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The Government Waste is not Incompetence, it is Corruption | Your Personal Bank Ep 76 | 02-18-25

Ferenc Toth 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! Ferenc is a voice for common sense. He cuts through the noise to help us understand how current events affect our money.

The amount of money wasted by the Federal Government is astounding. This level of waste is not incompetence, it is fraud.

$2.7 trillion has been sent to recipients overseas who were not qualified to receive Social Security since 2003. This corruption has been happening for decades.

Social Security is not going broke. It is being stolen.

Just like any fraud, the thieves should be prosecuted, and the funds should be refunded to the victim. The victim in this case is the US taxpayer. The taxpayer deserves a break.

Many financial experts are calling this the “golden age” of fixed investments.

Even if the Trump administration does everything right, some problems will take a while to fix. Debt is a major challenge.

Record levels of debt requires record selling of bonds. This pushes bond interest rates higher.

Until the government starts paying down debt, bond interest rates will remain elevated.

When bond yields (interest) increase, institutional investors tend to move out of the stock market and into the bond market.

Many institutional investors like banks, insurance companies, and pension funds are focused on obtaining steady consistent cash flow to pay their liabilities rather than accumulation. These large institutional investors have the ability to move markets.

Blackrock, Goldman Sachs, JP Morgan, and Vanguard analysts all predict S&P 500 index returns will average 3-5% annually for the next decade.
If the analysts are correct, Your Personal Bank dividends, annuities, and guaranteed lifetime income will all outperform the S&P 500 over the next decade without market risk and tax-favored.

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