Salmond "We can take Scotland in two weeks"

[scooterscot]

We did have a say; we elected those who misrepresent us.
I say again, this is not a problem with the Union.

MP's claiming expenses after expense, awarding themselves inflation busting pay rises. I'd say there is a massive problem. It does not serve well all but the few.

[Unix]

And accept the Scotland's share of the debt in the process?

Yep, you can't take assets and not take the debts. If we can't use the pound we aren't responsible for its debt. Do you think in a divorce the wife could claim the house and refuse the husband entry AND also expect them to pay the mortgage?

[Old Greg]

And accept the Scotland's share of the debt in the process?

There is no logical link between the two, because sterling is not an asset but a means of exchange. Scotland could of course make a sophist argument not to accept the debt, but what do you think the credit rating agencies would say? What do you think the EU would say when considering Scottish membership?

[Old Greg]

Yep, you can't take assets and not take the debts. If we can't use the pound we aren't responsible for its debt. Do you think in a divorce the wife could claim the house and refuse the husband entry AND also expect them to pay the mortgage?

Explain why sterling is an asset rather than a means of exchange. Alex Salmond drops pound shared 'asset' claim - Telegraph

The First Minister has said that he would refuse to accept a share of the UK’s national debt in divorce negotiations following a Yes vote unless the Chancellor dropped his opposition to a formal currency union.
He and other SNP ministers have argued that Scotland would not take on its share of the UK’s liabilities unless its resources were also distributed fairly, including the pound.
However, economists have said sterling is not an asset that can be divided between two countries as its value rests on the ability of UK taxpayers to stand behind it. A separate Scotland would no longer pay taxes to the UK Treasury.
Mr Salmond stumbled during a phone-in on BBC Radio Scotland after being pressed by a caller to admit that the pound was not an asset but “a means of exchange”.

The debt is not the debt 'of the pound' (as you suggest), but the debt of the state denominated in pounds. Do you get the difference?

[scooterscot]

Yep, you can't take assets and not take the debts. If we can't use the pound we aren't responsible for its debt. Do you think in a divorce the wife could claim the house and refuse the husband entry AND also expect them to pay the mortgage?

Everyone knows the Mrs always comes better off. Ask Brillo.

[Unix]

There is no logical link between the two, because sterling is not an asset but a means of exchange. Scotland could of course make a sophist argument not to accept the debt, but what do you think the credit rating agencies would say? What do you think the EU would say when considering Scottish membership?

That's new to me, will phone my mortgage company and say this money you lent me is merely a means of exchange stop charging me interest.

[eek]

Yep, you can't take assets and not take the debts. If we can't use the pound we aren't responsible for its debt. Do you think in a divorce the wife could claim the house and refuse the husband entry AND also expect them to pay the mortgage?

How many times do people need to explain it to you.

A currency is not an asset it is a method of exchange..... It is not in Scotland's interest to use the same currency as a different country....

[scooterscot]

T Scotland could of course make a sophist argument not to accept the debt, but what do you think the credit rating agencies would say?

Triple AAA here we come.

n a massive blow to the credibility of the No Campaign’s scaremongering, the credit rating agency Standard & Poor’s released a report yesterday, clearly stating that an independent Scotland would be an investment grade economy.

Independent Scotland could be AAA rated – Standard & Poors : Business for Scotland.

[Old Greg]

That's new to me, will phone my mortgage company and say this money you lent me is merely a means of exchange stop charging me interest.

Sterling is a means of exchange. 10 pounds sterling is money and can represent an asset or a debt.

Do you understand the difference between sterling as a currency and 10 pounds sterling?

[scooterscot]

A currency is not an asset it is a method of exchange..... It is not in Scotland's interest to use the same currency as a different country....

You should tell that to EU countries. Cause for the majority it works rather well.