willy eckerslike said:
They can keep the pound name, that's their decision, but they would have to create their own central banking system to support their currency. They will have a short period where the currency is shared, maybe even beyond independence day, but this will be to protect the finances of the remaining union members. On the day of switchover, any investments in Scotland will be subject to unknown pressures - there is absolutely no-one on earth can predict what could happen. I certainly won't be having any of mine in there on the day and if lots of people do the same, Westminster may have to prop up their economy. The worst thing for England, Wales and N Ireland would be to have a neighbouring country on the point of collapse.
Still if Salmond says it will be fine, it'll be fine.
They won't be able to use sterling one second after independence if they don't concede economic control to Westminster and even then Westminster is under no obligation to play ball. Nonetheless let's go along with the yes campaigns belief we will have no choice but to have a currency union which means budgets being decided by Westminster (law, health, education, defence, welfare etc), tax rates decided by Westminster, basically all the important stuff...so not really independence.
Salmond is just a twat who is frighteningly flippant about many key issues and with so many assumptions a yes vote is literally a vote to jump off a cliff and hope every single one of those assumptions is accurate, a "it'll be alright on the night"...which evidence would say they aren't. That is no way to run a business let alone a country. If this is what Scotland wants then I'd feel much more bullish about the future of an independent Scotland if this was all sorted out properly...independence for Scotland has to be progressive, evolving over time and at a pace where, by the time it comes around, they are independent in everything but name.
All that said given the likely voter turnout we won't be able to say the decision is not the will of the people of Scotland.