This Millennial Powerhouse Spreading Conservatism on College Campuses Can't Be Stopped

What happens when parents let their children learn from Glenn Beck? They turn into awesome, conservative young adults. That couldn't be more true than with Millennial Lauren Cooley, Founder and Executive Director of Campus Red PAC, who listened to Glenn as a young child and read Common Sense in her teens. Now in her twenties, Cooley joined Glenn in studio Friday to discuss her effort to bring sanity back to college campuses and challenge the liberal status quo.

Listen to this segment from The Glenn Beck Program:

GLENN: Lauren Cooley is in town. Lauren is somebody who has been listening to this show for a long time. You were in high school when you started listening to this show?

LAUREN: Yep. High school.

GLENN: Did your parents serve any time for that cruelty?

LAUREN: No. Not at all. I was watching you on TV when my parent was watching one thing, and I was in the other room watching Glenn Beck on TV.

GLENN: Wow. You were a weird kid.

LAUREN: Yeah, that's true. I'm not gonna deny it.

GLENN: And when you were in high school, you read common sense.

LAUREN: Yeah, it's the book that made me think not just Republican but conservative too. Probably conservative first and Republican second.

GLENN: And why was that? Do you know?

LAUREN: I think it cut through all the talking points -- no upon intended, here's some common sense that everyone is talking about, and it explained things so simply that it wasn't, like, you have to vote for this party or that party. You have to tow the party line. It was these are things that are really going to help our country, they make sense. They are things that have been around. It's not brand new. Why aren't we talking about these things and thinking about these things? For me, it clicked and made sense.

GLENN: Wow. How old were you at the time?

LAUREN: I was 16 or 17.

GLENN: How. How much would you love to have your 16 or 17-year-old reading on their own something like common sense and be, like, I'm thinking about these big issues. That's remarkable.

So then you live in Florida.

LAUREN: I do.

GLENN: And you're doing a speaking tour now for college students. Tell me about it.

LAUREN: During the election, I was helping students get out the vote and doing a big voter registration program and now the election's over, all right. What do we do on campus; right? So all of these students came to me and said, hey, you gave me such great direction during the election but now what? So that's the premise of this speaking tour called make campus great again.

JEFFY: They're allowing me on campuses?

LAUREN: Some campuses where I could get away with it. Last night we heard screaming out the door, and we thought it was protesters. It wasn't. I thought that would give me street credit. But going to college campuses saying we've been playing defense, we around for some leftist group on campus to say we hate the American flag. Let's get rid of it and then say, oh, we love the flag. Why don't we go on offense for these America first policies that we care about instead of waiting for some kind of controversy on campus to happen. Why don't we start pushing our agenda going to the student government and saying, hey, we receive taxpayer dollars. We love our country. We want to always prominently display the American flag and get something passed as resolution on the front-end that way we're not always playing defense. Multiple things but that's a good example.

GLENN: When you say multiple things, because you've said a couple of things that put a red flag up in my head that that's America first that you have to be careful with America first. It's our principles first. Where do you stand on free speech on campus and safe spaces? And where do people your age stand on that?

LAUREN: Right so to answer America first, when I always tell people is obviously when it comes to principles, everybody has equal intrinsic value; right? But when you come to a nation state, that's where you have to start deciding with the social contract what is the role of that organization? So in that sense, that's what we're talking about America first policy.

GLENN: Good. Okay. All right.

LAUREN: But free speech on college campus is such a difficult topic because it's not that the administration wants to shut down other ideas, although a lot of times it is, they just like to have control, and they don't like any type of organized chaos. So for college students on most campuses, and this is even worse on private campuses, there's something called a free speech zone. You can only articulate, you know, controversial values in this small little area. So what I've actually encouraged students to do on this tour is go out and purposely revoke their administration that they're not allowed to be talking about some issue outside of the free speech zone. Purposefully go and stand just outside of the free speech zone with a sign that says I'm not in the free speech zone.

I have the first amendment. You know, whatever it might be. And get that on film, get documentation so that they can actually go and use it either with the student government or trustees or use it for media or even for a legal case and say here's a documented example. We've actually shown the administration is trampling on our free speech rights and then be able to make policy changes.

GLENN: I would think that college students would be the first to say don't trample on my right to speak in any direction. I mean, the reason we have tenure is that -- is so that 25 years ago a professor could say, you know, global warming's going to happen, and we're all going to die. We have to ban oil because it was controversial and needed to make sure he could keep his job. Now we have to be able to have tenure so some professor could say, you know, this global warming stuff is nothing but crap. On a University campus, it should be the place where you are the most uncomfortable.

LAUREN: Yeah, absolutely. I think learning is exploring new ideas, things that are uncomfortable. And what I've seen at least when I was an undergrad about four or five years ago, free speech zones, trigger warnings, they weren't really that big of a thing. It's really been in the last five years or so when the left has become so extreme.

GLENN: Who's driving that? Is it the students? Is it the faculty?

LAUREN: I think it's our culture. I think the culture comes from a lot of times these AstroTurf protests. That gets into the culture, celebrities promote it, different student groups on campus that are left wing have different organizations that are funded maybe by George Soros. Giving them talking points and activism projects. And then that starts creating where it looks like it's natural and coming from the students.

GLENN: And do the students for the most part left and right agree with safe zones?

LAUREN: No, absolutely not. And that's what I say of getting at. About five years ago, people didn't care one way or the other. But I think the farther left our culture gets, that's what people are going to see on college campuses is that it used to be counter culture to be liberal. But now we see in Hollywood, in our government for the past eight years, our culture, the normal culture is this liberal progressive be nice, be politically correct, you can only use your free speech in a safe little box where it's away from everybody else. Young people like to be radical. They look to be counter culture, and I think that's where we're seeing conservative values come back. This push against political correctness, a push against trigger warnings with, and it's neat to see polling and trending with younger generations even younger than millennials and this new wave of college students now as opposed to five years ago that we're voting for President Obama. There's a push back, and I'm really excited about seeing that on campus, and that's kind of what my tour's about is these practical ways, these actual tactical steps to make a difference and push back against these things.

GLENN: Lauren Cooley. LaurenCooley.com is her web address. You can find out more about her and what she's doing. Nice to meet you.

LAUREN: Thank you for having me.

Trouble ahead for the housing market

CHRIS J RATCLIFFE/AFP/Getty Images

Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage Two: Suddenly Motivated Sellers.

He reminds us that housing bubbles follow a predictable progression:

  • Stage One: Mania -- Prices rise at an accelerating rate as factors like excess central bank liquidity/loose credit/hot foreign money drive a virtuous bidding cycle well above sustainably afforable levels.
  • Stage Two: Peak -- Increasingly jittery owners attempt to sell out before the party ends. Supply jumps as prices stagnate.
  • Stage Three: Bust -- As inventory builds, sellers start having to lower prices. This begins a vicious cycle: buyers go on strike not wanting to catch a falling knife, causing sellers to drop prices further.

Rubino cites recent statistics that may indicate the US national housing market is finally entering Stage Two after a rip-roaring decade of recovery since the bursting of the 2007 housing bubble:

  • the supply of homes for sale during the "all important" spring market rose at 3x last year's rate
  • 30 of America's 100 largest cities now have more inventory than they did a year ago, and
  • mortage applications for new homes dropped 9% YoY

Taken together, these suggest that residential housing supply is increasing as sales slow, exactly what you'd expect to see in the transition from Stage One to Stage Two.

If that's indeed what's happening, Rubino warns the following comes next:

Stage Two’s deluge of supply sets the table for US housing bubble Stage Three by soaking up the remaining demand and changing the tenor of the market. Deals get done at the asking price instead of way above, then at a little below, then a lot below. Instead of being snapped up the day they’re listed, houses begin to languish on the market for weeks, then months. Would-be sellers, who have already mentally cashed their monster peak-bubble-price checks, start to panic. They cut their asking prices preemptively, trying to get ahead of the decline, which causes “comps” to plunge, forcing subsequent sellers to cut even further.
Sales volumes contract, mortgage bankers and realtors get laid off. Then the last year’s (in retrospect) really crappy mortgages start defaulting, the mortgage-backed bonds that contain their paper plunge in price, et voila, we’re back in 2008.

Rubino's article is timely, as we've lately been seeing a proliferation of signs that the global boom in housing is suddenly cooling. I've also recently encountered similar evidence that the housing market in my own pocket of northern California is weakening, and I'm curious to learn if other PeakProsperity.com are seeing the same in their hometowns.

The Global Housing Bubble

Housing, as they accurately say, is local. Conditions differ from region to region, making generalizations of the overall market difficult.

That said, the tsunami of $trillions printed by the world's central banking cartel since 2008 clearly found its way into the housing market.

The world real estate market is HUGE, over $200 trillion. That dwarfs the global debt and equity markets. So it's no surprise the central authorities did all they could to reverse the losses the GFC created for property owners.

As a result, many of the most popular locations to live are now clearly in bubble territory when it comes to home prices:

UBS map of global housing bubbles

The chart above displays the most bubblicious major cities around the world in red. But it's important to note that the merely 'overvalued' markets denoted in yellow, and even some of the green 'fair-valued' ones, are still wildly-unaffordable for the average resident.

For example, in "yellow" San Francisco, where the median home now costs $1.6 million, prices are well-above the excesses seen during the previous housing bubble:

And in 'fair-valued' New York City, the median household must spend 65% of its annual income on housing alone.

Is it any wonder that 70% of millennials who don't yet own a home fear they'll never be able to afford one?

Signs Galore Of Topping Markets

At the end of a speculative bubble, it's the assets that are most overvalued that correct first and correct hardest.

So we would expect that as the highest-priced real estate markets fare from here, the general real estate market will follow.

When we take a closer look at what's currently going on with the red-hot real estate markets noted in the chart above, we indeed see evidence supportive of Rubino's claim that the decade-long Stage One mania may now be ending.

Here's a spate of recent headlines about these cities:

Sure looks like Rubino's predicted Stage Two symptoms of rising supply and stagnating prices.

Local Signs, Too

As mentioned, I live in northern California, quite close to Santa Rosa.

Things here aren't as nuts as they are in San Franscico; but it's still a moderately-affluent region with lots of second homes. It's one of the semi-frothy areas I'd expect to see cooling off in first should there be a downwards turn in macroeconomic conditions.

Located less than an hour north of San Francisco, residential housing prices here have roughly increased 2x over the past six years as the Bay Area has boomed. Supply has been in chronic shortage, exacerbated by the loss of thousands of structures burned during last October's destructive Tubbs fire.

But recently, for the first time in many years, realtors here are beginning to talk of a softening they're seeing in the local housing market.

Median sale prices dropped from May to June, which is counter to previous years. And several towns are seeing year-over-year declines in median price -- something unheard of over the past 7 years.

Meanwhile, the days-on-market ratio for properties is beginning to creep up.

Of the greatest concern to the realtors in my area: bidding wars are no longer happening. Houses are selling either at or below asking prices now. That's a *big* development in a market where houses have routinely sold for $50-100K+ above the listing price.

In a similar vein, I'm hearing evidence of the softening rents down in San Franscico and the East Bay (Oakland/Berkeley). Wolf Richter has done a good job chronicalling the substantial volume of newly-constructed units that have recently hit the market threatening to depress rents, and I've heard from a multi-family unit owner down there how landlords in the area are now finding their rents ~$500 too high for the market to bear.

This is all early and anecdotal data. It's too little at this point to claim definitively that my local housing market has entered Stage Two.

But I'm curious to hear from other PeakProsperity.com readers. What are you observing in your local markets? Are you seeing similar signs of concern?

Please share any insights you have in the Comments section below. Collectively, we may be able to add clarity, in one direction or another, to Rubino's hypothesis.

Prepping For Stage Two

Whatever the timing, Stage Two is an inevitability for today's ridiculously-overpriced real estate markets. It's not a matter of if it (as well as Stage Three) arrives, but when.

Given the data above, I think Rubino is correct in his assessment. Or at least, correct enough that prudent action is warranted today.

This makes even greater sense when considered along with the current trends of rising interest rates and quantitative tightening. Remember, home prices and interest rates have a mathematically inverse relationship: as rates go up, home prices must go down (all else being equal). And as central banks start withdrawing in earnest the excess liquidity that inflated property values to their current nose-bleed heights, expect further downward pressure on prices.

To drive the urgeny home even harder, we haven't even yet talked about the damage an economic recession and/or a painful correction in the financial markets would wreak on the real estate market. With the current expansion cycle the second-longest on record and our all-time-high markets looking increasingly vulnerable, it seems very unlikely we'll avoid at least one of those crises in the near to mid-future.

Here are worthwhile steps we recommend at this point:

  • Consider selling: If you're a homeowner and are not committed to remaining in your property for the next decade+, do some scenario planning. If prices fell 20%, how much of a financial and emotional impact would that have on you? If you have substantial equity gains in your home, Stage Two is the time to protect them. If you have little equity right now, make sure you're fully aware of the repercussions you'll face should you find yourself underwater on your properity. What will your options be should you lose your job in the next recession? Whether to hold, or sell now and rent, is a weighty decision; and the rationale differs for each household -- so we strongly recommend making it with the guidance of your professional financial advisor.
  • Raise cash: The vicious cycle that begins as Stage Two transitions into Stage Three is deflationary. Lower prices beget lower prices. During this period, cash is king. By sitting on it, your purchasing power increases the farther home prices drop. And when the dust settles, you'll be positioned to take advantage of the resulting values in the real estate market. We've written at length about the wisdom of this strategy given current market conditions, as well as how, while waiting for lower prices, you can get 30x the return on your cash savings than your bank is willing to pay you, with lower risk. Our recent report on the topic is a must-read.
  • Educate yourself: Yes, real estate is overpriced in a number of markets. But it has been and will remain one of the best ways available to the non-elites to amass income and tangible wealth. And as mentioned, when the next Stage 3 brings prices down, there will be value to be had -- potentially extreme value. If you aren't already an experienced real estate investor, now is the time to educate yourself; so that you'll be positioned to take informed action when the time to buy arises. Our recent podcast interview on Real Estate Investing 101 is a good place to start.

In Part 2: The Case For Starting To Build A (Small) Short Position, we conduct a similar analysis into the overvaluation and growing vulnerability of the financial markets (which are highly likely to correct much faster, sooner and more violently than the housing market), including the details on a recent short position we've started building.

The tranquil "free ride" the financial and housing markets have had for nearly a decade are ending. The string of easy gains with little effort are over now that the central bank money spigots are turning off at the same time the "greater fools" pocketbooks are tapping out.

For a brief time, prices will waiver, as investors remain in denial and refuse to sell at lower prices. But soon that denial will turn to panic, and prices will plummet.

Make sure you're positioned prudently before then.

Click here to read Part 2 of this report (free executive summary, enrollment required for full access)

It's a bad day when you've stepped in dog poop.

But it's an even worse day when you're stepping in human poop — especially when underneath the poop is a dirty needle. That's the glory that is San Francisco today.

The city doesn't know what to do. There's more human feces in the street than ever before. This is starting to look like human evolution in reverse. And I want to be a helper in this situation.

RELATED: What the 💩 is going on in San Francisco?

And so, as a helper, I've got an idea for San Francisco. And I'm going to share it with you — free — at absolutely no cost to you. This is a public service.

We made a little sign — "No Human Pooping" — because I think that's clear enough, even for those who may be high on heroin, to understand.

Feel free to download and print as many copies as you'd like, and post them on your property. Or click the buttons below to share on social media.

Something has got to be done about this 💩.

Click here to download your printable copy of the sign.

What the 💩 is going on in San Francisco?

Justin Sullivan/Getty Images

Finally, a beautiful Sunday in your picturesque bayside city. You paid good money to move here. Not cheap. The $150,000 range leaves you just about middle class. In Ohio, that'd buy you a small town. But this is better than Ohio, you tell yourself. Sure, the city isn't as scenic as the postcards, but here you are, at the YMCA fields. You're coaching your kid's soccer team. And today is the co-ed Under-8 soccer final. Really, it's their World Cup. You bought the good oranges and Capri-Sun—the special edition kind with cold-sensitive images on the front. You worked hard for this moment.

RELATED: Illegal Immigrant Hits Jackpot and Is Awarded $190K From San Francisco for Deporting Him

Your job is demanding. Sometimes, you're there 60, 70 hours a week. But somebody needs to coach this soccer team so here you are. And, what. What is that. Your son, he's dribbling past the kid shoving dandelions into the ant hill, and, is he going to score a goal? Yes. Yes, he is, but all of a sudden, right as your son's leg angled back to kick the ball, you hear an animalistic scream behind you. You turn around, and see a man shrieking as he squats over the sidewalk. What is he doing, you ask yourself quickly. Oh, God. You know what he's doing.

Following the death of Mayor Ed Lee, San Francisco Mayor London Breed inherited quite a mess. San Francisco is in shambles. Despite topping nearly every list of the nation's highest cost-of-living prices, San Francisco has been plagued by homelessness, often with unbelievable negative consequences.

I'd like to add that, the segment begins with footage of Mayor Breed walking around San Francisco, and as she passes a group of homeless people, at least one person is openly injecting themselves with a needle.

I shouldn't even have to say this, but helping disadvantaged people is a good thing. The Bible is very clear on the subject.

"Speak up for those who cannot speak for themselves, for the rights of all who are destitute. Speak up and judge fairly; defend the rights of the poor and needy." - Proverbs 31:8-9

San Francisco's approach to dealing with the poor is in fact detrimental to the poor.

"Whoever oppresses the poor shows contempt for their Maker, but whoever is kind to the needy honors God." - Proverbs 14:31

"Looking at his disciples, [Jesus] said: "Blessed are you who are poor, for yours is the kingdom of God. Blessed are you who hunger now, for you will be satisfied. Blessed are you who weep now, for you will laugh." - Luke 6:20-21

San Francisco's approach to dealing with the poor is in fact detrimental to the poor. Walk around the city and you'll see a lot of thousand-dollar tents that function as homes, gifts from good-natured but ultimately misguided people, who function more as enablers than rescuers. The city has set up injection sites, where homeless heroin addicts are provided with clean syringes and allowed to shoot up without punishment. May God bless them. And may we help them in a better way.

Revolutions are started by youth. And the left is desperate for young blood, or, worse, for fresh blood. They're turning on their own.

As reported by the Los Angeles Times, Sen. Dianne Feinstein is more often considered too radical. In a show of force, California Democrats have chosen Feinstein's opponent, Kevin de León, over her.

RELATED: 'I remember thinking liberals were the good guys': Dave Rubin on why he really left the left

Lynne Standard-Nightengale, a member of the Amador County Democratic Central Committee, said she wanted to "send a message."

I just think we need a younger, progressive person there. The Democratic Party in California has moved to the left, and he personifies those values.

Feinstein and de Leon will face each other again in November because California has an open primary system in which the top two finishers face each other, regardless of party.

The left is going hard left. When Dianne Feinstein is not left enough for you—where are the press reports of the extremists taking over? The trend is spreading. A growing number of Trump's base are former Democrats, who voted for Obama.

When Dianne Feinstein is not left enough for you—where are the press reports of the extremists taking over?

So, in response, Democrats are prowling after a new base, a new young base, who's never voted before.

Thankfully, many have predicted that the next generation of voters will be the most conservative generation since pre-WW2. I guess they've watched as their older siblings (or parents) have returned from college with pink hair, atheism, exorbitant debt, and infinite genders, only to decide that personal responsibility, a moral compass, and belief in God are preferable.