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House Intel Committee Shocks the World, Votes to Release Controversial FISA Memo, Heads to Roll - Nathan McDonald (30/01/2018)

From the archives of sprott money news

January 30, 2018

President Trump and his party just made a move. And not simply any move: a monumental, history-changing, power move.

If you’ve been paying attention to the news the past couple of weeks, you know the #ReleaseTheMemo campaign has been under full swing and is gaining momentum.

Unsurprisingly, this "rallying cry," as it has been dubbed, is 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.

During this time period, the Democrats have strongly pushed back against this movement, claiming it could threaten sources and national security. Meanwhile, members of the Republican Congress, who have seen the full contents of the memo, are 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 voted in favor of releasing the memo, much to the relief of those who have been pushing for the truth on this matter.

(Please click the image above, to play this video, or click here )

 

Adam Schiff, the top Democrat on the committee, broke this news to reporters first, saying:

“It is a very sad day, I think, in the history of this committee.”

He went on at length about why he believes releasing 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.

Those who simply want the truth released (and the corruption exposed) were exhilarated by the news, as evidenced by the overjoyed messages on Twitter and various other social media networks shortly after it broke.

Meanwhile, conspiracy theories about what exactly this memo reveals are still running amuck, as people speculate on its contents.

What we do know is that we are looking at a roller coaster of a week in the news cycle, both financially and politically. It’s being reported that this memo will radically shake the foundation of the FBI and result in numerous firings—and possibly even criminal charges.

Already, the first victim has been claimed. FBI Deputy Director Andrew McCabe was "removed" from his position after FBI Director Wray was made aware of the memo's contents, foreshadowing what is to come.

This will send the markets gyrating, as they seek to adjust to this news and figure out its full ramifications on the United States government as a whole.

In the short term, I believe we will 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.

When the dust settles, though, I believe the markets will respond favorably. This will result in a huge win for President Trump and his party, cementing their position and vindicating them on many levels—as well as adding increased security and stability in the administration and thus the markets as a whole.

Still, this is far from over. In fact, it’s 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.

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About the Author

Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.

Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.

In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world. He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

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