Latest Poll shows Scottish Independence in the lead.

[scribz]

Sable said
I mentioned Greece in the sense that if your economy tanks you won't have the safety net of the EU to support you. Not that you wouldn't get loans and such, but your EU membership would certainly be jeopardized, if not delayed, if Scotland can't compete economically. It wouldn't be fun.

It wouldn't be, but again - we have a lot of industry going on as it is. But it is dwindling under westminister rule, it's why I regard staying in the UK as a bigger gamble, and i'm speaking on pro-independant points here, disregarding everything I said in regards to service base job markets in macro economics, which is actually my personal reasons for moving out. The fact that scotland would be looking to represent a more nordic nation in social economics is a huge plus for me too.

[The Nexerus]

scribz said
No, it's entirely a political move. The UK would be fucking themselves up if they did that. It's the same as the US and China in trade only to a smaller scale, no side would for a second want to remove something that's win-win for the both of them. Consider that Greece is more and more relying on tourism, which is entirely dependant on international wealth of the rest of Europe, their situation is very much different from us.

The UK's position on a currency union between the United Kingdom and an independent Scotland is identical to their position on the United Kingdom using the Euro. To quote the head of the Bank of England verbatim, "A currency union is incompatible with sovereignty."

Aren't Scots more in favour of EU integration than the rest of the UK? Just take on the Euro, then. I'm sure it'll work out.

[scribz]

The Nexerus said
The UK's position on a currency union between the United Kingdom and an independent Scotland is identical to their position on the United Kingdom using the Euro. To quote the head of the Bank of England verbatim, "A currency union is incompatible with sovereignty."

Again, these are nice words. But it's a political move. Westminister has a duty to keep it's economy running, and if it didn't make a currency union with us. They're basically saying "We won't bail you out. But you can leave without any debt, still letting you use the pound anyway as we can't actually stop you, and if your country does fuck up, we'll lose our 2nd biggest trade partner and heavily ruin our economy as well".

[scribz]

The Nexerus said
Aren't Scots more in favour of EU integration than the rest of the UK? Just take on the Euro, then. I'm sure it'll work out.

That's one of the three Plan B's.

Plan A is the currency union.

Plan B1 is using the pound unnofficially.

Plan B2 is having our own currency.

Plan B3 is using the Euro.

[The Nexerus]

^ What would the currency in B2 be called? There should be a cool name for it if the 'Yes' vote wins and that's the route that's taken.

scribz said
still letting you use the pound anyway as we can't actually stop you

Hypothetically, Scots would still be able to use the pounds in their wallets to go the store and buy groceries, but the Bank of England absolutely can and absolutely will disavow an independent Scotland from officially using the pound sterling without an adequate negotiation process. If you want Scotland to be like Zimbabwe and have no currency on a government level and use a foreign currency on the level of actual citizens, that's fine, but if not, Scotland needs to negotiate the terms of a currency union with the Bank of England. In those negotiations, Scotland would accept that they're negotiating because it is the Bank of England and the Bank of England alone that dictates the pound.

[scribz]

The Nexerus said
Hypothetically, Scots would still be able to use the pounds in their wallets to go the store and buy groceries, but the Bank of England absolutely can and absolutely will disavow an independent Scotland from using the pound sterling without an adequate negotiation process. If you want Scotland to be like Zimbabwe and have no currency on a government level and use a foreign currency on the level of actual citizens, that's fine, but if not, Scotland needs to negotiate the terms of a currency union with the Bank of England, and accept that they're negotiating because it is the Bank of England and the Bank of England alone that dictates the pound.

The entirety of the argument is on the Bank of England bailing out Scotland on the basis of economic collapse, the same way that the US national reserve bails out various countries as a whole, as it's the international reserve currency. That's all their disavowing has powers to do, unless the sterling becomes the national reserve currency, it cannot actually effect trade.

But, again - if a huge chunk of your union was leaving without any change, and they were offering to pay for a proportional level of the debt, and that they're already your 2nd highest trading partner in the world, would you actually think it's a bad thing? I mean, put it this way - as the bank of england, there wouldn't be any more difference as it would be if scotland was simply a fully devolved country within the union.

And, as you said, the Euro is there.

If I got to name a new currency, i'd call it the #YOLO

[Sable]

scribz said
The entirety of the argument is on the Bank of England bailing out Scotland on the basis of economic collapse, the same way that the US national reserve bails out various countries as a whole, as it's the international reserve currency. That's all their disavowing has powers to do, unless the sterling becomes the national reserve currency, it cannot actually effect trade. But, again - if a huge chunk of your union was leaving without any change, and they were offering to pay for a proportional level of the debt, and that they're already your 2nd highest trading partner in the world, would you actually think it's a bad thing? I mean, put it this way - as the bank of england, there wouldn't be any more difference as it would be if scotland was simply a fully devolved country within the union. And, as you said, the Euro there.If I got to name a new currency, i'd call it the #YOLO

Nah, man, call it the Highlander.

[Sable]

Or the Scottish Yen.

[scribz]

that'll be 5 #Cuts4beibs please sir.

[scribz]

that'll be 5 #Cuts4beibs please sir.

[The Nexerus]

Sable said
Nah, man, call it the Highlander.

My suggestion is the Mel Gibson. It will be divided into one hundred smaller units, which will be called Freedoms.

[HollywoodMole]

Sable said
Nah, man, call it the Highlander.

I'm pretty sure more people live in the mid and south lands, so that's a bit of an isolation.

[scribz]

The Nexerus said
My suggestion is the Mel Gibson. It will be divided into one hundred smaller units, which will be called Freedoms.

Naw man, if it's going to be the Mel Gibson then we need the smaller intervals called the "I'm not racist but Jews".

Our money should have his face on it, with the australian flag waving in the background.

[Halo]

I want it to be called the Unicorn, after Scotland's national animal.

[scribz]

Halo said
I want it to be called the Unicorn, after Scotland's national animal.

Yessssss

[Dervish]

You should call your impending currency the Willy.

Freedom based dick jokes for everyone!

[idlehands]

And Scottish people love Groundskeeper Willie from the Simpsons. It's win, win really.

[scribz]

idlehands said
And Scottish people love Groundskeeper Willie from the Simpsons. It's win, win really.

He's like a national aspiration for us really.

[Doivid]

I think it'll be better for scotland in the long run, even if all the worst case scenarios about the economy come true. And hey if it's not so easy to get into the EU, probably better for them as well.

Any country in the UK is basically a host body for the parasite that is London. All the money and resources go there.

[The Nexerus]

Doivid said Any country in the UK is basically a host body for the parasite that is London. All the money and resources go there.

Or, you could look at it how Londoners do: the entirety of the UK that isn't London is basically a series of parasites feeding off the host body that is London.