Scotland Votes NO
William Wallace
Well it is not looking good at all for the independent camp. William Wallace would be ashamed to say the least. This of course will doom Scotland along with Europe and we will see civil unrest there when the economy turns down and the YES will blame the NO camp.
So far only outlying districts are reporting. The results for Eilean Siar (formerly the Western Isles) came in.
No: 10,544 (53.42%)
Yes: 9,195 (46.58%)
Turnout: 86.2%
If this pattern holds, the pound and the euro will rebound, but this is still only the beginning. This large of a percentage up from the 3-6% a couple years ago is amazing. Nevertheless, the crack has been established. Europe is in a death spiral and they will take the UK with it. Britain will be forced to break the EU or surrender its sovereignty to Brussels. The Scottish Independents will blame London when the economy turns down next year. It is starting to shape up as a critical first quarter in 2016.
Scottish Independence would have saved Britain. Now they think all is well – but it is not. Independence would have forced reform in London. Now they give themselves a gold star and proceed down the endless path with Europe.
Scotland Really Up in the Air
A lot of elderly who one would expect to vote NO have shown up at the polls. This is the highest turnout perhaps of any election anywhere. Curious, there are no exist polls but a lot of elderly are exiting saying they just couldn’t do it. This may be a coin toss. A reader sent this in to remind us all of freedom.
“For as long as but a hundred of us remain alive, never will we on any conditions be brought under English rule. It is in truth not for glory, nor riches, nor honours that we are fighting, but for freedom, for that alone, which no honest man gives up but with life itself.”Robert the Bruce, Declaration of Arbroath, 6 April 1320
COMMENTS FROM SCOTLAND
QUESTION: Martin,
I am wondering if today we get a great shock in my homeland.
Throughout the last couple months of this campaign, the UK government has conducted a fear and smear campaign to sway the democratic process. Media such as the The Telegraph and Bbc have been guilty of clear bias. I was reminded of your comment to ‘follow the money’ as the Bbc would stand to lose hundreds of millions in the event of a breakaway Scotland.
In that regard, I even question the polls that we see. Created with 1,000 voter samples and conducted largely on landline telephone they do not give a great sample. These polls have set the bookmaker patterns and also swayed the financial markets. Today could be a momentous shock for the world.
The No vote is made of older voters and those who are afraid of change. It is the youth and the passionate who make up the Yes vote and this is why it will not go away. Citizens will watch our politicians now and hold them to account!
Regards
K
REPLY: The polls are most certainly skewed. There is always behind-the-scene-machinations for that. It is curious how the banks threaten to leave with a YES vote, yet the overwhelming emails I get from Scotland all say YES because they are angry about paying taxes to bail out the banks in London.
Let’s see if we even get a real fair election. The problem is a YES vote undermines Europe. With Moody’s looking at downgrading France, it is amazing how the German people have not woken up yet. All of this is so Germany can sell goods in Europe. But the German taxpayer is being asked to bail out all of Europe. In reality, this is the reparation payments for World War I and II – they just call it the Euro and then Germany has handed much of its sovereignty to Brussels. Exactly what has the German people gotten out of this deal. Europe is only Germany now – France is really destitute.
Gold Report
OK – we have received so many emails request an electronic PDF version. We will post tomorrow the gold section which is about 200 pages by itself. We will post the silver next week with Platinum, Palladium, and Copper.
Because of worldwide demand for this report, we have issued it in terms of all major currencies with cycle arrays, reversals, and technical analysis. Gold’s perspective is completely different in many currencies as we see in Japanese yen. We have provided this also in Chinese Yuan and we have updated our International Basket of Currencies.
Also included are the weekly targets out into 2016 for the convergence of the silver and gold cycles that have picked the high in 1980 and the low in 1999. We have included all the dates from 1980 into 2016 for clients who are familiar with those models.
Each PDF has a unique watermark to prevent copying that is always a problem with some people who just want everything for free. Hiring staff to meet the demand requires that they earn a salary. This is a step in the direction of going public so this will continue when I exit.
We will let you know tomorrow when it is available.