Should the Fed take over the IMF?

[opebo]

Given the unfortunate globalized situation of the world economy, in fact the Fed can control all other central banks because of the interlocking system, and, by extension, the IMF.

If the Fed were to monetize the Greek debt, the Euro area would have to inflate by a similar amount (in theory) or face appreciation of the Euro, which is after all destructive to their economy.  Basically the Fed can do what it likes, and other central banks have to follow precisely.

So, I would suggest that the Fed print enough dollars to maintain the Greek debt, and to intervene as necessary to equalize yields on Spanish, Italian, French, etc. debt (to German yields).

[opebo]

Jesus christ, guys, this isn't the men's room at the Republican National Convention.

[opebo]

Politico, human behavior comes from pointing a gun at them.  'Economics' is just a very funny attempt to mask what is really going on.

By the way who is the other non-brainwashed person who voted with me on my scheme?

[opebo]

Can we go ahead and ban him from the economics sub-forum?

Whom, opebo? His Lordship is so charming, I would really hate to do that. Just take him w/ some sense of humor.

Not to mention I'm the only non-right-winger who posts in there.

[opebo]

Not to mention I'm the only non-right-winger who posts in there.

Well, on that definition the world consists of 7 bln. right-wingers and Your Lordship ))

Excessive hyperbole there, ag.  Also fatuous.

[opebo]

Huzzah - now there are four reasonables!