The Panamanian Pound

 

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Panama – this is what a unionist calls a banana republic – Britain owns its tax avoiding banks!

I have lost count of unionist politicians and their puppets tell us us that, since they deny Scotland sharing the pound we helped build in value as part of a union, we’ll be forced to choose ‘sterlingisation,’ that is, keeping the pound sterling but not having the Bank of England – which Scotland has a share in – as lender of last resort.

Historical fact – sterlingisation is a system similar to the one Scotland had in 1707 entitled then ‘free banking.’

Scotland was once almost as wealthy as England. Adam Smith in his seminal, ‘The Wealth of Nations,’ opined Scotland should be praised. Enlightenment brought equitable wealth.

What unionists say now is stark: if we think we are the poor partner now we ain’t seen nothing yet if they get their way – a similar threat as in 1707.

We are laughed at if we choose sterlingisation. We are told in derogatory fashion, we will become the ‘Panamanian  pound,’ meaning poverty-stricken, a banana republic.

Panama prospers. The United Kingdom has debts surpassing £1.5 trillion. Panama fixed its currency to the US dollar decades ago. It also uses the Balboa, named after the Spanish explorer, Vasco Núñez de Balboa, but the dollar is the currency in normal circulation.

A good number of its banks are owned or approved by the UK Treasury and HM Inspector of Taxes as good places to secrete your earnings … and save a ton of tax.

Oh, one more thing, a sea of oil has been discovered under a place in Panama called … Darien. Yes, the same Darien thrown in Scotland’s face as its national humiliation.

PS: It’s rude to gloat.

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5 Responses to The Panamanian Pound

  1. mary vasey says:

    Well I’ve never worried aboot being rude…. one reaps what one sows etc. 😎

  2. mary vasey says:

    PS. meant to say, I enjoyed your comments over on Wings yesterday, thank you.

  3. hektorsmum says:

    Gloat, oh I will gloat and gloat well and truly, after the abuse we Scots have had on newspapers for the last three and a half years since the referendum was announced.

  4. Grouse Beater says:

    I think I know to what you refer:
    I’ve always attributed determined loyalty to the Scottish character, but as a part-Italian, rarely passion. Soon as it rears its ‘ugly’ head some Scot cautions restraint.

    “It wudnae do tae show oor emotions.”

  5. JimnArlene says:

    The last three centuries or so. Soon to be ramped up a few notches, then after we win; we can gloat for a while, then rise above it making a better future for ourselves.

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