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 increas...
Apr 30, 2024•53 min
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...
Apr 23, 2024•54 min
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...
Apr 16, 2024•52 min
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...
Apr 09, 2024•54 min
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 requi...
Apr 02, 2024•54 min
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 in the past 8 months. If u...
Mar 26, 2024•52 min
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 had not been counted...
Mar 19, 2024•54 min
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 and earn posit...
Mar 12, 2024•53 min
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 arrest was in Ne...
Mar 05, 2024•54 min
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 the Constitu...
Feb 27, 2024•53 min
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. The government has no money...
Feb 20, 2024•54 min
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 logical sense. Farmer...
Feb 13, 2024•54 min
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 Government. The prob...
Feb 06, 2024•53 min
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 Invasion...and do...
Jan 30, 2024•52 min
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 aspir...
Jan 23, 2024•54 min
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 a...
Jan 16, 2024•54 min
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 l...
Jan 09, 2024•52 min
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 ferenc@yourpersonalbank.com 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...
Jan 02, 2024•54 min
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 establ...
Dec 26, 2023•55 min
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 ...
Dec 19, 2023•52 min
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 absolu...
Dec 12, 2023•54 min
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 i...
Nov 28, 2023•51 min
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 202...
Nov 21, 2023•51 min
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. The interest increas...
Nov 14, 2023•53 min
Nov 07, 2023•52 min
Oct 31, 2023•55 min
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. Most are f...
Oct 24, 2023•50 min
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 children in a surprise attack. 7. Biden weakened US natio...
Oct 17, 2023•53 min
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 enhance rea...
Oct 10, 2023•55 min
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 benefits, they have ...
Oct 03, 2023•54 min
