Well I guess in that case we can agree no one is neutral and we should just make our own decisions. I know I have.
This is Berwick Station.All Englishmen need to have their passports and visas handy.Thank you for visiting Bonnie Scotland!
I honestly don't know, but it's not really up to Salmond on his own to make that decsion, that would be a matter for a vote in the Scottish Parliament. I suspect - but i'm not certain = that he probably could get a majority vote and gain support from all parties. If it were up to me, and Westminister refused to grant any concessions, you can bet I would.
"Do you believe salmond will go as far to refuse the debt?" Why not ?? If they believe they will never need to borrow from the markets because their economy will be such a beast, then the poor national credit ratings Moodys et al are likely to impose, becomes a moot point.
It would be idiocy to do so. An independent Scotland will need it's own credit rating. Starting by defaulting on debt, will just ensure that Scotland is shunned by lenders and businesses alike.
And you believe Salmond would be dumb enough to take that risk?? It wouldn't just be potential lenders who were spooked!...
"And you believe Salmond would be dumb enough to take that risk??" The man who made the "Harvard" speech is no doubt quite capable of doing very dumb things.
Hello again.I got the chop,I think by a hacker.I called the not 606 people and they said they hadn't done it! It said "banned forever!". I wasn't that bad.....was I?
The argument is over the currency union, which just ain't going to happen. Nor, in the event of a Yes victory, will Salmond default on debt. Not if he hasn't gone completely barmy, he won't. What must be understood is that a credit rating doesn't just affect that country itself. No bank in that country will have a higher rating than that country's rating, as it is presumed that the central bank is standing behind their major banks as lender of last resort. So, if Scotland received a highly unfavourable credit rating, due to a default for instance, then the ratings of it's major banks would also be reduced in line.
I missed you when one or two 'old timer' threads were running and you didn't participate. Anyway, glad your back with us! C O Y S
Thery're going to need to borrow a substantial amount just to get the country up and running and independent, if they don't take a share of the debt, they haven't got the tens of billions of reserves which it will take to get the necessary infrastructure, systems etc in place... or are the Brits going to be funding that too? It's all very well having a fifty year supply of oil, but it's fifty years for a reason, that's not instantly accessible capital.
[video=youtube;SNBLnkDawp8]https://www.youtube.com/watch?feature=player_embedded&v=SNBLnkDawp8[/video]
[video=youtube;pEFBGpSOJ7c]https://www.youtube.com/watch?v=pEFBGpSOJ7c&feature=player_embedded[/video]
"Your private pension will be unaffected by independence" Well, it will, when your having to draw it from a different currency
