Deleted account 210516001
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If Scotland defaults on its share of the UK debt where are they going to borrow money from to run the country on day one of independence or does Eck already have an arrangement with Wonga? All the money that is in Scotland is ours and will remain that way after independence. Equally there will be a proportion of the assets of the Bank of England that will fall to an independent Scotland. It would have been a share of the gold reserves at one time but a socialist prime minister has already given that away. That is all Scotland is entitled to and all that the SNP can guarantee. We can carry on using the pounds we have and if it makes trade easier we can buy more pounds to help us trade just as we can buy dollars or euros. Without a currency union there will be no Scottish Central Bank to stand behind the pound and Scottish banks. Borrowing from anywhere other than the Bank of England, at whatever rate they want to set, will be extremely difficult.
A new country does not have a credit history. That is why Eck needs a currency union because Scotland would then still have the good credit history of the Bank of England behind it. That is why there is no plan B. No other solution is viable in today's global markets. The rest of the UK has a plan B. They have already said that they will take responsibility for the current UK debt in the event that Eck is not bluffing about defaulting on our share of that debt. Without a plan B what in effect he is asking voter's to do is play Russian roulette with their finances. If you have no savings, don't own your own home, don't have a company pension and work for the public service go ahead and vote Yes. The worst that can happen is you will pay more for your foreign currency to go on holiday and you will have to keep voting SNP to keep your job. Everybody else needs to vote No unless of course you enjoy the excitement of a very long odds bet.
A new country does not have a credit history. That is why Eck needs a currency union because Scotland would then still have the good credit history of the Bank of England behind it. That is why there is no plan B. No other solution is viable in today's global markets. The rest of the UK has a plan B. They have already said that they will take responsibility for the current UK debt in the event that Eck is not bluffing about defaulting on our share of that debt. Without a plan B what in effect he is asking voter's to do is play Russian roulette with their finances. If you have no savings, don't own your own home, don't have a company pension and work for the public service go ahead and vote Yes. The worst that can happen is you will pay more for your foreign currency to go on holiday and you will have to keep voting SNP to keep your job. Everybody else needs to vote No unless of course you enjoy the excitement of a very long odds bet.


" if you go independent it should be exactly that. 