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Ken McElroy Show

Petrodollar Risk: The Bomb That Could Collapse the System with Chris Martenson

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 12 July 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

Chris Martenson of Peak Prosperity joins Ken to discuss the Federal Reserve, debt, inflation, and the risks associated with the petrodollar system. They delve into the impact of oil, the need for resilience, and the importance of reevaluating our belief systems to navigate uncertain times. To learn more about visit his website: https://peakprosperity.com/

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Visit Ken's Bookstore: https://kenmcelroy.com/books/
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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.
Ken's company: https://mccompanies.com

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DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.

Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.

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Transcript

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0:00.0

Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything

0:07.8

real estate with the industry's biggest movers and shakers. I'm your host, Ken McElroy. Let's get right

0:14.4

into this episode. Well, first, I want to introduce my good friend, Chris Martinsen. Big hand for Chris.

0:21.1

Hey, everybody.

0:21.7

So, Chris, let's start off with, well, let's you tell everybody a little bit about yourself and your background because it's quite impressive.

0:30.7

Oh, thanks. First, hey, Kenny, so great to be here with you, with everybody.

0:34.3

My first time at Limitless, and I'm really glad to be here so hey I'm Chris

0:39.4

Martinson former scientist once upon a time pathology degree did a lot of science took a turn

0:45.6

went got an MBA went into business for a long time and for the past 15 years I've been the owner

0:50.7

and operator of a site called peak prosperity does anybody heard Has anybody heard of Peak Prosperity out there?

0:54.9

Oh, nice.

0:55.6

Excellent, excellent.

0:56.6

So this is an online community of people, and we're interested in resilience and how to get ahead

1:03.4

and understanding where the puck's going to be so we can skate there and just trying to figure

1:07.8

out where everything's going.

1:08.8

So I'm a curious guy, and I take my science and

1:11.2

my business and put it together, and I tell stories. Well, I've read all your books, and I love,

1:16.3

I love your site, and I love your podcasts and the videos you guys put out. So let's jump right in.

1:23.5

So the Fed yesterday met. Powell met. He decided not to increase rates.

1:30.0

But when we were talking, you said you got to read between the lines with where the Fed is and where they're going.

1:37.9

So I'd love to hear what you think.

1:40.1

First up, we have to understand that the Federal Reserve are monetary vandals.

...

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