Moving On: An economic case for Scottish Independence

SDA financial policyPerhaps you remember this little booklet printed by Dougie Don over a year ago. It made the case for the SDA policy for an independent Scottish currency.

That case has now developed into a fully fledged book which starts by setting down the economic and political background which has now placed the UK into a financial straitjacket.

The final Chapter of Part One places the blame firmly upon the ‘monetisation of government’ – measuring every public expenditure decision by its ability to show a cash surplus. This is neo-liberal economics whereby literally everything is convertible into short term profit.

It is accepted by most people because it reflects the familiar constraints of the family budget and extends them to apply equally to government. That is a fallacy.

If you wonder why most of the No Campaign scare stories emanate from the Financial Sector then “Moving On” provides the answers. The chances of reforming the banks and replacing financial jiggery-pokery with enterprise and full employment are zero for as long as Westminster calls the shots. With independence we will have a much better chance to put this malign genie back in its bottle.

It will not happen overnight because it cannot even start until the Scots own and control their own currency. Thereafter the Scots will make sure it happens.

Here are just a few FAQs you will find fully answered in the book

Is the National Debt really necessary in this day and age? No, it can be capped and the substantial portion held by the banks written off both sides of their balance sheets.

SDA MovingOnCoverQ. Could Scotland have dealt with RBS collapse?
A. It would have been dealt with very differently. RBS & HBoS were not taxpayer liabilities. These and other banks were deregulated by the Thatcher government in 1986 under the Banking and Companies Acts of Westminster over which Scots Law has no jurisdiction.

The law should have sent in the Administrators, rescued the branches and payments system and left the other creditors (mainly other corrupt banks) to pick over the carcase.

Q. Why do tourists, exporters and importers pay transaction fees for exchanging currencies which could be done automatically by their Central Bank at no cost? And why do foreign exchange rates vary from day to day? 

A. Both these questions have the same answer - because currencies are bought, sold and speculated in financial markets instead of being adjusted between Central Banks.

Q. Why do democratic governments defer to privately owned rating agencies, bond traders and bankers?

A. Because they borrow the taxpayers credit from the banking system which creates credit guaranteed by the taxpayer. Yes, but why? It is a circular argument which doesn’t make sense….

Q. Why, with youth& adult & unemployment at consistently high levels are public services being cut? How can the country afford £350 billion to bail-out banks but cannot afford to keep adequate employment in public services?

A. Moving On exposes and explains these anomalies. More importantly it offers a roadmap out of this morass of financial bondage.

Moving On from Amazon at (direct link)

There is an e book version (Kindle) but it loses much in re-formatting and indexing, so not recommended for a book of this nature.

Or buy directly from the publisher (UK post free) at http://www.scottishmonetaryreform.org.uk

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