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Old 09-15-2014, 05:25 PM   #11 (permalink)
carpe musicam
 
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It could possibly be a mistake for Scotland.


If Scotland Goes: 'A Mistake As Big As The Great Depression' - Forbes
Quote:
...Deutsche Bank, which on Friday launched a provocative report on the consequences of full Scottish independence. Deutsche’s group chief economist David Folkerts-Landau put it out there in bold terms: “A ‘Yes’ vote for Scottish independence on Thursday would go down in history as a political and economic mistake as large as Winston Churchill’s decision in 1925 to return the pound to the Gold Standard or the failure of the Federal Reserve to provide sufficient liquidity to the US banking system, which we now know brought on the Great Depression in the US. These decisions – well-intentioned as they were – contributed to years of depression and suffering and could have been avoided.”

Scottish independence: ten key issues - Telegraph
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