Buy GOLD and SILVER: Massive Government Debt Piling Up: Part Eight:
Dateline: Del Mar, CA: Monday, October 14, 2019
FNB is a precious metals industry leader. Each weekday, we post information and financial facts (and opinions!) that relate directly to the financial markets and also that have direct impact upon the daily lives of investors.
In our last session, FNB continued our public debt series. We discussed and turned our attention to the mounting, ever-escalating mountains of government debt. Government debt that piles up, layer upon layer in most of our cities, townships, states and of course federal government.
FNB examined what the ‘End-Game’ for debt-burdened states might look like.
In this session, FNB offers some strong suggestions on what types of immediate reforms that any state swimming in public debt might pursue to alleviate some of their fiscal woes.
States Swimming in Debt FISCAL LIFE PRESERVERS:
Some of the most populous states in America are moving past the point of financial risk and into the uncharted territories of fiscal Armageddon.
Some of the most influential states in America are fast exceeding spending limits that once defied imaginations and now threaten their fiscal sovereignty.
Some of the most exceptional states in America are beginning to ask the question: “what do we do when we cannot pay our bills?”
Some of the most progressive states in America are facing futures where their ability to tax and squeeze any more income/revenue out of their constituents has been summit-ed.
Some of the most ardent states that once promised economic prosperity are tinkering near the precipice of complete, fiscal disruption.
Given the fact that multiple states in America are awash in public debt, FNB suggests the following reforms.
State Reform Considerations:
FNB challenges the politicians to begin to curb their spending habits. Here are some strong suggestions for immediate fiscal reform:
Invest in entrepreneurs: states facing financial impairment need to quickly, and we mean as soon as today begin to find entrepreneurs and partner with them
Start businesses: states in fiscal disrepair should institute policies that launch businesses
Lighten tax burdens on business owners: states in fiscal need have to help businesses by allowing them to keep and retain larger portions of their gross revenue
Regulatory relief: states gasping for capital have to remove the strictures and the regulatory tourniquets that are stifling and hindering business growth
Enterprise zones: states searching for new revenue should empower businesses by establishing enterprise zones that either eliminate or fully eradicate business taxes should companies relocate to those locales
Reduce property taxes: states in fiscal crisis have to provide remedy for their citizens. The quickest way to accomplish this is to drastically pull back property tax valuations
Fiscal relief for states in fiscal distress starts by empowering citizens and companies to thrive. Terms like, ‘business friendly’ and ‘commerce welcoming’ quickly turn fiscal woes into fiscal windfalls.
The question is: “Will the political class listen?”
FNB strongly urges all savvy and thoughtful investors to ramp up their physical gold coins, bars and bullion holdings. FNB invites all to visit our website:
FNB invites all that live in or near our three physical locations in San Diego, Del Mar and Scottsdale to stop in and visit and meet one-on-one with our Team of precious metals experts.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Founder and Owner,
First National Bullion
For direct consultation with a gold and silver expert contact FNB: