Buy GOLD and SILVER: Massive Government Debt Piling Up: Part Eleven:
Dateline: Del Mar, CA: Friday, October 18, 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 took a close look at the state of California and its seemingly insurmountable public indebtedness.
In this session, FNB offers some strong suggestions on what types of immediate reforms that the once “Golden State” must immediately implement in order to fend off a financial disaster.
Options the STATE of CALIFORNIA Should Implement Now:
The politicians that run and make the state of California ‘go’ have placed their citizens in an untenable situation. The citizens of California are in a vice-grip of ever expanding taxation and diminishing public services.
The revenue schemes that the politicians dream up and then enact literally squeezes larger and larger portions of economic empowerment from the people who work jobs and pay bills.
How will this cycle change? What are some immediate reforms that the greedy and hapless politicians immediately enact that might stop the fiscal bleeding?
Immediate Fiscal Reforms the State of California Must Implement Now:
Slash income tax: the state right now imposes a whopping 12.5 % max marginal income tax rate on its citizens. This is beyond usurious. This is outrageous. The state should immediately reduce this usurious income tax scale and provide its citizens with the chance to prosper again
Fees and product tax schemes: the state of California continues to isolate certain products and/or services to extract added fees and thus enhance its own revenue models. The state should suspend and then withdraw most, if not all of these product enhancement taxation schemes
Gas and fuel taxes: the state of California gobbles up huge portions of its citizens’ incomes via gas and fuel taxes. The political class continues to increase, year-by-year the amount of levied taxes on gas and fuel usage
Property tax increase freeze and rollbacks: the property taxes in the state of California also have become usurious. Families are seeing thousands of dollars per year net increases in their property tax assessments and receive fewer and fewer public services in return for these levels of state-sponsored-confiscations of personal wealth
Commercial and enterprise enterprise enhancements: the state of California has an obligation to create a ‘business friendly’ environment via reduced enterprise taxation
In our next session, FNB will continue to offer some immediate reform ideas that the state must enact in order to fend off the suffocating debt scenario.
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: