Billions of pounds wiped from value of Scottish firms after yes vote

originally posted by: AngryCymraeg

originally posted by: Soloprotocol

originally posted by: angryhulk

originally posted by: Soloprotocol
here we go again...this answer was to you not angry hulk, you seem to have omitted that obvious fact..

I wasn't involved? And he isn't saying that was directed to me.

Yes he is, and i believe Angryhulk and AngryCymraeg to be one and the same person..I'll ask the mods to check the IP address, should be easy enough to clear up.

Why would you possibly think that??? Please go ahead. I expect an apology afterwards for wasting their time.

Hmm.... more deflection.

Yeah, but could you be specific on what Waves have already been sent through the Financial and currency Markets..cheers Solo.

originally posted by: Soloprotocol

originally posted by: AngryCymraeg

originally posted by: Soloprotocol

originally posted by: angryhulk

originally posted by: Soloprotocol
here we go again...this answer was to you not angry hulk, you seem to have omitted that obvious fact..

I wasn't involved? And he isn't saying that was directed to me.

Yes he is, and i believe Angryhulk and AngryCymraeg to be one and the same person..I'll ask the mods to check the IP address, should be easy enough to clear up.

Why would you possibly think that??? Please go ahead. I expect an apology afterwards for wasting their time.

Hmm.... more deflection.

Yeah, but could you be specific on what Waves have already been sent through the Financial and currency Markets..cheers Solo.

????????? Why are you asking me that?

originally posted by: AngryCymraeg

originally posted by: Soloprotocol

originally posted by: AngryCymraeg

originally posted by: Soloprotocol

originally posted by: angryhulk

originally posted by: Soloprotocol
here we go again...this answer was to you not angry hulk, you seem to have omitted that obvious fact..

I wasn't involved? And he isn't saying that was directed to me.

Yes he is, and i believe Angryhulk and AngryCymraeg to be one and the same person..I'll ask the mods to check the IP address, should be easy enough to clear up.

Why would you possibly think that??? Please go ahead. I expect an apology afterwards for wasting their time.

Hmm.... more deflection.

Yeah, but could you be specific on what Waves have already been sent through the Financial and currency Markets..cheers Solo.

????????? Why are you asking me that?

My Mistake was directed at Loque76.

originally posted by: Loque76
a reply to: Soloprotocol

Hi again Soloprotocol

I suppose the best answer would be 'once an economist graduate always an economist graduate'. I specialised in classical, neo-classical and supranational economics so I always like to keep current with economic issues and relevant case studies.

I spent a time studying behavioural economics which primarily focuses on marketplace irrationality. Simply put financial systems should never collapse but they do because of the human factor in economic systems.

I think in my questioning I'm trying to rationalise the reasoning and economic implications of Scottish independence. I do not want to see a nation state slide back into recession because of voter apathy to the issue.

This is why I'm trying to get answers from those with vested interests.

Thanks again,

-Loque76-

Yeah, but could you be specific on what Waves have already been sent through the Financial and currency Markets..cheers Solo.

a reply to: Soloprotocol

Hi Again

I was trying to get some info for you but didn't want to use BBC as a source as I know how much contention the BBC are causing in the Scottish press.

Down fluctuation > www.poundsterlinglive.com...

Up fluctuation > uk.finance.yahoo.com...

I've put both to highlight the uncertainty implications. It's interesting to watch how a poll of lets say - 1000 people can affect a global currency market.

So to speak in hypothetical terms - if a multi million/billion £ industry player had lots of money tied up in sterling reserves or sterling bonds then a few percentage points off of the value of sterling would incur a huge cost to them.

This could result in a mass exodus of sterling face value into another currency and hence a massive devaluation.

With a devaluing of sterling it would write off a portion of the value of any savings of UK or independent Scottish citizen.

It would also increase the value of imported goods, pushing up the cost of consumer goods to the average person.

THIS IS ALL HYPOTHETICAL however the great thing with economics is actions and reactions are predictable...this is how market traders make lots of money.

EDIT - sorry I had to make an edit because the symbols cut a bit of my post out.

Cheers

-Loque76-

originally posted by: Soloprotocol

Yeah, but could you be specific on what Waves have already been sent through the Financial and currency Markets..cheers Solo.

Well there was something on my post that you dissed on page 14,

paragraph 6. If you even read it!! >>>>


**The events of last week made that clear: the pound falling to its

lowest level in 10 months and billions wiped off the value of Scottish

firms as the cost of separation dawned on the financial markets**

originally posted by: eletheia

originally posted by: Soloprotocol

Yeah, but could you be specific on what Waves have already been sent through the Financial and currency Markets..cheers Solo.

Well there was something on my post that you dissed on page 14,

paragraph 6. If you even read it!! >>>>


**The events of last week made that clear: the pound falling to its

lowest level in 10 months and billions wiped off the value of Scottish

firms as the cost of separation dawned on the financial markets**

just to throw something back at you...10 months ago the polls showed the No camp were winning. Are we supposed to believe that with the polls now showing in favour of the Yes camp the main reason the for markets taking a nosedive is because of the results of that particular poll.?

Is it inconceivable for us to believe the Markets took a nosedive because of uncertainty in the middle east and had nothing to do with Scotland whatsoever.?

Yeah, We are better together. rUK and Gideon have it all under control.
5596 jobs gone...just like that.

Excellent, why would anyone want to leave the UK is beyond me.
913,138 people received three days’ emergency food from Trussell Trust foodbanks in 2013-14 compared to 346,992 in 2012-13

The official government report advised that the Treasury has advised against an independent Scottish currency union.
The government has to take the advice of the Treasury.

I suggest all those interested in the reality of the matter, read this report.

www.gov.uk...

Chapter 4:
Conclusion
4.1 The UK is a successful union because taxation, spending, monetary policy and financial
stability policy are co-ordinated across the whole UK. It means risks are pooled, there is a
common insurance against uncertainty and no one area or sector of the larger economy is
too exposed.

4.2 Within a sterling currency union, an independent Scottish state would find it more difficult
to adjust to the effects of economic challenges, such as a fall in the global oil price, than
Scotland currently does as part of the UK. The continuing UK would become unilaterally
exposed to much greater fiscal and financial risk from a separate state. Greater fiscal risk
would come from UK taxpayers being asked to support the wider economy of another
state and also financial risk were banks from that state to fail.

4.3 The conclusion of HM Treasury’s Assessment of euro membership in 2003 was to advise
the UK Government against joining Economic and Monetary Union. The subsequent
experience of the euro area in the financial crisis has confirmed the economic reality of
HM Treasury’s Assessment. It has also highlighted additional challenges of creating a
durable and effective currency union, illustrated by the very difficult economic adjustments
required by some members and the financial risks that have been accepted by other
members and their taxpayers.

4.4 On the basis of the scale of the challenges, and the Scottish Government’s proposals for
addressing them, HM Treasury would advise the UK Government against entering into a
currency union. There is no evidence that adequate proposals or policy changes to enable
the formation of a durable currency union could be devised, agreed and implemented by
both governments.

In addition to the fact that there won't be an independent currency union as detailed in this government report, Scotland would also be excluded from the EU and NATO and could not rejoin either without agreement from all members, which i very unlikely.

www.gov.uk...

Conclusion
1.67 In an interconnected, interdependent world, the security and prosperity of the rest of the
globe have an important and tangible effect on security and prosperity at home. The
UK, as one of a handful of countries with global influence and interests, can go some
way to shaping its environment, identifying and tackling threats and spotting and seizing
opportunities. The ways in which it does this are explored further in the following chapter.

1.68 By drawing on the resources of the UK’s international trade network and expertise to
support particular Scottish interests, Scotland gets the best of both worlds: the flexibility to
target resources to priority areas overseas; as well as the strength and certainty provided
by the worldwide reach and influence it has as an integral part of the UK. Scottish-based
companies regularly form part of trade delegations which accompany UK Ministers around
the world. Companies based in an independent Scottish state would lose access to the
global UKTI and wider FCO networks and to the UK Government services to Scottish
exporters and for investors into Scotland.

1.69 In the event of a vote for independence, an independent Scottish state would be
responsible for its citizens in any country where it had representation of any kind. It is likely,
at least in the short term, that people with sole Scottish citizenship would be dependent
on other countries for consular assistance.

m.timesdaily.com...

In breaking away from the rest of the United Kingdom, Scotland would automatically find itself outside both the EU and NATO, and have to reapply to join both, officials from those Brussels-based organizations have stressed.

For the EU especially, Scottish re-entry could be a long and arduous process, with other countries dead set against letting the Scots retain the privileges awarded Britain: the so-called opt-outs from being required to use the euro single currency and to join the multination Schengen zone where internal border controls have been scrapped.

For NATO's admirals and generals, the current Scottish government's insistence on a sovereign Scotland becoming free of nuclear weapons would pose enormous strategic and operational headaches, even if a transitional grace period were agreed on. A new home port would have to be found for the Royal Navy's four Trident missile-carrying submarines and their thermonuclear warheads, currently based on the Clyde.

This "risks undermining the collective defense and deterrence of NATO allies," Britain's Ministry of Defense has said. In what might be read as a warning to the Scots, the ministry has said a nuclear-free stance could constitute a "significant" hurdle to Scotland being allowed back into NATO.

I strongly suggest all those that are interested in the truth and reality of an Independent Scotland read these government reports, there are many, covering many aspects.

The most recent report is here and is a conclusion and summary of all the reports listed here.

originally posted by: theabsolutetruth
I strongly suggest all those that are interested in the truth and reality of an Independent Scotland read these government reports, there are many, covering many aspects.

www.gov.uk...

Yes, but don't you know that all those Government reports were hand-dictated by Osbourne and Cameron in the Official Government No Bunker, in conclave with evil International bankers, the ghosts of Hengist and Horsa, a collection of Freemasons, various newspaper proprietors, several reptilians and Lord Lucan, the latter sitting on Shergar? Where have you been????

IAN Godden, a leading figure in the Scottish oil and defence industries, accused the No campaign of “relentless scaremongering”, particularly over oil, currency and Scotland’s competitiveness.

“However, having agonised over the issues, and to some extent been involved in the early stages of the Better Together campaign, I am now very clear on what Scotland should do.

Backing No campaign would be a vote for the long-term decline of Scotland, says Scottish oil boss

originally posted by: Soloprotocol

just to throw something back at you...10 months ago the polls showed the No camp were winning. Are we supposed to believe that with the polls now showing in favour of the Yes camp the main reason the for markets taking a nosedive is because of the results of that particular poll.?

As the cost of separation dawned on the financial markets

Could there not be a clue in that???

a reply to: Soloprotocol

But anyone who raises any legitimate questions and doubts about the lack of clarity, vision and actual details about iScotland are immediately demonised as 'scaremongering' and 'negativity'.

Anyone who has the temerity to ask a probing question is immediately labelled a 'traitor' etc.

Both camps trot out their own respective 'experts' and blindly quote their viewpoint whilst blatantly ignoring the holes in their arguments or the plethora of 'experts' in the opposing camp who have alternative viewpoints.

If people could take a step back and try to look at it objectively from the outside I suspect many would be appalled.

I have heard many interviewee's comments stating that *Its up to the

Scots to decide*

I agree with that statement whole heartedly (even if they make a wrong

call)

However it got me thinking as to *why all the Scots nationals living in various

other parts of the UK aren't getting a say in one of, if not the biggest change

to their country in 300 years?

Are they not Scottish enough to have their say? or are the *yes* voters afraid

that maybe there will be to many more *no* votes !?

originally posted by: Soloprotocol

originally posted by: angryhulk

originally posted by: Soloprotocol
here we go again...this answer was to you not angry hulk, you seem to have omitted that obvious fact..

I wasn't involved? And he isn't saying that was directed to me.

Yes he is, and i believe Angryhulk and AngryCymraeg to be one and the same person..I'll ask the mods to check the IP address, should be easy enough to clear up.

By now you should have heard back from the Mods about the above. Can I have my apology from you now please?

a reply to: AngryCymraeg

However, unless the bigotry brigade put down their pitchforks and step off the Braveheart whimsy bandwagon and allow some reality into their fantasy, they might wake up finding themselves more trashed by Salmond and co than they could ever imagine all the politicians (inc plenty of Scots) and Prime Ministers (inc recently all of Scottish descent) of Westminster ever did or could!.

I suggest reading the articles, at least the summary.

Scotland has 100 years worth of Oil left, Westminster's runs out on friday.