Unsurprisingly, this "rallying cry" as it is being dubbed, has been led by vocal members of the right wing community, who have been pushing for the House Intelligence Committee to release the controversial memo to the public.
The Democrats during this time period have been pushing back heavily against this movement, claiming that it could threaten sources and National security. While members within the Republican Congress, who have witnessed the full contents of the memo have been very vocal about the level of corruption it contains.
Regardless of who is right and who is wrong, we are about to find out the truth. The House Intelligence committee has taken a vote and decided in favor of releasing the memo, much to the relief of those who have been pushing for the truth on this matter.
Adam Schiff, the top Democrat on the committee, broke this news first to reporters and had the following to say;
“It is a very sad day, I think, in the history of this committee.”
In addition to this, he went at length, explaining why he believes that this memo, which apparently exposes high levels of surveillance abuse and corruption by members within the FBI and other government institutions is a bad idea.
For those who simply want the truth released and for the corruption to be exposed, they were overjoyed and exhilarated by the news, as could be seen on Twitter and various other social media networks shortly after the news was learned.
Meanwhile, conspiracy theories of what exactly this memo contains are still running amuck and out of control, as people speculate as to what it contains.
What we do know, is that we are looking at a roller coaster of week in the news cycle, both financially and politically, as it is being reported that what this memo contains is going to radically shake the foundation of the FBI department and result in numerous firings and possibly even criminal charges.
Already, the first victim has been claimed, with FBI Deputy Director Andrew McCabe being "removed" from his position, after FBI Director Wray was made aware of the memo's contents, foreshadowing what is to come.
This is going to send the markets gyrating, as it seeks to adjust to this news and figure out what the full ramifications of this news is going to have on the United States government as a whole.
Ultimately, I believe in the short term, we are going to see intense finger pointing, numerous heads rolling and a public outcry from members of the MSM as they attempt to spin this story to fit their agendas.
In the end, when the dust settles, I believe the markets are going to respond favorably, for at the end of the day, this is going to result as a huge win for President Trump and his party, cementing their position and vindicating them on many levels. Adding increased security and stability in the current administration and thus the markets as a whole.
Still, this is far from over and is just getting started. Strap yourselves in, put on your helmet and get ready for a bumpy ride, this is going to be a rough one.
- As Originally Seen on the Sprott Money Blog
