I am not one to go into full panic just yet so we shall see. Not all economic predictions come to a reality. However, i place my bets on Peter Schiff because he was right and still is, but he is still only human and not a profit. If the state of the world does go south, just remember, it will not last forever. Humanity has a great knack for helping our fellow man so if that means the corrupt Governments of this world fall, so be it. Man will continue to dominate man to his injury. All i can say form my own thoughts is get a hold of gold, silver, grow a produce garden, look into bit coins currency think about a barter system, stay away from taking out loans, stay out of dept, try and live in a area that is as free as possible.