Did Salmond Actually Think It Through?

[youngmafbog]

So what was Salmond smoking when he thought he could automatically keep the pound and stay in the EU? for many of us it was the immediate question but he seems to have assumed from the start a status quo.

I still dont see how Scotland can have full independance with the pound and I also can't see the point of fighting for independance only to sign up to the EU Masters to become a slave of Germany.

I like this quote:
However, the Chancellor will have to wake up to the fact that he cannot lay claim to assets to which Scotland has a share - such as the Bank of England

Err - Back of England Salmond - the clue is in the name, it is not the Bank of Britain!

And if the assets are shared then surely the vote in/out should be for the whole of the UK since they are directly affected?

And from Jose Manuel Barroso, president of the EU's ruling body, the European Commission: "Scottish membership would be extremely difficult, if not impossible". With the likes of Spain struggling with separatists is id highly unlikely Scotland would get an easy ride.

I'm still backing Salmond for a Yes vote though.

[brionon]

It needs only One country of the EEC to say NO-don't you get it ???

[emmie]

sir.p of course they can always go down the Ireland route, join, no, join no, join, oh all right then.

[tamborine]

If they retain the monarchy they will be entitled to use the Queens currency

[emmie]

he rather magnanimously decided that he does want to keep the Queen,

[Quizmonster]

I often wonder, Emmie, whether you ever actually read your own links. This time you perhaps failed to spot the words (quote) "the plan which had been proposed by William Patterson three years before..."
He was the Scotsman I referred to and it is obvious that the man you credit merely presented the same plan and the government then went ahead with it. It plainly remained Patterson's plan.

[emmie]

i did.

[emmie]

not acted upon, so he didn't get it though


After the House of Commons he rose quickly, becoming one of the Commissioners of the Treasury and a member of the Privy Council. In 1694 he became Chancellor of the Exchequer, in reward for having devised the establishment of the Bank of England, the plan which had been proposed by William Patterson three years before, but not acted upon. In 1695 was involved in the successful recoinage project. In 1698, having been appointed to the first Commission of the Treasury, he was also one of the regency in the King's absence. The next year he was made Auditor of the Exchequer, and the year after created Baron Halifax, of Halifax in the County of Yorkshire, with remainder to his nephew George Montagu. His impeachment by the Commons failed, when the Articles were dismissed by the House of Lords.

[emmie]

like claiming for an invention you thought of but didn't put into practice.

[Quizmonster]

Maybe, but your guy didn't even think of it, did he? He simply re-presented it to the government, no doubt using the exact same arguments already contained in Patterson’s pamphlet. Your 'failed invention' comparison doesn't really stand up.
Here’s what Wikipedia says about Patterson.
“In 1694, he founded the Bank of England, described in his pamphlet A Brief Account of the Intended Bank of England, to act as the English government's banker. He proposed a loan of £1.2m to the government; in return the subscribers would be incorporated as The Governor and Company of the Bank of England with banking privileges including the issue of notes. The Royal Charter was granted on 27 July 1694.”

[emmie]

he's not my guy, but this thing about well he was a Scot who did it so there, is tiresome.

[Quizmonster]

I simply meant the guy you referred to; I wasn't suggesting he was your boyfriend!
I'm not really surprised that you fail to see the difference between a 'failed' invention and a 'stolen' one.

[emmie]

there are rarely new inventions, merely recycled ideas, if you look at the works of Leonardo Da Vinci, he was an innovator, but did he get some of his ideas from others, likely.

[Brenden]

If he is allowed to keep the "Pound" will the bank of england be responsible for scottish banks debts and bail outs?

[emmie]

there is the rub.

[Gromit]

// will the bank of england be responsible for scottish banks debts and bail outs? //

No it won't.

But Scotland will be at the mercy of the UK Chancellor and his performance. When the pound was devalued and we needed a loan off the IMF it was painful medicine for Ireland whose currency was linked with Sterling. Any furure Scottish Government will have to live with Bank of England policy which may not always be in their best interests.

[emmie]

i actually think they will. After reading Mark Carney's words on that matter.

[jomifl]

Apparently wee'ecks Scotland can unilaterally leave the the union (which they originally joined to save themselves from bankruptcy) but the remaining part of the UK cannot unilaterally decide not to join a currency union with an independant Scotland. He really is completely bonkers.

[DaisyNonna]

To be a politician one has to be incapable of joined up thinking

[emmie]

jom they were bankrupt. tam o shanter in hand to the King, perhaps we could ask for some of it back. x

[DTCwordfan]

Agree.

This really is a waste of £ and time, a stupid distraction from more important economic, trade, society and international matters. Cameron is right to ignore this flea sitting on his arsshole like an annoying Clegg-fly. Why - because, even now, the polls are indicating 2/3rds of Scots rejecting independence as the Haggis sees it and, sorry Alex, you ain't likely to close this gap with under 6 months to run now.

And if you think the the EU, Spanish, Carney and the BP Chairman have not put up salient and valid points of concern, then you are truly delusional; there's also a huge amount more of this to come!