Tuesday, Oct 14, 2008
Like him or loathe him, last night CNN’s Glenn Beck became the only mainstream media source thus far to address on national TV the reality of the situation Americans are facing with the manufactured financial implosion – the direct threat of domestic martial law and a global financial dictatorship.
Beck’s guest, Peter Schiff, respected author of "Crash Proof" and president of the brokerage firm Euro Pacific Capital, joined him in outlining that martial law, the use of armed troops on the streets to quell dissent, is a real possibility should the economic crisis not improve or worsen to the point where civil unrest is fomented.
The following exchange between Beck and Schiff, who was also economic adviser to Ron Paul during his presidential campaign, is from the CNN transcript of last night’s show:
SCHIFF: You know, what`s going to happen, of course, is as inflation starts running out of control and prices start going through the roof, the government again is going to focus on the symptoms and not the disease.
And they`re going to impose price controls on energy, on food, on a lot of other things that are vital, which means shortages, which means long lines, black markets, civil unrest. All this stuff is coming if we don`t stop. [...]
BECK: Peter, let`s talk a little bit about martial law. Why would that even be a consideration?
SCHIFF: Well, I don`t think it was a threat if they had rejected the bailout Bill, but I think it is a possibility a few years down the line. We just spoke a little bit about price controls and the effect that they`re going to have.
- A d v e r t i s e m e n t
If we have shortages of food, if we have rolling blackouts. And people are upset, and they`re hungry, and they`re cold, there could be civil unrest. There could be looting, rioting, and that might be the impetus for the government to declare martial law.
BECK: You know, I don`t think you`re a couple of years away from something like that. I mean, honestly, Peter, I mean, look at what`s happening. In a half hour, I`ve got a congressman on about — about the racism cries. I mean, there are people that are right now so disenfranchised, and I think being encouraged to be disenfranchised on both sides, that at any time this damn thing could break apart.
SCHIFF: Yes. And we`re giving the government so much power. And you know, you give up a lot more civil liberties. When you have martial law and you`ve got the military policing our streets, when you`ve got suspension of habeas corpus, you`ve got curfews, you can`t be out of your house after dark, and they can just pick you up and put you in prison and keep you there indefinitely without charges, and there`s nothing you can do about it?
I mean, we`re giving up one liberty after another, all to protect ourselves from this economic crisis, which needs to happen anyway, but it doesn`t need to be nearly this bad.
BECK: Peter, this is — I mean, we`re in Crazytown, USA. But my gut tells me that, two years down the road — let`s just use that number — this country is not going to look anything like it does today. Our world has changed; it just hasn`t caught up.
During the ten minute segment, Beck and Schiff also pointed out that America is headed for Weimar Republic style hyperinflation at the hands of global bankers, stated that the financial implosion has been manufactured by design, warned that the Treasury has been given dictatorial powers and raised the question of whether the end game is a one world currency and one world financial governance.
Beck also played the now infamous clip of Democratic Congressman Brad Sherman from October 2nd stating that several members of Congress were threatened before the bailout vote that martial law would be instigated in America if the legislation was not passed.
Watch the entire segment below:
Though Beck was unable to bring Rep. Sherman on to his show, the Congressman did appear exclusively on the Alex Jones show on October 3rd to discuss the threat of martial law. Peter Schiff also appeared on the Alex Jones show recently to discuss this important issue.