Buy GOLD and SILVER: Massive Government Debt Piling Up: Part Ten:
Dateline: Del Mar, CA: Thursday, October 17, 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 and highlighted twenty-five states running massive deficits.
In this session, FNB takes a focused look at the grand papa bear of all deficit spending states: California.
The GRAND PAPA BEAR of All Deficit Spending States: California:
California is a warning sign.
California is a flashing neon light that strobes the message of caution to any other state, municipality, or heaven forbid national economy of looking into the matter of socialism and its predatory patterns.
California faces a budget crisis that is the direct result of over forty plus years of mismanagement, poor decision making and outright theft by its greedy political leadership.
California is essentially a “People’s Republic.” There are so few Republicans in any advisory, let alone decision making positions of authority that the Democratic Party has a virtual free-for-all.
California is broke. It issues IOU’s and its crass political leadership manufacture tax scheme after tax scheme to extract and squeeze every ounce of revenue from its citizenry.
California faces and stares down the real prospect of a $ 7 to $ 10 billion real dollar shortfall in the coming budget cycle.
Over the next few sessions, FNB is going to highlight and drill down into the causes and the stinky options that this once-time, ‘Golden State’ has to recover from its fiscal woes.
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: