Scottish Referendum / Independence - Vol 5
Discussion
McWigglebum4th said:
fluffnik said:
I don't care what brings an end to the Union, just that it ends, which is a win for all. 
How many dead is a price worth paying to end the union?I was saying that I'd be just as happy for England(incorporating Wales(with NI) to vote to end the Union, as should have been clear from the context...
fluffnik said:
McWigglebum4th said:
fluffnik said:
I don't care what brings an end to the Union, just that it ends, which is a win for all.
How many dead is a price worth paying to end the union?I was saying that I'd be just as happy for England(incorporating Wales(with NI) to vote to end the Union, as should have been clear from the context...
As while you feel it is a little game in your soft and fluffy world outside of planet fluff people will die because of your little games
Not sure pensioners will die as the Scottish government could print money or borrow it etc and could cut in other areas if needed but the point .f a financial crisis bringing Scotland to its knees is true as an independent nation it could not support its own banks who wouldllikely be forced to relocate to England and thus losses if jobs in Scotland would follow. Oil firms based in Scotland (head quartered there) would find investment harder tp come by and thus smaller wells would be less viable without government grants which would be harder to fund if you're borrowing anyway to keep pensioners alive.
Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
Gecko1978 said:
Not sure pensioners will die as the Scottish government could print money or borrow it etc and could cut in other areas if needed but the point .f a financial crisis bringing Scotland to its knees is true as an independent nation it could not support its own banks who wouldllikely be forced to relocate to England and thus losses if jobs in Scotland would follow. Oil firms based in Scotland (head quartered there) would find investment harder tp come by and thus smaller wells would be less viable without government grants which would be harder to fund if you're borrowing anyway to keep pensioners alive.
Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
Assume you mean with its own currency as iScptland wouldn't be able to print any other countries currency. Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
Gecko1978 said:
Fluff calls the uk leeches where as in fact he should show some gratitude
Don't expect gratitude from a man who seems to spend all his time digging up cod facts to support what a victim he and his fellow Scots have been at the boot of the English oppressors. It is quite clear from his numerous posts that any price is worth paying to get independence. Of course that price may have to be paid by the shipbuilders, banking staff and ex central Government employees - but hey us SNP supporters should get to suck on the teat of Salmond/Sturgeons spending policies. So for gratitude substitute resentful racism and you may be getting warm. Gecko1978 said:
Not sure pensioners will die as the Scottish government could print money or borrow it etc and could cut in other areas if needed but the point .f a financial crisis bringing Scotland to its knees is true as an independent nation it could not support its own banks who wouldllikely be forced to relocate to England and thus losses if jobs in Scotland would follow. Oil firms based in Scotland (head quartered there) would find investment harder tp come by and thus smaller wells would be less viable without government grants which would be harder to fund if you're borrowing anyway to keep pensioners alive.
Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
The Scottish government won't be able to "print money" without control of a currency and a central bank - that's the whole problem with no currency union. They will have to borrow on the markets at what will be eye-watering rates of interest.Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
Wombat3 said:
Gecko1978 said:
Not sure pensioners will die as the Scottish government could print money or borrow it etc and could cut in other areas if needed but the point .f a financial crisis bringing Scotland to its knees is true as an independent nation it could not support its own banks who wouldllikely be forced to relocate to England and thus losses if jobs in Scotland would follow. Oil firms based in Scotland (head quartered there) would find investment harder tp come by and thus smaller wells would be less viable without government grants which would be harder to fund if you're borrowing anyway to keep pensioners alive.
Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
The Scottish government won't be able to "print money" without control of a currency and a central bank - that's the whole problem with no currency union. They will have to borrow on the markets at what will be eye-watering rates of interest.Now the above is scaremongering for sure but its realistic in the event of another global down turn. If you want to see evidence of this sort of thing look at the supermarket looting I. Spain during the crisis or the half built projects in dubai. Both nations were wealthy but couldn't manage alone during the crash Spain got aid from Europe and dubai from Abu dhabi just like Scotland (banks) did from the UK.
Fluff calls the uk leeches where as in fact he should show some gratitude
Gecko1978 said:
Sorry if not clear I assume they will have there own currency as CU using sterling is not going to happen an nore will they have the euro. So a new currency it is. Not that its going to be a yes anyway.
But if they doubled the amount of money in circulation, each groat would be worth half as much. Pensioners would still die.davepoth said:
Gecko1978 said:
Sorry if not clear I assume they will have there own currency as CU using sterling is not going to happen an nore will they have the euro. So a new currency it is. Not that its going to be a yes anyway.
But if they doubled the amount of money in circulation, each groat would be worth half as much. Pensioners would still die.Axionknight said:
AstonZagato said:
People said that casting Mel Gibson as a Scotsman in Braveheart was ridiculous.
But look at him now: a drunken racist.
O lawd, Frankie Boyle, is that you? But look at him now: a drunken racist.
I heard mine from a Scottish workmate, but with the butt of the joke being aimed at the English, :P
We went to see him a few years ago, t'was awesome.Gecko1978 said:
davepoth said:
Gecko1978 said:
Sorry if not clear I assume they will have there own currency as CU using sterling is not going to happen an nore will they have the euro. So a new currency it is. Not that its going to be a yes anyway.
But if they doubled the amount of money in circulation, each groat would be worth half as much. Pensioners would still die.Increasing the amount of money in circulation would tend to be inflationary, but it does depend on the circumstances, QE is essentially about creating more money and has been done very successfully in recent years with the BoE creating pounds and buying the UK's own debt to put that into the banking system without creating an inflationary situation (at least not yet!). As a result there is now about £370billion of the the UK's own debt owned by the BoE.
All of which is why you need a respected and credible central bank, market confidence matters a lot, but so does a respected currency. iScotland having it's own is the only sensible way but it's questionable how you get there. The groat or whatever would, on day one, suffer capital flight. Why would you keep money in groats whilst you have no idea what is to happen with it?
Everyone in Scotland who owes money owes it in sterling, why would they convert to groats? The lender would run a mile from doing that so you could have most of Scotland earning in groats and paying interest in sterling with the amount changing with every move of the exchange rate. Sounds lethal to me if you have a mortgage.
HenryJM said:
Everyone in Scotland who owes money owes it in sterling, why would they convert to groats? The lender would run a mile from doing that so you could have most of Scotland earning in groats and paying interest in sterling with the amount changing with every move of the exchange rate. Sounds lethal to me if you have a mortgage.
Which is pretty much what happened in Hungary, when the Austrian banks rushed to lend Hungarians euros whilst all the mortgage payers were paid in forints.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff