The Milkshake Theory: The Dollar's Strength is Both a Blessing and a Curse & Impact on Real Estate
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 16 January 2025
⏱️ 58 minutes
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Summary
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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 | today brett johnson we got to test the milkshake theory the milkshake theory man himself is here so |
| 0:09.1 | if you haven't heard about it you should but we had the guy himself the one who coined the term milkshake |
| 0:15.9 | theory and i think you're going to like what he had to say about the strength of the dollar |
| 0:19.8 | inflation where the economy's |
| 0:21.6 | heading printing bitcoin all of it well he has a really interesting opinion because while a lot of |
| 0:27.1 | people think that the dollar is going to weaken he really believes the dollar is going to |
| 0:30.8 | strengthen and he has a lot of data and some good points behind it i will say this one is very high |
| 0:36.9 | level but it's also so good to know and understand |
| 0:40.4 | this because the U.S. economy is more than the dollars we transact in the United States. |
| 0:45.5 | Well, I like the way he explained it because he basically said four or five years ago, in spite of |
| 0:50.9 | all the printing, that the problem that the U.S. is going to have |
| 0:55.8 | is a strong dollar, which everybody attacked. |
| 0:58.9 | Yeah, but now the dollar is very strong right now. |
| 1:00.9 | It's almost at 110, so it's jumped a lot. |
| 1:03.9 | So it's very interesting. |
| 1:05.2 | Yeah, so if you're having trouble with this one, |
| 1:07.4 | just keep pushing through because I promise you, it's worth it. |
| 1:11.8 | Yeah, we had trouble too, but just listen over and over and over. So the dollar is exploding higher. Is the milkshake |
| 1:18.7 | theory playing out? I think it is. You do? I do. Well, before we jump into that, what is the milkshake |
| 1:25.9 | theory for those listening that don't know? Based on the design |
| 1:29.5 | of the monetary system, for better or worse, the US dollar is the global reserve currency, |
| 1:34.8 | and that's what the entire global monetary system is levered off of. So when things go bad, |
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