Scottish Independence

[tandors 888]

Who'd want civic left wing nationalism anyway. The sunset is red, the dawn is golden.

[foxfan 479]

 

another link, ill not copy and paste it all, if you want information/answers have a read

 

http://www.businessforscotland.co.uk/revealed-the-accounting-trick-that-hides-scotlands-wealth/

 

 

 

I hope that is clear but for absolute clarity let me put it in other words. Scotland paid £64.1 billion (sixty-four thousand one hundred million pounds) interest on debt that Scotland had no need for, simply because we are not an independent country! As a result, on average, £2,000 million was ripped out of the heart of Scotland’s economy every year for 32 years, to pay interest on loans that Scotland didn’t take out and didn’t need. How on earth does that make us better together?

 

Very emotive, but remember, what nation (as a people) did take out or ask for the same loans?, The money was used to bail the banks out.

 

Who'd want civic left wing nationalism anyway. The sunset is red, the dawn is golden.

Careful, you get gaol for that sort of talk in Greece these days.

[Joe67 239]

 

 

another link, ill not copy and paste it all, if you want information/answers have a read

 

http://www.businessforscotland.co.uk/revealed-the-accounting-trick-that-hides-scotlands-wealth/

 

 

 

I hope that is clear but for absolute clarity let me put it in other words. Scotland paid £64.1 billion (sixty-four thousand one hundred million pounds) interest on debt that Scotland had no need for, simply because we are not an independent country! As a result, on average, £2,000 million was ripped out of the heart of Scotland’s economy every year for 32 years, to pay interest on loans that Scotland didn’t take out and didn’t need. How on earth does that make us better together?

 

Very emotive, but remember, what nation (as a people) did take out or ask for the same loans?, The money was used to bail the banks out.

 

Who'd want civic left wing nationalism anyway. The sunset is red, the dawn is golden.

Careful, you get gaol for that sort of talk in Greece these days.

 

 

 

over 32 years?

 

ill have to copy and paste some

 

 

The debt trick

Looking at Scotland’s national accounts (GERS) you can see that there is an expenditure line labelled “Public Sector Debt Interest” in 2011/12. This amounts to £4.1 billion and begs the question. Why does an oil rich nation at a time when oil and energy prices are high have to pay so much interest on debt? No other similar nation with a strong onshore economy and the additional bonus of a large and well established oil and gas sector like Scotland is burdened with such payments.

Note: The £4.1 billion is simply the cost of servicing the interest on a much larger debt, there is no actual capital repayment element in that figure.

So I looked back at 32 years of historic GERS data and found the following quite staggering:

• Every year for 32 years (the entire available data) GERS includes a deduction from Scotland’s block grant equivalent to Scotland’s population percentage share of Westminster debt.
• Over the 32 years, Scotland’s share of UK debt interest amounted to £64.1 billion.
• However, during that time had Scotland been an independent country with its geographic share of oil revenues established under international law (as would be the case under independence) Scotland’s’ borrowing over 32 years would have been zero, nil, nothing, no pounds sterling at all.

I hope that is clear but for absolute clarity let me put it in other words. Scotland paid £64.1 billion (sixty-four thousand one hundred million pounds) interest on debt that Scotland had no need for, simply because we are not an independent country! As a result, on average, £2,000 million was ripped out of the heart of Scotland’s economy every year for 32 years, to pay interest on loans that Scotland didn’t take out and didn’t need. How on earth does that make us better together?

 

 

Conclusion

In the 2011/12 Scottish public accounts, 70% of Scotland’s nominal operating deficit was due to £4.1 billion of interest payments on debt we didn’t need. If Scotland had been an independent country over the last 32 years we would have a cash surplus of around £50 billion even if we assume we would still have had the same expenditure including payments for banking collapse and nuclear weapons etc. If we had invested some of that £50 billion in a sovereign oil fund we would probably now have a much larger fund than Norway’s and our economy could be 25% larger than it is today.

The very fact that the No Campaign can point at Scotland’s economy and even remotely suggest that an independent Scotland would not have a massive advantage is testament both to a massive misinformation campaign over decades and to generations of economic mismanagement of Scotland’s resources by Westminster. Most culpable of all is Alistair Darling. Not only did Alistair Darling fail to reinvest Scotland’s oil wealth but was also asleep at the wheel during the banking collapse and the various banking scandals under his watch.

It is clear to all who investigate more deeply to establish the facts, that Scotland paying £64.1 billion of interest on debts taken out by Westminster to pay for its own failures – does not qualify us as better together. A yes vote will release Scotland’s potential and remove the Westminster shackles, if we vote yes then Scotland’s economy will thrive.

 

[Malt 379]

All those figures fail to mention that if Scotland was in charge of its own total spending under Salmond, the figures would proportionally be far higher as the size of your government grew and your spending increased alongside it.. The argument is based on spending as a percentage of the UK as it is, it doesn't take into account the grand schemes that they would implement..

[Suzy Ross 236]

I'd rather support rangers in the Chip shop cup than vote for independence.

[Malt 379]

Just occurred to me.. Say Salmond gets his way and Scotland go with him. He sticks to his word, the sums add up, he raises the minimum wage above the UK's and living standards go up. Suddenly the country becomes a more attractive place to earn a living than the south of the border.

 

Then there's his love for the EU... What's going to stop the Poles and other Eastern European migrants flooding in there to work? Under his precious EU law, he won't be able to do a thing about it.. They don't come here for the bloody weather, they come here because we are the most attractive option in the whole of Europe, If another one crops up that is more attractive, off they'll go..

 

 

I know, scaremongering, right?

[scothunter 12,609]

not to mention his love for opus dei

[gonetoearth 5,144]

Wee fat slimy has been very quite since labour gave him a thrashing the other week

[BORDERSCOT 3,816]

Salmond wants one thing - Power.. He's using nationalism while we're at a very low ebb to try to impose his will and political philosophies on a nation with no interference from outside.. He don't want independence for the Scottish people, he wants it to gain absolute power there for himself, and nothing else..

 

Spot on....and he can go f**k himself......

[BIGLURKS 874]

Can some 1 tell me salmonds veiws on hunting and what it would happen if Scotland became its own country with hunting acts that Westminster brought in

[scothunter 12,609]

would never let a vote on hunting sway me,my country and future is far more important.lots of things we arent meant to do and we still do.

[Joe67 239]

Wee fat slimy has been very quite since labour gave him a thrashing the other week

 

 

is that because hes been in china for a while, securing trade and bringing money in for scotland, might be called doing his job

[Joe67 239]

Just occurred to me.. Say Salmond gets his way and Scotland go with him. He sticks to his word, the sums add up, he raises the minimum wage above the UK's and living standards go up. Suddenly the country becomes a more attractive place to earn a living than the south of the border.

 

Then there's his love for the EU... What's going to stop the Poles and other Eastern European migrants flooding in there to work? Under his precious EU law, he won't be able to do a thing about it.. They don't come here for the bloody weather, they come here because we are the most attractive option in the whole of Europe, If another one crops up that is more attractive, off they'll go..

 

 

I know, scaremongering, right?

yes mate, you should work for no campain

[gonetoearth 5,144]

 

Wee fat slimy has been very quite since labour gave him a thrashing the other week

 

 

is that because hes been in china for a while, securing trade and bringing money in for scotland, might be called doing his job

. I like you avatar pic of the snp bud

[Joe67 239]

its true mate, while the no campain are talking shite, salmond is securing a deal for scotland. if scotland votes yes, ones things for sure... we wont be any worse off..