Your Personal Bank

Most Americans agree that our country is headed in the wrong direction. If a talented team loses games, the coach goes back to basics, blocking and tackling. Teams have a philosophy, an identity. Countries have philosophies and identities also. If you start a business and apply for a loan, the Small Business Administration and/or lender require a business plan. The business plan starts with a mission statement. When a business starts, does it live up to it's mission statement? No. It is an aspirational statement. The mission statement is what the business aspires to.

What is the Mission Statement for the United States? The Declaration of Independence.

Some people denigrate the founders and the founding documents because everyone was not treated equal. Also, slavery still existed. Did the United States start living up to the Declaration immediately? No. It is what our government and country aspires to.

For example, freedom thru the right to vote has expanded. We should be proud of that heritage, not denigrate it.

What is the mission statement for the United States?

The founders never intended for Americans to trust their government. The entire constitution is predicated on the assumption that government is a necessary evil, to be restrained and minimized as much as possible. The founding documents restricted government to limit its size, scope, and power.

"Government is not the solution to our problem; government is the problem." - Ronald Reagan

I believe you are not truly a US citizen without this understanding. You do not understand the United States mission statement.

I predict 2024 could become very chaotic. Risk in 2024 likely will be highly elevated. We are in uncharted political waters. Market risk will likely be higher. - Market risk will likely be higher. Protect your money. Reduce your market risk. Diversify. Have some guaranteed assets. - The government will be pressured to increase revenues as debt increases. Raising taxes is one method. Create a tax-free bucket of money. Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates. Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.

Contact me at [email protected] if you want info on how to thrive financially in 2024.

The searing criticisms of an overbearing, unaccountable government in "Common Sense" by Thomas Paine ring as true today as they did in 1776.

The pamphlet expressed a radical democratic spirit. It encouraged everyone to evaluate the case for independence. Independence from a king was a highly innovative idea at the time. Human history has been dominated by strongmen; kings, dictators, rulers of all types.

One of the key ideas in "Common Sense" is "We have it in our power to begin the world over again" This was truly revolutionary and influenced the Revolution and lead to the Declaration of Independence.

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,—That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,"

Thomas Jefferson described The Declaration of Independence as an aspirational document. It inspires mankind to an ideal. We need more of this, not less. When this was written, only white men who were landowners could vote. Over time, our country has expanded freedom and increased who can vote. We should be proud of this legacy.

The Declaration of Independence also states it is the Right of the People to alter or abolish government that interferes with the People's rights. This is astonishing.

We have an opportunity to alter our government in the election this fall. Most Americans are against an open border and more money to Ukraine. We need to vote out any representative that supports these agendas. They are not representing their constituents. If we replaced most of them, that would send a clear message.

The US has a record $34 trillion debt. This is a truly depressing achievement. This is more than the value of China, Japan, Germany, India, and the UK economies combined.

The debt has more than doubled since 2013. The US is spending about $2 billion per day on interest payments alone. This is dangerous for our economy and our national security. It is unsustainable.

I predict 2024 could become very chaotic. Risk in 2024 likely will be highly elevated. We are in uncharted political waters. Market risk will likely be higher. - Market risk will likely be higher. Protect your money. Reduce your market risk. Diversify. Have some guaranteed assets. - The government will be pressured to increase revenues as debt increases. Raising taxes is one method. Create a tax-free bucket of money. Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates. Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.

Contact me at [email protected] if you want info on how to thrive financially in 2024.

If a conservative doesn't like guns, they don't buy one. If a liberal doesn't like guns, they want all guns outlawed. If a conservative is a vegetarian, they don't eat meat. If a liberal is a vegetarian, they want all meat products banned for everyone. If a conservative is down-and-out, they think about how to better their situation. A liberal wonders who is going to take care of them. If a conservative doesn't like a talk show host, they turn the channel. Liberals demand that those they don't like to be shut down. If a conservative is a non-believer, they don't go to church. A liberal non-believer wants any mention of God and Jesus silenced and removed. If a conservative decides that they need health care, they go about shopping for it, or may choose a job that provides it. Liberals demand that the rest of us pay for their healthcare. Liberals frequently accuse Conservatives of being a "threat to democracy" or wanting to take away your rights. Liberals want everyone to conform. Which side really wants freedom for everyone?

I predict 2024 could become very chaotic. Risk in 2024 likely will be highly elevated. We are in uncharted political waters. Market risk will likely be higher.

Contact me at [email protected] if you want info on how to thrive financially in 2024.

The Wheel of Life is one of the most impactful discussions Ferenc shares annually. If you want to make 2024 your best year yet, the Wheel of Life is key to successful goal setting. Ferenc shares proven steps on how to live your best life. Contact me at [email protected] if you have any questions on successfully accomplishing your goals.

I predict 2024 could become very chaotic. Risk in 2024 likely will be highly elevated. We are in uncharted political waters. Market risk will likely be higher.

Contact me at [email protected] if you want info on how to thrive financially in 2024.

The Colorado Supreme Court dis-enfranchised millions of voters. We are in uncharted legal water. Will our constitution survive this blatant attack? This is not about Trump. This is about Marxists taking away citizens' Constitutional rights. This is what dictators and communists do to their political opponents. If a government is powerful enough to take away your right to vote, it is powerful enough to take other rights. What other rights are the current administration going to attack?

The establishment sees Trump as a threat. Once he obtains the Republican nomination, expect chaos to try to stop him.

The establishment has shown they are willing to do anything to stop Trump. Including taking away citizens' right to vote for the candidate of their choice. Including shutting down the economy, imposing mask mandates, and forcing you to inject an experimental shot or you lose your job/career. What other actions are they willing to take to protect their control, power, and money?

I predict 2024 could become very chaotic. Risk in 2024 likely will be highly elevated. We are in uncharted political waters.

Market risk will likely be higher. Reduce your market risk. Diversify a portion of your portfolio into guaranteed options.

Vanguard expects bond returns to be favorable for the next 5 -10 years. Your Personal Bank dividends are highly interest rate sensitive. Dividends will likely increase for the next 5 -10 years. Your Personal Bank allows you to earn cash flow on money you spent every year for the rest of your life! This can help you offset inflation. Interest rate sensitive assets will thrive while asset values on most stocks and real estate will suffer. Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates. Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.

The Federal Reserve has been selling assets most of 2023. This is known as quantitative tightening. As a result, the money supply has reduced 3.3% since July 2022. This has only happened four previous times in US history; 1920-21, 1929-33, 1937-38, and 1948-49. Each time, a severe recession followed. Warren Buffet has sold over $28 billion in stocks in 2023. He has stated stocks are expensive and has been pessimistic about the stock market and economy. He is following history. Warren Buffest is considered the best investor in history. Wall Street and investors are paying attention. The Federal Reserve has recently announced they expect to reduce interest rates 0.75% by the end of 2024. A recession would reduce demand, inflation, and make interest rate reductions more likely. If interest rates are reduced slightly, they would be at long-term average rates. These rates would remain higher than the extreme low rates over most of the past decade. This bodes well for fixed interest, bank money, bonds, and dividends. Vanguard expects bond returns to be favorable for the next 5 -10 years. Your Personal Bank dividends are highly interest rate sensitive. Dividends will likely to increase for the next 5 -10 years. Your Personal Bank allows you to earn cash flow on money you spent every year for the rest of your life! This can help you offset inflation. Interest rate sensitive assets will thrive while asset values on most stocks and real estate will suffer. Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates. Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid. Contact Ferenc at YourPersonalBank.com or [email protected] for more info.

Why do I share current events and political policies on a financially focused show? Economic freedom is freedom. The famous statement in the Declaration of Independence "Life, Liberty, and the Pursuit of Happiness" was almost "Life, Liberty, and Ownership of Property". The founding fathers understood the power of economic freedom. The founders also understood the tyranny of an overzealous government. They lived under a dictator. A king is a dictator in fancy robes. Absolute power corrupts absolutely. The founding founders accurately predicted that governments would constantly attempt to acquire more power. More government power results in less freedom for the people. Ronald Reagan was correct when he stated "Government is not the solution. Government is the problem". This is why the Constitution was written to limit the power of government, not the other way around. In fact, the 10th amendment in the Bill of Rights states "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people." The Constitution lists the powers of the federal government. The powers not listed are for the states or the people. I describe myself as a Constitutionalist. The Constitution is the supreme law of the land. We need to honor the Constitution and get back to its intention. We need a 1776 rebirth of freedom. If we did that as a country, it would be the greatest economic boost in human history. Life would improve substantially for more people than ever before. Your Personal Bank allows you to earn cash flow on money you spent every year for the rest of your life! This can help you offset inflation. Interest rate sensitive assets will thrive while asset values on most stocks and real estate will suffer. Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates. Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.

Please contact me:

YourPersonalBank.com

[email protected]

866-268-4422

According to the Bureau of Labor Statistics prices for turkey were 7.2% higher in October 2023 than in October 2023. Recently, the Biden administration attempted to claim inflation has reduced. This is misleading at best.   The fact is that Turkey's inflation rate of inflation was less than last year. This does not mean prices went down. The price of turkey only increased slower than the previous year.   The price of turkey has increased 46% over the past 5 years years according to the Bureau of Labor Statistics. Most of the increase was in the past 3 years.   The Consumer Price Index states inflation has increased about 18% since Biden took office.    When you look at items most consumers purchase, the inflation numbers over the past 5 years (with most of the increase in the past 3 years) are much higher:    1. Gravies: 32%    2. Biscuits: 30%    3. Pies: 30%    4. Potatoes: 24%            Source: BLS "Consumer Prices for Turkeys and other Thanksgiving Favorites"   Other groceries including fish, eggs, meat, and poultry are all about 30% more expensive that 5 years ago, according to the Bureau of Labor Statistics.   The typical American household needs about $14,000 additional income than they needed to pay for the same living expenses in January 2021.    As inflation continues to increase prices, more budgets will be squeezed. There are three options to keep up with inflation:    1. Increase Income: most Americans have not been able to increase their income to this extent    2. Reduce Expenses: consumer spending is reducing due to higher prices, this typically leads to recessions     3. Make Your Money Go Farther: earning cash flow on money you spend is a powerful financial tool most people do not employ   Your Personal Bank allows you to earn cash flow on money you spent every year for the rest of your life! This can help you offset inflation.   Interest rate sensitive assets will thrive while asset values on most stocks and real estate will suffer.    Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates.    Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.  

The US Government cannot just print money endlessly. The Federal Reserve is required to hold assets equal to every dollar in circulation. The majority of those assets are treasury bonds. Bonds are a debt instrument. When the government sells a bond, it promises to pay a fixed interested rate for a certain period of time. This is similar to a CD. The government does not pay down the debt. When a bond matures, the government issues a new bond at the current interest rate. The total national debt is over $33 trillion. The government issues several trillion dollars in bonds annually. The fiscal 2022 federal deficit was $1.7 trillion. This means the government sold $1.7 trillion of bonds in addition to the bonds sold to maintain the existing debt. The Federal Reserve and the Bank of China were the two largest buyers of treasury bonds over the past decade. Both central banks are now selling bonds, not buying them. The government is having to offer higher interest rates to entice buyers. As the federal government continues excess spending, they will have to sell more and more bonds with fewer buyers. They will have to offer higher interest rates to sell the treasury bonds. If the government is offering higher interest rates, it forces most other interest rates higher. When you want to finance a purchase you are competing with the US Government to borrow money. Interest rate sensitive assets will thrive while asset values on most stocks and real estate will suffer. Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates. Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.

The Biden Administration is taking credit for inflation reducing 65%

- Prices of goods are still increasing.

- Inflation has not been under 4% annual since May 2021.

- This is double the Federal Reserve target inflation rate of 2% annually for a stable economy.

- The Biden administration's claim of inflation reducing 65% actually means the rate of increase is increasing slower. Inflation is still increasing. Prices are still increasing.

- CPI: Consumer Price Index

o 2021: 4.7%

o 2022: 8.0%

o 2023: 4.0% approximately

o Total: 16.7%

o $100 item, now cost over $116

- Has your income increased 16% in the past 3 years? If not, you are poorer.

Financial Times: 14% of Americans are better off financially because of inflation. 86% are falling behind.

Interest rates are likely to be higher for longer.

- Business Insider: easier to sell Moroccan and Vietnam bonds than US bonds do to all the financing. 30 years bonds are selling at a huge discount because bond investors are concerned interest rates will be higher in the future.

- The massive debt and higher interest rates create record levels of interest payments the government pays.

- Borrowing more money will be increasingly difficult and expensive.

- As the interest on the debt increases, the government will be under extreme pressure to increase revenues (raise taxes).

- Potential tax liability on any taxable asset will increase.

Higher interest rates = higher insurance company dividends

Interest rate sensitive assets will thrive while asset values on most stocks and real estate will suffer. Your Personal Bank dividends are interest rate sensitive and will thrive in a higher interest rate environment. Dividends are likely to increase for the next several years due to higher interest rates. Your Personal Bank funds grow income tax-free and you can access tax-free. This shields you from likely higher future tax rates. You can grow your money safely, with guarantees, tax-free, and highly liquid.