The first of them (and the "most technical" if you choose to dig deeply) is Kevin Hagues excellent "Chokkablog" presentations of the figures on the Scottish Indy Manifesto Financials without offering any judgement or personal suggestions of how a vote should have been cast at that time. (Bear in mind this presentation was prepared some months ago so the figures given will have become worse due to the ongoing falling Oil price issues.)
His presentation starts with a quick overview video and then follows up with a more detailled
and enlightening set of presentations on the figures regarding Scotland long running fiscal deficit and how that figure would affect "FFA" (Full Fiscal Autonomy) , its affect on Independence as well as how any financial shotfall might possibly have to be dealt with and the possible potential time periods involved to balance Scotlands large financial deficit.
Clich here for the Video's Click here to start Kevin Hagues excellent video presentations
Kevin's Chokkablog Homepage can be found here http://chokkablog.blogspot.co.uk/
The "Gers" figures which are trustworthy Scottish national statistics compiled by the Scottish Government itself are explained again here
http://chokkablog.blogspot.co.uk/2015/03/how-scotlands-economy-contributes-to-uk.html
What FFA is http://chokkablog.blogspot.co.uk/2015/04/full-fiscal-autonomy-for-dummies.html
These texts are all the work of Kevin Hague who has a very wide following from people on both sides of the Independence arguement. (see the "endorsements" tab on his Blog)
(Kevin can be followed via his Blog or via Twitter. Help to inform as many other people by highlighting Kevins videos to them too.)
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The second is Fraser Whyte's Blog https://whytepaper.wordpress.com/ which contains some great disection of SNP political doublespeak and those often repeated false Nat memes (good articles here particularly on "The Vow" and "WingsOverScotland" false information Nat memes )
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Third up is the "Live Red, White and Blue Book" written by a previous SNP voter who remarks "I was startled by the cynicism of such an obviously manipulative and deceptive ploy by the SNP, a party that I voted for at Holyrood, and I feared for the consequences of our country when false hope turned to anger and despair.
https://docs.google.com/document/d/16iR4zmlaf3PyU6RiNRtt4bFQt1bQ-q-P23n2xvVQnOg/mobilebasic?pli=1#heading=h.4uqvm913hroa
Open the link and scroll down the page for the texts
Lots of good recurring subjects often used by Nats to falsely argue the case for Independence are commented on and are explained in full very well.
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Fourth but not least is https://ahdinnaeken.wordpress.com/ I have no idea who writes this but all the articles are well informed, well written, wry and guaranteed I reckon to appeal to all Unionists.
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Please share these as much as you can , the more brainwashed Nats they reach the better as there is only so much "evidence" they can continue to deny when its put before them.
Showing posts with label Cult. Show all posts
Showing posts with label Cult. Show all posts
Saturday, 10 October 2015
Saturday, 3 October 2015
"Updated 20/3/2016" The Michelle Thomson MP scandal is now rocking the SNP's too long fragile facade.
"Latest Update. Michelle Thomson puts two properties up for sale , including her own Edinburgh Home ...."
http://www.thesundaytimes.co.uk/sto/news/uk_news/scotland/article1680513.ece
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That facade being the one that the SNP is a knowledgeable and powerful force to be reckoned with on "Business" matters and therefore is a competent place in which the nation can put it's trust.
Well last week that lie previously fostered by SNP policy mandarins has been completely blown to pieces.
Michelle Thomson was put on a pedestal by the SNP hierarchy, who previously was Managing Director of the hugely ambitiously named "Business for Scotland" (a group that liked to portray itself as the Scottish version of the CBI , although in reality it was a mere tiddler of an organisation with membership of around 30 individuals none of which are major players in Scottish Industry or Business. More information on "Business for Scotland" later. )
Michelle only became active in the SNP after the Independence Referendum and then shortly after being elected was given a top role representing Scottish Businesses, it has to be asked now though considering the texts present on her own business website showing her "Thatcherite" views , how good the SNP's often quoted "Rigorous Vetting" of prospective MP's actually was ? I suspect this will not be the only issue like this that will arise in the future, considering the vow of SNP MP's not having second jobs has already been exposed with at least 15 of them breaking the SNP "higher moral vow " on this made by Pete Wishart MP.
This extracts of the text below give the gist of the story so far.
=======================================================================
INVESTIGATION Greed, vanity and crooked deals that helped build £1.7million property empire for SNP’s ‘business expert’
In the light of the £1.7million property empire Mrs Thomson now controls, and the dubious means by which it was built, it was an extraordinary story to offer an interviewer who had simply asked what she had wanted to be when she was a child.
Anyone taking the trouble to check the Parliamentary register of members’ interests would find Mrs Thomson now has rather more in common with the Queen than those with no houses at all. She lists nine Scottish properties which she either owns or part-owns.
More detailed records held at the Land Registry show the MP and her husband Peter’s portfolio actually extends to 17 – many let out for between £600 and £800 a month, providing a very tidy extra income for the working couple, even after monthly mortgage repayments are subtracted.
What self- destructive impulse would drive the SNP’s business spokesman to raise the issue of multiple home ownership, t he very area where she was most vulnerable to attack?
And what would possess her to do so in the full knowledge that her solicitor Christopher Hales had been struck off for professional misconduct for his role in building her empire?
These are questions both Mrs Thomson and the SNP may reflect upon at length as they look back on her first – and possibly only – year in politics.
Both may wonder also what this wannabe property mogul, preying on the most desperate house-sellers to feather her own nest, thought she was doing representing the anti-austerity SNP at Westminster at all. For, notwithstanding her support for independence, it is abundantly clear that she and the party were not on the same page.
On the website for her firm Your Property Shop former council houses were described as ‘our favourites’ and there were boasts that English investors found them particularly attractive.
This, of course, was the local authority housing stock which was sold to council tenants under the right to buy legislation of Margaret Thatcher – a policy, and a Prime Minister, despised by the SNP.
Yet Mrs Thomson’s website celebrated the money-making opportunity the policy brought, declaring: ‘With the advent of right to buy during the Thatcher era, many Scots took advantage of the policy and bought their council home for a knock-down price.
‘Many of these same homeowners find themselves now with huge equity in their homes and are able to sell at hugely discounted rates and still pocket a handsome profit. So a “win-win” for both the vendor and the investor. Yippee!!’
But then, that decision was made very recently indeed – only a few months, in fact, before s he f ound herself in Westminster.
There she was immediately handed a frontbench brief and was trumpeted hubristically as one of the new breed of serious professionals, rich in hinterland, swelling the modern SNP’s elected ranks.
She j oined Standard Life, working in IT for 14 years before moving to the Royal Bank of Scotland (RBS), just before chief executive Fred Goodwin’s disastrous purchase of the Dutch Bank ABN Amro, which almost sank RBS and was one of the triggers for the financial crisis. She left her role as programme manager there just months before t he bank announced the largest annual loss in UK corporate history.
No matter, for Mrs Thomson now planned to work for herself – reaping the benefits of the very disaster her f ormer employer had helped bring about.
‘ I took advantage of the property dip to build my own portfolio of buy-to-let and holiday rental properties,’ she wrote on one social media profile.
But how was it possible to build such an extensive portfolio so quickly? Where was the money coming from?
http://www.thesundaytimes.co.uk/sto/news/uk_news/scotland/article1680513.ece
--------------------------------------------------------------------------------------------------------------------------
That facade being the one that the SNP is a knowledgeable and powerful force to be reckoned with on "Business" matters and therefore is a competent place in which the nation can put it's trust.
Well last week that lie previously fostered by SNP policy mandarins has been completely blown to pieces.
Michelle Thomson was put on a pedestal by the SNP hierarchy, who previously was Managing Director of the hugely ambitiously named "Business for Scotland" (a group that liked to portray itself as the Scottish version of the CBI , although in reality it was a mere tiddler of an organisation with membership of around 30 individuals none of which are major players in Scottish Industry or Business. More information on "Business for Scotland" later. )
Michelle only became active in the SNP after the Independence Referendum and then shortly after being elected was given a top role representing Scottish Businesses, it has to be asked now though considering the texts present on her own business website showing her "Thatcherite" views , how good the SNP's often quoted "Rigorous Vetting" of prospective MP's actually was ? I suspect this will not be the only issue like this that will arise in the future, considering the vow of SNP MP's not having second jobs has already been exposed with at least 15 of them breaking the SNP "higher moral vow " on this made by Pete Wishart MP.
This extracts of the text below give the gist of the story so far.
=======================================================================
INVESTIGATION Greed, vanity and crooked deals that helped build £1.7million property empire for SNP’s ‘business expert’
EARLY last month, Michelle Thomson gave an interview in which
she dredged up a painful memory from primary school. The Nationalist MP
appeared to be describing the difficult birth of her social conscience.
Were Michelle T Thomson’s property
deals on the rig right side of the law?
‘When I was ten, I asked the teacher why the Queen had so many houses when
other people had none at all,’ she revealed. ‘The teacher, for my troubles, took
me out and belted me. I remember thinking, “I don’t want to be told how to
think”.’ In the light of the £1.7million property empire Mrs Thomson now controls, and the dubious means by which it was built, it was an extraordinary story to offer an interviewer who had simply asked what she had wanted to be when she was a child.
Anyone taking the trouble to check the Parliamentary register of members’ interests would find Mrs Thomson now has rather more in common with the Queen than those with no houses at all. She lists nine Scottish properties which she either owns or part-owns.
More detailed records held at the Land Registry show the MP and her husband Peter’s portfolio actually extends to 17 – many let out for between £600 and £800 a month, providing a very tidy extra income for the working couple, even after monthly mortgage repayments are subtracted.
What self- destructive impulse would drive the SNP’s business spokesman to raise the issue of multiple home ownership, t he very area where she was most vulnerable to attack?
And what would possess her to do so in the full knowledge that her solicitor Christopher Hales had been struck off for professional misconduct for his role in building her empire?
These are questions both Mrs Thomson and the SNP may reflect upon at length as they look back on her first – and possibly only – year in politics.
Both may wonder also what this wannabe property mogul, preying on the most desperate house-sellers to feather her own nest, thought she was doing representing the anti-austerity SNP at Westminster at all. For, notwithstanding her support for independence, it is abundantly clear that she and the party were not on the same page.
On the website for her firm Your Property Shop former council houses were described as ‘our favourites’ and there were boasts that English investors found them particularly attractive.
This, of course, was the local authority housing stock which was sold to council tenants under the right to buy legislation of Margaret Thatcher – a policy, and a Prime Minister, despised by the SNP.
Yet Mrs Thomson’s website celebrated the money-making opportunity the policy brought, declaring: ‘With the advent of right to buy during the Thatcher era, many Scots took advantage of the policy and bought their council home for a knock-down price.
‘Many of these same homeowners find themselves now with huge equity in their homes and are able to sell at hugely discounted rates and still pocket a handsome profit. So a “win-win” for both the vendor and the investor. Yippee!!’
But then, that decision was made very recently indeed – only a few months, in fact, before s he f ound herself in Westminster.
There she was immediately handed a frontbench brief and was trumpeted hubristically as one of the new breed of serious professionals, rich in hinterland, swelling the modern SNP’s elected ranks.
She j oined Standard Life, working in IT for 14 years before moving to the Royal Bank of Scotland (RBS), just before chief executive Fred Goodwin’s disastrous purchase of the Dutch Bank ABN Amro, which almost sank RBS and was one of the triggers for the financial crisis. She left her role as programme manager there just months before t he bank announced the largest annual loss in UK corporate history.
No matter, for Mrs Thomson now planned to work for herself – reaping the benefits of the very disaster her f ormer employer had helped bring about.
‘ I took advantage of the property dip to build my own portfolio of buy-to-let and holiday rental properties,’ she wrote on one social media profile.
But how was it possible to build such an extensive portfolio so quickly? Where was the money coming from?
The Scottish Solicitor’s Discipline Tribunal which struck off Mrs Thomson’s
lawyer Christopher Hales last year gives an idea how the empire could be built
without substantial capital.
Simply, she found ways to receive loans amounting to 100 per cent, or sometimes more, of the actual sum changing hands for the properties. It involved a lawyer prepared to break the rules and deceive the mortgage lender, which is why Mr Hales is out of a job.
There were two schemes to induce mortgage companies to lend more than they usually would f or t he properties. The first was ‘cashback transactions’ which required the cooperation of the seller.
In the case of a property in High Street, Jedburgh, Mrs Thomson’s solicitor offered the house seller £90,000, with the proviso that £27,000 of this sum was to be repaid to the buyer, Mrs Thomson’s company M&F Property Solutions, after settlement. That made the net purchase price £63,000. But the £67,465 loan from the mortgage
company, Birmingham Midshire, was predicated on the £90,000 figure. She had just bought a house without a deposit.
The second scheme is ‘ back to back transactions’, a manoeuvre requiring two buyers in league with each other and a crooked lawyer. Crucially, the seller’s collusion is not required.
One example was the sale of 10 MacDonald Drive in Stirling. Here Mrs Thomson’s business partner Frank Gilbride made an offer of £64,000 to the house seller Sarah Capper. But on the date of settlement he sold the property on to Mrs Thomson for £95,000.
She had received a mortgage loan of £75,855 based on that £95,000 figure and had transferred the balance to her solicitor. He then paid off the £64,000 owed to Mrs Capper and returned the proceeds to Mrs Thomson. Once again, she had bought a house without investing any capital.
The tribunal findings detail a total of 13 transactions in which Mr Hales duped mortgage lenders. In some cases the vendors, often selling their properties in desperate circumstances, were duped too.
Mrs Capper was reported to have been ‘livid’, saying: ‘My daughterin-law had told me not to accept the offer, but I had to do it. I sold it to get back to England and see my family. I had cancer and I had no one to fall back on. I could have got a lot more money if I’d gone to an estate agent.’
A former tabloid journalist, Mr Gilbride became i ncreasingly involved in the property business after his press agency Newsflash folded. While keeping a foothold in journalism, he teamed up with Mrs Thomson first in M&F Property Solutions and later in Your Property Shop.
It was in 2011, the year before Mrs Thomson became a founder member of the pro-independence group Business for Scotland, that Mr Hales was suspended from his job with Edinburgh law firm Grigor Hales after routine checks by the Law Society.
Even as she took her first tentative steps in public life, the scandal was in the pipeline, the wheels were already in motion.
She became one of the go-to spokesmen for broadcasters seeking business figures in favour of a Yes vote in the referendum – although it was never clear just how substantial a roster of big businesses was on board.
An investigation by economics blogger Kevin Hague found very few of the figures i nvolved in Business for Scotland were major company directors. Most ran tiny firms and some did not appear to be in business at all.
According to Mrs Thomson, it was only at the tail- end of 2014, and in the light of the No vote, that she decided to run for Westminster, and only in January that she was selected. With almost indecent haste a career in politics was born and, on the tidal wave of support which won the Nationalists all but three of the 59 Scottish seats, she was elected to Westminster.
Perhaps, back in January, neither she nor her party had believed she had any reasonable chance of taking Edinburgh West from the Lib Dems. But as the May election day drew closer, both must have realised she stood an excellent chance of becoming an MP. And she, surely, must have known of the storm blowing steadily in her direction.
The revelation weeks ago that her email address had been published along with millions of customers of the adultery website Ashley Madison was merely the first rumble. That, she could claim quite believably, was part of a smear campaign. But the revelations of the deceptions used by her lawyer to build her property empire by preying on vulnerable homeowners – described in his disciplinary tribunal as ‘distressed sellers – could not be dismissed so lightly.
They shine a devastatingly harsh light on the business methods of the Nationalist MP who was chosen to hold the business brief.
Simply, she found ways to receive loans amounting to 100 per cent, or sometimes more, of the actual sum changing hands for the properties. It involved a lawyer prepared to break the rules and deceive the mortgage lender, which is why Mr Hales is out of a job.
There were two schemes to induce mortgage companies to lend more than they usually would f or t he properties. The first was ‘cashback transactions’ which required the cooperation of the seller.
In the case of a property in High Street, Jedburgh, Mrs Thomson’s solicitor offered the house seller £90,000, with the proviso that £27,000 of this sum was to be repaid to the buyer, Mrs Thomson’s company M&F Property Solutions, after settlement. That made the net purchase price £63,000. But the £67,465 loan from the mortgage
company, Birmingham Midshire, was predicated on the £90,000 figure. She had just bought a house without a deposit.
The second scheme is ‘ back to back transactions’, a manoeuvre requiring two buyers in league with each other and a crooked lawyer. Crucially, the seller’s collusion is not required.
One example was the sale of 10 MacDonald Drive in Stirling. Here Mrs Thomson’s business partner Frank Gilbride made an offer of £64,000 to the house seller Sarah Capper. But on the date of settlement he sold the property on to Mrs Thomson for £95,000.
She had received a mortgage loan of £75,855 based on that £95,000 figure and had transferred the balance to her solicitor. He then paid off the £64,000 owed to Mrs Capper and returned the proceeds to Mrs Thomson. Once again, she had bought a house without investing any capital.
The tribunal findings detail a total of 13 transactions in which Mr Hales duped mortgage lenders. In some cases the vendors, often selling their properties in desperate circumstances, were duped too.
Mrs Capper was reported to have been ‘livid’, saying: ‘My daughterin-law had told me not to accept the offer, but I had to do it. I sold it to get back to England and see my family. I had cancer and I had no one to fall back on. I could have got a lot more money if I’d gone to an estate agent.’
A former tabloid journalist, Mr Gilbride became i ncreasingly involved in the property business after his press agency Newsflash folded. While keeping a foothold in journalism, he teamed up with Mrs Thomson first in M&F Property Solutions and later in Your Property Shop.
It was in 2011, the year before Mrs Thomson became a founder member of the pro-independence group Business for Scotland, that Mr Hales was suspended from his job with Edinburgh law firm Grigor Hales after routine checks by the Law Society.
Even as she took her first tentative steps in public life, the scandal was in the pipeline, the wheels were already in motion.
She became one of the go-to spokesmen for broadcasters seeking business figures in favour of a Yes vote in the referendum – although it was never clear just how substantial a roster of big businesses was on board.
An investigation by economics blogger Kevin Hague found very few of the figures i nvolved in Business for Scotland were major company directors. Most ran tiny firms and some did not appear to be in business at all.
According to Mrs Thomson, it was only at the tail- end of 2014, and in the light of the No vote, that she decided to run for Westminster, and only in January that she was selected. With almost indecent haste a career in politics was born and, on the tidal wave of support which won the Nationalists all but three of the 59 Scottish seats, she was elected to Westminster.
Perhaps, back in January, neither she nor her party had believed she had any reasonable chance of taking Edinburgh West from the Lib Dems. But as the May election day drew closer, both must have realised she stood an excellent chance of becoming an MP. And she, surely, must have known of the storm blowing steadily in her direction.
The revelation weeks ago that her email address had been published along with millions of customers of the adultery website Ashley Madison was merely the first rumble. That, she could claim quite believably, was part of a smear campaign. But the revelations of the deceptions used by her lawyer to build her property empire by preying on vulnerable homeowners – described in his disciplinary tribunal as ‘distressed sellers – could not be dismissed so lightly.
They shine a devastatingly harsh light on the business methods of the Nationalist MP who was chosen to hold the business brief.
=======================================================================
The investigation mentioned in the text done by "economics blogger Kevin Hague " can be found on his own Blog here :-
and also his scrutiny of a video "Scotland for Business" made for the Indy Referendum here :-
Kevin also produced a presentation on the Indy "White paper" and the data they used here :-
http://chokkablog.blogspot.co.uk/2015/07/chokkablog-videos.html
He can also be followed on Twitter .... see his blog.
=========================================================================
This story might well yet escalate quickly as the Police enquiry deepens :-
"The Law Society of Scotland is facing intense pressure over a year-long delay in alerting prosecutors to a case of suspected mortgage fraud linked to Scottish National party MP Michelle Thomson."
"As further questions emerged about the role of another Law Society official who knew Thomson and was also a nationalist campaigner, SNP leader Nicola Sturgeon made clear that the MP faced
being drummed out of the party over the affair as she faced a barrage of questions at Holyrood."
See more on this link http://www.theguardian.com/uk-news/2015/oct/01/law-society-of-scotland-under-pressure-over-mps-suspected-mortgage?CMP=share_btn_tw
=========================================================================
Sunday 4th October 2015 The Sunday Herald reveals infighting within multiple members of Business for Scotland that led to Michelle Thomson no longer being paid for "consultancy services " but yet let her continue to be called the "Managing Director" for months till the Indy referendum to help avoid further problems and bad press for Business for Scotland itself.
Read the whole article by CLICKING HERE
Sunday 4th October 2015 The vetting process that has come under scrutiny in the Michelle Thomson situation has now also raised questions about the suitablity of Paul Monaghan too for selection as SNP Candidate too. There are details of serious issues at his fathers previous Nursing home and also of when he worked at the Northern Constabulary.
Read the whole article by CLICKING HERE
To end this Blog and have a few seconds to think about the SNP's troubles CLICK ON HERE
He can also be followed on Twitter .... see his blog.
=========================================================================
This story might well yet escalate quickly as the Police enquiry deepens :-
"The Law Society of Scotland is facing intense pressure over a year-long delay in alerting prosecutors to a case of suspected mortgage fraud linked to Scottish National party MP Michelle Thomson."
"As further questions emerged about the role of another Law Society official who knew Thomson and was also a nationalist campaigner, SNP leader Nicola Sturgeon made clear that the MP faced
being drummed out of the party over the affair as she faced a barrage of questions at Holyrood."
See more on this link http://www.theguardian.com/uk-news/2015/oct/01/law-society-of-scotland-under-pressure-over-mps-suspected-mortgage?CMP=share_btn_tw
=========================================================================
Sunday 4th October 2015 The Sunday Herald reveals infighting within multiple members of Business for Scotland that led to Michelle Thomson no longer being paid for "consultancy services " but yet let her continue to be called the "Managing Director" for months till the Indy referendum to help avoid further problems and bad press for Business for Scotland itself.
Read the whole article by CLICKING HERE
Sunday 4th October 2015 The vetting process that has come under scrutiny in the Michelle Thomson situation has now also raised questions about the suitablity of Paul Monaghan too for selection as SNP Candidate too. There are details of serious issues at his fathers previous Nursing home and also of when he worked at the Northern Constabulary.
Read the whole article by CLICKING HERE
To end this Blog and have a few seconds to think about the SNP's troubles CLICK ON HERE
Wednesday, 2 September 2015
The SNP's major Power Fail ... its NOT Westminsters fault..
Please all ask your SNP voting friends and aquaintances how on earth an SNP energy policy that will require's our Electricity supply needs to be imported from England is acceptable ? The SNP have sold Scotlands Power Stations and Scottish Power workers down the river and I hope people in those Working communities wake up and hold them responsible for it. This is not Westminsters fault at all , the blame firmly and steadfastly lies with the SNP's failure to have provided a realist Electricity supply policy.
Consider the scenario. A multinational company which bought into a great Scottish industry has betrayed its promises, is about to prematurely close one plant with the loss of 270 quality jobs and renege on construction of another, thereby turning Scotland into a large-scale importer of a commodity of which it has long been a substantial exporter.
I can think of no previous occasion on which, in such circumstances, a Scottish minister of any political colour would not be fighting to reverse these decisions; using the levers of government to achieve that outcome; and would be taking to the airwaves only in order to challenge the morality and legitimacy of what was being done......... "
" A large part of Iberdrola’s UK customer base is in the north-west of England and north Wales, as a result of Scottish Power having bought Manweb in 1995. They also have extensive generation interests in these areas – and therein lies another aspect of this sorry tale. Iberdrola are investing in the Western Link sub-sea cable between Hunterston and Holyhead. For Scottish consumption, this was presented as a means of exporting Scottish renewables.
For other audiences, the story is reversed. The Western Link will be capable of importing 3.9 gigawatts of power into Scotland, equating to 70 per cent of maximum winter demand. With Longannet and Cockenzie closed, not to mention Hunterston and Torness thereafter, Scotland will become massively dependent on electricity produced in England from coal, gas and nuclear power. What a triumph for Scottish Nationalism.
Read the full article here
http://www.scotsman.com/news/brian-wilson-energy-switch-shames-scotland-1-3865703
Worst of all is the ridiculous situation where this failure actually means that Scotland in the future will actually be reliant on importing Electricity from England at the same time as the SNP continues to try engineer its own maniputive clandestine escape from what it likes to call the "emperial powers" that it will actually have to rely on for its own energy supplies due to its own incompetant failures in Government ....don't Nationalist voters have anything so say on that or does the SNP Cults following now merely bow and acquiesce to their SNP false idols ?
Perhaps the Proclaimers need to re-write the words " Longannet No More, Cockenzie No more" into the lyrics of "Letter from America " before SNP voters start to wake up to how the SNP are directly to blame for killing off once proud Scottish Industrial Infrastructure through its acquiescence to "Big Business" ?
SEE this LINK for the SNP statement on how it wanted the UK government to adopt the SNP's even more stringent Powers Station destroying Carbon targets.
http://www.businessgreen.com/bg/news/2404798/snp-would-press-uk-to-adopt-scotlands-carbon-targets
The UK could adopt a new set of climate targets in line with Scotland's current emissions and clean energy goals targets, if the SNP holds the balance of power during the next parliament.
The nationalist party today published its manifesto, which promises to use its influence on a future UK government to ensure the rest of the country matches and supports Scotland's goal of cutting CO2 emissions 42 per cent on 1990 levels by the end of the decade, en route to an 80 per cent reduction by 2050.
====================================================================
How the SNP's Green Policies Sealed Longannets fate : In a brazen-necked performance in the Scottish Parliament, SNP Energy Minister Fergus Ewing (pictured) told us that the closure was principally due to National Grid’s transmission charging regime, which penalised Scottish producers.... See.... http://www.thinkscotland.org/thinkpolitics/articles.html?read_full=12796&article=www.thinkscotland.org
========================================================================
SNP’s hypocrisy on Longannet closure ‘shameless’. "Scotland’s energy minister has been criticised for his “hypocrisy” over why the Longannet power station in Fife is set to close.
“It was utterly predictable that the SNP would rush to blame Westminster for the closure of a Scottish power station.
“But the fact is the high transmission costs the Scottish Government are citing are partly driven by its own obsession for expensive and unreliable wind energy. See.....
http://www.scottishconservatives.com/2015/08/snps-hypocrisy-on-longannet-closure-shameless/
=========================================================================
The SNP of course also campaigned as being "Anti-Fracking" in the Independence Referendum whilst at the very same time behind the Scottish Nations backs was telling the Big companies involved it wasn't actually against Fracking at all.
"The Scottish Government has given assurances that it is "not against fracking", according to the boss of a firm which runs Scotland's largest petrochemical plant."
See the full story here :
http://news.stv.tv/stirling-central/1324755-ineos-chief-scottish-government-is-not-against-fracking/
The SNP were also negiotiating behind the Nations backs with the Company (Cluff Resources) behind another potentially dangerous and unproven energy plan ...Coal Bed Gasification which involves setting fire to the underground Coal beds under the River Forth area with unknown and untested consequences . http://www.dailyrecord.co.uk/news/politics/environmentalists-warn-scottish-government-being-6161282
While a "moratorum" has been put in place for Fracking in the meantime due to the Political backlashes and fallout of being seen to have been double dealing by the SNP, a moratorium is only a temporary postphonement NOT a permanent ban in place yet at all.
When are voters going to wake up to the fact the SNP hasn't been honest and upfront with its energy planning by going against obvious widespread Public opinion and having discussions on these projects with "Big Business" behind the Nations backs ?
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#activesnp #BothVotesSNP #sp16 #Holyrood #Indycamp #Indyref2 #SNPout #SNP
#SNPcult #Scotland
# Rangers #Celtic #SNPLies
#Photooftheday #Dundee #Yescity #Glasgow #Dundee #Aurora #Cats #Dogs #Mull #Skye
#Yessnp #Yes #celebsforindy #Tech #SNPcult #Cults #ScottishResistance #DavidIcke
#Hamilton #Larkhall #Stonehouse #Nairn #Culloden #Inverness #Fracking
#BBCScotland #GERS #Gers #Gers
Tuesday, 11 August 2015
The SNP simply doesn't believe in real true democracy but actually believes in minority rule.
I found this article today that holds many quotes that ring true with me about the SNP and what i feel are is its singular simplistic pursuit of political Power for only its own leaders benefit in pursuing a Single Party State (not that uncommon with Natzism too wasn't it ?) while saying it pursues "Pro Business" policies and yet claiming it is a "grassroots" party "led by the people for the people" there are many i think would would consider the two statements there an oxymoron in their own right. Interesting words quoted here though in reference to a book by David Torrance which clearly demonstates the hprocrisy of the SNP where the party's own leaders often state restrictions and vetoes that they want to impose on other organisations ideas that it actually opposes being applied to similar policies of its own...the SNP is duplicious and self-serving yet likes to promote itself (in its own inward looking eyes) as "progressive", it's leaders cannot see their own hyprocrisy in their own observable and widespread behaviour.
"Ms Sturgeon has proposed that Scotland (or Wales or Northern Ireland) should be able to veto a majority vote in an EU referendum. But she applies that only vetoing a vote to leave; she doesn’t want anyone to veto a vote to stay in. Torrance argues against that idea. He claims that’s the same logic as if England, Scotland or Wales should have had a veto over the Scottish vote in the 2014 referendum.
But surely the point is that no part of the whole has the right to overrule the whole. No minority has the right to veto a majority decision. Democrats believe in majority rule; the SNP believes in minority rule. The whole British people have the right to decide the major constitutional questions of national unity and national independence, whether we are to stay united or be divided and whether we are to be in the EU or not.
As a nation we believe that an overall majority of the votes cast across Britain as a whole should decide whether we leave the EU. In March 2015 a survey by a team from Edinburgh University found that people across the UK oppose Sturgeon’s call for multiple vetoes on a British exit from the EU. Clear majorities in England (68 per cent), Northern Ireland (60 per cent), Wales (64 per cent) and Scotland (55 per cent) disagree with the Scottish first minister.
Sturgeon and Salmond have constantly asserted that “Constitutional referendums are once-in-a-generation events.” So SNP policy is that we have no right to have a referendum on the EU. It thinks that the 1975 referendum was too recent to be repeated.
However, Sturgeon and the SNP believe that the 2014 Scottish referendum is not too recent to be repeated as soon as next year. The SNP has not ruled out promising another referendum in its manifesto for the Scottish parliamentary election of May 2016. If the SNP won that election, it could call another referendum before the end of 2016.
A generation is a short time in SNP politics.
Read the full article (from a surprising source) here :
https://www.cpbml.org.uk/news/unsustainable-policies
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Thursday, 30 July 2015
An SNP "Scottish" Currency Lie ? : Hiding the True Facts and Dangers of an Indy "Yes" vote ?
An SNP "Scottish" Currency Lie ? Hiding the real facts and Dangers behind an Indy "Yes" Vote ?
The SNP's insistence on its Indy Manifesto fronted by its head illusionist Alex Salmond that the "Scottish Pound " would be the currency if Scots voted for Independence was merely a "smoke and mirrors "untruthful attempt to instil the idea in Scots voters minds that Voting for Independence would mean that very little would really change apart from not having a Tory Government in Scotland any more and that Scots lives would stay much the same or even improve from what had been beforehand.
The truth is really that it was for one reason only and that was to stop Scots thinking for themselves of what other real unmentioned situations might come to pass and to stop them from even questioning the SNP's manifesto for Independence as being in any way whatsoever "risky" , "reckless" or " unwanted " in their own lives.
Salmond can claim of course he wasn't actually blatantly lying at the time because immediately after the Indy Referendum in the event of a "YES" vote the currency would by default still been the Pound, but thats where the story ends.
With the splitting up of UK assets between two Sovereign nations both parts required 2 basic things :-
1: An individual currency, and 2 : A powerful "national bank of last resort "
The reasons for this are that any government with its own fiscal budget and individual political policies regarding taxation and welfare spending programmes needs to be able to control its own fundraising (ie its own Goverment bonds issued in Financial markets), its own interest rate and the control of the supply of its own currency in circulation.
What you cannot ever have is two completely seperate European Governments of two Independent sovereign nations with different Political viewpoints running two completely different Fiscal spending plans , different Welfare policies and differing Taxation plans with one shared currency that only one country has responsibility for maintaining the stability of . That is only a recipe for disaster beacuse it would allow the other country to hold the other one to ransom or run the other into ruin by introducing poor taxation , spending plans and taking on loans in the money markets that could destroy the value of a currency in the money markets that they themselves have absolutely no responsibility for maintaining, it simply would never work.
Of course Alex Salmond knows this very well too and certainly knows also that two countries CAN share a currency but one would have to hand over sovereignty to the other that actually owns the currency to manage overall Fiscal policy and Currency control and that the actual solution already has a name "Devolution Max" so when the SNP were campaigning for "Independence" was this what the SNP really had in mind throughout the whole process if the Statement to share the pound was really a truthful one ?
More info on this issue here http://www.huffingtonpost.com/david-miles/memo-to-alex-salmond-inde_b_5074697.html
There were another couple of options the SNP could have adopted but of course were not discussed at all with the Nation most probably as one was unworkable and very costly even if physically possible and the other one would have been deeply unpopular with Voters and would no doubt have returned a clear NO vote on Independence.
Other than Devo Max the second option would have been a completely new currency (with its own exchange rate) and while this is a "real" option on the table it really would have been too ridiculous to contemplate, it would have meant Scots having to exchange money while crossing the border going out the country (even to England) and vice versa when anyone came into Scotland. It would be another problem for Tourists coming to the UK having to have carry two different currencies to vist England and Scotland and probably would hit the Tourist industry in both as many Tourists may just find it simpler just to go to Europe instead (visit multiple countries and use one currency only). A new currency would also create more red tape for Industries both in Scotland and all its trading partners and reduce Competitiveness and Profits by increasing costs (due to currency conversion costs). So therefore a complete non-starter and would be quickly ruled out.
The Third and most likely the very real SNP unspoken and unwitten plan if it truly wasn't lying to Voters that it had wanted "Devo Max" rather than true and real Independence can only have been a plan to adopt the Euro as the "new" Scottish currency, the reasons for this is that it would solve two of the SNP's biggest problems at a stroke.
1: It would provide the large established and powerful European Central Bank as the Scottish "Bank of Last Resort".
2: An available and widely used Currency , the European Bank alreadly owns the Euro, an existing currency that already is used widely in Europe, already traded on the World money markets and alreadly accepted all over the World for International Business transactions.
George Soros's view on a Scottish Currency http://www.telegraph.co.uk/news/uknews/scottish-independence/10692558/George-Soros-Scotland-sharing-the-pound-after-independence-is-impossible.html
Another Youtube Video presentation on options for "A Scottish Currency" is here ...while viewing this video its very important to remember clearly what has happened to interest rates in Russia and other countries that have and are dependent on Oil as large parts of their GDP , Government budgets and therefore spending plans for their nations. World Financial commodity shocks can and do cause countries to have long periods of high interest rates to protect their currencies which has been implications for Mortgage holders https://www.youtube.com/watch?v=mBC0mLFz91o
So what "evidence" exists that the real unspoken and unpublished plan that the SNP had for Scotland's New currency all along in fact was the Euro all the time ?
1: Well the SNP has said all along that Rejoining the EU would be a priority for it and all other recent new membership Countries of the EU have had to adopt the Euro as a Currency as well, this is a very unpopular issue with Voters in Poland but they wanted to join the EU and were simply not allowed to join without signing up to adopt the Euro as part of that sign-up. (They have agreed to change to the Euro when some of the debt issues in the EU have been resolved)
see here for more info
https://en.wikipedia.org/wiki/Poland_and_the_euro
2: Is there evidence that the SNP itelf has shown as Policy willingness to adopt the Euro ? Well yes there is , the SNP is very pro-EU and sees further integration with Europe as the future. In a past speech to the European Centre for Policy Studies Alex Salmond speaking as leader of the SNP not only supported Scotland joining the Euro but actually attacked the pound that he tried to say Scotland would keep after an Indy "YES " vote , can this man be trusted at all to ever be telling the truth ? He described the Pound as "''a millstone round Scotland's neck'' and challenged the euro's supporters to launch a more aggressive debate against the new currency's critics.
Salmond then went on to say "''I think that being outside the euro area is already penalising the Scottish economy. In the medium-term, the longer we stay out, the more damage will accumulate. The euro is an example of why Scotland needs membership status so that it can take a decision on entry into the single currency,'' and also said "'Scotland is a trading nation and our main trading partner is the EU. At present, over 60% of our manufactured exports are to the EU and it is to Europe that we must look to secure Scottish prosperity and Scottish jobs,'' he told his audience of European officials and diplomats."
See more here: http://www.heraldscotland.com/news/12207577.Salmond_in_call_to_dump_millstone_of_the_pound/
The Euro has also been highlighted as a Scottish currency at other times too.
"Alex Salmond and his ministers know there are other options, not least because they used to champion one of them.Not so long ago the Scottish National Party was a fan of the European single currency.As recently as 2009, at the SNP's annual conference in Inverness, the party's former treasurer, Ian Blackford, argued that being "tied to sterling" after independence would mean Scotland having to, "pay the price in higher interest rates while being exposed to a currency that has a history of suffering from wild fluctuations".
see more here: http://www.bbc.co.uk/news/uk-scotland-scotland-politics-26168002
So it appears that Alex Salmond was speaking with a forked tongue with the backing of the rest of the SNP while deliberately trying to deceive Voters on what any potential Scottish currency would ultimately be ? The SNP has talked down the Pound in Scotland as a currency openly in Public several times now in the past while it can also be seen that it has often said it sees the benefits of the Euro over the Pound as a currency many times.
So why was then was the SNP so afraid to put it on the Indy manifesto ? Is it simply because it knows the Scottish electorate would quickly reject that policy and return a massive "NO" vote and therefore the SNP set out a deliberate plan of deception to win a YES vote by presenting a a false and untruthful manifesto to the whole nation instead ?
What does that really say about the SNP's trustworthyness and of it's need to exert "control" over the nation by deceit ?
Of course one avenue may have been to use one of the SNP's most favoured tactics, just go ahead and offer a hugely populist but completely unrealistic plan to the electorate to gain political power and then when the "ridiculous proposal" is rejected by the rest of the UK government that your trying to divorce yourself from, you can then produce your "policy of greivance" Joker card ,blame Westminster for not accepting your own wonderfully credible original plan and use "your mandate" you say the Scottish electorate gave you to default the Scottish electorate into the deeply unpopular Euro against the will of a nation. Job done, the SNP and Alex Salmond get what they have openly wanted for years and the UK government gets the blame for it.
We know the SNP would blame the UK Government for this as everything is always the fault of Westminster and not ever the fault of the SNP.
-----------------------------------------------------------------------------------------------------------------------
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Tuesday, 28 July 2015
How and why the rapidly falling Oil Price could have caused Family breaking high Mortgage rates in an Indy Scotland.
Another major issue with falling World Oil prices that hasn't been given much thought in an Independent Scotland and even less talked about by the SNP (understandably) is the effect it may have had on "Scottish Mortgage Rates" and its devasting effect on Scottish Homeowners.
If Scotland had been already an Independent country when this Oil price fall had hit , not only would working families have had to bear the brunt of likely heavy increases in a local Income Tax to make up the shortfall in the Scottish budget, ordinary Scottish Homeowners with Mortgages in the nation may have also had to cope with additional crippling Bank Interest rate rises that the Scottish Government of the day would most likely have had to implement in order to protect against the value of its currency falling due to steeply falling Government Oil Revenues. Protecting the value of a Countries currency is important and essential for creating a stable exchange rate for its Industries that trade with the rest of the World. To give some idea of just how disastrous this would have been to millions of Scottish families consider how any individual in Scotland would cope with a shock 15-17% Mortgage rate as this was the Bank exchange rate Russia too had to implement to protect the value of its own currency due to its own shortfall in its own finances because of the falling Oil price last year. Russia's interest rate is still currently 12% more than six months later. Other Oil producing countries had to cope with similar problems. The UK overall escaped this because Oil is only 3-5% of UK GDP but would have been around 15-18% of an Independent Scotlands GDP , this is one of the realities and huge risks of being an Independent Scotland having to cope with World commodity shocks..would it really have been worth the risk of tens of thousands of Scots losing their Homes and family lives when they couldn't keep up mortgage payments due to punitive levels of interest rates in an Independent Scotland ? This could have brought hardship and utter misery to a whole nation but the SNP do not want you to consider the consequencies of this scenario in the slightest. There have been many Oil shocks in past fairly recent History and there will be more Oil shocks in the future as surely eggs are eggs and the Scottish Government has no means whatsoever of protecting Homeowners from these if it were Independent whenever they happen, as they are outwith Government control. The only way to try to cope with shocks like these is to stay part of a much wider and broader Industrial economy where individual commodity shocks have an overall smaller effect on the economy and preferably as part of a Country that actually can control its own interest rates , its own stable currency and therefore its own long term financial destiny.
This is a real scenario not a theoretical one but have Scottish Voters really understood the risks or have they merely been blindly misled and ill advised by the SNP for their own agenda. It's not the SNP MP's that could lose the roofs over their heads with £75 salaries and expense accounts but the families of ordinary working Scots. SNP MP's will have nothing to lose in this siuation but ordinary working families have everything to lose. With high interest rates and people rushing to sell to get out of ever rising debts House prices would also likely be hit hard , good for buyers , not good for forced sellers at all.
How would Scots really cope with a substantially higher Mortgage Interest Rate in Scotland than England because this is a very real potential result of breaking away from the UK's larger, more stable economy and broader Industrial base , my guess is that they would be less than happy ? Understatement ? So why aren't Scots taking this whole issue seriously yet ?
Russian Interest rates http://www.global-rates.com/interest-rates/central-banks/central-bank-russia/cbr-interest-rate.aspx
Venezuela Interest rate (also has a large part of its Economy based on Oil )
http://www.tradingeconomics.com/venezuela/interest-rate
Winners and Losers from falling Oil prices
http://www.bbc.co.uk/news/business-29643612
Why do Governments have to control the Interest Rate anyway ? :
Interest rates are one lever used to control the economy. The MPC's remit is to keep inflation near the official target of 2%. Raising the base rate should bring down inflation by encouraging saving and deterring people from borrowing - thus lowering demand for goods in the shops. Lowering rates should stimulate economic demand and push up prices, as consumers would be left with more disposable income after paying mortgage costs.
This base rate is used to calculate repayments for tracker and variable-rate mortgages. The interest rates paid on savings accounts should also move in line with the base rate, although retail banks are not obliged to pass on changes in full.
Another Youtube Video presentation on options for "A Scottish Currency" is here ...while viewing this video its very important to remember clearly what has happened to interest rates in Russia and other countries that have and are dependent on Oil as large parts of their GDP , Government budgets and therefore spending plans for their nations. World Financial Commodity shocks like for the price of Oil can and do cause countries to have long periods of high interest rates to protect their currencies which has been implictations for Mortgage holders https://www.youtube.com/watch?v=mBC0mLFz91o
While younger Homeowners probably only remember lower levels of interests rates in recent times, they have been as high as 14% in the 1990's after ERM exit and over 12% in the 1970's, these were periods when many people struggled to keep up morgage payments and many of course evntually often lost their Homes. Small countries generally have unstable and unpredictable economies, larger ones with a broader selection and number of Industries generally always fare better than smaller ones when economic winds blow hard.
Full Historic Interest Data here http://www.theguardian.com/news/datablog/2011/jan/13/interest-rates-uk-since-1694
--------------------------------------------------------------------------------------------------------------------------
What happened in Russia could easily have happened in an Independent Scotland too because in Scotland "Oil is not just a bonus" no matter what the SNP say.
"On Russia’s “Black Tuesday” this week (16 December 2014), the Central Bank tried to stop the rouble’s value falling by hiking interest rates to 17%. It didn’t work. The bankers and corporations panicked; the rouble kept falling. It has now lost half its value in six months. The main cause is the falling price of oil, on which the Russian economy is heavily dependent.
Now Russian people are likely to pay the price, with inflation, unemployment and falling living standards. More than at any time since president Vladimir Putin became the Moscow elite’s dominant figure 15 years ago, he is likely to face a population troubled by serious economic hardship.Q. So what were the triggers for this week’s collapse of the rouble?
A. Low oil prices, which always threatened to undermine the Putin set-up, have arrived.
See more here http://rs21.org.uk/2014/12/18/the-spectre-of-social-unrest-is-haunting-putins-russia/
-------------------------------------------------------------------------------------------------------------------------
Irina Fedulova and her husband have repaid more than one-third of their $150,000 housing loan, but they owe more than when they started, thanks to the collapse of the Russian ruble.
The loan was in dollars but “our salaries are in rubles, and we realize we can't pay it the way things are,” the 42-year-old chemist said by phone from Nizhny Novgorod. “We are so desperate we might have to sell our three-room apartment and move into a smaller one, if we can afford it now.”
Millions of middle-class Russians are facing unexpected hardship this winter amid a 40% decline in global oil prices http://touch.latimes.com/#section/-1/article/p2p-82305345/
-------------------------------------------------------------------------------------------------------------------------
Russian energy executives expect that the current slump will correct itself by mid-2015, as demand picks up and the existing glut of supplies disappears. Yet, what happens if these expectations do not come to pass? If significantly lower global energy prices represent a “new normal” that is likely to persist for years to come, however, what then?
See more http://nationalinterest.org/feature/russias-double-trouble-dilemma-crashing-oil-prices-tough-11939
( Editor: It's now September 2014 and Interest rates in Russia ie Morgages are still at 12% having been at 17% and 15% in the last year since the Oil price fall...how would you lives in Scotland be affected by similar Interest rates induced by a Currency Crisis caused by the same Oil price drop affecting Scotland ? This is one of the Dangers of ever being a small country with a large part of its national spending budget depending on the Oil price, despite what the SNP say "Oil is NOT just a bonus" to the Scottish budget, its essential to its financial stability as long as Scotland carries the £9 billion "onshore" budget deficit shortfall, a shortfall that could take anywhere from 50-100 years to attempt to rectify with no guaranteee of success )
-------------------------------------------------------------------------------------------------------------------------
Whats a currency crisis ? https://en.wikipedia.org/wiki/Currency_crisis
Update 17 Jan 2016 How a small Oil rich country is not coping with the fall in the Oil price and how its facing disastrous economic issues http://www.bbc.co.uk/news/world-latin-america-35329617
#activesnp #BothVotesSNP #sp16 #Holyrood #Indycamp #Indyref2 #SNPout #SNP
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#Yessnp #Yes #celebsforindy #Tech #SNPcult #Cults #ScottishResistance #DavidIcke
#Hamilton #Larkhall #Stonehouse #Nairn #Culloden #Inverness #Fracking
#BBCScotland
If Scotland had been already an Independent country when this Oil price fall had hit , not only would working families have had to bear the brunt of likely heavy increases in a local Income Tax to make up the shortfall in the Scottish budget, ordinary Scottish Homeowners with Mortgages in the nation may have also had to cope with additional crippling Bank Interest rate rises that the Scottish Government of the day would most likely have had to implement in order to protect against the value of its currency falling due to steeply falling Government Oil Revenues. Protecting the value of a Countries currency is important and essential for creating a stable exchange rate for its Industries that trade with the rest of the World. To give some idea of just how disastrous this would have been to millions of Scottish families consider how any individual in Scotland would cope with a shock 15-17% Mortgage rate as this was the Bank exchange rate Russia too had to implement to protect the value of its own currency due to its own shortfall in its own finances because of the falling Oil price last year. Russia's interest rate is still currently 12% more than six months later. Other Oil producing countries had to cope with similar problems. The UK overall escaped this because Oil is only 3-5% of UK GDP but would have been around 15-18% of an Independent Scotlands GDP , this is one of the realities and huge risks of being an Independent Scotland having to cope with World commodity shocks..would it really have been worth the risk of tens of thousands of Scots losing their Homes and family lives when they couldn't keep up mortgage payments due to punitive levels of interest rates in an Independent Scotland ? This could have brought hardship and utter misery to a whole nation but the SNP do not want you to consider the consequencies of this scenario in the slightest. There have been many Oil shocks in past fairly recent History and there will be more Oil shocks in the future as surely eggs are eggs and the Scottish Government has no means whatsoever of protecting Homeowners from these if it were Independent whenever they happen, as they are outwith Government control. The only way to try to cope with shocks like these is to stay part of a much wider and broader Industrial economy where individual commodity shocks have an overall smaller effect on the economy and preferably as part of a Country that actually can control its own interest rates , its own stable currency and therefore its own long term financial destiny.
This is a real scenario not a theoretical one but have Scottish Voters really understood the risks or have they merely been blindly misled and ill advised by the SNP for their own agenda. It's not the SNP MP's that could lose the roofs over their heads with £75 salaries and expense accounts but the families of ordinary working Scots. SNP MP's will have nothing to lose in this siuation but ordinary working families have everything to lose. With high interest rates and people rushing to sell to get out of ever rising debts House prices would also likely be hit hard , good for buyers , not good for forced sellers at all.
How would Scots really cope with a substantially higher Mortgage Interest Rate in Scotland than England because this is a very real potential result of breaking away from the UK's larger, more stable economy and broader Industrial base , my guess is that they would be less than happy ? Understatement ? So why aren't Scots taking this whole issue seriously yet ?
Russian Interest rates http://www.global-rates.com/interest-rates/central-banks/central-bank-russia/cbr-interest-rate.aspx
Venezuela Interest rate (also has a large part of its Economy based on Oil )
http://www.tradingeconomics.com/venezuela/interest-rate
Winners and Losers from falling Oil prices
http://www.bbc.co.uk/news/business-29643612
Why do Governments have to control the Interest Rate anyway ? :
Interest rates are one lever used to control the economy. The MPC's remit is to keep inflation near the official target of 2%. Raising the base rate should bring down inflation by encouraging saving and deterring people from borrowing - thus lowering demand for goods in the shops. Lowering rates should stimulate economic demand and push up prices, as consumers would be left with more disposable income after paying mortgage costs.
This base rate is used to calculate repayments for tracker and variable-rate mortgages. The interest rates paid on savings accounts should also move in line with the base rate, although retail banks are not obliged to pass on changes in full.
Another Youtube Video presentation on options for "A Scottish Currency" is here ...while viewing this video its very important to remember clearly what has happened to interest rates in Russia and other countries that have and are dependent on Oil as large parts of their GDP , Government budgets and therefore spending plans for their nations. World Financial Commodity shocks like for the price of Oil can and do cause countries to have long periods of high interest rates to protect their currencies which has been implictations for Mortgage holders https://www.youtube.com/watch?v=mBC0mLFz91o
While younger Homeowners probably only remember lower levels of interests rates in recent times, they have been as high as 14% in the 1990's after ERM exit and over 12% in the 1970's, these were periods when many people struggled to keep up morgage payments and many of course evntually often lost their Homes. Small countries generally have unstable and unpredictable economies, larger ones with a broader selection and number of Industries generally always fare better than smaller ones when economic winds blow hard.
Full Historic Interest Data here http://www.theguardian.com/news/datablog/2011/jan/13/interest-rates-uk-since-1694
--------------------------------------------------------------------------------------------------------------------------
What happened in Russia could easily have happened in an Independent Scotland too because in Scotland "Oil is not just a bonus" no matter what the SNP say.
"On Russia’s “Black Tuesday” this week (16 December 2014), the Central Bank tried to stop the rouble’s value falling by hiking interest rates to 17%. It didn’t work. The bankers and corporations panicked; the rouble kept falling. It has now lost half its value in six months. The main cause is the falling price of oil, on which the Russian economy is heavily dependent.
Now Russian people are likely to pay the price, with inflation, unemployment and falling living standards. More than at any time since president Vladimir Putin became the Moscow elite’s dominant figure 15 years ago, he is likely to face a population troubled by serious economic hardship.Q. So what were the triggers for this week’s collapse of the rouble?
A. Low oil prices, which always threatened to undermine the Putin set-up, have arrived.
See more here http://rs21.org.uk/2014/12/18/the-spectre-of-social-unrest-is-haunting-putins-russia/
-------------------------------------------------------------------------------------------------------------------------
Irina Fedulova and her husband have repaid more than one-third of their $150,000 housing loan, but they owe more than when they started, thanks to the collapse of the Russian ruble.
The loan was in dollars but “our salaries are in rubles, and we realize we can't pay it the way things are,” the 42-year-old chemist said by phone from Nizhny Novgorod. “We are so desperate we might have to sell our three-room apartment and move into a smaller one, if we can afford it now.”
Millions of middle-class Russians are facing unexpected hardship this winter amid a 40% decline in global oil prices http://touch.latimes.com/#section/-1/article/p2p-82305345/
-------------------------------------------------------------------------------------------------------------------------
Russian energy executives expect that the current slump will correct itself by mid-2015, as demand picks up and the existing glut of supplies disappears. Yet, what happens if these expectations do not come to pass? If significantly lower global energy prices represent a “new normal” that is likely to persist for years to come, however, what then?
See more http://nationalinterest.org/feature/russias-double-trouble-dilemma-crashing-oil-prices-tough-11939
( Editor: It's now September 2014 and Interest rates in Russia ie Morgages are still at 12% having been at 17% and 15% in the last year since the Oil price fall...how would you lives in Scotland be affected by similar Interest rates induced by a Currency Crisis caused by the same Oil price drop affecting Scotland ? This is one of the Dangers of ever being a small country with a large part of its national spending budget depending on the Oil price, despite what the SNP say "Oil is NOT just a bonus" to the Scottish budget, its essential to its financial stability as long as Scotland carries the £9 billion "onshore" budget deficit shortfall, a shortfall that could take anywhere from 50-100 years to attempt to rectify with no guaranteee of success )
-------------------------------------------------------------------------------------------------------------------------
Whats a currency crisis ? https://en.wikipedia.org/wiki/Currency_crisis
Update 17 Jan 2016 How a small Oil rich country is not coping with the fall in the Oil price and how its facing disastrous economic issues http://www.bbc.co.uk/news/world-latin-america-35329617
#activesnp #BothVotesSNP #sp16 #Holyrood #Indycamp #Indyref2 #SNPout #SNP
#SNPcult #Scotland
# Rangers #Celtic #SNPLies
#Photooftheday #Dundee #Yescity #Glasgow #Dundee #Aurora #Cats #Dogs #Mull #Skye
#Yessnp #Yes #celebsforindy #Tech #SNPcult #Cults #ScottishResistance #DavidIcke
#Hamilton #Larkhall #Stonehouse #Nairn #Culloden #Inverness #Fracking
#BBCScotland
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