A"We are on the verge of an economic collapse which starts, letA's say, in Greece, but it could easily spread,A" billionaire investor George Soros said during a panel discussion in Vienna on June 26. A"The financial system remains extremely vulnerable.A" Some country is going to default sometime in the near future, it's just a question of time.Personally I think these headge fund vultures have all been taking their short positions in already and are now just laying low. It could take three months or three years, but something will have to give way. My advice is to start to pay off all debt ASAP, starting with the most expensive debt, and then tread carefully when investing after that. A bit of cash on the sideline for a rainy day is maybe not such a bad idea for next few months.Most importantly stay patient. It could take a while before investment bargains start emerging. omo