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Scotland rejects independence with No winning 55% of vote; Market reaction to Scotland vote: it’s 'up, up and away'
Topic Started: 9 Sep 2014, 10:43 AM (3,415 Views)
ThePauk
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The vote is given to 16 year old up, as it should be in Oz.
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Jimbo
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ThePauk
9 Sep 2014, 07:27 PM
The vote is given to 16 year old up, as it should be in Oz.
It was for the Aussie national anthem vote in the 70's as well.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Bardon
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Jimbo
9 Sep 2014, 06:01 PM
The Scottish Pound is simply a UK Pound with different printing. It is printed by the Bank of Scotland but is regulated by the BoE.

It is not a separate currency.
Can we get it right please.

And the Royal Bank of Scotland.

And the Clydesdale Bank.

There isn't a pound note anymore.

When they were still around they were not legal tender only accepted in England by a gentlemens agreement.

Also the Bank of England was created by a Scotsman.
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Count du Monet
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Jimbo
9 Sep 2014, 06:01 PM
The Scottish Pound is simply a UK Pound with different printing. It is printed by the Bank of Scotland but is regulated by the BoE.

It is not a separate currency.
I wouldn't agree, these notes are issued by the Scottish banks who will exchange them for BOE pounds, they are not the same thing. The fact remains that an independent Scotland could issue all the Scottish pounds they like which could be used to pay Scottish taxes and be designated legal tender. Although the traditionalist Scot would probably prefer payment in sheep! Money to keep you warm on a cold night!
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Bardon
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I remember when the poms withdrew the issuance of BOE pound notes and they cleared the system of them. The Scottish banks were still printing notes and all of a sudden it was realised that their acceptance in England was nothing more than a gentlemans agreement and quite shortly thereafter they were no longer accepted in London.

At that time a pint was about £1.10. My jock mates used to have fun at the pub by buying a pint taking a sip and then proceeding to pay for it with a pound note and some coin. When the barman advised that they did not accept pound notes the mate would then tell him that he had better take the pint back, they never did take it back.
Edited by Bardon, 10 Sep 2014, 09:58 AM.
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Jimbo
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Count du Monet
10 Sep 2014, 07:07 AM
I wouldn't agree, these notes are issued by the Scottish banks who will exchange them for BOE pounds, they are not the same thing. The fact remains that an independent Scotland could issue all the Scottish pounds they like which could be used to pay Scottish taxes and be designated legal tender. Although the traditionalist Scot would probably prefer payment in sheep! Money to keep you warm on a cold night!
They could but what value would it hold? If they peg it to the British pound, then they are still at the mercy of British monetary policy.

It is clearly something that hasn't been given much thought.

Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Foxy
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Zero is coming...

London model must be falling.
Scotland has oil and gas.
Can milk England for ever.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Count du Monet
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Jimbo
10 Sep 2014, 10:16 AM
They could but what value would it hold? If they peg it to the British pound, then they are still at the mercy of British monetary policy.

It is clearly something that hasn't been given much thought.
Well the common theory is that the key element in giving a fiat money a value is it is used to pay taxes in a specific realm. Other than that it trades as a synthetic commodity, its trade value determined by supply and demand. The primary role of money is a unit of account, it could be gold, it could be paper money. It could be anything that is convenient to use.

Pegging to another currency means the central bank assume the risk of buying and selling reserves (in this case the BOE pound) to maintain the fix. Many nations have their own currency and why not Scotland?

But in any case the vote is very touch and go.

There is no problem here, there has been a Scottish pound in its present form for two centuries. It just means anybody withdrawing cash from a bank in Scotland will on a certain date receive Scottish Pounds and the reserves of BOE pounds will be sent to the Scottish central bank.

For example the Commonwealth bank issued Australian currency from 1910 to 1960 until the RBA was established.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Black Panther
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Scottish Independence: Don't vote Yes just to give the 'effing Tories' a kick, says David Cameron

David Cameron gives a passionate address in Edinburgh as he says Britain is 'holding its breath' for referendum vote and admits: 'I care for my country more than my party'

David Cameron has pledged to stay on as Prime Minister if Scotland becomes independent but urged voters not to break up the union just to give the "effing Tories a kick".

In a passionate address in Edinburgh, Mr Cameron said that he will remain Prime Minister in the event of a Yes vote to "make that [independence] happen"

But an emotional Mr Cameron at one point appeared close to tears as he spoke about the "heartbreak" he would feel if Scotland voted for independence.

He said: "If Scotland votes for separation that would have to be respected by the rest of the United Kingdom. And as Prime Minister of the United Kingdom I would have to make that happen.

"It would be a heartbreaking job to have to do, to break up this family of nations that has been such a success."

Mr Cameron also said that Britain is "holding its breath" ahead of the vote. He said: "As we come into the final days of this vitally important (vote), be in no doubt the rest of the UK is watching, listening, holding our breath. And we care passionately about this United Nations and we would really be desperately sad to see it torn apart.

"I don't want my children to grow up in a world where if they choose Edinburgh University they're going to be in a capital of foreign country. I care more about my country than my party."

He said that some people in Scotland think that they can use their vote as a protest against the "effing Tories". However, he warned that a decision on independence is irreversible and has ramifications which will last for a century.

The Prime Minister said that nobody should "lecture" or "hector" the people of Scotland as it is "their decision".

He said that in the event of a Yes vote he would "help" to make independence happen.

However, he said he wanted to ensure that everyone in Scotland "knows the scale of the decision being taken".

He said a No vote will be "the best of both worlds" as the Scottish government will be given extra powers by Westminster.

Mr Cameron has been accused of presiding over a lacklustre campaign that has failed to properly combat Alex Salmond's Yes campaign.

He denied that he had only now "woken up" to the prospect of a Yes vote following polls showing Scotland is on course for independence.

However, he said: "In the last days of the campaign, let's make sure the emotional passion comes through."

He also warned that Scotland could "run out of money" if it goes independent. MPs and ministers have warned that Mr Cameron will come under intense pressure to resign if Scotland leaves the UK.

http://www.telegraph.co.uk/news/uknews/scottish-independence/11086917/Scottish-Independence-Dont-vote-Yes-just-to-give-the-effing-Tories-a-kick-says-David-Cameron.html
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Count du Monet
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Scottish Independence: Don't vote Yes just to give the 'effing Tories' a kick, says David Cameron


40 years of Tori arrogance! Scotland leaves! David Cameron goes down as the prize fool in history. :lol
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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