They will vote as they will vote, I guess we will find out. But that doesn't mean they are voting for independence, they may be voting for the slavery of con artists and sociopaths, but I am not there so my vote doesn't count. However, this gives incentive to the growing popularity in large areas of Texas to vote independence from obese Washington D.C. and become their own nation. Which would later be joined by other portions of states seeking more freedom. I am not sure I would join, but who knows.
So goes Scotland, this will likely also inspire like break aways in India which will be torn apart by Assam, and parts of South India, which are regional independence movements like Scotland, but not all such break aways are so construed as you have religious based break aways such as Khalistan and the Sikhs. India will then become a victim of yet even more terrorism, it won't be pretty.
As far as Scots, they in no way remind me of Braveheart at all, the modern Scot strikes me as a lazy welfare baby. But I could be wrong. Scots did invent modern insurance, amazing thing actually.
But the thing I focus on is, if and how they vote, would the results require me to initiate contingency plans in the event it triggers some cycle in the world economy. I think it will, but I already have the gears of my contingency plan to quickly move out of bonds when this triggers the world rise in interest rates.
Regardless of the moral and historical/political reasons, and regardless of identity fixations (which can range from racial identity to grievance identity to religious identity to "pioneer" identity to many other things that inspire break aways or nation building), and without taking one side or the other on this aspect of the issue (thus I am not voting, let me decide at the end of this "rant"), I look at it from the perspective of what impact would this vote have on "my world" personally as it impacts the world overall.
Not because I am selfish, but because as I have learned from my successes in investments, you must understand the dynamics and news cycles and affect and effect of world and local events and literally have to sort out and "peek into the future" what this would mean to these investments. This is what makes a successful investor.
Simply watching the ticker tape does not make a successful investor, you need to watch "the news" and the world overall, and even outer space.
I put this in terms of a methodology for investing, but actually it is true for many things. It just so happens, I was considering the impact to the direction of the world economy.
I could be wrong, but I suspect an independence vote will trigger the interest rate rise event world wide that I have been advising friends which will happen anyway but this could likely trigger it now and cause havoc.
Scotland owes a good part of U.K. debt. Nation debt is not a good thing when it reaches the level as found in the U.S... Just as bad is coming up with an excuse such as in family divorce situations to say "sorry, this debt isn't mine anymore, I'm skipping out of the family and it is all yours".
This is what Scotland, which received huge amounts of economic and business stimulus from the Brits into Scotland as well as housing and many other things but foolishly paid for using borrowed money in the name of political expediency.
But an independence actually will not free them or give a "get out of bail" ticket for them, they are delusional if they think so. In fact, they won't muster the doubling of their growth fast enough to recover their obligations that impact debt even if it is now much less with independence, they are going to cobble their knee caps as loans for anything world wide becomes much more expensive.
Already, even the very idea of Scottish independence has buckled budget junkies in Angola as far as capital investments in computer and real infrastructure and the vote hasn't even happened yet. The poorest will be the most susceptible, and Angola itself also coincidently has tribal factionalism and break away militias (mini armies) both racial, regional and also religious in nature that is about to tear it apart, and all over the world you will have governments and crypto organizations who will be funding break aways in other regions of the world that would weaken others and play into the hands of their pet interests.
So besides the interest rate increase cycle coming alive too early and sooner and at the wrong time, world uncertainty will feed negative cycles into the over all market itself.
As far as what you might do regarding the collapse of the bond market and interest rate threat, even if it initially raises the "value" of home property and real estate but which then collapses when no one can get a mortgage at rates of 17 to 21 percent and then governments go after getting huge property taxes as old folks lose their homes, you might consider my post on ETFs in the Capitalism DIR so you can build and have in place and ready to go portfolio to get out of bonds fast after the vote if need be.
... actually, I have decided to vote no, but our vote is of no meaning. They will vote what they will vote, at least they still have the freedom to do so which certainly is becoming harder to find in the world. Sometimes it is good, sometimes it isn't. It is complicated.
Long live the independent nation of Greater Texas.
Om Namah Sivaya
