As the vote for Scottish independence looms, the powers to be are finally taking it seriously. The real powers being the bankers. The Royal Bank of Scotland (?) has declared that if the vote took steps they will, of course, move their corporate headquarters to
The outlier attitude of a few rebels has suddenly become serious business.
When boiled down it’s as the title of my radio show says, It’s All About Money (can be heard daily on billtatro.com).
Mark Carney (Governor of the Bank of England) and others asked “What currency will the Scots use?” “What will back it?” “Who will accept it?”
It seems to me that all the Scots need is a printing press and they can join the world’s stage. After all, the Dollar, the Euro and even the Pound are simply backed by good faith promises to pay. Given the Scots reputation for frugality it would seem their promises would be far better than the rest of the worlds.
So RBS leaves and goes away. So what? There will always be someone else to take its place and perhaps someone who didn’t need the multibillion dollar bailout as in 2008. Perhaps a new bank could be formed called the True Bank of
If money weren’t enough, the most recent announcement by the President of the
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