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THE BEADY EYE ASKS. SHOULD SCOTLAND GO INDEPENDENT?

02 Saturday Jul 2022

Posted by bobdillon33@gmail.com in independent Scotland

≈ Comments Off on THE BEADY EYE ASKS. SHOULD SCOTLAND GO INDEPENDENT?

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independent Scotland

 

(Five-minute read)

You might say that with all that is going on in the world that this question should be put on the back burner.

However, the history of humans is littered with the lives of the youth’s struggle for self-determination so the process of taking a view on this has to be impeccable if not surreally decorous.

The days of Royalty, Knights, and Lords, being ruled as a subject by the Magna Carta, and lying politicians, have long gone thanks to the Smartphone.

Data is now the king. 

With baying popularism, and the coming mass migration, ( due to climate change )  a written constitution is inevitable, so why not write your own. 

                                       —————–

Nothing is inevitable, but any view of the future of the UK must comprehend the possibility of independence for Scotland within the next decade.

Scotland would be a foreign country;

Even as a friendly one, its cooperation would have to be sought to maintain the integrity of the defense of the British Isles.

Some sort of trade border would have to be negotiated, made more fraught by the possibility of an independent Scotland re-joining the EU- another protocol.

An agreement would need to be reached as to Scotland’s share of the United Kingdom’s existing national debt burden.

The government of an independent Scotland would have a critical decision to make on its currency, but in any circumstance, it would have to set up a central bank.

Systems of governance and cultural interdependency would have to be teased apart, on everything from the national debt and Revenue and Customs databases to the BBC and artifacts held in national museums.

It is very hard to say what independence would look like, other than to say that Scotland would no longer send politicians to sit in the UK parliament in Westminster and that the UK parliament would have no say on how Scotland was governed.

How the two countries would separate themselves would be an enormous question for decision-makers on both sides of the border.

Who or what would be the Head of State of an independent Scotland?

There is no doubt that the UK’s international reputation would take a hit. A country that had turned its back on its near abroad and then fallen apart would not walk tall in international counsel. 

For Northern Ireland, the UK shorn of Scotland would hardly make continued adherence to the union more attractive.

The secession of Scotland would probably accelerate the already evident trend of increasing support for the reunification of Ireland.

It would leave England, with a truculent Wales in tow, turning England into a rump state off the northwest European continent, surrounded by the EU. What sort of country would that be? 

Leaving the family of the UK would mean a load of tough decisions for Scotland with either higher taxes or lower spending. The issues would range from what people would have to do to travel between the two countries – would you need a passport, for example – but also how to divide up resources like the UK’s military or power plants.

The most difficult practical issue will be European Union membership.

Will Scotland somehow stay on in the Union, or be expected to negotiate as a brand new member?

What will Scotland have to pay to – and get from – the EU Budget?

Can Scotland join without committing to joining the eurozone?

Will (say) Spain stand against Scotland joining the Union for fear of encouraging its own separatist tendencies?

In practice, (and after lots of bad-tempered meetings), an independent Scotland will end up joining the EU and NATO, and other European/international organizations.

All of this is the price of self-determination.

At present, over 60% of Scottish exports go to England, Wales, and Northern Ireland.

Scottish Independence would lead to the removal of nuclear weapons from Scotland and probably also the G7 and the G20 and a permanent place on the United Nations Security Council.

An independent Scotland may find it difficult to deny the same rights to those in the Orkneys and the Shetland Islands should they wish for it.

Unionism has no new songs.

Brexit has been and will remain to loosen the social contract binding the Britains union. It is reveling the Union as the English, by the English, for the English. 

The Scottish question now occupies the place held by the Irish Question which still after seven hundred years of occupation has to be resolved. 

All human comments are appreciated. All like clicks and abuse chucked in the bin.

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Think of this Scotland before you vote.

15 Monday Sep 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ 2 Comments

Tags

25 billion euros, Banks, independent Scotland, Ireland, Royal Bank of Scotland, Scotland

What did the big bail out cost the poor tax payer.

Ireland total cost of the bailout to more than €70bn,

AIB will require an additional €13.3bn.

– Bank of Ireland will require €5.2bn.

– ESB will require €1.5bn.

– Irish Life & Permanent (IL&P) will require €4bn.

UK government bailed the banks out to the tune of £123.93bn, and at its peak had liabilities for the banking crisis of £1.2 trillion.

Greece, 166 billion euros in bailout loans,

The USA taxpayers give them an astonishing $83bn subsidy every year.

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

The Fed paid $659.4 million in “fees” to these very same institutions during the period in question. This is not part of the bailout.

OK. So now we have the full picture, right? no wrong!

Officials at the European Commission confirmed plans for a new “financial instrument” based on an existing £42billion. At present, the fund – known as the Balance of Payment Facility – exists to provide emergency loans to non-eurozone EU nations. More than £9billion has already been lent to Latvia, ­Hungary and Romania. Now officials want to extend the scheme to include financial institutions such as banks. The fact is that many banks throughout Europe today have a zombie existence where they continue to exist, attempt to draw in savings, that they cannot get, by offering deposit rates, significantly below the rate of inflation, and live in an existence where they have money to pay staff but yet cannot afford to make loans to support businesses. The banks continue to trade, annually they must increase fees and yet they continue to record annual losses. Their losses are usually met by state guaranteed loans and those states seek daily to extricate themselves from their obligations to these banks.

The bailout enslaved us to the big banks more than ever before creating a “moral hazard”

Next time you hear someone say an independent Scotland could not have afforded the banking bail out, remember how the US Federal Reserve bailed out Barclay’s to the tune of £552.32bn.  It is a fact that the contribution of an independent Scotland’s taxpayers to any bank bail-out that may or may not have been required in an independent Scotland would have been the same as it has been with Scotland part of the UK.

Ask them if they think Scotland would have made the same bank regulation mistakes as the city of London led Westminster government?

In the case of Barclay’s, it fell to the US to support the bank because they were one of the single largest purchasers of US Government debt, so the problem was the US Government’s, not the UK taxpayer’s alone. The US intervened so that its debt market didn’t collapse and to prevent broader consequences for America’s economy and society.

The UK Government bail out of RBS and HBOS amounted to £65bn. That’s a lot of money, but the US Federal Reserve made emergency loans available to RBS of £285bn and to HBOS of £115bn.

The US bailed out these UK banks too, in the same way as Scottish taxpayers contributed to liquidity support for international banks based in London (including American ones).

The whole shindig was a redistribution of money from the poor to the rich.

Just Look at what a mere 25 billion could do.

Serious: Not Serious. 

Buy enough malaria nets to protect the entire malaria-affected population of the world (half a billion people) for 80 years (based on Nothing But Nets figures of $10 a net)

Completely fund the World Food Program for five years.

Repair twice over the damage done to Haiti in the recent earthquake.

Fund enough clean water and infrastructure projects to meet the millennium Development Goals.

Buy up and extinguish the national debt of Bangladesh.

Fund the UNESCO “Information for All” Project for 1200 years.

Provide food aid to Niger for 1000 years.

Asphalt every trunk and regional road (110,000km) of substandard road in sub-Saharan Africa.

Here is what they could have done with in Ireland.

Research & develop 5000 new drugs….one of em’s bound to be useful.

Construct 6 Large Hadron Colliders one all 7 green party TD

Build 5 James Webb Space Telescope (the successor to Hubble), and revolutionist astronomy.

Pay the interest on everyone’s mortgage for 4 years (€147bn of mortgages at 4% is €5.88bn a year)

Abolish income tax for two years (based on 2009 gov income tax receipts of €11.8bn)

Offer everyone on the live register €100,000 to emigrate (we could afford a 50% take-up by the 466,000 on the dole)

Fly the adult population of Ireland to Las Vegas, give everyone 10k to gamble with.

Abolish VAT for two and a half years (based on 2009 receipts of €10.8bn)

Remove excise duty from fuel, tobacco and alcohol until 2015 (based on excise receipts of €4.7bn a year)

Pay the grocery bills of everybody in the country for 2.5 years.

Give every person in the country €5,555.56

Buy half a million eco-friendly Nissan Leaf cars and have enough for a 5GW nuclear power station with the cash left over.

Provide a new laptop every year to every second level student for 147 years.

Buy a 32GB iPhone, a 64GB iPad, a 13″ 2.13GHz MacBook Air and a 27-inch iMac for every man, woman and child living in Ireland.

Buy a pint of Guinness for everyone in the world to celebrate Arthur’s Day (and it would count as exports)

Scrap all fares on all forms of public transport, intercity and commuter trains and buses for 33 years.

Send 225,000 people to do the Harvard MBA.

Buy the world’s 20 most valuable soccer clubs, worth €9.6bn, wipe their debt (€2.3bn) and move them to Ireland, building each a 75,000-seater stadium (€600m each, based off cost of Aviva stadium)

Host two Olympics games, based on the London 2012 cost of €11.2bn.

Give each one of the 10,000 most senior bankers a round of golf on old head Kinsale, the most expensive course in Europe, every day for 20 years, and hope that they come up with some ideas!Buy over one-third of Denmark, 10% of France or three Luxembourg, based on 2008 land costs.

Buy over one-third of Denmark, 10% of France or three Luxembourg, based on 2008 land costs.

Purchase carbon credits to allow us to burn 3000 sq miles of hardwood forest.

Send 833 people into space (or perhaps just 1666 one way trips…)

Build 1,000 km of high-speed rail, serving all major coastal cities on the island (based on recent costs in Spain)

Build 75 brand new 50-teacher schools and run them for 75 years.

Build 35 new Children’s Hospitals (based on €700m cost of new Children’s Hospital in Dublin)

Pay for cervical cancer vaccines for every girl going into 1st year for the next 8333 years.

Pay for an extra 5,000 hospital consultants for 62.5 years, based on Finnish wage.

Introduce free pre-schooling for 32 years, based on an average cost of €700 a month for two years of 10 months, for all 110,000 children in the country.

Give medical cards to everyone, for 25 years based on €500m cost in 2009 to cover 1.5m people.

Make education properly free – the current cost from primary school to degree graduation is €70,000 per child. €25bn would bring nearly 400,000 students through their entire education.

Or Ireland could buy one broken bank…oh, hang on…..

I could go on and on.

If I were Scottish there is no answer but YES.YES. YES.

 

 

 

 

 

 

 

 

I

 

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