2141 replies to this topic

[G-Bob]

 

 

The urge to go via the corner shop and grab a lettuce to hurl at him is quite strong

 

 

Don't be a vegetarian with you're lettuce chucking - at least use some square sausage..

 

 

Make sure it's frozen.

[techieboy]

Buy a few, you don't want to find yourself with an excess of UK pounds in your pocket.

[G-Bob]

...you don't want to find yourself with an excess of UK pounds in your pocket.

 

Don't worry, we'll put it in the charity box at the Airport to help out the third world country that is England.  

[techieboy]

A third world country with it's own internationally traded currency and decent credit rating, I'll have you know. Let's see what the currency markets make of the Scottish Haggis (what will you call your equivalent of pence? Neeps? Or will you go with the other option of Salmonds and Sturgeons?) when that starts trading.

[techieboy]

Ooops. Sorry. Don't want that to come across as "bullying".

[techieboy]

I guess I need to be careful here, don't want anyone threatening to not pay their debts.

[LY_Scott]

Tucked away at the bottom of the BBC article

 

Labour's former Scottish First Minister Henry McLeish criticised the intervention by the three pro-union parties, and said Scots "shouldn't be fooled" by the suggestion that a currency union could not be worked out.

 

He told BBC Scotland: "This is entirely political and of course consistent with the unionist campaign. This is negative, it is about spreading fears and scare stories.

"What we require from the unionist parties is a bit of statesmanship and quite frankly their behaviour so far falls well short of that."

 

http://www.scotsman....ption-1-3304617

 

I would fully agree the quoted threat of non debt paying is really dumb. I would hope that it's just badly reported. I think we should be paying our fair share no matter what happens. I also think the SNP shout about Trident too much. We should look to get rid of it but it shouldn't be so central to the campaign.

 

But then...SNP won't necessarily form the first Scottish Government. I'm still backing Scottish Labour to do that.

[KurtVerbose]

At the heart of all the comments from those parties was the comments of Mark Carney, the Governor of the Bank of England, on a currency union. He's not a politician, and he's also not from the UK - he's Canadian. It was a deeply technical demolition of a currency union.

Edited by KurtVerbose, 13 February 2014 - 01:07 PM.

[G-Bob]

A third world country with it's own internationally traded currency and decent credit rating, I'll have you know.  

 ....for now!  

 

Here's a potential situation to think about:  UK know that scotland provides a lot of money and doesn't know what it will do without it (hence trying to keep together and scaremonger).  Scotland get independance and then turn out to be more affluent than the struggling UK. (after 200 years of costing a fortune to setup the country)  

UK have to borrow money from Scotland to keep afloat and then Wales say "fcuk this" and leave.  They then join Scotland and create the Independant Union.

 

Now that would be interesting.

[Rosssco]

I'm still baffled by the fact the some cannot grasp the basic concept that a currency union is not desireable between two potentially diverging economy's...

 

It's been proven multiple times it doesn't work well for either party, but the Nationalist's refuse to remove their head from the sand and acknowledge this - there can be no policy retreat or change (although it has changed previously from Euro-love to Sterling) for them at this stage. They have conclusively backed themselves into a political corner with the only option now is to continue to the stir the "them and us" pot and propogate the Scottish chip on the shoulder syndrome that we are being told what to do by some Tory in a transient government...

 

Why continue to push a proposal that defies logic and reality, whether it is based on positive intentions or not... Even if I truly believed independance was a good thing with some risks, I wouldn't vote for the stuff that's being served up...

[techieboy]

Now that would be interesting.

We'll both be worse off. But if it makes you feel better, keep telling yourselves otherwise.

[LazyDonkey]

Tucked away at the bottom of the BBC article

 

Labour's former Scottish First Minister Henry McLeish criticised the intervention by the three pro-union parties, and said Scots "shouldn't be fooled" by the suggestion that a currency union could not be worked out.

 

 

But when all three major parties have said they won't let it happen......what are we to think?

 

Vote yes and hope they do a u turn?

 

To be honest i'm amazed that they've all come out publicly like that but i dont see how the yes campaign can come back from that.  

[Rosssco]

 

A third world country with it's own internationally traded currency and decent credit rating, I'll have you know.  

 ....for now!  

 

Here's a potential situation to think about:  UK know that scotland provides a lot of money and doesn't know what it will do without it (hence trying to keep together and scaremonger).  Scotland get independance and then turn out to be more affluent than the struggling UK. (after 200 years of costing a fortune to setup the country)  

UK have to borrow money from Scotland to keep afloat and then Wales say "fcuk this" and leave.  They then join Scotland and create the Independant Union.

 

Now that would be interesting.

 

 

So Scotland would be running such a huge budget surplus that it would be able to lend sufficient amounts to a neighbouring country with approx 9x it's GDP? Even the most die-hard of Nationalists would struggle with that one..

 

Just sayin...

[myles]

 

 

The urge to go via the corner shop and grab a lettuce to hurl at him is quite strong

 

 

Don't be a vegetarian with you're lettuce chucking - at least use some square sausage..

 

 

A bag of frozen square sausage!

[LY_Scott]

It's been proven multiple times it doesn't work well for either party, but the Nationalist's refuse to remove their head from the sand and acknowledge this

 

I take it you mean the eurozone Ross?

 

The concept of currency unions works quite well. Makes trading across borders quite easy too. The problem is that Greece, Spain and Italy never even got close to aligning in terms of debt and even lied about how far away they were. The eurozone didnt fail because it had a currency union...In a way its actually surviving because it did. They got a big wakeup call.

 

Scotland and the rUK start from a point where they are totally aligned. We're never going to become Greece and we're not about to start setting fire to money. We actually have the healthier economy from a balance of payments perspective. The idea that finanacial policy will be dictated from Westminster is patronising at best. It's in an assumption that we will rack up massive debts and create an unstable economy. Westminster are totally without fault of ever doing themselves as well huh? Best they law down the rules for us eh? If we had a massive spending government who were racking up debts we'd be calling the out as well. It's just spin.

 

Scotland's economy is fine and a currency union is the sensible approach in everyone's interest.

 

SOME continue to believe that the Euro Area has shown that monetary union does not work. Mr Carney reminded us of the advantages of such a union, reducing transaction costs and exchange-rate risk, encouraging trade, competition and economic efficiency. Surely it is better for the English to be able to use their money in Scotland without paying to change it? That is not a trivial benefit. Nor is the absence of exchange risk, which otherwise has to be added to investment risk.

Edited by LY_Scott, 13 February 2014 - 02:11 PM.

[KurtVerbose]

Scotland and the rUK start from a point where they are totally aligned. We're never going to become Greece and we're not about to start setting fire to money. We actually have the healthier economy from a balance of payments perspective. The idea that finanacial policy will be dictated from Westminster is patronising at best. It's in an assumption that we will rack up massive debts and create an unstable economy. Westminster are totally without fault of ever doing themselves as well huh? Best they law down the rules for us eh? If we had a massive spending government who were racking up debts we'd be calling the out as well. It's just spin.

 

Scotland's economy is fine and a currency union is the sensible approach in everyone's interest.

 

Sorry, but that's just compete rubbish. It's actually so far from reality it's quite scary you and Salmond really believe it. If those are the kind of arguments coming from the nationalists and they're believed then you really are screwed.

[LY_Scott]

Sorry but saying

 

"You're wrong"

 

Isn't a counter argument.

[techieboy]

we're not about to start setting fire to money.

You might not want to call it burning money but I think that's effectively what the real world "set up" costs will be post-independence. The whole reason the UK isn't in the Euro is because we as a country want to have control of our fiscal policy and to be able to do what's best for "us" and not necessarily what's best for Germany or Spain or Europe as a whole (though they may coincide at times). Why would the rUK want to enter a currency union with Scotland and not have 100% control over our own fiscal policy but to also have to consider what your wants are (assuming of course that you'll want some kind of seat at the table given the patronising Westminster comment)?

[LY_Scott]

 

we're not about to start setting fire to money.

You might not want to call it burning money but I think that's effectively what the real world "set up" costs will be post-independence. The whole reason the UK isn't in the Euro is because we as a country want to have control of our fiscal policy and to be able to do what's best for "us" and not necessarily what's best for Germany or Spain or Europe as a whole (though they may coincide at times). Why would the rUK want to enter a currency union with Scotland and not have 100% control over our own fiscal policy but to also have to consider what your wants are (assuming of course that you'll want some kind of seat at the table given the patronising Westminster comment)?

 

 

Nah I don't buy that as the main reason. It's been more Xenophobia and nostalgia over the years than anything else. The worry about control has come more after the global crash.

 

I meant the No campaign when I talked about patronising.  

[LY_Scott]

Personally I don't care what kind of money I have in my pocket. I'm not precious about paper.

 

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