Jeremiah Cole Posted March 12, 2019 Share Posted March 12, 2019 On 09/03/2019 at 20:26, Baxter Parp said: https://www.weforum.org/agenda/2018/02/retirees-in-these-countries-receive-100-of-a-working-salary/ https://www.ftadviser.com/pensions/2018/02/13/uk-state-pension-worst-in-the-developed-world/ https://www.telegraph.co.uk/news/2017/12/05/uk-state-pensions-ranked-worst-developed-world/ https://www.theguardian.com/money/2017/dec/05/oecd-uk-has-lowest-state-pension-of-any-developed-country That's a lot of fake news, buddy. Deary me, its the SAME fake news! 0 Quote Link to comment Share on other sites More sharing options...
yoda Posted March 12, 2019 Share Posted March 12, 2019 1 hour ago, Rodhull said: Didn't he claim a new currency would need about 300 billion before? I can't imagine he's in favour of any circumstance for Independence. No, that was spin by journalists who didn't read what he wrote. From what I remember, the "£300 billion" figure was if the iScotland took an approach that tied the Scottish £ to the UK £ (the direct comparison was Hong Kong which pegs the HKD to the USD and has hundreds of billions of reserves). The more realistic figure was £30 billion of forex reserves, like Norway. In a blog post from 2014: Quote This then leaves a separate currency as the only viable economic option for an independent Scotland... As we have noted, an independent Scotland is unlikely to have sufficient foreign exchange rates to run a fixed exchange rate regime and so the exchange rate of an independent would, at least initially, have to be free floating; that is, determined by the interaction of the demand and supply for its currency on international markets. An independent Scottish Government that has no track record in raising the revenues to pay for its expenditure would need in the transition period to run fiscal surpluses to create the required credibility in international capital markets. In other words, the government of an independent Scotland would need to run an austerity programme with all of the implications this would have for taxation and public spending. However, once the Scottish Government’s reputational credibility had been established in international markets it would then be able to design an optimal exchange rate policy – one designed for both its oil and non-oil sectors - such as the kind of managed float used by Norway. But how long would the transition be and how bearable would it be to residents of Scotland? But yeah, he's not going to be backing independence any time soon. However, he's literally argued that an independent currency is Scotland's best option. 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 12, 2019 Share Posted March 12, 2019 But yeah, he's not going to be backing independence any time soon. However, he's literally argued that an independent currency is Scotland's best option. 30 billion of reserves. How much reserves does the BOE hold ? Do they really want us changing our share of the reserves and the debt to another currency so soon after a yes vote. Sterlingisation is the best option short term for both sides....they just won't admit it before a vote. 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted March 12, 2019 Share Posted March 12, 2019 9 minutes ago, AUFC90 said: 30 billion of reserves. How much reserves does the BOE hold ? Do they really want us changing our share of the reserves and the debt to another currency so soon after a yes vote. Sterlingisation is the best option short term for both sides....they just won't admit it before a vote. Between them HMG and BoE had $198bn of reserves in December 2018. So our share would be $16bn-ish. 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 12, 2019 Share Posted March 12, 2019 Between them HMG and BoE had $198bn of reserves in December 2018. So our share would be $16bn-ish. Does that include gold and foreign currency ? 0 Quote Link to comment Share on other sites More sharing options...
Tibbermoresaint Posted March 12, 2019 Share Posted March 12, 2019 (edited) 7 minutes ago, AUFC90 said: 14 minutes ago, Tibbermoresaint said: Between them HMG and BoE had $198bn of reserves in December 2018. So our share would be $16bn-ish. Does that include gold and foreign currency ? These are the international reserves. Edit: Gold is included. Edited March 12, 2019 by Tibbermoresaint Additional information 0 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted March 12, 2019 Share Posted March 12, 2019 Indeed not. But ,unfortunately, we voted as the UK, hellish though the result was.Even with that argument one could argue that no attempt has been made to keep the 48% Remain vote happy. No attempt at soft Brexit. Any attempt to soften Brexit by the SNP has been ignored. And it certainly isn't democratic to constantly avoid the debate or thwart the debate as May has done. 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted March 12, 2019 Share Posted March 12, 2019 28 minutes ago, DeeTillEhDeh said: Even with that argument one could argue that no attempt has been made to keep the 48% Remain vote happy. No attempt at soft Brexit. Any attempt to soften Brexit by the SNP has been ignored. And it certainly isn't democratic to constantly avoid the debate or thwart the debate as May has done. IIBH, I never thought it was possible for the Tories to return a soft Brexit, this whole shitstorm started because of the Brexiteers in the Tory party so there's no way that a Brexit not acceptable to them was going to be happening, we've had May kicking the can around aimlessly for years now knowing that this was going to be the outcome. 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted March 12, 2019 Share Posted March 12, 2019 0 Quote Link to comment Share on other sites More sharing options...
Donathan Posted March 12, 2019 Share Posted March 12, 2019 5 minutes ago, Gaz FFC said: 1 Quote Link to comment Share on other sites More sharing options...
Inanimate Carbon Rod Posted March 12, 2019 Share Posted March 12, 2019 Despite me being an SNP fan, Newlands is a massive arsehole and I wouldnt be surprised if yet again he’s making a tit of himself. 1 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted March 12, 2019 Share Posted March 12, 2019 IIBH, I never thought it was possible for the Tories to return a soft Brexit, this whole shitstorm started because of the Brexiteers in the Tory party so there's no way that a Brexit not acceptable to them was going to be happening, we've had May kicking the can around aimlessly for years now knowing that this was going to be the outcome. The ERG are a relatively small group who have more power than their size merits - the ease with which May defeated them when they challenged her shows she should have stood up to them 2 and a half years ago. 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted March 12, 2019 Share Posted March 12, 2019 (edited) 11 minutes ago, DeeTillEhDeh said: The ERG are a relatively small group who have more power than their size merits - the ease with which May defeated them when they challenged her shows she should have stood up to them 2 and a half years ago. Did she really defeat them, she's not been able to do a fart without conferring with them 1st. Edited March 12, 2019 by ayrmad 0 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted March 12, 2019 Share Posted March 12, 2019 Did she really defeat them, she's not been able to do a fart without conferring with them 1st.It's bizarre to say the least. The votes have always been there to beat them but she's always been too feart to take them on. 0 Quote Link to comment Share on other sites More sharing options...
Deanburn Dave Posted March 12, 2019 Share Posted March 12, 2019 The Euro is a suicide note. Scotland could easily have it's own currency. Scots have done some great deeds over the centuries but when it comes to money we have a reputation for being generally cautious. When Project Fear MK2 kicks in and whataboutery reigns supreme a Scottish currency will be hard to sell to a big chunk of voters. Euro a better and more persuasive option IMO . 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted March 12, 2019 Share Posted March 12, 2019 8 minutes ago, DeeTillEhDeh said: It's bizarre to say the least. The votes have always been there to beat them but she's always been too feart to take them on. It's just my opinion but I've never felt any Tory PM could return a soft Brexit without the Tories splintering, IMHO it's all just been a big game designed to run down the clock whilst kidding the population at large on that a soft Brexit was an option, anything involving freedom of movement was not an option to the Tories at any point and being in the Customs Union without it was never a possibility from the EU's point of view. 1 Quote Link to comment Share on other sites More sharing options...
Crùbag Posted March 12, 2019 Share Posted March 12, 2019 23 hours ago, Donathan said: Of course they’re going to say that. Their argument is that there is no viable currency for an independent Scotland and thus the most viable option is to stay in the UK. We 'aint independent yet. 1 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted March 13, 2019 Share Posted March 13, 2019 On 12/03/2019 at 14:04, Jeremiah Cole said: Deary me, its the SAME fake news! From the Guardian, the Financial Times, The Telegraph and the OECD, no less. Seek help. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted March 13, 2019 Share Posted March 13, 2019 On 12/03/2019 at 19:40, MixuFixit said: Sounds suss as Luke Graham usually keeps a low profile. He's still a twat who as far as I know doesn't normally live in Scotland, let alone his constituency. Graham says he was talking about Wales at the time. 0 Quote Link to comment Share on other sites More sharing options...
Jeremiah Cole Posted March 14, 2019 Share Posted March 14, 2019 (edited) 17 hours ago, Baxter Parp said: From the Guardian, the Financial Times, The Telegraph and the OECD, no less. Seek help. Yes, those 3 newspapers, no less, have written articles from the same OECD data without bothering to understand the data Its quite clear that you haven't actually read the articles never mind, read the OECD data And even if you did, its quite clear you wouldn't be able to understand it Edited March 14, 2019 by Jeremiah Cole 0 Quote Link to comment Share on other sites More sharing options...
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