Your Personal Bank Ferenc Toth

Our Federal Government has revised the employment numbers nearly every month in 2023. The total job new job numbers were reduced by 360,000 in 2023 from the initial reported job numbers.
 
For example, the US Government initially reported 209,000 new jobs for June 2023. Then later revised down by 104,000 jobs. The real new job numbers were about half of the original job numbers.
 
Why is this so important. The one consistent bright spot in the economy has been low employment. If unemployment increases that will likely be the last straw before we experience a recession. 
 
The federal government is consistently over-reporting the new job numbers then quietly revising the numbers when no one is paying attention. I believe this is an effort make the economy look better for political reasons than it really is.
 
Once enough people and investors realize the truth, this could affect the market significantly.
 
 
I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.
 
When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending. 
 
The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.
 


Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

Our Federal Government has spent more than it receives for decades. This has become worse over time. We now have over $34 trillion in debt and the debt is increasing about $1 trillion every 100 days. This is unsustainable. 
 
We have tried deficit spending for decades. It has caused inflation, economic instability, and is a national security issue. 
 
What if the government lived within its means? How about we try that for a while? That would be common sense.
 
I believe the excess spending will lead to financial chaos sooner than most people think. We are speeding towards a financial cliff.  We need financial sanity. We need common sense.

 
 
I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.
 
When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending. 
 
The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.
 


Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

Truth in Accounting believes truthful accounting is the key for citizens, legislators, and the press to understand the truth about government finances.
 Sheila Weinberg Bio Picture.pdf
 
Truth in Accounting recently released The Financial State of the Union. This is a review of the latest available audited Financial Report of the U.S.
Government. Go to yourpersonalbank.com to review.
 
Sheila Weinberg, Truth in Accounting founder, shares powerful financial information regarding the financial state of the US government, states, cities, and Social Security. This is information anyone who receives or plans to receive Social Security needs to know. Also, government employees and retirees need to know the financial info that likely will affect their retirement. This  is an interview not to be missed.
 
 
 
I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.
 
When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending. 
 
The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.
 


Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.
Please contact me with any questions.

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 year 2023. As long as the federal government continues to spend more than it receives, inflation and interest rates will be pushed higher. This is the reason the Federal Reserve has stated to "expect higher for longer" regarding interest rates.
 
 
 
I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.
 
When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending. 
 
The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.
 


Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.

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. Today, the income required to purchase the average home is $109,000. If you were an average income earner and increased your income $10,000 per year over the past 4 years, you increased your income more than most people. Unfortunately, you did not improve your financial situation regarding housing costs. Sadly, home ownership has slipped away for many Americans.
 
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 year 2023. As long as the federal government continues to spend more than it receives, inflation and interest rates will be pushed higher. This is the reason the Federal Reserve has stated to "expect higher for longer" regarding interest rates.
 
The federal government fiscal irresponsibility creates opportunity. Insurance company dividends are highly interest rate sensitive. Interest rates and dividends are expected to increase over the next 5 -10 years.
 
Your Personal Bank allows you to grow your money insured, with guarantees, tax-free, and likely increasing returns over the next 5 - 10 years.
 
 
I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.
 
When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending. 
 
The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.
 


Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.
 

The US has Lost 2 Million Full-Time Jobs in the Past 8 Months and Wage Growth is Slowing
 
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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 in the past 8 months. If unemployment increases, we will likely experience a recession.
 
 
 
I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.
 
When the government spends more than it receives, it has to sell bonds to off-set the currency. As long as the federal government continues to print money, bond interest rates will remain higher. Currently, there is no political will to reduce spending. 
 
The federal government's excess spending creates an opportunity. Insurance company dividends are highly interest rate sensitive. Dividends are expected to increase for the next 5-10 years. You earn dividends insured, guaranteed, tax-free and highly liquid. You can take advantage of the government's financial irresponsibility.
 


Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more info.