FORUMS > Leeds Rhinos > 12,016 |
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International Star | 549 | No Team Selected |
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Sep 2012 | 12 years | |
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| Quote: Lawrie L "Incorrect'"
Are we talking 0.3% growth contrived through statistical fraud and funny money?
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International Chairman | 35189 | No Team Selected |
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Feb 2002 | 23 years | |
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| Quote: Fetlar "Are we talking 0.3% growth contrived through statistical fraud and funny money?'"
Any factual evidence to back that claim up?
No, didn't think so....
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International Board Member | 14970 | No Team Selected |
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Jun 2002 | 22 years | |
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Nov 2021 | Nov 2021 | LINK |
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| Quote: Lawrie L "Incorrect'"
The areas where 12 of the 14 clubs are based are in recession. And the country is in the middle of an economic depression
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International Star | 549 | No Team Selected |
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Sep 2012 | 12 years | |
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Jul 2016 | Apr 2016 | LINK |
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| Quote: Lawrie L "Any factual evidence to back that claim up?
No, didn't think so....'"
The assumption that the official statistics are a pack of lies is, I admit, based merely on the assumption that the state is packed to the gunwales with habitual liars.
I assume you are not disputing that the UK prints money to buy its own debt. Without such an intervention the UK would be bust instead of simply trading whilst insolvent.
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International Chairman | 35189 | No Team Selected |
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Feb 2002 | 23 years | |
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Jun 2023 | Jun 2023 | LINK |
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| Quote: Him "The areas where 12 of the 14 clubs are based are in recession. And the country is in the middle of an economic depression'"
Depression?
Not quite
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International Chairman | 35189 | No Team Selected |
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Feb 2002 | 23 years | |
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Jun 2023 | Jun 2023 | LINK |
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| Quote: Fetlar "The assumption that the official statistics are a pack of lies is, I admit, based merely on the assumption that the state is packed to the gunwales with habitual liars.
I assume you are not disputing that the UK prints money to buy its own debt. Without such an intervention the UK would be bust instead of simply trading whilst insolvent.'"
I am disputing that to a certain level as doing that would devalue the pound to next nothing so that's a stupid idea
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Club Coach | 4142 | No Team Selected |
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Oct 2004 | 20 years | |
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May 2017 | May 2017 | LINK |
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| Yes, it's the recession not the low intensity product on show
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International Star | 549 | No Team Selected |
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Sep 2012 | 12 years | |
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Jul 2016 | Apr 2016 | LINK |
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| Quote: Lawrie L "Depression?
Not quite'"
Only because we're not on the gold standard. This allows politicians to postpone economic collapse through currency debasement. See the economy of Zimbabwe for further details.
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International Board Member | 14970 | No Team Selected |
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Jun 2002 | 22 years | |
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Nov 2021 | Nov 2021 | LINK |
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| Quote: Lawrie L "I am disputing that to a certain level as doing that would devalue the pound to next nothing so that's a stupid idea'"
Well that's what's happening, and its not really a stupid idea as devaluing the currency is a good move in this environment. If Spain, Italy, Greece and Ireland had had that option they wouldn't be in quite the same mess they were/are in now.
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International Star | 549 | No Team Selected |
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Sep 2012 | 12 years | |
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Jul 2016 | Apr 2016 | LINK |
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| Quote: Lawrie L "I am disputing that to a certain level as doing that would devalue the pound to next nothing so that's a stupid idea'"
Have you seen the price of gold/oil/productive land in sterling recently?
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International Board Member | 14970 | No Team Selected |
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Jun 2002 | 22 years | |
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Nov 2021 | Nov 2021 | LINK |
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| Quote: Lawrie L "Depression?
Not quite'"
I would describe it as one. Some put a strict definition on the term 'depression', some use it to describe the overall picture over several years. I think the description fits even if the definition doesn't.
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International Chairman | 35189 | No Team Selected |
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Feb 2002 | 23 years | |
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Jun 2023 | Jun 2023 | LINK |
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| Quote: Mark_W "Yes, it's the recession not the low intensity product on show'"
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Club Coach | 12106 | No Team Selected |
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Oct 2004 | 20 years | |
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Oct 2015 | Oct 2015 | LINK |
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| Lawrie, you're looking a bit out of your depth here lad. I'd step away now.
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Club Coach | 12106 | No Team Selected |
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Oct 2004 | 20 years | |
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| Quote: Lawrie L "I am disputing that to a certain level as doing that would devalue the pound to next nothing so that's a stupid idea'"
It's called "quantitative easing" and the mechanism involves using printed money to buy government bonds. It's been going on for a while, no secret.
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International Chairman | 18060 | No Team Selected |
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Feb 2002 | 23 years | |
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Jun 2023 | Jun 2023 | LINK |
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| Quote: Fetlar "The assumption that the official statistics are a pack of lies is, I admit, based merely on the assumption that the state is packed to the gunwales with habitual liars.
I assume you are not disputing that the UK prints money to buy its own debt. Without such an intervention the UK would be bust instead of simply trading whilst insolvent.'"
Depends on your interpretation of going concern - would the UK have greater assets than liabilities if all the assets were valued? of course it has - if it hadn't no one would buy its bonds. Far from insolvent, heavily in debt yes insolvent no where near.
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