New Currency for a new Country

dryhat

As I said in an earlier post - (assuming a yes vote) Scotland could and should embrace new technology and produce their own cryptocurrency.

Every country in the world will be doing so in the coming years, and so who better to be the first than the newest independant, democratic nation.

It is a once in a lifetime opportunity and Scotland could benefit enormously from doing so..

.string.

dryhat wrote: »

As I said in an earlier post - (assuming a yes vote) Scotland could and should embrace new technology and produce their own cryptocurrency.

Every country in the world will be doing so in the coming years, and so who better to be the first than the newest independant, democratic nation.

It is a once in a lifetime opportunity and Scotland could benefit enormously from doing so..

A very good idea

An imaginary currency for an imaginary economy.

Brilliant.

Shakethedisease

.string. wrote: »

A very good idea

An imaginary currency for an imaginary economy.

Brilliant.

Look in before you look out stringy. You might see past the 'SNP lot' mindblock and actually take some hard facts and figures in ? Mabye read the articles put in front of you ? I do with any you provide before commenting on them. Just a thought.

If there's a Yes vote there will be chaos. One big reason for that is that a currency union has already been ruled out. This weakens rUK in the short term, it doesn't strengthen. And there are 18 months, perhaps more of negotiations to go.

CLAPTON

Shakethedisease wrote: »

Look in before you look out stringy. You might see past the 'SNP lot' mindblock and actually take some hard facts and figures in ? Mabye read the articles put in front of you ? I do with any you provide before commenting on them. Just a thought.

If there's a Yes vote there will be chaos. One big reason for that is that a currency union has already been ruled out. This weakens rUK in the short term, it doesn't strengthen. And there are 18 months, perhaps more of negotiations to go.

maybe


but rUK must look to the long term with a positive outlook for their children and their future generations; so if there are short term costs but long term gains, they must consider what is best for Ruk even if it isn't in a foreign country's best interest.

Generali

Shakethedisease wrote: »

Look in before you look out stringy. You might see past the 'SNP lot' mindblock and athe Yes ctually take some hard facts and figures in ? Mabye read the articles put in front of you ? I do with any you provide before commenting on them. Just a thought.

If there's a Yes vote there will be chaos. One big reason for that is that a currency union has already been ruled out. This weakens rUK in the short term, it doesn't strengthen. And there are 18 months, perhaps more of negotiations to go.

If a currency union has been ruled out by those in a position to make it happen, it's dangerous and irresponsible of the Yes campaign not to make it very clear what the plan is.

Do they really want the first action of a British Government after a Yes vote to decide what to do with one or more insolvent financial services companies?

Shakethedisease

Generali wrote: »

If a currency union has been ruled out by those in a position to make it happen, it's dangerous and irresponsible of the Yes campaign not to make it very clear what the plan is.

Do they really want the first action of a British Government after a Yes vote to decide what to do with one or more insolvent financial services companies?

You're not making a blind bit of sense. Sorry. If there's a Yes vote rUK has ruled out a currency union. Scotland would still like to try and negotiate for it. No-one is forcing anyone to do anything.

Lack of a currency union, or any negotiations on a currency union is causing acute uncertainty. I said the first polls to show Yes gaining anywhere near 50% would have the £ slide. And I'm not even an economist. :eek:I just read up a bit. Polls good for Yes = £ slide. You said I was wrong actually. You said there would never be anyone who commissoned a poll that 'sat' on it intentionally due to newspaper's gaining sales. My words were, 'well there's sitting on a poll, then there's crashing the pound' ??? Yes haven't shown anywhere near a lead yet. Yet the markets are already 'chuntering' shall we say...It's like they've woken up.

And from that reading up a bit, I gleaned a few things. One of which is that the rUK will probably regret their intransigence on this one. Because their own finances are in pretty dire shape. The oil and the whisky/food and Scottish contributions all help maintain things as they are. We do a lot of 'propping up' actually, economically speaking.

The loss of Scotland and it's contributions.. yes, Skintland, subsidised by English taxpayers, 50% of the population on welfare and benefits ( Farage speaking tonight on American tv ), deep fried mars bar's eating wasters, because 'those with mattresses in garden's don't win elections'.... Glad to get shot of them, and up yours to any currency union. See how Salmond likes that.

Win, win... But still. The markets are still a bit worried anyway. Well there's a thing. And I think they ARE more worried about rUK than iScotland. Because if Scotland was such a drain. They'd be pricing in all the good stuff. But they are only seeing bad if Scotland goes.

Yes has made it very clear what they are negotiating for, it's never wavered in fact in 3 years. It's rUK that's causing the uncertainty. Because they'd rather go ***s up again a la 2007/8, than do the very sensible common sense thing and keep the oil/whisky/exports/currency etc as is, at least till things stablise, propping up the £/trade deficit/balance of payments.

More fool them then.

chewmylegoff

Wow markets in turmoil, £/$ exchange rate falls to levels not seen since...about six months ago. We're all doomed.

Shakey is becoming Project Fear II with all her scaremongering.

Generali

chewmylegoff wrote: »

Wow markets in turmoil, £/$ exchange rate falls to levels not seen since...about six months ago. We're all doomed.

Shakey is becoming Project Fear II with all her scaremongering.

And back to the pet theory that the only reason the UK wants to keep Scotland is that without it the rest are screwed. Which is and was rubbish.

robmatic

Generali wrote: »

And back to the pet theory that the only reason the UK wants to keep Scotland is that without it the rest are screwed. Which is and was rubbish.

I think some Yes voters want to believe this because there is some satisfaction in the idea of damaging the remainder of the UK by leaving.

purch

Radio 5 Live was running a thing yesterday trying to compare this with the decision to split-up Czechoslovakia.

Ridiculous I know, but it was interesting to hear the Slovakian Finance Minister at the time say that the most important and also most time sensitive decision to make was over currency.

The Slovaks and Czechs had less than 6 months to finalise their plans, whereas the pro-Independence side has presumably had far longer to come up with costed concrete plans.

There were dire predictions of economic doom for Slovakia, but they have proven that a small country with a tiny economy can go it alone and prosper.

But then again, they had sensible and realistic leaders, who knew that as a brand new country with no track record they would have to go to great lengths to convince the rest of the World and the financial markets that they had a sound economy and a properly costed economic plan.

They didn't try to convince anyone that it didn't matter, and they could do whatever they liked, the currency matter was irrelevant, and that they already had credibility, and that they were already members of the EU, UN and NATO.