What is the Role of Government? The Answer Affects the Future of Our Economy, Money and Our Freedom
February 7, 2024
Hosted by Ferenc Toth
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Episode Description
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 problem is that the Federal Government has gradually gained more power for the past 100+ years. This has encroached on the states and individuals rights. Texas standing up for their Constitutional rights could become the beginning of a shift of rights back to the states. No one recommends investing all your money in one stock. that would be too risky. Why would you put all your eggs in one basket? Diversification of policies from 50 states would be great for innovation. This would also create competition between the states. The best ideas would be copied by multiple states. If there were different policies, you could move to a state that fit your belief system. This is what the founders intended. Diversifying power to 50 states would be great for our economy and our freedom. This could be a renaissance of freedom. A 1776 moment. 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 ferenc@yourpersonalbank.com if you want info on how to thrive financially in 2024.
Your Personal Bank
Wednesday at 11 AM Pacific on VoiceAmerica Business Channel
Your Personal Bank TM is a financial concept that strategically integrates financial tools from the banking and insurance industries to continue growth on funds even when you access them for other purposes. Ferenc will share how Your Personal Bank can enhance returns on investments, including real estate, reduce the cost of borrowing, and safely create positive arbitrage. Ferenc will also share how the rapidly increasing interest rates will likely increase future returns and positive arbitrage.
Ferenc Toth
Ferenc is founder of Your Personal Bank TM. He is passionate about helping people gain control of their money, create tax-favored income, and having access to more funds over their lifetime! He has a knack of explaining complicated financial concepts in a simple and easily understood manner. Ferenc gets people to think and empowers them to better understand the financial tools they are considering. He actively educates for financial literacy. Ferenc’s company continues growing rapidly with over 5000 clients and a dozen advisers. Ferenc has personally advised over 1000 clients and mentored many advisors over his 20+ year career. Ferenc has been and is annually recognized by several financial and insurance institutions as a top advisor. He has been honored many years as a top 10 adviser nationally. Ferenc is a General Agent. Unlike most agents/advisors General Agents work directly with financial institutions and typically have an extensive level of experience and knowledge. Ferenc proudly served in the Fife and Drum Corps, 3rd US Infantry, “The Old Guard”, US Army. The Old Guard is the Army's official ceremonial unit and escort to the president. The Fife and Drum Corps is one of the premier musical units in the US Army. Ferenc performed in many ceremonial functions at the White House and various events around the country including the Indianapolis 500 and Kentucky Derby. Ferenc is a semi-professional bass trombonist. He performs in various groups including church orchestra
Episode Directory
February 2024
- 2/14/2024: Reasons to Be Encouraged, Yet Chaos Continues Listen Now test
- 2/7/2024: What is the Role of Government? The Answer Affects the Future of Our Economy, Money and Our Freedom Listen Now test
