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5 "Tells" that the Stock Markets Are About to Reverse

Scottish Independence SNP Lies on NHS, Economy, Debt, Oil and Currency

Politics / Scotland Sep 17, 2014 - 05:13 AM GMT

By: Nadeem_Walayat

Politics

If you tell a lie big enough and keep repeating it, people will eventually come to believe it. - The scottish nationalists for good reason prefer to focus on the 'brave heart' emotions of the Scottish people rather than on actual facts and the reality of consequences of Scottish Independence that they tend to rebuff Joseph Goebbels style with LIES that NEVER match actual reality. Instead the SNP believes that if they spout their lies often enough than the people will start to believe them and given the tightening in the polls their strategy for lying is working!


Whilst I have covered the implications for the Scottish Economy at length in a series of articles and videos that boils down to Scotland being subsided by the UK (England) to the tune of £1600 per person per year in terms of public spending, and taking all UK government interventions into account such as building of the 2 aircraft carriers and UK central government agencies placed in Scotland that further boosts the size of the scottish public sector, then the total net subsidy to Scotland is £9 billion per year which works out £1,730 extra per person over that of every English person.

Source ONS

SNP NHS Lies

If you watch the mainstream news then the SNP lie that you are most likely to hear repeated is that spending on the NHS would be cut or that the NHS will be privatised if Scotland does not gain independence / separation.

"Under the Westminster system, cuts to spending in England automatically trigger cuts in Scotland.

"So if private money replaces public funding in England, our budget will also be slashed, no matter what we want or need.

"With independence we will have control of both our tax system and the budget for public services, so we can protect the NHS and other vital public services from Westminster privatisation."
- Alex Salmond

"I know how hard it is to protect the budget of the health service when our overall budget is being reduced by Westminster.”

“I will fight with every breath in my body to keep the National Health Service in public hands."
Nicola Sturgeon

To which Gordon Brown amongst others responded -

"The SNP are perpetrating a lie about protecting the NHS with Scottish independence because Holyrood already has the power it needs to do so"

"The NHS lie of the Scottish National Party has been exposed. The Scottish Parliament can keep the NHS in public hands with its existing powers.

"If the SNP continue to say they are powerless to protect the NHS in Scotland, let them make way for a Labour government in Scotland and we will protect the NHS."

NHS FACTS

1. The Barnett formula ensures not only that NHS spending has increased EVERY year since devolution, but that Scottish per capital spending has increased disproportionately more than for England resulting in 10% EXTRA spending per annum on Scotland's NHS

2. Control of the NHS has been devolved to the Scottish Parliament. Therefore only a Scottish Government can cut NHS spending or privatise services.

3. Following Independence Scotland would be faced with a £9 billion black hole after the English subsidy ends that would force the Scottish government into deep public spending cuts including on NHS spending.

4. The SNP government itself has secret plans for £1/2 billion of cuts in Scottish NHS spending to be announced AFTER the referendum CLICK HERE TO READ THE LEAKED PAPER.

This is just one example of SNP lies for the same continues in even more important areas such as which currency would an Independent Scotland use? Which the likes of Alex Salmond insists will be the British Pound despite the fact that ALL of the UK major party leaders have stated that there would be no currency union with an Independent Scotland. That would be impossible for politicians to reverse position upon even if they wanted to due to the outrage of UK voters / tax payers who would NOT STAND for UK taxpayers backing stopping a foreign country. And it does not take a genius to figure out that if you don't even have a currency then neither will you have an economy!

And where currency is concerned, if Scots do decide to commit economic and social suicide by voting YES, then it won't be long before these are worth a lot more

than these.

So if you reside in in Scotland, then you best stock up on English pound notes whilst you can!

The SNP According to George Orwell

“The Party seeks power entirely for its own sake. We are not interested in the good of others; we are interested solely in power, pure power. What pure power means you will understand presently. We are different from the oligarchies of the past in that we know what we are doing. All the others, even those who resembled ourselves, were cowards and hypocrites. The German Nazis and the Russian Communists came very close to us in their methods, but they never had the courage to recognize their own motives. They pretended, perhaps they even believed, that they had seized power unwillingly and for a limited time, and that just around the corner there lay a paradise where human beings would be free and equal. We are not like that. We know what no one ever seizes power with the intention of relinquishing it. Power is not a means; it is an end. One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship. The object of persecution is persecution. The object of torture is torture. The object of power is power. Now you begin to understand me.”― George Orwell, 1984

More on the consequences of Scottish Independence for Scotland and the UK in these articles and videos

Source and comments: http://www.marketoracle.co.uk/Article47368.html

By 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.

Housing Markets Forecast 2014-2018The 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 1000 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

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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