grumpyjambo Posted June 11, 2008 Share Posted June 11, 2008 http://thescotsman.scotsman.com/latestnews/Scotland39s-own-banknotes-saved.4171798.jp WTF? ?4.7 billion every weekend? Words fail me, roll on independance. Is there any real justification for this or are we being ripped of by England again? Link to comment Share on other sites More sharing options...
tedp6873 Posted June 11, 2008 Share Posted June 11, 2008 i think they should do away with them as the Euro will be here soon. Link to comment Share on other sites More sharing options...
Rawrrrrrrr Posted June 11, 2008 Share Posted June 11, 2008 Frankly who cares, one ?10 note is as good as any other I think we all know the only party who would be bothered by this and that is because there more interested in being scottish than the wellbeing of scotland Link to comment Share on other sites More sharing options...
belly Posted June 11, 2008 Share Posted June 11, 2008 Well you know what that means, that when you go down to engerlandshire, our currency will be no good, as it is technically not legal tender! Link to comment Share on other sites More sharing options...
tedp6873 Posted June 11, 2008 Share Posted June 11, 2008 Frankly who cares, one ?10 note is as good as any other I think we all know the only party who would be bothered by this and that is because there more interested in being scottish than the wellbeing of scotland what your saying is not true as the English dont see our money as legal tender and i think this story makes this come forward now. get the Euro in and all will be much better. Link to comment Share on other sites More sharing options...
I P Knightley Posted June 11, 2008 Share Posted June 11, 2008 Mr Salmond, who had described the original plan as a "dagger at the heart" of Scottish banking said: "This is great news. It's a victory for Scotland and its financial sector. I'm delighted the Treasury have dropped their ludicrous proposals that threatened the very existence of Scottish bank notes. Let's hope they've finally learnt their lesson and never jeopardise our bank notes again. Oh my goodness, he's quite the drama queen, isn't he?:dramaqueen:Bravo!:dramaqueen:Encore!:rose: Roll on independence and the introduction to Scotland of the ?EURO which IN NO WAY AT ALL jeopardises the very existence of Scottish bank notes. Link to comment Share on other sites More sharing options...
grumpyjambo Posted June 11, 2008 Author Share Posted June 11, 2008 http://thescotsman.scotsman.com/latestnews/Scotland39s-own-banknotes-saved.4171798.jp WTF? ?4.7 billion every weekend? Words fail me, roll on independance. Is there any real justification for this or are we being ripped of by England again? Its this money that England gets every weekend that angers more than anything. Link to comment Share on other sites More sharing options...
I P Knightley Posted June 11, 2008 Share Posted June 11, 2008 Its this money that England gets every weekend that angers more than anything. Ach, they always give it back on the Monday morning... Link to comment Share on other sites More sharing options...
Seats Posted June 11, 2008 Share Posted June 11, 2008 Its this money that England gets every weekend that angers more than anything. Er, why would this make you angry? it's just a security deposit, we get it back every monday. Link to comment Share on other sites More sharing options...
Tynie b Posted June 11, 2008 Share Posted June 11, 2008 Oh my goodness, he's quite the drama queen, isn't he?:dramaqueen:Bravo!:dramaqueen:Encore!:rose: Roll on independence and the introduction to Scotland of the €EURO which IN NO WAY AT ALL jeopardises the very existence of Scottish bank notes. I heard the Fat Tartan Xenophobe on the News last night talking about GB..."He may not have gone hame,He stay's in London, But he certainly hud tae think again!!"........This Fat P**** makes me with all his hatered for anything NON-Scottish!! Link to comment Share on other sites More sharing options...
grumpyjambo Posted June 11, 2008 Author Share Posted June 11, 2008 Er, why would this make you angry? it's just a security deposit, we get it back every monday. Why though? Why should we give them 4.7 BILLION every week (yes we do get it back) just for the privilage of having our own bank notes? Stinks of serfdom and/or another tax on those pesky Scots. Link to comment Share on other sites More sharing options...
Therapist Posted June 11, 2008 Share Posted June 11, 2008 Why should we give them 4.7 BILLION every week (yes we do get it back) just for the privilage of having our own bank notes? It's the way the Treasury controls the amount of money in circulation. Or would you prefer to see the Scottish banks issue so many notes that a pound was worth less than a pound? Incidentally, Scottish notes are not legal tender anywhere, even Scotland. Link to comment Share on other sites More sharing options...
Boris Posted June 11, 2008 Share Posted June 11, 2008 It's the way the Treasury controls the amount of money in circulation. Or would you prefer to see the Scottish banks issue so many notes that a pound was worth less than a pound? Incidentally, Scottish notes are not legal tender anywhere, even Scotland. The Dinosaur is correct. Secondary tender I think it's called? The politicians really missed a turn when the Union was formed. They could have simply renamed the Bank of England (founded by a Scot!) the Bank of Britain. But hey ho..... Link to comment Share on other sites More sharing options...
Makween Posted June 11, 2008 Share Posted June 11, 2008 Words fail me, roll on independance. Any excuse Link to comment Share on other sites More sharing options...
Seats Posted June 11, 2008 Share Posted June 11, 2008 Why though? Why should we give them 4.7 BILLION every week (yes we do get it back) just for the privilage of having our own bank notes? Stinks of serfdom and/or another tax on those pesky Scots. Therapist is spot on - helps the circulation issue and prevents a "run" on the bank. Now perhaps you could explain to me how this affects YOU and why this makes YOU angry? I'm afraid you sound like a typical nationalist to me - complain about the union for the sake of it without understanding the issues involved. Link to comment Share on other sites More sharing options...
i8hibsh Posted June 11, 2008 Share Posted June 11, 2008 This is the kind of petty trivial nonsense that ignites the Nat's flame I could not care if we done away with our currency or notes, as it say's in the article it is not even legal tender Just have the the BOE roll our money out - whoopdyfeckin do Surely there are other things like hospital beds and policing for the Nats to worry about? Like it or not we are losing out by not being in the Euro - it is the 2nd biggest trading currency in the world behin the USD$ Don't reckon the chubby crusader and his Scottish Nationalists would be bothored with that as at the end of the day the only thing they object too really is having the Queen and association to England with the current Sterling notes Link to comment Share on other sites More sharing options...
I P Knightley Posted June 11, 2008 Share Posted June 11, 2008 Surely there are other things like hospital beds and policing for the Nats to worry about? Eggs-Ackley! But in the fields of policing (growth in numbers of coppers, anyone?) and schools (reduction in pupil:teacher ratio, anyone?) Alex and his team are not performing to well, are they. So, shout LOUD about a petty little 'victory', ignoring the point that it contradicts your own policy re ditching Scottish notes and taking on the ?euro, and no one will notice. I got a coin in my palm I can make it disappear I got a card up my sleeve Name it and I'll pull it out your ear I got a rabbit in my hat If you want to come and see This is what will be Link to comment Share on other sites More sharing options...
belly Posted June 11, 2008 Share Posted June 11, 2008 But in the fields of policing (growth in numbers of coppers, anyone?) and schools (reduction in pupil:teacher ratio, anyone?) Alex and his team are not performing to well, are they. But they have another 3 years to fullfil the election promises, but then again how many other parties never fullfil all of their election promises? The only difference being they are a minority government, and anything the other parties don't like aint going go through. Link to comment Share on other sites More sharing options...
grumpyjambo Posted June 11, 2008 Author Share Posted June 11, 2008 It's the way the Treasury controls the amount of money in circulation. Or would you prefer to see the Scottish banks issue so many notes that a pound was worth less than a pound? Incidentally, Scottish notes are not legal tender anywhere, even Scotland. How does giving the treasury 4.7 BILLION control the amount of money in circulation? Please explain to a layman. Sounds like an interest free loan every weekend. IMO the sooner the euro is in circulation in Scotland the better. Link to comment Share on other sites More sharing options...
Therapist Posted June 11, 2008 Share Posted June 11, 2008 How does giving the treasury 4.7 BILLION control the amount of money in circulation? Please explain to a layman. First, the amount changes from time to time. It's not always ?4.7 billion. But basically, for every Scottish pound that's issued, the banks must deposit exactly the same number of English pounds with the BoE. As BoE control how much English dosh is issued it gives them total control of the money supply and notes in circulation. Link to comment Share on other sites More sharing options...
grumpyjambo Posted June 11, 2008 Author Share Posted June 11, 2008 First, the amount changes from time to time. It's not always ?4.7 billion. But basically, for every Scottish pound that's issued, the banks must deposit exactly the same number of English pounds with the BoE. As BoE control how much English dosh is issued it gives them total control of the money supply and notes in circulation. Thank you Link to comment Share on other sites More sharing options...
grumpyjambo Posted June 11, 2008 Author Share Posted June 11, 2008 On second thoughts, why do they need the money over the weekend? Link to comment Share on other sites More sharing options...
Therapist Posted June 11, 2008 Share Posted June 11, 2008 On second thoughts, why do they need the money over the weekend? The world doesn't stop on Friday at 5pm and resume on Monday at 9am. Link to comment Share on other sites More sharing options...
Guest S.U.S.S. Posted June 11, 2008 Share Posted June 11, 2008 On second thoughts, why do they need the money over the weekend? Have you ever bought a drink in China White? Link to comment Share on other sites More sharing options...
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