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overtheedge
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Panic On The Streets Of London ... Can Scotland Ever Be The Same Again? - Mark O'Byrne - gold.ie

Once the banks leave Scotland, they become foreign entities.
How's that working out for the financiers that loaned Argentina money?
It is a lot easier and less of a problem to repudiate a debt to a foreign company than a domestic one.

Then there is BP.
Many a country has nationalized resource assets when a foreign corporate entity gets a bit large in the britches.

Of course this talk by the finance and resource sectors is still just talk.
But they had better remember that debt repudiation is still the wild card Scotland has in their hands.
With what appears to be a socialist direction sought by Scotland, imagine all the mortgage repudiation that would go over big with those heavily in debt for over-priced housing.

Never, ever forget. As long as the band plays, everyone dances. Even if your date is uglier than a mud fence dabbed with tadpoles.
Once you leave Scotland, you are no longer on the inside.
Business tends to favor insiders.

All too easily the political power players forget the concept known as "Consent of the governed".

Commented 3507 days ago

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Beginning of the headline :Panic On The Streets Of London ... Can Scotland Ever Be The Same Again? There is now less than one week of campaigning remaining before the Scottish Independence Referendum, which takes place next Thursday, September 18. The pro-union ‘no’ vote campaign is back in the lead this week after the latest opinion poll from pollsters YouGov put them at 52%, marginally ahead of the pro-independence ‘yes’ campaign. The referendum question being asked is simply “Should Scotland be an independent countr... Read More

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