How to Survive the New Economy (Before It’s Too Late)
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 19 May 2025
⏱️ 32 minutes
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Summary
Since 2020, the U.S. economy has shifted dramatically—debt is soaring, currency is weakening, and inflation is eroding your purchasing power. Ken and Danille McElroy break down how government spending, monetary policy, and asset inflation are reshaping wealth—and why only investors, not consumers, will thrive in the years ahead.
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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 | Everything changed in 2020. |
| 0:05.8 | People were so focused on the virus that they didn't realize that the government was printing money and devaluing their currency. |
| 0:13.9 | Well, I think the issue is that we've always been printing, right? |
| 0:17.7 | Like, it doesn't matter what president has been printing. |
| 0:20.4 | We're printing. And, you know, you't matter what president has been printing. We're printing. |
| 0:21.6 | And, you know, you can go back to the 70s during the, you know, the oil embargo and we were |
| 0:28.1 | printing. And it created massive inflation. Now, many of you might now remember those times, |
| 0:33.4 | but interest rates went up to double digits. We had high inflation. But I think the time to |
| 0:39.3 | look back to that's most recent is probably the lockdown. And I think what happened during the |
| 0:47.0 | lockdown, well, we know what happened. The people all were home and their savings rates went up, |
| 0:52.9 | right? Everybody's collecting money. |
| 0:54.7 | And then they got stimmy checks. |
| 0:56.6 | Mm-hmm. |
| 0:57.1 | Right? |
| 0:57.6 | Yeah. |
| 0:58.1 | So we got these stimmy checks. |
| 1:00.4 | And then there was all this pent up demand. |
| 1:02.6 | And people, when the pandemic was over, people went out and tried to buy, but the shipping |
| 1:06.9 | costs were up and the supply change were a bit of a mess. |
| 1:09.9 | And it drove prices up. |
| 1:11.7 | And corporate America also jumped on board during that time. |
| 1:15.9 | As you guys know, interest rates went up to 9.1% or inflation went up to 9.1% in June of 22. |
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