The blockage of the Suez Canal is a fascinating image for opponents of Scottish independence. It's all plain sailing, your budget and liabilities hit a choke point and then the clock starts ticking. While an obstacle proves immovable, the consequences grow like topsy.
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There are financial and political chokepoints that are obvious to all. The idea we can just sail around them, as we can see, isn't bulletproof. If the economy stalls and liabilities build up, what do we do when there is...no room to manouevre? That's what sterlingisation is.
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You get stuck between two central banks, England and ECB, with no means of either of them offering a route out via rates or QE. You have a rapidly tightening money supply with a backlog of voter demands. You're...stuck.
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Als antwoord op @Ian66219823
With less oil and shit weather.
09:35 - 29 mrt. 2021
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