An RBS bank man offers you
a personal financial product in a thick tome of wordy print urging you to sign
now while it is available, the chance of a lifetime. He will explain the fine print later and deal
with key questions, matters and problems as they arise.
On the information we have
now the best action to take would be to start running and don't stop until you
have put a long distance behind you, the longer the better. The trouble is where do you run to? The Co-op?
HSBC? Barclays? HalifaxBoS? Lloyds?
And so on and so on.
If you are looking for a
long term sound investment or a pension you are wasting your money. You might even be better off doing the
lotteries or even buying Government Premium Bonds. If you are in a small or growing business there
is a good chance you will be bankrupted and asset stripped. If you very lucky you might just about
survive financially, but be all the poorer.
When it comes to the
business of government and "business" is the operative word; down
south at Westminster Her Majesty's Government has put out a 50,000 page bill to
be forced into law to create the HS2 Rail project with only a couple of months
for consultation. The detail is such
that it amounts to all the local planning considerations as well as the central
This represents a
government system which is not democratic and is Authoritarianism (see
Wikipedia definition) writ large. In the
UK is arises from what is known as sofa government coupled to a civil service
that is not a service and a range of agencies that are not agents but
authoritarian delivery systems.
If you add to that the
imbroglio of all the commitments made, concessions to other states and the
surrender of the basic elements of sovereignty then Westminster cannot be
trusted. Given that the UK political
class is enmeshed and bound by certain major financial interests the effect is
that what London wants it gets and to hell with the rest of them. The way out in Scotland is being offered as
"Independence" the media image being that of a squalid power conflict
between land grabbing elites 700 years ago.
Looking at who they are
and more to the point who they are linked to the Scottish National Party are
not a bunch of people one would put into power in an independent state. They are not the worst, the Scottish Labour
Party beat them to that title. The
Liberal Democrats are not in sight, in any case they are neither Liberal nor
The Scottish Conservative
Party is lost in the mists of time. It
might have been an option when it was a party of the lairds and businessmen but
most of them are now effectively located in tax havens and economically active
anywhere but Scotland.
Then there are the
Green's. If the SNP is basically looking
for a sort of East Germany with a rich financial elite and the SLP a sort of
Romania with the same, then the Greens are Bulgaria with the model of communist
Plovdiv in mind.
None the less what about
the Independence? First, as a former National
Serviceman, Defence of the Realm
(Scotland), means there might be a toy town army with less available for active
service than on a rough Saturday night in Greenock.
With a very long coast
line compared to land the Maritime part apparently will be a UK operation,
perhaps because of the expense. As for
air, this will turn out to be basically transports for politicians and cronies
and money launderers.
The currency will be the
pound (how high risk can you get?), with of course, the Bank of England being
the Lender of the Last Resort, that is in charge of the money and having the
whip hand on Scottish Banking. The BoE
you will recall was created by a Scot to bail out the defaults of a Scottish
monarch with London money.
This was the same Scot
that later dreamed up the Darien Scheme which ruined the upper and middle
classes of Scotland making the Union of 1707 the only option other than the
total collapse of both the Scottish economy and its social structure.
Another famous monetary
Scot in the period was John Law, a finance man full of great wheezes and
financial products. Needing to make
himself scarce from Scotland and England he went over to France where he
bankrupted the French. It is suggested
that the legacy of that was one of the reasons for the French Revolution rather
At one stage the SNP
envisaged Edinburgh as another Celtic Tiger to follow the example of
Dublin. With an RBS man still in charge
there is still the hankering to make Scotland a tax haven, if in the EU another
Luxembourg. It does need to be said that
this means you more or less relieve the rich and their associates from the need
to pay any taxes, as in London.
There will be membership
of all the usual organisations with their never ending circuses of meetings
where leaders of states spend most of their time trying to defraud one another
and largely succeeding. This is one
explanation of all the financial crashes.
In particular there is the
European Union. Putting aside the issue
of whether Scotland might be forced into the Euro block as the price of joining
this means surrendering not just sovereignty
but handing over legislative power to Brussels. How this squares with all the airy promises
of Scots being able to mind their own business is difficult to understand.
Then there is
migration. Promises are made as to who
might become citizens but I suspect they, along with many other things, will
not be honoured. But does the SNP really
intend to operate what could amount to an open border system? If it does have all those social security
benefits and promises then it will soon find that Scotland will not be for the
Scots any more that London any longer is for the Londoners. If the rump UK has a different policy what
Given the catastrophic
waste and failures of the Westminster machine, admittedly it might look better
to separate from it in a detached, but not independent state. Which then raises the question of the
oil. But who will really control that? The oil majors? The Gulf rulers? The Chinese? Gazprom, or are
they already on site?
Lastly, the pitch that "put
us into power in a separate state and then we will let you know what the
Constitution is going to be", with related police and other powers is not
good enough. The draft Constitution
should be in place before any vote.
The real problem now is
London and what to do about it and this affects all parts of the Atlantic
Isles. There are other and better
answers to that and it is a pity that instead of looking at these we are
heading in entirely the wrong direction.
With or without the HS2.