Just as a practical matter, how will you protect what savings you have after the election?

[ThomWV]

Should the Republicans gain control of more power in the Congress than they now hold (not necessarily take either house, but become stronger in either or both houses) it will be devastating for what little recovery we have seen, in fact we should expect new economic lows as Republicans set the economic stage for the 2012 election. With that in mind just where can a person stash what savings they have with preservation being the main goal? Is there anything safe left? I watched my lifetime savings dwindle by a third or more under Bush, I sure as hell don't need that happening again.

[hobbit709]

1. 0=0

[Fumesucker]

2. To expound further on hobbit's post... Nothing from nothing leaves nothing..

http://www.youtube.com/watch?v=KQ5-BTdcqjk

[Historic NY]

3. I'm going to sleep on it since its not making much interest, its just paper anymore.

[McCamy Taylor]

4. Buy up auctioned homes. That is what the GOP is doing.

[flamingdem]

5. Not only that, China and Russia will see the USA as financially irresponsible

with Republicans wanting to keep the tax cuts for the very wealthy and they'll edge the USA out, maybe working to replace the dollar as the international currency, think about it..

[Javaman]

6. I'm converting them all into acorns...

because when the new script is issued after the repukes destroy the economy, I can then sell them back and a good return.

All I have to do now is make sure those
&$#%ing squirrels don't get to them!

[zipplewrath]

7. Fixed securities

If you truly believe this, in the long run, then invest in fixed securities like money markets, CD's, or a simple savings account. For long range savings, you can consider some of the products that life insurance companies sell which will guarantee you a rate of return (after some period of time) and also allow some up side if you're wrong.

None of this will protect you against inflation however. But the vast majority of people would be helped by a little bit of inflation.

[thetonka]

8. I've had most of my money with Charles Schwab

And when everyone was losing massive amounts of value in their retirement, chuck kept my losses very low.

[Uben]

9. I'm thinking it may go differently......

We could actually see some of these corporations turn loose of some of the cash reserves they are holding to bolster the economy so they can say "Look how things have improved sine the republicans took the house" in the months before the 2012 election.

I don't really see an impact on financial markets other than that scenario since they will not gain enough advantage this election to actually do anything. Even if they took both houses of congress, their majorities would be so small, it would be insignificant, kinda like what the dems have now.

[madmom]

10. Whats this "savings" you talk about?

[FSogol]

11. Make sure the GOP doesn't regain the House. GOTV.

:facepalm: for another Democratic Party Obituary post.

[Zephie]

12. I suppose I'll put my whole 13 cents in a jar on the fridge

:shrug:

[StandingInLeftField]

13. I'm continuing to sell personal items one at a time to pay the bills.

If I'm lucky and die "young", I should have exactly what I came into the world with.

[MilesColtrane]

14. Diversify, and don't make knee jerk decisions.

I didn't alter how my meager IRA was allocated when things started going south in '08.

By not selling 've made back every dime that I had in Dec. of '07 before the crash. (I've continued to make monthly contributions since then, so my actual balance has increased by 30% since then.)

My Mom, on the other had, freaked out and got completely out of the market putting everything into a money market account that's probably earning 1.3%.

At that rate it would take her over 30 years to make back that chunk she lost by selling during the crash.

[jaksavage]

15. Payoff debt. nt