Former Mafia Boss Who Did a Lot of Business with Wall Street: Buy Physical Gold and Silver, Because Wall Street Steals Your Money (Video)

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Former Mafia Boss Who Did a Lot of Business with Wall Street: Buy Physical Gold and Silver, Because Wall Street Steals Your Money (Washington’s Blog, Aug 21, 2014):

Crime Boss: Wall Street Has No Ethics

The Colombo crime family’s former boss – Michael Franzese – says even he doesn’t trust Wall Street.

Franzese – played by Joseph Bono in the 1990 Martin Scorsese movie “GoodFellas” – spent 10 years in prison after he was convicted on federal racketeering charges.

When he was 35, Franzese ranked No. 8 on Fortune Magazine’s list of the 50 most wealthy and powerful mafia bosses (44 of those on the list are now dead, and three are doing life in prison without parole). He reportedly raked in up to $8 million a week.  Franzese is the only surviving high-ranking member of a major crime family to publicly walk away and refuse protective custody.

Franzese told CNBC:

I did a lot of things at times with people on Wall Street….


A lot of [Wall Street] guys are shady and they did shady things with me and I don’t trust them. And I don’t like other people that I don’t know really well taking care of my money. I think that I can do it better.


No matter what, it’s [i.e. physical gold and silver] always going to have a value.


Unlike stocks, where in our country, you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone.

Other crooks – like Bernie Madoff – have confirmed that the big banks are crooked.

Wall Street learned some of its cons from the Mafia. And some Mafioso conquered Wall Street. But as some of the biggest organized crime kingpins have noted, Wall Street is the big time (mob boss Meyer Lansky – after hearing about Wall Street banking – reportedly said: “I’m in the wrong business”).

Wall Street is committing massive crimes on a systematic basis. And Wall Street banks are the biggest looters around.

Wall Street cons include charging “storage fees” to store gold bullion … without even buying or storing any gold, raiding allocated gold accounts and pledging the same gold to numerous people.

Physical gold is differentfrompaper gold.

Note: We are not investment advisers, and this does not constitute investment advice.

1 thought on “Former Mafia Boss Who Did a Lot of Business with Wall Street: Buy Physical Gold and Silver, Because Wall Street Steals Your Money (Video)

  1. What can I say? This man is more honest about his work and background than the crooks and criminals in office. The US has fallen.
    It started with the breakdown of the family. Used to be people married and set up housekeeping before having children. The father worked, the mother stayed home and was able to be a true mother to her offspring. She prepared their lunches for school, so they didn’t eat processed, fat producing junk, such as are in school lunchrooms today. If one ate hot lunches at school, they were prepared by the school cook, not some corporate factory pushing out plastic enclosed hot dogs for microwave and other horrible eatable junk. Corporations have even taken over the schools.

    The idea women could be “freed” to work and earn money was the biggest sham ever sold to the American people. It started the breakdown of the family. Added workers started the wage stagnation which has gone on since the 1970s……at the same time women started entering the work force in masses.

    Today, over half the children born are of a single parent without a stable family unit. They grow up, join gangs because man is a social being and needs to belong to something…..used to be a family. A child went home after school, did chores, perhaps had a small job, and did homework, ate the dinner prepared by his mother…….bathed and went to bed.

    Girls used to belong to Blue Birds, or Campfire Girls, boys to Cub Scouts and groups like that, monitored and run by stay at home moms. All of that Is gone.

    The breakdown of the family was the beginning of the end. When I was young, police were there to serve us, help if we got lost…….today, I cannot recognize them. They didn’t carry handguns until the early 1990s where I lived……..

    The way people dress today, I would not look like that to clean my house. They seem to work to be as obscene and offensive as possible. I don’t mean trends like Gothic…..some of those are downright beautiful……..but filthy cloths showing the crack of one’s backside is ugly.

    Language has fallen to a level I have never seen. Nobody seems to understand the difference between there and their……they don’t care about good grammar, spelling or diction…..history is not being taught in depth any longer……schools are sliding into reform school status with armed police patrolling the halls with machine guns.

    I thought public schools were low class when I was a girl, and chose to go to private schools. I would be lost in such places today. Back then, smuggling candy into class was a big deal, today, it is guns.

    This is why humans are made to live only three score and ten……the change in the cultures make it very uncomfortable for those who live any longer, there is no place for them. In my case, it is even harder because I was reared by an Edwardian grandmother……..

    Language, humor, politics, police, education, home life….all have gone downhill. The society is as dead as the Pacific Ocean.

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