Jump to content
House Price Crash Forum

Recommended Posts

In the not too distant future, I'm having a spot of lunch with our favourite Penfold look-a-like.

Chatham House rule applies but given the opportunity, what would you like to ask?

Share this post


Link to post
Share on other sites
In the not too distant future, I'm having a spot of lunch with our favourite Penfold look-a-like.

Chatham House rule applies but given the opportunity, what would you like to ask?

is it correct and right that the bank of england can steal from the prudent and savers by printing money

has he looked into the history of fiat money and does he think its different this time

what did the queen call the meating for

should we be listening to the econmists who predicted this crisis rather than the idiots who didnt

what does he think to this quote by an ex director of the bank of england

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again. . . . Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.

Sir Josiah Stamp, director of the Bank of England

Edited by lowrentyieldmakessense(honest!)

Share this post


Link to post
Share on other sites
In the not too distant future, I'm having a spot of lunch with our favourite Penfold look-a-like.

Chatham House rule applies but given the opportunity, what would you like to ask?

You told us that you didn't really understand the link between low interest rates, inflated asset prices and the 'real' economy, and that the unprecedented credit bubble was not really identified until much later.

Then when the financial crisis happened you told us that you didn't really understand the workings and products of the modern financial markets.

Then when the severity of the impact of the financial crisis on the real economy became apparent, you said that you didn't really understand how severe it would be early on.

Now the Bank of England has decided to embark on the untried and untested 'quantitative easing', what assurances do you have that we won't have another apologetic confession in a years time when its effects feed through (whatever unforeseen effects those might be)?

Edited by paulr

Share this post


Link to post
Share on other sites

You had the balls to tell Thatcher she got it wrong and yet you've been Browns Gimp, has the £300k salary helped to make you more agreeable to sh1t economic policies.

Or you could just ask him if he's a clueless fookwit and then punch him in the face.

Share this post


Link to post
Share on other sites

If interest rates are such a flexible economic tool why are we in this mess.

And what happened with your crystal ball it appears of had a bit of an issue with the years 2007 / 2008 do your 24 month models really work.

Then punch him in the face.

Share this post


Link to post
Share on other sites
is it correct and right that the bank of england can steal from the prudent and savers by printing money

has he looked into the history of fiat money and does he think its different this time

what did the queen call the meating for

should we be listening to the econmists who predicted this crisis rather than the idiots who didnt

what does he think to this quote by an ex director of the bank of england

There is around £100bn actual cash in the economy and around £4,000bn credit. What happens when everyone wants their money back? Are you planning to print or default?
You told us that you didn't really understand the link between low interest rates, inflated asset prices and the 'real' economy, and that the unprecedented credit bubble was not really identified until much later.

Then when the financial crisis happened you told us that you didn't really understand the workings and products of the modern financial markets.

Then when the severity of the impact of the financial crisis on the real economy became apparent, you said that you didn't really understand how severe it would be early on.

Now the Bank of England has decided to embark on the untried and untested 'quantitative easing', what assurances do you have that we won't have another apologetic confession in a years time when its effects feed through (whatever unforeseen effects those might be)?

cracking points + questions above

i would just add, to ask him "have you no shame?"

Share this post


Link to post
Share on other sites

I'd ask him:

  • CPI: isn't this obviously too narrow a remit?
  • HPI: surely you could see there was a bubble?! You did say, "value is opinion, debt is real" - do you think this message was lost on the masses and in hindsight you should have been more forceful?
  • Eddie George's statement: "my legacy, if you like, was fix this." What do you think he meant? Did you?
  • Nobody (with any credibility) foresaw the systemic risks. This is plainly not true. Why do you keep saying this?
  • Your policies will lead to very high inflation down the track, won't they?

Great opportunity. Don't blow it. ;)

Share this post


Link to post
Share on other sites

Do you feel that the recent criticism levelled at you is fair, or was this really outside of your remit?

How much control do you feel you have over economic policy decisions, and, with hind sight would you have been able to stop a lot of these problems even if you had wanted to?

Share this post


Link to post
Share on other sites
In the not too distant future, I'm having a spot of lunch with our favourite Penfold look-a-like.

Chatham House rule applies but given the opportunity, what would you like to ask?

I'd ask him if he really thinks that base rate will remain at its low well into 2010...considering the S&P/IMF recent comments and the ever increasing risk of investment dumping the £ and avoiding gilts.

Then watch closely for any facial ticks <_<

Share this post


Link to post
Share on other sites
In the not too distant future, I'm having a spot of lunch with our favourite Penfold look-a-like.

Chatham House rule applies but given the opportunity, what would you like to ask?

Are you paying for this lunch with real money or some that was just printed for the purpose?

p-o-p

Share this post


Link to post
Share on other sites
In the not too distant future, I'm having a spot of lunch with our favourite Penfold look-a-like.

This is a theoretical What If lunch, right?

I mean, you're not going to actually have lunch with the Governor of the Bank of England, right?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   288 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.