Duhh, what is a building without the money. You can call your house the bank of Liverpool but if don't actually have any money, not much of a bank are you.
Ah the famous lizard people. Them who are never seen? The rothschilds are merely a front. The scaley bastard are tge ones who really run things. Puppet masters, ancient aliens, the enlightened etc...
Who prints the stuff? Or more accurately these days just presses a button and makes a wedge appear in an account? You're dying on your arse here, move on ffs.
What about bank. Are they a bank or do they just happen to share the name bank? They have money. Like other bamks they take your money and give you **** in return. So... Bank a bank or not a bank?
The social conformity on this board is funny but tragic. It's about the money folks not a currency name or who owns the building, it is just a front, those who own and control the money supply own the lot of you not just the BoE. Maybe Scotland would be better off without a currency Union in the longrun instead of dabbling in debt riddled Sterling. issuing their own debt free currency would be great but likely not to happen. Few years, stock up some oil, and the scot notes would rise well above the sterling with an oil surplus to back it up, heck even build an oil reserve fund like Norway who have 500 billion and are even buying up mayfair properties. Where's England's Oil fund? It's f**ing 0 Scotland could do much better than this austerity wrecked banking cleptocracy
That's hardly a BBC only phenomenon: http://www.scotlandnow.dailyrecord.co.uk/news/alex-salmonds-plan-share-pound-4193395 Most mainstream journos (and mainstream voters for that matter) probably have very little idea around the difference between independence and sovereignty. The BBC has been biased in some areas, but that's more an example of dumbing down than bias imo. The point still stands tho' - a currency union would be incompatible with full Scottish independence, because for every tax raising power we gained we would sacrifice any monetary powers and our economy would be tied to the monetary policy of the UK as the dominant partner in the currency. Any problems that hit the Scottish economy would be Greece times ten, as the UK would be 90% of the economy so wouldn't give a **** about changing interest rates to help the Scottish economy.
"the entire capital of the Bank" you plank. Capital = money. 97% of the UK's money supply is privately controlled by the big commercial banks, who borrow it from the BoE. Why else does the market interest rate rise and fall when the BoE changes its overnight rate? Economics 101
Seriously? A currency can't be debt ridden, it's a medium of exchange. Only an economic entity can be debt ridden. For what it's worth, I wholly agree that an independent Scotland should not under any circumstances enter into a currency union. I hold the opposite view to the nats - Salmond's advocacy of a currency union is pure populism. He knows he can't win if he admits Scotland wouldn't keep the pound so he pretends he does. The second a Yes vote comes in he will drop that policy, probably furiously blaming Westminster as he does for all problems in Scotland, and get to work on launching a Scottish currency. Hell he'll probably put his own face on the notes, then issue the billions in debt he will need to prop up his overblown promises to make Scotland a socialist utopia.
No it isn't though. A currency union is being ruled out because the BofE (and by the extension, the rest of the British taxpayers) are obliged to guarantee the liabilities of the banks operating within it (do you not remember RSB?). By all means argue that you can not have a currency union and retain sovereignty (being Irish, I'm surprised that you do), but don't try to imply that Westminster has ruled out a currency union as some act of spite, as they haven't. On your previous point re Robinson on the BBC, well not half, and Nick Robinson takes the Tory Party up his arse, full girth and without lubrication. I well remember last year's daily Mail row over Milliband's father and the c**t took the line of "how dare he take on the Tory press and the Establishment media - he'll f**ing regret this and we'll, sorry I meant the British public, will not forgive him for being so f**ing uppity". Even Peter Hitchens has frequently derided his pro-Cameron, anti Milliband cocksucking, and he despises the Beeb more than you. That said over the salmond malarkey, badly edited as it was, salmond doesn't even attempt to answer the question. Had I been salmond I'd have replied that I was an elected and accountable figure, unlike the chinless wonders of finance and big business who brought us the 2008 crash, but he's still trying to have a veneer of being friendly to big business when his sidekick Sillars is no blurting out that there'll be a day of reckoning of nationalisation for any non-Nat businesses that don't shut up. Doubt that applies to Murdoch though...
Scotland dropping the pount will have a negative effect on the pound. Immediately. There'll be less demand for it. As for liability, this problem seems to have been overcome for the entire European Union. I realy don't know enougb about the liabilility and that end of it though, I at no point professed to be an expert either, some of you come at me as if I have. "By all means argue that you can not have a currency union and retain sovereignty" ? I said you can be independence and have a currency union but you relinquish "some" sovereignty, because you obviously do not control your own currency. I also asume there are ways and means to mitigate liability in the event of "currency issues" in such a union, but again not sure because I don't have an economics degree. Currency should not be a decider for Scotland. They wouldn't be the first to break away and create their own currency and make it work. And yes I think if Scotland votes yes, there will be a massive softening of all the rhetoric and refusals. It is not in England's interests to not do so. So in part I think it is exactly trying to push through a no vote. You act as if such actions are beneath these people. it is certainly not
There are. You can beg the central bank to print more money to bail you out. Like Greece and Ireland did. Worked out great for them... And I can just imagine wee Eck going cap in hand to Cameron begging for money. Not political suicide north of the border at all, oh no. Agree on both these points, but not how you are arguing. Currency is not a decider for Scotland, and Salmond won't compromise on stuff like Trident or his grand socialist vision. So the softening of the rhetoric will come from his side - he will take a few months, pretend to negotiate, then announce that the UK is unreasonable and arrogant and Tory and evil and scaremongering and the rest, and that it is actually in Scotland's interest to have its own currency. Because it quite simply is. The only rhetoric and refusal in the currency debate is Salmond's refusal to acknowledge that an independent Scotland won't and shouldn't keep the pound, because he knows that such an acknowledgement would be a massive vote loser amongst the majority of people. It's just a shame that more Scots aren't politically and economically aware enough to recognise when the wool is being pulled over their eyes.
According to Carney himself So he is saying it could work, I mean who is he, only the head of the bank of England. Goes on to say As I was saying Donga, it's about the agreement, not a static stance. If Scotland vots yes, and I think it will be a no vote myself, then this deal CAN be hammered out, according to Carney, if Scotland makes the changes to make the deal work. It requires Scotland configure their sysem to make it adaptable to a currency Union and also provide built in protection on that liability you were talking about Note, sovereignty, and not what the BBC said, independence. An intentional sneaky rewording. BBC suggest that if Yes wins it is not possible, Carney is saying it is possible with the required changes on the Scottish side
There is zero political will for that to happen and the risk factor for England would make it a non starter, which is exactly what he's saying there.
Thanks, that's how I see it, 0 political will, given they cancelled PM question time to go campaign, which is why I said the outright refusal is because of the desire to prevent a yes vote But once a yes vote passes, I personally think it will be no by something ridiculous like 1%, due to the shredding of by post "anonymous" votes, but if it is somehow a yes, then that political will evaporates and the need for trade money and some say in Scotland's finanical environment will take over. I know yeah, how dare I even voice my opinion
How do you jump to that conclusion? I more than concede that Robinson is a biased, Tory-controlled ****. I also accept that the BBC is pro-union, though it's trying ever-so-hard to appear not to be (even gagging ken Bruce from expressing a pro-union thought, ffs). But everyone, on all sides of the debate, has been talking about the currency issue as, er, it's sort of vital re sovereignty for heaven's sake! And despite the BBC being more than counter-balanced by an army of cyber-geeks (no offence) who have utterly no responsibility or accountability towards what they say and propagate (MI5 have being throwing eggs and heckling pro-unionists, ffs ... surely it was the lizards again?) salmond has palpably lost this argument. Yes, he can move on and say it's not the most important thing, but don't deny that for a year he's said he'll get his way and now he has been shot down on that one. Fatally? Nah, cause it won't sway either side who's made up their mind anyway. And on the subject of bias and civilised debate, did you see the second televised debate? Look Sis (u), I still maintain (or did till I saw the hand of Murdoch on salmond's shoulder) that had I been scots I'd have probably voted yes, but it's ironic to talk about bias and unfairness after that car-crash. Darling comfortably won that first debate, so I watched the second expecting a salmond comeback and saw instead an episode of ****ing Jerry Springer. The yes camp just act like they're the fans at an old Firm game when any issues of currency and finance are discussed. And then the papers the next day - Salmond was the winner 'because he appealed to the audience's emotions). As I say, if I were a scot my heart would be saying yes, but my head would say that all the logical arguments and discussions have been more than won by the unionists, with or without the Beeb's help, even though a howling mob have tried to drown them out in person and in cyberspace.
