Why The Fed Can't Stop What is Coming Next
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 20 May 2026
⏱️ 27 minutes
🧾️ Download transcript
Summary
The U.S. government now depends on rising asset prices, consumer spending, and capital gains taxes just to keep federal finances functioning. Ken and Danille break down why a real recession no longer just hurts consumers. It threatens the entire fiscal system.
Are you an accredited investor and interested in finding multifamily opportunities. Click on this link to learn more about how to invest with Ken and his team. https://mccompanies.com/investor/?utm_source=youtube
• • •
Tired of paying to store your gold? Then check out our sponsor, Monetary Metals!. Working with them you can earn up to 4% a year in physical gold, without selling it, learn more at this link: https://www.monetary-metals.com/ken
This is a paid sponsorship from Monetary Metals If you are an accredited investor and are interested in investing with MC Companies and Ken follow this link to sign up: https://mccompanies.com/investor/?utm_source=youtube
Ken has a new YouTube channel for his podcast! Check it out and subscribe at this link: https://YouTube.com/@KenMcElroyPodcast
Follow Ken on social media at:
https://x.com/kenmcelroy
• • •
Be sure to click the bell to be notified as soon as the next informational video is posted! Visit Ken's Bookstore: https://kenmcelroy.com/bookstore
•
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. 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://thefoundersgroup.com/
•
DISCLAIMERS: Any information or advice available on this channel 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 channel. 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 channel 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 channel. 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. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
2025 KenMcElroy.com, LLC. All Rights Reserved.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | While everyone is waiting for a big crash, what they're forgetting is the U.S. government |
| 0:06.4 | depends on consumer spending, tax collection, and asset appreciation in order to make things |
| 0:14.1 | work. |
| 0:15.1 | Yeah, but I think we first got to take a look at the financial condition of the U.S. As you guys know, most you probably know, everything boils down to the same math |
| 0:26.7 | problem that we've been talking about real estate the whole time. |
| 0:29.4 | So you personally have a financial statement for your personal net worth, your home, |
| 0:35.5 | all your assets. |
| 0:37.1 | We have one. Each property has one. You go |
| 0:39.7 | income minus expenses minus debt equals cash flow, as you guys know. So I think it's important that |
| 0:45.7 | we first start with the US's financial statement. So, Jerry, could you pull that up real |
| 0:50.7 | quick? Because I think this is a really interesting thing. |
| 0:54.2 | And hopefully you guys all know this. |
| 0:56.9 | But right now, the U.S. federal government pulls in about $5.23 trillion in revenue. |
| 1:05.3 | And these are the categories. |
| 1:07.1 | So, you know, half of that, let's say, comes from the individual tax. |
| 1:12.2 | 33% of that comes from payroll. |
| 1:15.0 | And then oddly enough, you know, what's in the news most is this corporate income tax. |
| 1:19.8 | It's about eight, almost nine percent. |
| 1:22.7 | And there's your tariff number. |
| 1:24.1 | Now, of course, this is new, fairly new under the Trump administration. But the |
| 1:29.3 | most important thing to look at is the spending. Now, obviously, if you guys were in this situation, |
| 1:36.4 | you'd probably file bankruptcy because you can't spend $7 trillion when you only have $5.23 |
... |
Transcript will be available on the free plan in 13 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.