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You can take action now to survive, which may be a perfect storm of financial destruction … Depression in the making. Not so far been collected, that America can experience the most economic slowdown since 1930.

What is particularly worrying is that the U.S. government debt is already more than U.S. $ 2 trillion for the first time in history. This will no doubt rise to the law under consideration by Congress to address the crisis. At some point citizens canlose confidence in government, if the debt gets too high or spent unwisely. Then, companies and individuals to seriously reduce spending on consumption-based society without sense. America can be trapped in a self-reinforcing downward spiral in economic crisis.

With the advent of the financial meltdown, the name of the game is survival. Cash and credit of the king. You'll have to cut spending in the set. Expect the situation four or five years ago,a plan for the worst. What can I do to prepare to act quickly, before the bond:

Reduce the size of their lives: the average size house in the U.S. was a super big. Even in 1970, the district of new homes were less than 1,200 square meters, today only 4 percent. Do you use all at home? Consider selling the house and the correct size. Exclusion or adjuster is on top and coming neighborhoods. Stash extra cash in a well managed bank.Some banks offer interest rates of more than 3 percent, which is much, but surely the loss of pension funds or stocks. The version that SUVs and trucks that can be used to go to work and buy used compact hybrid car and get 45 miles per gallon. Find the best price in Carsdirect and sent from anywhere. As a benchmark spending fell by 25%. Enter your current household budget and slashing. Do you really need to go to Starbucks twice a day at $ 3 a drink?You'll find little things really add.

Go Green: This is a great way to improve the quality of their lives in the budget. Save water irrigation turn your accountant, taking shorter showers and install low-flow toilets. Department of reliable garden. Save the installation of solar water heater, compact fluorescent lights and efficient appliances in the consumer age. Turn the thermostat in winter and summer. All Recycling and consider buying clothesFurniture and underused. The consolidation of electronic devices in the home. You can buy and sell almost anything on Craigslist and eBay. Labor force green collar work or part of a full-time renewable energy and conservation. Starting a business at home, such as eco-entrepreneurs.

Optimizing Credit: If mortgage rates of the house is a few percent above the price will be the refinancing. Many banks are still offering mortgage credit lines on favorable terms. Currently there are around4.5-5%, and many free of charge unlike the mortgage on the house. Implementation of quality, low credit card interest, such as Visa Christian Dior, while still possible. Take the credit card terms and conditions carefully. Balance transfer offers zero interest on some cards come with catches. If you use this card interest on purchases can be more than 20 percent! Interest rates and credit limits are subject to change. Use the equity line to pay high interest rates on outstanding balances and car loans if any. Ifa deficit every month, after the reduction of costs, the credit can provide a cushion. Do not wait and apply when credit is needed because even with excellent credit ratings can not get it.

Bargain Basement: In the depths of the depression that comes, you are lucky enough to have cash credit and prosper. Stocks and housing prices are bargain basement. I dare say 20 per cent cheaper. Outwit Warren Buffett and buy shares at the time of bellcompanies with strong balance sheets and marking of historical low valuations. Become a real estate mogul by seizing the property in a difficult situation. How do you know when we are at the bottom? Check out the most important evidence of the economic project in the worst since the Great Depression, which will be a recession in 1980-81. Also watch out for the delivery of the Wall Street darling as Google. Be patient, the storm will pass. With intelligent deficit spending, a reduction of interestrates and the new administration things will improve gradually.