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Stock markets fell this week along with U.S. President Donald Trump’s popularity and Republican legislative hopes as Watergate 2.0 unfolds.

The testimony by The Federal Bureau of Investigation Director James Comey confirmed an investigation is under way to assess whether the Trump team colluded with the Russians.

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This is eerily similar to 1972 when U.S. President Richard Nixon operatives undertook dirty tricks, then broke into the Democratic National Committee headquarters at the Watergate office complex in Washington to find information that could damage the Democrats’ electoral chances.

After the burglars were caught, links to the White House were drawn and eventually evidence of a conspiracy in the form of secret tapes led Republican leaders to convince Nixon that he should resign.

Today’s scandal is, once again, a burglary of the Democratic National Committee, but a “virtual” or cyber break-in designed to damage the Democrats and Hillary Clinton. This time, the perpetrators were Russian hackers hired by the Kremlin and the FBI believes there may be links to the Trump team.