An anniversary note featuring Robert the Bruce.
The whole monetary issue is interesting, and complicated...:^)
From a pretty left wing source -
Posted on 08/25/2014 12:30:44 AM PDT by Berlin_Freeper
As I understand it, based on Quebec’s battle for independence, it can keep the pound and Britain could not stop that However, by adopting another country’s currency, Scotland would be held hostage to the policy set by Westminster, for better or worse.
Ireland could boast the same years ago until they ushered in socialist slate of politicians that put them in sever debt.
Hope Scotland has learned the lesson.
Major thing was... are you listening congress and POTUS? They lowered corporate taxes to 12%
Maybe it will end up like Norway...which is great until you have to actually spend money for defense.
They print their own pounds...Bank of Scotland, Clydesdale bank...at least they used to.
A monarchy with an aristocracy is a socialist form of government if the definition of socialism is government ownership
That's one reason why socialism/communism, and in our day social corporatism, is favored by the elite. Under the guise of being "modern and with it", the elite get to be in control. They see themselves as the ubermensch/the dictatorship of the proletariat/the rulers of whatever nation they inflict. The Soviets taught us that any pretensions of social mobility passes away after one generation and all reverts to nepotism, another way of saying birthright aristocracy if one thinks about it for just a moment.
To be fair, oil and gas are renewable resources, but they take some time to fill up again.
Correct. And that was the point brought up by Darling (head of the NO side) that Salmond (head of the YES side) had such difficulty responding to: (paraphrasing) “You say you want to make Scotland independent and then you intend to let its currency, interest rate etc be run by a foreign power. Where is the logic in that?”
Since this is Europe, and one is being polite (even in Britain) the obvious follow up to that discussion was never mentioned, that this is exactly what 17 other countries did when they entered into the EMU or euro collaboration, and see how well that worked out!
All those heroin addicts and single mothers will consume that wealth pretty fast...
As an American of Scottish decent, I love this song. And I really loved one of the comments made under the song as it was so apropos.... “...bear in mind the hundreds that fought over the centuries for a independent Scotland and do not fear to be free!”
“DO NOT FEAR TO BE FREE.”
That is a truth we here in America need to be remembering and espousing. As our nanny-state grows, so many Americans are fearful of being responsible for themselves, of earning their own living. Why is that? Are we as a nation loosing our yearning for freedom? And if so, then will we inevitably lose our freedom?
To me there is a lesson here from my brave Scottish ancestors ..... “DO NOT FEAR TO BE FREE.”
I agree with what some other posters have said — Scotland is a Socialist economy that is only doing well now because of oil and gas revenue. Once those prices drop, the country will be in a fiscal crisis again . . . . and again . . . and again . . . . and again . . . until it ends up like Argentina in a generation or two.
An interesting potential outcome of an independent Scotland would be an almost destructive blow to the British Labour Party. Obviously those inclinations would go towards the equivalent in Scotland but the shape of both participant’s internal politics would become quite interesting.
BUAIDH NO BAS!
An anniversary note featuring Robert the Bruce.
The whole monetary issue is interesting, and complicated...:^)
From a pretty left wing source -
We ARE free.
We joined the UK by choice.
And the UK/Britain and England are not the same, we are part of a political union with three other nations, one we chose to be in, and one we can choose to leave or stay.
They can still print their own pounds, they will just have no say as to what their pound should be worth in relation to other countries.
Except, Scotland won’t be free. Under Salmond’s vision for an ‘independent’ Scotland, Scotland will still be using the Pound Sterling, a currency controlled by the Bank of England, which is answerable to the UK Government. They have already threatened to adopt the £ unilaterally if neccessary, which would leave them with no lender of last resort, which only an economic illiterate would advocate.
However, best case scenario, the rUK agrees to a currency union, on London’s terms, i.e. the UK Government scrutinises the Scottish Government’s budget and decides whether to approve it or reject it. Which makes the whole concept of ‘Scottish Independence’ laughable. The main difference would be that Scotland wouldn’t be sending any MPs to Westminster to lobby on their behalf, and so their fiscal and monetary policies would be decided for them with no say in the matter.
If the Scotnats complain about being an ‘English Colony’, Salmondependence will make them just that, an rUK protectorate. We might as well send them a Viceroy in a frilly uniform and a silly hat and install him in Edinburgh Castle to reign over them.
The Scots are pro-EU. One of the reasons for the yesvote is that the uk government plans a referendum about leaving the European Union and the Scots don’t want that
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