Live Peasant Posted May 21, 2009 Share Posted May 21, 2009 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? Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted May 21, 2009 Share Posted May 21, 2009 What happened to your concerns about moral hazard? Quote Link to comment Share on other sites More sharing options...
HovelinHove Posted May 21, 2009 Share Posted May 21, 2009 Is it fun playing hide the sausage with an overweight egotistical Scotsman? Quote Link to comment Share on other sites More sharing options...
Injin Posted May 21, 2009 Share Posted May 21, 2009 How the ****** do you sleep at night, you mass murdering ****? Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted May 21, 2009 Share Posted May 21, 2009 Want to by my £1Bn corporate bonds? Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted May 21, 2009 Share Posted May 21, 2009 Fist sandwich? Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted May 21, 2009 Share Posted May 21, 2009 (edited) 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 May 21, 2009 by lowrentyieldmakessense(honest!) Quote Link to comment Share on other sites More sharing options...
the_austrian Posted May 21, 2009 Share Posted May 21, 2009 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? Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted May 21, 2009 Share Posted May 21, 2009 would you like some Polonium 210 to go with that steak? Quote Link to comment Share on other sites More sharing options...
Sir Sidney Ruff-Diamond Posted May 21, 2009 Share Posted May 21, 2009 (edited) 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 May 21, 2009 by paulr Quote Link to comment Share on other sites More sharing options...
three pint princess Posted May 21, 2009 Share Posted May 21, 2009 Cracking darts player Quote Link to comment Share on other sites More sharing options...
SarahBell Posted May 21, 2009 Share Posted May 21, 2009 I woud ask what dirt Gordon has got on him and whether he is going to stop QE like he wants to. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 21, 2009 Share Posted May 21, 2009 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. Quote Link to comment Share on other sites More sharing options...
Guest vicmac64 Posted May 21, 2009 Share Posted May 21, 2009 Are you a freemason? That would be my question. Quote Link to comment Share on other sites More sharing options...
STRLondon Posted May 21, 2009 Share Posted May 21, 2009 where can I get a good sized wheelbarrow? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 21, 2009 Share Posted May 21, 2009 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. Quote Link to comment Share on other sites More sharing options...
Sir Sidney Ruff-Diamond Posted May 21, 2009 Share Posted May 21, 2009 Plays a cracking game of lawn bowls: http://www.life.com/image/1631548 Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted May 21, 2009 Share Posted May 21, 2009 is it correct and right that the bank of england can steal from the prudent and savers by printing moneyhas 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?" Quote Link to comment Share on other sites More sharing options...
three pint princess Posted May 21, 2009 Share Posted May 21, 2009 Plays a cracking game of lawn bowls:http://www.life.com/image/1631548 I'd probably trust that bloke to run the BOE, just on stance. Quote Link to comment Share on other sites More sharing options...
JustYield Posted May 22, 2009 Share Posted May 22, 2009 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. Quote Link to comment Share on other sites More sharing options...
libspero Posted May 22, 2009 Share Posted May 22, 2009 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? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 22, 2009 Share Posted May 22, 2009 Punch the thieving tw@ in the face. Quote Link to comment Share on other sites More sharing options...
BearlyBegun Posted May 22, 2009 Share Posted May 22, 2009 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 Quote Link to comment Share on other sites More sharing options...
piece of paper Posted May 22, 2009 Share Posted May 22, 2009 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 Quote Link to comment Share on other sites More sharing options...
Sir Sidney Ruff-Diamond Posted May 22, 2009 Share Posted May 22, 2009 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? Quote Link to comment Share on other sites More sharing options...
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