In addition, as Max Keiser explained: (1) The UK can now borrow cheaply using the giant Scottish oil reserves as collateral (2) If Scotland leaves, the collateral (oil reserves) is no longer available (3) So the cost of borrowing money for Britain skyrockets Scotland’s North Sea oil reserves are slowing running out, and so oil won’t be such a valuable resource forever. But for now, it is still invaluable (especially as collateral for British borrowing) … and the key to Britain’s panic over potential Scottish independence. globalresearch.ca/the-real-reason-britain-is-freaking-out-about-scottish-independence-scotlands-north-sea-oil-reserves/5402553
Posted on: Wed, 17 Sep 2014 21:34:33 +0000
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