Brexit Pie - Recipe For Disaster.

Why did Sterling plummet following Brexit?

Perhaps it’s simply because the markets themselves and the fiscal powerhouses that quietly drive them, could deduce the situation into which Little Britain had just placed itself and thus adjusted accordingly.

Now the combined UK media that operated such a fervent anti-EU campaign finds itself in a situation which, in simple terms, means they daren’t explain the ramifications to its readership. Ditto the Westminster Government, of whatever shade.

Effectively this is what happened on June 23^rd 2016.

While there are a lot more subtle flavours to the Brexit Pie, here are some of the main, basic ingredients listed on the tin. Some flavours were carefully hidden by ‘Brexiters’ before the vote. Somewhat paradoxically, neither could ‘Remainers’ reveal these rather toxic elements. It might well also explain why the ‘Remain’ camp ran such a god awful campaign – they’d no choice.

Ingredients:

1.    Over the last half century or so, Westminster’s policies have effectively taken a powerhouse of a manufacturing nation where 48% of its output and effectively its folk, were tied to manufacturing or the production of goods.

2.    By 2014 the Office for National Statistics(ONS) now has only 8% of the population and 12% of output tied to the  manufacturing sector. This arena has been effectively reduced by 75% under successive Westminster governments. In quite simplistic terms, the real wealth and lifeblood of the country has effectively been reduced by a like amount.

3.    Now look at the effect it’s had on historical exchange rates. In 1948, Sterling valued at over $4. Today, it is around $1.30 and tracking down. Overall, that loss of manufacturing capacity has tracked our loss of currency value quite nicely.

4.    Effectively the UK now has about one person in 12 in the manufacturing sector. In its bluntest terms this little Union is asking one person to carry the load of eleven more. That’s the real fundamental reason for Austerity.

5.    Between governmental economic and fiscal mismanagement at the UK level Westminster is rapidly leading us to a debt load which the UK is rather rapidly becoming unable to support.

6.    The markets are aware that the UK effectively just signed away it’s EU rebate and stimulus packages. Consequently, that’s billion’s a year added to the red ink on that national ledger, and not over decades.

7.    The markets also know that the UK just resigned from that fabled ‘seat at the top table’ in the worlds’ most significant trading block. Now Little Britain has no say in the most significant world around it. We will rely on the goodwill of our neighbours, goodwill we ourselves have strained to the breaking point.

8.    In order to retain access to the single market, the City of London knows that the British Nations will need to maintain somewhere close their current contribution level to the EU.

Method:

Deduct the losses and it’s shaping up to be a rather massive fiscal hole.

Worldwide finance is aware that these Islands will have to accept EU directives and EU laws which the EU insists upon, or we will lose or end up with restricted access to that single market.  

The United Kingdom voted for immigration control; The EU will not allow it, Little Britain must accept that, or lose free access to the single market.

Losing access to Europe’s single market is now effectively taking a basket case economy and flushing.

The EU holds all the aces, its member states the remaining cards, while the UK has effectively folded, walking away from the table.

Now let the negotiations begin.

September 9th 2014; the day the Union Died - Again.

Regardless of the outcome of the vote on the 18th, today marks the day the Union died - again! I say again because I wrote a similarly titled blog in 2011. Perhaps we exist in a strange Union led Zombie Apocalypse?

Today marks the day that the ‘No Campaign’ went into terminal meltdown, that the ‘offers were put on the table’ that the lie that these things take years was exposed.

Today marks the day that David Cameron’s leadership was called into question, in the last twenty four hours, we’ve seen those calls reverberate, because of what; because of two polls? Surely, two polls don’t create a reason, in England anyway, for presenting a PM with a P45.

No, the reason for the meltdown is the drop in Sterling and its impact. That first poll showed the City of London and its traders that they might just ‘lose Scotland’, so they did what good business folk might be expected to do, they started to price it in to Sterling’s value.

There’re a few interesting things behind these adjustments, things the regular press isn’t saying.

Firstly, if a currency union hadn’t been rejected by their lackey’s in Downing Street, it’s very unlikely they’d be concerned at all, not much anyway. If the UK didn’t have lunatics minding the asylum, none of us would be in this position. For several days the currency has been dropping. I’m getting hard hit by that currency drop, can I just say I’m conflicted, between ‘Damn’ and ‘Woo-hoo!’, it’s a hit I’ll happily take.

Secondly, Scotland represents just about 10% of the UK economy, so if we were a sponge, a soak, a drain, then dumping the deadwood could only see Sterling strengthen, stabilize or ‘firm up’ its position. The loss of size would most probably be more than offset by the reduction in liability. Effectively the drop in value by the markets is saying we’re a major contributor to Sterling and the UK’s credit-worthiness.

Put simply, if you’re the bank, and the junkie sponging kid wants to leave home, you might consider a loan to mum and dad. If the major breadwinner leaves and the junkie kid stays to keep draining resources, when the remaining parent who’s shown bad money skills comes along for another loan, your reaction might be a bit different.

It’s the prospect of that reaction, of the near calamity that the remaining UK would be forced into that’s causing the current panic in London Town. Let’s face it, if a kid’s a drain and a problem, we’re happy to see it leave, make its own way and grow up a bit in the big bad world. If that kid’s contributing and useful, there’s just a possibility we might not be so eager. Now just imagine if we’d borrowed on the strength of that kid’s wages and couldn’t pay it back without them?

Wouldn’t we fight to keep them under our roof?

Wouldn’t we argue against the risks and consequences of leaving?

Wouldn’t we hide our true predicament from them?

If we were unscrupulous, we absolutely would. There’s one thing we’d have to know though, we’d have to be aware that one day, some day, we’d be ‘found out’.

Today, the Union has been ‘found out’. Like the child who’s now growing into the knowledge, that information, that genie, it can’t be stuffed back into its bottle. It’s just not that compliant.

The referendum might fail, although I doubt it. Despite the outcome, today marks the day the Union died. Those powers being promised, the soul searching in Westminster, the hand wringing and finger pointing by our ultra biased media, in the event of a ‘NO’, they’ll fade away. It’s likely that those promised extra powers will too. There’ll be ‘unforeseen difficulties’ and they’ll never be implemented in any sort of functional way.

The thing is, the Scots won’t forget, Scotland is now a nation re-energized, it has recovered much of its political will. If ‘Yes’ isn’t successful on this occasion, there will be another, because the people won’t forget. However, next time don’t expect Westminster to agree, they’ve just had too big a fright.

‘Next time’ it’ll possibly even be a Unilateral Declaration of Independence that’s voted through by the people, after a party wins power on that platform, and it possibly won’t be far away. You see, you can lie, cheat and steal from the kids, but once their trust is finally betrayed, it’s over.

‘Next time’, be it referendum or declaration, can be prevented, but only with wholesale power transference to Edinburgh, power transference so meaningful and so utterly comprehensive that Scots will come to believe that we’re truly ‘better together’. The issue is that if any Cabinet attempted this, the riots in England would be unimaginable. Politically, such a transference of power is next door to impossible.

History will show September 9th 2014 to have been important, not only will it have been an excellent birthday present for my mother’s 80th, the day Flodden’s loss began the effective path to Union, and the day Mary of Scots was crowned, it will also mark the effective end of Scotland as a proclaimed dependency, and I say ‘proclaimed’ as it’s been such in the popular UK media for centuries. I say ‘proclaimed’ because the markets are right now, right here, telling a very different story. They’re telling a story similar to that of immensely prosperous Luxembourg, tiny, incredibly wealthy, it also got its independence today, 147 years ago.

One other thing, today was also the day in 1914 that the Irish met at the Gaelic conference and initiated the process that would become the revolt to free a nation. Ours is simpler, it doesn't involve guns, but just like theirs, it’s thrown Westminster into a state of confusion and panic.

A resumption of statehood for Scotland is drawing close; only the final date really has a question over it, that and how simple the process will be.

So, in a few days, there’s a choice. Do it now and do it simply, or suffer more and do it later.

For Scotland, it’s a bit like the difference between flossing today and a root canal tomorrow.

The choreographed debate – Union style.

I've watched and re-watched that first referendum debate, and the more I do, the more I understand. It wasn't really a debate at all. It was a set up; a set up by irrelevant participants (Mr. A. Darling and Better Together audience plants 1 2) designed to hamper rather than enhance knowledge.

I can say that because as it unfolded, I watched the focus slide unerringly to the fiscal aspect, not surprisingly as it’s what many of us need answers on, or so the Union’s organizers’ would have us believe.

In actuality, it was a debate designed from the outset to hammer Alex Salmond and ‘his pet project’. I'm not even certain Bernard Ponsonby was aware of the facts, though it’s hard to see how he’d be ignorant of them. Ponsonby did give Darling, which appeared well anticipated, a few hard shoves but failed to use the debate to move issues and educate. As such, Bernie very much ‘shot his bolt’.

I'm taking that position as it was clear while it unfolded the script like the wrestling results of the ‘70’s, had already been drafted for release by the UK’s media the following day; they just needed to insert quote A into line B.

To any half-witted idiot it became clear before half time that it would be a twofold prong, currency and how ‘Darling won the debate’ after studiously selling ‘their guy’ low. Alistair Darling came across to me more as a renegade guest from the Jerry Springer show, not as a serious debater, although he did raise a few valid questions. He’d obviously been ‘coached’ to interrupt, shout, talk over and negate in any way possible what his ‘opponent’ had been saying. If he wasn't coached into behaving as he did, then in my mind he’s got the decorum and manners of a pig. In civilised debate, both sides get to make their points in allocated time frames, and without interruption.

Now, about those points. My, oh my, about those points.

Firstly, the currency issue. There really wasn't any reason for either of those blokes to be there last night, you see, the white paper told us what ‘Plan A’ and ‘Plan B’ are, and they’re not changing. We’ll use the pound like Ireland and a host of other’s, and we’ll do it unofficially or by preference, officially by treaty. Now, that makes life throw up another few questions, because if we were so clearly laying plan A and plan B on the table, why the screaming heebies the next day, unless the maps had already been drawn and the course charted. Where Ponsonby lost and STV shot its credibility out the window was when they didn’t make this clear.

Now, there’s the 'retirement thing', which was a more minor string on the fiddle of the sonnet to be released the following day. Both sides have agreed that everybody alive today who’s already a UK citizen will continue to have that right to a UK pension. Oddly, Chemical Ali (because he must've used some serious alchemy to arrive at his viewpoint) made it clear that as pensions are supported by those currently working, there’d need to be an agreement, and this would be part of any ‘future negotiation’. In anybody’s book, that’s a nice little addendum to ‘project fear’.

The truth of the Pension’s issue is simple, if you paid in, you get out. Westminster just has to figure out how to keep paying what are close to Europe’s worst pensions to some of Europe’s most deserving and long suffering pensioners. Westminster has to do this because there’s no real way to not do it. Do they enact a law saying you have to live in the rump state, England/Wales/NI? Then what about freedom of movement and all those ex-pats living all over the world. They’ll be coming home, and they’ll be needing cared for. What’s left of the UK neither needs nor wants that burden. What about English in Scotland, do they get a pension? How about one Scot’s parent? How about a Scotswoman married to an Englishman and living in Spain?

The pension issue is smoke and mirrors, no question about it, because any government in Westminster which dumped its pensioners would likely be out on its ear in short order. Or it would if there was such a mechanism. Do I really want to live in country without such a mechanism? We could implement such a right to recall wayward governments and officials in iScotland's new constitution.

Either way, Ponsonby and ITV lost credibility, because at the day’s end, no matter how I've looked at these issues, and what nobody wrote into any of the pre-ordained press releases was this; it all boils down to just three things on both main planks of that debate.

Firstly, we’re being blackmailed in a most horrible, spiteful way, and it’s being done by a bunch of idiots at Westminster who don’t give an actual low flying turd about their own constituents. I have to ask myself, am I in favour of that? Do I support these Bullingdon Bullies.

Sorry guys, it’s your slogan, but it’s ideal here, I’ve got to say ‘no thanks’

Secondly, I'm (still) being told Scotland’s a basket case, an economic basket case that is just too small to manage itself properly. I’ll admit to my jaw almost hitting the coffee table when one audience participant said London had more folk than Scotland, so how could Scotland possibly survive ‘alone’. I smiled incredulously; this bloke get’s to vote? I don’t see Norway, Switzerland or Luxembourg asking Davie lad to let them snuggle under his wing because they’re ‘just too wee’, or Nicky Clegg tabling a motion to devolve all sovereignty to the US, Russia or China? If we’re such a basket case, why fight to keep us? If we can’t afford pensions, the NHS, a banking system that plays fast and loose (we really want that?) and various phallic substitutes, er, sorry, nukes. Something just doesn't ring true here.

Let’s just assume for a second that what’s being conveyed here is a fact, then the only possible conclusion is that for three centuries Scotland’s been so utterly mismanaged, exploited and under-invested by successive London governments, governments who know our vote really means nowt; that they’re happy to continue to pillage and strip rather than invest and encourage.

Sorry guys, again, got to say ‘no thanks’

The third possibility, the one I'm betting on is that we've just been lied to all along. You see, I’ve done my research, unlike ‘Mr. too small’, that being the case, again, I’ve got to say again, ‘no thanks’.

Bernie, and our so trustworthy media, could easily have pointed out that what we really had the other night was a choice. We have a choice to go our own way, or opt for the fearmongering, asset stripping liars.

We do have a choice. We have a choice to watch the next debate, to see where Chemical Ali is allowed to work his alchemical skills of wonder; which one or two areas will be the highlight of his interruptions and shouty, ill mannered focus, then we can watch the media reaction the next day, and smile.

After September 18th we can decide we’ll never have to watch the like again, because we know with absolute certainty that the ones from the Bullingdon Club in London, those mired in corruption and scandal, they’re the only ones until September 18th who are worth being in the debating chair, because they’re the only ones with the power to answer our questions, like the ones for the EU and NATO, and they’re the only ones who can clarify this debate.

Except, we already know they won’t do that. They won’t give me what I need, yet they still want me to endorse them, they want me to say ‘no thanks’.

Fine, then I will, on September 18th I’ll say ‘no thanks’; no thanks to the lies, the misinformation, the half truths, the innuendoes and scare tactics, and I’ll watch us walk away from this disreputable shambles called Westminster.

Yes, it might be to an uncertain future, but it’s a future filled with potential and possibility, and I dream of being a part of it. If we don’t grasp the thistle, we know we’ll get stung for more lies, more official secrets, more obfuscation, more stripped rights and we’ll lose more of our cherished values.

Yes. Give me that uncertainty, because it really can’t be worse that what London’s offering, and in less than a generation, if we decide, it can be so, so much more.

You know what? I trust my fellow Scots to make the right decisions, now, and as we walk forward. September 19th will tell us all if we’re a confident nation.

1: Craig Murray's Blog concerning the debate
2: STV Rigging Audiences?

The Big Currency Bash.

Well, it's been hot news since Gideon laid his cards flatly and squarely on the table. The Scots and their Nation are second-class citizens of Planet Earth when it comes to currency sharing. And while I don't normally re-blog items, I saw this post pertaining to the stramash on "who can do what with a pound" while on Facebook today, and thought it was worth the reposting. 

Thanks to Mairie NicIllemhoire and Ken Potter for all the information:

"I'm not in favour of the Euro as our currency post-indy, but nonetheless, I found it very interesting to discover that there are several non-EU members who use the Euro as their currency, namely: Andorra, Kosovo, Monaco, Montenegro, San Marino, and Vatican City.

With regards to sterling, the current list of official users (plus secondary currencies, in brackets) are:

United Kingdom,
British Antarctic Territory,
Falkland Islands (alongside Falkland Islands pound),
Gibraltar (alongside Gibraltar pound),
Saint Helena, Ascension and Tristan da Cunha (Tristan da Cunha; alongside Saint Helena pound in Saint Helena and Ascension),
South Georgia and the South Sandwich Islands (alongside Falkland Islands pound),
British Indian Ocean Territory (de jure, US Dollar used de facto),
Guernsey (local issue: Guernsey pound),
Isle of Man (local issue: Manx pound),
Jersey (local issue: Jersey pound).

Apart from these OFFICIAL users of the pound sterling, there are the following places using sterling unofficially:

Uganda,
Zimbabwe,
Zambia,
Sierra Leone,
Tanzania,
Rwanda,
Malawi,
Botswana,
plus the Pakistani city of Mirpur in Kashmir.

Historically.
After becoming independent, Ireland continued to use the Saorstát pound (Irish Punt), which remained pegged with sterling until she joined the European Monetary System in 1978, whilst the UK remained out. Other areas of the, now defunct, Empire have also used sterling in the past - the gold sovereign was legal tender in Canada despite the use of the Canadian dollar.

Several colonies and dominions adopted the pound as their own currency. These included Australia, Barbados, British West Africa, Cyprus, Fiji, the Irish Free State, Jamaica, New Zealand, South Africa and Southern Rhodesia. Some of these retained parity with sterling throughout their existence (e.g. the South African pound), whilst others deviated from parity after the end of the gold standard (e.g. the Australian pound).

At this point, I'm thinking that someone needs to put this to Better Together, and ask 2 salient questions: 

1) Just exactly WHAT makes Scotland different from any and all of these other places?

 
2) Name one place that has ever been refused the use of sterling. Just one!"

It will be interesting to hear if they've got an answer to either of those questions. 

As we approach the referendum, the output of scaremongering dross from the Unionist side is building to a torrent . But just how much more will the people in Scotland take and how much of it is now being seen for what it truly is - utter nonsense? 
I get the feeling that Westminster forgets even the humble Scot has access to the internet where any amount of information is available and these pronouncements can be checked and double-checked and seen for the misinformation they are.

Meanwhile, on the rest of the planet, the thought of an independent Scotland with a Scottish Pound appears to be perfectly acceptable. For instance, this little article - Hong Kong Markets favour a Scottish Pound - published last year on April 28th shows the money markets of the East giving a more favourable rate to the Scottish Pound than Sterling. It looks as if foreign markets think a Scottish Pound would be a safer bet than rUK Pound. 

I shall await the next development, scare story, bullsh*t with baited breath. I'm sure, just like buses, several will turn up at the same time. 

The Wrong Message

Creation of a sterling-zone as trumpeted by the SNP is decidedly the wrong message.

Scotland needs to dump the pound faster than a drowning diver needs to dump his weight belt.

The recent downgrading to Sterling brings only one question, posed by the French almost a year ago, and that is, why has it not happened long, long before now?

In the last week I saw the value of my income plummet. For argument’s sake let’s say I get £725 a month. That’s what it was last month anyway, or last time I drew it out. Today they handed me £688. This was, they said, due to the fact the £ plummeted against the $ after the downgrade.

My account said £725 had been deposited, the bank gave me £688, there’s a problem when my bills are £700. The ends no longer meet in the middle. I’m now worse than broke.

Anyone not relying on foreign exchange rates may see it as a minor thing, but with pretty much everything made overseas these days it simply means, in Scotland, when the current supplies on the shelves run out, the new ones are going to cost more. We are all two months away from losing that real money.

In about ninety days, and much less for many items, that £725 a month in every pocket will soon become £688. It will still say £725 on the statement, so we’ll fool ourselves. But at the end of the day if it doesn’t buy anyone what £725 did a month ago, how can you argue it’s still £725?

Let’s invent a little scenario. You’re selling your car, you want £5,000, but you drove it this morning and had a wee fender-bender and slightly bent the chassis – but it still looks not too bad. Hey, it’s still your £5,000 car. It has a couple of dents here and there that weren’t there yesterday, but you've still got the same sticker on the window, £5,000 it proudly declares. Think you’ll ever get that now?

That dented car of yours is Sterling. These are just the first view visible dents. The difference is it has been ready for the knackers yard for years, the rot was just hidden under the shiny exterior, but any decent mechanic would walk away from it asking if you’re insane. MOT; No chance mate, but there’s a bloke in the next village who, for fifty quid like….

We’re now at the point where even the bloke in the next village won’t touch it.

For the UK and Sterling, it means this time it won’t recover.

Expect the pound to continue to devalue. After all, it has for over eighty years. The ability to devalue the pound and thereby steal our savings is the primary reason that Westminster didn't join the Euro.

We've all heard and seen the unrest in Greece; in many instances the United Kingdom’s press have given the Greek people short shrift in terms of sympathy. The Irish have been the media’s financial whipping boy. The Spanish, Portuguese and Italians have all been slated and derided by the papers. Whereas, for most of the UK’s self vaunted media, the Italian’s have always been good for a joke; the Spanish and Portuguese seem to me largely ignored.

It may take once-mighty Britannia a decade more to be in such a condition that Greece looks like a safe haven. It may only take a few months. The United Kingdom’s per capita and national debt burden is fast outstripping that of Greece. Don’t doubt it, Greece’s debt load stands at less than 70% of the United Kingdom as a percentage of GDP.

What about Italy, Spain and Portugal? They are likewise positioned with debt about 75% of the UK’s. Only Ireland, another favourite punching bag of the UK media, is actually worse. However, we’re entering the home stretch and the nag in green white and gold isn’t the favourite in this race anymore. With the finishing posts ahead, the cuddy in red white and blue is set to come thundering down the home stretch. That poor old Irish nag seems like it hasn't got a hope of staying in front.

Except this is a race to poverty, to national penury and isn’t a race anyone really wants to win, is it?

The reality of the situation is that no matter who is elected to Westminster, the average individual is going to get screwed.

Westminster can barely service its debts right now. If interest rates climbed just a little, say to the historical norms of five percent, then Germany’s old Weimar Republic where wheelbarrows were needed to carry the cash to buy a loaf of bread might look like a wonderful place to have lived. Our debt burden is already worse than that of the Weimar Republic.

So, why has the crash not already happened?

It has begun, but most people want to play the ostrich. Maybe if we stick our heads in the sand long enough, we might fool the lion and he won’t actually bite us on the behind. Sadly, the lion has the luxury to decide when the ideal time will be to bite us. The only thing we know is that his jaws will snap shut someday soon, and when it does out collective behookie is going to hurt like hell.

Social upheaval, no jobs, riots, deprivation and hunger are possibly the nicer parts of what lies ahead, if we don’t get our act together. Mr. Osborne’s current attitude of “it’ll be alright” and Westminster’s continual “Nothing to see here folks, move along” are even bigger lies than Chamberlain’s “Peace in our time” declaration in 1938. Six years of “peace” broke out the following year in September. Chamberlain’s piece of paper had as much true worth as that printed by the Bank of England today.

Consider at the time of the collapse of the Weimar Republic, still in living memory for some, that one pound of sterling bought one pound of silver. At the time of writing the value of silver is £300 per pound. Where did the other £299 go?

It was neatly pochled by Westminster, through that cunning mechanism “inflation”.

Surely, we may think, the value of silver has just risen incredibly? No, it hasn't At that time five hundred pounds, sterling or silver, bought a modestly sized family home. Five hundred pounds of silver today will still buy that £150,000 home. And what about the £1 note from 1932? Well there is not a coin small enough in the treasury’s inventory that I could now trade it for. It is worth a fraction more than one old ha’penny. They have legally devalued that £1 to nothing viable in today’s currency; only in Westminster.

Remember, in the five centuries prior to World War One, inflation was by all comparisons, nonexistent.

The only way the United Kingdom is surviving today is by borrowing. Where do the banks get the money they lend to the government? Essentially, it’s invested savings. You put your extra cash (if you are one of the lucky folks to have any) in the bank to save. The bank loans it to the government at less than 2%, sometimes less than 1%. Inflation has swung from over 5% to less than 3% in the last seventeen months. That means your bank is loaning to your government at a guaranteed loss.

There have even been instances of late when some governments have been able to borrow money at negative interest rates. Although, not Westminster, they’re not “safe enough”. Effectively, the investment firms supplying that money have been willing to guarantee their investors i.e. you, an instant loss for the so-called safe keeping of your money. In other words, well managed economies are actually being paid to borrow your money.

The United Kingdom passed the point of no return about five years ago and has been hovering around there, barely surviving, making payments, but not cancelling debt.

The problem is those interest payments, those billions upon billions paid every year are our new hospitals, schools and our infrastructure. Our future.

Westminster is bankrupt, arguably it’s fiscally, morally, and intellectually bankrupt. Like the destitute old lord in the crumbling manor, it is time to sell the family silverware. Except, we are the only silverware Westminster has. Our savings, our pensions, our health service, our children’s education. Like any government in history, Westminster has only one option; its people and their pockets.

This fiscal tsunami will be released in the not too distant future.

Hopefully it won’t be released until after the 2014 referendum. If Scots vote YES, which appears to be the intelligent course of action, it could well be released with early. After all, the release of this tidal wave will only require a very modest 1.5% change in the interest rates, and we've all seen that happen on countless occasions in our adult lifetimes.

Any way you look at it, promoting a “Sterling Zone” is insanity incarnate.

The Scots Pound is already in circulation. We need to resurrect it as a world currency once more. As many economists have pointed out, it wouldn't be difficult. Let our money float, or tie it with other currencies, any currency - except Sterling.

Our choice is simple, since no nation in history has ever recovered from the UK’s debt load; we have to vote Yes to survive or we vote No for long term debt, poverty and bankruptcy.