Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts

Friday, 31 October 2014

The Paradigm Shift.

So, it’s finally started.

The movement that will lead to independence for our nation has truly begun, and I suspect it’ll not end for a few years, but history will show the referendum of 2014 as being the time when the death knell reverberated loudly over the Union corpse. It not only tolled, but vowed it’d continue.

Gazing retrospectively at what’s inspired this blog, it became apparent to me that even while working and sincerely hoping for a ‘Yes’ in the 2014 referendum, at a deeper level I never really expected one. The most obvious reason being, our media isn’t our media. The Daily Record, Sun and the rest are either London or foreign owned. Ultimately, I was as devastated as anyone when we’d come so close only to fall in the last few days, almost entirely as a result of that same media’s trumpeting of the now ‘Disavowed Vow’.

The paradigm shift ultimately comes down to that ‘Vow’, because that ‘Vow’ moved the goalposts; it changed the debate utterly in the last week where ‘Yes’ was building to possible/probable victory.

Suddenly, folk weren’t choosing between ‘Independence and Westminster’, they were choosing between ‘Independence and Devo-Max’. Not only that, they were choosing ‘Devo-Max’ with a defined and very tight timeline. Gordon Brown even declared it’d be as near as damn a Federal solution resulting in a new UK.

Now, excuse me being blunt here, but there’s really no other way to put this.

Let’s face it, if you’re a unionist politician and leader, and not actually a worthless piece of sh*t, you were free to disavow that full page printed vow, but only if you did it publically as soon as the damned thing hit print. That and you’d better be demanding a retraction on the day. Failing immediate corrective action before the vote, folk of honour and integrity have no choice but to keep that Vow afterwards. It doesn’t matter if they actually made it, by their silence they assented and adopted it.

That vow made many voters switch back to support for the Union and consequently, the failure of follow through plus the distancing from it that’s taken place since (and is set to continue) has shocked quite a few ‘No’ voters; there are many who’d change their vote today if they had the opportunity to do it all over again. It’s a safe bet with the revelations since, it’d be the same numbers in the referendum; it would simply flip to a yes result.

That’s what’s behind the building paradigm shift within ‘No’ voters. It is pointless to say “We Told You So” now. They heard what we were saying, but on the day the paradigm shift was just a step too far for them to make, especially when offered the ‘comfy’ alternative of ‘Devo-Max’.

Life in the Union may be not be brilliant, but for many of the ‘No Voters’ it is bearable. Put that up against project fear and the ‘spectre’ of independence that was painted by Union controlled media, the only way a ‘Yes’ vote was going to be secured was by a massive swing in the Unionist vote. It still almost happened; it’s still necessary, however, not quite so massively this time. Except, there doesn’t need to be a ‘next time’. Everything can be accomplished through the ballot box at elections.

I actually didn’t expect the swing to be as rapid as it currently appears, but the event that gets people to change a lifetime’s habits is by necessity something fairly significant. In this instance it is lies and betrayal. Even then, opinions don’t change overnight, but it’s almost guaranteed they’ll change eventually. It’s a realisation event followed by processing time, and we all need different amounts of it.

Consider our average Scots’ voter. Now narrow it to the average Scots Unionist. Die-hards among them might even change now, although that’s less likely. On the other hand, the average ‘No voter’ saw three English parties come together with the weight of the media and eventually see off the ‘nasty Nationalists’ with a “Vow”. However at least a third, perhaps as many as a half of that ‘No’ vote wanted those extra powers. That equates to somewhere around 25% of the total electorate that wanted the substantial constitutional change they were promised. Consequently, these people were comfortable, content and happy in their vote. However, they weren’t specifically voting for ‘Westminster’, they were now voting for a stronger, better, more representative and democratic Scots parliament. It’s how many justified that ‘No’.

Essentially that 25% voted for almost the same as the 45% who voted ‘Yes’. They just didn’t want to throw away the security blanket; not yet anyway, not when they’d been promised ‘the best of both worlds’.

Except, they've now literally been told “What Vow?”

And surprise, surprise, they’re not happy and dissent is now beginning to peep over the parapet. They had a set time frame placed before them, it’s already been missed. Many of them, perhaps as much as 10-15%, have already gone from disappointment through regret to acknowledgement of betrayal and are done processing. They’ll never vote for a Unionist party again. It’s also ‘safe’ to do that now, the referendum is over and they don’t have to feel guilty about making that personal vow against Unionist parties.

Unlike those Westminster politicians, I’d expect these folk to be serious in their intent and it’s already showing. SNP and other pro-independence party’s membership have grown exponentially since the referendum. The latest IPSOS/MORI poll shows a near wipe out for Unionist parties at the next UK General Election, while the current ‘You-Gov’ isn’t quite so radical in its results, but has a similar overall conclusion.

There you have it; 25% of an electoral franchise who’ll not vote for the Unionist parties again, ever.

That’s a lot of betrayed people to have on your hands.

This is what happens when the average person is so fundamentally lied to, and then comes to realise it.

It’s also what happens when the average person in Scotland comes to understand what many of us who supported independence have seen for years; the media in Scotland has shown itself to be largely useless when it comes to balanced investigative and unbiased reporting around Scottish Politics. It means the media was largely a single use tool, like a tube of glue, and now it’s mostly full of air, it doesn't work so well.

However, the media can’t be discounted, but it can be anticipated its future impact will be significantly reduced.

These folk have that have just pushed the SNP vote share to 52% in the polls have had a paradigm shift. For many of them it’s no longer possible to vote for a Unionist Party and they've altered their world view, deciding on a party supporting independence or to simply not vote again. For many of them it may not be a conscious thought yet, but it’s coming.

The SNP for its part needs to capitalise on this to form an ongoing, broad but loose alliance with Scotland’s other independence supporting parties. They need to stand on a manifesto for the next election which loudly proclaims that it supports the democratic will of the Scottish people as expressed during the referendum.

This also requires the SNP to have a paradigm shift to match that of the referendum result and capture the awakening ire of that 25%. They need it this year. They need to deliver the results of that adjustment as they stride purposefully into the 2015 elections. The message needs to be that the electorate can always trust them to be sufficiently flexible so as to respond to its express will.

The SNP can then declare to follow the peoples’ desires and bring to Scotland and her parliament the powers contained within “The Vows” which Westminster has now reneged. Furthermore, they can affirm that one principle they will hold to, should the people elect a majority of Scots MPs from their party, is that these MPs will put Scotland first. After the ballot, Holyrood will extend an invitation to its Scottish colleagues who would be then based in Westminster requesting them to attend a vote in Holyrood.

It’ll be an invitation not just to attend, but an Act will be passed to permit them a vote on a single issue. Holyrood will pass that Act, having been spelled out before hand as the accepted will of the people as expressed through the result of the referendum. This is almost an identical circumstance as that which led to the referendum itself; democracy in action.

Folk will vote for such a message because they’ll not see it as ending the Union, simply holding the political feet in London to the fire and forcing honesty, and that’s how the 2015/2016 campaigns need to be portrayed to capture that additional 25% i.e., democracy has spoken; vote for us to force honesty from the democratic process even as we deliver good government.

The question is; what the contents of that Act should be.

Quite simply, it should authorize Holyrood to renegotiate all articles of the Treaty of Union with four notable exceptions. It would restore the full rights and responsibilities of the Scots Parliament excluding the areas of Foreign Affairs, Monetary Policy, the Monarchy (excluding the need for Royal Assent) and Defence. Passing of these Acts can be expressed simply as a combination of forcing honesty from Westminster, of assisting the many Scots who voted “no” in getting what they were promised by way of a Devo-Max or Federal solution, and lastly helping those who voted yes to reconcile themselves with the outcome of the vote. This would then be portrayed as putting the entire nation in a position to grow with harmony and cooperation as we walk forward. Essentially it would be an exercise in re-unity and reintegration following the referendum.

Effectively this is campaigning on a platform of the democratic exploration of the concept of nation building while remaining within the over-arching framework of the Union, which 55% declared they desired in the referendum.

In all practicality, this is the best way for some 70% of the franchise to obtain what it desired – or at least very nearly so. It’s a political compromise – for now, of where the party promised to go and where the electorate told them it needed to be.

The ball will then be very firmly in Westminster’s court, and how they decide to return it will prove interesting indeed. They may even decide to scrap what remains themselves.

Regardless of Westminster’s desires, with a majority of SNP MPs and MSPs under these circumstances Holyrood can then pass Acts under the banner of the democratic will, repealing or rejecting Westminster’s primacy in everything - except the reserved issues we, the Scots allow.

Effectively, the only primacy Westminster would retain would be in the areas of defence, currency and foreign policy with a sort of shared obligation on the fourth, the Monarchy.

Moreover, it would be done as the will of the people, an exercise in democracy; a beautiful thing.

The SNP should therefore enter the 2015/2016 elections with a shift in stance, specifically limited to these campaigns, to not be a party seeking independence, but rather Home Rule. A sensible party might also promise a Constitution to protect the rights of our Parliament, our citizens and legal residents, while declaring that although David Cameron may have promised this, if we vote for the SNP they will actually provide it. A truly intuitive party might even put a time-frame to it.

With that type of mandate delivered in a Westminster election following on from the referendum, respecting the Union yet holding it to account, Scotland’s parliament at Holyrood can have a secure democratic justification for passing the legislation for enacting this in Scots Law.

By right and accepted broadcast precedent, the SNP could even dissolve the Union with a majority of either Scots MPs or absolute majority at Holyrood, so long as they inform the electorate that was their intent. However, to do so this closely after a referendum result which in effect demanded Devo-Max that may just be a bit disingenuous.

The nicest part is it is all about honesty, honour and integrity. That’s a simple campaign platform. It is also a campaign platform with which Westminster cannot compete.

Should this transpire, it promises to be an interesting development; one which hasn't happened in many centuries. 

an entire cadre of Scottish based Westminster MPs who’ll simply put Scotland's needs first. 

The only clear way under the present scenario to upset that dynamic in any moderately close election, would be an alliance between Labour and Conservatives. Any other alliances with smaller groups of MP’s e.g. UKIP, BNP or Liberal Democrats would only open more eyes in the North, with the certainty of greater issues in London. It’s either that or Westminster tries to pass an act preventing the expressed democratic wish of the Scottish people, and that will not sit well north or south of the border.

Either way, the endgame is now set and the outcome is relatively assured.

I only have to wonder if this wasn't Alex Salmond’s ‘Plan B’ all along. If it had been, then it was a master strategy of playing the long game. All it needed was just one close poll, and the reactions were all entirely predictable from that point on. Win today, or win tomorrow, either way, it’s a win for the nation he cherishes. If it’s a win tomorrow, in Nicola’s hands’, with her lengthy apprenticeship, it’ll be fine.

Thursday, 11 September 2014

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.

Wednesday, 27 August 2014

Guest writer Steven McBrien Looks At Better Together's Patronising Video.

Guest writer Steven McBrien tackles the deeply offensive and patronising piece of publicity from Better Together/ Jist Say Eh?/ No Borders ... (an update on their current title would be helpful....)
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Hear ye, hear ye! I want each and every woman on my (Facebook) friends list, regardless of nationality, to watch this. I want you all to see exactly what kind of campaign "No Thanks" actually is. Because when Better Together finally hit rock bottom, what do they do? That's right: they proceed to unveil their shovels and start digging, and this advert literally has to be seen in order to be believed. I was strongly reminded of Harry Enfield's brilliant "WOMEN: KNOW YOUR LIMITS" piss-take while watching this.


Not just you Steven!

Apparently, your average Scotswoman thinks of the referendum as some sort of distraction which shouldn't be discussed, doesn't know Alex Salmond's name and refers to the First Minister of her country as "that bloke off the telly", believes that the opinions of children don't count because they are children, imagines that the YES Campaign have somehow promised that "oil will pay for it all," (and thereby refuses to acknowledge to herself that the YES Campaign have stated time and again that a trillion quid oil bonanza is only part of the package, along with renewables, some of the finest exports in Europe, tourism, no upkeep for a nuclear arsenal, over 65% of UK coastline being in Scotland, not having to finance illegal wars and ever-increasing global investment thanks to us actually having a financial capital that's not hundreds of miles away from us in another country), thinks that because there is a degree of uncertainty attached to doing something, that means you shouldn't do it at all (Why move out of home/get married/have kids in the first place then? And hang on while I ask the world's leading businesswomen if they let uncertainty hold them back at the beginning), thinks that "loving" your country means not giving it the chance to do what the rest of the world is doing, doesn't have "enough hours in the day" to go and discover facts and think for herself, gives credit only to things she sees on TV or hears by chance, believes that pensions and hospitals would be somehow safer in a Tory or UKIP-led United Kingdom than they would under an iScotland, believes that something an entire nation has spent two years discussing "hasn't been thought through" and seriously states to herself that there will be no risk posed to Scotland at all if it votes NO, ignoring the fact that we as a nation will be effectively crucified if we do refuse self-determination. The whole woeful thing basically amounts to: "Never mind any of this referendum nonsense, women of Scotland: just eat your cereal and get the dinner on." Pathetic.

Needless to say, like every other Better Together advert I've ever seen online, comments and ratings are thoroughly disabled. Because they are every bit as interested in hearing the thoughts of real women as they are in democracy.

Jesus Christ, these people stink.

Better Together Patronise The Women Of Scotland


Steven McBrien


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Thanks for that Steven.

Frightening, isn't it? But then if it's true that BT have used the advertising firm owned by Saatchi - is the derogatory attitude towards women so unexpected?


However, the internet is a wonderful place - if only the poor lassie in the advert could discover that between washing cereal plates and putting down her wean's intelligence:



As does Alistair Davidson.

And Finally: Jackie Crawford's take.

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Steven McBrien's Tumblr Blog can be found here.

Tuesday, 19 August 2014

An Open Letter To An Unapproachable Prime Minister.

Dear Mr. Cameron, 

I hope that you will take the time to read this, that it finds its way into your hands. You see, I’d like just three questions answered, and if you can answer them to my satisfaction, I’ll really might consider a ‘No’ vote.

My first question concerns the currency bit. 
You see, the media, much of whom I believe you effectively control (well, your lot in Westminster did ‘reserve’ broadcasting after all) are pounding on about this currency thing. Now, allowing broadcasting is reserved to you, they are delivering your message, which makes me curious. 

My question specifically about the currency bit is, well, why should I care?

Now, let me tell you why I'm asking that. You see, for me to care about something, it has to have some sort of value and since about 1930, under Westminster’s stewardship, the pound has steadily devalued to the point where it’s not really worth much at all, not any more. It was $5 to the pound back in 1930. Mind you, the dollar’s devalued too, but the pound’s gone downhill at twice that rate, which isn’t very good testimony to Westminster’s handling of the currency in my pocket. 
With the best predictor of future behaviour being the proven record of the past, you might have to work hard to convince me you won’t keep up that stealth tax called Inflation. We all know inflation is just a way of hiding mismanaged economies. So, to be clear, do you, or do you not want me to vote for ongoing economic mismanagement?

In view of the last three centuries, I’d love to hear your plans for fixing things as we go forward. Don’t worry, I know I can’t hold you to any promise, but I’d like to hear anyway?

That brings me to my second question; it’s about management too. Most specifically, of your responsibilities to those who elect you. Let’s look at the NHS in England for a minute. 
In 2012 you passed a law effectively repealing the 1947 act which Bevin brought forward, guaranteeing universal medical care, free at the point of service. There wasn't a referendum, there was no vote, it wasn't in a manifesto, but your coalition just did it anyway. 
To all intents and purposes, my family and friends in England don’t have the right to be seen by a physician. I know you say they do, but the legal right to receive care has been removed with much of the privatisation that’s going on down there.

I'm fairly certain you know that most folk aren't aware of the changes, mostly because of your stealth privatisation we are now at the point where global companies currently run much of what was England’s NHS. I say “what was”, because although they still look like the NHS staff to the patients, with NHS badges and all, we really know who they work for, and it’s not the NHS. So, this question is a ‘two-parter’ on health care.

The first part is, why did you remove the government’s statutory requirement to provide care?

The second part of the question is, in the event of a "No" vote will Scotland still be in a position to keep her NHS in its current format or will your austerity program force changes there too and allow private health-care companies take over our hospitals and GP surgeries?

Oops! There’s me crossing back to my first question; managing, or mismanaging the money. Thinking about the NHS, perhaps if you had cared (really cared) about Sterling, maybe the money would have been available to maintain England’s public health-care system? But you promised in your manifesto the "NHS Was Safe In Conservative Hands"! Seems we should have tried to force you to keep your word.

Keeping your word, sort of leads into my third question. You see, I know you can lie; your Coalition can even sign pledges to get votes and then blame it on the ‘bad boy’s down at the swings’ while you go off and do the exact opposite, e.g. Student Loans.

Personally, I think that’s because we don't have a written constitution and this is an area where we are virtually alone amongst developed nations. There is nothing guaranteeing anyone any rights, except Parliamentarians, and it seems to me like they’re pretty much always ‘all right’.

Now, you've said we don’t need a constitution down London way. Really? While you quietly privatise, demonise, demoralise and devalue much of what "The British" way of life was. 
Nevertheless, I have to disagree and ask you for a constitution. 

I fully understand I'm getting the offer to have my say in the referendum. Now, if my rights are enshrined and then protected for the future generations then "my say" won’t stop after the referendum. I don't know if you noticed, but we have been promised a written constitution following a "Yes" vote. That means we can (if we wish) petition to have public healthcare as a right or to have our own mail service or even recall bad governments and outlaw lobbying. 
I don't expect we'd get all of our desires, but the American’s (whom you apparently greatly admire) have a fabulous saying you may have heard; "no taxation without representation". They get to vote on almost everything. I would like that, but I know I can’t ever get it under the present Westminster system. Tell me why you won’t enshrine our rights. Unless the reality is that we truly haven’t got any; just what London deigns to allow on any given day. 

Will you promise to clarify and then enshrine our rights?

So, there you go, my three questions. Sadly, I'm expecting if you do read this, you’ll just say ‘No Thanks’ to answering any of them, since nobody can force you, even though you’re officially employed by each and every one of us. In fact, y
ou and your fellow parliamentarians seem to prefer to keep a system where you’re better together; it’s one where London meddling seems to know no borders either. 
I'm just about finished but simply out of devilment, I’ll sneak in a last question. Why is it that when everybody agreed this referendum was for the Scots alone to decide, is one side funded almost entirely by donations appearing from Tory millionaires living outwith Scotland. Oh, sorry about that - sort of slipped my mind a bit; nobody has the power to enforce you to keep your word - or answer our questions, do they?

Now, please, convince me why I should vote for you, because, after all, that’s what a "No" vote is, isn’t it? It’s nothing less than a vote for the current unrepresentative system and the current leader; and that’d be yourself Mr. Cameron - and your likes.


Yours Sincerely,

Hazel Lewry.

Saturday, 9 August 2014

A reply to the celebs letter from Steven McBrien of Glasgow.

This is so well written and says everything that any one of us would have wished to have said to these people, given the opportunity. So much so, in fact, that I just had to re-blog it. My thanks to Steven McBrien for this great piece of writing:


Dear William Dalrymple, Eddie Izzard, Sir Patrick Stewart, Sir Mick Jagger, Jenny Agutter, Sir Ben Ainslie, Kriss Akabusi, Roger Allam, Kirstie Allsop, Alexander Armstrong, Sir David Attenborough, Steve Backley, Baroness Joan Bakewell, Frances Barber, Andy Barrow, John Barrowman, Mike Batt, Glen Baxter, David Aaronovitch, Helena Bonham-Carter, Stanley Baxter, Martin Bayfield, Mary Beard, Sarah Beeny, Anthony Beevor, Angelica Bell,Dickie Bird, Cilla Black, Graeme Black, Roger Black, Malorie Blackman, Ranjit Bolt, Alain de Botton, William Boyd, Tracey Brabin, Lord Melvyn Bragg, Jo Brand, Gyles Brandreth, Rob Brydon, Louisa Buck, Simon Callow, Will Carling, Paul Cartledge, Guy Chambers, Nick Cohen, Michelle Collins, Colonel Tim Collins, Olivia Colman, Charlie Condou, Susannah Constantine, Steve Coogan, Dominic Cooper, Ronnie Corbett, Simon Cowell, Jason Cowley, Sara Cox, Amanda Craig, Steve Cram, Richard Curtis, Tom Daley, Richard Dawkins, Dame Judi Dench, Jeremy Deller, Lord Michael Dobbs, Jimmy Doherty, Michael Douglas, Simon Easterby, Gareth Edwards, Jonathan Edwards, Tracey Emin, Sebastian Faulks, Bryan Ferry, Ranulph Fiennes, Ben Fogle, Sir Bruce Forsyth, Amanda Foreman, Neil Fox, Emma Freud, Bernard Gallacher, Kirsty Gallacher, George Galloway, Sir John Eliot Gardiner, Bamber Gascoigne, David Gilmour, Harvey Goldsmith, David Goodhart, Lachlan Goudie, David Gower, AC Grayling, Will Greenwood, Tamsin Greig, Baroness Tanni Grey-Thompson, Lord Charles Guthrie, Haydn Gwynne, Maggi Hambling, Mehdi Hasan, Sir Max Hastings, Peter Hennessy, James Holland, Tom Holland, Tom Hollander, Gloria Hunniford, Conn Iggledun, John Illsley, Brendan Ingle, Betty Jackson, Sir Mike Jackson, Howard Jacobson, Baroness PD James, Griff Rhys Jones, Terry Jones, Christopher Kane, Sir Anish Kapoor, Ross Kemp, Paul Kenny, Jemima Khan, India Knight, Martha Lane Fox, Baroness Doreen Lawrence, Tory Lawrence, Kathy Lette, Rod Liddle, Louise Linton, John Lloyd (the journalist), John Lloyd ( the producer), Lord Andrew Lloyd Webber, Gabby Logan, Kenny Logan, Sarah Lucas, Dame Vera Lynn, James May, Margaret MacMillan, Stephen Mangan, Davina McCall, Sir Ian McGeechan, Heather McGregor, Andy McNab, John Michie, David Mitchell, Lord John Monks, Lewis Moody, Michael Morpurgo, Bill Morris, David Morrissey, Philip Mould, Al Murray, Neil Stuke, Sir Paul Nurse, Andy Nyman, Peter Oborne, Sir Michael Parkinson, Fiona Phillips, Andy Puddicombe, Lord David Puttnam, Anita Rani, Esther Rantzen, Sir Steve Redgrave, Derek Redmond, Pete Reed, Lord Martin Rees, Peter Reid, Baroness Ruth Rendell, Sir Cliff Richard, Hugo Rifkind, Sir Tony Robinson, David Rowntree, Ian Rush, Greg Rutherford, CJ Sansom, June Sarpong, Simon Schama, John Sessions, Sandie Shaw, Helen Skelton, Sir Tim Smit, Dan Snow, Peter Snow, Phil Spencer, David Starkey, Lord Jock Stirrup, Neil Stuke, Sting, Tallia Storm, David Suchet, Alan Sugar, Graeme Swann, Stella Tennant, Daley Thompson, Alan Titchmarsh, James Timpson, Kevin Toolis, Lynne Truss, Gavin Turk, Roger Uttley, David Walliams, Zoë Wanamaker, Robert Webb, Richard Wentworth, Sir Alan West, Dominic West and Kevin Whateley,

I would like to express my hearty and sincere thanks to you all for your stated concern that myself and my countrymen remain in the United Kingdom. I was just heading back from my job (the job where I earn under eight quid an hour for working with people with learning disabilities) and passing the local food bank when I heard the news, namely, that you were so concerned that we might leave the UK that you had all deigned to write your names on a piece of paper.

I was delighted to hear this news, so transported, in fact, that I temporarily forgot about the nuclear stockpile that's a mere 25 miles away from my front door, and so giddy with the receipt of this beneficence that I almost forgot that I could spend my remaining English tenners up here as no-one up here has any kind of problem with accepting English money. I write to inform you all that the fact that a bunch of millionaires and multi-millionaires who have, on the whole, exhibited total disinterest, and, in some cases (Mr Curtis, Mr Starkey) outright contempt for my country, its denizens and its history were so thoughtful as to sign a piece of paper has forced me to totally review my lifelong pro-independence stance.

I realise and understand completely that you all probably know more about the situation in Scotland than the people of Scotland do; after all, you're all really famous, and we're none too bright up here, you know, apart from inventing television, the refrigerator, canals, bicycles, chloroform, fingerprinting, animal cloning, fax machines, microwaves and magnetrons, adhesive postage stamps, tubular steel, pneumatic tyres, radar, propellers, ATM machines and PIN codes, the telephone, the condensing steam engine, tarmac, penning such unremarkable gewgaws as Peter Pan, Sherlock Holmes and Jekyll and Hyde, discovering penicillin, founding the US Navy, establishing Universal Standard Time, adumbrating the Rankine Thermodynamic Cycle, establishing the foundation of modern economics thanks to Adam Smith, abetting in the foundation of sociology as a modern science thanks to Adam Ferguson, discovering the nearest star to our sun, Proxima Centauri, discovering and linking the Noble Gases, establishing the Kelvin unit of temperature, inventing MRI machines, discovering the vaccine for typhoid, helping to establish general anaesthetic in medical procedure, inventing the electric clock in 1840 and the flush-toilet in 1775, devising the foundations of the Bank of England and the Bank of France, taking the world's first ever colour photograph, and various other trifles. We really do need to be reminded that these are mere dilettante efforts; governing ourselves is an entirely different matter. As the good folks at Better Together have told us on numerous occasions, we, alone among the nations of the planet Earth, and despite abundant-to-the-point-of-overwhelming evidence to the contrary, will not be capable of this.

On that note, I should like to take a few lines to address the Better Together campaign now, as you have all, through your signing of this hallowed document, tacitly aligned your good selves with the efforts of that noble organisation. Despite what you may have heard, Better Together have, throughout the last few years, been a shining example of truth-telling and reassurance. Those accusations, slung by those vicious people who state facts, that their campaign has been nothing more than a random farrago of shrill, terror-inducing and panic-peddling doomsday prophecies, saturated throughout with slander, half-truths, quarter-truths, outright lies and an irrelevant hate-obsession with one man, are, as I now see, totally exaggerated. They were right all along. The debate between Alistair Darling and Alex Salmond (yes, that debate, the debate that was described by pundits as one of the most important debates in modern political history, but which you probably didn't even see, because it wasn't televised in England, thanks to the equally unbiased British media) showed us all that modern UK politics is in rude health, with three main parties who should be occupying totally different strata of the political spectrum uniting as one to remind us that Alex Salmond is nothing less than the devil in pudgy form and that we are inherently incapable of governing ourselves, before, in a coup de grace, offering to give us as a nation more powers if we as a nation refuse more powers. They are simply a beacon of logic and compassion. I should also like to take this opportunity to thank the BBC, who unthinkingly took time out from their busy schedule of covering up the sundry paedophiles and abusers of vulnerable adults who were protected and celebrated by them to alternately ignore us completely/refuse to broadcast facts/remind us up here that we don't matter.

As for having some of the finest exports on Earth, we are fully cognisant that this will not help. And the oil? We'll just follow Westminster's lead and shut up about the oil, and the possibility of joining the rest of the world in actually setting up an oil fund if we got independence, as we don't want to annoy anyone. Besides it doesn't matter: we don't want independence anyway, because we can't do it.

We should also be reminded that a constitution that is increasingly alone among the nations of the civilised world in never having been drawn up or cohesively codified (with the result that if I were a practicing rather than a lapsed Catholic, I could not be Prime Minister, and if I were to go out walking to an archery contest in York clutching a bow and arrow, it would be perfectly legal to kill me) is the way to go in terms of governance, that Martin Luther King and the rest of them were just kidding about all women and men being equal and deserving an equal chance, when in fact, the Royal Family is inherently better than the rest of us because their ancestors chopped people up really effectively. That must be why so many of you have taken knighthoods, damehoods, lordships and peerages. Yes, that explains it. You are all such enlightened and selfless individuals, there is clearly nothing you wouldn't sacrifice to defend your Kingdom; to the extent that, in some cases, such as that of Sir Tony Robinson, you have even been willing to sacrifice your own principles to defend it.

The financial system of the United Kingdom that you defend so valiantly, you know, that one were the banks and corporations do whatever they want and pay their executives outrageous salaries only to be bailed out by the taxpayer when the inevitable bust comes along, the one that enriches the obscenely rich while enslaving the vast majority of the population, is the envy of the world. This, in turn, must account for the shocking appearance, in one or two cases, of signatories of this document who are not in fact millionaires, living in ivory towers and totally divorced from the reality that most people have to live. Once again, I commend you all for making me see sense.

I am certain that the Prime Minister (you know, the millionaire who went to Eton along with half of the previous cabinet; that man whom myself and my entire country didn't vote for, as we so ignorantly revile both his party and his policies) will salute you all for your efforts. You've certainly persuaded me. I'll vote for the UK, with its pro-Israel stance, and totally ignore the suffering of the people in Gaza, too. It's for the best, really. As for foreign affairs, well, it's demonstrably obvious that the best way to conduct them is with a horde of nukes at your back, and that the surest way to preserve world peace is with an array of weapons that could only ever be deployed militarily in some kind of nightmarish endgame scenario, but which nevertheless cost billions a year to maintain and store, even while public service budgets are ruthlessly slashed. Why didn't I see this before? I genuinely feel like the writer of Amazing Grace.

I'd like, finally, to take this opportunity to highlight, and indeed, laud, certain signatories of this document who I feel have made an undeniable contribution to twenty-first century art, science and high culture, namely Messrs Armstrong, Barrowman, Bragg, Brydon, Ms Cox, Messrs Cowell, Dawkins, Galloway, Izzard, Ms McCall, Messrs Mitchell, Richard, Robinson, Miss Sarpong, Messrs Starkey, Sting, Sugar, Titchmarsh, Walliams and Webb. You are all deeply talented and necessary individuals, and I thank you all from the bottom of my bowels for descending temporarily from on-high to appeal to scum like me to see sense and vote No.

Thank you all for affording me this opportunity to tell you all how wonderfully wonderful I think you are,

Yours obsequiously,

McB

Tuesday, 18 February 2014

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. 

Friday, 29 November 2013

Pulling The Wool - No Credit For Tweed.

Westminster and the Institute for Financial Studies (IFS) say there is, and will continue to be, a financial black hole in Scotland’s budget. They persist in telling us we are Too Poor, our economy is a basket case, and following independence we’d be poorer than a Developing Nation on its uppers, with a financial deficit in the billions. However, the IFS has apparently taken their data from those figures which are available from Westminster; figures that are created under the auspices of London’s government and London’s rules, as such they do not always, nor indeed by all appearances ever reflect the reality of Scotland’s financial standing because of certain “quirks” on how exports etc are recorded. Some of these issues I dealt with here Hidden Wealth.

Essentially, exports are credited to the UK nation that controls the port of departure. That’s right, it’s not about where they’re made, it is from where they are shipped.

The information in the above blog resulted in me being asked on Facebook what this meant for the iconic Harris Tweed Industry. It seemed appropriate to dig a bit.

My first stop was UK Registry of Companies to discover where much of the Harris Tweed industry was registered. This would tell us whether their profits and taxes could be attributed to Scottish income. The results were interesting and varied. Many of the smaller companies associated with the Harris Tweed Industry are indeed registered in Lewis, but the main mills where by far the majority of the textiles are produced brought a mixed bag of results.

I really enjoyed this trip into an iconic Scottish industry, and I learned much, such as the Harris Tweed Authority (HTA) was set up by Act of Parliament in 1993 to help protect and promote the industry, while maintaining standards within it. I was quite surprised to discover there are only three main mills within the industry, all based in the Outer Hebrides.

Shawbost is the largest mill and main producer of tweed. It is owned by Harris Tweed Hebrides Ltd and is registered in the Isle of Lewis. Interestingly, members of their board include one Ian Roper Taylor, of Vitol fame and a certain Brian Wilson, former UK Labour politician. Harris Tweed Hebrides board of directors.

The next and oldest operating mill (since 1909) belongs to the intriguingly named Harris Tweed Scotland Ltd. I say intriguingly from the viewpoint that it is actually registered as a company at Haincliffe Road, Ingrow, Keighly, West Yorkshire, BD21 5BU; Harris Tweed Scotland LTD. The company is owned by Mr Brian Haggas following a buy-out in 2006. It primarily produces tweed to be made into jackets, presumably in garment factories in the North East of England. These are then exported all over the world including sending an apparently small proportion of its finished garments back to the Islands to be sold there.

The third and smallest mill in Lewis involved in tweed production is the Carloway Mill. It’s an independent mill; however, I was unable to find any trace of registration on either of the Companies House or Company Check websites. Perhaps someone can enlighten me as to why this is so. In March of this year, they entered a joint venture with the large Chinese textile company Shandong Ruyi Technological Group Ltd. Companies not registered under their own names are often held by overseas investors through shell corporations. I’m not alleging this is the case here, but would welcome information to the contrary.

There is also a network of independent weavers within the industry who can work as contractors for any of the mills or sell their cloth freelance.

While the HTA would like you to think that the Hebrides are the centre of the exporting world for tweeds, as you will be misled by this HTA World Presence web-page, this is not strictly accurate. Indeed, all the fabric is created, dyed and woven there, but the vast majority of the product, and research indicates a substantial percentage of it, leaves the Islands by road haulage by Woody's Express Parcels and ferry for a depot in Inverness.

From Inverness I am reliably informed other haulage companies, namely DHL, UPS and FED EX take the fabric on the next step of the journey, to destinations such as East Midlands Airport (DHL, UPS), Newcastle Airport (FED EX) and all ports south. Very little of this Scottish iconic fabric actually leaves via a Scottish airport or dock. From this, I can only conclude that it doesn’t count in favour of Scottish exports and adds tonnage and financial gain to English exports, as bales of Harris Tweed exit via English ports.

What we have here is an iconic Scot’s product which has the appearance of being virtually deleted from the Scottish balance of payments ledger, while simultaneously accruing to England’s. To reiterate, as per UK export law, it is the port of exit that counts when it comes to registering overseas shipping, not the country of manufacture.

Under the weirdest of all situations one could actually have the finished garments, marked ‘Harris Tweed’ counted as a Scottish import, and worsening our balance of payments. This is because almost no ‘Harris Tweed’ garments are now manufactured in Scotland, so any sold here effectively have to be re-imported from the country of manufacture.

That you can play with the base fundamentals of an economy in such a fashion is very simple indeed. Especially when almost everyone relies upon the official figures from Westminster to obtain a consensus of agreement that Scotland might just be an economic basket case with a horrible balance of payments deficit, when the reverse may well indeed prove to be a much more accurate statement. The only real way to prove Scotland’s net worth would be to do as the USA apparently does with its states, and count the country of origin or state of origin of goods, but that might not be in vested interests with a referendum in the offing.

This is obviously something that happens with startling consistency where Scotland’s exports are concerned. It is agreed by those who have actually researched the figures that Scotland is nominally responsible for somewhere around 9% of UK GDP, this does not include oil which is treated separately, yet based upon air freight, with a similar number being expected across the board, Scotland is credited only for about 2% of UK export, by weight. Air Freight tonnage. The fact that the system is set up in such a way that practically all of Scotland’s manufacturing ends up exiting the British Isles not via a local airport or freight terminal, but one which, in Stornoway’s case, may be almost 700 miles away (Stornoway-London) is both detrimental to our economy and destructive to our environment. It is also a bit of an eye-opener when you discover Kent International Airport (where?) moved more tonnage in air freight (12,744 tonnes) than Edinburgh (8,933 tonnes) in the first half of 2013. In fact Manchester Airport shifted over twice (45,831) the cargo that the whole of Scotland moved (22,731).

The reality of this situation is that if Scotland produced exports of 9 billion pounds per year, then she would be being credited for 2 billion pounds per year, while the other 7 billion pounds per year will accrue to Westminster’s ledger, and no, they’re not hard numbers, they’re example figures.

This is a dreadful under-use of Scotland’s facilities and resources from all sorts of angles, including Green Issues, but that’s another blog for another time. Far more could and should be moved through these airports from an economical point of view. Local economies and employment would benefit enormously from this.

The important aspect I got from all of this is from London’s perspective, when you spread this “port of exit” requirement across all of Scotland’s exporting industries, whether it’s tweed, electronics or shortbread, they have created a wonderful statistical tool that ‘anyone’ can use to perpetuate the ‘too poor” case for the Scots’ economy and produce ‘believable’ statistical data that might encourage a ‘NO’ vote when perpetuated by the MSM in Scotland without proper back up research.

Monday, 25 February 2013

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.