Mreps and Muc Discuss Huge Drops in Stock, Commodities, Increasing Dollar Gains On Debt With Rising Unemployment

Mreps: Good day to you Muc

Muc: Good day to you Mreps

Mreps: Just thought it would make this blog more interesting if we were to include business news nobody cares about

Muc: Anal is painful. This man is about to cry but is holding it in. The perfect symbolism identifying the failing US economy

Mreps: And now the explanation of the news. Would you care to start Muc?

Muc: Absolutely. Stocks plunged around the glob, with the MSCI World Index dropping the most in nine months and commodities tumbled on concern an unexpected increase in US jobless claims and growing sovereign debt will derail the economic recovery. The euro slid to the lowest level since May

Mreps: The MSCI World Index of 23 developed markets sank 2.9 percent and the S&P's 500 index fell 3.1 percent in NY, the biggest decline since April of 2009. Benchmark equity indexes for Portugal and Spain plummeted the most in 15 months. Oil lost 5 percent, biggest drop in six months and gold fell the most since 2008. The euro lost 1.1 percent to $1.3738 and sank to an almost one-year low versus yen

Muc: Obama's in a tough spot I betcha

Mreps: Right, right. But the economy always slides towards bottom end like this now and then. No reason for panic or concern

Muc: Your correct there Mreps. The economy like all things in nature will always go up and always go down. However, the economy is fluctuating more than what it was years ago. The downs that were then a once in 4 years phenomena is happening at a rate of once per 10 - 12 months

Mreps: My theory is proven correct then. I have said once before that injecting money into the economy by the billions is always never a good thing

Muc: And why is that?

Mreps: The economy is something natural. Placing a hand into it would only lean towards agitating it further. For example in layman terms; global warming is a natural occurrence that has taken place countless times in the history of the world. The warming and cooling intervals take place in accordance to when it wills it. However, the pollution and carbon dioxide production into the atmosphere serves to create a more extreme global warming phenomena with the heating of the planet happening faster and at a incredibly devastating rate. Almost unnatural. For years when the economy turns bad, governments inject billions into the stagnant economy to stimulate it like a penis. Everything has a consequence. Pushing the economy using unnatural methods would only allow the economy to fall unnaturally. Furthermore sovereign debt also has consequences. What happens when it turns bad. What happens when the $11 trillion of US debt goes bad? A massive domino effect that's what. If the US falls, so does the EU and when the EU falls so does Russia, China, and consequently the whole of Asia. An economy meltdown when nobody has the money to do anything, where nobody has control anymore, total anarchy will happen.

Muc: Total anarchy? Why do you say that?

Mreps: Look at the French Revolution, how is it that citizens of the most sophisticated country in the world could turn to such barbarism. The slaughter of countless aristocrats, clergy and royals and the magnitude of wars that followed in Europe. It was because of the fall of the economy in France at the time due to their ballooning debt. The people will rise up in arms demanding blood

Muc: But if you say that government intervention cannot happen to keep the economy natural, then what about the unscrupulous individuals who created the fall in the economy such as the greedy banks and hedge funds that caused the recession in 2008 to take place? Surely the government had to do something to help the victims of the greed, the ordinary people.

Mreps: Your quite right there. Well, such is the evils of capitalism where the rich benefit. The only solution is total government control on businesses that control liquid equity. However, no government would be able to handle that much control as one would know that corruption is always around and major corporations would never abide to that

Muc: Such a delirious world we live in eh? Let us discuss the possibility of utopia sometime soon

Mreps: That would be a much scrumptious discussion

Muc: One more thing

Mreps: ?

Muc: I had sex with your wife

Mreps: Peeps

Muc: Tits