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So no pound for an independent Scotland

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 Topic moved: from Random Banter to Politics & Current Affairs by G (14 Feb 2014 - 20:56)
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Mr Calendar



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PostPosted: 12:25 - 13 Feb 2014    Post subject: So no pound for an independent Scotland Reply with quote

So the chancellor says if a Yes vote Scotland doesn't get to use the pound (as in GBP, pounds sterling, the money!).

BBC story - click here.

What will they use instead? Groats, chickens, cans of Tennents and bottles of Buckfast?
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Copycat73
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PostPosted: 12:27 - 13 Feb 2014    Post subject: Reply with quote

map wrote:


What will they use instead? Groats, chickens, cans of Tennents and bottles of Buckfast?


sheep sex slaves Very Happy

or

they could unilaterally continue to use the pound sterling.. but have no input on monetary policy... Thinking
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Mr Calendar



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PostPosted: 12:31 - 13 Feb 2014    Post subject: Reply with quote

Copycat73 wrote:
they could unilaterally continue to use the pound sterling.. but have no input on monetary policy... Thinking

At the risk of being really screwed. Interest rates might not help Scotland economy and the Banks up there might not be able to meet obligations.

So maybe a fire-sale? Do the Germans really want to buy Scotland after buying Greece?

That said I'm thinking the reaction of many Scots will be 'Screw you English, I'll vote Yes now'. This on the belief the English scum will bail them out if the worst does happen.
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Ste
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PostPosted: 12:37 - 13 Feb 2014    Post subject: Reply with quote

Predictable.

I can see oldpink and Saltire already fuming and suffering keyboard rage. Razz
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fatpies
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PostPosted: 12:46 - 13 Feb 2014    Post subject: Reply with quote

I don't get Salmond.

Why would you want to keep the pound anyway?

Starting a new currency is a chance for a new beginning.

If you take the pound then you essentially agree to the constant devaluation and also the ursury which is charged by the bankers on every £ on every transaction.


If I were Salmond I would resurrect debt free money, like Guernsey, Worgl and 1930s Germany.


However if Salmond did this Scotland would immediately be declared a terrorist nation and be invaded within days. I wouldn't rule out the use of nuclear weapons either as debt free money is such an incredible threat to the powers that be.


As the bankers rely on debt based money for their livelyhood, which is why Germany had to be crushed.
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Last edited by fatpies on 12:47 - 13 Feb 2014; edited 1 time in total
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mentalboy
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PostPosted: 12:47 - 13 Feb 2014    Post subject: Re: So no pound for an independent Scotland Reply with quote

map wrote:

What will they use instead? ... bottles of Buckfast?


Probably not this, it's ours, all ours!
(And if wee Scotty can't use his giro to buy any more it will be the biggest disaster to hit Devon since pasties were declared Cornish Rolling Eyes )
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Rogerborg
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PostPosted: 12:49 - 13 Feb 2014    Post subject: Reply with quote

The Scotch can use any currency they like, and call it anything that they like. They already do, and have banks that print their own notes, which some Englanders will accept, and some won't.

So, no big change there. The only real issue is whether Jockpound could stay pegged to Bank of English sterling, and whether Englanders will contine to accept (or refuse) it at 1:1.

In practice, this will be a matter for the banks, Westminster, Whitehall, Holyrood and the man driving the taxi stuck behind the Clapham omnibus to decide, not whomever the Chancellor-of-the-month happens to be at some point in the future.
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mentalboy
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PostPosted: 12:51 - 13 Feb 2014    Post subject: Reply with quote

fatpies wrote:
I don't get Salmond.

Why would you want to keep the pound anyway?

Starting a new currency is a chance for a new beginning.

If you take the pound then you essentially agree to the constant devaluation and also the ursury which is charged by the bankers on every £ on every transaction.


If I were Salmond I would resurrect debt free money, like Guernsey, Worgl and 1930s Germany.


However if Salmond did this Scotland would immediately be declared a terrorist nation and be invaded within days. I wouldn't rule out the use of nuclear weapons either as debt free money is such an incredible threat to the powers that be.


As the bankers rely on debt based money for their livelyhood, which is why Germany had to be crushed.


Which all makes starting a new currency somewhat difficult. Just where does 'new money' come from if not through debt creation?
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fatpies
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PostPosted: 12:51 - 13 Feb 2014    Post subject: Re: So no pound for an independent Scotland Reply with quote

map wrote:


What will they use instead? Groats, chickens, cans of Tennents and bottles of Buckfast?



Why are those a bad thing?

All of the above have intrinsic and utility value.

Fiat currencies (and gold for that matter) have no value other than that which is placed by conditioning and laws.

Conditioning and laws mean violence.


The old experiment is I give you a bit of paper which says ten groats. What is the value of the government paper vs my bit of paper?

Faith which is enforced by violence.


While I can eat a chicken, drink tennets lager.


Germans used labour treasury bonds.
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thepuma
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PostPosted: 12:53 - 13 Feb 2014    Post subject: Reply with quote

Good...f*ck em....let them have the Euro. Or the 'groat' would be more apt. Laughing

or even Dollar.....or should I say dole-er...lol
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Ste
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PostPosted: 12:57 - 13 Feb 2014    Post subject: Reply with quote

thepuma wrote:
Good...f*ck em....let them have the Euro. Or the 'grote' would be more apt. Laughing

The EU doesn't want them. The rest of the UK doesn't want them.

Should be amusing if they do go independent, maybe Iceland would let them join their currency. Mr. Green
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Saltire
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PostPosted: 12:59 - 13 Feb 2014    Post subject: Reply with quote

map wrote:

That said I'm thinking the reaction of many Scots will be 'Screw you English Politicians, I'll vote Yes now'. This on the belief the English scum will bail them out if the worst does happen.


FTFY

I like the idea of trading in Tennants though. You should take that to Salmond.

https://www.thedailymash.co.uk/news/science-technology/independent-scotland-will-not-be-allowed-to-use-british-oxygen-2014021283498

On a semi-serious note, it's showering us with pleas to stay and then switching back within a week to scare tactics that certainly doesn't increase my trust in Westminster.

It's rather amusing.
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mentalboy
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PostPosted: 13:00 - 13 Feb 2014    Post subject: Reply with quote

And whilst I'm on the subject of Buckie. If English MP's really wanted to guarantee a No vote they'd find a way to stop the supply before September. Laughing
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BenchWench
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PostPosted: 13:08 - 13 Feb 2014    Post subject: Reply with quote

The only thing I care about is if they do leave the English stop paying for them to go to Uni for free OR stop them for getting student loans if they do get in for free.

I have a lot of Scottish mates who went to Uni and got student loans even though they didn't have to pay for their Uni fees and put it into savings accounts and have brought a house with it.

It just grinds my gears that that money comes from my taxes.
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Mr Calendar



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PostPosted: 13:09 - 13 Feb 2014    Post subject: Reply with quote

Rogerborg wrote:
...the man driving the taxi stuck behind the Clapham omnibus...

I see what you did there. Subtle and it'll go over a few heads Wink

I'm just wondering if they'll charge for use of the lovely roads north of Perth using something like the Swiss vignettes system.

As to Buckfast I'm also thinking there will be some interest in doing 'moonshine' runs over the border. Plenty of backroads around Carlisle for example Wink Very Happy

Saltire wrote:
...certainly doesn't increase my trust in Westminster...
So no change there, you just have to be a normal person regardless of nationality not to have any trust in politicians. I mean, do you really, really expect a Scots politician (e.g. Salmond) to be 100% genuine, truthful, honest and not just in it for themselves and any different from the Westminster lot?

Thumbs Up



ref: for the curious see the man on the Clapham omnibus.
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Last edited by map on 13:14 - 13 Feb 2014; edited 1 time in total
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Eddie Hitler
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PostPosted: 13:13 - 13 Feb 2014    Post subject: Reply with quote

I thought only a couple of hundred people lived in Scotland. Surely they could organise a zombie type food vehicle to cross the border and raid us brits for essential supplies?

Heads up.

https://i.imgur.com/PLlUUKE.jpg
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map
Mr Calendar



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PostPosted: 13:17 - 13 Feb 2014    Post subject: Reply with quote

Eddie Hitler wrote:
... they could organise a zombie type food vehicle to cross the border and raid us brits for essential supplies?...

Thinking so I'm now thinking a Doomsday (as in movie) scenario.

Deprived of riding Scots roads, forced to go over the Channel and ride on Johnny Foreigner soil. It's a close call Wink
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hellkat
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PostPosted: 13:20 - 13 Feb 2014    Post subject: Reply with quote

Tablet should be the new currency.
Although unlike traditional gold, it would be difficult to resist eating.
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pinkyfloyd
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PostPosted: 13:26 - 13 Feb 2014    Post subject: Reply with quote

The impression I got from the whole debate is the Scots want to keep our strong (ish) economy with the retention of the pound but the British dont want to bail out Scotlands imminent collapse so want to get away from the same currency.
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_Will_
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PostPosted: 13:29 - 13 Feb 2014    Post subject: Reply with quote

They will be far better off without it, it's a chance for them to go decentralised and become one of the richest countries in the world based on Gdp per capita.

They will never be independent unless they are independent of others financial institutions.
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_Will_
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PostPosted: 13:29 - 13 Feb 2014    Post subject: Reply with quote

pinkyfloyd wrote:
Scots want to keep our strong (ish) economy



Laughing
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Andy_Pagin
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PostPosted: 13:37 - 13 Feb 2014    Post subject: Reply with quote

What would worry me if I was Scottish is the way the SNP just assumed they'd keep monetary union and EU membership with out actually asking anyone!
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Ste
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PostPosted: 13:46 - 13 Feb 2014    Post subject: Reply with quote

Keep EU membership? Scotland isn't a member of the EU; the United Kingdon is and if Scotchland goes independent then they can try and join the EU but that might not go according to what they're assuming.

https://www.bbc.co.uk/news/uk-scotland-scotland-politics-25965703
https://www.bbc.co.uk/news/uk-scotland-scotland-politics-25766090
https://www.telegraph.co.uk/news/politics/10479461/Spanish-PM-Independent-Scotland-would-be-out-of-the-EU.html
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Saltire
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PostPosted: 13:47 - 13 Feb 2014    Post subject: Reply with quote

map wrote:
Rogerborg wrote:
...the man driving the taxi stuck behind the Clapham omnibus...

I see what you did there. Subtle and it'll go over a few heads Wink

I'm just wondering if they'll charge for use of the lovely roads north of Perth using something like the Swiss vignettes system.

As to Buckfast I'm also thinking there will be some interest in doing 'moonshine' runs over the border. Plenty of backroads around Carlisle for example Wink Very Happy

Saltire wrote:
...certainly doesn't increase my trust in Westminster...
So no change there, you just have to be a normal person regardless of nationality not to have any trust in politicians. I mean, do you really, really expect a Scots politician (e.g. Salmond) to be 100% genuine, truthful, honest and not just in it for themselves and any different from the Westminster lot?

Thumbs Up



ref: for the curious see the man on the Clapham omnibus.


Well lets put it this way, the wee 'South-East' bubble of betterness will clone itself and slide it's way up over the border. How people even in the north of England can't be pissed at this I'll never know... truth is most of them are, but instead of be like 'yeah man, I dig why you want independence from this treatment, unfortunately we don't have that option though so you shouldn't leave or it'll make this area of England even worse off than the South-East'.

If the No campaign came to us with less false or assumed outcomes to independence and more of the simpler 'better together' approach it'd have more of a chance of swaying me. But like someone else said, when you see this petty shit where they are planning on teaming up to prevent Scotland keeping the pound, the MOD getting involved and trying to push firms to vote no... it's not actions of a Government I want to be under.

Anyway take this as a universal observation.

https://www.independent.co.uk/incoming/article8938675.ece/ALTERNATES/w460/Uswitchworstplace+-+Copy.jpg

Notice all the areas in Southern England that are listed.
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Ste
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PostPosted: 13:55 - 13 Feb 2014    Post subject: Reply with quote

Isn't the yes campaign based on false or assumed outcomes?

Petty shit like teaming up to prevent Scotland keeping the pound; do you even understand what independence mean? Picking and choosing what parts of being in the UK to keep and what parts not to keep isn't being independent.

And currency is a pretty important point, hardly describable as petty.

And that diagram says that the standard of living in the UK will dramatically increase if we let Scotland go and fail on it's own. Mr. Green
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