Best of the Week
Most Popular
1.Bitcoin War Begins – Bitcoin Cash Rises 50% While Bitcoin Drops $1,000 In 24 Hours - Jeff_Berwick
2.Fragile Stock Market Bull in a China Shop -James_Quinn
3.Sheffield Leafy Suburbs Tree Felling's Triggering House Prices CRASH! - Nadeem_Walayat
4.Bank of England Hikes UK Interest Rates 100%, Reversing BREXIT PANIC Cut! - Nadeem_Walayat
5.Government Finances and Gold - Cautionary Tale told in Four Charts - Michael_J_Kosares
6.Gold Stocks Winter Rally - Zeal_LLC
7.The Stock Market- From Here to Infinity? - Plunger
8.Ethereum (ETH/USD) – bullish breakout of large symmetrical triangle looks to be getting closer - MarketsToday
9.Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom - Stewart_Dougherty
10.Finally, The Fall Of The House Of Saud - Jim_Willie_CB
Last 7 days
Stock Market More Correction Ahead? - 19th Nov 17
Universal Credits Christmas Scrooge Nightmare for Weekly Pay Recipients - 18th Nov 17
Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom - 18th Nov 17
Facebook Traders: Tech Giant + Technical Analysis = Thumbs Up - 18th Nov 17
Games Betting System For NCAA Basketball Sports Betting - Know Your Betting Limits - 18th Nov 17
Universal Credit Doomsday for Tax Credits Cash ISA Savers, Here's What to Do - 18th Nov 17
Gold Mining Stocks Fundamentals Q3 2017 - 17th Nov 17
The Social Security Inflation Lag Calendar - Partial Indexing - 17th Nov 17
Mystery of Inflation and Gold - 17th Nov 17
Stock Market Ready To Pull The Rug Out From Under You! - 17th Nov 17
Crude Oil – Gold Link in November 2017 - 17th Nov 17
Play Free Online Games and Save Money Free Virtual Online Games - 17th Nov 17
Stock Market Crash Omens & Predictions: Another Day Another Lie - 16th Nov 17
Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe - 16th Nov 17
Announcing Free Trader's Workshop: Battle-Tested Tools to Boost Your Trading Confidence - 16th Nov 17
Instructions to Stop a Dispossession Home Sale and How to Purchase Astutely at Abandonment Home - 16th Nov 17
Trump’s Asia Tour: From Old Conflicts to New Prospects - 16th Nov 17
Bonds And Stocks Will Crash Together In The Next Crisis (Meanwhile, Bond Yields Are Going Up) - 16th Nov 17
A Generational Reset That Will Redistribute Wealth to the Bottom 60% Is Near - 16th Nov 17
Ethereum (ETH/USD) – bullish breakout of large symmetrical triangle looks to be getting closer - 16th Nov 17
Gold’s Long-term Analogies - 16th Nov 17
Does Stripping Streets of ALL of their Trees Impact House Prices (Sheffield Example)? - 15th Nov 17
The Trump Administration’s IP Battle Against China - 15th Nov 17
5 Ways Bitcoin can Improve its Odds of Becoming the Future of Money - 15th Nov 17
These Headlines Say Gold is Building a Base for Something Big - 15th Nov 17
Protect Your Savings With Gold: ECB Propose End To Deposit Protection - 14th Nov 17
Gold on the Ledge, Trend Forecast - 14th Nov 17
The Unbearable Slowness Of Fourth Turnings - 14th Nov 17
Silver Sign’s Confirmation & More - 14th Nov 17
Could This Be The End for Tesla? - 14th Nov 17
Harry Dent’s Fourth Cycle: More Evidence of Stock Market Downturn - 14th Nov 17
Why Having Good Credit Is Important If You Want to Invest - 14th Nov 17
The Bitcoin Bubble Explained in 4 Charts - 13th Nov 17
How the US Has Secretly Subsidized China to Produce Eco-Unfriendly Solar Panels - 13th Nov 17
The Increasingly Unstable Middle East Must Be On Every Investor’s Radar - 13th Nov 17
Stock Market Critical Supports are Being Challenged - 13th Nov 17
The One Chart All Investors Should See Before 2018 - 13th Nov 17
Short-Term Stock Market Uncertainty Following Recent Rally, Will Stocks Continue Higher? - 13th Nov 17
Is Hillary Just the “Fall Guy” for the Intel Agencies and their Moneybags Bosses? - 12th Nov 17
Stock Market Correction Phase - 12th Nov 17
Finally, The Fall Of The House Of Saud - 12th Nov 17

Market Oracle FREE Newsletter

Traders Workshop

Alex Salmond the King of the North Playing Game of Thrones With Scottish Lives

ElectionOracle / UK Politics Feb 18, 2014 - 03:14 AM GMT

By: Nadeem_Walayat

ElectionOracle

Despite Scotland's independence referendum still over 7 months away, the political temperature is already reaching fever pitch which gives a bitter taste of what lies in store for the people of Britain in the years ahead as whatever the likes of Alex Salmond state concerning this or that demands for assets, currency or territory that soon get rebutted from across the UK.


In a recent article I covered at length the reasoning and consequences of Alex Salmond's (The King of the North's) quest to effectively park a Scottish Trojan Horse outside of the Bank of England on Scottish Independence Day (SNP Independent Scotland Sterling Sharing Trojan Horse to Plunder British Pound ), which South of the Border will be come to be known as the Rape of England day. that for some reason which I can only conclude is being delusional is something that the SNP imagines that an English Parliament divorced of having 50 Scottish MP's to promote the Union would ever consider the likelihood of, that nor the growing pillaging list that an delusional Independent Scotland would seek such as defaulting on approx £115 billion of its share of debt after having enjoyed spending it for decades, or the 10% of the assets of the United Kingdom that an Independant Scotland demands as its share of assets whilst conveniently forgetting that this also translates into 90% share of Scottish assets north of the border which would thus belong to the remainder of the United Kingdom.

So whilst the likes of Alex Salmond says YES we will share of the British Pound and so there is no need for a PLAN B, the United Kingdom in response says NO, it will not work and will never happen.

So whilst the likes of Alex Salmond's deputy, Nicola Sturgeon says we will join the European Union within 18 months after Independence vote, the EU says NO, there will be no fast track membership instead expect the act of union with europe will to take several decades as many countries will be lining up to say NO for fear that it will hasten their own breakup such as France, Belgium, Italy, and Spain... All it takes is 1 country out of 28 member states to say no to keep Scotland out of Europe.

Scotland can become legally independent from the UK and join the European Union by March 2016 – within 18 months of voting for independence – the deputy first minister, Nicola Sturgeon.

It would be difficult, if not impossible, for Scotland to join the European Union - European commission president José Manuel Barroso

The more the likes of Alex Salmond talk the more incoherent their statements become, detached from reality, for in one breath Alex Salmond says on dissolution of the Union Scotland would not be liable for a share of UK debt then on the other hand he says that Scotland because as part of the Union would have automatic rights to be in the EU.

I can only imagine the fantasy land picture he will be painting 7 months from now, populated with myths and superstitions, maybe he will bring forth and drink from the cup of the holy grail from Rosslyn Chapel or perhaps throw in a few CGI generated fire breathing dragons at his televised press conferences which would succeed in throwing up further smoke and mirrors.

The sum of the whole has always been greater than its parts, which is why Great Britain began with the Act of Union in 1707, so to imagine that breaking the whole into two or more parts will benefit any of the fragmented parts of Britain is delusional.

There is a bad smell in the air, the United Kingdom is starting to fray at the edges. A lot of damage will have been done by the time of the Scottish referendum, let alone what looks set to follow should Scotland vote YES and start to rip the Island of Britain apart sending a series of seismic shockwave's to all regions, something that will be looked back on for decades if not centuries as how could they have been so stupid as to let it happen.

The truth is that the peoples of the Island of Britain have gotten complacent during a period of more than 300 years of domestic peace, there is no collective memories of the past conflicts, it's all for the history books and star glossed drama's to watch on the big screen. So it is no wonder that it is beyond the comprehension of most to imagine what would fill the cracks and gaping voids that separation will increasingly bring forth as the nation is literally ripped apart.

Alex Salmond, the King of the North has been busy these past few days in his mission to create fractures between England and Scotland as measured in terms of the demands on the one hand for complete Independence whilst at the same time demanding influence over use of the British British Pound and also seeking shelter from Scottish banks from behind the coat tales of the Bank of England for Scottish politicians secret fears in the wake of the financial crisis is that it's multi-headed monster, the Scottish Banks will do what they periodically tend to do which is to steal the wealth of nations and enslave its peoples for this we only need look at the economic blood bath that continues to play out across the Channel in a dozen or of Euro-zone nations, which seek closer union as a means of protection and not as the King of the North's plan of wanting to rip a relatively small Island in two!

The King of the North in blind pursuit of absolute power over the people of Scotland looks set to have already set in motion a sequence of events that the people of Britain will look back on as the start of an unmitigated disaster for all of the peoples of Britain, much as the near 100 years of disaster that followed the break up of Ireland that still echoes its consequences into today.

And what happens when the King of the North's Independant Scotland itself starts to disintegrate?

Will he say yes, that's fine just need a few X's on a piece of paper then you too can become Kings of your own Kingdoms of Scotia and Alba etc.. or will he say no, independence is not for you and send in the troops?

As mentioned earlier the more Alex Salmond talks the more incoherent he sounds which whilst at the same time diminish the chances of Scots voting Yes, however is doing untold damage to the Union as the rest of the UK get sick of the statements of greed the continue to spew forth, and perhaps may sow the seeds for an eventual England Independence referendum.

Source and Comments: http://www.marketoracle.co.uk/Article44471.html

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2014 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series.that can be downloaded for Free.

The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife