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HOW TO KEEP YOUR HOUSE DESPITE THE COMING ECONOMIC MELTDOWN

If your house is mortgaged, here's some wise advice from financial advisor Rodney Cook of Obscene Prophets: The Ultimate Guide to Personal Sovereignty:
"Unwind your structured finance position. Buy nothing on margin or with debt. Pay off your mortgage, lest you find yourself upside down as this debt may survive foreclosure. If, like nearly all of us, you prefer not to rent and can't pay off the mortgage then you should off-set this debt with a small amount of gold bullion. Effectively, a position in condensed real estate. Dirt. Should deflation hammer the price of your home, the coincident currency crises should buoy gold sufficiently to pay off the debt. In a localized hyper inflationary environment gold would serve the same purpose: We've all heard the story of the dirt poor German bus boy who bought his employer's hotel with a single Double-Eagle received just months previous. Gold bullion can serve well as mortgage insurance for us debt slaves. Maybe even offer financial freedom."

Excerpted from Cook's excellent financial article Dirt Poor. Entire article and others here.