Buy BUY GOLD and SILVER: Massive Government Debt Piling Up: Part Five:
Dateline: Del Mar, CA: Wednesday, October 09, 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 city of Chicago and its seemingly insurmountable public indebtedness. FNB offered some strong suggestions on what types of immediate reforms that any city swimming in public debt might pursue to alleviate some of their fiscal woes.
In this session, FNB continues its reform suggestions for American cities that are being swallowed by the ferocity of public indebtedness.
The City of Chicago In Debt and In Need of FISCAL and POLITICAL REFORM:
The continuation of the policies that brought American cities like Chicago to the place of perilous financial choices needs to be stopped.
The refusal of American cities that are imperiled by massive, public debt spending to stop their practices is no longer acceptable.
The outright disregard that elected or appointed public officials have in these debt-ladened cities for the well being of their citizens is both disgusting and ultimately life-threatening.
FNB calls for public officials of debt-ridden cities to immediately begin to find solutions and reverse the course of the last fifty to seventy years of their mismanagement and complete disregard for the solvency of their public trusts.
Much Needed Reform Policies for Debt-Entombed Cities to Consider:
FNB suggests the most stringent reforms for fiscally collapsing cities. Here are some strong suggestions for the politicos and their minions to consider:
Reorganize debt payments: interest rates have fallen dramatically over the last twelve months. FNB urges public officials to ‘call’ outstanding notes that have higher and more costly interest expenses and reconfigure the debt structures at lower yield rates
Lower and wherever possible eliminate extraneous taxation: cities with heavy debt burdens often reach into the pockets–deeply reach–of their constituents for higher and higher forms of revenue. This constant drain placed upon the resources of citizens ultimately backfires
Technology and innovation: cities that find themselves stuck in reverse and constantly looking to the past should change their perspective immediately. Cities need to look to the future of technological advancements and creative innovations for their relief
Real property and asset development: cities need to reimagine how their cities will look and breathe and bear fruit in ten, twenty and even one-hundred years. This tilt towards ‘future’ is the kind of positive improvement that will bring back a sense of hope and optimism
Unity and commitment to personal improvement: cities that are staggered by large debt-loads tend to squabble and engage in divisive conversation. Cities that find ways to build prosperity unify conversations and purge animus from the public stage
Big Vision! Cities that are starved for capital need to build alliances with diverse groups of constituents. All impacted citizens should actively participate in the rebirth and the relaunch of a city in need of hope
Fiscal hope and fiscal responsibility spring forth from the dedication of men and women who band together to find options that yield prosperous outcomes.
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: