dr martenson warns us that the 'great taking' is near;

Now, Dr. Martenson is out warning about a new kind of fraud that could leave you broke in the next financial disaster.  Dr. Martenson thinks financial trouble of Biblical proportions could be coming sooner than most people think.  Dr. Martenson is not worried about a brokerage going under, such as Lehman Brothers in the 2008.

Martenson is worried about the entire system melting down and says, “When the system freezes up, they get really scared.  If you are not a complete moron, you would make that system smaller because it scared you that much, but instead, they made it even bigger…”

“We not only have to worry about a brokerage going down, but we now have to worry about these clearing parties…

These are the houses that are supposed to be clearing all the trades with the derivatives and the loans… The law says the brokerages have to hold your shares and bonds you have in a proportional amount.  They don’t hold them.  A higher company does that . . . . and you can’t peer into them.

  It you want to see what Fidelity or Schwab has . . . . I found out you cannot see an audit trail.”

In a new market meltdown, Dr. Martenson sees chaos and gives a hypothetical example:

“China attacks Taiwan, and there is a 10 sigma move in the bond market.  Oh no, all these derivatives have blown up.  These people are supposed to be winners, and these people are supposed to be all losers.  No, no, they don’t have any money for that stuff. ............more........