Here are the things I learned from the 1987 crash; which relates to the current economic environment.
All banks are bastards.
All Central Reserve banks are purely there for their own aggrandizement.
The needs of the people are secondary to the dictates of big business, bank profits and political self interest.
Markets can be pumped and dumped at the whim of monetary policy and market interference.
Long term the Central reserve banks never get it right.
People are like sheep and will willingly follow a trend even if economically dangerous because they don't want to miss out.
Free trade agreements have the net effect of reducing a country's self reliance but provides cheaper consumer goods.
Inflation is stealthy and creeps up on the unsuspecting and unwise.
Government supplied statistics are rarely truthful or reliable.
Fiat currency is a ponzi scheme.
Never ever underestimate the USA and its ability to pull another rabbit out of the hat to keep it all going for just a bit longer.
