What precautions to take for a failing U.S. Economy?

With OPEC's inevitable decision to begin selling oil in currency other than U.S. dollars, it is my opinion that this will cause the collapse of our already fledging world market. The stock market may be going up, but it's meaningless with a dollar that is so weak. When Asia comes to cash in their T-bills, and the US dollar is revealed to be based on nothing other than people's faith in it (which is definably true), we will be left with very considerably less stability, prosperity, and power.

I know these above statements will inevitably offend, and they are not from that of an economist, simply my own, but they are also not without merit. As I am predicting a large collapse with OPEC's conversion being the nail in the coffin, my question is simple for those that can see the long term as I cannot.

Simply put, what can I do to protect my economic future, my welfare, and that of my family? What are investments that a Joe like me can make to get through a coming depression? Thank you

The economy will not remain like this forever. It will show some improvements the upcoming days. However the high prices of oil is not the only one weakening the dollar.
The decline in housing market, the credit market worries, inflation are all making the economy weak.
The expensive imports (due to weakening dollars) and the decreasing exports are another example.

Due to all these the stock market is not good. Foreign investors in the US equity market are pulling off their money from US and investing in other markets (probably the european or asian market).
The country is in inflation.
At times like these, you should not panic because of the news.
US economy is strong and it will recover on its own.
As per the OPEC's decision, that will cause a little bit of trouble in situation like this but rest of the time it wont be a big deal.

As a investor, do not take advice from people on the internet. Do some research and figure out what is wrong and right. Do it on your own. I would recommend you to buy stocks in good blue-chip companies. The best way to do is to invest in good mutual Funds.
Go Luck, we are all in the same boat.

Stop spending beyond income levels (deficit spending), return to hard currency (gold and silver), reduce government to its Constitutionally authorized functions, change our foreign policy to one of non-intervention in foreign wars - the traditional American position.

The easiest way to accomplish this is to elect Ron Paul president iin 2008.

Cash in all you have invested,grab your money,turn it into euros,then move to Mexico,and live like a king!! If all that fails sneak back across the border & pass of as an illegal !!

You do not anymore depend solely on economy conditions in your city, county, state or the country. Wake up to the fact that Industrial Revolution is over and gone to China and the largest English speaking country --- India.

Economy is GLOBAL.

Orient yourself in new trends for there will be more than 1 million new millionaires created within the next 10 years or less in the USA alone. --- Do you want to take an advantage of it or become a victim? The choice is yours.

My friend I feel your pain and can see this. the future is always uncertain even with best plans, this I will say, the ever increasing taxes and never ending price rising steadily of all things I would invest in gold and in property that can be bought and paid for with no mortgage. and STAY AWAY FROM THE BANKS and all the MONEY LENDERS they are the ones making money rite now. If you can do that, that's what I would do. again there are no guaranty of anything or for anyone. Just try to be happy and try to make people around you happy within reason of coarse.