 Nevertheless, in the particular context of insolubles, while the term transcasus does have an association with time, it does not imply any change of truth value over time. Rather the theory of transcasus held that in the proposition “This statement is false”, the term “false” refers not to the proposition in which it occurs, but rather to some proposition uttered earlier. Thus, when the liar says “I am lying”, what he really means is “What I said just a moment ago was a lie”. If the speaker did not in fact say anything earlier, then his present statement is simply false and no paradox  arises.[14]