GinRummy Posted July 23, 2020 Share Posted July 23, 2020 (edited) 3 minutes ago, Space Mackerel said: Money is debt. Look on every single note in your pocket, it says "promise to pay bearer on demand" Go on, have a look. Every single pound in you pocket is a IOU to somebody. Money is debt. I don’t need to look. It’s cool man, economics isn’t particularly my bag either. Just wondered what the specific policy on borrowing was. Maybe there isn’t even a policy yet. Who knows? Neither of us two do, that’s for sure. Edited July 23, 2020 by GinRummy Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, GinRummy said: I don’t need to look. It’s cool man, economics isn’t particularly my bag either. Just wondered what the specific policy on borrowing was. Maybe there isn’t even a policy yet. Who knows? Neither of us do, that’s for sure. If you don't know about macro economics why are you talking about it? Understand Central Banks, theory of money and the whole shebang first. Then you can get reading Common Weal PDF's Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: If you don't know about macro economics why are you talking about it? Understand Central Banks, theory of money and the whole shebang first. Then you can get reading Common Weal PDF's I do broadly understand economics as well as Interest rates, the different ways companies and countries borrow money, investing, political influence on stock markets and all that pish. When I said it wasn’t my bag, I just mean it’s not that interesting. I don’t think you know the SNP’s policy on borrowing money though. Which is where this chat started. Quote Link to comment Share on other sites More sharing options...
North Berwick Jambo Posted July 23, 2020 Share Posted July 23, 2020 (edited) My 6 year old granddaughter could do a better job of managing the uk economy than those currently running it down south. As for Scotland it’s now obvious that Independence is inevitable & I have faith that those put in charge of making sure it happens will do a great job. We’re actually quite a clever country overall 😉 Edited July 23, 2020 by North Berwick Jambo Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 2 minutes ago, GinRummy said: I do broadly understand economics as well as Interest rates, the different ways companies and countries borrow money, investing, political influence on stock markets and all that pish. When I said it wasn’t my bag, I just mean it’s not that interesting. I don’t think you know the SNP’s policy on borrowing money though. Which is where this chat started. So, after a Yes vote, how would government borrowing affect your life? Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, North Berwick Jambo said: My 6 year old granddaughter could do a better job of managing the uk economy than those currently running it down south. As for Scotland it’s now obvious that Independence is inevitable & I have faith that those put in charge of making it sure it happens will do a great job. We’re actually quite a clever country overall 😉 Got to agree with all of this. The uk government has never been more out of step with the Scottish people since thatcher. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 (edited) 9 minutes ago, Space Mackerel said: So, after a Yes vote, how would government borrowing affect your life? The government needs to balance borrowing with revenue (mainly through taxation). If the government decides not to borrow a lot of money and raise more through taxes then that affects everyone. If the government goes the other way and borrows a lot of money that could in certain circumstances lead to severe Government cutbacks, again affecting everyone. Will we, as an independent country get the same credit rating as the uk currently has? Will that credit rating have an impact on borrowing policy? Edited July 23, 2020 by GinRummy Quote Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2020 Share Posted July 23, 2020 32 minutes ago, Space Mackerel said: Money is debt. Look on every single note in your pocket, it says "promise to pay bearer on demand" Go on, have a look. Every single pound in you pocket is a IOU to somebody. Money is debt. Notes with that statement on it were issued to people depositing coins in days of yore. Easier to carry around paper, and when you wanted the money back, you went to the bank with promisory note and they returned the coins. Not debt. An exchange Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 5 minutes ago, GinRummy said: The government needs to balance borrowing with revenue (mainly through taxation). If the government decides not to borrow a lot of money and raise more through taxes then that affects everyone. If the government goes the other way and borrows a lot of money that could in certain circumstances lead to severe Government cutbacks, again affecting everyone. Will we, as an independent country get the same credit rating as the uk currently has? Will that credit rating have an impact on borrowing policy? Have you got a job? Like a proper job, not collecting trolleys or ****ing about in bars when I was younger? Quote Link to comment Share on other sites More sharing options...
Marty Byrde Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, Space Mackerel said: Have you got a job? Like a proper job, not collecting trolleys or ****ing about in bars when I was younger? Quite the attitude from a boy whose been badly exposed as a buffoon tonight. Not a good look son. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, Fun Boaby said: Notes with that statement on it were issued to people depositing coins in days of yore. Easier to carry around paper, and when you wanted the money back, you went to the bank with promisory note and they returned the coins. Not debt. An exchange EH? Look on any £, its still the same. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: Have you got a job? Like a proper job, not collecting trolleys or ****ing about in bars when I was younger? It seems like you need to feel superior to me for some reason. Is that how you make yourself feel better by trying to belittle people who ask you questions you don’t know the answer to? Quote Link to comment Share on other sites More sharing options...
Dawnrazor Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, Marty Byrde said: Quite the attitude from a boy whose been badly exposed as a buffoon tonight. Not a good look son. He's tired bless him, been busy all day so he has. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, Marty Byrde said: Quite the attitude from a boy whose been badly exposed as a buffoon tonight. Not a good look son. Dramatic entrance. 😁 Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, GinRummy said: It seems like you need to feel superior to me for some reason. Is that how you make yourself feel better by trying to belittle people who ask you questions you don’t know the answer to? I'm just curious if you are one of these dippit Hearts bams I see at most away games. Manky tracky bottoms, singing GSTQ, that sort of pish, you know? Quote Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2020 Share Posted July 23, 2020 2 minutes ago, Space Mackerel said: EH? Look on any £, its still the same. The origin of that statement is as explained above. Its a promise by the bank to pay the person presentlng the note to the bank. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: I'm just curious if you are one of these dippit Hearts bams I see at most away games. Manky tracky bottoms, singing GSTQ, that sort of pish, you know? Would that help you to know what the snp’s policy on borrowing money was? Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, GinRummy said: Would that help you to know what the snp’s policy on borrowing money was? Scottish Government can only borrow up to £500m per fiscal year under Barnett as is currently. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 https://www.gov.scot/publications/fiscal-framework-outturn-report-september-2019/pages/10/ Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, Space Mackerel said: Scottish Government can only borrow up to £500m per fiscal year under Barnett as is currently. I know about the Barnett formula. And their policy if we gain independence is what? Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, GinRummy said: I know about the Barnett formula. And their policy if we gain independence is what? You dont wave your Union Jack flags about Tynecastle like the plastic Rainjurs Mk2.0 fans you are. Simples. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 3 minutes ago, Space Mackerel said: https://www.gov.scot/publications/fiscal-framework-outturn-report-september-2019/pages/10/ Thank you. Looks like that is while we are still a part of the uk. Probably don’t have a similar policy for if we gain independence as yet. Thanks for the quick reply. 👍 Quote Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2020 Share Posted July 23, 2020 13 minutes ago, Dawnrazor said: He's tired bless him, been busy all day so he has. Oddly enough, these sort of protests and some of the rabid nationalism exhibited these days probably hinders rather than helps the cause for independence. If nationalists stop being angry at England/Westminster/Tories and start taking a more grown up approach, they'd have a far better chance of convincing the middle ground people. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, GinRummy said: Thank you. Looks like that is while we are still a part of the uk. Probably don’t have a similar policy for if we gain independence as yet. Thanks for the quick reply. 👍 Imagine funding or buying a football team like I have along with over 8000 others since 2013, £20 a month, idiots like you would have said it was impossible. But thats just you. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 2 minutes ago, Space Mackerel said: You dont wave your Union Jack flags about Tynecastle like the plastic Rainjurs Mk2.0 fans you are. Simples. Yep. Rangers fans are well known for enquiring about government borrowing plans. I can see where you’re coming from there. Sashes, bowler hats and a good debate about narrowing the deficit. Well known for it. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: Imagine funding or buying a football team like I have along with over 8000 others since 2013, £20 a month, idiots like you would have said it was impossible. But thats just you. well done you. You’re a credit to your club and country. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, GinRummy said: Yep. Rangers fans are well known for enquiring about government borrowing plans. I can see where you’re coming from there. Sashes, bowler hats and a good debate about narrowing the deficit. Well known for it. The trouble is, you and you're ilk don't think out the box, only when you're out your own box. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, GinRummy said: well done you. You’re a credit to your club and country. You are never a Hearts fan saying shite like that. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, Space Mackerel said: The trouble is, you and you're ilk don't think out the box, only when you're out your own box. That’s pretty clever. Thinking out the box yourself there. Double meaning type of thing. Quote Link to comment Share on other sites More sharing options...
Dawnrazor Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: The trouble is, you and you're ilk don't think out the box, only when you're out your own box. 🤣 oh the ****in irony . Put the mothers pride bag and the ecostick down for the night a ya balloon, you've made a big enough prick of yoursel for one night. Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: You are never a Hearts fan saying shite like that. Just congratulating you on being a stand up kind of guy. Quote Link to comment Share on other sites More sharing options...
Dawnrazor Posted July 23, 2020 Share Posted July 23, 2020 6 minutes ago, Fun Boaby said: Oddly enough, these sort of protests and some of the rabid nationalism exhibited these days probably hinders rather than helps the cause for independence. If nationalists stop being angry at England/Westminster/Tories and start taking a more grown up approach, they'd have a far better chance of convincing the middle ground people. I completely agree with this. Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 1 minute ago, Dawnrazor said: 🤣 oh the ****in irony . Put the mothers pride bag and the ecostick down for the night a ya balloon, you've made a big enough prick of yoursel for one night. 54% 😎 Quote Link to comment Share on other sites More sharing options...
Dawnrazor Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: 54% 😎 Never going to happen glueboy but you're ramblings and rantings do make for great entertainment, you're nothing if not great value👍😆 Quote Link to comment Share on other sites More sharing options...
manaliveits105 Posted July 23, 2020 Share Posted July 23, 2020 8 minutes ago, Fun Boaby said: Oddly enough, these sort of protests and some of the rabid nationalism exhibited these days probably hinders rather than helps the cause for independence. If nationalists stop being angry at England/Westminster/Tories and start taking a more grown up approach, they'd have a far better chance of convincing the middle ground people. Not to mention causing animosity / fights in holiday hotspots whilst these two weirdos are safely tucked up in their tartan sheets Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, Dawnrazor said: Never going to happen glueboy but you're ramblings and rantings do make for great entertainment, you're nothing if not great value👍😆 Should be fun Quote Link to comment Share on other sites More sharing options...
Dawnrazor Posted July 23, 2020 Share Posted July 23, 2020 Just now, Space Mackerel said: Should be fun 👍 Quote Link to comment Share on other sites More sharing options...
GinRummy Posted July 23, 2020 Share Posted July 23, 2020 3 minutes ago, manaliveits105 said: Not to mention causing animosity / fights in holiday hotspots whilst these two weirdos are safely tucked up in their tartan sheets Who are the two weirdos? Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Just now, Dawnrazor said: 👍 54% though Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 Still falling. 😁 Quote Link to comment Share on other sites More sharing options...
Dawnrazor Posted July 23, 2020 Share Posted July 23, 2020 (edited) 5 minutes ago, Space Mackerel said: 54% though Edited July 23, 2020 by Dawnrazor Quote Link to comment Share on other sites More sharing options...
Space Mackerel Posted July 23, 2020 Share Posted July 23, 2020 2 minutes ago, Dawnrazor said: I doubt thats better than holding up 2 crabs in Orkney harbour today. Quote Link to comment Share on other sites More sharing options...
tcjambo Posted July 23, 2020 Share Posted July 23, 2020 On 24/02/2020 at 12:13, EIEIO said: Do you still think Britain is a world super power? We are a bit part player/plaything of the USA a separate nuclear "deterent" is the vanity project to end all vanity projects. Not one country that has gained independence from the British Empire has ever asked to be taken back over by Westminster, I wonder why? They don't live in the other part of the island though last time I looked. Quote Link to comment Share on other sites More sharing options...
EIEIO Posted July 23, 2020 Share Posted July 23, 2020 2 minutes ago, tcjambo said: They don't live in the other part of the island though last time I looked. Ireland is in the British Isles geographically. Quote Link to comment Share on other sites More sharing options...
tcjambo Posted July 23, 2020 Share Posted July 23, 2020 (edited) 1 hour ago, North Berwick Jambo said: My 6 year old granddaughter could do a better job of managing the uk economy than those currently running it down south. As for Scotland it’s now obvious that Independence is inevitable & I have faith that those put in charge of making sure it happens will do a great job. We’re actually quite a clever country overall 😉 Nothing's inevitable - they said the same in Quebec years ago and independence has never been further away. If you think Stugeon is doing a great job then you must stick your fingers in your ears and go lalala to anything that challenges your views Edited July 23, 2020 by tcjambo Quote Link to comment Share on other sites More sharing options...
tcjambo Posted July 23, 2020 Share Posted July 23, 2020 (edited) 2 minutes ago, EIEIO said: Ireland is in the British Isles geographically. Totally irrelevant when you are talking about us and England and Wales. Look at all the trouble the border has caused over there as well. Edited July 23, 2020 by tcjambo Quote Link to comment Share on other sites More sharing options...
WoolfordsHearts Posted July 23, 2020 Share Posted July 23, 2020 1 hour ago, Space Mackerel said: If you don't know about macro economics why are you talking about it? Understand Central Banks, theory of money and the whole shebang first. Then you can get reading Common Weal PDF's I had a Macro card years ago. It was economically bad for me as I went through to Sighthill,spent a hundred quid and came home with nothing to eat. Plenty soap powder,kitchen roll and dug food though.👍 Quote Link to comment Share on other sites More sharing options...
ri Alban Posted July 24, 2020 Share Posted July 24, 2020 9 hours ago, Dawnrazor said: He's tired bless him, been busy all day so he has. Oh look, Unionists posing for the sun, with anti England banner. How imaginative. Quote Link to comment Share on other sites More sharing options...
manaliveits105 Posted July 24, 2020 Share Posted July 24, 2020 18 minutes ago, ri Alban said: Oh look, Unionists posing for the sun, with anti England banner. How imaginative. Nah 100% typical ayebaw rockets 🧨 Quote Link to comment Share on other sites More sharing options...
Ron Burgundy Posted July 24, 2020 Share Posted July 24, 2020 Boris visited a cheese factory in Orkney. Now SNP dafties are calling on a boycott to put the company out of business. Is that really the sort of Scotland that people want. A place where having a different point of view can see your livelihood taken away from you. Quote Link to comment Share on other sites More sharing options...
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