Buy GOLD and SILVER: Massive Government Debt Piling Up: Part Nine:
Gold: $ 1480.80 Silver: $ 17.45 Platinum: $ 887.00 Palladium: $ 1733.00
Dateline: Del Mar, CA: Tuesday, October 15, 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 offered 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.
In this session, FNB takes a look at states running massive deficits.
States Running MASSIVE PUBLIC DEFICITS:
At least twenty-five of the fifty US States are expecting massive, annual, budget freefalls coming into the second decade of the twenty-first century. Here are some gruesome fiscal forecasts:
Twenty-Five States Facing Massive Budget Shortfalls:
Alabama: projecta a $ 128 Million dollar budget deficit
Alaska: projects a $ 2.7 billion dollar deficit
Arizona: projects a $ 104 million dollar budget deficit
Connecticut: projects a $ 900 million dollar budget deficit
Florida: projects a $ 1.6 billion dollar budget deficit
Illinois: projects a $ 6 billion dollar budget deficit
Indiana: projects a $ 140 million dollar budget deficit
Iowa: projects a $ 144 million dollar budget deficit
Kansas: projects ‘hundreds of millions of dollars in budget deficits
Kentucky: projects a $ 156 million dollar budget deficit that could balloon to as much as $ 6 billion when and as pension requirements begin to be calculated
Louisiana: projects a $ 1 billion dollar budget deficit
Minnesota: projects a $ 188 million dollar budget deficit
Nebraska: projects a $ 179 million dollar budget deficit
New Jersey: projects a $ 1.8 billion dollar budget deficit
New York: projects a $ 4 billion dollar budget deficit
North Dakota: projects a $ 400 to $ 700 million dollar budget deficit
Oklahoma: projects between a $ 400 million to $ 600 million dollar budget deficit
Oregon: projects a biennial budget deficit of $ 1.7 billion dollars
Pennsylvania: projects a $ 1 billion dollar budget deficit
Rhode Island: projects a $ 60.2 million dollar budget deficit
South Dakota: projects a $ 33.7 million dollar budget deficit
Texas: projects a $ 1 billion dollar budget deficit
Vermont: projects a $ 45 million dollar budget deficit
West Virginia: projects an $ 11 million dollar budget deficit
Wyoming: projects a $ 770 million dollar budget deficit
Source:
https://www.multistate.us/insider/2018/1/9/twenty-five-states-face-revenue-shortfalls-in-2018
In our next session, FNB will take a close look at the big papa of all deficit state spenders: California.
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:
www.firstnationalbullion.com
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.
Jon Cavuoto,
Founder and Owner,
First National Bullion
For direct consultation with a gold and silver expert contact FNB:
inquiry@fnbcoin.com