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: