I wonder is it in the interest of Scotland to use the Bank of - TopicsExpress



          

I wonder is it in the interest of Scotland to use the Bank of England as the bank of last resort, maybe better to use our own bank. My question is I dont know the answer so bear with me here If we were to tell the English to keep the currency along with the debt How long would it take to build a bank using the extra revenue we currently raise, that would satisfy the world money markets. I know oil plays a big part in this.. How much I dont know. How does the mechanism work. I would be interested to know. What I do know is that s@p says Scotlands economy is strong enough to get a investment grade rating thats the top one ( even excluding oil rev ) and various countrys top economists agree. I know there has been many reports that say its best for both worlds to use the pound, so obviously the best way to go. But will the B option be so bad for us. What ever that may be. I understand why the Tory government came up with this idea of not sharing, to create fear in peoples minds Now lets examine plan B The yes campaign will not discuss this as its a vote loser, people cant cope with change sometimes even if it better. ESP the older generations. BUT in the long run could it be better for Scotland to use its own currency. We can always use the pound even at the start And be debt free I dont want to get pocket money any longer, I want everything I earn and create and I want to use that money in the way thats best suited for my country and not in the way its being used at present Lets discuss what we could achieve
Posted on: Sat, 09 Aug 2014 20:01:26 +0000

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