Your Personal Bank

Inflation is Impacting Average Americans Significantly

The compound effects of inflation over the past 3 years is forcing many Americans to make difficult financial decisions.   When the federal government spends more than it receives through tax revenues, it prints the extra dollars. This increases the amount of currency in circulation. Extra dollars chasing products and services increases prices. This is the cause of inflation.   The US government is expected to spend $2.5 trillion more than it will receive in tax revenues in fiscal y...

Inflation is Much Higher than the Government is Reporting

The government changed how it measures the Consumer Price Index (CPI) to make it appear inflation is less severe than it actually is.   If CPI was measured using pre-1983 methods, 2022 is estimated to be 18%. 2023 inflation (CPI) was 9% according to the Bureau of Economic Analysis.    These numbers are supported by a 25% increase in food costs since January 2020, source US Labor Department.    Zillow states the income required to purchase the average home 4 years ago was $59,000...

The US has Lost 2 Million Full-Time Jobs in the Past 8 Months and Wage Growth is Slowing

The US has Lost 2 Million Full-Time Jobs in the Past 8 Months and Wage Growth is Slowing   Show Description: Consumer spending has been the lone bright spot in the economy. Consumer spending accounts for about 2/3 of Gross Domestic Product (GDP).    The unprecedented amount of government stimulus has supported consumer spending. The excess money in the system takes time to percolate through the economy. It is running out for many people.   Also, the US has lost 2 million jobs ...

The US Census Counts All People, Including Illegal Immigrants

Many Americans are unaware that the US Census counts all people, including Illegal Immigrants. Population determines the number of House seats for each state. This also determines Electoral College votes for President.    Based on the 2020 Census, it is estimated illegal immigrants account for about 20 House seats, mostly from Democrat states.   Several Democratic states have lost House seats due to population loss. Sanctuary cities create a magnet for illegal immigrants. If they ha...

The US Census Counts All People, Including Illegal Immigrants

Many Americans are unaware that the US Census counts all people, including Illegal Immigrants. Population determines the number of House seats for each state. This also determines Electoral College votes for President.    Based on the 2020 Census, it is estimated illegal immigrants account for about 20 House seats, mostly from Democrat states.   Several Democratic states have lost House seats due to population loss. Sanctuary cities create a magnet for illegal immigrants. If they ha...

John Burley Interview - Successful Real Estate Investing in 2024

John Burley is one of the most experienced real estate experts, educators, and is a private equity founder in the US. With 35+ years of investing experience and thousands of (personally) completed real estate deals, hundreds of millions of dollars raised, John Burley has the perfect mix of street-savvy knowledge and sound investing principles.    Your Personal Bank can help you enhance real estate investing. You can lower your cost of borrowing. You can also operate similar to a bank an...

It does not matter what you support politically. We are all Americans. Americans are being threatened, beaten, harassed, robbed, and killed by illegal immigrants, yet the border remains open.

Laken Riley went on a run around Lake Herrick in Athens, Ga. and never came back. The 22-year-old nursing student died of blunt-force trauma after her innocent jog allegedly crossed paths with Jose Antonio Ibarra, 26, whom police say killed her in a "crime of opportunity."    The Atlanta Journal-Constitution referred to Ibarra as an "Athens man," instead of a violent Venezuelan illegal immigrant. ICE officials confirmed he was arrested twice. Once in Texas and "paroled". His second ar...

Our System of Checks and Balances is Decimated

The Biden administration announced forgiving another $1.2 billion in student debt. This is after the US Supreme Court ruled last year that the president cannot forgive student loan debt.    When referring to student loan forgiveness Biden stated "The Supreme Court blocked it. But that didn't stop me" The executive branch is trampling and ignoring another co-equal branch of government, the US Supreme Court. Every president since George Washington has taken an oath to "protect and defend t...

Illegal Immigrants Don't Have to Pay Taxes, But You Do

Illegal immigrants don't have to pay taxes, but you do. Many illegal immigrants don't have to pay for housing, but you do. Many illegal immigrants don't have to pay for housing, but you do. Many illegal immigrants don't have to pay for food, but you do. Many illegal immigrants don't have to pay for health care, but you do.   How is this fair to US citizens?   Where does the money come from for all the benefits currently being given to illegal immigrants? Your tax dollars.   ...

Reasons to Be Encouraged, Yet Chaos Continues

The farmer protests in Europe should become a wake-up call.    The European Union's nature restoration law, was attempting to set legally binding "Green New Deal" style targets to restore at least 20% of the EU's land and sea areas by 2030. Europe is dealing with increasing food prices. Taking agricultural land out of productive use reduces food production.    One of the most basic human needs is food. It hurts people and the economy. It hurts lower income the most. This makes no log...

What is the Role of Government? The Answer Affects the Future of Our Economy, Money and Our Freedom

The border stand-off between the state of Texas and the Federal Government is the most significant Constitutional issue since the Civil War.    The States created the Federal Government, not the other way around. If the states ever thought they would not be able to protect themselves from invasion if the Federal Government failed to do so, they would never have ratified the Constitution and joined the United States.    The Constitution was written to limit the power of the Federal G...

The Greatest Constitutional Crisis Since the Civil War

The border crisis has created the greatest Constitutional crisis since the Civil War.   Texas installed razor wire to reduce illegal immigrants crossing the southern border. The Biden administration sued the State of Texas to remove the razor wire. Incredibly, the Supreme Court in a 5-4 decision sided with Biden administration.    This is despite Article 4, Section 4 of the Constitution states "The United States shall guarantee to every State...and shall protect each of them against ...

Our Country is Going in the Wrong Direction, It's Time to Go Back to the Basics

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 ...

"Common Sense" by Thomas Paine applies as much today as 1776

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 ...

Conservative vs. Liberal Comparison

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 deman...

Wheel of Life and Successful Goal Setting

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...

United States Representative Republic 1787-2023 RIP.

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 attac...

The Money Supply has Reduced this Year. A Strong Recession has followed every Previous Time

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. W...

Why the Constitutional Freedoms We Enjoy are Important for Your Economic Security

 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 corr...

Interest Rates: Expect Higher for Longer. How to Thrive in an Higher Interest Rate Environment.

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 na...

Inflation is Still Increasing. Prices are Still Increasing. Only 14% of Americans Are Better Off Financially than 3 Years Ago

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. -          CP...

Interest Rates High for Longer! Why? Debt Spiral Accelerating

 Expect Interest Rates Higher for Longer! Why? The Debt Spiral is Accelerating   Due to higher interest rates, the interest on the debt is increasing faster than expected. The interest on the debt now exceeds $1 trillion annually. The cost of interest has doubled in the past 19 months.    According to the Congressional Budget Office (CBO), the deficit will be about $3 trillion for fiscal year 2024. This is 50% higher than the CBO estimates recently. This is known as a debt spiral. Th...

Interest Payments on the US Government Debt Will Soon Increase Significantly, Interest Rates Will Likely Stay High Far Longer

US Treasury Department Dropped a Financial Bombshell

Middle Eastern War and Speaker Battle has Significantly Increased Risk!

Show Description: Ferenc shares the role the current administration has played to contribute to terrorism and the current Middle Eastern War. US tax dollars are supporting terrorism. These actions have made the world, our security, and our economy significantly less safe.    The current speaker battle in the House of Representatives demonstrates why the Republican party struggles to accomplish to goals of their voters. About 20 representatives are refusing to elect Jim Jorden as speaker....

Middle Eastern War! If Oil Production is Disrupted, Expect a Strong Recession

 We are in very serious times. The Biden administration is deeply unserious.       1. Some of the weapons used by Hamas were US made, likely from the Afghanistan withdrawal.       2. The US released $6 Billion to Iran in a recent prisoner exchange.       3. Iran is the #1 sponsor of terrorism in the world.       4. Hames is a designated terrorist organization.       5. Hamas confirmed Iran supported Hamas with financial support.       6. Hamas captured and executed women and chil...

John Burley Interview - Successful Real Estate Investing with High Interest Rates

John Burley Interview - Successful Real Estate Investing with High-Interest Rates Show Description: John Burley is one of the most experienced real estate expert, educator, and private equity founder in the US. With 35+ years of investing experience and thousands of (personally) completed real estate deals, hundreds of millions of dollars raised, John Burley has the perfect mix of street-savvy knowledge and sound investing principles. His Bio: BIO LINK   Your Personal Bank can help you ...

Truth in Accounting Interview

Truth in Accounting is a non-partisan and non-political government accounting watchdog organization. Truth in Accounting focuses on education to empower citizens. I interviewed Sheila Wienburg, Founder and CEO. Sheila shares some valuable and sobering info regarding government spending.    Three major points Sheila shared:  1. Our federal government has promised nearly $1,000,000 in benefits per taxpayer. Not only does the government not have the money or a plan to provide these benefi...

Avery Chi Interview: A Personal Journey with the Broken US Immigration System

Avery Chi shares her personal story of her dream to become a US citizen. Avery is a Chinese national who dreamed of coming to the United States ever since she was young. She was able to obtain a student visa in 2014 to earn her Master's Degree. She then obtained a job in the IT industry.    A company sponsors the employee for them to obtain a H1 work visa. The company is in control regarding processing the paperwork to obtain citizenship. Avery has been told an individual cannot initiate...

It's Probably Worse than Your Worst Fears

The Biden administration is doing everything in their power to take more power and control while making our lives more difficult. I have been an optimist my entire life. When it came to our government I used to think that would never happen, then it did. I then changed to, nothing surprises me. Then, whatever I considered the worst case scenario that is what I expected. Now, I expect the truth to be something worse than my worst fears.   All the leading economic indicators are predicti...

The Biden Administration is Attacking Energy Production and Transportation Again, Expect Higher Energy Costs and Inflation for Longer

The Biden administration has cancelled oil and gas leases, banned natural gas transportation by train, and is instituting stringent restrictions on large trucks.   These policies will increase energy prices. This will further increase the cost to manufacture and transport nearly every product Americans purchase. This will further increase inflation for                                  much longer than most people realize.   The only solution at this time appears to be removal of the ...

The Real Division in America is Top vs. Bottom, Oligarchy vs. Citizen

 America has been an Oligarchy pretending to be a democracy for decades.                                     - What is an Oligarchy? A few people in power in control of the majority.                                 - Who is in the ruling class? Media, Big Business, Elite Colleges, Ultra-Weathy, Government (include members of both political parties, most Democrats and RINOS)                      - Whenever you hear someone from ruling class/elite/insider “threat to our democracy” they m...

Government Incompetence Creates More Problems Than It Fixes. Are You Ready for the Next Crisis, Financial or Otherwise?

The Maui fire disaster is another example of government incompetence. Mask mandates, excess government spending, and high debt are other recent examples of government incompetence. Do you trust the current government officials to handle the next disaster? Based on previous experience, they are likely to make it worse. Nearly every leading economic indicator is predicting a hard recession. Ignore them at your peril. Protect your money, reduce market risk, reduce your tax liability, make more ...

Hyper-Inflation or Deflation Ahead? How to Stay Nimble with Your Money for Either Option.

Record levels of Government Spending are likely to cause Hyper-Inflation or Deflation. The record levels of debt are uncharted territory economically. It is impossible to predict what will actually happen.    With economic uncertainty the best thing to do with your money is to stay nimble. Keeping your money safe from market risk, highly liquid, and free from penalties or taxes will allow you to take advantage of opportunities. Winners and losers are created with extreme economic situati...

Deflation May be Next Instead of Continued Inflation

Show Description: China's economy is experiencing deflation. Prices are dropping on food, consumer products, and commodities. The causes for the price drops include housing value downturn, lower exports, and high unemployment. China's government pursued aggressive economic stimulus after the COVID lockdowns. This has caused a higher debt burden to GDP than the United States.    China is not an example to follow, but a warning of what not to do economically. Central planners typically thi...

US Credit Rating was Downgraded, Expect Higher Interest Rates Longer

Fitch Ratings recently downgraded the US credit rating from AAA to AA+. Fitch stated the reasons for the downgrade included an "erosion of governance" on fiscal and debt matters, rising government deficits, and total government increase in debts. Fitch also expects a recession in late 2023 and ealy 2023.    A lower credit rating equals higher borrowing costs. The federal government debt is currently over $32 trillion. The debt is about 113% of gross domestic product (GDP). Gross Domestic...

8.1.23

Reduce Your Taxes on IRA/401k Required Minimum Distributions using a QLAC

Show Description: Ferenc explains a little known financial tool to reduce taxes on qualified account (IRA's, 401's, etc.) required minimum distributions. Qualified Longevity Annuity Contracts (QLAC) have a special tax advantage. Funds allocated to a QLAC reduce a persons overall qualified account balance subject to required minimum distributions. Lower distributions reduces income taxes.   The QLAC also provides a guaranteed lifetime income that is typically significantly higher than mos...

America is Divided, But Not How You Think

Ferenc shares an inspiring message about the future of the country. Things will likely get worse before they get better, but there is legitimate hope for the future. Listen and find out why.

7.18.23 - Grow Wealth thru Strategic Debt and Minimize Consumer Debt Risk

Description: Most people miss out on a huge opportunity to grow wealth using debt strategically. We are taught to avoid debt. In this show Ferenc asks 3 simple questions “Can you borrow money to purchase rental property to create positive cash flow?” Can you build wealth this way? What if you could do the same thing with your money? As the former Chairman of an FDIC insured bank in formation, Ferenc shares his knowledge to help you understand the debt side of money. He explains the two int...

7.10.23 John Burley Interview: Real Estate Expert, Educator, and Private Equity Company Founder"

7.10.23 John Burley Interview: Real Estate Expert, Educator, and Private Equity Company Founder" With 35+ years of investing experience and thousands of (personally) completed real estate deals, hundreds of millions of dollars raised, John Burley has the perfect mix of street-savvy knowledge and sound investing principles. John is a Pioneer in the Real Estate Investment Business, originally trained in the World of Wall St., in 1989 he left and founded his Private Equity Company, wher...

7.4.23– How to Prevent Lost Opportunity Cost using Your Personal Bank

7.4.23– How to Prevent Lost Opportunity Cost using Your Personal Bank

6.27.23– Three Keys to Thrive in Economic Uncertainty

6.27.23– Three Keys to Thrive in Economic Uncertainty

6.13.23– Economic Affects of the recent Debt Ceiling Agreement

6.13.23– Economic Affects of the recent Debt Ceiling Agreement

6.6.23 Congress gave themselves unlimted debt limit of rthe next two years.

Congress gave themselves unlimted debt limit of rthe next two years

5.30.23 Inflation and the debt celling is destroying the American dream

5.23.23 - Economic_Indicators_are_Warning_of_an_Upcoming_Recession._Dont_Agree._Listen_then_Decide

5.16.23 - Kip and Lora Brown Interview

Kip and Lora Brown Interview Real Estate Investors Velocity Banking Educators Your Personal Bank Clients

5.16.23

 5.9.23 - Is Your Money in the Bank Safe?

 Is Your Money in the Bank Safe?