Nicola Sturgeon

[Iluvfriends]

Is a hypocrite.

Boris will be 'picking a fight with the democratic wishes of the Scottish people' and ' the only people that can decide the future of Scotland are the Scottish people'

Forgive me if i'm being stupid but didn't we already have a vote on independence, how did that go. Oh that's right......not how NS wanted so she ignores the democratic wishes of the Scottish people and pushes for Indy 2.

Laughable how she comes out with this stuff.

[quote Sandinyourshoes]Interesting article on all the freebies

www.effiedeans.com/2021/04/the-snp-promises-horse-with-horn.html[/quote]
"But this makes the SNP argument amount to we will give you lots of free things that we can only afford because we get money from England, while at the same time despising the English for sharing their money with us, while continually demanding an independence referendum which would cut off the revenue that enables us to buy the free bicycles."

What a pile of rubbish. On so many levels.

Typical democracy of modern times - Ask a question in a referendum and when the answer is not what you want just have another referendum to try and get the answer you wanted.
It seems that a "once in a generation" vote has beco e rather different or that a generation in Scotland is only 6years or so!

[quote WouldBeGood]@SteveArnottsCodeine sadly we’d be very unlikely to get into the EU. It wouldn’t be possible under the current SNP plan of using the pound as we would not have control of our currency.

If we were ever able to scrape together the billions needed to set up a currency it would come with austerity and difficult to meet economic requirements, as well as a hard border with England which would be economically and practically horrendous.

It’s a pipe dream.[/quote]
Erm, having our own currency is most certainly 'the plan'. I'm sure we went over this a few days ago.

The change to Euros happened in 3 years and that was across multiple counties and currencies. It's most certainly not a pipe dream.

Estonia took 10 months for the Kroon, Slovakia took 1 month and 7 days for the Korean and Moldova 27 months for the Leu. It's perfectly do-able.

Interestingly, Quebec has learned from the narrow margins of its referendum of 1995 and has stepped away from them since.

Sigh. Where are the reserves required to set up a Scottish currency going to come from Starry? Professor Ronald MocDonald estimates 40bn is needed.

Denmark is of comparable size of population and has 65 billion.

@Graffitiqueen

Sigh. Where are the reserves required to set up a Scottish currency going to come from Starry? Professor Ronald MocDonald estimates 40bn is needed.

We literally went over this last night or the night before.

I don’t know where this money will come from.

And NS said the plan is to keep using the pound for the foreseeable “until conditions are right” etc

You don't like to answer questions directly do you starry? You still haven't answered my earlier question about how exactly Scotland manages to spend more than it earns in tax revenue. Where does that money come from?

I don't recall discussing reserves to set up a currency with you at any point. So could you answer the question please?

Starry didn’t know what they were the other night

Oh here we go again Graffiti
"Answer the question what eXaCTly ... "

FFS

@Calyx72

Oh here we go again Graffiti "Answer the question what eXaCTly ... "

FFS

Yes and we're going to keep doing it every time someone posts some unsubstantiated nonsense. There could be several years to a referendum. Hope you have the stamina.

I think it’s really important these questions are asked although I’m not expecting answers.

Our new currency will not simply be given out for free - it will be bought by exchanging it one for one with Sterling. These then become the foreign reserves of the Scottish central bank. £40bn in the first phase and a potential of £160bn in the Scottish economy, far more than is necessary.
Bearer bonds could also be sold to foreign investors.

@WouldBeGood

Starry didn’t know what they were the other night

I must be living in a parallel universe.

I posted a comment by accident which wasn't my full post and then explained what you'd asked. I've now explained it again.

Graffiti I don't mean to be rude but I can't waste more time explaining things that you don't take in. We don't 'get money' from England or the UK. I sent you a very straightforward, simple video on deficits about four hours ago. I'm going to sleep.

@StarryEyeSurprise

I posted a comment by accident which wasn't my full post and then explained what you'd asked. I've now explained it again.

Graffiti I don't mean to be rude but I can't waste more time explaining things that you don't take in. We don't 'get money' from England or the UK. I sent you a very straightforward, simple video on deficits about four hours ago. I'm going to sleep.

Which didn't explain anything about Scotland's unique position. I wasn't asking what a deficit is. You didn't answer the question asked. Probably why you didn't get a first in your economics degree.

@StarryEyeSurprise

Our new currency will not simply be given out for free - it will be bought by exchanging it one for one with Sterling. These then become the foreign reserves of the Scottish central bank. £40bn in the first phase and a potential of £160bn in the Scottish economy, far more than is necessary. Bearer bonds could also be sold to foreign investors.

Oh wow!! This sounds so... simple? Why don't you tell the snp thisthat'll clearly close off this particular question 🙄

You really think there will be a 1-1 exchange with Sterling?!

You're just being rude.

Yep!

Now answer the actual question. Where does the money come from that allows Scotland to spend more than it earns?

I don't know why I'm bothering but it's the same way any country which is going through a time
of deficit, borrowing.

The state needs to actually genuinely spend the money by buying something and not just handing it out to banks and hoping they do something useful with it. The current Covid QE is different to the QE before as this time the money is going to real people (e.g. furlough), business, and of course best mates of Sunak.

If in 2010 the state had created £100 billion and used it for e.g. a council house building programme there would have been a massive positive improvement on the economy. As it was the QE had little effect other than increasing the wealth of the top few %.

Really? Scotland is able to spend more than it earns by borrowing? Where from?

Not sure what all the rest of the words relate to but they certainly are irrelevant to the question?

QE - we discussed this the other night too. It's basically the state borrowing from itself and no, it's not a cash gift from England.

An Indy Scotland would do the same. I mention other countries as you appear to believe that Scotland is somehow different from other countries.