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Back to the future with Scottish currency

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Comments

  • purch
    purch Posts: 9,865 Forumite
    michaels wrote: »
    Perhaps the rUK should adopt the USD and ask the Fed to be our lender of last resort (oh and at the same time request that the rUK be consulted on US monetary policy), I'm sure they would just agree to that wouldn't they, after all think how much US companies and individuals could save on currency exchange transaction costs......

    I'll give my old mate Benny Rothschild a buzz, see how the the plans for the World Currency are coming on......should be here soon :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    CLAPTON wrote: »
    e.g. Does a country need a central bank : what would happen without one?

    Plenty of countries have existed without a central bank; the US did rather well without one, in fact their central banks kept on going bankrupt or getting dissolved by congress.

    It's harder in a system with modern-day banking, of course, but there are other banking systems that have been quite successful in the recent past.

    Bottom line is you don't need them, though, and historically speaking central banks have been very controversial.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    purch wrote: »
    I'll give my old mate Benny Rothschild a buzz, see how the the plans for the World Currency are coming on......should be here soon :eek:

    I've met Nat a couple of times. He's a very clever man.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    purch wrote: »
    I'll give my old mate Benny Rothschild a buzz, see how the the plans for the World Currency are coming on......should be here soon :eek:

    Hm, I thought the Worldwide New Order Conspiracy sent out the order not to reveal that, or the stuff about how Obama was cloned and his brain implanted with a chip that allows Osama Bin Laden to control him from the afterlife which is currently located in Area 51?
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Generali wrote: »
    I kinda hoped this thread would spark some discussion about different forms money could take in a newly independent country. It's a real shame that the usual Nationalists just got the hump, presumably because I don't buy their line unequivocally.

    I saw one post from a Independence "Yes" poster, I can't see any other post that would warrant your position believing that "Nats got the hump".

    If anything, the "Nats" have stayed clear and you post still didn't spark any interest in different forms of money in a newly independent country.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
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