A Moment of Crisis

A Moment of Crisis

After only a few days of the Trump administration, led by an unstable president and his frightening trio (Bannon, Flynn, and Conway), the country is spiraling out of control. Strikes and protests abound throughout the country and abroad, and NATO countries, equally in shock, are already voices in the wind. The US has never faced anything like this before, and its systems of checks and balances have already proved to be impotent.

Congress continues to be the domain of fools and self interests. The Supreme Court is unaccustomed to independent action. The people are divided. Our political systems were not built for what has effectively happened – a coup d’etat supported by a foreign foe, disguised as a presidential election.

We are in uncharted territory. The first thing we must do is recognize fully that this is an unprecedented moment. And, more important, a very dangerous moment.

The second is to look for some, as yet unidentified entity or group, that can lead the way out and protect the nation from disaster. One that has yet to surface but could so do would the formation of The Council of Presidents, composed of the three last legitimate presidents of the United States – George W. Bush, Bill Clinton and Barak Obama. These leaders, standing as a single voice and an informed group, need (1) to join together in a single voice and (2) to stand as a new and strong body taking control and leading the way out of this crisis. As a group, they could lead the country, Congress and the Courts to take quick and effective action to put this coup down.

And, as a third step, while we support and assist necessary and an unprecedented action such as The Presidents' Council, we must look inward and move to protect our individual best interests. The stock market has been surprisingly slow to realize what is happening, succumbing to unrealistic promises, and is just beginning to turn down. This is the moment to reduce, if not sell entirely all positions in the market and to seek cover in cash, metals and federally insured bank products. In days, it will be too late.

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Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding BestCashCow in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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