Did it play a factor in the crash,cause we got a whooper of a deficit now.
2006-11-16 10:14:16 · 4 answers · asked by kman1830 5 in Politics & Government ➔ Politics
I guess there is no way to find what the deficit was.
2006-11-17 03:21:21 · update #1
OO.OOO.OO Their was no connection and at that time we had the gold standard which we do not have today.
2006-11-16 10:18:16 · answer #1 · answered by daydoom 5 · 0⤊ 0⤋
The STOCK MARKET is a scam.
The prices are artificially influenced by money managers at best or directly determined by exchange FLOOR Traders.
* as with all my posts these are my opinions or for entertainment purposes only.
In my speculation they purposely lowered the price of stock then bought them back.
Since they can DO THIS at will ... NO one is save from losing their savings.
WATCH the movie "Trading Places" U will get an idea.
Better STOCK SCAM:
NOT to mention BANKRUPTCY scam ... where they can drive the company into bankrupt get a "GOOD" Judge to execute the management's endeavor (fraud) by canceling (stealing) the stock from shareholders and issuing (give) new stock to their cronies. (BANKS). NOT to mention destroying the pension plans of the employees.
The COMPANY then exits bankruptcy with a profit for the NEW owners ;)
2006-11-16 10:52:37 · answer #2 · answered by Genuis by Design 3 · 0⤊ 1⤋
The crash was caused by excessive speculation not the deficit.
2006-11-16 10:16:37 · answer #3 · answered by smartass 3 · 2⤊ 0⤋
i cant remember, too many meds
2006-11-16 10:17:33 · answer #4 · answered by TARD 1 · 1⤊ 1⤋