Buy GOLD and SILVER: Massive Government Debt Piling Up: Part Seven:
Dateline: Del Mar, CA: Friday, October 11, 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 examines what the ‘End-Game’ for debt-burdened states might look like.
What Does the ‘End Game’ for DEBT RIDDEN STATESLook Like:
The ‘End Game’ for debt ridden and debt burdened states does not look pretty. There are no rose-colored glasses that anyone with half a brain can don that makes the outcome for these financially wobbly states look pretty and safe.
FNB has asked some of these questions RE: Federal Debt Levels in past articles. But now, FNB has to turn the spotlight of shame and disappointment on states and their ever-expanding budgets. Budget that are out of control and seem to have to way to reign them in.
FNB asks and would like responsible parties in states that are drowning in debt to answer:
How much debt is too much debt?
How and when does this circus of feckless and reckless spending end?
Who is responsible for these train wrecks?
What kinds of relevant reforms are being enacted NOW?
Have debt laden-ed states begun making necessary cut backs and pare-downs to begin to ease some of the financial heat?
One thing seems very clear, when revenue bases are sturdy and taxation schemes are profitable, states plunge deeper into the debt pool. What happens when the financial tides turn?
In our next session, FNB is going to offer some immediate reform ideas that states suffocating with debt simply MUST enact.
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: