What do you all think about this? o/t

[Jackerini]

Scotland prints and issues what are effectively promissory notes. Every pound issued by RBS, Clydesdale or BoS is backed by Bank of England pounds held in their vaults.
Scotland issues it's own bank notes it does not create it's own money.

The currency issue has been rubbished by the SNP because they have no answer to the question. Darling pushed it one too many times on the TV debates and lost the impetus.

The currency issue is not about who prints the bank notes ffs. It is about the value of the money in your pocket and the cost of credit.
Financial institutions and economists have already said that a smaller economy with no firm agreements or national bank is a riskier economy. In riskier markets Banks and lenders increase the cost of borrowing.

Mortgage rates, credit card interest rates and loan interest rates will go up. You can't offset that with SNP's wishfull thinking. This is not just a political issue, it's driven by market forces and private institutions.
Higher risk = higher cost.

Salmond announcing that the rest of the UK need to allow a currency union because it is backed by a "mandate from the people of Scotland" doesn't address the fact that the UK government have a mandate from the people of the rest of the UK - why would they want to re-engage with a smaller, riskier economy and place the Bank of England behind it as the lender of last resort ? It makes no sense.

Despite all of Salmond's bluster and claims that (in his world) negotiation means he gets everything he wants, look at what the markets did this week when polls suggested the Yes campaign might win.

yes either way its going to effect us (england) in a major way, the markets shot down and would do if scotland left a currency union might be the best way for the pound to stop decreasing

 

[TankMarvin]

A guy cant be facetious on the internet. .


The currency issue is as I said later. One to be negotiated. It is also a very short term problem for a long term issue.

I thought the entire Yes campaign was based on being facetious and coming back to it later.

 

[Uni_Mackem_MAHons]

I thought the entire Yes campaign was based on being facetious and coming back to it later.

Rather than a no campaign bein patronising to the point of insult.

Not to mention negative and offering little hope.

 

[Billy Death]

A yes vote is not an endorsement of Salmond.

It is an endorsement of a future in which scotland is governed the people who live here.

Scotland will be around a lot longer than salmond. It will be around a lot longer than any of us too.

I will be voting yes. And I have no qualms about it.

**** off student puffta.
I hope you rot in your own sewage.
Sweaty sock Aberdonian ****wit.
The granite city, aye right.

 

[Uni_Mackem_MAHons]

A yes vote is not an endorsement of Salmond.

It is an endorsement of a future in which scotland is governed the people who live here.

Scotland will be around a lot longer than salmond. It will be around a lot longer than any of us too.

I will be voting yes. And I have no qualms about it.

**** off student puffta.
I hope you rot in your own sewage.
Sweaty sock Aberdonian ****wit.
The granite city, aye right.

Huns are all the same.

Every day im thankful Im not invloved with that joke of club.

And thats not sectarian. Rangers are just ****s.

 

[TankMarvin]

Rather than a no campaign bein patronising to the point of insult.

Not to mention negative and offering little hope.

Whereas Salmond hopes we get a currency union, hopes there's enough oil under the sea, hopes it economically viable to extract it, hopes the EU membership application doesn't get vetoed by any number of members, hopes the close to 8,000 lost military jobs aren't noticed, hopes the UK MOD decides it's going to build ships in a foreign country after all (not going to happen), hopes university research grants from UK research councils (EPSRC, NERC, MRC, etc) don't stop (they will), hopes that when he keeps comparing Scotland to Norway no one points out the 25% VAT rate (20% in UK), 15% on groceries (0% in UK), 36% standard Income Tax Rate (20% in UK).

 

[Blunham Mackem]

EU we would have to apply for. But I would rather that then having a tory govt take scotland outbofbthe EU because the South East says so.

Armed forces would be cut back on simply because a large standing army isnt required anymore.

The Health service is a seperate entity anyways
Scotland decides its own health policy as it stands now. Independence means control of the budget too.

As for currency. Scotland prints its own money anyways.

Basing a decision on a what if it goes wrong scenario is just basic fear mongering.

It isn't about printing mate, its about an independent Scotland having its monetary and fiscal policy decided by another's central banking sysytem, i.e. ours. You'll be attempting to fix the value of your currency to ours so whether you like it or not, you'll still have no control over your currency, whatever it ends up as. This is the question that Salmond can't and won't answer.

If you don't fix your currency to ours and it floats, you could see capital flooding out of your country and your currency devalued.

Divorces are messy mate - there are usually no winners. I just see us both losing.

 

[MrRAWhite]

Finland is much bigger than Scotland and has the same population.

They arent 'expected' to take more immigrants. Abd even if that were the case. It wouldnt bother me.

I have no problem with immigration per se, but what we have witnessed in most cities in England over the last 20 years is immigration without integration, which has created a mosaic of separate communities based on both religion and historic nationality. This is what is causing many of the racial problems, and what government needs to urgently address..

 

[Billy Death]

Huns are all the same.

Every day im thankful Im not invloved with that joke of club.

And thats not sectarian. Rangers are just ****s.

You are a typical student, judgmental, pathetic & hypocritical.
And for someone who has MA Honours your English is appalling.

 

[Blunham Mackem]

Salmond knows he can't win the economic argument because he doesn't have one that stands up to scrutiny.

Hoping things will be okay doesn't mean they will be. The only people being conned at the moment are those who believe there'll be no impact on the scottish economy.

And as for negotiations after the vote, which there'll have to be either way, if it's a YES vote don't expect the UK government to be fair. Why should it be? You want to leave, leave, but don't expect lunch money and a map of the future.

 

[Uni_Mackem_MAHons]

So long as Westminster persists with a neo liberal, thatcherite economic model scotland will suffer.

Although countries like Norway have higher tax etc. They also have more equitable societies. Morebjust employment law and a higher standard of living.

 

[Blunham Mackem]

So long as Westminster persists with a neo liberal, thatcherite economic model scotland will suffer.

Although countries like Norway have higher tax etc. They also have more equitable societies. Morebjust employment law and a higher standard of living.

Haway uni man, you can't be both neo-liberal and thatcherite!

 

[Uni_Mackem_MAHons]

Huns are all the same.

Every day im thankful Im not invloved with that joke of club.

And thats not sectarian. Rangers are just ****s.

You are a typical student, judgmental, pathetic & hypocritical.
And for someone who has MA Honours your English is appalling.

Graduated MA hons actually.

And I apologise if my tying on my phone isnt up to your standards.

 

[Billy Death]

So long as Westminster persists with a neo liberal, thatcherite economic model scotland will suffer.

Although countries like Norway have higher tax etc. They also have more equitable societies. Morebjust employment law and a higher standard of living.

What did you do at uni?
Yet more piss poor spelling/grammar.
Obviously wasn't English as you're ****e at it.

 

[Uni_Mackem_MAHons]

So long as Westminster persists with a neo liberal, thatcherite economic model scotland will suffer.

Although countries like Norway have higher tax etc. They also have more equitable societies. Morebjust employment law and a higher standard of living.

Haway uni man, you can't be both neo-liberal and thatcherite!

Neo liberalism is the pinnnacle of thatcherism. Its the doctrine of Reagan and freedman. Its an ideology based purely.on the pursuit of wealth. Knowing the cost of everything and the value of nothing.

 

[Thewall]

Presumably England will reduce its EU payments accordingly and Scotland will be happy to take up the slack?

Will we be able to vote on whether to allow them into the Commonwealth?

 

[Uni_Mackem_MAHons]

So long as Westminster persists with a neo liberal, thatcherite economic model scotland will suffer.

Although countries like Norway have higher tax etc. They also have more equitable societies. Morebjust employment law and a higher standard of living.

What did you do at uni?
Yet more piss poor spelling/grammar.
Obviously wasn't English as you're ****e at it.

Not that its any of your business. Politics and International relations

 

[TankMarvin]

So long as Westminster persists with a neo liberal, thatcherite economic model scotland will suffer.

Although countries like Norway have higher tax etc. They also have more equitable societies. Morebjust employment law and a higher standard of living.

I'm asking because I don't know; in what way is Norway's employment law more just ? And if it is more just, does that make up for any of the economic uncertainty which has not been addressed by the Yes campaign ?

It's not a case of "although they have higher tax [...] they also have a higher standard of living". They have a higher tax because they need to in order to fund the higher standard of living.

 

[Billy Death]

Not that its any of your business. Politics and International relations

Oh well shut that door you little Henry Kissinger.

 

[Thewall]

[QUOTE

It's not a case of "although they have higher tax [...] they also have a higher standard of living". They have a higher tax because they need to in order to fund the higher standard of living.[/QUOTE]

............and they are a very wealthy country.