Former Mafia Boss Tells CNBC: "Stocks Are In A Bubble, Buy Physical Gold"

Tyler Durden's picture

Michael Franzese, a former mob boss for the Colombo crime family in New York (and GoodFellas character), told CNBC, "there's a bubble there that's going to burst at some point and when it does it's not going to be good," but there is another reason he says investors should avoid the U.S. stock market - "I did a lot of things at times with people on Wall Street.. a lot of 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." As we noted earlier, his advice is to hold gold (in Physical bullion bars not ETFs), because "there will always be something there," unlike stocks "where in our country, you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone."


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q99x2's picture

BTFD gone bitchez

TeamDepends's picture

Tyler, WTF is going on here?!?! What happened to this thread? It started off with cheif cock then had a nice back and forth with us and Pladizow... Hello?

TeamDepends's picture

Wow, down the memory hole! And not soon after we said the word "joo" on another thread. Hey francis, meet us at Las Fuentes tomorrow, looks like we're done here.

James_Cole's picture

Wow, down the memory hole! 

Tyler seems to be torching any threads where those pesky spam bots ("I make 15k / mo from home... yada yada") have been mucking about, doubt it's related to general content. 

GetZeeGold's picture



I want to make it perfectly clear.....I don't work for the mafia.


What's that?


Forget I said that.....I guess I do. I owe how much to Paulie? When the hell did that happen?

BaBaBouy's picture

It's Pretty Fecking SAD When We Have To Rely On The MAFIA BOSS Over The Banksters For Good Ole Honest Advice ..... MAKE SURE YOU HAVE Phys GOLD Bitchies...

GetZeeGold's picture



Well at least CNBC seems to be coming around. They put the guy on....just sayin.

Parabox's picture

But look at who they allow to be the messanger.  A (former?) criminal.  So it is to say that only criminals would think this way.

Davalicious's picture

Don't think you can play the jews at their own game. George Washington posted a graph of gold dominance for nations since medieval times. It coincided with countries controlled by jews and moved on when the population threw them out. Jews control shineys. What if they drop PMs,  or just Gold? 

Jews control virtually every country.  Those hold outs are subject to subjugation by jews poodles; US, UK, etc.

espirit's picture

<first time censored on ZH>

Hmmm... I know where the soft spots are.

Post ending with .Gov wants it all.

oudinot's picture

I've dealt with bankers/financiers and mobsters.

I would trust a mobster way before I would trust a banker.

Rootin&#039; for Putin's picture

SSSSSHHHHHH, dont tell everyone, let the suckers buy stocks.

disabledvet's picture

Shhhhh. Don't tell anyone but now is the time to snort...errr, I mean SHORT EVERYTHING!

indaknow's picture

Thats the problem or maybe the anwer. the suckers all left the last time they got sucked in. And the ones who didnt arn't suckers, there fools and we all know a fool will soon part with their money

Cognitive Dissonance's picture

I do not dispute this person's message. But would someone please explain to me how an ex-mafia boss is any more or less credible than any other person carrying the same message?

We truly are a very sick society.

Vampyroteuthis infernalis's picture

CD, this dude has ties to the highest people in power through the mob. Should we trust him? Probably not. He walked away from the mob when most are carried away in a casket. He even testified against the mob which is another quick way to sleep with the fishes. He might be telling the truth.

Cognitive Dissonance's picture

If he walked away from the mob, then testified against the mob and he isn't sleeping with the fishes he is being protected, or at least was protected, by people even more powerful that the mob. Who owns, or owned, him?

Like I said I don't dispute his message. I just wish to know why he is any more believable simply because he is an ex-mafia boss turned motivational speaker.

fonzannoon's picture

"It's a good insurance policy, the government can screw up the currency"

GetZeeGold's picture



Should we trust him?


Well, we trusted Obama....and that's been going pretty damn good.


So what the hell......he's in.

swmnguy's picture

I've worked with that guy, in his capacity as a motivational speaker.  What a skeevy little bastard. Hair plugs, fake tan; just being around him for 5 minutes I started to taste that peculiar bitter post-nasal drip, without having done coke since the Reagan's second term.  He's very amused by his past antics.

blindman's picture

i don't think he ever actually testified against any
mob members. he did 10 years in some prison and then
went on the lamb with no apparent protection from
the government. i don't find him anymore credible
than anyone else, perhaps more dramatic and interesting,
but not more credible. i suppose it is perversely
and ironically refreshing to be hearing financial advice
from a confessed murderous con artist and criminal who
leads with those credentials? the not haha funny just
doesn't stop.
who wants to hear the words, stories and experience of
someone who worked all their life within the boundaries
of what they considered ethical behavior and law and
lost it all to a chronic illness of a family member,
or some similar story?
ps. generally, his scam to fame and riches was a
criminal exploitation of the tax collecting system
of his day as it applied to retail gasoline sales
taxes. the time frame of enforcement created a
window of opportunity for extortion of those monies.
when the tax man came around the operation was busted
out, flipped, and the process started over again.
pretty simple, criminal and very profitable. that
was the basic business plan being copied by the international
global financial community today. see tisa trade agreement.

Freddie's picture

I doubt anyone posting here watched the video.  He said #1 that he did business with Wall Street guys when he was in the mob and he does not trust Wall Streeters. 

As far as his early life, he was born into it. Bill Bonnano Jr was another one.  Sometimes you doi what your parents want you to do.

blindman's picture

there was documentary done on this
guy, he lays it all out almost.

Money Squid's picture

I was watching a documentary titled cocaine cowboys and one of the major players talked about how much money he was pulling in. He then explained he made a major donation to the republicans and received a nice thank you letter from one of the highest ranking republicans at the time. I forgot his name but you will immediately recognize it. They are all the same.

Bendromeda Strain's picture

Obama intentionally turned off the default credit card verification for his donations, which resulted in a hilarious pile of thank you letters to Mr. Adolph Hitler and Mr. John Galt, etc. I guess they forgot to make that documentary, cuz you never saw it on the snews.

Money Squid's picture

The guys name was Howard Baker, White House Chief of Staff

You can see the clip on youtooob titled "cocaine cowboys: befriending the republican party"

sessinpo's picture

CD  If he walked away from the mob, then testified against the mob and he isn't sleeping with the fishes he is being protected, or at least was protected, by people even more powerful that the mob. Who owns, or owned, him?

Like I said I don't dispute his message. I just wish to know why he is any more believable simply because he is an ex-mafia boss turned motivational speaker.


You are way over thinking it.

blindman's picture

Unprecedented Wealth, Debt Slavery and Conditioned Consciousness
By David DeGraw
Global Research, June 06, 2013
Inside the Global Banking Intelligence Complex, BCCI Operations
Part II
By David DeGraw
Global Research, October 12, 2010
"Amped Status Editor’s Note: The following is Part II of David DeGraw’s new book, “The Road Through 2012: Revolution or World War III.”
To get a more complete understanding of our current crisis, we need to look at the history of events that led up to it. We need to peer deeply into the inner workings of the Global Banking Intelligence Complex. Without acknowledging and exposing the covert forces that are aligned against us, we will not be able to effectively overcome them."
I: All Roads Go Through BCCI
..."Many of the failed S&L thrifts served as secret intelligence shell companies and were traced back to BCCI and the CIA. In a study entitled, “Organized Crime, The CIA and the Savings and Loan Scandal,” Criminal Justice Professor Gary W. Potter explains:

“It is not our intent to discuss the unethical and even illegal business practices of the failed savings and loans and their governmental collaborators. The outlandish salaries paid by S & L executives to themselves, the subsidies to the thrifts from Congress which rewarded incompetence and fraud, the land ‘flips’ which resulted in real estate being sold back and forth in an endless ‘kiting’ scheme, and the political manipulation designed to delay the scandal until after the 1988 presidential elections are all immensely interesting and important. But they are subjects for others’ inquiries. Our interest is in the savings and loans as living, breathing organisms that fused criminal corporations, organized crime, and the CIA into a single entity that served the interests of the political and economic elite in America. Let us begin by quickly summarizing the most blatant examples of collaboration between financial institutions, the mob, and the intelligence community….

First National Bank of Maryland…
Palmer National Bank…
Indian Springs Bank…
Vision Banc Savings…
Hill Financial Savings…
Sunshine State Bank…

All told at least twenty-two of the failed S & L’s can be tied to joint money laundering ventures by the CIA and organized crime figures. If the savings and loan scandals of the 1980s reveal anything, they demonstrate what has often been stated as a maxim in organized crime research: that corruption linking government, business, and syndicates is the reality of the day-to-day organization of crime. Investigations of organized crime in the United States, Europe, and Asia have all uncovered organized crime networks operating with virtual immunity from law enforcement and prosecution.”" d.d.
Organized Crime, The CIA and the Savings and Loan Scandal

Internet article

The savings and loan scandal of the 1980s has been depicted in a myriad of ways. To some, it is "the greatest ... scandal in American history" (Thomas, 1991: 30). To others it is the single greatest case of fraud in the history of crime (Seattle Times, June 11, 1991). Some analysts see it as the natural result of the ethos of greed promulgated by the Reagan administration (Simon and Eitzen, 1993: 50). And to some it was a premeditated conspiracy to move covert funds out of the country for use by the U.S. Intelligence Agency (Bainerman, 1992: 275). All of these depictions of the S & L scandal contain elements of truth. But to a large degree, the savings and loan scandal was simply business as usual. What was unusual about it was not that it happened, or who was involved, but that it was so blatant and coarse a criminal act that exposure became inevitable. But with its exposure, three basic but usually ignored "truths" about organized crime were once again demonstrated with startlingly clarity:

There is precious little difference between those people who society designates as respectable and law abiding and those people society castigates as hoodlums and thugs.

The world of corporate finance and corporate capital is as criminogenic and probably more criminogenic than any poverty-wracked slum neighborhood.

The distinctions drawn between business, politics, and organized crime are at best artificial and in reality irrelevant. Rather than being dysfunctions, corporate crime, white-collar crime, organized crime, and political corruption are mainstays of American political-economic life." ....etc.

Yen Cross's picture

  Cog, respectfully<> Take a step back, and think about how unique inventions and ideas end up in the hands of "BAD GUYS".

  Certain ideas, that worked in a certain time period in History, are RE-Exploited?

   You're a "Man of Honor" Cog... I'll fight by your side.

seek's picture

I think the most credible part of his message is "don't trust wall street."

Seriously, here you have someone that was a major player in organized criminal enterprises -- hardly a trustworthy endeavor -- saying you can't trust wall street. So it carries credibility in a pot-calling-kettle-black, takes-one-to-known-one kind of way.

Of course, none of this is really new or shocking.

I look forward to the day when a new organized group arises that is differentiated by truth-telling, reliability and transparency. God knows we need it right now.

El Hosel's picture

He is not selling anything... That's how, or does he have a book out?

Jstanley011's picture

Movie, an October release titled God the Father.


Yen Cross's picture

  This guy is correct! Extortion, Racketeering, Embezzlement, ARE ancient forms of control.

  Fractional Reserve Lending> at its best...  Break A Leg.

indaknow's picture

Talk about the pot calling the kettle black. no wonder theres only 9 comments, lol. (wow 2 posts in 2 yrs. must be the "Jack"

Yen Cross's picture

   It's GMT-5.  In "Sin Ville"... The drunk 'RATS' should start stirring in about 2-3 hours.

craus's picture

Last week saw Feds destroy GOLD and burn treasuries. I guess they figure all that printing

got the dollar worth shit paper. No way Fed can ever pull out or else this house of cards will fall.

bentaxle's picture

Nah. he looks like someone I know works for Goldman Sachs. in fact they all look like him even the ones with tits. Does he work for GS? (If he does, always do the opposite of what GS says......)

RichardParker's picture

I figured he would have gone to work on Wall Street after he made "good time", maybe be an analyst for the airline industry?  I dunno?

alexcojones's picture

"A Mafia Crime boss and Chief Cock walk into a bar-"


bitterwolf's picture

The crook turning in the crooked cop.Who cares.

ThroxxOfVron's picture

Michael Franzese is bullshitting.

No one quits working for the Mafia; they just get laid off for a while or go undercover.

IF he was a boss he's still in the system in one way or another.

IF he was a made man and he is still alive he's still in.  


Don't even try to watch his eyes or his hands; -watch your wallet, watch your business, watch your gold, watch your car and your house, watch your women and your kids, watch your friends and neighbors, and for god's sake watch your fucking watch 'cause IF this is the kind of POS that is being touted as giving good advice it's probably just about time for the shit to hit the fan...

fonzannoon's picture

except he is saying that the shit is about to hit the fan, so how do you reconcile that?

ParkAveFlasher's picture

BTFD, or the bunny rabbit gets it!

GooseShtepping Moron's picture

The Sicilian mob isn't what it used to be. The criminal underworld always exists, but individual crime families experience an "attrition" of sorts, as their members either turn legit or fade away. I have no trouble believing that Franzese went legit. He didn't originally pursue a mafia life. He was actually studying to be a doctor before the family convinced him that he needed to get out on the streets and make some money to help his ill father.

AustrianJim's picture

Yeah, it's not quite like the old days when you really could not ever leave.

Dewey Cheatum Howe's picture

He is also a born again Christian.

He makes his living doing speaking engagements talking about his past warning people about the dangers of it.