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Pound Tumbles On Report Scotland May Hold Second Independence Referendum
zerohedge.com ^ | Feb 26, 2017

Posted on 02/26/2017 5:10:22 PM PST by Helicondelta

From the Sunday Times:

Nicola Sturgeon and Theresa May are heading for a showdown over who has the right to call another independence referendum and when it should be held.

As the prime minister prepares to head north to speak at the Scottish Conservative conference this week, it has emerged that the SNP government raised the issue of a second referendum at a private meeting with her administration on Wednesday.

The first minister looks set to call a vote by the Scottish parliament — following next month’s SNP conference and triggering of article 50 — to strengthen her mandate to stage a second referendum. At her party conference, Sturgeon is expected to call for Holyrood to have the right to call a referendum.

While there has been no official statement from UK officials in this late hour on Sunday, the prospect of even more politcal chaos, not to mention the sudden possibility of Scotland declaring independence has sent cable into a tailspin, with sterling plunging 70 pips in thin trade, sliding below 1.24 on the news.

(Excerpt) Read more at zerohedge.com ...


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1 posted on 02/26/2017 5:10:22 PM PST by Helicondelta
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To: Helicondelta

England’s better off if they go.


2 posted on 02/26/2017 5:10:55 PM PST by DesScorp
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To: Helicondelta

That’s a typical liberal maneuver. Keep on calling for re-rolls of the dice until you get the roll you want.


3 posted on 02/26/2017 5:20:18 PM PST by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: Helicondelta

What does Scotland have or produce that makes them think they are better off without GB?


4 posted on 02/26/2017 5:21:40 PM PST by Crucial
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To: DesScorp

This isn’t William Wallace’s Scotland.

What does Great Britain need with another socialist welfare state?


5 posted on 02/26/2017 5:28:51 PM PST by Vlad The Inhaler ("Forewarned, forearmed; to be prepared is half the victory." --Miguel de Cervantes)
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To: Crucial

Some oil and a history of hating England.

I was surprised at the vote. Was there a few weeks before the vote and pretty much all the yards signs were to leave.

Bottom line, they can’t afford their welfare state without England.


6 posted on 02/26/2017 5:32:32 PM PST by lizma2
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To: Helicondelta

Independence would require their own currency. QUICK: does anyone remember what their currency was called before the pound? Like in 1603.

Ok.take your time and google it.

I vote for the revival of the gold UNICORN.

Can they find a virgin to pose for it? Perhap, Ms Sturgeon?


7 posted on 02/26/2017 5:40:44 PM PST by RossA
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To: Crucial
What does Scotland have or produce that makes them think they are better off without GB?

Very little, if anything.

Scotland has become a socialist nanny state, full of slackers and gubmint leeches. If they leave the UK, they'll likely fall into bankruptcy in no time flat.

Independence is a long held, romantic idea for the Scots, but leaving now, would be practically suicidal for them.

I hate to say that, as my family's ancient roots are there.

8 posted on 02/26/2017 5:51:03 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Helicondelta
I'm ashamed of my ancestral homeland.

To think that Scotland used to hold such a fierce and independent people!

And now it's just another European welfare state, its identity totally subsumed in socialist dogma and the entitlement mentality.

The European Mind has become a pathetic, submissive mass of Marxist mush; it's hard to believe that most Americans arose from the same genetic stock.

Maybe it's genetic: the bold individualists tended to be the ones who migrated to the New World, and the more passive elements, who wanted nothing more than to be taken care of by the nanny-state, tended to remain behind.

The Socialists and Globalists (but I repeat myself) are constantly decrying the fact that America can't "be more like Europe"; they seek to push the United States back "into the fold".

No thanks; I'd rather drown in a river of blood...

9 posted on 02/26/2017 5:51:26 PM PST by sargon ("If we were in the midst of a zombie apocalypse, the Left would protest for zombies' rights.")
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To: Helicondelta
Hmmm, what to call it?

Scotlexit?

One suspects that it will eventually happen; and, that as separate countries (and allies), they will get along quite well.

.

10 posted on 02/26/2017 5:52:26 PM PST by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: Helicondelta
During the first referendum campaign oil was $100/barrel.Today it's $50 and,thanks to skyrocketing US production,is expected to drop.
11 posted on 02/26/2017 5:54:03 PM PST by Gay State Conservative (Deplorables' Lives Matter)
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To: lizma2
Some oil

Can Scotland lay claim to the oil deposits in the North Sea?

I'm pretty sure that England would nearly go to war to keep them.

12 posted on 02/26/2017 5:54:55 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Helicondelta

As an American who proudly has many Scots among his ancestors, it pains me to say that England would be better off without what has become of Scotland and many of the Scots.


13 posted on 02/26/2017 5:56:56 PM PST by House Atreides (Send BOTH Hillary & Bill to prison.)
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To: Seaplaner
Scotlexit?

I think Gaelexit rolls off the tongue a bit easier.

Scotexit works, too.

14 posted on 02/26/2017 5:57:50 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Windflier
Scotland has become a socialist nanny state, full of slackers and gubmint leeches


15 posted on 02/26/2017 6:02:25 PM PST by BBell (calm down and eat your sandwiches)
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To: Helicondelta

It’s our fault. All the fierce and independent warriors moved to America. What is left is just sad.


16 posted on 02/26/2017 6:04:26 PM PST by McGavin999
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To: House Atreides

Seconded.

I too have Scottish ancestors.


17 posted on 02/26/2017 6:08:35 PM PST by sauropod (Beware the fury of a patient man. I've lost my patience!)
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To: Helicondelta

The amazing thing is how few people there are in Scotland. Brexit vote results by region are at http://www.bbc.com/news/politics/eu_referendum/results


18 posted on 02/26/2017 6:09:20 PM PST by RightGeek (FUBO and the donkey you rode in on)
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To: Windflier

Aye, my good FRiend.


19 posted on 02/26/2017 6:11:03 PM PST by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: Helicondelta

Just checked the GBPUSD forex chart, and the drop is just back to where it has been a couple times already in February. Its no brexit kind of drop, just a penny and a half or so.


20 posted on 02/26/2017 6:11:04 PM PST by AndyTheBear
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