Minimize your exposure to cds, stocks and bonds that tie up your liquidity.
Invest in tangible goods that will hold their value and appreciate when the dollar falls such as cases of good whiskey. No matter how bad it gets, alcohol will always be a valuable commodity as means of escape and medicine. Don't buy overpriced and hyped brands, just good solid brands like Johnny Walker, Jim Beam, Southern Comfort. Be sure to store the crates properly.
Be aware of the inflated gold/silver bubble as the price of precious metals could collapse as well during a worldwide financial meltdown. Speculation has lead to the price increases, not that there is reduction in supply or mining has slowed.
Work to become debt free. First, eliminate any variable interest loans that you might have. Next, pay off any mortgages asap. Go to operating on a cash basis as much as possible. If you use credit cards, don't carry a balance.
Also, start securing your homestead with unbreakable storm doors, alarms, hidden safes, choices of weapons and ammo, emergency supplies and take some weapons handling and first aid courses. If possible, insure your access to fresh water by drilling a water well on your property or buying a still.
And these suggestions are just a beginning if you believe the economy is going to meltdown.
No Fear, Just Knowledge!
