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Good job on the Shed. Sorry about the other thing lol Helps to diversify even of it doesn’t make sense sometimes.

The REAL Reason Britain is Freaking Out About Scottish Independence

George Washington’s pictureSubmitted by George Washington on 09/17/2014 13:37 -0400

David Cameron and the British media have been freaking out about the potential Scottish independence.

They’ve blathered on about “history”, “common defense” and other red herrings.

But it’s really all about oil …

Specifically, if Scotland becomes independent, it gets to keep 90% of the revenues from its huge oil reserves.

The New York Times reports:

Scottish nationalists have long argued that being governed from London has deprived their country of its fair share of the wealth from Britain’s oil and natural gas fields, which mostly lie in North Sea waters off their shores.

“It’s Scotland’s oil” was the rallying cry in the 1970s that helped raise the profile of the Scottish Nationalist Party, which now leads the country and is pushing for a vote to secede in the referendum on Thursday. Alex Salmond, the politician leading the separatist movement, has pointed to North Sea energy as the treasure that would help finance an independent Scotland — ensuring that the country could continue the generous public spending, including free university tuition, that he is promising voters.

Al Jazeera notes:

Massive oil reserves in the North Sea are at the heart of the Scottish independence debate. Many are questioning whether the reserves are just for Scotland or if the rest of the United Kingodm should continue to benefit from their profits.

NBC writes:

The ‘Yes’ campaign … says Scots should have total control of their own affairs and that revenue from Scotland’s offshore oil fields would sustain the country’s economy.

In addition, as Max Keiser explained:

(1) The UK can now borrow cheaply using the giant Scottish oil reserves as collateral

(2) If Scotland leaves, the collateral (oil reserves) is no longer available

(3) So the cost of borrowing money for Britain skyrockets

Scotland’s North Sea oil reserves are slowing running out, and so oil won’t be such a valuable resource forever. But for now, it is still invaluable (especially as collateral for British borrowing) … and the key to Britain’s panic over potential Scottish independence.

http://www.zerohedge.com/news/2014-09-17/real-reason-britain-freaking-out-about-scottish-independence

That calls for a special coffee time.

http://www.thewestwire.com/h-r-24-audit-the-fed-bill-passes-in-house/

..singlehandedly managed to manipulate the PMs down to a level not seen in a while.

and I bought another small slice of RBC Gobal PM Fund

-youse can’t selhi ifn you don’t bylo

                     yellen going to get a puff .. to keep the game alive

birds of a feather .. lol

Don’t see none at all… No No …Nope !

So pay attention. It is the DEFLATION that comes FIRST. Inflation NEVER appears first with nothing driving it. It has always been the expansion of government that unfolds FIRST that later manifests in inflation only when you cross that point of no return in PUBLIC CONFIDENCE. As taxes were raised on property, people began to vacate the cities. The population of Rome collapsed as property values fell due to rising taxes. Sound familiar? Only with rising taxation did people just start to migrate away from Rome.

74% of all Municipals want to raise Taxes – Hello DEFLATION!

You being a Doctor and all will have to keep it together. Every time it goes down even 5 cents the mud fights start to form amongst the bugs. Someone’s gotta be left to patch them up. Hope not but a pattern seen through time. Besides we all know the currency game is going into a death cycle while it try’s to take everything out with them. At what point won’t you be able to get it for one reason or another including bank freezes or EMPs or ever ending debt and taxes they pass on to everyone else.

next stop .. before BO comes to the rescue …with some more talk lol

or maybe not     hui ….is subject to the slings and arrows of gold ..

the gold market sucks .. right now .. weak hands are running for the exit

This song reminds me of you and your long gold run and a few other characters in that movie like gold ballon who can’t shoot and Farmfrog as the sherrif before he became a frog.

Winedoc – you’re not alone, we’re all fools. I bought a bunch of phyzz silver this past week and completely regret doing it.

maddog – they’ll just fix the vote, doesn’t matter how things really are, or how people really vote. If the NO’s actually win they’ll demand a recount and then a re-vote after torturing Scottish finances. that’s the way it works in the western Oligarch culture.

RE:

They are generally a minority view squeaky wheel that gets all the oil. The majority are at work, have a life, can’t be bothered, get nothing, and have no representation.

try again post disappeared. That’s about right and how they want it. Their bond slaves while they try to figure out how much they can squeeze out of us. More talk about moving to Canada by some but for many that’s not so easy anymore and may not be much better plus double taxing by these politicians. Simeone told me today about a awesome generator a relative picked up. They may be busy but many aren’t blind. The minority view gone too far might come back and night them in the ass.

If they keep up this tactic of burying the PM’s around every Fed announcement/decision etc..then the differential between production costs and the Mkt will become insane.

pretty obvious this is not going to change anytime soon. As long as they can keep pm’s down the appearance that everything is OK can continue.

Shanghai cash market provides some hope but I dunno, the nightmare never ends.

RE Armstrong and Scotland

For maybe more than once he doesn’t know what he is talking about. The Scottish Nats are NOT latter day Bravehearts, they are a bunch of Commies trying to gain power by promiseing the earth and the Sun to people who do still believe in Braveheart etc.

The English subsidise Scotland massively, take away all the money we send up there and they will go broke in months, unless taxes are raised hugely and spending cut massively. Salmond is just a scottish version of Chavez, in a suit with loads of smart answers….but at the end of the day he is still a commie in a suit.

Unfortunately Cameron has screwed up the terms of the vote in so many ways, that the yes may win….but no -one has asked the English who pay for the whole damn show….there is going to be a monster row come Friday whatever the vote and we may force the resignation of Cameron, Milliband and Clegg for allowing this farce to occur.

Copper is $3.14 cents per pound. Chop meat grows on cows above ground. No exploration, mining, drilling, milling, grinding, energy costs for refining and smelting. Copper has all those expenses.

Beef just eats grass, grows, and they butcher it up. So…..Either chop meat is way too high or Copper is WAY too low. My guess is Copper is too low because its needed in the space and gov’t national defense industry.

http://finviz.com/futures_charts.ashx?t=HG&p=w1

back–has yellen made hawkish noises in her Q&A session?

Now they’re promising them more say if they stick with them. That’s like a wolf coming In saying if you let me in I’ll give you more choices on how you die after he kills grandma. Oh goodie.

The Scottish vote will be very important from the perspective that this will shake up the entire concept behind Brussels if they vote YES. Throughout Europe, the same civil unrest is rising as discontent every where.. Even if the vote is “NO” and the people accept that they are incapable of self-rule as second-rate citizens, the issue will not go away so easily. The “better together” crowd has NOTHING positive to offer Scotland whatsoever. It has been all about scare tactics that the Scots are inferior. The polls coming out gave the NO vote a 4 point lead. However, the ScotCen poll shows “NO” at 51% and “YES” at 49%, The NO campaign has nothing to offer and if they win, Scotland will really lose and we will see serious tension in the future when the economy turns down next year. The unrest will not vanish with a NO vote – it will be I told you so.

Armstrong

Sm Up = Yes

Rates down = No

Pm’s down = yes

Oil down = yes.

And to top off another wonderful Algo created day the Dow is at all time Hi’s….ain’t life grand.

Note gotta work harder on those Rates.

and the nightmare continues…and continues…and continues…

Gotcha goldbugs! That’ll teach em

I’ve learned over the decades, we all worry far more than we have to. Besides that, you can’t trust any info that we did not ourselves know for sure. Too many special interests out there. Activists should be shunned.

They are generally a minority view squeaky wheel that gets all the oil. The majority are at work, have a life, can’t be bothered, get nothing, and have no representation.

“Sadam Hussein has weapons of mass destruction” is a typical special interest message. I think it was ONE guy with an ax to grind. And had access to big shots. All those stupid gun control laws, same thing. Minority dirt bags trying to discipline other people. They don’t like big SUVs either.