Scottish Independence, yay or nay?

[Guest davelfc]

In fact, if you look it's only dropped to the level it was four months ago. https://www.google.com/search?q=sterling+to+dollar+exchange+rate&gws_rd=ssl

 

The dollar could also be strengthening for other reasons, like the chance of impending wars and shit like that.[/

It's only down a few cents, unless you are trading huge volumes of cash, that small pecentage will not make a big difference.

 

10 cents on what I got my cash for, paypal exchange even worse. It's not worth putting cut n paste from the net to help justify some reasoning that I'm not interested in. But thanks.

[Frankenhooker]

Saltire flying above Downing St. Mental.

[Paisley Red]

Saltire now being raised above 10 Downing Street. Game changer!

[Mook]

Where is Malcolm Tucker when you need him eh?

[stringvest]

One of my friends works for RBS, accounts are being closed and transferred south at an alarming rate, the lack of publicity is to prevent a run on the Scottish banks, but I can't see that lasting.

 

This could become very interesting.

 

This is patent bollocks.  What would happen if the UK left the EU?  Would all the lights go out?  or would we continue to have our power supplied by foreign owned companies?  Would the trains stop running?   

[mattyq]

Where is Malcolm Tucker when you need him eh?

He's taken time out from politics and is now saving the universe under his nom de plume, Dr who

[stringvest]

RBS of course could choose to cease operations in Scotland, opening the door for a brand new Scottish bank.  

 

Xerxes.  

[Paisley Red]

Where is Malcolm Tucker when you need him eh?

I'm half expecting Cameron, Miliband and Clegg to be wearing kilts and See You Jimmy hats when they come up tomorrow. .

[Dr Nowt]

He's taken time out from politics and is now saving the universe under his nom de plume, Dr who

 

I'm love an amalgamation of the two.  Dr Who The Fuck Do You Think You're Speaking To?

[Jairzinho]

I'm love an amalgamation of the two.  Dr Who The Fuck Do You Think You're Speaking To?

 

I hope he's there to welcome the Cameron, Miliband, and Clegg.

 

Come the fuck in or fuck the fuck off.

[Sugar Ape]

This is patent bollocks. What would happen if the UK left the EU? Would all the lights go out? or would we continue to have our power supplied by foreign owned companies? Would the trains stop running?

That is not a fair comparison. We have our own currency. What would happen if Greece or Ireland left the EU is a better question.

[Paisley Red]

In fact the Saltire isn't flying above Downing St yet; it fell down as they tried to raise it. Are we living through a live episode of 'The Thick Of It' right enough?

[Nunavut Patrick]

Saltire now being raised above 10 Downing Street. Game changer!

 

It's right from the Panic Stations Playbook.

 

Love hwo Credit Suisse predicts a deep recession, like rhe one all the EU was in with the exceptipn of the Germans.

[Nunavut Patrick]

That is not a fair comparison. We have our own currency. What would happen if Greece or Ireland left the EU is a better question.

The right wing nutters would take over in Greece. They'd run all the newcomers out and then realize the only industry they have that functions is tourism and there is no one to cook and clean for all tourists.

 

For Ireland, they'd just all fuck off to Boston when the EU money dried up.

[stringvest]

I hope he's there to welcome the Cameron, Miliband, and Clegg.

 

Come the fuck in or fuck the fuck off.

 

Be brat if there was a big door; they knock and someone like Robbie Coltrane opens it and says "YES?  WHAT THE FUCK DO YOU WANT?"

[stringvest]

That is not a fair comparison. We have our own currency. What would happen if Greece or Ireland left the EU is a better question.

 

Nah.  Scotland at the moment could be financially independent.  Greece and Ireland are completely fucked.  

[Paisley Red]

Scottish independence, UK dependancy:

 

http://www.neweconomics.org/blog/entry/scottish-independence-uk-dependency

[mattyq]

Nah.  Scotland at the moment could be financially independent.  Greece and Ireland are completely fucked.  

I disagree, Stringy

Scotland would eventually become financially independent and, i'm sure, very successful like Ireland before the crash

They'll be fucked for a generation before that

[Jairzinho]

Be brat if there was a big door; they knock and someone like Robbie Coltrane opens it and says "YES?  WHAT THE FUCK DO YOU WANT?"

 

With a scantily clad Kirsty Young under one arm, and Kirsty Wark under the other. Then Sam Torrance and Colin Montgomerie leap over their heads and tee off on those twats.

[Spy Bee]

It's not worth putting cut n paste from the net to help justify some reasoning that I'm not interested in. But thanks.

Sorry for pasting a link to a graph tracking the currency rate. I really do hope you will forgive me. I didn't realise sir wouldn't be interested!

 

Fucking hell!

[Sugar Ape]

The right wing nutters would take over in Greece. They'd run all the newcomers out and then realize the only industry they have that functions is tourism and there is no one to cook and clean for all tourists.

 

For Ireland, they'd just all fuck off to Boston when the EU money dried up.

Probably! A certain amount of hyperbole is creeping into the conversation now though. There has been some good discussion on this thread the last couple of weeks or so, the last few days since it's been in the headlines more it's gone downhill.

 

" Its better to die on your feet than live on your knees " is something you said. Is that what's really happening here? Come on.

 

I saw someone saw fuck Mark carney the other day. While I broadly agree with the sentiment, an independent Scotland would be using a currency controlled by him with even less consideration towards them than they get now.

 

Stringy, I think you're burying your head in the sand over a lot of issues. The people living in Scotland on here are sound and know the risks but think it's worth taking anyway. I understand and respect that. Just saying they don't need the pound and everything would be fine if big chunks of their financial sector moved South is being naive in the extreme in my opinion.

 

It's going to cost jobs, it's going to mean a rise in mortgage payments etc... again, if you think that's a risk worth taking then to for it and I hope it works out. Denying the risk exists isn't doing anyone any favours though.

 

I'm trying this on my phone so apologies for any typos etc...

[mattyq]

Scottish independence, UK dependancy:

 

http://www.neweconomics.org/blog/entry/scottish-independence-uk-dependency

Good article

the rest of the UK would be fucked as well...great

[Spy Bee]

Good article

the rest of the UK would be fucked as well...great

You seem to me to be just taking on board the things that confirm your thoughts, and more pertinently your fears. There are lots of reasons to be optimistic for Scotland too, but you are happy to dismiss them.

 

It's really impossible to predict what would/will happen, but I think I'd be voting yes if I was Scottish. 

[stringvest]

I disagree, Stringy

Scotland would eventually become financially independent and, i'm sure, very successful like Ireland before the crash

They'll be fucked for a generation before that

 

I don't see it.  You're discounting the huge surge in SMEs which will rise up to support the local economy.  Imagine being able to close tax loopholes for individuals and businesses?  You don't want to pay your way Starbucks?  Then you're not getting in.  Fuck off.  What about you, Murdoch?  

 

New banks, new industries, flexibility in providing incentives to persuade large foreign manufacturers to invest in Scotland, reduced dependence on trade deals with disreputable regimes etc etc.  

 

Scotland could easily borrow money for the transition phase at very reasonable rates through its oil revenues.    Ireland's fate was tied in to the fate of the EU.  Scotland's won't be to anywhere near the same degree.  

[stringvest]

Probably! A certain amount of hyperbole is creeping into the conversation now though. There has been some good discussion on this thread the last couple of weeks or so, the last few days since it's been in the headlines more it's gone downhill.

 

" Its better to die on your feet than live on your knees " is something you said. Is that what's really happening here? Come on.

 

I saw someone saw fuck Mark carney the other day. While I broadly agree with the sentiment, an independent Scotland would be using a currency controlled by him with even less consideration towards them than they get now.

 

Stringy, I think you're burying your head in the sand over a lot of issues. The people living in Scotland on here are sound and know the risks but think it's worth taking anyway. I understand and respect that. Just saying they don't need the pound and everything would be fine if big chunks of their financial sector moved South is being naive in the extreme in my opinion.

 

It's going to cost jobs, it's going to mean a rise in mortgage payments etc... again, if you think that's a risk worth taking then to for it and I hope it works out. Denying the risk exists isn't doing anyone any favours though.

 

I'm trying this on my phone so apologies for any typos etc...

 

I'm not burying my head in the sand over any of it, or at least I hope not.  

 

Remaining allied to the pound in the long term would be a complete mistake imo.  Without financial independence, or at least negotiating any association under your own terms, you are destined to fail.  In Sotland's case, they would be far better to align with the Euro.