Latest / The Ben Ferguson Podcast / BIDEN SAYS "CREDIT SCORES" ARE RACIST, INVASION OF PRIVACY BUT COVID PASSPORTS ARE OK??

Transcript

BIDEN SAYS "CREDIT SCORES" ARE RACIST, INVASION OF PRIVACY BUT COVID PASSPORTS ARE OK?? · The Ben Ferguson Podcast

0:01
Speaker 1: So did you know that having a credit score now
0:04
Speaker 1: means that it is a racist credit score? Yeah, this
0:09
Speaker 1: is the new definition of racism in America today. Anything
0:12
Speaker 1: you don't like, even if it has nothing to do
0:15
Speaker 1: with race, you say it is racist and therefore you
0:18
Speaker 1: must get rid of it. The Joe Biden White House
0:20
Speaker 1: is now saying they want to shut down the major
0:23
Speaker 1: credit bureaus because they believe that it's racist to give
0:27
Speaker 1: people a credit score. They have moved because of a
0:31
Speaker 1: paper that was published talking about how it's wrong to
0:35
Speaker 1: have people's decisions being made based on a credit data.
0:39
Speaker 1: And they say it actually hurts and it adds for
0:43
Speaker 1: a spread in the existing racial inequality in this country.
0:47
Speaker 1: They say it makes it harder because we have credit
0:50
Speaker 1: scores in this country to achieve true economic equality if
0:54
Speaker 1: you are black or brown. Their words, not mine. The
0:59
Speaker 1: new acting director of the CFPD, who recently replaced Donald
1:06
Speaker 1: Trump's appointee, put out in a statement on a blog
1:11
Speaker 1: he has two main priorities that he would do. Number
1:14
Speaker 1: one relief for consumers facing hardship due to COVID nineteen
1:19
Speaker 1: and the related economic crisis, and two racial equity. But
1:25
Speaker 1: nowhere does a statement specifically mentioned the ideas of public
1:27
Speaker 1: credit reporting agencies. Don't worry, We're now getting it from
1:31
Speaker 1: White House insiders who are saying this is exactly what
1:33
Speaker 1: they want. The three primary reporting agencies do something. It's
1:37
Speaker 1: pretty simple. If you've ever had to get your credit
1:40
Speaker 1: check for anything, you know how it works. These three
1:44
Speaker 1: credit agencies analyze your borrowing and your repayment patterns. You
1:50
Speaker 1: may not like it, but they do. They then assign
1:54
Speaker 1: you a score based on your borrowing and repayment patterns.
2:00
Speaker 1: How much money you have already borrowed, how at risk
2:04
Speaker 1: or you have not paying it back, how much credit
2:06
Speaker 1: have you use. There's all of these things that go
2:09
Speaker 1: into the score they assign you. They assign scores that
2:13
Speaker 1: are then used to assess you as a person and
2:17
Speaker 1: your credit worthiness. In other words, how risky are you?
2:21
Speaker 1: How much money should someone let you borrow? And that
2:25
Speaker 1: number can change based on the number amount that you're
2:28
Speaker 1: wanting to borrow. Now, the Biden administration says it's unfair
2:33
Speaker 1: that this can quote affect your access to an apartment
2:37
Speaker 1: or your ability to hold certain jobs, in addition to
2:40
Speaker 1: the amount that you can borrow, and also the interest
2:43
Speaker 1: rates that they charge you. They say it's big business
2:47
Speaker 1: enough to support three public companies, therefore it's terrible. Now,
2:51
Speaker 1: let me explain to you the other side of this
2:53
Speaker 1: real quick. If I'm giving my money to a bank
2:56
Speaker 1: or a lending institution to let you borrow money, I
3:01
Speaker 1: want to know that they're not a bunch of idiots
3:04
Speaker 1: letting a bunch of people borrow money that are not
3:06
Speaker 1: going to pay it back, and then I lose my investment.
3:08
Speaker 1: Because when you borrow money, you're borrowing it from someone,
3:11
Speaker 1: right not the government necessarily. I want to make that clear.
3:14
Speaker 1: You're borrowing it from investors. Are people that bank at
3:17
Speaker 1: a certain bank, and as a member of that bank,
3:22
Speaker 1: as a member of that company that borrow that lends money,
3:27
Speaker 1: I'm looking for a return on my investment, on the
3:29
Speaker 1: money that I have made. I want to make sure
3:32
Speaker 1: that your portfolio of what you are lending out is
3:36
Speaker 1: a portfolio that is appropriate. I want to make sure
3:42
Speaker 1: that the portfolio is not just going to a bunch
3:45
Speaker 1: of high risk people that usually are traditionally have walked
3:48
Speaker 1: away from money when they borrowed it, or from car
3:52
Speaker 1: notes and they borrowed it, or houses when they borrowed it.
3:55
Speaker 1: Or credit cards that they've jacked up and then it
3:58
Speaker 1: has disappeared, right, they decide not to pay it back.
4:02
Speaker 1: That would be my worst nightmare as an individual that's
4:04
Speaker 1: trying to, you know, lend money. I don't want to
4:07
Speaker 1: lend it to all high risk people. I want there
4:09
Speaker 1: to be a diversified portfolio. I think you guys now
4:12
Speaker 1: understand my point on this. Most people want there to
4:17
Speaker 1: be a diversified portfolio. Now, if you do what this
4:21
Speaker 1: administration is deciding to do, let me be clear about
4:24
Speaker 1: what's going to happen. People are just going to stop
4:28
Speaker 1: lending money to people that are poor, regardless of their race.
4:32
Speaker 1: That won't matter because they're going to take that risk
4:36
Speaker 1: off the table. In fact, if you want to talk
4:37
Speaker 1: about profile, and let me tell you about another major
4:40
Speaker 1: profile that will happen, they'll start profiling you based on
4:43
Speaker 1: your age. Is it higher risk to lend money to
4:47
Speaker 1: a twenty six year old newly married couple that's wide
4:52
Speaker 1: eyed and bushytown, has no idea how the world works
4:55
Speaker 1: and they're madly in love than it is to lend
4:56
Speaker 1: it to a fifty five year old I'm picking a
4:59
Speaker 1: fifty five year old, right, I'm going to start profiling
5:03
Speaker 1: you as a person, about your job, your success, how
5:07
Speaker 1: long you've been paying back loans compared to how young
5:10
Speaker 1: your loans may be. You're higher risk, right if I
5:14
Speaker 1: don't have this information, So therefore, I'm not going to
5:17
Speaker 1: take the risk on you. Why risk lending you money?
5:22
Speaker 1: What's the point of making a being risky? There's no
5:26
Speaker 1: reason for me to take a risk on you, no
5:30
Speaker 1: reason at all. Doesn't make any sense. I don't want
5:35
Speaker 1: to lend you money if you're risky. So if I
5:38
Speaker 1: think that you're risky, I'm going to just say I'm
5:40
Speaker 1: done with you. I'm not going to do it. So
5:45
Speaker 1: to the liberals out there, I think this is going
5:47
Speaker 1: to fix some problem. It's not. Money, by the way,
5:50
Speaker 1: is everything when it comes to lending, and people need
5:52
Speaker 1: to also understand that money is everything. I'll give you
5:57
Speaker 1: a great example of how race has nothing to do
5:59
Speaker 1: with people getting money. It has to do with a
6:00
Speaker 1: credit score. Let's take an example of the Marxist Black
6:04
Speaker 1: Lives Matter co founder. She's got a bunch of money
6:08
Speaker 1: coming in because apparently Black Lives Matter is making her
6:11
Speaker 1: some cash. That founder co founder has bought four different
6:15
Speaker 1: homes since twenty sixteen. This woman, Missus Colors, one of
6:24
Speaker 1: the co founders of Black Lives Matter movement and a
6:27
Speaker 1: train markis Marxist, is reported to have bought four homes
6:30
Speaker 1: over the past several years as her activist profile grew
6:34
Speaker 1: and protests raged around the country. Last week, the real
6:37
Speaker 1: estate website dot com report that the thirty seven year
6:40
Speaker 1: old social justice visionary have bought a one point four
6:44
Speaker 1: million dollar compound in a remote Los Angeles neighborhood nestled
6:49
Speaker 1: deep in the Santa Monica Mountains. By the way, I
6:53
Speaker 1: don't have a problem with her buying this, want to
6:54
Speaker 1: be clear. In LA terms, at one point four million
6:57
Speaker 1: is not necessarily extravagant, though the activists took criticism for
7:02
Speaker 1: spending what would be a fortune in most other real
7:04
Speaker 1: estate markets, and for buying in a largely white neighborhood
7:07
Speaker 1: after urging people to buy black. Her words, not mine.
7:11
Speaker 1: Now she's bought four homes. Do you think they're looking
7:13
Speaker 1: at the color of skin? Of course not. They're looking
7:15
Speaker 1: at the money she's making. That's why we have credit scores.
7:19
Speaker 1: By the way, she benefited from those credit scores. Let's
7:23
Speaker 1: talk about racism here. Black Lives Matter, Marxist co founder
7:32
Speaker 1: has had no problem buying four homes since twenty nineteen.
7:36
Speaker 1: This is a woman who told people to buy black.
7:40
Speaker 1: That's right, she's buying in white neighborhoods. I'm talking about statistically,
7:45
Speaker 1: while she's telling everybody else to buy black. Black Lives
7:47
Speaker 1: Matter created a buy Black map of black businesses, saying,
7:51
Speaker 1: don't give any of your mind to white people. But
7:52
Speaker 1: she's buying in predominantly white neighborhoods, which is amazing the
7:55
Speaker 1: hypocrisy there, but this initiative completely. A link to a
7:59
Speaker 1: map of black owned businesses was posted it to Black
8:03
Speaker 1: Lives Matter with an accusation that the black community is
8:05
Speaker 1: under attack quote unquote, it's more important ever to buy
8:09
Speaker 1: local and buy black. Yeah to leftist activist group and
8:12
Speaker 1: advertising agency blasts out news of their campaign on social media.
8:17
Speaker 1: The map of Backing Black Businesses dot Com appears to
8:20
Speaker 1: highlight more than twenty businesses in the Greater LA region
8:23
Speaker 1: where she is. And then they got a bunch of
8:25
Speaker 1: other places around the country they're doing this as well,
8:27
Speaker 1: like Sacramento and Denver, Denver in Minneapolis, Chicago, Baton Rouge, Birmingham, Atlanta,
8:31
Speaker 1: Madison Georgia. The list goes on and on. Black Lives
8:38
Speaker 1: Matter co founder said you gotta buy black. Well, apparently
8:41
Speaker 1: she's saying you do that and I'll do it differently. Now.
8:44
Speaker 1: My point is she's having no problem getting loans, I
8:46
Speaker 1: would assume unless she's paying cash for these houses. But
8:49
Speaker 1: the New York Post is reported now that she bought
8:52
Speaker 1: a five hundred ten thousand our home there in twenty sixteen,
8:56
Speaker 1: which was worth about eight hundred thousand today. She also
8:59
Speaker 1: bought a six hundred thousand dollars home in South Los Angeles.
9:02
Speaker 1: They say it's worth more than seven hundred twenty today.
9:04
Speaker 1: And then she bought a ranch in rural Georgia last
9:07
Speaker 1: year for about a half million. It even featured a
9:10
Speaker 1: private airplane hanger with a studio apartment above it. This
9:16
Speaker 1: is the co founder Marxist the Black Lives Matter. Notice
9:19
Speaker 1: how she seems to be getting rich off this Black
9:21
Speaker 1: Lives Matter movement. I've been warning you about that for years.
9:24
Speaker 1: The Posts also added that her spouse also had property
9:28
Speaker 1: in the Bahamas, had an ultra exclusive resort where justin
9:31
Speaker 1: Timberlake can Tiger Woods both have homes called the Albany.
9:34
Speaker 1: Last year with a price not disclosed. They're getting paid.
9:38
Speaker 1: She declared in twenty fifteen that she and other Black
9:41
Speaker 1: Lives Matter co founders were trained Marxists who were superverse
9:44
Speaker 1: and on ideological theories. This is the same people that
9:47
Speaker 1: are now telling you that getting a credit score. Having
9:50
Speaker 1: a credit score is racist. These radical activists signed a
9:55
Speaker 1: content production deal by the Warner Brothers. They're making money
9:59
Speaker 1: off this. These new real estate purchases prompted some activist
10:03
Speaker 1: calls for a financial investigation of the Black Lives Matter movement. Now,
10:09
Speaker 1: this co founder is hardly the first to cash in.
10:12
Speaker 1: Jamika Mallory, notorious verst support of the anti semitically fair count,
10:17
Speaker 1: has scored product endorsements and made millions. Don't worry, Color
10:24
Speaker 1: wouldn't be the first Marxist to succeed in real estate
10:27
Speaker 1: market with multiple homes either. In twenty fourteen, they also
10:31
Speaker 1: had some serious things they brought up in Santa Monica. Now,
10:36
Speaker 1: my point about this is, if credit scores are racists,
10:41
Speaker 1: you think this Marxist Black Lives Matter co founder is
10:44
Speaker 1: buying all these homes up, would be able to do
10:45
Speaker 1: so so easily. Probably not. They don't care about the
10:50
Speaker 1: color of your skin. They care about your credit score.
10:53
Speaker 1: Credit scores have nothing to do with the color your skin.
10:55
Speaker 1: But now the Biden administration is trying to convince America
10:57
Speaker 1: that credit scores are racist, and these credit scores are
11:01
Speaker 1: so racist that we need to get away with it,
11:05
Speaker 1: be done with them. And I'm telling you right now,
11:07
Speaker 1: it is going to then make it even harder for
11:09
Speaker 1: you to borrow money, because people are gonna be even
11:12
Speaker 1: more paranoid. Like at least right now, there's some sort
11:14
Speaker 1: of just basic algorithm. I walk in any bank, They're
11:17
Speaker 1: gonna pull my credit scores, They're gonna look at my
11:19
Speaker 1: credit history, and then they're gonna decide if they're gonna
11:21
Speaker 1: lend me money or not. And my interest rate, I
11:25
Speaker 1: get to shop around. If I don't like the interest
11:27
Speaker 1: rate they give me, then I'm gonna shop it around.
11:30
Speaker 1: I'll give you a perfect example of this has nothing
11:32
Speaker 1: to do with racial profiling. I went into a car
11:36
Speaker 1: dealership to buy a car, family car. SUV. Went in,
11:43
Speaker 1: look at the car, said all right, I'm mentioned in
11:45
Speaker 1: financing it. I've never financed a car. I take it back.
11:48
Speaker 1: I financed my first car about I had an eighteen
11:51
Speaker 1: hundred dollars loan on it. I kid you not eighteen
11:54
Speaker 1: hundred dollars loan. I hated it, and I never want
11:55
Speaker 1: a card and f that. But money had gotten so
11:57
Speaker 1: cheap now, right, intest rates are so low. Now it's like,
11:59
Speaker 1: all right, scrit let me just look at it. These
12:01
Speaker 1: idiots were willing to give me a loan on a
12:03
Speaker 1: used car for I think it was sixty months, and
12:08
Speaker 1: I'm like, okay, what's the interest rate? Because now I'm
12:11
Speaker 1: borrowing money on a used car at sixty months, I
12:14
Speaker 1: want to know. Well, their first indust rate they came
12:16
Speaker 1: back at, right, was five point two percent. I laughed
12:18
Speaker 1: their face and said, no, I'll just pay cash. Well,
12:21
Speaker 1: they said, well, hold on a second, let me let's
12:23
Speaker 1: let's let's see, we'll see if we can get some
12:25
Speaker 1: other numbers in here. All of a sudden, they come
12:26
Speaker 1: back at two three. Well, now you've got my attention.
12:30
Speaker 1: Now I could have accepted their first offer at five percent, right,
12:33
Speaker 1: because they were putting points on the board, the financiers
12:37
Speaker 1: of the dealership. We're getting an interest rate at probably
12:40
Speaker 1: two percent, and they were jacking it up to five
12:43
Speaker 1: percent to see if I was stupid enough to do it,
12:44
Speaker 1: and they'd make their money back in the end, they
12:46
Speaker 1: would give them their cash. That's welcome the free market society.
12:50
Speaker 1: Suckers get busted and taken from every day in this country.
12:54
Speaker 1: It's not a crime. Now. I knew I had good
12:57
Speaker 1: credit before I walked in, because I'm not a moron.
13:00
Speaker 1: I knew what a credit score should be or what
13:03
Speaker 1: a credit interest rate should be because I talked to
13:05
Speaker 1: the bank and they're like, look, you'll probably get even
13:07
Speaker 1: better rates from the dealership to be honest with your
13:09
Speaker 1: go through a credit union. And I was like, okay,
13:12
Speaker 1: They're like, the deals are ridiculous. Right now, my bank
13:14
Speaker 1: where I have my money, who literally told me there's
13:16
Speaker 1: a very good chance that we can't even get close
13:18
Speaker 1: to where some of these credit unions are. So they
13:20
Speaker 1: were telling me and giving me advice on how they
13:22
Speaker 1: would do it. Well, then I said, all right, I'm
13:26
Speaker 1: looking at another dealership. They ended up going down to
13:27
Speaker 1: like like two percent flat. Now did any of that
13:34
Speaker 1: conversation going for five percent to two percent have anything
13:36
Speaker 1: to do with my credit score? No, they knew I
13:40
Speaker 1: was like low risk, no risk, right, I pay my bills.
13:43
Speaker 1: But they were still going to try to make money
13:44
Speaker 1: off of me. Did they try to jack my interest
13:47
Speaker 1: rate up to five percent because I was white? No,
13:50
Speaker 1: they were trying to see if I was dumb enough
13:52
Speaker 1: to do it. And there's a lot of people that
13:53
Speaker 1: are stupid enough to do it, and that's where they
13:55
Speaker 1: make their money. But if you get rid of that
13:59
Speaker 1: credit score, which got me a low rate eventually of
14:01
Speaker 1: two percent, Right, I had to negotiate for it, and
14:05
Speaker 1: I walk in and they don't have any data on me,
14:07
Speaker 1: and then I got to fill out a bunch of paperwork. Manually,
14:10
Speaker 1: they're gonna profile the hell out of you at that point,
14:13
Speaker 1: and there's a very good chance you're gonna lose. Right,
14:17
Speaker 1: there's a really good chance at that point. There's a
14:19
Speaker 1: lot of people that are not going to get car
14:21
Speaker 1: loans and they're not gonna get house loans because it
14:24
Speaker 1: disappeared that's what's going to happen. It is not racist
14:32
Speaker 1: to have a credit score. It's not racist at all.
14:38
Speaker 1: And to say that it's racist is ignorant saying that
14:41
Speaker 1: everything now is racial equity and racial equality. And they
14:45
Speaker 1: go on to say that you know, well, we it's
14:47
Speaker 1: unfair because this puts a burden on the racial communities,
14:53
Speaker 1: when this credit score has literally nothing to do with
14:57
Speaker 1: the color of your skin, has everything to do with
15:01
Speaker 1: can you afford what you're wanting to buy. All these
15:07
Speaker 1: three reporting agencies do is they analyze your borrowing and
15:10
Speaker 1: your repayment patterns. They then assign a score to you
15:14
Speaker 1: that's used to assess your risk or a PC way
15:19
Speaker 1: of putting it as your credit worthiness. This will affect
15:23
Speaker 1: people giving you money and at what interest rate, Because
15:26
Speaker 1: if you have a history of late payments, I'm your
15:29
Speaker 1: higher risk. If you have accounts that were shut down
15:32
Speaker 1: that you didn't pay on that went to collections, you're
15:36
Speaker 1: at higher risk. Why should I lend you a bunch
15:38
Speaker 1: of money it compared to somebody that always pays on
15:42
Speaker 1: time and has decades of payment history. We've all gotten
15:48
Speaker 1: into just flat out stupid land in this country. And
15:52
Speaker 1: if you're listening to me right now and you're in
15:53
Speaker 1: a minority, you should be offended by this. And it's
15:57
Speaker 1: and again, this is only going to help the rich
15:59
Speaker 1: get richer and the poor have less opportunities to own things.
16:04
Speaker 1: Let's also talk about the logic behind the White House's
16:08
Speaker 1: decision to get rid of credit scores saying that it's profiling.
16:13
Speaker 1: This White House has no problem profiling. I want to
16:16
Speaker 1: make that very very clear. Look at the new obsession
16:21
Speaker 1: that the left has with making you get a passport
16:28
Speaker 1: so that you can travel. Look at these VACS requirements
16:34
Speaker 1: that are all over the place. I'm talking about vaccines
16:38
Speaker 1: all over the place. These VACS requirements are spreading in
16:43
Speaker 1: this country. Bloomberg had a very interesting story about this.
16:47
Speaker 1: Right COVID nineteen vaccination requirements are fast becoming facts of
16:52
Speaker 1: life in the US, they wrote today, spreading business by business,
16:56
Speaker 1: even as politicians and privacy advocates rail against. In other words,
17:01
Speaker 1: it's inevitable, get on with it. Another White House has said, quote,
17:04
Speaker 1: oh well, we're not. We're not gonna necessarily advocate for
17:09
Speaker 1: these passports that require them. It didn't matter. Every other
17:11
Speaker 1: Democrat out there in the country's doing that. Look at
17:15
Speaker 1: the psycho colleges now, right, These these places that are
17:18
Speaker 1: built now to just you know, to create Marxists and socialists, communists.
17:27
Speaker 1: Brown University, now Notre Dame, and Rutgers are among universities
17:31
Speaker 1: warning students and staff they'll need shots in order to
17:34
Speaker 1: return to campus. As fall, some sports team are demanding
17:37
Speaker 1: proof of vaccination or a negative test from fans, as
17:41
Speaker 1: arenas are reopening. I want to see your favorite band
17:45
Speaker 1: play indoors in California, not gonna happen unless you show
17:49
Speaker 1: your vaccine proof that you've had it. At bigger venues,
17:52
Speaker 1: the same rules are also going to apply. In fact,
17:55
Speaker 1: a Houston hospital chain recently ordered its two thousand, excuse me,
18:00
Speaker 1: twenty six thousand employees to get vaccinated or pretty much
18:03
Speaker 1: you're out a job. Yeah, it's also another problem. How
18:11
Speaker 1: do you prove that your shot you actually got it right,
18:16
Speaker 1: or how do you prove that you're COVID free? And
18:18
Speaker 1: you want to talk about financial burden. That can create
18:21
Speaker 1: a financial burden for some people. It shouldn't, by the way,
18:25
Speaker 1: Just be Republican politicians and privacy advocates that are warning
18:29
Speaker 1: you about this. This is not freedom in this country.
18:33
Speaker 1: If you can't act and do things in society right,
18:38
Speaker 1: You can't get on a plane or a train or
18:41
Speaker 1: a bus, or go to a sporting event or a concert,
18:44
Speaker 1: or go to school unless you show your vaccine passport.
18:51
Speaker 1: That's insane. That's not freedom. But I use this as
18:56
Speaker 1: a compare and contrast the same liberals that are telling
19:00
Speaker 1: you that it's wrong that people get their credit history
19:03
Speaker 1: on you and that we should ban it are the
19:05
Speaker 1: same people that are demanding that you have a vaccine passport.
19:09
Speaker 1: There is no consistency, and what they are saying there
19:14
Speaker 1: is zero consistency when it comes to their logic. How
19:19
Speaker 1: is it logical that you demand that people go and
19:23
Speaker 1: show a passport to do anything to function society, But
19:27
Speaker 1: at the same time you ban companies, private companies that
19:32
Speaker 1: are doing private business with you, from actually having history
19:35
Speaker 1: on you and your finance, your finances and how you
19:39
Speaker 1: pay and repay things. That is not sound logic. In
19:45
Speaker 1: other words, I'm supposed to give up all of my
19:47
Speaker 1: information to you, the deals in my health, or you
19:51
Speaker 1: won't let me function society, which is not freedom. But
19:54
Speaker 1: then you demand that you have no information be kept
19:57
Speaker 1: on you as a person going into a private agreement
20:00
Speaker 1: with somebody to borrow what could be millions of dollars,
20:04
Speaker 1: easily hundreds of thousands of dollars. They say, no, no,
20:07
Speaker 1: that's racist. Well, which one is it? White House, Because
20:12
Speaker 1: it seems like you guys make it up as you go.
20:15
Speaker 1: It seems like, oh no, you've got to have this
20:17
Speaker 1: passport or you won't. We won't let you do anything
20:19
Speaker 1: in America. And that's totally legitimate. And you're giving up
20:23
Speaker 1: all your data. You're giving up all your medical data.
20:25
Speaker 1: You're basically saying, strip search me, and then tuesdayonds today
20:31
Speaker 1: you're going you can't have any data on any Americans.
20:34
Speaker 1: It's asking for millions of dollars or hundreds of thousands,
20:36
Speaker 1: or a thirty year loan or a five year loan
20:38
Speaker 1: or a fifteen year loan, or a business loan. No,
20:40
Speaker 1: you can't ask them for any information in a private
20:42
Speaker 1: business transaction. That's the other part about this that bothers me.
20:48
Speaker 1: No one forces me, right, No one forces me to
20:55
Speaker 1: borrow money. If I go to a bank, to a
20:58
Speaker 1: private entity and I borrow money for them, I can
21:01
Speaker 1: either decide to to say yes or no or walk
21:05
Speaker 1: away from that financial transaction. It's not mandated by the government.
21:09
Speaker 1: It's a private business lending money to a private citizen.
21:13
Speaker 1: Why should the government have anything really to do with that.
21:17
Speaker 1: When it comes to what I can and cannot be asked,
21:19
Speaker 1: and if I don't want to answer those questions or
21:21
Speaker 1: I don't want to give up that information to a credit,
21:23
Speaker 1: you know, to a bank to get that loan, or
21:26
Speaker 1: I refuse to comply. That's that's my decision. That's my choice.
21:35
Speaker 1: It's kind of like driving. It's a privilege, not a right.
21:38
Speaker 1: You don't You don't have to get a license. You
21:41
Speaker 1: don't have to drive if you don't want to. You
21:43
Speaker 1: can walk, you can do other things. No one's forcing you.
21:47
Speaker 1: If you don't like having a credit score, then don't
21:50
Speaker 1: ever get anything on credit. Don't get a credit card.
21:55
Speaker 1: Pay six months down on a rental property. If you
21:59
Speaker 1: want to do that, that's your decision. Pay first and
22:03
Speaker 1: last month's times three. There's ways to get around it.
22:06
Speaker 1: I do know people, by the way, on the day
22:07
Speaker 1: of Ramsey World who don't have a credit score at all.
22:13
Speaker 1: That's their decision, and they do just fine in life
22:15
Speaker 1: without a credit score. You got to decide what's best
22:19
Speaker 1: for you. But the government shouldn't be able to tell
22:21
Speaker 1: you one moment that you must give up all your
22:24
Speaker 1: records healthwise and you must submit to them healthwise, and
22:32
Speaker 1: then the very next minute they say, oh, you can't
22:34
Speaker 1: have any of your information out there for the private
22:36
Speaker 1: sector to decide if you're risky. When it comes to
22:38
Speaker 1: your loan. That is not sound logic. And credit scores
22:44
Speaker 1: have nothing to do with race. They have everything to
22:47
Speaker 1: do with when you borrow money, do you pay it
22:49
Speaker 1: back or not? It is that sense, that's simple. And
22:53
Speaker 1: if you change this and you make it disappear these
22:57
Speaker 1: credit burewers. I'm not saying you can't like reform them.
23:00
Speaker 1: I think some of the ways they do their their
23:01
Speaker 1: their numbers are are ridiculous. But again, I don't know.
23:07
Speaker 1: No one's mandated to offer me credit or to offer
23:12
Speaker 1: me money, right, Let's let's be very clear about that.
23:17
Speaker 1: And this is when I don't like the government getting
23:19
Speaker 1: involved in the private sector, because they screw it up
23:22
Speaker 1: every time. Anytime you get the priv the government involved
23:26
Speaker 1: in the private sector, they will figure out a way
23:27
Speaker 1: to just totally screw it up. That's what they do.
23:34
Speaker 1: They screw it up. Their professionals at it. So before
23:42
Speaker 1: you jump on this bandwagon of oh, we must have
23:47
Speaker 1: no more credit scores in this country. Oh yes, it's
23:52
Speaker 1: racist to have a credit score, remember that this is
23:54
Speaker 1: the same administration that's mandating that you give up all
23:57
Speaker 1: privacy when it comes to your medical history, and that
24:01
Speaker 1: you won't that you're not allowed to function society without
24:03
Speaker 1: getting their passport. Think about that all right. As I've
24:09
Speaker 1: said before, please make sure you share this podcast with
24:13
Speaker 1: your family and friends. We've been attacked yeah, on Facebook.
24:17
Speaker 1: We can't even publish anything anymore, so please help us
24:21
Speaker 1: spread the word about this podcast, Share it with others,
24:25
Speaker 1: take screenshots of the show, and please let us know
24:27
Speaker 1: about this podcast. See you back here tomorrow. Thank you
24:29
Speaker 1: for your support and helping us grow.