Aug. 26 (Bloomberg) –- Roland Murphy is the only mechanical watchmaker who crafts his timepieces almost entirely in the U.S. He shows Bloomberg how he uses a blend of modern technology and old world engraving techniques to make watches that cost upwards of $95,000
World War II ended nearly 70 years ago. Yet the ramifications of this event… and the consequences of a single person’s decisions from decades past… still affect people’s lives to this day. Even where you’d least expect it… something as simple and innocuous as a routine passenger flight decades later… gets disrupted because of idiotic decisions made today.
Former mob boss Michael Franzese thinks investors should avoid the U.S. stock market, but should you take his investment advice?
"There's a bubble there that's going to burst at some point and when it does it's not going to be good," Franzese, a former mob boss for the Colombo crime family in New York who has become an author and motivational speaker, told CNBC.
It's not just the valuations. He's got another reason for advising investors to keep their money off Wall Street.
"I did a lot of things at times with people on Wall Street," said Franzese, who believes there is still a contract out on his life. "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. I think that I can do it better."
He advises investing in gold and silver, physical bars.
Published on Aug 21, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert imagine a 3-D printed lawyer glut and bankers having their way with subprime mortgage bonds and then dumping them on unsuspecting pension funds.
In the second half, Max interviews Jim Rickards, author of Currency Wars and the Death of Money, about the financial environment looking a whole lot like 1987 when markets tumbled by 22% in a day. They also discuss whether San Diego leveraging up on risk or Japan running out of steam could be the trigger for the big sell-off.
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