BILS - The Role Of Central Banks

• When the economy overheats, central banks try to calm it down; when it's depressed, they try to prop it up, as they are doing at the moment.
• We are experiencing the most aggressive intervention in the economy and financial markets by the Fed and the US Treasury, which is why stocks are at all-time highs and average hourly earnings went up last year during a bad recession due to generous unemployment benefits.
• India is getting ready to ban Bitcoin. I would not be surprised to see the U.S. do exactly the same, as I don't see the U.S. authorities allowing for any roundabout ways for circumventing the Fed or the U.S. Treasury Department, which is what Bitcoin currently allows.

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