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And if the biggest danger lies in having a properly run monetary system....well, there is a lot about the monetary system of the UK they could improve in their own system - like recognizing that monetary policy is not the cure for everything. As to the BoE blackmailing Scotland, I am reminded of the adage: "If I owe the bank $100,000 and can't pay I have a problem. If I owe the bank $100 million and can't pay the bank has a problem.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Sep 9th, 2014 at 11:32:38 AM EST
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