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It must be concluded there fore that large revenues and balance of payments gains would indeed accrue to a Scottish Government in the event of independence provided that steps were taken either by carried interest or by taxation to secure the Government ‘take’. Undoubtedly this would banish any anxieties the Government might have had about its budgetary position or its balance of payments. The country would tend to be in chronic surplus to a quite embarrassing degree and its currency would become the hardest in Europe, with the exception perhaps of the Norwegian kroner. Just as deposed monarchs and African leaders have in the past used the Swiss franc as a haven of security, so now would the Scottish pound be seen as a good hedge against inflation and devaluation and the Scottish banks could expect to find themselves inundated with a speculative inflow of foreign funds.
This paper has shown that the advent of North Sea oil has completely overturned the traditional economic arguments used against Scottish nationalism. An independent Scotland could now expect to have massive surpluses both on its budget and on its balance of payments and with the proper husbanding of resources this situation could last for a very long time into the future
It would be a big kick in the nuts of EU/globalists if Scotland declared independence.
originally posted by: OtherSideOfTheCoin
a reply to: BornAgainAlien
It would be a big kick in the nuts of EU/globalists if Scotland declared independence.
Not really considering that the first thing a independent Scotland will be doing is sending of applications to join the EU, the UN and NATO.
originally posted by: Scotscorps84
been aware of this for a good good while.
Recently David Cameron was in Shetland they wont say why other than it is not connected to oil. There are some very big claims it is connected to a find at Shale. Rumored to be a substantial find google it if you are interested.
The entire NO campaign is based on lies, conspiracy and deceit.
originally posted by: OtherSideOfTheCoin
a reply to: BornAgainAlien
The "yes" campaign want to keep the EU, NATO, UN, keep the bank of England and even keep the queen as head of state.
originally posted by: OtherSideOfTheCoin
a reply to: BornAgainAlien
The "yes" campaign want to keep the EU, NATO, UN, keep the bank of England and even keep the queen as head of state.
originally posted by: OtherSideOfTheCoin
a reply to: BornAgainAlien
It would be a big kick in the nuts of EU/globalists if Scotland declared independence.
Not really considering that the first thing a independent Scotland will be doing is sending of applications to join the EU, the UN and NATO.
originally posted by: Maxatoria
originally posted by: OtherSideOfTheCoin
a reply to: BornAgainAlien
It would be a big kick in the nuts of EU/globalists if Scotland declared independence.
Not really considering that the first thing a independent Scotland will be doing is sending of applications to join the EU, the UN and NATO.
and the terms of membership may not be as kind as they would hope as they'll have to take the euro as the currency but who knows that the interim currency will be worth
originally posted by: Maxatoria
originally posted by: OtherSideOfTheCoin
a reply to: BornAgainAlien
It would be a big kick in the nuts of EU/globalists if Scotland declared independence.
Not really considering that the first thing a independent Scotland will be doing is sending of applications to join the EU, the UN and NATO.
and the terms of membership may not be as kind as they would hope as they'll have to take the euro as the currency but who knows that the interim currency will be worth
originally posted by: Maxatoria
originally posted by: OtherSideOfTheCoin
a reply to: BornAgainAlien
It would be a big kick in the nuts of EU/globalists if Scotland declared independence.
Not really considering that the first thing a independent Scotland will be doing is sending of applications to join the EU, the UN and NATO.
and the terms of membership may not be as kind as they would hope as they'll have to take the euro as the currency but who knows that the interim currency will be worth