How America’s Debt Will Lead to Hyperinflation...
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 12 November 2024
⏱️ 39 minutes
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Summary
Ken and Danille McElroy discuss why the U.S. government is choosing between hyperinflation and deflation due to its mounting $35 trillion debt. They talk about why hyperinflation is the likely outcome and share how the wealthy prepare for it—and what you can do to safeguard your financial future.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Transcript
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| 0:00.0 | The U.S. government is going to have to pick between inflation and deflation in order to deal with the debt crisis, and it's going to pick hyperinflation. |
| 0:10.1 | You think so? |
| 0:11.0 | Yes. |
| 0:11.6 | Well, I don't know. |
| 0:13.4 | Like, it's interesting. |
| 0:14.2 | Like, because first of all, those aren't the only two things, deflation or hyperinflation, right? |
| 0:21.3 | So things can be a deflationary as they are. |
| 0:24.2 | So think about what's deflationary, a new car, a computer, right? |
| 0:30.1 | There's all kinds of things that are deflationary. |
| 0:32.3 | So you can have, I think George Gammon gave me the best example. |
| 0:35.9 | He said, you think of a hot air balloon that's going up, |
| 0:40.5 | that's inflation, and then you have a hole in it that's deflation. So it doesn't have to be |
| 0:48.1 | just one thing. That makes sense. So what do you think would hyperinflate it? |
| 0:55.3 | Well, I think we're going to have what I would consider to be long-term elevated inflation. |
| 1:04.7 | Okay. |
| 1:05.1 | So, all right. |
| 1:06.0 | But let's talk about what hyperinflation is. |
| 1:08.3 | Okay. |
| 1:08.7 | Okay. |
| 1:09.2 | So hyperinflation, the actual technical term, |
| 1:14.0 | is 50% a month. And is that what it is, Jerry? So yeah, it's 50% a month. It's 50% a month. It's 50% inflation a month. |
| 1:29.1 | That's hyperinflation. |
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