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Bank Of England - Open Door Saturdays

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If any HPCers are in London for the next couple of Saturdays they've got open door events at the Bank of England.

http://www.bankofengland.co.uk/education/Pages/museum/exhibitions/open_door.aspx

"Bank staff will also be in the Museum to answer questions about gold."
"Visitors can take the helm of the new interactive boat game and simulate the role of the Bank in keeping inflation steady."

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If any HPCers are in London for the next couple of Saturdays they've got open door events at the Bank of England.

http://www.bankofengland.co.uk/education/Pages/museum/exhibitions/open_door.aspx

"Visitors can take the helm of the new interactive boat game and simulate the role of the Bank in keeping inflation steady."

Is that food inflation, wage inflation or house price inflation ?

Maybe someone should ask why we have inflation at all and it's true purpose ?

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"Visitors can take the helm of the new interactive boat game and simulate the role of the Bank in keeping inflation steady."

The BoE uses the boat game option of jettison everything except the traveling free freeloading banking stowaways.

The new remit must be to "keep inflation steady" - a pretty meaningless requirement. There used to be a remit with an inflation target of 2%.

They have been such failures with the inflation target since they took control. They can't even see a mega house price bubble in London inflating away right under their noses.

Edited by billybong

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The BoE uses the boat game option of jettison everything except the traveling free freeloading banking stoaways.

The new remit must be to "keep inflation steady" - a pretty meaningless requirement. There used to be a remit with an inflation target of 2%.

They have been such failures with the inflation target since they took control. They can't even see a mega house price bubble in London inflating away right under their noses.

To be fair, they've done a solid job maintaining the 12% annual house price inflation target since 1997.

Edited by zugzwang

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"Visitors can take the helm of the new interactive boat game and simulate the role of the Bank in keeping inflation steady."

Does it employ the same economic model as the one they used to forecast the Great Financial Crash?

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Perhaps someone could ask them why their article on inflation in the BOE museum states that inflation is due solely to supply and demand and they totally fail to mention money printing?

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Back in the 80's they were trying to 'wring inflation out of the system' which is was why I was paying 16% interest on a mortgage at one point, whilst the pound did a merry dance on the exchanges.

Now they are trying wring inflation back into the system and we have ZIRP. Wonkers the lot of them.

I've been to the BoE museum, and got told off for leaning on one of the exhibit cases.

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Other attractions include interactive displays and films on inflation, jigsaws, a safe to be cracked and activity sheets for children.

That'll be demonstrating another Boe speciality - in raiding the public's gold storage.

If attending any of those open days and then asking questions about gold don't disclose possession of any gold

Edited by billybong

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That'll be demonstrating another Boe speciality - in raiding the public's gold storage.

If attending any of those open days and then asking questions about gold don't disclose possession of any gold

Dare you all to go wearing suits and run out the front doors screaming "the GOLDS all GONE"

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Dare you all to go wearing suits and run out the front doors screaming "the GOLDS all GONE"

I'd wear this but fear I might get mistaken for Mark Carney.

A0426.jpg

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So I was in Mark Carney's office today. Got to hold a £307,000 gold bar too. Visited the committee room where they decide to keep interest rates on hold every month. Was shown the door to the bullion vaults, although wasn't allowed in so can't confirm if there's anything in there. I'd recommend a free visit to the BoE next Saturday if you get the chance.

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