Scottish Referendum: You Don't Realize How Big a Deal It Is

[mmhmm]

Sept 16, 2014 20:34:54 GMT -5 Opti said:

Sept 16, 2014 19:58:58 GMT -5 djAdvocate said:

everybody knows why this is happening, right?  Scotland is very liberal, and they are tired of having their social services slowly taken away by their neoconservative government.  Paul's analogy of CA leaving the US was not half bad.

oOOOH.

Another reason I liked Scotland I guess.

Lutherans mostly come from German roots.

I think Presbytarians are from Scotland.

Anyone know if that is correct/generally true?

Yes, it is. Started, I believe, by a Scot named Knox.

[Deleted]

I know it's picky of me... but... if the "Royal Bank of Scotland" leaves Scotland... would it still BE the "Royal Bank of Scotland"?

[Tennesseer]

Sept 16, 2014 20:44:11 GMT -5 Value Buy said:

Sept 16, 2014 19:31:01 GMT -5 Tennesseer said:

What two banks would that be and where are their headquarters now?

Tenn, I am not sure, will have have to research it. It was discussed on CNBC

Will try to find it for you.

VB-mmhmm provided the names of the two banks: The Bank of Scotland and Lloyds Banking Group. I checked and they both have headquarters in Scotland. I thought the two banks were based in the U.S. based upon your quip about Obama.

But of course Obama has no say what busineses move from Scotland to England, does he.

[jkapp]

I think I read that the royal bank of scotland is not technically a scottish bank...that's why they will have to move.

Personally, I think since the two country's politics are so disimilar, and that Scotland has always been a strong independent people, the change may not be bad (in the long run - in the short term it would be a mess, I'm sure). What we see hear, if they vote "yes" could be a foresight into what might happen in this country at some point?  It will be interesting to watch it all unfold...

[Opti]

Sept 16, 2014 20:51:25 GMT -5 Tennesseer said:

Sept 16, 2014 20:44:11 GMT -5 Value Buy said:

Tenn, I am not sure, will have have to research it. It was discussed on CNBC

Will try to find it for you.

VB-mmhmm provided the names of the two banks: The Bank of Scotland and Lloyds Banking Group. I checked and they both have headquarters in Scotland. I thought the two banks were based in the U.S. based upon your quip about Obama.

But of course Obama has no say what busineses move from Scotland to England, does he.

The Bank of Scotland may have been sold to a non-Scottish owner.

Remember, Bank of America, is independently owned and operated!

[Value Buy]

Sept 16, 2014 20:51:25 GMT -5 Tennesseer said:

Sept 16, 2014 20:44:11 GMT -5 Value Buy said:

Tenn, I am not sure, will have have to research it. It was discussed on CNBC

Will try to find it for you.

VB-mmhmm provided the names of the two banks: The Bank of Scotland and Lloyds Banking Group. I checked and they both have headquarters in Scotland. I thought the two banks were based in the U.S. based upon your quip about Obama.

But of course Obama has no say what busineses move from Scotland to England, does he.

Sorry, Tenn, I forgot this is current events, the new location of P&M board where we do not discuss politics. I just took a que from dj about it is always Obama, but had the wrong board

I think the banks based their moving more on their work is based more on the British pound, and would have problems if Scotland accepted a different currency for the country, plus some tax advantages, which brings us back to DC politics and businesses moving overseas for tax purposes, so the President just might want to chime in.

[Value Buy]

Sept 16, 2014 21:19:38 GMT -5 Opti said:

Sept 16, 2014 20:51:25 GMT -5 Tennesseer said:

VB-mmhmm provided the names of the two banks: The Bank of Scotland and Lloyds Banking Group. I checked and they both have headquarters in Scotland. I thought the two banks were based in the U.S. based upon your quip about Obama.

But of course Obama has no say what busineses move from Scotland to England, does he.

The Bank of Scotland may have been sold to a non-Scottish owner.

Remember, Bank of America, is independently owned and operated!

Both banks are headquartered in Scotland, therefore, Scottish corporations regardless of who owns them

[Tennesseer]

Sept 16, 2014 21:29:28 GMT -5 Value Buy said:

Sept 16, 2014 20:51:25 GMT -5 Tennesseer said:

VB-mmhmm provided the names of the two banks: The Bank of Scotland and Lloyds Banking Group. I checked and they both have headquarters in Scotland. I thought the two banks were based in the U.S. based upon your quip about Obama.

But of course Obama has no say what busineses move from Scotland to England, does he.

Sorry, Tenn, I forgot this is current events, the new location of P&M board where we do not discuss politics. I just took a que from dj about it is always Obama, but had the wrong board

I think the banks based their moving more on their work is based more on the British pound, and would have problems if Scotland accepted a different currency for the country, plus some tax advantages, which brings us back to DC politics and businesses moving overseas for tax purposes, so the President just might want to chime in.

When Obama is named Prime Minister of the United Kingdom he can chime in. Until then he has no ssy what takes place in another country.

[Deleted]

I (and many others probably) would appreciate Obama kept out of this, since Obama has nothing to do with British politics.


Richard
Current Events Moderator

[OldCoyote]

The bank of Scotland has already said it would move to London if the two separate.

This will affect all of the world money markets.

[billisonboard]

It would be interesting to have this same conversation re: the wisdom of the British colonies in America "voting" to break away in 1776.

[djAdvocate]

they can change it to the Bank of Rutland, and use old Monty Python stuff for their ads.

[Value Buy]

Sept 16, 2014 22:41:38 GMT -5 billisonboard said:

It would be interesting to have this same conversation re: the wisdom of the British colonies in America "voting" to break away in 1776.

The Queen expressed the hope Scotish citizens would give great thought to what they want before they vote.

[deziloooooo]

I found the following article regarding the up coming vote and it gives five reasons Scots are considering the split..I was unaware of some of them..actually when it comes to the strickly political,  not knowing before  how the Scots feel politically vs the rest of Britain it makes a bit of sense for possible wanting the split..Anyway some of you might be interested too as you may be like me not really knowing all the ins and outs on this topic..

www.huffingtonpost.com/2014/09/16/scots-vote-independence_n_5828886.html?cps=gravity

[djAdvocate]

without reading it, it is basically because the scots are a political minority, right?  they want stuff, and it never happens.  is that the basic gist?

[djAdvocate]

14% were undecided a few days ago.  my experience with undecided voters is this:

they tend to choose the devil they know over the devil they don't.

i think this thing will go down.

[Spellbound454]

Part of me would want them to go. We don't get that much tax revenue from North Sea Oil.....only 7bn
They get far more than that from the UK government and because they have so many older and unemployed people
we are subsidise them to the tune of 9bn over what we get in.

They want a socialist government... but I'm not sure who they think would want to stay there and pay for it in the long term.

This is where Hollande went wrong.


Still very sad to break up the union......but if they are doing it because they think they will be wealthier....the figures don't look good.



They want Nationalism over prudence....and that can't be a good thing.
Especially as they are going to have to bring in immigrants from all over the place so that someone works to support the aging population.

[djAdvocate]

i think that independence would be a victory for liberalism.  however, i think that it makes federal unions worldwide a LOT less stable if something like this happens.  i don't have anything good to say about federalism, generally speaking, but the instability of "maybe" is not good for the global economy.

[deziloooooo]

Sept 17, 2014 13:06:18 GMT -5 djAdvocate said:

i think that independence would be a victory for liberalism.  however, i think that it makes federal unions worldwide a LOT less stable if something like this happens.  i don't have anything good to say about federalism, generally speaking, but the instability of "maybe" is not good for the global economy.

The article I posted and you should give it a gander..it's not that long..only five points of interest as stated..biggest one I get from it is political..Scots lean left , more liberal..Main land..Brits...tend to be conservative over the years ...lean right and Scots are tired of being a liberal outpost yet constantly governed by conservatives..occasionally it is some what acceptable but as it has been for ages ..almost full time , its a bit much...

That I can understand ...whether enough to want such a drastic change i am not sure but then again....

[Spellbound454]

Well, we haven't got an exit poll........So won't really know what has happened until tomorrow.

[djAdvocate]

Sept 18, 2014 17:20:16 GMT -5 Sum Dum Gai said:

Results in yet or what?

exit polls show this thing going down by nearly 10%

[mmhmm]

I read we should know the results by breakfast-time tomorrow (that would be their time, so I'm guessing around 2 or 3 am EDT). Knowing me, I'll be up and looking for it. I'm anxious to know what the decision is.

[Deleted]

Sept 18, 2014 17:27:25 GMT -5 djAdvocate said:

Sept 18, 2014 17:20:16 GMT -5 Sum Dum Gai said:

Results in yet or what?

exit polls show this thing going down by nearly 10%

Ummm... "going down" as in "It's going down tonight!" (IE: happening)

or... "going down" as in "It's going down in flames" (IE: failing)

[djAdvocate]

Sept 18, 2014 17:33:11 GMT -5 @richardintn said:

Sept 18, 2014 17:27:25 GMT -5 djAdvocate said:

exit polls show this thing going down by nearly 10%

Ummm... "going down" as in "It's going down tonight!" (IE: happening)

or... "going down" as in "It's going down in flames" (IE: failing)

going down to defeat.

exit poll is unofficial.  conducted by YouGov, and in a very unconventional way- but it is all we got for now.
results will come in before us Left Coasters go to bed.....

[djAdvocate]

Sept 18, 2014 17:31:45 GMT -5 mmhmm said:

I read we should know the results by breakfast-time tomorrow (that would be their time, so I'm guessing around 2 or 3 am EDT). Knowing me, I'll be up and looking for it. I'm anxious to know what the decision is.

0:00-2:00AM EST is the estimate

[mmhmm]

Sept 18, 2014 17:36:29 GMT -5 djAdvocate said:

Sept 18, 2014 17:31:45 GMT -5 mmhmm said:

I read we should know the results by breakfast-time tomorrow (that would be their time, so I'm guessing around 2 or 3 am EDT). Knowing me, I'll be up and looking for it. I'm anxious to know what the decision is.

0:00-2:00AM EST is the estimate

Oh, good!  I'll get more sleep than I expected! 

[Spellbound454]

Its midnight here and I've got to go to bed......We are five hours ahead of New York. So you may know something of the regionals before we do.....

[EVT1]

I think it fails- polls sound great and people like to thump their chest but when it comes down to pulling the lever it may not be so easy.

Sort of like if TX had a secession vote- I think a lot of people wouldn't follow through with it no matter what they say in public.

And I base that on absolutely nothing but my opinion.

The good thing is maybe it will work as a shot across the bow and help their cause.

[Virgil Showlion]

FX markets are going to be going nuts tomorrow regardless of the outcome.

[mmhmm]

Sept 18, 2014 18:06:17 GMT -5 Spellbound454 said:

Its midnight here and I've got to go to bed......We are five hours ahead of New York. So you may know something of the regionals before we do.....

I know me well enough to know I won't sleep until I know, so I might as well wait it out.