Posts Tagged ‘ ECONOMY ’

Slovenian Banks Cause a Downgrade to BBB+ by Fitch

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  by John Galt May 17, 2013 11:15 EDT   The news from Europe and the so-called successful European Union continues on a dire path, now with the tiny nation of Slovenia following in the footsteps to slavery and a Panzerbank march to seize control of the nation’s wealth. The economic Blitzkrieg that Germany’s favorite Marxist, Herr Merkel, is executing would make Rommel jealous as now Slovenia is in precisely the same danger as Greece was in 2009. This is not a surprise as I…

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BREAKING NEWS: Holy Smokes FDIC Seizes Failed Bank in AZ on a WEDNESDAY!!!!

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  by John Galt May 15, 2013 19:00 EDT Uh, this sounds a lot like 2008 or 2009. The Central Arizona Bank in Scottsdale, AZ did not even open THIS MORNING!!!! The bank was seized last night with little warning and instead of seizing the parent company in total (Capitol Bank Holdings, Lansing, MI) this one unit was suddenly seized Tuesday night and shut down. Something does not smell right as it has always been EXTREMELY RARE for a bank to be shut down on…

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The Rat Who Keeps Escaping Every Scandal

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  by John Galt May 14, 2013 21:00 EDT There is this running theory in politics and business that if one works within the Kissinger-Rockefeller sphere of influence, that lucky soul has immunity from any event as long as the individual continues to work for the benefit of the greater globalist financial cabal. Apparently the Teflon coating is still quite intact and functional for the former Secretary of the Treasury as the scandals which happened under his watch continue to explode with fresh headlines on…

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Another See I Told You So as Merkel Faces Scrutiny over Communist Past

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  by John Galt May 14, 2013 05:45 EDT On September 11, 2011 yours truly posted the article at the link below: The Future of the Capitalist World is Controlled by 2 Students of Marx There were many comments via email that I was nuts. The sources were dubious according to their understanding and that I was simply looking to place the “Communist” tag on anyone who had a different worldview than I held. In the article I was quoting sources in Germany which warned…

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Another Friday, Another 2 Bank Failures

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  by John Galt May 10, 2013 22:50 EDT While the American Mainstream Propaganda Media continues its reporting of just how wonderful the economy is, reality at the street level, Main Street to be exact, continues to set it. What is truly amazing is the mainstream idiots think that because a bank fails now, that the American economy is “healthy” enough because it can absorb it. Really? In 2008 the same idiots in the financial media said the initial wave of bank failures meant nothing…

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As the Precious Metals Paper Market Manipulates, the Physical Counterfeit Market Expands

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  by John Galt May 6, 2013 05:00 EDT Is there a relationship between an increase in the manipulation of paper Gold and Silver prices and the sudden appearance of counterfeit coinage on the market? First, let’s review this video from the Hamilton Police Department in Ontario Canada:   The CBC broke this story in Canada on April 25, 2013 stating: “You wouldn’t be able to tell the difference (with) the naked eye. The coins are actually very high quality fakes,” Const. Mike La Combe…

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German Euro Founder Calls for End to the Currency but Can one Kill a Fallacy?

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  by John Galt May 5, 2013 20:00 EDT Tonight, Ambrose Evans-Pritchard penned an article in the UK Telegraph where the German creator of the Euro currency called for the following: German euro founder calls for ‘catastrophic’ currency to be broken up In the article it is stated that: “The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,” he said. “The Germans have not yet realised that southern Europe, including France,…

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The Dow Jones Industrial Average Reminds me of 1936

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  by John Galt April 23, 2013 05:40 EDT Unfortunately for the American public, most people do not have the asset of grandmothers or grandfathers who survived the Great Depression of the 1930′s and can remind us of what happened and how the sucker’s recovery had everyone believing things were better when in fact they were not. The mainstream media and socialist education establishment would have the average person believing that in 1935 the economic programs of Franklin Delano Roosevelt created a massive economic recovery…

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The Central Banks New Currency War on Gold and Freedom

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  by John Galt April 22, 2013 05:30 EDT The sad truth about our modern reality is that everything is fixed. Football games? Probably. Elections? Definitely. Judicial trials? If you have the money, no problemo. Stock markets? Seriously, you have to ask? Thus why the Central Banks have declared a currency war to protect their precious post-Bretton Woods period of dominance so they can continue the rape and pillaging of nation after nation in exchange for greater power at the expense of the individual citizen’s…

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Russia will Restructure Cyprus Loans in Exchange for release of Assets

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  by John Galt April 21, 2013 10:30 EDT Russia is apparently re-injecting their influence into the Cyprus crisis and with the upcoming vote on the EU/ECB bank heist agreement it is an interesting bit of timing for the Russians to do so. From VOA News: Russia Ties Cyprus Loan Terms to Release of Assets From the story: Russia wants to play a bigger part in talks over solving Cyprus’ financial problems but will only restructure its loan to the island if its interests there,…

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FDIC Fridays Return: 3 Failures so far Tonight

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  by John Galt April 19, 2013 20:30 EDT They’re backkkkkkkkkkkkkkkk…… Yes after a siesta to allow those banks which gave money to the Messiah’s re-election campaign it’s time to punish those that did not. But don’t worry gang, if your bank’s CEO didn’t give until it hurt the first time, there is always a chance to give to his library or Michelle’s dress collection. From the FDIC Bank Death List: Failure#1: Your Community Bank, New Albany, Indiana, Assumes All of the Deposits of First…

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4/19 US Markets: Expect a Rally as a Police State is Good for Business

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  by John Galt April 19, 2013 06:00 EDT   Everyone loves a market rally after a tough week and with terrorists being killed and hunted down and the prospects of a massive increase in the size of the Police State, look for all US markets to rally strong today. In the premarket, it’s looking somewhat strong: (Data from FinViz.com) History reminds us about IBM’s role in pre-World War II Nazi Germany and how many U.S. and British companies exploited the expansion of the police…

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4/17 21:28 ET BREAKING: Gold and Metals Getting Whacked Again!

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  by John Galt April 17, 2013 21:28 EDT Now the Central Banksters must be warning all their member banks to sell in unison to scare the ChiComs and Japs….   (Top chart from Investing.com second graphic from FinViz.com) That one down draft was a good $38 plus! Stay tuned because equities will follow if this evening turns into another deflationary bloodbath!!!!  

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The Upcoming Stock Market Crash brought to you by Gold

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  by John Galt April 15, 2013 05:50 EDT The bloodbath in precious metals and base metals continues this morning with gold down over $100 per oz. at one point in electronic trading in New York: (charts from FinViz.com) While many crazed souls in the precious metals community will act like a chicken with their head cut off, I simply remind everyone of what gold and silver predicted in the spring of 2008: (charts from StockCharts.com) The chart above demonstrates first a correction which was…

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How Central Banksters Crash Gold Prices in 2 Days or Less

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  by John Galt April 14, 2013 23:00 EDT If anyone thinks the world’s central banksters are not aware of the flight to physical precious metals, the following two charts from tonight, one from NetDania and one from Kitco should dispel that myth: Ouch. Double ouch. However for those holding physical gold, not paper, this should be viewed for what it is, a final chance to buy insurance before all hell breaks loose. We are one nuclear missile flying over Tokyo from North Korea or…

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The Average Person will soon Not Be Able to Afford Gold and Silver

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  by John Galt April 15, 2013 05:00 EDT There is a growing problem as the United States lurches towards its ultimate goal as a good world citizen and participant in the new world order of economic and political unity under a globalist banking system overseen by a select group of unelected political appointees. The problem is almost identical to the growing firearms and ammunition shortage in the U.S. where prices are putting many weapons and types of ammunition, when it can be found, out…

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4/9 AEP: Greece may ask for €162 Billion in War Reparations from Germany!

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  by John Galt April 9, 2013 22:50 EDT The strange world of European Union disunity continues to rear its ugly head and the long but not forgotten nation of Greece appears to be preparing to make a blockbuster claim against the nation of Germany for €162 BILLION in war reparations from Germany for World War I and World War II damages. In an article by Ambrose Evans Pritchard via the UK Telegraph this afternoon he states the following: The document – stamped “Aporito”, or…

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Apparently the Saudi Stock Market did not like our Job’s Report Either

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  by John Galt April 6, 2013 13:45 EDT   This is a small hint but tomorrow’s action when more markets are open will tell if the world wide sell off accelerates. Today’s market was down 64.36 or 0.90%.   (Chart from Bloomberg.com)

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4/3 Life in the Bullseye – South Korean KOSPI down over 1% again

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  by John Galt April 3, 2013 21:00 EDT Just wow. I feel bad for the people of South Korea and hope that all the North is doing is a game of bluster for further negotiations but many experts do not think so. Thus why the South Korean stock market remains under pressure again tonight:   Get ready for more heavy selling if there is any indication of military activity by the North….

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If North Korea Starts a War the United States Will Lose

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  by John Galt April 2, 2013 05:00 ET   At this moment, imagine the reality of the world we live in and not the dictates of the psycho-babble globalist controlled mainstream media. The Chinese Communist Party is in disarray as a new leadership is ushered into power with strong influence from the People’s Liberation Army who wishes to exert its power over East Asia and permanently eradicate the dominance and necessity of dealings with the United States. In North Korea the new leadership is…

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This is what the Real Real Estate Bottom Looks Like

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  by John Galt March 31, 2013 13:535 ET No further comment is necessary. From Zillow.com: Just wow. I’ll bet the NAR calls this “bullish.”    

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March 31, 2013: Middle East Markets Sending a Warning?

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  by John Galt March 31, 2013 11:00 ET   Happy Easter to all! I find this morning’s action overseas quite interesting, as some of the major players in the Middle East equity markets sold off with no apparent cause or news event. Are they sending a message about the start of Q2 in the inept, corrupted, and manipulated Western markets? We’ll find out soon enough as the second quarter begins and the insanity of our centrally planned economy either bears more fruit of false…

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An Old Fashioned PIIGS story as Portugal Mises Deficit Targets Again

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  by John Galt March 28, 2013 21:30 ET   Ah, the good old days. Spain can’t meet it’s goals and needs a break from the European Union. Italy can’t form a government again (again, again, again, etc…). Ireland got drunk and forgot to make a bond payment. Greece well, is Greece. And good old Portugal can’t meet the commitments they made to the IMF, EU, and European Central Bank about their deficit spending. Wait a minute, that’s exactly what El Pais reported this afternoon:…

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Slovenia is the Next Crisis for the Dysfunctional European Union

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  by John Galt March 27, 2013 22:30 ET  Bloomberg started the Slovenia hit parade not even within a day of the “resolution” to the Cyprus crisis with this article: Slovenia’s New Cabinet Under Pressure to Avoid Cyprus Fate How bad is it? Their banks need upwards of €3 billion plus with an immediate need for liquidity for their banking system of €1 billion. Of course the European Union doesn’t realize that the more matches they flick on the Balkan powder keg, the more likely…

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Angry About Bailouts? Read this and get Seriously Mad

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  by John Galt March 27, 2013 18:00 ET   The United States government has bailed out billionaires, Chinese solar companies, sex education programs, and worse. Thus the story from this afternoon’s Washington Times is only fitting as apparently there is a degenerate shortage which prevents Indian casinos from operating profitably: Indian tribes seek federal bailout money for casinos Seriously? They can’t even fix the blackjack tables like Vegas or rig the moronic video games so the house wins more? I kid you not, this…

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Cyprus Update: The EU Took €100 Million from the Greek Orthodox Church

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  by John Galt March 26, 2013 20:45 ET If anyone is under the delusion that the seizure of individual and business accounts from the banks of collapsed nation is where the evil and corruption will stop, here’s a shock for the readers courtesy of the Cyprus Mail: Church says it will lose €100m This so-called “bail-in” designed only to protect the hedge funds of the European and British money center banks scalped the one entity which could help the poor during the nations transition…

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March 26, 2013: New Dow All time High today, Happy Days are Here Again!

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  by John Galt March 26, 2013 17:30 ET     Today the Dow Jones Industrial Average closed at a new all time high of 14559.65. To add some perspective to this resurgence in the market and what happens when government and the Federal Reserve meddle, I thought a visit to economic disasters of the past might be in order: I don’t think that any other comments are necessary. Just beware the consequences of manipulated markets and the rush to the exits when everyone who…

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When the Watchmen Go Silent

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  by John Galt March 26, 2013 05:00 ET    Acts 20:29 For I know this, that after my departing shall grievous wolves enter in among you, not sparing the flock. - King James Bible “Authorized Version”, Pure Cambridge Edition .. “airpower holds out the hope to the nations that, in the future, air battles taking place miles away from the frontiers will be so decisive and of such far-reaching effect that the nation losing them will be willing to capitulate without resorting to a…

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Perhaps Cyprus should call 1-800-ICE-LAND

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  by John Galt March 24, 2013 20:30 ET   As of just about 40 minutes ago, it would appear that the European Union has imposed another deal on the tiny island nation of Cyprus. There will be more details forthcoming but in the end, the European hedge funds and banksters will wrestle control of the sovereignty of another nation away from its people as they have in Greece, Ireland, Italy, and Spain. The obvious alternative for the people of Cyprus to indeed become the…

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03.23 Cyprus News Flash: IMF Blocks Agreement on Cypriot Bank Bailout

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  by John Galt March 23, 2013 17:55 ET   From China Radio International English News  approximately 40 minutes ago: IMF Blocks Cyprus Bailout Agreement The International Monetary Fund (IMF) is blocking a bailout agreement for Cyprus by insisting the merger of the Mediterranean island’s two largest banks, the official Cyprus News Agency reported on Saturday. The agency quoted a senior official of the Cypriot side in the negotiations with international lenders as saying that “we are not even near an agreement with the troika.”…

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Greek Bondholders about to Learn the Pain of being ‘Chryslered’

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  by John Galt March 23, 2013 01:00 ET   When in the issues of man versus government, freedom against the rule of crony capitalism, and the rule of law versus any nation’s corrupted system, there is apparently one solution to cure all the problems: Chrysler the plaintiffs. What is Chryslering? It is a new verb that most Americans are familiar with from 2009; at least to those retirees who are now bagging your groceries or asking if you would like to taste the deli…

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And now the Other Cyprus Chimes in on the Crisis

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  by John Galt March 21, 2013 21:30 ET   If anyone thinks that the government and people of the Greek portion of Cyprus are friends of the United States/European Union banking cartel, I must remind my readers that Cyprus is actually two nations divided along religious and ethnic lines. The reality of what this now important island nation looks like from a geopolitical point of view is best pointed out in the map below: (map courtesy of PSEKA.net) The Turkish government has been maintaining…

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Sequestergate Update: 7 States now gone from the Union

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  by John Galt March 2, 2013 12:30 ET     Despite the best efforts of our noble “I am not a Dictator” President of these United States of America, due to the now ongoing sequester crisis 7 states are now gone from the Union. It was my hope they might include such losers as California, Illinois, Maryland, Massachusetts, Vermont, Connecticut, and God I had hoped New York. Unfortunately, it looks like we’ve lost some of the good ones, including: Outer Mongolia New Zealand Fiji…

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2 Things You Need to know about the Markets in March 2013

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  by John Galt March 1, 2013 05:30 ET   The markets are at a face palm railroad crossing and unfortunately most market participants and gurus are missing the warning sign. First and foremost is that gold has shifted from its safe haven status to a full blown predictive indicator of approaching economic and stock market action. At this moment the declines in gold are not stating we are in the great hyperinflation but in fact possibly heading towards another period of deleveraging and deflation…

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SEQUESTER HOUR +5 UPDATE: Yes Mom, We’re Still Alive

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  by John Galt March 1, 2013 05:00 ET   A quick report from Florida after the disaster which was purported to end all life on earth at midnight last night if one believes the White House and mainstream media: 1. All warm blooded animals still appear to be alive and normal at my location. No blood on the floors, no appearance of irregular heartbeat, just one human with a mild hangover. 2. All cold blooded animals, condition unknown because I’m not checking on snakes…

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California goes Full Bore Polish Pistol

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  by John Galt February 28, 2013 20:55 ET   Really California? I know you elected Governor Moon Beam because pot was legal and y’all can get so wasted that your brain cells melt together into a funky cinnamon flavored tapioca pudding, but this one almost takes the cake (sorry, bad phrasing, I know y’all get the munchies all the time out there): It’s official: Gas tax going up The story at the link above from the San Diego Times Union really blows my mind.…

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A Perspective on Sequestration from the Cockpit of the F-35 Joint Strike Fighter

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  by John Galt February 28, 2013 20:30 ET   There is a crash about to happen yet no one understands the noise nor will hear it. The United States of America is about to pay a $150+ trillion bill for decades of arrogance, waste, and spending on foolishness which will result in the collapse of Imperium yet the citizens as usual will never know it until the barbarians are inside the gates. The crash is not financial or economic. Sadly, it is the worst…

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At Midnight Tonight, Every, Man, Woman, and Child in the United States is Fired from their Jobs

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  by John Galt February 28, 2013 18:45 ET   The dumb Communist Bitch from California said so it must be true:    

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02.24.13 AEP: Here Come’s the Trade War

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  by John Galt February 24, 2013 16:15 ET   The economic landscape continues to evolve within this manipulated market realm under the guise of capitalism yet few commentators beyond Rick Santelli at CNBC and Ambrose Evans-Pritchard of the U.K. Telegraph are willing to step outside the accepted norm and offer blunt commentary about the upcoming risks and eventual conclusion of the great Ponzi scheme concocted by the world’s central banks. Tonight’s edition from AEP is no exception: Trade protectionism looms next as central banks…

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