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FWIW

I talked to an acquaintance of mine last night. He used to be a bond trader and "retired" to do currency trading on his own. I have no reason to disbelieve him. I thought I was bearish. According to him, there are quite a lot of professional traders who know that this ship is going down (still a minority of traders, but not a small fringe). His advice was cash in the short run (better than most alternatives). For longer term, arable land and PMs (especially gold). Not as an investment, but as a way to hold some value as everything crashes.

His other point was that this is different than other economic crises, in that you can't expect equities and other investments to return in any reasonable time frame. People who tie their wealth to equities and real estate, thinking that they will do well in the long run, are going to get wiped out.

As I said, take it FWIW. The scenario he laid out was quite chilling. No country will be safe, and when global trade comes to a halt, the disruptions will be extreme. He also said to watch the USDA, for hints about when things are about to really collapse, but I didn't follow this too well.