by Nathan McDonald, Sprott Money:

The system is collapsing, the markets are crashing, and gold and silver bullion are soaring higher, attempting to protect their investors from the impending doom about to befall us.

Or not.

The Mainstream Media is at it again, beating the war drum and attempting to rile up the people of the United States, the markets, and anyone else that will listen. After all, you’ve got to get those clicks.

The hubbub that I am referring to regards the ongoing “constitutional crisis” taking place in the United States even as I write this article.

A “whistleblower” in the Intelligence Community has stepped forward with damning information that he / she heard from a guy who knows a guy who knows for a fact that President Trump is attempting to circumvent the election process, big league.

Straying from tradition and in record-breaking fashion, the Trump administration released the transcripts of the supposed incident, which took place via phone call with the President of Ukraine. The “whistleblower” believes the President attempted to garner foreign interference in the upcoming 2020 elections by having Ukraine investigate Joe Biden and his son Hunter Biden.

This, of course, would be very concerning if true, even if there was undoubtedly some funny business that took place regarding Hunter’s “incident” while Vice-President Biden was in office.

To read more about the background surrounding this past event, I suggest Karl Rove’s recent Op-Ed that appeared in the WSJ this morning.

If all of these allegations were true, then you would expect that President Trump and his administration would go into immediate “lock down” mode, making it as difficult as possible for the opposition to investigate his “wrongdoings”. Which is what I believe both the Democratic Party and the MSM thought would happen.

Much to their surprise, not only did the President’s administration release the phone call transcripts, but they also released the whistleblower’s memo, with only minor redactions, which you can read below:

20190812 – Whistleblower Co… by Zerohedge on Scribd

A few key takeaways from the whistleblower’s complaint include, self admittedly, that they were not personally privy to any information first hand but received news of wrongdoing from others:

“In the course of my official duties, I have received information from multiple U.S. Government officials that the President of the United States is using the power of his office to solicit interference from a foreign country in the 2020 U.S. election.”

“Over the past four months, more than half a dozen U.S. officials have informed me of various facts related to this effort.”

“I was not a witness to most of the events described… However, I found my colleagues’ accounts of these events to be credible…”

Many of you know I am not the biggest fan of President Trump, nor many of the choices he has made while in office. However, I am also not blind to the fact that he has received the most negative coverage via the MSM of any President in history.

Once again, this appears to be another “nothing burger”, especially given the fact that the markets are simply yawning over this “constitutional crisis”.

Let’s take a look at the current price of gold bullion in the last five days of trading action:

(Chart via GoldPrice)

Wait…down? This can’t be right. Gold should be rapidly moving higher if a “constitutional crisis” was currently unfolding, as risk would be exploding higher.

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