When will indyref2 happen?

[philyerboots]

Cant wait if Scotland gets it's own currency I'll be a millionaire

 

[git-intae-thum]

^^^^

Ffs lol

A very Scottish thing to have so many self loathing bawbags amongst us.

Keep it up agent Philyerpants.

By the way whats happening about that signed original. Pm me.

Its going to be a rare example of early 21stC Caledonian cringewankery in a few years. Worth a few bob a reckon.

[DiegoDiego]

To use Sterling would be a sign of being feart. I'd argue for a new currency for a new country. There sure as hell is a load of material to use to make them think twice about staying with what is pretty much the failed state of UK.

^ never been to Somalia.

Ridiculous assertions like this doesn't help your cause.

[doulikefish]

The new currency has the yoons in outrage
"How will we trade "is my personal favourite

[Jeff Venom]

2014, keeping the GBP would be silly for an independent Scotland, foolish, problematic, expensive, etc.

 

20XX, taking on a new currency, central bank would be silly for an independent Scotland, foolish, problematic, expensive etc.

 

So which is it, imperialistic empire-loving land-hoarding yoon liars? Which one is it?

 

 

 

 

[Detournement]

12 hours ago, lichtgilphead said:

The Maltese pound was anchored to the GBP until 1971 on a 1:1 basis. At the time they converted to the Euro, it was at a rate of 43 maltese pennies = 1 euro. 

My view is that anchoring to the GBP in the short term after independence didn't do Malta any harm. Floating the currency didn't do them any harm either, Neither did joining the Euro. In real terms, in 1971, £1 GBP = £1 maltese. In 2019, £1 GBP = just over 1 Euro (43 pence maltese)

I don't think you have thought this through.

[Donathan]

10 minutes ago, Jeff Venom said:

2014, keeping the GBP would be silly for an independent Scotland, foolish, problematic, expensive, etc.

 

20XX, taking on a new currency, central bank would be silly for an independent Scotland, foolish, problematic, expensive etc.

 

So which is it, imperialistic empire-loving land-hoarding yoon liars? Which one is it?

 

 

 

 

 

Surely the idea is that none of the potential currency options are attractive options and thus staying in the union would be a better choice?

[HeartsOfficialMoaner]

You can't be independent when tied to mother's apron strings,  looking  like you're too scared while asking people to back you. 

[Thistle_do_nicely]

18 minutes ago, Donathan said:

 

Surely the idea is that none of the potential currency options are attractive options and thus staying in the union would be a better choice?

thing with this is that within the Union the key decision makers focus with regard to fiscal levers will be how they impact English based interests first and foremost.

Within the current system - and this cannot be stressed enough - Scotland is  always an afterthought.

The notion that the Union represents a safe, comfortable status quo compared to the scary terrifying prospect of poor wee Scotland having more control of its affairs is horseshit and needs challenged. (see: brexit clusterfuck)

Edited March 2, 2019 by Thistle_do_nicely

[Jeff Venom]

 
Surely the idea is that none of the potential currency options are attractive options and thus staying in the union would be a better choice?

Exactly, while frantically trying to hide a world map with all those independent countries on it [emoji23]

[btb]

22 minutes ago, Thistle_do_nicely said:

thing with this is that within the Union the key decision makers focus with regard to fiscal levers will be how they impact London based interests first and foremost.

Within the current system - and this cannot be stressed enough - Scotland is  always an afterthought.

The notion that the Union represents a safe, comfortable status quo compared to the scary terrifying prospect of poor wee Scotland having more control of its affairs is horseshit and needs challenged. (see: brexit clusterfuck)

Even Ruth Davidson says so.........

https://www.bbc.co.uk/news/uk-scotland-scotland-politics-41454566

Edited March 2, 2019 by btb

[UsedToGoToCentralPark]

Have a referendum, if its leave then leave. Start a 'Bank of Scotland' and issue our own money.
It will be worth what it's worth.

Surely, this is the only option that gives us independence.

[jakedee]

2014, keeping the GBP would be silly for an independent Scotland, foolish, problematic, expensive, etc.
 
20XX, taking on a new currency, central bank would be silly for an independent Scotland, foolish, problematic, expensive etc.
 
So which is it, imperialistic empire-loving land-hoarding yoon liars? Which one is it?
 
 
 
 

Hypocrisy has never been a problem for some.

[yoda]

There's a lot of weird takes here.

I support the idea of a new currency (full monetary autonomy would be a good thing) but it could be expensive (see "Loki" McGarvey's complaints a few months ago about how he couldn't support iScotland if it meant a short-term hit to public finances as we buy up forex reserves), although there's numerous options that aren't as costly as outright purchases of reserves.  The Baltic states and countries like Moldova did it in the early 1990s, so there's no reason Scotland can't.

However, the idea that "sterlingisation" (different from pegging the currency to the £, which would be daft and expensive) doesn't mean independence is silly.  Is Ecuador independent? Yes it is. Is Panama independent? Yes it is. It might not be practical for other reasons, but this "We're not independent if we don't use our own currency" is nonsensical. There's plenty of reasons why using the £ would actually be a better option than the €.

Going back to a post from yesterday. Once you account for Scotland's trade with rUK (excluding oil/gas), we run a trade deficit. Accounting for oil/gas, it'll be a surplus - but if there's an oil price shock and the price collapses,  in theory you want to depreciate your currency to improve your "competitiveness" (and there's evidence that this is exactly what helped Norway through the last oil price crash). Using the € or pegging to the £ removes that option.

 

[Donathan]

2 hours ago, Stinky Bone said:

Donathan, why?  

 

I'm not arguing that the UK government's take on the currency issue is correct, or accurate, but it's not hypocritical. The argument they're trying to make is that using the pound unilaterally, using the Euro, and using a new Scottish currency are all unattractive options and thus Scotland ought to vote against independence to maintain the status quo.

[John Lambies Doos]

We should ask politely for a section 30 order and if refused (as I expect) we should hold an Independence referendum anyway.  The conditions of the referendum should be made solely by us, the Scottish people because we are sovereign.  We could remind westminster that they never had to ask the EU for a referendum on brexit, so why do we need westminsters permission.  The people of Scotland are sovereign and I am sure that we can decide what we can or can't do.
 

Catalonia come to mind here

[Baxter Parp]

[sergie's no1 fan]

2014, keeping the GBP would be silly for an independent Scotland, foolish, problematic, expensive, etc.
 
20XX, taking on a new currency, central bank would be silly for an independent Scotland, foolish, problematic, expensive etc.
 
So which is it, imperialistic empire-loving land-hoarding yoon liars? Which one is it?
 
 
 
 

This was exactly my point a few pages ago.

No matter what currency we chose in 2014, the yoons would have an issue with.

[git-intae-thum]

6 hours ago, Baxter Parp said:

When you compare our GDP with similar sized Western European countries, it would appear Scotland in union is underperforming. We have a markedly smaller GDP than Ireland, Denmark etc. This despite the obvious resource benefit we hold.

Time to escape our financial mismanagement by the UK gov.

[DA Baracus]

This £1.6B to the North of England with potentially some future sum going to Scotland is so massively transparent.

The UK government are holding this back for any indy campaign and will wheel it out and claim that only by voting NO will this (totally undefined) sum be paid (at a totally undefined point in the future).

Almost certainly it's a huge lie but folk will fall for it.