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Global recession
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Japan Inhabitant 
It will be worse than every economic crisis we have ever seen
2020-03-30 14:02
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#1
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Costa Rica I_eat_burgers 
ok
2020-03-30 14:03
#2
NAF | 
Canada Maple_Baron 
Big if true
2020-03-30 14:04
#103
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Belgium Neo))) 
a fucking leaf
2020-03-30 17:33
#152
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Germany BIGBESTEST 
A FUCKING LEAF PepeLaugh
2020-03-31 04:09
woah, tell us more mr.economist
2020-03-30 14:04
#4
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China KoreanFan 
Buy stocks, you'll be rich later.
2020-03-30 14:04
What stocks exactly? Because 50-100% growth wont make the average person "rich"
2020-03-30 14:08
Just buy indices
2020-03-30 14:10
wait for few more weeks and buy $RCL 300-400%+ return in a couple of years
2020-03-30 18:27
leverage
2020-03-31 04:29
rich will not matter if u rot on a dying planet while the elite will ship off to mars and build their new slavery home there :D
2020-03-30 14:10
You saw Altered Carbon?
2020-03-30 14:14
#92
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Ukraine ReanuKeeves 
dont spoil
2020-03-30 15:45
Issa good 1 :D
2020-03-30 18:43
it's basically reality. exactly what will happen.
2020-03-30 18:46
infowars?
2020-03-30 15:36
funny cuz billionaire from country says that as well, pretty odd
2020-03-31 03:27
xaxaxa market still insanely overvalued
2020-03-30 14:32
sadly true
2020-03-30 14:04
Elaborate? People would want you to give some details about such bold claims.
2020-03-30 14:05
#8
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Estonia MorsAlbum 
bold claims? rofl, do u have any idea of whats going on in the world atm?
2020-03-30 14:05
No, I want him to explain it to me.
2020-03-30 14:06
#14
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Estonia MorsAlbum 
him specifically?
2020-03-30 14:07
Yes
2020-03-30 14:08
#19
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Estonia MorsAlbum 
lmao bet
2020-03-30 14:09
Massive layoffs, global consumption has drastically decreased. Tourism is pretty much non-existant. FED printing money like crazy (high risk move) Heard enough or should I continue?
2020-03-30 14:09
#21
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Estonia MorsAlbum 
bro he wanted to hear it from the first guy specifically, chill
2020-03-30 14:10
Massive layoffs, global consumption has drastically decreased. Tourism is pretty much non-existant. FED printing money like crazy (high risk move) Heard enough or should I continue?
2020-03-30 14:11
#35
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Estonia MorsAlbum 
Massive layoffs, global consumption has drastically decreased. Tourism is pretty much non-existant. FED printing money like crazy (high risk move), stimulus package giving money away inefficiently, huge costs for perishables and research which cant be 'refunded' ever, h + fent prices skyrocketing because china is the main supplier of fent and derivatives which means addicts spend a lot of "clean" money and theres 0 tax payed unless its from high tier suppliers and they launder the money Heard enough or should I continue?
2020-03-30 14:15
Massive layoffs, global consumption has drastically decreased. Tourism is pretty much non-existant. FED printing money like crazy (high risk move), stimulus package giving money away inefficiently, huge costs for perishables and research which cant be 'refunded' ever, h + fent prices skyrocketing because china is the main supplier of fent and derivatives which means addicts spend a lot of "clean" money and theres 0 tax payed unless its from high tier suppliers and they launder the money Heard enough or should I continue?
2020-03-30 14:17
Massive layoffs, global consumption has drastically decreased. Tourism is pretty much non-existant. FED printing money like crazy (high risk move), stimulus package giving money away inefficiently, huge costs for perishables and research which cant be 'refunded' ever, h + fent prices skyrocketing because china is the main supplier of fent and derivatives which means addicts spend a lot of "clean" money and theres 0 tax payed unless its from high tier suppliers and they launder the money Heard enough or should I continue?
2020-03-30 14:18
bro he wanted to hear it from the first guy specifically, chill
2020-03-30 14:48
#67
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Estonia MorsAlbum 
the original guy yeah but not the 1 i responded 2 so fuck u
2020-03-30 14:48
Massive layoffs, global consumption has drastically decreased. Tourism is pretty much non-existant. FED printing money like crazy (high risk move), stimulus package giving money away inefficiently, huge costs for perishables and research which cant be 'refunded' ever, h + fent prices skyrocketing because china is the main supplier of fent and derivatives which means addicts spend a lot of "clean" money and theres 0 tax payed unless its from high tier suppliers and they launder the money Heard enough or should I continue?
2020-03-30 14:54
Massive layoffs, global consumption has drastically decreased. Tourism is pretty much non-existant. FED printing money like crazy (high risk move), stimulus package giving money away inefficiently, huge costs for perishables and research which cant be 'refunded' ever, h + fent prices skyrocketing because china is the main supplier of fent and derivatives which means addicts spend a lot of "clean" money and theres 0 tax payed unless its from high tier suppliers and they launder the money Heard enough or should I continue?
2020-03-31 03:21
what you need to know? the whole world basiclly stopped because of the corona, and they print unlimited money in billions, which means centrals banks FED, Japan, Europe, create money out of air there is no way this will turn out good, that system is basiclly collapsing
2020-03-31 03:24
#7
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Estonia MorsAlbum 
yeah but thankfully we're developed enough that it shouldnt last TOO long, ~18 months if we're lucky. its a lot more extreme than the last huge recession but it wont last a couple of years
2020-03-30 14:05
It's probably going to last 2-3 years until we are back to where we were before corona. It depends on how long the lockdown etc. will go on.
2020-03-30 14:06
#17
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Estonia MorsAlbum 
at the rate our retarded world is going, most people will be infected and develop herd immunity within 6 months whether we like it or not; humans are fucking retarded unless each country applies military curfew which i doubt will happen because it will cost too much. its inevitable imo, by the time a lot of the population is already infected and dead/recovered the vaccine will still be a good few months away
2020-03-30 14:09
Oh for sure, people won't stay in their homes forever. Its against human nature. The rest of this year is surely going to be interesting.
2020-03-30 14:11
The fact is that we will have to go back to work soon regardless of how we feel about it 🙃
2020-03-30 14:18
#44
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Estonia MorsAlbum 
exactly, coupled up with the people that are just plain retarded. the world economy cannot support people staying at home for months, its a LOT better to just slowly let everyone get infected and if 0.5% of the population might die off, well thats just the best of both worlds to thin the population and save money in the context of world economy edit: i picked a fuckin great time to drop outta college didnt i, this recession will fuck over loads of people and businesses and we'll have people with 5, 10 years experience in different branches working at kfc. rent prices will go down slightly accordingly i guess, which is still horrible in certain countries/around the city that just CANNOT support living properly on min. wage
2020-03-30 14:23
Also why the fuck should we sacrfice our future for 1-2% of the population so that someone who is already old can live 1-5 more years? It's of course a tragedy on personal level, but macro perspective of what we are doing is actual insanity. Worlds officially lost it's mind.
2020-03-30 14:24
#53
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Estonia MorsAlbum 
people born as true hustlers understand this, people who arent dont understand it or dont understand anything in general at all. it prolly sounds dumb as fuck but i got corona just so i can get it over with. i have a crazy strong immune system because of stupid shit i do like eating random pills off the floor of a shopping center as a dare, or licking random shit, etc. it was worth the 99.97% risk that i won't get serious symptoms. i aint spreading that shit so its not 'selfish', i just got it and isolated and tested and for the past ~10 days ive only had slight taste and smell senses fucked up, nothing more. i understand the reasoning behind it all, because if everyone gets it at once, its gonna be hard to treat the people with asthmas and bronchitises, etc. but afaik ~10 april the curve will start to tilt downwards in prepared countries (europe lmao) and everyones gonna go out again, and we'll have another peak in the curve but its ok bc icus/hospital beds will be more available once the first wave/peak is getting over with.
2020-03-30 14:29
#86
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Denmark Xipingu 
Yep. And are looking forward to it. I'm done with this ridiculous crap.
2020-03-30 15:33
the society we knew before corona is gone forever. corona is never going to disappear, just like the flu never will.
2020-03-30 18:20
New world order is coming mens and we might have to fight for our rights
2020-03-30 14:06
No problem with fightin' mens)))
2020-03-30 14:07
#94
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Ukraine ReanuKeeves 
suicide is not the answer!
2020-03-30 15:48
Richest ppl will get richer, poor ppl will beg for mane Nothing new
2020-03-30 14:06
Richest people loses a lot of money atm also
2020-03-30 14:10
Naive thought my friend
2020-03-30 14:12
Nah, it's impossible for the ultra rich not to lose a lot as their movements impacts the market. They got ALOT of money out in time though but it's still just damage control for most of them. For every winner you have thousands of thousands of losers.
2020-03-30 14:15
A big loss is nothing if u have tons of mane
2020-03-30 14:18
Losing a billion is more than losing 25k if we compare a billionaire to me. Wealth is relative
2020-03-30 14:20
nope, the bigs will survive that, they might lose some money here and there but small and middle companies will die, which means overall big position will be better after the crisis also governments will fund big corpo first, not to let it bankrupcaty, which is another unfair advantage
2020-03-31 03:41
I dont disagree. Just saying they are not making massive gains from this
2020-03-31 09:35
#29
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Estonia MorsAlbum 
nah, the rich people like politicians and shit abuse the market and trade with insider info, its just how it works in this shit corrupted world. some rich people/companies will lose money if they want to save face, but if they dont nothing bad is gonna happen to them because people are gonna continue using these services and the worlds governments need them for the good tax income (ofc excluding those companies that pay 0 taxes)
2020-03-30 14:12
A lil confused but +1
2020-03-30 14:14
Politicians are not the ultra rich people
2020-03-30 14:15
Ye politicians are ragdolls
2020-03-30 14:16
#38
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Estonia MorsAlbum 
no shit theyre not the _ultra_ rich people, but theyre really fucking rich despite what the taxpayer forms say. the jeff bezoses of the world dont have to worry about shit because even after all this is over, even if they dont pay their employees during the crisis, they will still be alive and well and have saved a LOT of money because people will still inevitably use amazon or google or microsoft or apple, etc
2020-03-30 14:17
Ye in fact Bezos sold 30% of his stocks just before corona came.
2020-03-30 14:19
Yeah, big corps knew about the severity of this outbreak mid/late january and had a month to slowly pull out as much ad they could. They still lost money though.
2020-03-30 14:22
That still doesnt mean that Jeff Bezos in this instance didnt lose a lot of money. He did.
2020-03-30 14:21
#48
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Estonia MorsAlbum 
i dont mean it in the whole world in general. i guess im shit at explaining this in specific. i mean, compared to every other business and company in the world, the ultra rich people arent losing NEARLY as much money as everywhere else is, which doesnt count as "losing" money to me if that makes sense? if the entire world economy drops ~20% but amazon, etc only loses out 10% then i dont see that as losing money, comparitvely
2020-03-30 14:25
I'm only combatting the idea that someone they are winning on this. They are only losing less. There are a few winners though. A handful of day traders and a few banks. iirc Goldman sachs doing well right now
2020-03-30 14:26
#55
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Estonia MorsAlbum 
companies that received good bonuses from the stimulus package like boeing, etc are doing incredibly well. its generally a safe investment or bet to get an option of companies that are required for the world economy. boeing is necessary once all this shit gets manageable so that tourism and shit can be back online asap and the world economy can start rising again with some specific airlines its a 50/50 whether they'd make it out on top and thrive thru bailouts or whether they'll go bankrupt. i'd say its a safe bet to go for the high tier airlines because they're necessary and will get bailouts accordingly
2020-03-30 14:32
I'm not too certain. I personally think that was too much aid, too fast. I'm pretty afraid it's gonna backfire.
2020-03-30 14:35
#60
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Estonia MorsAlbum 
yeah no shit, you cant rly invest in things and keep them there during this whole bullshit. daytrading is the best way to go rn with the correct info and predictions
2020-03-30 14:37
Im sidelining atm as much as I can. Not gonna compete with money printing lmao
2020-03-30 14:39
#62
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Estonia MorsAlbum 
yeah its a total shitfest edit: i have a slight urge to invest in the pound a bit. with all the influx of money trying to be pumped into the economy, as well as with brexit and boris actually doing somewhat of an ok job i feel like the pound might surge after all this is over. imo boris seems like a retarded bogan like trump but he lowkey knows what hes doing and has rly good advisors in parliament
2020-03-30 14:45
I mean Bezos will just get rid of a yacht, me and you are going to struggle for living
2020-03-30 14:28
Yes, that I dont argue against. But that was the case before corona and will be after corona too.
2020-03-30 14:34
That means Germany needs a strong leader just like the one who took them out of the Great Depression so fast. The first country to beat the Great Depression thankfully to one leader who keeps having followers so many years after his death.
2020-03-30 14:10
wtf
2020-03-30 14:30
check out what is going in Hungary
2020-03-31 03:49
And people are afraid of the Virus instead of this. Jesus, people are so dumb.
2020-03-30 14:11
+1
2020-03-30 14:13
+1
2020-03-30 14:26
In Italy we say "it's smoke in the eyes of dumb ppl"
2020-03-30 14:29
Nice to see Italians also knows this.
2020-03-30 14:45
You think average person cares about economy? Why would they? If you have nothing you can loose nothing. But with the Virus you can loose your life.
2020-03-30 14:35
If you have nothing (no job as well) you have to rob something. Mass riots are coming if it stays like this.
2020-03-30 14:43
aye, Brazil prob. not a good place to be. Was just thinking more about "first world" nothing, like 25 year old student with no stocks.
2020-03-30 14:47
As if Germany had so much resources to escape a economy collapse cascade. Soon you will be living like your oriental friends, or worse.
2020-03-30 14:51
Note: I really want to be wrong. But I'm right.
2020-03-30 14:54
I am sorry but this is not true. Germany has tons of tools to tackle this. For the last 10 years we have reduced our national debt down to ~60% of gdp, while all countries around us took cheap money from the EZB laughing at us for not doing the same. These countries are nations like Italy/Spain/France who are now facing total economic collapse because they have 0 wiggle room. Normally they could inflate their currency supply, fuck over their citizens and be ok, but because they all have the Euro they won't be able to do that. It will be very hard on them. Germany on the other hand has tons of options. We could easily set up a economic stimulus package in the range of 1 trillion without much problems. Ofc I am not saying that we won't be affected, we will, but not in the range of USA/South Europe and other places, but more like China.
2020-03-30 15:09
Anyways, people will die much more from the economy collapse, than die from the virus, even if there was no isolation policy.
2020-03-30 15:16
agree to disagree
2020-03-30 15:29
I remembered you. "German minister commits suicide after ‘virus crisis worries’" euractiv.com/section/economy-jobs/news/g..
2020-03-31 13:32
#70
 | 
Europe twitchy_ 
Do you know what happened a decade ago? This is gonna be much worse, it doesn't matter you have no stocks or no debt right now, if you finish your studies but you cannot find a job your life is going to be "in pause" for some time because you're not going to be able to have enough income to buy a house, car, form a family or whatever. Is not just third world.
2020-03-30 14:53
I understand that, but having a few years pause is still better then being dead.
2020-03-30 14:58
Jermany is handling it pretty well, you will be alright.
2020-03-31 05:05
meh my life is like that right now, nothing new
2020-03-31 03:53
+1
2020-03-31 03:50
#68
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Europe twitchy_ 
Sure, a big depression is coming and everybody is gonna suffer this time, even big companies. This is gonna be like after the WW2 but with all the buildings intact.
2020-03-30 14:50
Haven't you heard the rich only get richer
2020-03-30 15:10
Have you invested yet? I felt like the biggest problems are already over (in Europe). US Stocks gonna crash pretty hard tho due to healthcare and poverty, Maybe in 2-3 Weeks
2020-03-30 15:03
Yeah guys great time to invest when the market is tankimg and huge sections of international gdp and supply chains will disappear
2020-03-30 15:11
kkkkkkkkkk
2020-03-30 15:16
Prices are low, fantastic time to invest if you have extra money
2020-03-30 18:24
your brain = absent
2020-03-30 18:54
You do realize depressions like... end, right?
2020-03-30 18:57
And companies like go under? unless they have morons like you wasting your money because depression will end.
2020-03-30 19:22
Not if you choose robust companies. the majority of companies will be fine in the long run. Depressions are fantastic investment opportunists.
2020-03-30 19:27
You know this how? you have a magic ball or something or just bought some magic eight ball. You aren't a mathematician or economist you can't predict shit
2020-03-30 19:28
LOL fucking history? No where near a majority of major companies went under in any of the major recessions.
2020-03-30 19:38
oh yeah so you got a historical magical 8 ball. my bad bro
2020-03-30 20:30
lol ok investment is all about playing the odds
2020-03-30 20:34
No surprise you're a shit investor then
2020-03-31 02:27
lol fucking moron
2020-03-31 03:00
Don't degenerate yourself like that man, we all make mistakes
2020-03-31 03:11
#123 wasnt even a valid argument you have no argument
2020-03-31 03:13
This isn't an argument, its just me trolling you because you're an idiot
2020-03-31 03:19
Been a while since I got baited Guess it was about time
2020-03-31 03:20
your ideas about investment are still trash btw.
2020-03-31 03:21
nt
2020-03-31 03:22
I don't have to try to state facts. I already did
2020-03-31 03:23
no
2020-03-31 03:23
Yes cry is free
2020-03-31 03:30
i cry
2020-03-31 03:38
Good, because its free
2020-03-31 03:49
cry is 5cents
2020-03-31 03:50
Only 5, so basically free
2020-03-31 03:50
socialism will bail out capitalism once again and the rich will stay rich while the poor get even poorer, good system.
2020-03-30 15:07
You mean the rich people will use their power over the world economy to give themselves money to make thsekves richer than they already were and the poor people believe it when other rich people says that it's socialism to use a big bank to rescue a failing economy
2020-03-30 15:13
how is corporate welfare not socialism? where do you think the money comes from? I'll give you a hint it doesn't come from the rich
2020-03-30 15:22
You're being moronic corporate welfare is corporations being given a more operable market at the expense of tax payers. Has nothing to do with your daft idea of what socialism is
2020-03-30 15:28
corporate welfare is government grants, tax cuts, it's literally socialism for the rich, and you know it, that's why you're getting defensive. Maybe you are just a closet socialist and enjoy being publically owned.
2020-03-30 15:33
You're an idiot
2020-03-30 15:41
10/10 argument
2020-03-30 15:47
Its not an argument. Idiot
2020-03-30 16:00
true, you're just mad because you have no argument.
2020-03-30 16:03
Nothing that you say to me will make me mad. I have other things to do right now and trolling you isn't one of them.
2020-03-30 16:04
stay mad, kid
2020-03-30 16:05
Ok when I'm mad I'll be sure to remember that
2020-03-30 17:33
jesus just stop, you're an idiot who tries to pretend be smart
2020-03-31 03:59
Why? Because you said so?
2020-03-31 04:24
+1
2020-03-30 18:59
+1
2020-03-31 03:56
Do you think that will there be shootings in the streets in USA with negros?
2020-03-30 15:13
#157
Rich | 
North America Gumdrop 
Who cars
2020-03-31 05:16
#88
 | 
Denmark Xipingu 
Yeah but it won't collapse. We will however enter a crisis that will last a lot longer than the financial crisis in 2008.
2020-03-30 15:34
Why
2020-03-30 15:44
#107
 | 
Denmark Xipingu 
#104
2020-03-30 18:23
Of course all the experts say that, if they said it wasn't that there would be no reason to consult them at all. source:Trust me bro
2020-03-30 18:54
#122
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Denmark Xipingu 
Alright lol
2020-03-30 19:48
#96
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Ukraine ReanuKeeves 
crystal ball?
2020-03-30 15:53
#104
 | 
Denmark Xipingu 
All the experts say it's going to last longer than the financial crisis - at least if we don't soon return to normality. Already now the economy seems to be damaged. All economy won't fall though, and that's pretty much common sense because that will start the world war that will end humanity. No one is interested in that.
2020-03-30 18:17
all planned by china i told some dogshits on hltv but they dont listen now china sold kits to spain to gain WoW foxnews.com/world/china-money-coronaviru.. this proves most europeans are with dog shit brain only few are intelligent now its being heard china is preparing its weapons god know what is gonna happen now
2020-03-30 15:51
#101
 | 
Venezuela Kremator 
At an individual level, this will fuck us anally all of us, people with nice jobs will get layoff, millions will be on wellfare so the states will spent more money on supporting wellfare than what it would have spent on old folks otherwise. At a macro level, we will be fucked up for a couple of years MAX, so what we should do is to use the time of the quarantine to learn an specialized profesion that allows us to get a decent income job to thrive in the hard times, in fact, in a couple of years we would have probably recovered more than 85% of the economy status we had prior to this, our lifestyles will come back again
2020-03-30 16:27
#105
Jame | 
Italy Laxity 
1929 2008
2020-03-30 18:18
2020 reanimating the already dead system
2020-03-31 04:04
we're the dumbest specie on this planet, we will just eradicate ourself at one point and will still laugh about it.
2020-03-30 18:55
The people that believe global warming could exponential would like to agree with you (its called abrupt climate change)
2020-03-31 05:11
at least 10% book it now fellas .
2020-03-30 19:24
who cares?
2020-03-31 02:33
#151
 | 
United Kingdom trtr098 
Depends on which country. Extra money needs to be made available and if a government is smart, they will borrow more and swallow it as national debt. Countries like Japan and US with crazy debt levels will need to do quant easing. That will obviously cause a lot of inflation and currency depreciation Eventually the laid off workers will be rehired. But in 2008 the bankruptcy and unemployment was permanent
2020-03-31 04:05
If I may ask, what was global recession like in 2008? I was less than 10 yrs old at the time and my parent's had a permanent government position so it didn't really seem to affect us that badly. Would prices of everyday goods skyrocket or interest from banks go up as well?
2020-03-31 05:17
Control
1.64
Overt
2.20
Evil Geniuses
1.71
100 Thieves
2.18
Nordavind
1.27
AGO
3.73
Bet value
Amount of money to be placed
Winning
Odds total ratio
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