Charles Goyette - The Last Gold Rush...Ever!: 7 Reasons for the Runaway Gold Market and How You Can Profit from It

Advance Praise for
The Last Gold Rush Ever!

Timing is everything in finance, and Charles Goyette and Bill Haynes have nailed it, releasing an authoritative book on gold just as an epic bull market in precious metals gains traction. As the authors correctly predict, The new bull market will take gold to never-before-seen levelsperhaps even to unimaginable new heights where trying to measure the price of gold in dollars becomes quite pointless.

John Rubino, DollarCollapse.com, and co-author of The Money Bubble: What To Do Before It Pops

Bestselling author Charles Goyette hits another homerun with his latest book The Last Gold RushEver! If you want to know whats in store for the US global military empire and gold, do yourself a favor and read this important book!

Michael Shedlock, Global Economic Trend Analysis, TheStreet.com

An excellent book, with all the reasons gold is going much higher. Its timing is excellent. As a bonus, it is well-written. I especially liked all the greatand not generally well-knownhistorical anecdotes.

Doug Casey, Bestselling Author and Chairman, Casey Research

Charles Goyette and Bill Haynes are wise, knowledgeable, and brilliant. If you want to protect your family and yourself in these crazed times, read their book.

Lew Rockwell, Founder and Chairman, The Mises Institute, LewRockwell.com

All fiat currencies eventually die. From the Federal Reserves money manipulation to the spread of socialism, Charles Goyette and Bill Haynes explain why the dollar is no different. With Uncle Sam now running $3 trillion annual deficits and the Feds hoovering up every dodgy asset in existence, there couldnt be a better time to learn how to protect yourself with gold.

Mark Nestmann, The Nestmann Group, Ltd.

A POST HILL PRESS BOOK

ISBN: 978-1-64293-665-0

ISBN (eBook): 978-1-64293-666-7

The Last Gold RushEver!:

7 Reasons for the Runaway Gold Market and How You Can Profit from It

2020 by Charles Goyette and Bill Haynes

All Rights Reserved

The information and advice herein is not intended to replace the services of financial professionals, with knowledge of your personal financial situation. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of any profit or any other commercial damages, including, but not limited to special, incidental, consequential, or other damages. All investments are subject to risk, which should be considered prior to making any financial decisions.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author and publisher.

Post Hill Press

New York Nashville

posthillpress.com

Published in the United States of America

To Ron Paul

One of the greatest champions of liberty of this age
or any other.

CONTENTS

The Malevolent Convergence
And Your Action Plan

FOREWORD
By David A. Stockman

A mericas now crumbling empire of debt, like Rome itself, was not built in a day.

On October 1, 1982, day one of President Ronald Reagans first full budget year, I told the House Budget Committee that if fiscal sanity was to prevail, they were doomed to spend the rest of their careers cutting spending. After years of Lyndon Johnsons Great Society and Nixon-Ford welfare programs that sought to outdo LBJ, it fell to me as the director of the Office of Management and Budget to explain the facts of economic life, evenand perhaps especiallyto old Washington hands.

There is no final vote, I warned. Twenty years of history arent going to be corrected in twenty weeks.

In fact, as I soon discovered, nothing at all was going to be corrected. That years deficit broke for the first time into what in the billion here, billion there era we called triple-digits: more than $100 billion. In fact, it didnt just break into triple-digit territory. It crashed right through, rolled over a few times, and landed in a ditch. That year, the deficit totaled $128 billion.

The next year, it was $208 billion.

At the same time, the gross national debt surged past a trillion dollars. By the time I left Washington for Wall Street a few years later, I hoped only that catastrophe could be avoided.

But fiscal sanity did not prevail; now, in the brave new world of $3 trillion and $4 trillion deficits, America is being turned into a coast-to-coast soup line.

But of course, the debt couldnt have grown to such gargantuan proportions in a sound money environment. Nixons taking the US off the gold standard eleven years earlier was the enabling act for the massive monetary corruption and money-printing spree that would follow at the hands of Keynesian icons at the Federal Reserve: Greenspan, Bernanke, Yellen, and now Powell.

The Last Gold RushEver! aptly identifies these as among the Deep State Money Manipulators. Under their guidance central banking became the tool of a vicious form of crony capitalism and money politics. So that today the economy has become utterly dependent upon the central banks printing press, the bipartisan fiscal regime of perma-deficits, and the military-industrial complex that bolsters what remains of the manufacturing sector.

Now, in their hideous series of bubbles and buststhe dot-com bubble and the housing bubble among them, each one bigger than the lastthe stock market bubble has burst, leaving the stench of catastrophe hanging heavy in the air.

There were plenty of other pins that might have done the job. Another needless Washington war, for example, could have done as much. But it happened that COVID-19 was the pin that popped the Wall Street bubble.

Just as I learned that the book now in your hands was forthcoming, the clamor to participate in the plunder triggered by Wall Streets sell-off and the general lockdown reached a fevered pitch. With years of state cronyism, bankster bailouts, and special pleading assimilated into our national ethos, lines of supplicants began forming around the whited palaces of DC, their eyes beady and greedy, their sweaty palms extended to grab their share. They had all learned never to let a good crisis go to waste.

The beggars in line on Capitol Hill werent the homeless by any means. They were some of the biggest corporations in America, making the failed but ever-ready Keynesian claim that budgetary red ink somehow would be stimulative.

Among those at the head of the handout line were the nations airlines. Notoriously cyclical and vulnerable to dislocations caused by recessions, storms, wars, and terror, they had failed to prepare for well-known risks. Instead, the airline industry spent decades strip-mining their balance sheets to fund share buybacks and goose top executive stock options when they should have been preparing to protect their companies. Since 2012, management of the four largest US airlinesDelta, United, American, and Southwestspent $43.7 billion on share buybacks to enrich themselves and their shareholders. Then, when their flights hit an air pocket, they turned to the taxpayers to provide them $50 billion in bailouts that the they couldnt bother to provide for themselves.

Who hasnt learned from such examples? So this time, even tennis shoe sellers, beer brewers, and candymakers pressed their claims on the public purse. If you looked closely you probably would have seen the butchers, the bakers, and the candlestick makers too.