ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 04 05:41

Keiser Report: Dotcom Bubble 2.0?

Jun 03 18:07

Draghi confesses: Eurozone needs ECB cash

Jun 03 13:56

When Not To Go Short Volatility

The VIX is a supposed “volatility index”, but it does not really measure actual volatility. Instead, it measures what options traders think about volatility. All of the various investment vehicles that have popped up in recent years that are tied to the VIX have enabled traders to go long or short “volatility” with relative ease compared to a few decades ago.

Jun 03 12:52

Haunting Photos of #Carmageddon: Hyundai Gets Crushed, as GM, Ford, Others Struggle

Factory-fresh Hyundai cars stored on vast new gravel lots near the Mexican border.

Jun 03 12:20

China’s next step to destroy the dollar

Jun 03 11:32

You Didn’t Hear About It, But Every Oil Pro Is Watching This Gov’t Decision

It barely got any coverage in the press this week. But one of the biggest happenings in oil just came down, in a place everyone in the petro-world is looking at.

Jun 03 11:24

Less Than Zero: How The Fed Killed Savingby Tyler Durden

The other day I was in my local branch of a Too Big To Fail bank where I have a few accounts. One of them is a savings account in which I keep some of my "dry powder" cash stored.

It had been a while since I had checked what kind of return the savings account offered. I knew it was pretty low, but there have been a few Fed rate hikes since the last time I had checked. So I asked the teller to look up the current rate the account was yielding.

Any guesses?

It's 0.06%.

Not 0.6%. And definitely not the 6% I remember receiving when I was a teenager. 0.06%.

As in, put $100,000 into your savings account and get back a whopping $60 per year.

Jun 03 11:16

GOLD, SILVER or BITCOIN-CRYPTO CURRENCIES: Where Will The Big Money Be Made?

When the Central Banks finally lose control of propping up the markets, will the BIG MONEY be made in owning gold, silver or crypto-currencies? This is the question many investors who are focused on “alternative assets”, outside the typical mainstream stock, bond and real estate markets, are asking.

Jun 03 11:15

Escalated US War on Syria Likely

In March 2011, Obama launched war on Syria, using ISIS, al-Nusra and other terrorists as imperial foot soldiers.

The aim then and now is destroying Syrian sovereignty, ousting Assad, replacing him with a pro-Western puppet, eliminating an Israeli rival, isolating Iran ahead of a similar scheme against its government, and claiming another US imperial trophy.

That’s what the war is all about, orchestrated by Hillary Clinton as secretary of state. There’s nothing civil about it – one of many Big Lies about what’s going on.

Russia’s good faith efforts to resolve things diplomatically are consistently undermined by Washington and its rogue allies – NATO, Turkey, the Saudis, Israel and others.

NATO’s announced escalated “fight against terrorism” beyond its current involvement in Syria and elsewhere, along with the enormous arms deal Trump arranged with Riyadh is bad news for hoped for Middle East peace.

Webmaster's Commentary: 

I don't know what the Vegas odds are concerning US/Russian military starting to trade fire in Syria, but were I a betting person, I would bet that those odds are pretty good for something like this happening, and soon, unfortunately.

I have a really hard time believing that the senior NATO Command really wants a war with Russia over Syria, but apparently, and most unfortunately, this is where things appear to be headed right now.

Jun 03 10:42

Weather Channel Founder Backs Trump, Tells The TRUTH About Global Warming…

Listen to Weather Channel Founder on How the HOAX Began.
http://thetruthdivision.com/2017/06/just-weather-channel-founder-backs...

It turns out that the government has been manipulating climate computer models. This means that the American tax payers are being charged $4.7 billion a year in taxes that are being used to fund organizations that carry out meaningless studies based on bad science. Basically, the American people are paying fake scientists to lie to them.

Government actions to counter “carbon pollution” have raised the cost of fuel, electricity and food by an average of $1000 per year for an average American family of four. If that family of four would only open their Internet browsers and see that the Antarctic Sea is at an all time high and sea levels are rising at an “alarming” rate of around 6 inches per century, they would feel outraged that they’re being taken advantage of, at least one would hope.

Jun 03 08:45

Despite the Hype, Italy’s Banking Crisis Metastasizes

The government’s giant debt is already “vulnerable to market turbulence.”

Jun 03 08:16

How Did Puerto Rico Go Bankrupt?

Puerto Rico starts $70 billion bankruptcy proceeding, biggest ever for municipal bond market

Jun 03 08:04

The Fed's $16 Trillion Bailouts Under-Reported

The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media - albeit the results are undoubtedly newsworthy. It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.

Jun 03 07:56

The Bankers Behind the Financial Crisis Actually Got Promoted

By now it's well known that no senior bank executives went to jail for the fraudulent activities that spurred the financial crisis. But a new study shows many of the senior bankers most closely tied to pre-crisis fraud didn't suffer one bit in the aftermath. They mostly kept their jobs, enjoying the same kinds of opportunities and promotions as their colleagues.

Jun 03 07:14

Toyota sells all shares in Tesla as their tie-up ends

Toyota Motor Corp (7203.T) said on Saturday it had sold all shares in Tesla Inc (TSLA.O) by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles.

Jun 03 06:16

San Francisco mulls ban on delivery robots

Jun 02 15:52

Almost half of Americans die nearly broke

Jun 02 15:47

Britain’s Growing Hunger Crisis: Food Banks Distribute 1.2mn Emergency Parcels In 1yr

The number of food banks in Britain has risen to more than 2,000, with demand for emergency food parcels growing for its ninth year in a row.

Jun 02 15:46

Shocking New Figures Reveal Almost 50% of Americans will Die Poor

According to the National Bureau of Economic Research, almost half of all Americans will die poor.

Jun 02 15:43

The World's Top 10 Banks

Jun 02 15:07

Bob Marley’s Son Buys High Times Magazine

Jun 02 13:40

The Economy Is Imploding So Quickly That It's Time To Think About Preparing

ADP employment surges despite Challenger reporting a 71% jump in job cuts. Radio Shack, Michael Kors and many other retailers are closing a vast amount of stores.

Jun 02 13:11

Projecting the Price of Bitcoin

The wild card in cryptocurrencies is the role of Big Institutional Money.

Jun 02 13:09

Oh My, Those Conflicted American Consumers….

The divide in economic confidence has become extreme.

Jun 02 12:49

Russia Preparing Response to N Korea-Related US Sanctions on Russian Companies

Moscow is considering appropriate response to the latest US sanctions against Russian companies but does not want to bring bilateral relations to an impasse, Deputy Foreign Minister Sergey Ryabkov told Sputnik on Thursday.

"We will be determine our answer based on the need not to drive our relations completely to a dead-end and work on the prospect of improving them. Today's actions of the US Treasury do not help accomplishing this task," he added.

Moreover, the Treasury sanctioned Russian, Chinese and North Korean nationals in connection with Pyongyang’s ballistics and nuclear programs. The individuals sanctioned were Igor Aleksandrovich Michurin of Russia, Ri Song-hyok from China and Kim Su-kwang from North Korea.

As a result of the sanctions, all of Michurin and the companies’ assets subject to US jurisdiction are frozen and US companies are prohibited from doing business with them.

Webmaster's Commentary: 

And the US Treasury Department can prove that these individuals are colluding with North Korea and enabling its weapons program...how, please?!?

Where is a shred of evidence that this is happening, because absolutely nothing has been put into public discussion about why these people, and companies, are being sanctioned by the US Treasury Department?!?

In short, the US Treasury Department is doing this because it can, to further demonize both Russia and North Korea.

Jun 02 12:35

Scott Adams: Betting on Climate Change

Did you notice the stock market rising sharply after President Trump announced he would pull out of the Paris Climate Accord and – according to CNN – destroy the entire planet? Markets are irrational, but still, it’s hard to reconcile a decision to destroy civilization with a rise in investor confidence.

What should I make of the fact so many citizens say global warming is an existential danger while the people who have money are (apparently) betting against it? How does that make sense?

Jun 02 10:43

When the "Fix" Increases Systemic Fragility, Things Fall Apart

All the "fixes" have fatally weakened the real economy, and created a dangerous illusion of "wealth," "growth" and solvency.

Jun 02 09:50

Hasse hires scrapers as a dwelling place for beggars

Under a motorway bridge, 23-year-old Dimitri is sleeping in her new home - a scrap-ready car in a secluded parking lot.

An alternative housing market for poor EU migrants is growing when anonymous registered cars are now being sold as housing.

The car dealer Hasse Stenberg, 63, is one of the profit-makers in the new market.

"I enjoy life and travel on a cruise and then, or a boat trip out to sea," says the heavily indebted car goalkeeper in interrogation.

Jun 02 09:36

Shocking New Figures Reveal Almost 50% of Americans will Die Poor

According to the National Bureau of Economic Research, almost half of all Americans will die poor.

Jun 02 09:06

POLICE STATE: WHY JAILS ARE BOOMING

It’s impossible to discuss reducing incarceration without acknowledging that the bulk of imprisonment happens in local jails. Federal penitentiary rates have dropped since peaking in 2009—though, under Attorney General Jeff Sessions, that may soon change. State prison rates have come down “modestly” overall, reports the Sentencing Project, and some states can boast double-digit decreases since the turn of the century.

City and county jails, meanwhile, have been bloating. Roughly two-thirds of states have seen jail populations at least double since 1983—a dozen have seen jail populations triple.

A new report from the Prison Policy Initiative examines the reasons behind this explosive growth. Perhaps unsurprisingly, it’s not driven by crime. Crime rates nationwide have dropped over the past few decades, as have conviction rates in court. So then why do jails keep swelling?

Webmaster's Commentary: 

The American prison system is completely dysfunctional, period, end of discussion; if you don't understand that, look at the recidivism rate for this country:
The Bureau of Justice Statistics has finally released new information on recidivism rates among former prisoners in the U.S.—and while the numbers, aren’t necessarily surprising, experts say, they are disturbing. The study, released Tuesday, tracked 404,638 state prisoners from 30 states who were released in 2005. It found that 67.8 percent of them were re-arrested within three years of their release and 76.6 percent were re-arrested within five years. Of the latter group, more than a third were re-arrested in the first six months after leaving prison, and more than half were arrested by the end of the first year, showing that the rate of recidivism was highest during the first year and declined every year after that.

I have what I would call a "hug and a punch" relationship with the work of film maker Michael Moore; that being said, I found his documentary "Where to Invade Next", released in 2015, to be nothing less than a stroke of genius.

One of the segments was on a prison in Sweden, and how prisoners were treated there. The treatment was humane, and the prison had more of a campus-like atmosphere. Family visits were encouraged, and the big push is for as total a rehabilitation of each prisoner as is humanly possible.Sweden has done for its prisons what the US government will not

The Swedish numbers on recidivism speak for themselves. So at the end of the day, I have to ask myself; why is the American penal system pathologically incapable of learning from systems which are working far better to prevent American criminals, who have done their time, not to re-offend?!?

Jun 02 09:05

RIPPLE Crypto-Currency Up 20% Today….. It’s The Wild West Out There

After the crypto-currency, Ripple, fell 12% yesterday, it surged over 20% in trading today. Folks, it’s the Wild West out there in crypto-currency land. I have been spending some time looking into these crypto-currencies because there seems to be a great deal of mystery behind them. And I like looking into and solving mysteries.

Jun 02 08:42

People Not In Labor Force Soar By 608,000

In May, a whopping 608,000 American exited the labor force, as the number of people not in the labor force surged to 94.983 million, up from 94.375 million in April.

Jun 02 08:41

Deutsche Bank Trader Admits To Rigging Precious Metals Markets

After months of "smoking guns" and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected - the biggest banks in the world have conspired to rig precious metals markets.

Jun 02 08:15

Which U.S. Jobs Are Disappearing Fastest?

Jun 02 04:29

The Elderly: Preventing America From Becoming Great Again

Manchester Alderman Chris Herbert wants the elderly to GET OUT

(*what this alderman said is sure to drive libretards out of their gourds)

Jun 02 02:12

Uber burned through almost as much money as NASA last quarter

Uber reported yesterday that its NET LOSS totaled more than $700 million last quarter, despite pulling in a whopping $3.4 billion in revenue.

(This means they spent at least $4.1 billion!)

Jun 01 20:21

Globalist plan to sink the economy of America into a final death rattle has been rejected by Trump.

June 1, 2017, a day that will live in infamy for the liars, thieves, and killers of the new international economic order. They will see it as infamy, because their plan to sink the economy of America into a final death rattle has been rejected by Trump.

Jun 01 15:29

12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here

Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all. U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of just 1.33 percent that we saw over the previous ten years.

Jun 01 14:56

Another U.S. retailer closing 40 stores

Jun 01 14:55

June Gold Contracts Changing Hands Actively

Jun 01 14:36

This Is Why The Dollar Empire Is About To Fall

The EU is pushing the UK to pay for everything to leave. This is more about trying to keep the UK from leaving. Banks are now reporting that revenue will be much lower now and moving forward.

Jun 01 14:12

Does Weak Box Office Reflect Weak Economy?

Jun 01 13:56

When Does Buying Gov’t Bonds Support Corrupt Governments?

The president of Venezuela’s opposition-run Congress led by Julio Borges came out and accused Goldman Sachs of “aiding and abetting the country’s dictatorial regime” after a report that Goldman had bought $2.8 billion in bonds from the cash-strapped country at 31 cents on the dollar. They paid $865 million.

Jun 01 13:03

High-Touch, Low-Touch and the Relentless Automation of Jobs

The existing platforms of for-profit cartels/monopolies and the central state are no longer able to provide enough paid work and high-touch services for everyone.

Jun 01 12:51

The Numbers Are In: A Single-Payer Health System in California Would Cover Everyone and Save Tens of Billions a Year

Almost all Californians and California businesses will see lower health care costs under a single-payer system, according to a fiscal analysis presented Wednesday by the bill’s sponsor and the California Nurses Association. The exceptions are the top 10 percent, individuals making $340,000 or more annually; and the most profitable firms, where a proposed tax surcharge on earnings could exceed savings from no longer paying for their employees' health plans.

The analysis was done by a team led by Robert Pollin, the co-director of the Political Economy Research Institute at the University of Massachusetts and a former UC Riverside faculty member. At a Sacramento press conference, he explained how a single-payer system would enable all Californians to be completely covered. That includes 3.7 million currently uninsured residents and another 12 million who are underinsured, meaning they cannot afford their policy’s co-pays and deductibles.

Jun 01 11:23

Homelessness In LA Jumps Over 20% In 1 Year

The homeless population in Los Angeles County, California went up 23 percent in 2017, quadrupling last year’s percentage increase. The fastest growing demographics were young people, Hispanics and military veterans.

Jun 01 11:06

Tulsi Gabbard - Break Up the Big Banks

Jun 01 10:36

Venezuela devalues currency in crisis dollar sale

Crisis-hit Venezuela devalued its currency by 64 percent in a dollar auction that aimed to stabilize its foreign exchange market, officials said Wednesday.

Under an overhauled official exchange system, the government let investors bid for the dollars at a new higher rate in what President Nicolas Maduro said was an effort to undermine the black market.

It was the latest in a series of moves to ease a crisis in a country stricken by soaring inflation and shortages of food and medicine.

Jun 01 10:29

Snubbed! Furious Juncker vows Brussels will BLOCK trade deals between US and EU states

FURIOUS Jean-Claude Juncker last night lashed out at Donald Trump’s attempts to sideline the EU and vowed Brussels would move to block any attempted trade deals between the US and member states.

In a rancorous speech the EU Commission chief accused the eurosceptic President of giving him the “cold shoulder” and ignoring the role of eurocrats in running European trade negotiations.

Mr Trump has openly stated previously that he prefers dealing bilaterally with countries on a one to one basis and is not a fan of overbearing supranational structures like the EU.

Webmaster's Commentary: 

And Junker is going to do this...how?!?

By preventing individual EU members from trading bilaterally with the US?!?

I think this guy needs a reality check; I seriously doubt this attempt at restraint of trade is actually going to happen.

Jun 01 10:18

SOROS: THE EUROPEAN UNION IS NOW IN AN "EXISTENTIAL CRISIS" AND TRUMP'S AMERICA IS A "HOSTILE POWER"

Commenting on the current state of the European experiment, George Soros warned the European Union has plunged it into an existential crisis as a result of "dysfunctional" institutions and austerity mandates, and will require the bloc to reinvent itself to survive. Speaking at the Brussels Economic Forum, the billionaire investor said the EU had "lost its momentum" as he urged policymakers to abandon hopes of "ever closer union" driven by a top-down approach from Brussels, a statement which will likely displease Germany.

"The European Union is now in an existential crisis," Soros told a Brussels audience. "Most Europeans of my generation were supporters of further integration. Subsequent generations came to regard the EU as an enemy that deprives them of a secure and promising future."

Webmaster's Commentary: 

Mr. Soros, a word, please; the concept of the European Union, and the reality of what it has become, are two completely different creatures.

The entire concept of a European Union was doomed from the start, and the uber-administrators in Brussels, writing the rules, have little or no understanding of what their dictates are doing to murder businesses (except for the too big to fail banks)

There is no democratic voting on EU regulations, which makes the EU a completely dictatorial in all but name.

Any "reinvention" of the EU will have to have complete accountability to the countries which choose to take part in it, period, end of discussion; unfortunately, however, it may be too late in the game for this to get accomplished.

Jun 01 10:12

CNBC - $100k Bitcoin in 10 Years

Synopsis: According to an analyst who correctly predicted that Bitcoin would hit $2,000 this year, told CNBC yesterday that Bitcoin could hit $100,000 in the next 10 years.

Jun 01 10:11

Bitcoin is at risk of no longer being the biggest digital currency

Step aside, bitcoin. There’s another digital token in town that’s winning over the hearts and wallets of cryptocurrency enthusiasts across the globe.

The value of ether, the digital currency linked to the ethereum blockchain, could surpass that of bitcoin by the end of 2018, according to Olaf Carlson-Wee, chief executive officer of cryptocurrency hedge fund Polychain Capital.

Jun 01 09:28

GM announces more layoffs in Michigan

Jun 01 09:26

MICROSOFT CO-FOUNDER BUILT THE WORLD’S LARGEST PLANE TO LAUNCH ROCKETS INTO SPACE

Microsoft co-founder Paul Allen has spent the last six years working on a giant aircraft capable of launching rockets to space. Today, his company Stratolaunch Systems literally rolled that plane out of its hangar in the Mojave Desert for the first time ever.

Jun 01 09:09

Trump-Phuc rekindle US-Vietnam warming trend

WTF! Sorry I had to put this one up just to see the Headline!

The Vietnamese government had much to celebrate after Prime Minister Nguyen Xuan Phuc met on Wednesday with US President Donald Trump in the White House. Business deals were signed and America appeared to offer Vietnam new strategic support in its defense against a perceived as expansionist China.

“The relationship between Vietnam and the United States has undergone significant upheavals in history, but today we have been able to become comprehensive partners,” Phuc said after his meeting with Trump.

Jun 01 07:20

US EYES $1.1 TRILLION NATIONAL SECURITY BUDGET FOR 2018

The most recent figures related to President Trump’s proposed increases in Pentagon spending, along with cuts at the State Department, show the general national security budget of the United States rising once again, with the 2018 proposal in the ballpark of $1.1 trillion. Needless to say, that’s the biggest military budget on the planet by a far measure. As the figures are broken down into their component parts, however, it becomes particularly shocking just how money is disappearing not just into the general war-fighting budget, but into related costs of having such a massive military for so long.

Jun 01 07:17

Russia confirms commitment to Paris climate change agreement amid fears of US pullout

If Putin believes in so called climate change,then he is just another NWO hack!

Russia sees no alternative to the 2015 Paris agreement on climate change, the Kremlin said amid expectations that the US may withdraw from the key emission-reduction accord.

“President Vladimir Putin signed this convention when he was in Paris. Russia attaches great significance to it,” Kremlin spokesman Dmitry Peskov told the media on Thursday. “At the same time, it goes without saying that the effectiveness of this convention is likely to be reduced without its key participants.”

He added that at the moment “there is no alternative to” the Paris convention.

May 31 14:31

Consumer credit scores to exclude some debts, liens starting July 1

Here's potentially good news for consumers: The nation's three largest credit-reporting agencies will soon exclude tax liens and some civil debts from their reports.

May 31 13:53

Study points to another advantage of the 1%: They're great at evading taxes

In his story “The Snows of Kilimanjaro,” Ernest Hemingway wrote a snappy retort to F. Scott Fitzgerald’s line about how “the very rich are different from you and me.” Yes, Hemingway’s character replies, “they have more money.”

Economist Gabriel Zucman of UC Berkeley and two colleagues add a gloss to this exchange in a new paper. The very rich also are vastly better than you and me at evading taxes, they conclude — so much better that global statistics may understate the scale of wealth inequality by as much as 25%.

“Tax evasion is really concentrated at the top of the income distribution,” Zucman told me.

May 31 12:51

Are Markets Ready for an Aggressive Agenda from the Fed?

Newly released minutes from this month’s Fed meeting outline an aggressive agenda from our nation’s central bank that could upset markets in the months to come. Officials insist the plan is cautious, and stocks rallied initially on the news. But how safe should Americans feel long-term?

May 31 12:31

Forget about Fake News... Let’s Talk about Fake Markets

The U.S. and other nations with “free market” economies got credit for defeating the communists in Russia. That is ironic, because it is now more clear than ever that western leadership actually shares the Soviet inclination for central planning, and they have been increasingly intervening in our markets since the collapse of the USSR.

May 31 11:19

Michael Kors plans to shutter 100 to 125 stores

May 31 11:16

Why an Australian Fund Manager Decided to Sell Everything

Spooked by a “housing calamity,” banks, overvalued stocks, and China.

May 31 10:00

What Are the Best Cannabis Strains for Pain?

One of the most common applications for medical marijuana is pain, whether it’s inflammation, headaches, neuropathic pain, muscle soreness, spinal injury, fibromyalgia, or cramps. Patients have seen varying degrees of success with cannabis in treating various pain-related ailments, depending on the type of pain, the intensity, and the individual’s own physiology.

This guide is informed both by user-submitted strain reviews and chemical profile data, as certain cannabinoids and terpenes are known to have areas of specialization such as pain.

May 31 09:35

Fed official says U.S. immigration crackdown could hit economy

The Trump administration's crackdown on illegal immigrants will likely weaken overall U.S. consumer spending and economic growth as those targeted for arrest increasingly choose to stay home and save more, a Federal Reserve policymaker said on Wednesday.

Millions of immigrants "are not going out and shopping, they are staying home, they are afraid if they go out they are not coming home," Dallas Fed President Robert Kaplan said when asked about U.S. President Donald Trump's months old directive.

Webmaster's Commentary: 

What a load of nonsense!

May 31 08:16

Document forgery in financial industry more common than you'd think, past employees say

Employees in Canada's financial industry are speaking out about falsifying documents, telling Go Public that potentially criminal acts — like forging and photocopying customer signatures, adding initials to blank documents and using Wite-Out to conceal information — are more common than most people would think.

"It was easily 85 per cent of the back sales team doing it," says a former CIBC financial services representative, who worked in several bank branches and noted that forging signatures on documents occurred at all her workplaces. CBC has agreed to conceal her identity.

May 31 08:16

BT considers scrapping 'gold-plated' pensions in bid to plug £14bn deficit

Former state monopoly BT is considering shutting its "gold-plated" defined-benefit pension scheme in an attempt to close its looming deficit.

BT's pension scheme deficit in 2016 is thought to be in the region £14bn, up from £10bn in 2015. Next month the telecoms giant will enter negotiations with pension trustees about the future funding of the scheme.

May 30 16:51

What next for the world of negative interest-rates?

There were supposed to be two main general economic issues for 2017. The first was the return of inflation as the price of crude oil stopped being a strong disinflationary force.

May 30 16:00

Book and video rental stores show the coming singularity. Let’s prepare now.

Summary: A new industrial revolution has begun. Here are two small examples to illustrate what it will be like. Extrapolate these a thousand fold. Then do so again. That’s what will happen in the next 70 years. Let’s start to prepare now.

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