1.4%,
00:11:01.840 so we're producing slightly more than we were last year.
00:11:05.700 But obviously, that's not going to explain such a massive jump in freight costs.
00:11:09.760 What does explain the jump, at least to a meaningful degree, is the fact that high-quality truckers are now in demand.
00:11:15.720 And as a result of this Supreme Court ruling and the increased regulatory scrutiny that's been facing trucking companies for the past year or so,
00:11:22.260 it's a very good time to be an English-speaking, competent American trucker in the United States who knows how to drive a truck.
00:11:31.180 On the other hand, if you're a shady broker or trucking company, it's never been more difficult to obtain insurance or to find a foreign trucker who's is not going to kill an entire family and bankrupt your company in the process. 0.54
00:11:43.920 And we do have to acknowledge that as a result of the Supreme Court's ruling and the increase in truckload rates, there will inevitably be a slight increase in the cost of some goods. 0.73
00:11:53.200 You know, higher transportation costs are always passed along to the consumer, as we all know.
00:11:58.820 And there are concerns that these large jury verdicts might have a damaging effect on the trucking industry as a whole.
00:12:05.500 Watch.
00:12:07.000 We need to make sure that our partners are solvent.
00:12:09.720 And if one of these cases like these nuclear verdicts or a thermonuclear verdict happens, there is no way a broker or most brokers can survive this.
00:12:17.140 I think you're right, Craig.
00:12:18.500 I think you see consolidation and growth among the big motor carers and among the big brokerages.
00:12:24.360 It's going to crush entrepreneurism because if you are a motor carrier and you have a conditional safety rating, who in the world would book freight with you?
00:12:31.420 How in the world after this decision would any broker want to do that?
00:12:35.040 It incentivizes you to go make another motor carrier.
00:12:38.820 Matt, what does it take to get a conditional safety rating?
00:12:41.080 How do you earn a conditional safety rating?
00:12:44.680 A lot of it has to do with the inspections that you have.
00:12:46.640 So if you've gotten some inspections, you come clean, or you have some things that have made you get an intervention status, the FMCSA tries to audit every motor carrier within the first 12 months.
00:12:55.760 And when they try to get in there and try to understand what your business is like, if they find things that aren't great, they're going to say, here's what you have to improve.
00:13:02.220 Here's the plan.
00:13:03.180 There's a lot of industry consultants that help you navigate this.
00:13:06.300 But a conditional safety means you are legally authorized to hire, to haul freight.
00:13:10.700 You can do this.
00:13:11.420 But just because the government says you're safe to do it or you're authorized to do it doesn't mean a party like a broker wants to work with you.
00:13:18.200 And the CH case, this Montgomery case, one of the stories about this was that the motor carrier that was selected had a conditional safety rating.
00:13:24.600 And so it said, I've done what I'm supposed to do.
00:13:27.540 I'm generally considered at what I need to be at.
00:13:30.060 But it doesn't matter because you've made a selection issue.
00:13:32.920 And again, the only time you know these motor carriers are truly unsafe is when something catastrophic happens.
00:13:38.600 When 30 percent of vehicles being inspected are failing, what in the world would you do if 30 percent of all motor cares are unsafe just because they're not meeting out of service criteria?
00:13:49.800 This is a different world. And again, it's the same business.
00:13:52.980 It's just different rules. The brokers are learning that the big asset folks have been dealing with since the very beginning.
00:13:58.480 We've always had unlimited liability. And now that's going to get passed on to some of these larger 3PLs.
00:14:03.940 so he's attempting to make an intellectual argument that nobody has patience for anymore
00:14:09.620 at a certain point when you've seen enough videos of american families getting crushed
00:14:13.320 inside their cars like tin cans suddenly you stop caring about the impact of lawsuits on
00:14:19.240 entrepreneurialism in the trucking industry that's not to say that the trucking industry
00:14:23.640 shouldn't reward entrepreneurs that's not to say that we need more lawsuits in our society as a
00:14:28.640 general rule but we're at the point where there's no other option you know if we had immigration
00:14:33.000 controls in this country, if Joe Biden and Barack Obama had never been president,
00:14:36.860 then maybe we wouldn't need these lawsuits. If prosecutors bothered to enforce the law instead 0.76
00:14:41.740 of releasing these Cuban nationals and letting them flee the country, then maybe we wouldn't 0.82
00:14:47.180 need the lawsuits. But in the world we actually live in, something had to change. Let's take a 0.99
00:14:53.140 look at this graphic from CBS News. Large truck collisions killed 5,300 people in 2024 in the
00:15:00.380 United States. That is a 57% increase from 2009. Every year, thousands of people are getting killed
00:15:08.560 by 18 wheelers, and the problem is only getting worse and more infuriating. And the other aspect
00:15:15.020 of this story, which needs to be mentioned at every opportunity, is that these foreign truckers, 0.95
00:15:20.080 even when they aren't killing Americans, are taking jobs that Americans need. 0.76
00:15:25.000 Truck driving is the number one job for people who don't go to college. It's the biggest
00:15:29.080 profession in many states, often providing a respectable middle-class life, especially in more
00:15:35.020 rural areas. And for many years now, truckers and many of the people who own trucking companies
00:15:39.840 have suffered as a result. The problem was compounded by the post-COVID crash when people
00:15:45.020 stopped buying as many goods and started putting their money into services and experiences.
00:15:50.820 All of a sudden, fuel prices were up, demand was down, foreign truckers were flooding the system,
00:15:55.860 and people who had invested their whole lives into trucking
00:15:59.220 found themselves broke or close to it.
00:16:02.440 This is just one example of what I'm talking about.
00:16:04.060 This is from a small fleet operator in South Dakota.
00:16:06.680 The struggle has been very real these last two years
00:16:09.660 and none stronger than 2025.
00:16:13.120 It reminded me of my youth on the family farm in the 80s.
00:16:16.120 Dad got the new tractor he bought two years prior,
00:16:18.300 repossessed when the market shifted.
00:16:20.020 This was before the government gave you a kickback
00:16:22.160 if you lost money in farming, mind you.
00:16:24.440 The lesson learned for me was never give up.
00:16:26.620 I searched my soul in the worst moments of last year, my wife and I arguing about money,
00:16:30.340 not paying ourselves, working for nothing several months in a row.
00:16:33.600 All of our savings completely gone by the fall of 25.
00:16:36.620 I haven't been this cash strapped since I was a young man out of high school.
00:16:39.800 We thought real hard about giving up.
00:16:41.020 This new environment we find ourselves in means serious change for the transportation industry
00:16:45.000 that has always operated on trust.
00:16:46.980 We are becoming a very low trust society.
00:16:48.600 Therefore, we must adapt procedures and tactics, become more open and honest with sharing who
00:16:53.340 we are and how we accomplish the mission. This is a note of optimism in an industry that for a very
00:16:59.140 long time has been in a very bad state. Things will still be in flux. Self-driving trucks are
00:17:04.920 another big change that's coming soon. But the general trajectory is now positive. And since
00:17:12.060 trucking is one of the most important industries in the entire country, that's a big deal.
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00:20:10.780 code Walsh. Now at the same time, trucking, as important as it is, is just one of many,
00:20:16.740 many areas in which illegal aliens are making our lives worse and doing it in ways that we don't, 1.00
00:20:22.580 many of us anyway, we don't think about, may not even be aware of. Housing is another industry 1.00
00:20:29.620 that's been tremendously affected by the foreign migration, again, in ways and to an extent that
00:20:34.840 most people don't even realize. And also, again, not to be too optimistic on this show, I wouldn't
00:20:40.480 want to make that mistake, but the trajectory very recently is starting to be positive. So
00:20:45.800 admittedly, this change has been easy to miss. Think of it this way.
00:20:51.240 Whenever a secretive authoritarian regime is removed from power, a lot of fascinating and
00:20:57.360 often morbid discoveries are usually made in short order. Recall the hidden torture chambers that
00:21:03.580 were uncovered by U.S. Marines in Saddam's palaces after the invasion of Iraq, or the
00:21:08.660 closely guarded Chernobyl protocols that were uncovered after the fall of the USSR.
00:21:14.400 We're talking about invaluable material for historians, scientists, anthropologists,
00:21:20.660 everybody, you know, the kind of stuff that changes your perspective on world events.
00:21:24.540 Put simply, the remnants of a hostile anti-American government are always worth exploring because you never know what you're going to find in there.
00:21:35.060 This is a phenomenon that, after four years of rule by the Biden administration, applies to the United States just as well.
00:21:43.320 Deposing the Biden regime has led to a raft of important revelations that, if Kamala Harris had won, would have been kept secret and made worse.
00:21:53.100 but now the Democrats have mostly been ousted
00:21:56.440 from the federal government,
00:21:58.260 truly astonishing discoveries are taking place
00:22:01.040 all over the country, particularly in the suburbs.
00:22:03.420 After years of misdirection and outright lying,
00:22:07.520 we're finally discovering the extent
00:22:09.760 of the Biden administration's treachery
00:22:12.260 and there's really no other way to describe it.
00:22:14.980 And many of these discoveries, remarkably enough,
00:22:17.460 are being made by inspectors and mortgage officers
00:22:20.900 who are deployed by banks to check on homes that are in foreclosure.
00:22:25.760 Here's the trend that these inspectors, the modern-day Marines storming the Iraqi palace,
00:22:31.940 are noticing in America's suburbs.
00:22:35.800 Watch.
00:22:37.280 Is this going to become a trend?
00:22:38.760 This is another home where I've been told the undocumented just left.
00:22:46.280 first time here
00:22:49.440 and
00:22:51.060 a lot of this stuff is still here.
00:22:56.780 Looks like they left
00:22:58.060 in a hurry.
00:23:00.140 Not sure what happened, but
00:23:02.320 again,
00:23:05.680 even some of the
00:23:08.060 pantry stuff is still here.
00:23:12.480 Left food behind and all.
00:23:16.280 It doesn't make any sense.
00:23:22.080 Very hard to tell exactly what was going on, but home completely unlocked.
00:23:30.560 Looks like everything left behind was just informed that this house was illegal owned
00:23:37.860 and they self-deported and they're supposed to be full of furniture.
00:23:44.660 it's not full but there's a tv moving boxes who took all the supposed furniture that's
00:23:52.300 supposed to be here i don't know and i told them that because i've been here
00:23:57.320 and it's not full of furniture like they said i mean there's that
00:24:03.940 so these videos are from ants inc who runs an inspection company he's posted dozens of videos
00:24:11.900 like this one, after you watch enough of them, it's hard to dispute his observation that indeed
00:24:17.500 illegal aliens in Texas are suddenly abandoning their homes in very large numbers. And sometimes
00:24:24.580 they take the furniture with them, sometimes they don't. In fact, in that last home, you saw they
00:24:30.820 left their fish tank behind and all the fish died, a horrible death as a result. And the assumption
00:24:37.600 is that these people either fled in a hurry or they were deported. Now, what's interesting is
00:24:42.600 that when this inspector is dispatched to these homes, the bank informs him that they're believed
00:24:48.600 to be owned by illegal aliens. And that raises the obvious question, how exactly does the bank
00:24:56.640 know that illegal aliens were living there? And in a separate video, Ants Inc. explains what's
00:25:03.960 going on. Watch. This week I started doing foreclosures on undocumented properties.
00:25:10.340 Properties that the people had to leave in a hurry. I just left one. Pizza boxes open. Pizza
00:25:18.160 was still there. All the food was still in the pantry. They grabbed whatever valuables they
00:25:24.180 could. Left everything else behind. These are foreclosures. So these are homes that were bought
00:25:30.240 using FHA
00:25:32.520 guaranteed by the government
00:25:35.640 for undocumented people
00:25:37.100 last month
00:25:40.340 over 252,000 people
00:25:42.760 were deported in Texas alone
00:25:45.540 so all of a sudden
00:25:48.040 we're starting to see the effects now
00:25:49.480 I did another one yesterday
00:25:51.700 they come
00:25:53.540 tagged as
00:25:54.700 possible
00:25:56.260 undocumented immigrant
00:25:59.320 furniture's there fish tank dead fish they left in a hurry 0.86
00:26:06.280 so he says the illegal aliens were using fha guaranteed by the government to buy these homes 0.52
00:26:14.140 and that's the key it's how the bank knows that the homeowners are probably illegal aliens and
00:26:20.900 you see it turns out that under the biden administration the federal housing administration
00:26:25.960 began insuring mortgages by private lenders to non-citizens.
00:26:31.060 Now, these are mortgages with extremely small down payments,
00:26:33.420 around 3.5%, along with 30-year terms.
00:26:36.700 And it's fine if the borrowers have a 500 credit score
00:26:40.460 and can't meet any minimum income threshold at all.
00:26:44.100 These loans are intended for low-income Americans, 0.90
00:26:46.700 but instead, foreigners, people who are not even citizens, 0.98
00:26:49.680 are getting them. 0.98
00:26:51.180 Yes, non-citizens, even if they didn't have a steady income 0.73
00:26:55.040 or collateral or good credit have been walking into new homes by putting only 3.5% down. 0.82
00:27:02.900 So while you were doing the responsible thing and saving up $80,000 to put down on your $400,000 0.56
00:27:11.060 home, an illegal alien only had to spend around $14,000 for the same home. That's what you've 0.94
00:27:19.700 been competing against. Now, the risk of default is obviously extremely high on these 3.5% mortgages,
00:27:26.160 so the bank would never grant them in normal circumstances. But when the government will
00:27:30.360 take care of any defaults, the banks have no reason not to approve the mortgage. And that's
00:27:35.060 exactly what's been happening. Officially, the Biden administration expanded the FHA program to
00:27:39.660 H-1B visa holders and so-called asylum seekers and DACA recipients, meaning illegal aliens who
00:27:47.200 arrived in the United States when they were young. So in effect, every illegal alien could easily
00:27:52.260 access the program. They all just call themselves asylum seekers and that's it. They know the words 0.83
00:27:57.640 to use in order to concoct a fake asylum claim. And then once they do that, they're able to qualify
00:28:03.420 for a loan. Now, the one requirement that you need a social security number to get one of these loans
00:28:07.780 is not a hurdle at all. As Elon Musk has pointed out, 2 million illegal aliens obtained a social
00:28:13.460 security number from the government in just one fiscal year, 2024, they weren't vetted at all.
00:28:19.260 The Biden administration simply awarded social security numbers to anyone who had a work permit
00:28:23.080 or claimed to have a work permit. And additionally, as the Center for Immigration Studies has
00:28:27.360 reported, 75% of illegal aliens use fraudulently obtained social security numbers to get jobs.
00:28:33.860 And these SSNs were either stolen or handed out by the Biden administration. And the effect of
00:28:40.880 this policy was that Americans were being forced to subsidize homes for illegal aliens. And of 0.86
00:28:48.020 course, all the new competition from these illegal aliens also led to an increase in the average price 0.99
00:28:53.940 of new homes, as it was destined to do. This chart here illustrates just how quickly the FHA
00:29:00.140 program exploded once the Biden administration opened the floodgates to illegal aliens and
00:29:06.100 foreign workers. It tracks the percent of FHA mortgage locks by non-permanent residents.
00:29:13.120 A mortgage lock is an agreement where an interest rate is guaranteed by the lender as part of the
00:29:16.780 closing process. Basically, it means that someone is using the FHA program to buy a home.
00:29:21.340 Now, unsurprisingly, once non-citizens were allowed to apply, the FHA program exploded. In 2018, 0.54
00:29:28.020 the share of non-permanent residents who participated in the program was 0.5%.
00:29:32.340 5%. By 2025, it was 6%. That's a 12-fold increase. Now, it's not to say the Biden
00:29:40.020 administration is solely to blame here. Obama was the first to greatly reduce the standards
00:29:44.260 for qualifying for these loans, but the trend clearly accelerated in the last 48 months.
00:29:49.860 Instead of benefiting low-income Americans, which was supposed to be the point,
00:29:53.820 the FHA program has increasingly benefited foreigners. And in many cases, these people 0.98
00:29:58.200 can't afford homes. Quote, in 2007, 35% of new FHA borrowers had debt-to-income ratios above 43%.
00:30:06.680 By 2020, 54% did. The FHA loan portfolio is far riskier than it was before the 2008 housing
00:30:14.960 crisis. 79% of FHA first-time borrowers have a month or less in financial reserves,
00:30:20.340 not enough to make mortgage payments if their household expenses rise. No surprise,
00:30:25.720 many are missing payments, especially recent borrowers. About 7.05% of FHA mortgages issued
00:30:32.320 last year went seriously delinquent, 90 or more days when a payment is due within 12 months.
00:30:38.520 That's more than at the 2008 peak of the subprime bubble. Under the guise of COVID relief,
00:30:43.320 the Biden administration masked the growing troubles in the housing market by paying off
00:30:47.260 borrowers and mortgage services to prevent foreclosures. Of the 52,531 FHA loans last
00:30:53.720 year that went seriously delinquent. Within their first year, only nine resulted in foreclosure.
00:31:00.880 So in other words, even when these foreign borrowers miss several large payments, for example,
00:31:05.800 five $4,000 monthly mortgage payments, which is the example the journal uses,
00:31:12.940 they still don't lose their home. Instead, the government wires cash to the loan servicer
00:31:18.300 to cover the shortfall, and in turn, the loan servicer adds the missed payments and any applicable
00:31:23.900 fees, of course, to the balance of the loan, and the cycle repeats endlessly. The mortgage balance
00:31:31.200 continues to grow. The illegal alien continues to miss payments, which are growing by the month, 0.70
00:31:36.760 but the lender is not worried because the government will just keep paying out. Quote,
00:31:42.140 one result is that many FHA borrowers owe more than their original mortgage and more than their
00:31:48.600 homes are worth. They are essentially trapped in their homes, even if they want to sell and move.
00:31:54.020 Another result is that home prices keep increasing because borrowers who don't pay their mortgage
00:31:58.620 and never should have qualified for loans can't get foreclosed on or be forced to sell their
00:32:03.580 homes. Getting foreclosed on these days is like flunking out of college. It takes effort.
00:32:07.540 You have to reject repeated offers for mortgage relief.
00:32:12.260 So the problem is hitting homeowners from multiple directions. 1.00
00:32:16.800 First of all, the illegal aliens are in the market competing for homes that they can't afford. 0.99
00:32:21.460 Naturally, that raises the cost of buying a home. 0.99
00:32:23.920 And secondly, once the aliens are living in these homes, they're almost impossible to evict. 0.97
00:32:31.160 And yet, even with all these protections, which you're paying for, an extremely large number of these illegal aliens are delinquent after qualifying for an FHA loan. 0.89
00:32:42.660 According to the latest data, a grand total of 14% of the 8 million FHA home loans are currently delinquent. 0.83
00:32:50.160 I'll say that again. 14% of the 8 million loans are delinquent.
00:32:56.560 That means more than 1 million FHA borrowers are currently behind on their payments.
00:33:02.560 They're past due by 30 days or more.
00:33:04.880 By contrast, the delinquency rate on conventional mortgages,
00:33:08.360 ones where the government is not insuring the loan to encourage more foreigners to come to the United States,
00:33:12.640 is well under 3%.
00:33:15.020 Now, these are not academic points.
00:33:20.080 The existence of this program and the way the Biden administration expanded it
00:33:24.100 has made it more expensive for Americans to own homes, considerably.
00:33:30.340 FHA is one of the main reasons why, in more than 70% of 235 major metro areas in the United States,
00:33:37.640 home prices went up in the first quarter of this year.
00:33:40.740 The National Association of Realtors reports that the national median single-family existing home price
00:33:46.600 rose to $404,000 in the first quarter, with home prices in the Northeast rising by 5%.
00:33:53.460 But the Midwest, home to a growing Somali community, wasn't far behind.
00:33:58.600 Quote, the Midwest, known for its greater affordability, followed with nearly 4% in annual home price increases in the first quarter.
00:34:05.760 Metro areas like Akron, Ohio, led the nation for the highest jump in annual home prices in the first quarter, climbing 12%.
00:34:14.160 So it's all part of a larger trend that's impossible to avoid.
00:34:20.120 as the U.S. Department of Housing and Urban Development
00:34:23.000 has found, quote,
00:34:23.940 the foreign-born population now stands
00:34:25.780 at more than 53 million individuals,
00:34:27.940 making up the highest share
00:34:28.980 of the American population in history.
00:34:31.060 This immigration-driven increase in households
00:34:33.300 has contributed to a significant increase
00:34:35.360 in housing demand,
00:34:36.260 thus driving up housing prices.
00:34:37.620 In fact, in some markets,
00:34:38.960 immigration has accounted for nearly all
00:34:41.060 of the increase in housing demand in recent years.
00:34:45.560 Now, it needs to be mentioned
00:34:46.280 that in addition to subsidized housing,
00:34:48.200 these people are getting everything else
00:34:50.020 subsidized to their food, their education, everything. According to the Center for
00:34:57.840 Immigration Studies, roughly 60% of illegal alien households currently benefit from at least one
00:35:02.620 government welfare program, and nearly 10 million people living in public and subsidized housing
00:35:08.240 haven't shared enough information with the government to determine if they actually meet
00:35:12.300 the criteria to be housed there. So we can assume that most of their housing costs are fraudulent
00:35:18.180 also. But again, there's a positive trajectory here. The Trump administration has ended this
00:35:23.300 expansion of FHA loans, which means that no more non-residents will be getting these loans.
00:35:30.360 Watch. We eliminated non-permanent residence eligibility for FHA insured mortgages,
00:35:37.680 and we are auditing public housing authorities to ensure taxpayer dollars don't support illegal 0.85
00:35:42.140 aliens, American dollars should benefit American citizens and American citizens only. By focusing
00:35:48.440 on our core mission, HUD provided a pathway for home ownership and supported housing affordability
00:35:53.760 for more than 1 million Americans through FHA and Ginnie Mae. We also take stewardship very
00:35:59.560 seriously, so we're cracking down on waste and fraud and abuse. Our office of the chief financial
00:36:04.520 officer uncovered more than $5 billion in potential payment errors, over $50 billion in total rental
00:36:10.400 assistance for the fiscal year 2024. And that includes money that went to nearly 30,000
00:36:15.680 dead people. That is ludicrous. It's ridiculous to even think or talk in such a way. It's a 0.93
00:36:20.820 violation of our sacred trust to American taxpayers, and it has to end, and it will.
00:36:28.840 Now, it's crazy that we even have to applaud this. I mean, it's the bare minimum of what
00:36:33.200 a competent pro-American government would do. Of course, we shouldn't subsidize foreigners 1.00
00:36:38.180 who want to steal our homes, 1.00
00:36:40.660 what kind of political party would say otherwise?
00:36:43.700 How can we coexist with them?
00:36:46.520 And how can we take anyone seriously 1.00
00:36:47.840 when they claim that immigrants in the modern day 1.00
00:36:50.020 are just like our ancestors
00:36:51.460 who migrated here centuries ago?
00:36:54.500 It's not just that they aren't the same.
00:36:57.340 They aren't similar in any way whatsoever. 1.00
00:37:01.240 Modern immigrants are in an entirely different category. 1.00
00:37:04.800 It's a different category of thing completely.
00:37:08.180 our ancestors came here and built a civilization from scratch.
00:37:12.740 Modern immigrants come here, often from the third world, 1.00
00:37:16.160 from non-Western countries, which is another major difference. 1.00
00:37:18.700 And they have a red carpet laid out for them. 0.90
00:37:22.580 As we see in the case of housing, 0.75
00:37:24.300 they are given advantages that the native citizens of the country are not given.
00:37:29.440 They are coddled and cared for. 0.98
00:37:32.560 They're not here to build.
00:37:33.980 They're here to enjoy the fruits of labor that was not performed by them.
00:37:38.180 labor that American citizens performed. And we've known this is the case for many years.
00:37:42.820 We're just now discovering how bad, how grotesquely absurd the situation really is.
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00:40:42.060 So what really needs to happen now beyond this policy change is a sustained campaign of mass deportation without apology.
00:40:48.120 Go back to California, Minneapolis, arrest anyone who obstructs or interferes with ICE agents. 0.99
00:40:54.580 Put as many of these foreign criminals on deportation flights as possible. 0.99
00:41:00.240 Illegal immigration affects your life in ways you probably don't even realize. 0.92
00:41:05.420 And now that those effects are finally being exposed and curtailed, we have to make sure
00:41:11.040 that a future Democrat administration can't simply undo this administration's accomplishments.
00:41:18.120 So bankrupt the criminal trucking companies, 0.97
00:41:22.400 throw the foreigners getting the 3.5% mortgage rates 1.00
00:41:26.000 out of the country, 0.99
00:41:27.140 and ensure that American homes and American highways 0.91
00:41:32.420 are used exclusively by the people they are intended for,
00:41:37.500 Americans.
00:41:39.880 That'll do it for the show today.
00:41:41.100 Thanks for watching.
00:41:41.620 Thanks for listening.
00:41:42.240 Talk to you tomorrow.
00:41:43.340 Have a great day.
00:41:44.320 Godspeed.
00:41:48.120 Martin Luther King Jr. is an American icon,
00:41:53.700 widely considered one of the greatest Americans who ever lived.
00:41:57.140 A man who had a vision for a colorblind society, 0.63
00:42:00.440 a post-racial America. 0.76
00:42:02.680 He had a dream. 0.76
00:42:04.140 It's just not the dream you thought it was.
00:42:05.860 Were his true aims a colorblind society
00:42:08.780 or something far more radical?
00:42:11.060 Who bankrolled him?
00:42:12.660 What unfolded behind the scenes in Birmingham, Alabama in 1963
00:42:16.440 three. Was civil disobedience actually peaceful? We wanted to show you a clip of the I have a dream
00:42:24.020 speech, but according to our lawyers, we can't. In fact, King's family has made a lot of money
00:42:28.580 suing media outlets. They want to silence critics like us. What they're doing makes it very difficult
00:42:33.700 to judge Martin Luther King Jr. not by the color of his skin, but by the content of his character.
00:42:39.560 Is America today stronger, more unified, and racially equal than before King's rise? These
00:42:45.820 Questions demand answers, and as Americans, we are entitled to a full accounting of the
00:42:50.100 Civil Rights Movement and its consequences.
00:42:52.140 King's Movement fundamentally transformed our country and our system of government.
00:42:56.360 I speak as a citizen of the world.
00:42:59.260 Each day the war goes on, the hatred increases, though the cause of evil prosper.
00:43:05.660 First part of our two-part special on the Civil Rights Movement, a new constitution,
00:43:09.660 available now on Daily Wire+.
00:43:12.000 when you travel well your KLM Royal Dutch Airlines ticket takes you to more than just
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00:43:26.820 and when the last song fades welcome aboard KLM Royal Dutch Airlines crew is here to ensure your
00:43:35.560 journey home hits all the right notes KLM Royal Dutch Airlines when you travel
00:43:42.560 travel well