/r/economicCollapse

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Articles and discussion relating to economic collapse. Topics may include (but are not limited to) inflation, deflation, the financial system, debt, economic instability and preparing for crisis.

Articles and discussion relating to economic collapse. Topics may include (but are not limited to) inflation, deflation, the financial system, debt, economic instability and preparing for crisis.

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145,108 Subscribers

7 Comments
2024/12/12
14:47 UTC

3

US Banks Are Storing Over $750B in Cash

16 Comments
2024/12/12
13:53 UTC

5

Inflating the debt away is likely not possible...

The British Empire actually provides a historical example of how to inflate the debt away. Around 2015 the UK paid off some debts coming form the Napoleonic Wars.

In the 19th century Britain did what many countries are doing nowadays, running deficits. They kept taxes low and spending high and constantly run deficits. From 1815 debt to national income was 300% and interest payments were 10%, but in 1913 it was 25% of national income with only 2% interest payments.

This path might seem handy for many nations, as it has happened obviously before already. However this time it is not possible. What many are missing is that this period, even though there was constant war, was characterized by an explosion in technology, population, sciences, trade and much more. The world had grown so much, that even the wars did not make a dent to stop this path.

This time, I do not think this is possible. Technologically we are running into a plateau. It takes exponentially more money to develop technologies that really do change the world for everyone. We quickly run into bubbles. Dot-Com, Blockchain, AI?. This rapid bubble formation indicates that we do not see even close the technological boom that happened there. I guess, those were all low hanging easy fruits back then, but that benefited almost everyone.

Additionally, population growth is the next issue. Birth rates are too low. We need migration to keep even a stable population, but this causes issues internally. Many are already starting to shift away from migration.

Additionally, Climate Change forces us to change our ways. We simply cannot exploit Mother Nature as we used to. We have to take care of here in order to not face even more economic harm. Mining, natural resources are also getting more scarce and people also do not tolerate aggressive extraction in their environment.

This might have me believe, that inflating the debt away will likely be impossible. I would love to hear your words.

1 Comment
2024/12/12
11:57 UTC

0

Inflating the debt away is likely not possible...

The British Empire actually provides a historical example of how to inflate the debt away. Around 2015 the UK paid off some debts coming form the Napoleonic Wars.

In the 19th century Britain did what many countries are doing nowadays, running deficits. They kept taxes low and spending high and constantly run deficits. From 1815 debt to national income was 300% and interest payments were 10%, but in 1913 it was 25% of national income with only 2% interest payments.

This path might seem handy for many nations, as it has happened obviously before already. However this time it is not possible. What many are missing is that this period, even though there was constant war, was characterized by an explosion in technology, population, sciences, trade and much more. The world had grown so much, that even the wars did not make a dent to stop this path.

This time, I do not think this is possible. Technologically we are running into a plateau. It takes exponentially more money to develop technologies that really do change the world for everyone. We quickly run into bubbles. Dot-Com, Blockchain, AI?. This rapid bubble formation indicates that we do not see even close the technological boom that happened there. I guess, those were all low hanging easy fruits back then, but that benefited almost everyone.

Additionally, population growth is the next issue. Birth rates are too low. We need migration to keep even a stable population, but this causes issues internally. Many are already starting to shift away from migration.

Additionally, Climate Change forces us to change our ways. We simply cannot exploit Mother Nature as we used to. We have to take care of here in order to not face even more economic harm. Mining, natural resources are also getting more scarce and people also do not tolerate aggressive extraction in their environment.

This might have me believe, that inflating the debt away will likely be impossible. I would love to hear your words.

4 Comments
2024/12/12
11:57 UTC

106

I said I hoped billionaires get heart attacks by 55 in the longevity subreddit and was reported to reddit for threatening violence.

It was in response to an article about how billionaires living longer was good for all of us. I don't regret what I said. It wasn't threatening violence. Hoping someone has a heart attack isn't violence against them They are so afraid of us that they make up that we're threatening when we're not.

78 Comments
2024/12/12
11:57 UTC

120

Systemic Failure Exposed...

7 Comments
2024/12/12
11:45 UTC

29

The Crisis of Our Republic: Why America Must Act Now to Honor Its Founding Vision

America is at a breaking point. The growing gap between the ultra-wealthy and everyday citizens, the unchecked power of Wall Street, and the erosion of trust in our institutions have created a perfect storm threatening the foundation of our republic. This is not just a financial crisis or a political one—it is a moral reckoning with the soul of our nation.

The Founding Fathers envisioned a country where power would be shared, liberty would be preserved, and no single group could dominate the rest. They fought a revolution to escape the tyranny of concentrated power, whether it came from a monarch or a cabal of elites. Today, their warnings ring louder than ever.

A Broken System

In the past year alone, Wall Street valuations have reached dizzying heights, with the S&P 500 climbing 28% in 2024. Billionaires like Elon Musk have seen their fortunes swell to over $400 billion—more than the GDP of entire nations. Meanwhile, 63% of Americans are living paycheck to paycheck, struggling to afford basic necessities in the shadow of record corporate profits.

This wealth disparity is not just obscene—it is destabilizing. Thomas Jefferson warned of such imbalances, saying: “Experience declares that man is the only animal which devours his own kind; for I can apply no milder term to the general prey of the rich on the poor.”

Wall Street has become a machine for wealth extraction, prioritizing shareholder returns and executive bonuses over fair wages and community investment. The average CEO now earns 400 times the salary of their workers—a stark reversal of the post-war era when growth was shared more equitably.

Why This Cannot Continue

The stock market is overinflated, with valuations far exceeding historical norms. The S&P 500’s price-to-earnings ratio now sits at 27.1x, well above its long-term average of 19.6x. Financial experts warn of an impending correction—a painful reminder of what happens when bubbles burst.

But the stakes are higher than just market volatility. When wealth and power concentrate at the top, democracy itself is at risk. James Madison wrote in The Federalist Papers: “The accumulation of all powers, legislative, executive, and judiciary, in the same hands…may justly be pronounced the very definition of tyranny.”

Today, the “same hands” are not monarchs but billionaires and corporations whose influence on politics is undeniable. Campaign finance laws are riddled with loopholes, enabling the ultra-wealthy to buy influence and shape policy in their favor. The result? Tax cuts for the rich, deregulation of industries, and the dismantling of worker protections.

What We Must Do

This is a call to action—not just for the downtrodden but for every American, from Wall Street executives to middle-class workers. Together, we must: 1. Fight for Economic Justice: Demand tax reforms that ensure the wealthiest pay their fair share. Close corporate loopholes and redirect those funds toward healthcare, education, and infrastructure. 2. Rein in Wall Street: Implement stricter regulations to prevent speculative bubbles and financial crises. Bring back policies like Glass-Steagall to separate commercial and investment banking, ensuring that Main Street is not left to bail out Wall Street. 3. Empower Workers: Support policies that strengthen unions, raise the minimum wage, and ensure workers receive a fair share of corporate profits. 4. Demand Campaign Finance Reform: Overhaul the system that allows money to corrupt politics. Enact public financing of elections and overturn decisions like Citizens United that equate money with speech. 5. Reconnect with Civic Virtue: The Founding Fathers believed in a well-informed, engaged citizenry. We must prioritize civic education, critical thinking, and community engagement to rebuild trust in our democratic institutions.

Why You Must Act

This is not someone else’s problem. Whether you’re a Wall Street professional or a factory worker, the consequences of inaction will touch us all. Economic inequality breeds instability, and history has shown that societies with extreme disparities do not survive.

Wall Street, too, has a moral obligation. The system that has made billionaires richer than kings depends on the labor and trust of everyday Americans. Without a strong middle class, markets will falter, and the nation will fracture. As Alexander Hamilton said: “A nation which can prefer disgrace to danger is prepared for a master and deserves one.”

This is the fight of our generation. We must decide whether we will let America slide further into inequality and division or rise together to fulfill the promise of liberty and justice for all.

The time for complacency is over. The time for action is now. Let history remember us not as the generation that watched democracy crumble, but as the one that rebuilt it stronger than ever.

40 Comments
2024/12/12
11:28 UTC

0

Get free 20$

Sign up with the link nelow and send me the screenshot when you do. I’ll send an extra 10$ on the payment type you want. http://app.raizinvest.com.au/invite/ZFNB4L

0 Comments
2024/12/12
10:04 UTC

1

What will happen to cryptocurrencies in the future?

I heard that Trump wants to get out of the reserve currency country in the future and that he wants the size of cryptocurrencies to increase to solve the US debt. That's why there are many people holding cryptocurrencies. However, there has been recent progress in the development of quantum computers. Are cryptocurrencies prepared for this? Also, will the US (even after the Trump administration) support cryptocurrencies to solve the Debt of one's own country?

9 Comments
2024/12/12
06:18 UTC

368

Healthcare and Its Victims, by Luigi Mangione

In this era of towering skyscrapers, artificial intelligence humming quietly through hospital corridors, and the endless litany of self-congratulation over the triumphs of medical science, I find myself compelled to break my silence. Our civilization boasts of its healthcare systems as if they were not only the apex of scientific achievement, but also a paragon of human morality. Yet I stand here, pen in hand, seething with indignation, filled with profound sadness, and forced at last to cast aside all pretenses. I must speak the truth: our modern healthcare system, especially in this country, is a cathedral built on sand—beautiful in its architectural conceits, but rotten at the foundation, a monument to hypocrisy and greed. Do not mistake my words as those of a lunatic or a lone fanatic. On the contrary, I have observed long and hard, meticulously compiling evidence, listening to the cries of the afflicted, and studying carefully the machinery of oppression that masquerades under the guise of healing. To some, I may appear as an isolated voice, an aberration within a culture that seems hypnotized by the glow of technological progress. But I know there are countless others who share my despair, who have looked, with aching hearts, upon loved ones left untreated, patients bankrupted by basic therapies, researchers stifled by corporate interests, and communities abandoned by hospitals that deem their existence “not profitable.” My decision to articulate this scathing condemnation arises not from hatred of humanity, but from a profound love for what humans could be if we only tore away the veil.

The Illusion of Care

We have long been told to trust the medical establishment, to believe that doctors and nurses, with their stethoscopes and white coats, stand as paragons of virtue. Indeed, many individual practitioners do sincerely devote their lives to healing the sick. But individuals alone, no matter how compassionate, struggle futilely within an institutional framework that undermines their noblest intentions at every turn. Healthcare as it currently stands is not designed to keep people healthy. It is designed to maintain a perpetual market for healthcare services, pharmaceuticals, and insurance policies. Our society brandishes statistics: improved survival rates for certain cancers, the advent of robotic surgeries, targeted gene therapies, and so forth. Yet behind these numbers, carefully chosen by public relations departments and government spokesmen, lurks a grim truth. The overall metrics of health—infant mortality rates, maternal health outcomes, life expectancy compared to other industrialized nations—tell a story of persistent failure, regression, and moral collapse. These discrepancies are not accidental. They are symptoms of a system that never had true universal care at its heart. When we say “healthcare,” we summon a reassuring image of a caring physician at a patient’s bedside. Yet, observe more closely: that bedside is now crowded by administrators, insurance adjusters, corporate attorneys, and pharmaceutical representatives. The doctor stands there, to be sure, but they are outnumbered, outmaneuvered, and often overshadowed by the intricate lattice of profit-oriented bureaucracy that defines the modern medical world. When the patient cries out in pain and seeks relief, the response that returns to them is not simply that of a healer ready to help, but of a cost-benefit analyst weighing whether their suffering is worth alleviating given the balance sheets. We are told that competitive markets improve quality and lower costs. This is the refrain of our times, the economic dogma that has been allowed to infiltrate even our perception of the sanctity of human life. But if competition were truly the engine of improvement, why do we witness skyrocketing prices for common drugs that have existed for decades? Why do hospitals close in rural areas, leaving entire regions bereft of care for hours around, simply because the population density is too low to justify investor interest? Why do insurers find convoluted ways to deny claims, to pile up obscure terms and conditions, all to ensure that their profit margins remain robust?

A System Designed to Fail

It is a mistake to call our healthcare system “broken.” To do so would suggest it once functioned well and now falters by accident. But this system was never designed to safeguard the health of the many; it was engineered with the aim of financial gain for the few. It is a labyrinth deliberately constructed of administrative barriers, obfuscated billing practices, and legal complexities. This is not an unintended consequence—this is the blueprint. Bureaucracy swallows countless billions that could have built hospitals, funded research into neglected diseases, or delivered treatments to remote regions. Instead, those billions vanish into the machinery of profit, into ever-expanding layers of management and red tape. Insurance companies have become medical gatekeepers, wielding outsized power over decisions that rightfully belong to physicians, caregivers, and patients themselves. With every referral, every denied claim, every inflated cost for a pill that costs pennies to manufacture, they tighten the noose around public health. The apparatus is designed to confuse and exhaust patients until they simply give up, accepting substandard care or crushing debt. It is a system that counts on resignation, on the quiet despair of individuals who lack the means to fight back. I have watched this unfold from the inside. I have seen the incessant forms, the endless cycles of “pre-approvals,” the letters informing patients that their treatment—no matter how necessary, how urgently prescribed by their physician—is not “covered.” I have witnessed patients be told that their life-saving procedures must wait until an elusive committee of cost analysts determines whether their existence holds sufficient monetary value. I have seen healthcare institutions, purportedly philanthropic, gleefully profit off human pain, turning patients into revenue streams rather than human beings in need.

The Human Cost of Indifference

Every abstract policy, every line of fine print in an insurance contract, has a human face attached. Behind these faceless mechanisms are real lives unraveling. Families teeter on the brink of financial ruin because they dared to seek help for a sick child. Elders ration their medication—cutting pills in half, skipping doses altogether—because the market demands a price that can mean the difference between eating and treating a chronic illness. The cruelty is not confined to one class; it spreads and infiltrates the very fabric of our communities. The supposed moral society allows these tragedies to go on, day after day, in plain sight. Meanwhile, at the summit of this colossal edifice of inequity, the executives of vast health conglomerates earn salaries and bonuses that dwarf the cost of entire medical wings. They dine lavishly, clinking glasses and celebrating their fiscal quarters while, just a few floors below, patients beg for help and healthcare workers struggle with understaffing and burnout. The irony is as obscene as it is deliberate. As some lives are prolonged with the best treatments money can buy, others are cut short by conditions easily treated were it not for the cruelty of cost-based rationing. We pour billions into the development of groundbreaking drugs, yet we erect paywalls so high that only a fortunate fraction of patients will ever see them. The promise of modern medicine lies not only in its discoveries but in its equitable distribution—a promise we have so brazenly betrayed. I have lost friends—good, hardworking individuals—who slipped through the cracks because they could not afford the tests, the scans, the referrals. I have watched family members endure humiliating phone calls, pleading with insurance representatives who could not care less about their plight. I have seen the despair etched into their faces as they realize their options have run dry. It is a quiet kind of torture, a slow, bitter death of hope and trust in a system that was supposed to provide solace, not suffering.

A Call to Arms: Revolt Against the Status Quo

Words alone are not enough, though I must start here. Actions, no matter how shocking, seem necessary to awaken a population lulled into accepting this desolation as normal. My manifesto is a desperate attempt to shake the foundations of a world that has allowed itself to be governed by heartless spreadsheets and corporate-led moral arithmetic. When I act, I do so in the name of humanity, not spite. It is not hatred that drives me, but the very opposite: love for a people who have been betrayed, compassion for those who die unremarked and unmet within the shadows of this market-driven machine. Our current passivity has been the nourishing soil in which this vile system thrives. We must not only acknowledge the problem but commit ourselves to radical, systemic changes. The solution does not lie in half-measures or superficial reforms but in a complete reimagining of how we structure healthcare. We must strip the profit motive from medicine. We must eradicate the legal structures that allow insurance companies to profiteer on misery. We must demand transparency, accountability, and equity at every stage. Healthcare should be a public good, not a speculative venture. Look at the models around the world where universal coverage is not just a slogan, but a reality. Study the nations that refuse to let a single individual go untreated because of an inability to pay. Understand that this transformation is not a pipe dream but an attainable goal, provided we have the courage to wrest power back from those who have proven, time and again, that they do not deserve our trust. We must demand that our leaders confront the issue head-on, tearing down the frameworks that perpetuate healthcare inequality. We must push for policies that prioritize patient outcomes over corporate earnings, that place moral purpose above shareholder dividends.

My Legacy and Your Responsibility

If my words and actions serve as a catalyst—if they spark a shift in your perspective, or perhaps even a grand movement—then my life will not have been lived in vain. I have chosen this moment to speak my truth because I know that many others feel it too but remain in silence, fearing repercussions, or simply overwhelmed by the scale of the catastrophe. Let my voice echo for them. Let it represent the countless silent sufferers who have not been allowed the dignity of proper care. I do not ask for your pity, nor do I seek your admiration. I do not want my name etched in stone as a martyr. Instead, I beg of you: scrutinize the system that calls itself “healthcare.” Look beyond the sensationalism that will inevitably surround my actions—spun by media outlets that rely on shock value. Penetrate the veil and see the underlying disease. Question every assumption about why a pill costs hundreds of dollars, why a specialist is out of reach, or why an insurance claim can be denied with impunity. Challenge every premise that leads to the commodification of health. I hope that future generations might look back at this turbulent era and wonder how we tolerated such cruelty under the guise of care. I hope they will marvel at how we once let human beings suffer and die while wealth piled up at the top, and I hope they will praise the efforts of those who dared to resist. If what I do today contributes a small brick to the foundation of a new healthcare paradigm, one defined by equity, compassion, and universal access, then my role in this story is meaningful. This manifesto is my final testament, my earnest appeal to the conscience of a world that has grown too comfortable with moral contradictions. Let the cost of my sacrifice be not in vain. Let it serve to ignite a transformative discussion and, more importantly, real action. The world desperately needs a healthcare system that honors its name: a system that is centered on healing and grounded in love, not money. Through this plea, I offer you a choice: continue to stand by as millions suffer, or join in building a legacy of decency, empathy, and genuine care.

In raw desperation—and with a sliver of hope—

Luigi Mangione

58 Comments
2024/12/12
04:26 UTC

4,812

America's Rasputin

Unintended consequences happen.

164 Comments
2024/12/12
04:16 UTC

0

Liberals have no common sense.

As I reflect on current events, I can’t help but see how liberal policies are creating challenges for our country. Their economic decisions, like pushing for massive government spending on initiatives such as student loan forgiveness, seem to contribute to rising national debt and inflation, leaving future generations to pay the price. In energy policy, the rush to prioritize renewable energy while restricting domestic fossil fuel production has led to higher energy costs and increased reliance on foreign resources, which hurts both our economy and security.

Immigration policies also raise concerns for me. By easing border enforcement and supporting sanctuary cities, liberals have strained public resources and compromised national security. In education, I feel that the focus has shifted too much toward promoting ideological narratives at the expense of teaching essential skills like math and science.

When it comes to crime, I believe the push to reduce police funding and implement policies like eliminating cash bail has contributed to rising crime rates in certain areas. Additionally, the growing culture of censorship and “cancel culture” seems to stifle free speech, leaving little room for open and honest dialogue.

While these policies may be well-intentioned, I think they often create more harm than good, and it’s critical to address their long-term consequences.

20 Comments
2024/12/12
03:02 UTC

247

crypto is a billionaire's Ponzi scheme, paid by scamming taxpayer dollars

Americans to bail out crypto investors is absolutely irresponsible and catastrophically stupid. People who are dumb enough to invest (speculate) in a digital currency have done so at their own risk. Trump and Republicans want to bail these billionaires out with taxpayer dollars.

Crypto-friendly bank Silvergate received $4.3B loan from the Federal Home Loan Bank to stave off a bank run. US taxpayers are now officially subsidizing crypto fraud/grift in the first US crypto-bailout, all done in plain view. So this is how liberty dies.

83 Comments
2024/12/12
02:46 UTC

1,903

Are you telling me the average person doesn’t know about this???

Now that the election is over, anyone else alarmed that when they talk politics with someone, simple stuff like this is unknown? But instead it’s more about whoever the president or incumbent majority is?

221 Comments
2024/12/12
00:40 UTC

0

Will the US be in better shape or worse shape after Trump? Why?

I’m not looking for partisan posturing. It may be hard to be objective when answering this.

31 Comments
2024/12/11
22:21 UTC

3,134

Share this everywhere especially with people who live in New York.

69 Comments
2024/12/11
22:17 UTC

12

Just gonna leave this here for later

102 Comments
2024/12/11
22:10 UTC

431

Americans and those who live in America are the easiest people to be enslaved under the disguise of freedom of choice and promise of wealth. Welcome to the Free Slaves!

WAGES Your wages are consistently being deteriorated due to inflation or taxes. To the point where now:

  • more than 50% of Americans say the live pay-to-check including folks that make over 6-figures a year
  • IRS revenue figures have passed any other historical period of time, yet our government is considering cutting down your social security programs, cutting down other governmental programs

HEALTH

  • America ranks top 5 in terms of obesity, and ranks lowest in terms of life expectancy, yet our healthcare system ranks #1 in cost
  • More than half of America is one injury, one procedure, one medical life event away from being indebted with medical

FOOD

  • There are only 10 major brands that control the entire nations food supply.
  • Every time you step into a supermarket, more than 90% of the items you can purchase are processed, out of the 10% of items that are not processed, they are using chemicals with carcinogens and often have no nutritional value

EDUCATION

  • Americans collectively owe more than 1.7billion dollars in student loans, yet our education continues to deteriorate compared to other developed nations
  • School shootings happen so often that the same day the killng of kids that were attending school occurs is overlooked by the killng of an executive who represents the 1%

TAXES

Your hard earned money will continue to be taxed to fund the billionaires companies, desires and wishes. Under the past two presidencies, there has been more financial aid to other countries that you will ever received as a nation

YOUR WAGES CAN BARELY AFFORD YOU A DECENT STANDARD OF LIVING. YOUR HEALTH AND THE HEALTH OF THOSE YOU LOVE WILL CONTINUE TO SERVE AS A WAY FOR INSURANCE AND THE MEDICAL COMPLEX TO MAKE OTHERS BECOME MILLIONAIRE WHILE THEY KEEP SICK. YOUR HARD EARBED MONEY WHEN TAXED DOESNT PROVIDE YOU WITH ANY BENEFITS BUT FUND OVERSEAS WARS TO FEED THE MILLIONAIRES OF THE MILITARY COMPLEX. But in America We Want You to be Our next Free Slaves

67 Comments
2024/12/11
21:36 UTC

208

My art [OC]

6 Comments
2024/12/11
21:19 UTC

0

Anyone feel as if todays Facebook and Instagram global “outage” was..

Some sort of test?

6 Comments
2024/12/11
21:13 UTC

5

Does Luigi Mangione Remind You of Chris McCandless (Alexander Supertramp/Into the Wild)?

I read the book Into the Wild many years ago, but one of the things that stayed with me was the psychic pain that Chris felt about societal injustices. They led him to take a solitary path. Luigi experienced great pain, but also seems to share the same psychic pain regarding how society treats people. Their actions were different, but I see a lot of overlap in how they both viewed the world.

Also smart, from financially stable families, educated, and handsome young men looking for meaning.

Is this the tipping point, where more of the rest of us walking around minding our own business start to really get frustrated and act on social disparities? Work, family, and financial obligations are a great prison to keep the majority in check, but everyone has a breaking point.

2 Comments
2024/12/11
21:10 UTC

0

C I A Attempting To Draw Maximum Benefit From Developments In Syria; Calls Declining USA Hyperpower

Sadly,

USA had the hyperpower status perhaps during the Clinton era, shortly after the fall of the USSR, but now no more.

The country is losing influence on all fronts (even military) at an alarming rate. These are facts that can easily be proven, unlike the BS below written by a delusional CIA employee:

.

Quote:

The US: The world seems to be going back to the unipolar order, but really unipolarity never ended. All the talk about multipolarity was just BS. After the fall of the USSR in 1991, the US became so dominant in the world that people needed a more extreme word to describe us than “superpower”. Someone came up with the term “hyperpower” to describe how much stronger we were than a mere “superpower”. The US is still the hyperpower of the world. China is merely a regional power. And Russia isn’t even a regional power.

1 Comment
2024/12/11
21:09 UTC

637

America, this is nuts.

I just got back to the US after having been gone for a few years. I was hungry after a long flight and picked up a sandwich, snickers bar, and some water. It was $23 just for that! No wonder Americans can't afford to live. How much does an nice meal cost here these days? I'm afraid to find out! At these insane prices, now I understand why 63% of Americans are living paycheck to paycheck.

532 Comments
2024/12/11
21:04 UTC

7,792

Looks like New Yorkers are done playing nice!

487 Comments
2024/12/11
20:51 UTC

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