Following the resignation of Michael Flynn yesterday after it was found the Security Advisor was providing misleading information on Russian communications, more questions than answers have been brought to light over the stability of Trump’s administration.
To begin with, Trump denied knowing any such communications took place, then later a leak from within the administration reported that Trump knew for weeks about Flynn’s regular communications with the Kremlin.
This was not the only suspicious discovery to come to light yesterday.
Trump’s White House adviser Kellyanne Conway reported on Friday that Flynn had the full backing of President Trump.
If this is true, then Trump clearly had no issue with Flynn making regular contact with the Russians during and after the Presidential campaign, and raises further suspicions as to whether the US elections were compromised by Russian intelligence.
These actions from a US President are unprecedented, and markets grow increasingly weary to the growing number of concerns that are brewing in the Trump administration.
But worst of all, the US President may have hoped that by Flynn resigning, the issue would just somehow go away. Trump has on many occasions dodged the bullet on important issues such as why he refuses to release his tax returns, an issue that in comparison seems pity if further developments around these discoveries highlight foul play.
Unlike Trump’s tax returns or bizarre obsessions with building a wall around Mexico, the issue as to whether Trump has been compromised, or aiding the Russian government could spell the end of his political career, making him one of the shortest serving US Presidents in history.
When you put all the pieces together the US President has ruffled many feathers since he took office in January. Mexico, China, Europe, Canada, Australia and the UK are just a few to mention, but criticising Russia has always been off the table for Trump, defending their every decision and disregarding strong, reliable intelligence as myths.
I expect further developments to unfold around this story, and if strong evidence suggests that Trump has been aiding the Russian’s at the expense of US security, he may be found guilty of treason and his presidential career will be over before its started.
We could enter a period of volatility for the US Dollar, markets will remain on their toes as this story unfolds.