"It's not a question of if the banks are going to go under, but a question of when," says Bob Moriarty, marine, naval aviator, and financial author, "It's going to blow the system sky high so rapidly most people are going to be totally shocked." The banking system is incredibly vulnerable to shocks to the system, he says. He discusses ways to prepare and fortify oneself financial against a crash of the system.

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INTERVIEW TIMELINE:

1:56 West vs East

5:46 Precious metals

6:41 Everything bubble

8:47 Derivative bubble

13:48 Containing the system

20:17 Hedging

23:30 Education

24:57 Moriarty's books

26:00 Miles Franklin

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