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All of this doesn't really matter, the UK is bankrupt.
Originally posted by christina-66
reply to post by RockLobster
"Scotland could create their own currency without even having to lean on the Euro at all. "
distribute it to all corners of scotland , and have it recognised as legal tender , then recall all British Sterling and replace it with Scottish currency ........... over-night ? Yeah , Narnia`s that way --- >
We already have the Scottish pound.....we have always used the Scottish pound. The Scottish pound is not recognised as an international currency so before I go abroad I simply go to the local bank and exchange my Scottish pounds for either the local currency of my destination or for Bank of England notes. What precisely requires to change in that scenario should we vote for independence?
Originally posted by Freeborn
reply to post by Vitchilo
All of this doesn't really matter, the UK is bankrupt.
No it isn't.
That's a myth Cameron and his cronies are promoting so they can further their agenda of taking the UK back to some sort of Victorianesque society.
Originally posted by johnrobca
What about the RBS bailout costs? Surely this debt would be Scottish .... have it back!!!
Originally posted by bigyin
Originally posted by johnrobca
What about the RBS bailout costs? Surely this debt would be Scottish .... have it back!!!
It was the UK Labour government through Chancellor Darling who decided to bail out RBS. The UK Government now owns most of the bank. An independent Scotland wouldn't waste money buying it back off them. The UK government were stupid to bail it out in the first place but it was their decision to throw money at a failed private company. Mind you it was them that let things get so bad in the first place.
Are Scottish & Northern Irish notes legal tender?
In short ‘No’ these notes are not legal tender; only Bank of England notes are legal tender but only in England and Wales.
The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved. Legal tender has a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he owes under the terms of a contract, he has good defence in law if he is subsequently sued for non-payment of the debt. In ordinary everyday transactions, the term ‘legal tender’ has very little practical application.
Originally posted by bigyin
Originally posted by johnrobca
What about the RBS bailout costs? Surely this debt would be Scottish .... have it back!!!
It was the UK Labour government through Chancellor Darling who decided to bail out RBS. The UK Government now owns most of the bank. An independent Scotland wouldn't waste money buying it back off them. The UK government were stupid to bail it out in the first place but it was their decision to throw money at a failed private company. Mind you it was them that let things get so bad in the first place.
Originally posted by christina-66
reply to post by RockLobster
Are Scottish & Northern Irish notes legal tender?
In short ‘No’ these notes are not legal tender; only Bank of England notes are legal tender but only in England and Wales.
The term legal tender does not in itself govern the acceptability of banknotes in transactions. Whether or not notes have legal tender status, their acceptability as a means of payment is essentially a matter for agreement between the parties involved. Legal tender has a very narrow technical meaning in relation to the settlement of debt. If a debtor pays in legal tender the exact amount he owes under the terms of a contract, he has good defence in law if he is subsequently sued for non-payment of the debt. In ordinary everyday transactions, the term ‘legal tender’ has very little practical application.
Source - Bank of England
Legal tender or not to tender legal? According to the Bank of England the point is of little to no relevance..
As for the additional points in your post I can do no more than refer you to the earlier pages of this thread where it is made clear that we would be more than happy for you to have ALL the nukes - we never wanted them here in the first place.
Next......?edit on 25-1-2012 by christina-66 because: (no reason given)
So because YOU dont want English and American nuclear submarine bases and warheads - all of Scotland doesnt want them ? Are you even aware of how much money we pay to Scotland every year for this alone ? And how many jobs these bases create ? how old are you .. 10 ? And tell me , who will be willing to trade with a dead currency ? China / America / Russia / Europe ? Look, Scotland has never had it better .... you want independence ? have it, but dont bother coming back. The whole thing is ignorant and un grateful. I`d like to hear what England has been leeching off of Scotland too , currently were paying for your education system , and we foot the bill for your prescriptions . We`ve payed Scotland every year simply for being part of the UK , you do know all the perks dissapear when you walk away right ? What you`ll have is a bit of land , a dead currency , no allies , no oil , and no position on the international stage ...... the future`s bleak , the future`s Scotland. edit on 25-1-2012 by RockLobster because: (no reason given)
Originally posted by RockLobster
reply to post by lovesfood
" I'm not even going to bother writing all the contributions we as a country bring to the union - go figure."
Really ?.... i wonder why
"As a side note - what gives you the impression that Scotland would have no allies..... "
urm .... dont bite the hand that feeds you comes to mind.
"no oil "
most of the oil in the waters around Scotland belongs to numerous companies / countries and Scotland just cannot afford to buy it .
"and no international stage?? "
What can Scotland offer the largest countries and econemies ?......nothing without military power and resources.
"As a nation we have many foreign friends and a wonderful international standing - can the same really be said for our cousins south of the border? "
Yes , and we own more land than Scotland could ever dream of. As a nation were still a strong force on Earth , and Scotland is "the ugly cousin"........... we`ll pay you .....to go......away.
So because YOU dont want English and American nuclear submarine bases and warheads - all of Scotland doesnt want them ? Are you even aware of how much money we pay to Scotland every year for this alone ? And how many jobs these bases create ? how old are you .. 10 ?
And tell me , who will be willing to trade with a dead currency ? China / America / Russia / Europe ?
Look, Scotland has never had it better .... you want independence ? have it, but dont bother coming back. The whole thing is ignorant and un grateful. I`d like to hear what England has been leeching off of Scotland too , currently were paying for your education system , and we foot the bill for your prescriptions .
We`ve payed Scotland every year simply for being part of the UK , you do know all the perks dissapear when you walk away right ? What you`ll have is a bit of land , a dead currency , no allies , no oil , and no position on the international stage ...... the future`s bleak , the future`s Scotland.