I voted yes....but felt like I'd been kicked in the ba's the day

[Red_Zeppelin]

the very money we have in our pockets......not a big issue?......I shake my head.

so where are we now:

- the euro is a no go
- the sterling zone with the rest o the uk is also a no go (see link in first post)

- maybe we could go wi the scottish pound and find out its nae actually worth a sh1t.

[stewarty27]

the very money we have in our pockets......not a big issue?......I shake my head.

so where are we now:

- the euro is a no go
- the sterling zone with the rest o the uk is also a no go (see link in first post)

- maybe we could go wi the scottish pound and find out its nae actually worth a sh1t.

Very pessimistic outlook Zep. The whole thing has changed since Brexit .The pound's value has dropped greatly since then and will prob never recover to what it was. The point I was making was its not the type of currency you have in your pocket its what its worth. I have listened to the Stiglitz interview and he did NOT say it was a mistake he said " it MAY have been a mistake" big difference !

The "mistake" the Yes side made was thinking there would be some kind of goodwill on the Unionist side and they would be logical about it. But they used it as a weapon !!! Yes thought that the Tories would act in a logical and reasonable manner.The shared currency proposal gave UKOK an opportunity to damage the Yes campaign by declining the SNP proposal,a proposal that Westminster couldn’t block in reality . A lesson learned, next time do not set out your stall assuming any cooperation with UKOK. That was what Stiglitz meant.
There is absolutely NO reason Scotland could not have its own currency probably the "Scottish Pound would be best. Why would the Scottish pound be... actually worth a sh1t. it would be a bona fide tradable currency like any other in the world. The only potential difference in currency valuations would occur if Scotland launched its own currency and the most likely outcome is that Scotland currency would be worth more than the rest of UK’s so we would have to devalue / peg our currency to sterling so that exchange rates didn’t make scottish goods and services to expensive for the R UK to buy.

[Taintedice]

A Scottish pound has to be tied to the English pound, which then leaves it vulnerable to events in England, such as Engxit which saw the £ drop dramatically. If it's a standalone currency, the barrowboys and spivs in London masquerading as currency traders will do everything to destabilise it, at the behest of a bitter English government who will see their own sterling zone plunge. Hope the SNP have a strategy.