Scotland Debate

[stevie_r]

http://archive.is/l5TMI

and re-iterated just last week Labour grandee and the worlds bitterest man, Dr Michael Kelly

Thanks for that mate, hadn't heard or seen that

 

[Old Skier]

Thanks for that mate, hadn't heard or seen that

But it does not say they cannot be members of NATO, just if they weaken NATOs ability to use bases in Scotland then this coud be an option. Or is it so early I missed a bit.

Not raining so off to play a few holes

 

[ger147]

I simply cannot believe that if Scotland votes Yes, we won't be allowed into the Eurovision Song Contest. That really is the last straw!!!

 

[SwingsitlikeHogan]

I simply cannot believe that if Scotland votes Yes, we won't be allowed into the Eurovision Song Contest. That really is the last straw!!!

Scotland would be welcomed with open arms - just promise to send along a current day Andy Stewart singing 'Donald Where's Your Troosers' and wearing a kilt - you would be in.

 

[ger147]

And then there's sport - no more Champions League football at Celtic Park and Davie Moyes would need to apply for a work permit. On current form I can see that application being rejected.

 

[Aztecs27]

http://newsthump.com/2014/02/17/ale...ery-right-to-use-gym-hes-no-longer-member-of/

 

[Doon frae Troon]

I see Cleggy is playing footsy with the socialists now. What a tart.

 

[Old Skier]

I see Cleggy is playing footsy with the socialists now. What a tart.

Never going to get in. Surprised he hasn't thrown his hat on with Salmond to be honest.

 

[Hobbit]

The EU would welcome Scotland with open arms... all that oil revenue to prop up their failing banks.

Could they keep the pound? They can call it what they want. Egypt kept the pound... it just wouldn't have the backing of the BoE. But do they need that backing, with all the oil revenue?

Does the Rest of the UK need the oil revenue that much? England has its own oil field right in the middle of London,the finacial sector. Its the financial sector that provides almost as much revenue as the oil, and unlike the oil field it isn't likely to run out all that soon.

 

[SocketRocket]

The EU would welcome Scotland with open arms... all that oil revenue to prop up their failing banks.

Could they keep the pound? They can call it what they want. Egypt kept the pound... it just wouldn't have the backing of the BoE. But do they need that backing, with all the oil revenue?

Does the Rest of the UK need the oil revenue that much? England has its own oil field right in the middle of London,the finacial sector. Its the financial sector that provides almost as much revenue as the oil, and unlike the oil field it isn't likely to run out all that soon.

Who will be the lender of last resort to them though? If Scotland created their own money supply then who would be confident that it would retain its value in the future? If the Scottish Money did not hold such confidence then it would be subject to high inflation.

If I was Scottish I would need a clear understanding on these matters before I could start to make a decision on Independance.

 

[SwingsitlikeHogan]

Who will be the lender of last resort to them though? If Scotland created their own money supply then who would be confident that it would retain its value in the future? If the Scottish Money did not hold such confidence then it would be subject to high inflation.

If I was Scottish I would need a clear understanding on these matters before I could start to make a decision on Independance.

Who is the lender of last resort to 'the UK' at the moment and who would be for the rUK post a YES vote? Because I don't really know. Is is the European Central Bank; is it the IMF or is it the Bank of England?

 

[Doon frae Troon]

A scenario that no one seems to have thought about.
Scotland vote no because of threats to Pound, Europe, Nato, Eurovision, Champions League etc etc.
Next UK election Scotland votes tactically and returns 45 SNP UKMP's
Hung parliament. Anarchy in the UK

 

[SocketRocket]

Who is the lender of last resort to 'the UK' at the moment and who would be for the rUK post a YES vote? Because I don't really know. Is is the European Central Bank; is it the IMF or is it the Bank of England?

The Bank of England is and would be the Lender of Last resort to the Uk (r)

 

[SocketRocket]

A scenario that no one seems to have thought about.
Scotland vote no because of threats to Pound, Europe, Nato, Eurovision, Champions League etc etc.
Next UK election Scotland votes tactically and returns 45 SNP UKMP's
Hung parliament. Anarchy in the UK

Probably a Labour/SNP Parliament.

 

[Val]

So, just to recap, Scottish citizens will be removed from Europe,refused access to their currency,vetoed from joining NATO,not have sufficient defence forces to protect our borders from rampaging terror cells,have the economic output of Albania,have sections of the upper clyde partitioned and have border controls in place between Scotland & England..

Not strictly true as a Scottish nation has never had this in the first place, however the UK has this of which Scotland are part of.

Making it easy, it's a bit like renting a fully furnished house and moving out and complaining when the landlord doesn't let you take the kettle, furniture and front door.

 

[Val]

A scenario that no one seems to have thought about.
Scotland vote no because of threats to Pound, Europe, Nato, Eurovision, Champions League etc etc.
Next UK election Scotland votes tactically and returns 45 SNP UKMP's
Hung parliament. Anarchy in the UK

It would make an interesting movie but thats about it

 

[Val]

Could they keep the pound? They can call it what they want.

They'll probably called it Salmonds, with 10 Sturgeons to Salmond and 100 Swinneys to the Salmond

 

[ger147]

Not strictly true as a Scottish nation has never had this in the first place, however the UK has this of which Scotland are part of.

Making it easy, it's a bit like renting a fully furnished house and moving out and complaining when the landlord doesn't let you take the kettle, furniture and front door.

Scotland and England don't have a tenant landlord relationship. A marriage would be more accurate and in the case of a divorce, assets are split...

 

[Doon frae Troon]

Probably a Labour/SNP Parliament.

AH but the SNP would remain independent and only back the more extreme measures proposed by the other parties.

 

[Adi2Dassler]

Who will be the lender of last resort to them though? If Scotland created their own money supply then who would be confident that it would retain its value in the future? If the Scottish Money did not hold such confidence then it would be subject to high inflation.

If I was Scottish I would need a clear understanding on these matters before I could start to make a decision on Independance.

The theory goes that any bank wishing to print their own £ (BoE/RBS/BoS/Clydesdale) need to deposit a £ for every £ they want to circulate.I read somewhere last week that there is something like £6 Billion worth of Scottish notes in circulation, so if these no longer become legal tender after any refusal to agree a currency union and the BoE refuse to 'stand behind' the 'Scottish banks', they'd need to hand back the money on deposit.Not a huge amount in the grand scheme of things, but significant enough.

I then wondered about BoE notes, and whether they also deposit £/£ with themselves?


I think I know the answer to this, but what do folk think about other UK assets, say the gold/silver reserves or RBS public ownership....would any post YES Scotland be entitled to a share?

And what do folk think about Baroso claiming it would be nearly 'impossible' for Scotland to join The EU.