3522 days ago
Andrew Bell of Red Rock Resources (RRR) and Regency Mines (RGM) like me started his life as an oil analyst. Bell is a Scot living in England and, I sense, supports the Union. As an English taxpayer I cannot pray hard enough for the welfare addicted Money Tree worshipping Greece of the North to vote for independence as I explain HERE. But Bell adds to the debate in a very well argued video showing how SNP assumptions about Scottish oil revenues are quite simply sheer fantasy.
3613 days ago
The lies told in the Scottish Independence campaign are almost laughable and I start with a total whopper told by the SNP.
But having said that I regard Independence as great news for Scotland and Wales should go the same way. Only by being independent and learning to stand on their own two feet rather than mainlining subsidies and whinging will these nations thrive.
It would be good news for England too as I explain in this video.
My financial postcard covers bubbles emerging in residential housing and popping in IPOs. You can watch that video HERE
3758 days ago
The weekly video postcard is back from its Christmas break. You know how you do not want to do something so you put it off and it gets worse and worse and harder to do? Like the washing up or subbing a book by Zak Mir? Of course once you start such a task (subbing Zak’s book excepted) it is easy. And so I fear next week’s video very little.
On the agenda this week, prompted by this piece earlier, is Scottish independence and its funding but also UK welfare abuse and reforms.
3758 days ago
The Scots it would appear have negotiated the deal of the Century with England for post-independence financial Armageddon. They get the freedom. The English get to pick up the tab.
The Scots would be able to set their own budgets, their own tax rates and spend as much as they want yet the English taxpayer c/o the Britsh ( or post independence English) Treasury has agreed to underwrite its debt. This is sheer insanity.
87% of Scots take from the State (in terms of services, welfare, etc.) more than they give. And thus Scotland has found itself with an electorate which things that austerity means deep fried mars bars all round on the State being cut back to only 6 days a week. Or only giving free cigarettes to Primary School Children only on alternate days.
Given that you have more chance of finding a heterosexual non child molester presenting a Top of the Pops edition from 1977 than you have of finding a Tory voter in Scotland, its three political parties that matter ( Labour, The Nationalist loons and the Lib Dems) are all committed to more spending and more tax but the ultimate funder is always seen as the great Money Tree.
Scottish economic policy and the prevailing ethos of a land that once gave us Adam Smith is akin only to Greece. Edinburgh is the Athens of the North.
And so post-independence
