We should all be shocked by the unanimous findings of our intelligence agencies.  As the implications begin to sink in, the impact of an illegitimate president about to take office for at least four years are deep and far ranging.  And “at least four years” is optimistic.  Traditions will be violated and conditions will erode fast.  Hanging on may be the best we can hope for.

And, the double shock of comprehending that the one person who knew all and who could have taken bold and unprecedented action before the election to prevent this crisis – the then sitting two term president – did absolutely nothing.  Yes, nothing – his default position all these last eight years.

Relying on key members of Congress to take a stand now is not an option.  Every one of them, even those posturing loudly today, are too interested in protecting their own cushy jobs.

So, it behooves those with any money – large or small in sum – to take prudent, very prudent action now.  The market has taken off since Trumputin was elected, but that has been just a relief rally – a relief that Hillary Clinton will not extend the Obama years.  But, it won’t be long before investors come fully to grips with the implications of an illegitimate president – especially a dangerous and unpredictable one.

Given our new reality, we all need to consider carefully the proportion of our investments we leave in the market.  But we also need to adopt the mindset of our ancestors who confronting political instability converted many of their assets into cash, diamonds and gold.  You will want to consider doing the same – buy gold and diamonds and put money away in multiple federally insured bank and CD accounts, up to the limit of insurance for each.  

Find the best savings rates and CD rates on BestCashCow.

Daniel Socolow
Daniel Socolow: President, Socolow Group. Former Director of the MacArthur Fellows Program, President of the American University of Paris, Vice President of Spelman College. BA, MA, Ph.D.

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