Scotland is Viable, Britain is Not!

Recovery?

The chart below is from the US Federal Reserve. The blue line is US borrowing and the red line is actual US GDP and the green line is blue added to red (nominal GDP)

Over the years there's been recessions and crashes but as you can see nothing quite like what we are seeing now. What this chart shows is that the US is now in a depression.

Britain has the same problems that the US has except Britain does not have the world's reserve currency.

Britain like the US is holding up GDP by borrowing and robbing its own population. You see that red line? It's not going to go back up. That red line is a real decline in the private economy which is not going to come back. The blue line will have to continue to increase to balance the budget. The red line means jobs to the real economy are being lost and the blue line means people who are losing income are going to have to take on more debt via the government meaning more taxes..

Why are things so bad? Drug dealers? Immigrants? Social security fraud? No. That's small change. The big costs are bank bail-outs, wars, money printing (quantative easing), trident and so on.

Come the election ask yourself which party will save the economy. Which party will stop involvement in wars, spending on nuclear weapons, stop bail-outs and money printing. For me the SNP come out on top as far as Scotland is concerned. Sure, we have to ask what they will do about banks post-independence but lets face it oil will be our big bail-out giving us a post-independence soft landing. As for the London parties? Both will plunge Britain into irreversible economic decline.

The political class in London is incapable of solving the ever deepening economic problems faced by Britain. With independence Scotland has a clear opportunity to emerge healthily.

Scotland unlike Britain PLC is viable.