The Ongoing Banking Crisis and QE:
Gold: $ 1347.60 Silver: $ 14.97 Platinum: $ 811.00 Palladium: $ 1469.00
Dateline: Friday, June 14, 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 examined the case for financial woes and banking wobbles.
FNB now looks into the ongoing banking crisis and QE.
The Ongoing Banking Crisis and the Dire Consequences of a US NATIONAL ECONOMY IN DELCINE:
FNB now examines and dives into the matter of ‘ongoing and mismanaged banking practices’.
The United States of America is facing an existential question: “Should the nation remain fixed and dependent upon the Fiat Currency and debt-based money system?”
Or, should the nation reject the Federal Reserve and its ‘reserve note’ system of debt and debt-backed, printed currency and return to the safe haven of a gold-backed and gold-based economic standard?
It seems indisputable that the current debt-based system is causing constant and ongoing financial woes and even seeing the reappearance of wobbling banks.
Consider Some Important and Compelling Recent Economic Data Points:
Thousands of US based companies now do not take in sufficient revenue to manage their underlying and unsupportable levels of indebtedness
The average new car loan is now over $ 33,000 + USD
The average new car loan payment is over $ 550 p/month
The average used car loan is now over $ 20,000 USD
The average used car loan payment is approaching $ 400 p/month
Massive numbers of student loan payments are now in arrears and many of these have already plunged into default status
Derivatives and other debt-based securities have grown in size and volatility since the last banking crisis of 2008-2009
The United States of America is facing some very difficult decisions. Among them is the probing question: “Should the United States of America abandon and jettison the debt-based currency model and return to the gold standard?”
In our next session, FNB will address QE to Infinity and the seeming last-ditch tactic of ‘negative interest rates’.
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 Nation Bullion
For direct consultation with a gold and silver expert contact FNB:
inquiry@fnbcoin.com
1-800-745-7979