Who Hath Balsam For England's Wounds?
It is now apparent that the United Kingdom will pay the price for ten years of Antony Charles Lynton Blair's rule, with an entire generation of austerity. It is also quite clear, that England will pay a deeper price, and for longer, than Scotland, even though it was the recklessness of Scottish banking institutions that precipitated and amplified the financial crisis. England's economic wounds won't be healed by Scottish Independence, even though Scottish banks and Scottish politicians, such as Mr Blair and Mr Brown, played such a major part in her downfall, because their weapon was an asset bubble formed by the inflow of entirely speculative foriegn capital into largely English assets. Having created an asset bubble in England, they then borrowed against it to buy massively into the highest risk debt, secured against America's own asset bubble. In effect, HBOS and RBS tried to make Scotland a major world banking power by abducting the English property sector and rans...