SPX S&P 500 60-Minute Chart from 3/6/2009; Displays the All-Time Record Low at '666' Occurring Exactly One-Decade Ago; The Central Bankers Are the Market

The S&P 500 bottomed at the infamous '666', the mark of the beast, on 3/6/2009, at 3:15 PM EST, which remains the all-time record low. The SPX then popped +20% off that bottom over the next 2 weeks and is now up more than +300% off that bottom. The central bankers are the market.

Former Federal Reserve Chairman Bernanke intervened in markets in March 2009 to protect the wealthy class that own huge equity portfolios; this monetary policy decision saved the stock market at 666. The Fed began printing money like madman to flood the world's financial system with liquidity. This Keynesian money-printing pumps the stock market higher for a sold decade. The money has to flow somewhere and it floats into equities and many other asset classes that are now in bubbles such as real estate, vineyards, art, antique cars, collectibles, etc.. 

The Fed and other global central banker's accomodative monetary policies have done nothing to help the common person in fact the middle class has disappeared in the US. Americans suffer through high debt and lack of job opportunities. The so-called job gains are low-paying jobs. The Fed's money-printing, however, has made the wealthy class filthy rich since the easy money funds buybacks that pump stock prices higher. The elite class makes millions effortlessly by tapping computer keys; they do not even break a sweat. On the other side of the tracks, one-half of America does not own a single share of stock.

Former Fed Chair Yellen, Queen of the Doves, continued the Keynesian money game. Each time the stock market printed a stutter-step, the central bankers came to the rescue with more dovish talk and this behavior continues in 2019. The global central bankers including the Fed, ECB, BOJ, PBOC, BOE, RBA, etc... act in collusion daily to keep the Keynesian game going as long as possible.

As long as global investors trust the central bankers and believe in their policies and maintain confidence, all is fine. When confidence and credibility in the Fed and other central bankers is lost, all is lost. This is why Powell's about-face with policy late last year into early this year is so perplexing; you would think confidence would be lost with such a debacle but no, instead the band plays on. Perhaps a delayed market reaction is on tap due to Powell's missteps?

The central bankers perform the bidding of the investment bankers, politicians, Wall Street bigshots and other corporate executives, all part of the elite privileged class, because they are rewarded with lucrative kickbacks once they leave public office and return to private life. The Wall Street investment banks will pay a former Fed official $250K for showing up at a luncheon and belching a token speech, however, everyone knows it is another day of nudge, nudge, wink, wink, know what I mean, know what i mean? The speaking gig is simply a kickback payment to reward the central bank official for many months or years of promoting dovish policies (which pump the stock market higher); a quid pro quo.

Chairman Powell has jumped aboard the Keynesian bandwagon with both feet and is spending his lunch hour in the basement of the Eccles Building personally running a printing press. After work, he walks along the city streets, spreading money across the sidewalks. The world is awash in liquidity.

The wealthy privileged class has raped the nation for all its worth over the last five decades and switched on the afterburners during the last 10 years. The elites are exiting the market leaving Joe and Jane Sucka to hold the future bag. The divide between rich and poor in America is the widest in five decades. Once the recession hits, a rich versus poor class war will surely follow. Payback will be a b*tch.

Always remember, the central bankers are the market. America's financial system is best described as a "faux free market crony capitalism system." Plain and simple, capitalism failed in the US because of the lack of transparency. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.