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Speculation?

I see that George Soros, the man who broke the Bank of England in 1992 has been all over the press this week. He’s been promoting his book ‘The Tragedy of the European Union’.

In synopsis:

“There are many nations that go through long periods of stagnation, but they survive.
“Japan has just had 25 years of it and is desperately trying to get out of exactly the situation that Europe is moving into.
“But the European Union is not a nation. It is just an association of sovereign states, a very incomplete association, and it may not survive.
“This euro crisis has converted what was meant to be a voluntary association of equal sovereign states that sacrificed part of their sovereignty for a common benefit into a relationship between debtors and creditors.
“The debtors can’t pay their debts and are dependent on their creditors’ mercy, and that creates a two-class system. It’s not voluntary and it’s not equal.”

He also opines that it would be ‘impossible’ for post independent Scotland to share Sterling and that a new independent currency would provide speculators with ‘a field day’. He foresees an independent state as being up a creek in currency terms and presumably being unable to locate a paddle.

Of course it is just another scare story…….

Isn’t it?

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7 Responses

  1. Yes, IMO it is just another scare story Robert.

    What we have to remember when all of these experts that no one has heard of are wheeled out to spend their tuppence worth is that they are not accountable to anyone for their comments. Neither are they required to do the sums properly because the subject matter is of no real consequence to them,

    All they are doing is passing an opinion. I prefer to listen to people who have properly researched these issues and who have a vested interest.

  2. Are you willing to risk it?

    We are being asked to vote for Scottish Independence with none of these fundamental questions answered; on the say so of Alex Salmond and his merry band of optimists who insist that they are right and everyone else is wrong!

    We need more than ‘Mum, they’re bullying and blustering again.” Many of us proud Scots are embarrassed by our politicians going on like that. How do you think it makes us look in the world today?

    Have no clear plan on currency is like buying a house, sight unseen, on the say so of a shady estate agent.

    I’d put my money on George Soros and all the other serious thinkers anytime before the SNP, Scottish Government and Nationalists.

    If Bryan Weir has not heard of George Soros I doubt he is a serious thinker!

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