In mid-August the U.S. stock market defied odds and mainstream media claimed after the Standard & Poor’s 500-stock index touched new heights on August 18, it ‘officially’ ended the “shortest bear market in history.” Interestingly while roughly 30 to 40 million Americans face the risk of eviction, the 16th Chair of the Federal Reserve, Jerome Powell, is profiting from all the stock market craziness.
The U.S. economy is facing financial disaster after the country’s government decided to enforce harsh lockdowns and shutdown over 60% of the nation’s business production. U.S. bureaucrats leveraged Covid-19 as an excuse and politicians continue to keep the American economy constricted.
Meanwhile, the U.S. Federal Reserve has been providing “unlimited money” to the central bank’s friends from Wall Street. All this money the Fed has hosed at the hedge funds, special interests, and bureaucrat-backed slush funds, all the while 30 to 40 million U.S. citizens face eviction. In mid-August, the stock market, specifically the top three U.S. indexes, has seen impressive gains rebounding enough to make mainstream journalists call it the “shortest bear market in history.”
A number of reporters and financial commentators have reported that the 16th Chair of the Federal Reserve, Jerome “Jay” Powell, has a conflict of interest with these rallies. Financial analyst Sven Henrich and Wall Street on Parade reporters recently explained how Powell is profiting from the stock market spikes.
“One person who is financially benefiting from every stock market rally is Jay Powell who has tens of millions in ETF fund long holdings,” Henrich notes….