Gold $1,458.70   $-9.90  Silver $16.84   $-0.16  Platinum $884.30   $-10.70  Palladium $1,725.40   $2.90

Buy GOLD and SILVER: Massive Government Debt Piling Up: Part Twelve:

Gold: $ 1485.70 Silver: $ 17.64 Platinum: $ 891.00 Palladium: $ 1760.00

Dateline: Del Mar, CA: Monday, October 21, 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 more strong suggestions on what types of immediate reforms that the once “Golden State” must immediately implement in order to fend off a financial disaster.

STATE of CALIFORNIA Should Implement Now:

The nut-jobs that run and operate the State of California are men and women that are detached from reality it would seem.

Every single day they dream up and imagine new and aggressive taxation schemes that will enlarge and keep their coffers full.

While at the same time enacting policies that seem to ensure that their citizens–the men and women that pay their salaries and make their lives go!–will be pushed deeper and deeper into the land of impoverishment.

Take a look at just a few of the product and/or service specific planned tax schemes that the geniuses in Sacramento are thinking of enacting in 2020. Keep in mind as you review this very short list, that these taxes are in addition to all of the already existing and onerous taxes that the state’s citizens find burdensome.

New Tax Schemes Proposed for 2020 by the California Legislature:

Take a breath before you read and peruse these new tax schemes. If you live in the state of California, remind yourself that these, once enacted will be ADDED to the entirety of the tax burden that you pay every single day.

New Proposed Tax Schemes:

Soda tax AB 138
Tire exchange fee AB 755
Drinking Water fee AB 200
Firearms Fee AB 18
Oil & Gas Fee AB 246
Dialysis Fee AB 1448
Lead Battery Fee AB 142
Upgrade Tax Fee AB 522

Source:

Mind you fair readers, FNB is not cherry-picking here. These are but a scant and tiny few of the multiple layers and levels of new tax schemes that the politicos in Sacramento are throwing up for discussion.

Eventually these bills will progress through committees and head to the floor of the state house and state senate for discussion, refinement, amendment and approval.

FNB asks: “what politician represents the people of the state in these onerous fiscal deliberations?”

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