Last Thursday, the U.S. stock market saw a big jump up to new all-time record high prices, as it become clear that President Trump’s tax cut bill was going to pass the U.S. Congress. For months now, I have been writing about how everyone is writing every day about an imminent crash in stocks, while stocks just keep advancing. The next day, Friday, prices continued to advance, until the market was suddenly shaken by a strong, immediate fall that was felt in the Forex markets as well as the in the stock market. The cause was the sudden announcement that the President’s former National Security Adviser Flynn was pleading guilty to a charge of misleading the FBI. The nationwide campaign to overturn the result of the free and fair 2016 presidential election swung breathlessly into life, with ABC news reporting that Flynn was prepared to testify that he was ordered by Donald Trump to “make contact with Russia”. Feverishly, a path to impeaching the Donald was suddenly open. The market bounced back as it became clear that ABC made a mistake, and that Flynn’s real position was going to something far from facilitating a successful impeachment of President Trump any time soon.
Here's how the U.S. justice system works when the authorities think you might have some dirt on someone they want to nail: millions are spent on going through your life with a fine toothcomb, until eventually something is found – and such is the state of unbelievably Byzantine U.S. federal laws, if the will is there, a case can be made against almost anyone. The victim is then bankrupted, and offered a way out – just dish some dirt on the real target, and they do a little time in a plea bargain but quickly get their life back. This is what has been done to Flynn, who will now presumably testify that someone higher up told him to do something controversial or potentially even illegal. Technically, it might be that a President-Elect could be charged with a criminal offence regarding running a parallel foreign policy to the sitting President, but everyone knows it’s a joke as it is almost impossible to avoid for any incoming administration in practice. Sadly, the derangement over Trump is such that the President’s enemies are prepared to see him charged with anything, although no incoming President has ever before been held to such an impossible standard. They are prepared to burn the Republic to save the Republic. You don’t have to be a fan of the President to see it.
