Whilst most people in the UK or focused on the frenzy of politicking going on in Scotland in the build up to the September 18th referendum. However, unbeknown to most including the mainstream media is that there is already a bank run underway not only in terms of flight of capital from Scottish banks but that is also hitting the whole of the UK hard in terms of accelerating capital outflows.

And matters are definitely not being helped by the likes of SNP Jim Sillars warning of a 'Day of Reckoning' for Scotland's big banks and big business. People saw what happened in Cyprus, and they had a currency!

You can't say you weren't warned (again). And it won't be long before these are worth a lot more

than these.

So if your in Scotland, then stock up with English notes whilst you can!

This video is based on the following in-depth analysis - http://www.marketoracle.co.uk/Article47337.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

Comments

zahlen2k
16 Sep 14, 12:48

Scottish banks

Hi Nadeem if I am an account holder in A Scottish bank such

as the Royal one should I transfer my money into

An English bank or am I still covered by fca guarantee?

Thanks a lot

Zahir

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