Buy GOLD and SILVER: Massive Government Debt Piling Up: Part Two:
Dateline: Del Mar, CA: Friday, October 04, 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 began a new 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.
In this session, FNB take a close look at the city of Chicago and its seemingly insurmountable public indebtedness.
The City of Chicago and its PUBLIC DEBT CRISIS:
America’s top major cities–all of them are drowning in municipal/public debt. The numbers are staggering.
Take a Look:
Chicago’s combined Taxpayer Burden: $119,110
New York City’s combined Taxpayer Burden: $85,600
Los Angeles’ combined Taxpayer Burden: $56,390
Philadelphia’s combined Taxpayer Burden: $50,120
San Jose’s combined Taxpayer Burden: $43,120
San Diego’s combined Taxpayer Burden: $35,410
Dallas’ combined Taxpayer Burden: $33,490
Houston’s combined Taxpayer Burden: $22,940
San Antonio’s combined Taxpayer Burden: $16,660
Phoenix’s combined Taxpayer Burden: $13,290
The numbers are staggering. The city with the highest citizen to public money ratio is: Chicago, Illinois.
The reasons for the indebtedness is multi fold. At the center of the matter are politicians and their greed.
The cycle of political intrigue is pretty easy to dissect and even simpler to understand. The politicians strike deals with public sector employee unions. The politicians promise to increase the pay scale and heap benefits on the employee unions and their members.
The exchange rate is based on votes. The politicians promise to vote in largess for the public sector employee unions. In exchange, the members of the unions vote exclusively and in block-lock-step for the promising politicians.
The end result? The people pay exorbitant taxes to live in cities that have ever decreasing levels of public services.
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: