As you will soon learn, the similarities are striking.
During the California Gold Rush, people came from all over the world seeking the chance to strike it rich by mining gold in northern California.
At first, the gold was plentiful. In the very early days of the gold rush, you could even pick up small nuggets off the ground with ease.
But with people flooding in from all over the world, as you can imagine, the “easy gold” disappeared real fast.
The “forty-niners,” as they were called (in reference to gold miners in California in 1849), began panning for gold in creeks. This too yielded a good amount of gold for a while, so word continued to spread about this great opportunity, bringing even more prospectors into Northern California from many parts of the world.
Soon, most of the gold was scavenged from these inland water sources, so the forty-niners began digging for gold. This approach was much more difficult, more time-consuming, more expensive, and much more dangerous.
While some did in fact make a good deal of money, the vast majority of the 300,000 prospectors during the California Gold Rush never got rich. Their golden dreams were never realized. Many of them died as a result of the lawlessness in the area. Many of those who survived returned home broke.
Aside from the handful of prospectors who struck it rich with their gold finds, the guys who made the most money did not get it by discovering gold.
Instead, they made their money by exploiting the hype surrounding the California Gold Rush. This seems to be a recurring theme whenever the masses are involved in some kind of "spectacular opportunity."
As is almost always the case whenever huge amounts of money exchange hands over short periods of time, the big winners of the California Gold Rush were those who exploited the effects of gold fever on the hundreds of thousands of people hoping to fulfill the dream of a new start on life.
The big money didn’t reach the hands of most who prospected for gold. It was made by those who opened general stores and raised prices to exploit the greed and desperation of the miners; and the guys who opened bars and other businesses that were needed to supply recreational and other services for this huge wave of newcomers.
The profiteers of the California Gold Rush made a killing selling hopeful prospectors overpriced supplies, services, and whatever else they needed. And they were willing to pay what they had to for a chance to strike it rich.
Even many of the prostitutes who flocked to the area to "service" the needs of lonely men ended up with more money than most prospectors.
But this "fever" is by no means restricted to gold. It is the fever one gets whenever they sense they can cheat the system. The fever that afflicts many people is really greed.
The same thing happens to people who are gambling at a casino. We see the same behavior in the stock market and everything else that fosters a greedy mentality.
The crime bosses that run financial networks like CNBC, FOX Business, Bloomberg, Reuters and others know this. And it's precisely why they have girls with their boobs popping out telling you about stocks.
Illicit narcotics like cocaine have a similar effect because each of these things targets the same area of the brain. This region is known as the “pleasure center.”
Unfortunately, some individuals seek to exploit these faults of human behavior. The media uses similar tactics to simulate the same types of impulsive behaviors.
When one draws comparisons between the California Gold Rush of the mid-1800s to the current gold craze, the similarities are noteworthy. For instance, the Internet – whose backbone is located in northern California – serves as the foundation for gold-related propaganda.
Just like the early days of the California Gold Rush, during the modern-day gold rush the early participants made most of the money. They bought gold at $250 per ounce in 2001 or 2002, but they did not really make any money until they sold it in 2010 or 2011.
And I can assure you, the smart money did in fact sell all of their gold and silver between 2010 and 2012.
Once the “easy gold” was gone, the real winners of the California Gold Rush were the guys who took advantage of those who were infected with "gold fever."
This is exactly how the current precious metals scam is playing out as well.
And I refer to it as a scam because that is precisely what it is.
I have written extensively about this topic, and I have made numerous videos explaining how it all works.
Today, some of the biggest con men have created the fairy tale of the "greatest wealth transfer" that's just over the horizon.
The only problem is that they aren't telling you that this transfer of wealth really amounts to YOU transferring YOUR wealth to THEM.
That's right, folks. The greatest fraud in history isn't what Wall Street or the Federal Reserve pulled. The greatest fraud in history is happening right now and the perpetrators are the doomsday gold-pumping filth.
We are now heading into the latter stages of the "gold rush."
The smart money is long gone and the vultures are out for prey.
The vultures are the gold dealers, paid pumpers and everyone else who is making money promoting the countless delusions and lies about precious metals, the dollar, the economy and stock market.
The vultures also include everyone who is selling precious metals and doomsday advertisements on blogs, websites and YouTube channels.
They are all filthy parasites.
And they are the only ones making money from the gold rush.
Unfortunately, those who think they will become rich through owning gold and silver are likely to share a fate similar to those who thought they would get rich during the California Gold Rush.
Gold fever is in the air, so those who have been afflicted are unable to think clearly. They are ripe for con men to exploit.
This explains why gold dealers are spending so much money on gold ads.
This explains why gold dealers are willing to sell you their gold, even though they insist the sky is the limit.
And this explains why they are willing to take your “worthless” fiat currency in exchange for their gold.
Throughout this gold craze, the sheep who have been infected by these gold charlatans have never bothered to ask why gold dealers are spending so much money advertising, and why they are desperate to sell their gold and silver to the public if it is set to soar, and why they are willing to sell their gold and silver to you in exchange for your "worthless" fiat currency.
These oversights reveal more about those who are buying the gold than those who are desperate to sell it to them.
There are no laws regulating the precious metals industry, just as there were no laws governing the influx of miners and profiteers during the California Gold Rush. This is why there is so much fraud occurring during the current gold craze.
Serving as an excellent example of the lack of policing in this grand theft, Glenn Beck pumped Goldline over and over (and continues to pump them today) as his "trusted source" of gold and silver.
Yet, even after Goldline settled with the California State Attorney General on 19 counts of fraud, Beck was not forced to relinquish a single penny of the millions of dollars he was paid to pump this scam company.
There are many other scams that have been uncovered, but thousands of others that have not.
I could even make a very strong case that virtually every single precious metals dealer who has post content online and/or has disseminated precious metals and economic propaganda has committed fraud and could be sued.
Without penalty for a role in criminal activity, even if it is unknowing, there is no consequence for whoring yourself out to any criminal.
Perhaps the most pathetic outcome of the Glenn Beck Goldline scam is that Beck's sheep listeners continue to line up for his bullshit, con jobs, and lies. The market for con men continues to rapidly expand to meet the needs of a very large population of desperate and naive sheep.
Now that you see what is going on, I want to remind you that all gold pumpers, doomsday douchebags and other conspiracy lunatics are either con men or mental midgets.
The only other possibly is that these individuals are mentally ill.
Make no mistake: Whether you are talking about so-called "mainstream media" or the virtually identical "alternative media," ALL ad-based content is designed to lure its audience into the hands of those who buy the ads.
This is precisely why you will NEVER get accurate, timely and valuable insight from the media, mainstream or alternative.
And this is why I have been banned by all media.
If people were exposed to the full truth, if they were provided with timely, valuable and accurate information, advertisements would lose their effectiveness because the entire ad and PR industry is based on lies, deception and fraud.
The media's main objective is to turn its audience into sheep by delivering trash content that has been “window dressed” to appear as valuable insight. When executed effectively, this scam attracts a large audience of sheep, which advertisers exploit.
This unethical and fraudulent arrangement between the media and its advertisers is critical to ensure advertisers pony up big bucks for ads. This relationship represents the business model of the criminal media industry, both mainstream and alternative.
It’s way past time to wake up and smell the shit emanating from the mouths of ALL gold dealers and gold promoters.
If you have been fooled by one or more of the countless con men out there, whether it has been the liars, crooks and idiots on TV or the delusional con men from the alternative media, don’t feel bad.
Everyone makes mistakes. There is no shame in making mistakes.
But fools keep making the same mistakes over and over, and never wake up to reality or learn their lesson.
"It's easier to fool people than to convince them that they have been fooled." —Mark Twain
[remember, Mike was recommending gold as early as 2001 and he even recommended it in his 2006 book. Where Mike differentiated himself from the gold-pumping con men is that he advised investors to buy the gold and silver ETFs because fees were low, and this made it possible to trade the price volatility which was something Mike stressed was necessary in order to reduce risk. He also pointed to a top in gold and silver at around $2000 and $50, after which he suggested pricing would collapse and remain low for many years]
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