Deep State will not surrender to Trump: Jack Smith has another card up his sleeve
On November 8th, Jack Smith filed a motion in The United States District Court for the District of Columbia to vacate the briefing schedule in the Trump January 6th case in Washington, D.C.
On the surface, this might look like we’ve seen the last of Jack Smith, as the mainstream media is leading the public to believe that the Special Council is dropping the case altogether, however….that is not what this motion is saying at all.
In the second sentence of the motion, it states, “The Government respectfully requests that the court vacate the remaining deadlines in the pretrial schedule to afford the Government time to assess this unprecedented circumstance and determine the appropriate course going forward consistent with Department of Justice Policy. By December 2, 2024, the Government will file a status report or otherwise inform the Court of the result of its deliberations.”
Being that Donald Trump has not yet been sworn in, I believe Jack Smith is going to challenge the DOJ’s long-standing rule that current presidents cannot be indicted, prosecuted, or jailed in a criminal case while in office on the grounds that Trump is not yet a current U.S President. This will leave a very small window open, from Dec. 2nd to Jan. 6th, for Smith to pull his last card.
While Rep. Jamie Raskin (D-Maryland) has recently backpedalled from the statement he made regarding not certifying President-Elect Trump on January 6th, his words clearly point to an insurrection in the making, but this time, it’s a real insurrection.
Here’s a video of @RepRaskin where he declares, in his own words, that they won’t certify the election and allow Donald Trump to become the president.
Is there a coordinated effort being made to disrupt the peaceful transfer of power?
It certainly looks that way. However, while the U.S. Constitution has a time-tested system of checks and balances that would prevent this from happening, any attempt to hinder the process could disrupt the markets. Investors and traders don’t like uncertainty, and while this article highlights the potential for political volatility, my interest as a swing trader revolves around how the political uncertainty will affect the market volatility.
This is not the first time I’ve given a guarantee when it comes to Gaps filling on the VIX. The CBOE Volatility Index is not a stock; It’s an oscillating index that trades within well-defined price ranges.
NOTE: For those who trade the VIX through various instruments like VXX, you can use open gaps as price targets to get in, or out, of trades. While this is NOT a trade recommendation, I would suggest you incorporate a good risk management discipline to limit losses, should you decide to trade it.
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