Scotlands True Wealth – Exposed Again!

Here I am again, writing about Scotland’s fiscal position within the UK and how the data is manipulated to favour dependence rather than independence.

I am finding myself increasingly gravitated towards writing on this because every time I look further into it, I come across yet anther supporting dataset that confirms the secrecy of the reality of Scotland’s finances within the UK and how that information is being supressed.

Occasionally, someone in authority lets it slip out.  I’m not saying there is a huge conspiracy here where every elected official knows the reality, but I do believe that there are some who do know the reality and that reality is limited in its ability to become mainstream.  One such person is Mark Carney, Governor of the Bank of England who is on record saying Scotland’s net worth is north of £1 Trillion.

Sadly, however, the story has always been to pump out to the population that Scotland has around 8.2% of the UKs GDP, and as such, with its demographics etc. it runs a deficit and so cannot become independent and must stay dependent.  Furthermore, a large portion of our fellow citizens here in Scotland believe this to be true, and as such will not even consider the notion that it is a lie, or that the reality is skewed to favour their vote against their own better off position with independence.

Its crazy really when you think about the reality of someone voting against their own success because they are told to through skewed and estimated numbers, but that’s British Nationalism for you.

Capture

So, as I alluded to above, digging around, as I so frequently do on this topic I had an idea of where to search.  The idea was to search for a time when Scotland wasn’t in Union with England and when it was, namely 1707.  We all know that this Union of the two parliaments created Westminster and at that point, Scotland effectively became a colony and its revenue was counted towards the wider UK figure.  So how does that pan out?

Well in 1706, the nominal GDP of the UK was £71,000,000.  In 1708, it increased to £87,000,000.

That’s an increase of £16,000,000.  That £16,000,000 is 18.4% of the £87,000,000 1707 figure, and can by all intents and purposes be attributed to Scotland as her share.

Now I am sure you all know that the ONS will tell us today, in 2020, that we currently have around 8.2% of the UK GDP, or around £206,000,000,000, which is less than 50% of Norway’s value, 44% less than Ireland and nearly 30% less than Denmark.  Oddly suspicious given than Norway, Scotland, Ireland and Denmark are identical in almost every way, it could even be argued that Scotland outmatches them with 34% of all UK natural resources, being Europe’s biggest oil producer, owning the entire global Whisky industry and having 25% of all of Europe’s renewable potential, and that’s not mentioning that we have the best educated population in Europe – oddly suspicious how the most intelligent population can be in the worst financial position.

Thank goodness the UKG have been managing it for us…

I wonder what 18.4% of the most recent GDP figure would look like for Scotland now that we know that 18.4% if far more realistic than 8.2%.  I also wonder how that compares against Norway, Denmark and Ireland?

In 2018, using the same source as for the above GDP (nominal), the UK figure was £2,177,724,000,000.  18.4% of that is £400,701,210,000.  That’s 49% higher than we are currently told.  49% seems awfully similar to the difference we are told we have compared to Norway, Denmark and Ireland.

Here it is in tabular form, first up is what we are told by the ONS and UKG.

Country

Nominal GDP Difference Compared to Scotland

Scotland

$206,000,000,000

NA

Norway

$417,627,000,000

+50.1%

Ireland

$384,940,000,000

+46%

Denmark

$347,176,000,000

+40%

Now, I wonder what happens when we substitute the numbers we are told, versus the numbers of likely reality (18.4%).  Here is the result:

Country

Nominal GDP

Difference Compared to Scotland

Scotland

$400,701,000,000

NA

Norway

$417,627,000,000

+ 4.1%

Ireland

$384,940,000,000

– 4.2%

Denmark

$347,176,000,000

– 15.4%

Would you look at that, an average UKG lie factor of 40% across the 3 nations, with an almost a perfect fit with Norway, as Europe’s second largest oil producer and almost identical population size.  It is almost identical to Ireland, which is independent of the UK and can provide realistic figures, and its not far off Denmark, again another population similar, European country, just minus the Oil.

I mentioned above about Mark Carney letting the cat out of the bag regards Scotland’s net worth exceeding £1 Trillion.

I wonder what the net worth of Norway, Ireland and Denmark is?  See below tabular form for the results.

Country

Total Wealth

Difference Compared to Scotland

Scotland

Circa $1,000,000,000,000

NA

Norway

$1,096,000,000,000

+ 8.76%

Denmark

$1,271,000,000,000

+ 21.32%

Ireland

$951,000,000,000

– 5.15%

Its marvellous isn’t it?  If Mark Carney was “accidentally” telling the truth about Scotland’s true wealth, it is almost a perfect fit with Norway, as Europe’s second largest oil producer and almost identical population size.  It is almost identical to Ireland, which is independent of the UK and can provide realistic figures, and its not far off Denmark, again another population similar, European country, just minus the Oil, but with Carlsberg, Lego and Moller-Maersk.

You are being lied too, and I don’t know what is more concerning, that people in power know it and don’t tell us, or that people in and out of power don’t know it but believe the lies of those who do know it – all for the aim of preventing it making your lives better.

Sources

https://www.measuringworth.com/datasets/ukgdp/result.php

https://www.bankofengland.co.uk/knowledgebank/what-is-gdp

https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)