Everything posted by Queanbeyan Demon
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Another Baby for Max
Poor Jess, she's now got four kids under the one roof, George, Louis, Max and Clayton.
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Salem’s Long Journey Back
I read the thread title and thought is was the new Francis Ford Coppola movie.
- TRAINING: Friday 15th December 2023
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2024 Preseason Camp in Lorne
And here's me thinking I was your only one @WalkingCivilWar. #Heartbroken Xmas
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Another Baby for Max
Can we place Jess in witness protection? Or as they used to say in the Sporting Globe Racing Guide, "keep safe".
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Kossie's having a baby
can someone post the pickie here please?
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Moves the Club Should Make in 2024
[censored]. Max should be calling for a head count.
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Moves the Club Should Make in 2024
I've heard Plugger Mac and BBB are training the house down and slotting them from the hotdog stand. As usual, the HS is making it up as they go. Not me however.
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Ted Fidge’s Health
Both the boys had careers wrecked by injury. Tough business VFL/AFL. It wasn't for lack of talent or commitment that they played so few games. A real shame. I think John went on and kicked a truck load of goals in SA. I can't remember who we were playing, but Rino Richards and the Fidges were running around next to Tempo at one stage. I remember thinking with this talent we would get on a role. Alas.
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2024 Preseason Camp in Lorne
I'd much rather my first experience of Steven May be in a coach ride to Lorne than on the training track thank you very much.
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PRESEASON TRAINING: Closed Sessions at Casey until 2024
He's using a toddlers keyboard.
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PRESEASON TRAINING: Closed Sessions at Casey until 2024
Makes sense it's behind locked doors. Cos the rest of the comp has know idea about our ineptitude inside F50.
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Dees Young Core Ranked 15th for 2024
Hi everyone, I'm Seb and I wear my pants pulled up to my armpits with my stripped short sleeved shirt tucked tightly into my daks. Everyone on 'Land: Hi Seb.
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New to the Demonland Podcast - Who are the Presenters?
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If we miss the final 8 next year then ...
People got absolutely no comprehension on how the loss of Pedo and Juice have effected our club.
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Harley Reid
Irritable bowel syndrome maybe?
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2023 MFC Financials
Great point @pitmaster. It's one of the great myths that "we are leaving debt to our children to pay." Firstly, in a crisis such as a war or a pandemic, government creates money that is used to stimulate the economy. In practical terms, this usually means creating additional resources (in the case of a war) or limiting the amount of people at risk of unemployment in the case of a pandemic. The facts are these: Australia’s debt was 120 percent of GDP at the end of the Second World War, yet the economy grew by an average of 4.2 percent in the 1950s and 5.3 percent in the 1960s[1]. Tax receipts rose as a result, which had the effect of reducing the debt. Secondly, even allowing for the government paying interest on its debt, these payments create additional wealth by flowing back through to the economy. So as the government pays interest, on the other side of the ledger, citizens collect income. This income flows back through the economy as financial activity and indeed, results in higher tax revenues via transaction taxes such as the GST and stamp duties for instance. Indeed, the holders of government debt tend to be more wealthy individuals who are going to be subject to higher levels of taxation on the income received from the dividends on the government bonds. This tax is then reinvested by the government in public infrastructure that is passed on to future generations. Classic examples of this inter-generational wealth building is the Sydney Harbour Bridge, Snowy Mountain Hyro-electric scheme and the NBN. These are physical assets that leave future generations better off than the ones that proceeded them. Thirdly, depending on how the inputs are used in the calculation, between 30 and 40 percent of all money created by the Government is returned to it in taxes[2]. So the debt is not the same number as the money created or borrowed. Put simply, for every dollar the government creates, it only has to fund (create and borrow) 60 to 70 percent of the money in reality. Keeping people employed is the best way to ensure that future generations are not burdened with unsustainable welfare payments to a generation of unemployed, or unemployable, citizens. [1] “Fact Check: Did the Government Inherit the 'Worst Set of Accounts' in History?” ABC News. Australian Broadcasting Corporation, March 3, 2016. https://www.abc.net.au/news/2015-03-18/fact-check--australia27s-economic-inheritance/6162670?nw=0. [2] “Taxation Revenue, Australia, 2019-20 Financial Year.” Taxation Revenue, Australia. Australian Bureau of Statistics, April 27, 2021. https://www.abs.gov.au/statistics/economy/government/taxation-revenue-australia/latest-release#:~:text=Total taxation revenue collected in.
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2023 MFC Financials
Yes, indeed @Little Goffy. During the pandemic the Commonwealth sold government bonds, valued at billions of dollars, at a negative interest rate. Or put in simple terms, people and institutions actually paid the government to take their money. So some of the government debt is actually making money. And even bonds that were sold at one or two percent interest rate are still making money because: a) inflation has eaten away at the value of the debt, and b) the strength of the economy after the pandemic has meant government receipts (i.e. tax collection in it's various forms) are much higher than budgeted (between 3-6% higher). This means the government can buy back the bonds - making a tidy little profit on the side. Quite amazing really.
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2023 MFC Financials
Rounded up, Australia's government debt to GDP ratio is 38 percent. Remarkable low by both peak historical standards and compared to our major trading partners and other developed countries. https://www.abs.gov.au/statistics/economy/government/government-finance-statistics-annual/2021-22 Despite the rantings and ravings of those in public life, Australia is in remarkably good shape financially. And anti-intuitively maybe, the debt to GPD ratio is dropping quickly due to inflation being higher compared to its average of the last 20 years. So, in short, there's more than enough liquidity to build a home stadium in Melbourne, and Alice Springs.
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2023 MFC Financials
Point of order Chair - neither the state or the Commonwealth are "broke".
- PODCAST: Jason Taylor Interview
- PODCAST: Jason Taylor Interview
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Jackson Haul - Just wait 5 years…
[censored] - I hope @WalkingCivilWar hasn't had a cardiac arrest reading this. You okay dear?
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Max Promises Tough Love this Preseason
There are two highways to hell . . . one of them is for any sane person who reads this thread.
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Best AFL Umpires. Your thoughts?
Harry was a complete legend @chook fowler - good get. His career post umpiring was spectacular. Had a brilliant grasp of the game, terrific report with the key people in the game, always respectful and dignified. Worked hard. Interviewed the 12 coaches every Friday then played the interviews Satdee on 3AW before the game. Sensational. His calling of 'Snake' Baker in '77 were probably the best footy calls I have ever heard. Special mention to Stevic - his handling of that $%^& wit Green was brilliant.