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PeakOil is You

Reverse Engineer's Explanation of Markets and Investing

Discussions about the economic and financial ramifications of PEAK OIL

Re: Solutions to Global Monetary System Meltdown

Postby ReverseEngineer » Thu 18 Sep 2008, 04:55:20

$this->bbcode_second_pass_quote('Quinny', 'S')ounds to me a bit like the central tenet of Marxism.


No, that one is: "From each according to his ability, to each according to his need".

This one is: "From each accordng to his ability, to each who he feels is worthy of help, based on his feeling that person could contribute to the society, with no expectation of a financial return."

Its NOT Marxist, sorry. Drop the Red Baiting. It won't work with me. I'm a very tough cookie in this regard, strict utilitarian. I am not for supporting anyone who cannot make a contribution to the society. You don't cut the mustard, you are OUT. As in DEAD. I myself am prepared to walk into the great beyond the moment I become a drain on the society. I will give myself up to the Bear the day that happens. End of Story.

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Re: Solutions to Global Monetary System Meltdown

Postby wisconsin_cur » Thu 18 Sep 2008, 05:51:37

$this->bbcode_second_pass_quote('ReverseEngineer', 'I') am not for supporting anyone who cannot make a contribution to the society. You don't cut the mustard, you are OUT. As in DEAD. I myself am prepared to walk into the great beyond the moment I become a drain on the society. I will give myself up to the Bear the day that happens. End of Story.

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The question is who gets to decide who is or is not pulling their weight and ought to "go to the bear."

Once you open the door than it is easy to push any undesirable through that door. Armenians, Jews, Native Americans, people who are an undo drain because they have the wrong political beliefs etc etc etc...

I think it might be called "fascism" ...but I would not want to be accused of baiting.
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Re: Solutions to Global Monetary System Meltdown

Postby mrobert » Thu 18 Sep 2008, 06:28:44

The guy is pretty much right (ReverseEngineer).
We tried (and succeded in) building a society where EVERYONE can live just fine, regardless of their contribution. That worked until the time we had cheap energy and resources that allowed 1 person to create enough for X persons (where X > 1).

As resources are tight, X closes down to 1 and we start having a lot of systematic problems.

I saw a guy commenting on the failure of Lehman Brothers, that government should intervene, to help them keep their jobs at Lehman. Right, we are so dependent on the hardwork of those fine folks.

Why is it that all the companies that are now failing, seem to provide services or products that we really don't need that much, and their business worked, as long as they just could simply rip-off everyone?

Why don't we see bankruptcies in the food industry, the software industry, etc?

-----
Pretty much, everyone of us is a bank of it's own. We "lend" out our resources, trying to make a gain on them. And pretty much everyone does a great job.

Bailing out big banks is like bailing out a guy who sold everything and lost the money in Vegas. What's the point in doing that?
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Re: Solutions to Global Monetary System Meltdown

Postby wisconsin_cur » Thu 18 Sep 2008, 07:00:20

MRobert

In many ways you are right, as long as no one person, party or group is "the decider" about who gets thrown to the bears and it is left to..., well I guess left to Darwin to decide who does or does not contribute enough...

and those of us who contribute enough are allowed to show grace and mercy on those who produce, but not enough or in a way valued by society at large.
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Re: Solutions to Global Monetary System Meltdown

Postby ReverseEngineer » Thu 18 Sep 2008, 07:26:55

$this->bbcode_second_pass_quote('wisconsin_cur', '
')The question is who gets to decide who is or is not pulling their weight and ought to "go to the bear."

Once you open the door than it is easy to push any undesirable through that door. Armenians, Jews, Native Americans, people who are an undo drain because they have the wrong political beliefs etc etc etc...

I think it might be called "fascism" ...but I would not want to be accused of baiting.


I give you a lot of credit here Cur, you catch on well to the toughest part of the problem, and the tightrope I walk between Communism and Fascism. I can be hit on by either side and now you are making the anti-Fascist argument against what I am preaching here. So now I will defend that part of it. I think I covered fairly well why what I preach is not Communism already, though some folks seem to have a tough time with grasping that.

In Fascism, inside a community people decide who lives and who dies. In other words, we are overpopulated, I am in power, I don't like you, I don't want to share with you the resources, I off you. I'm not about that at all, inside my own community. Its about isolating off sustainable communities, which actually mother nature will do quite well along with depletion economics and reduced transport ability.

Here is why this is not fascism. First off, there is no need in a resource depetion situation to off people via Sarim gas or anyother mass extermnination method that fascists might use, mother nature does the job well enough on her own. You just do not need to inject yourself into that process. Second, in a fascist regime, you identify one group of people as subsiidiary to another within a society, I don;t think you need to do that at all, by race, by color, nada. People either produce or do not produce. If they produce well, they will succeed, if they don't produce well, they fail. They die. By starvation, or if they are smart enough to realize they are a drain, they terminate themselves before starving. If they are a parent who cannot provide, they terminate the offspring if they think in th future another offspring might succeed in better times, and they still are fecund.

Wealth generated through the course of a life, other than to nurture a child to be a productive citizen cannot and should not be inherited wealth. Each generation to my mind needs to start with a level playing field, after that through the course of that life it is survival of the fittest, and the weak die, the strong survive. Nature does the work of selction, not man. You do not need to be a fascist to have population control, especially in a resource depleted enviroment.

Anybody who calls me out as a Fascist or a Communist will get a serious argument from me. I am NEITHER. I am a Utiitarian and Darwinist, and I have no issues the moal problems associated with that, though I would challenge anyone to identify precisely what they are, because nobody has done that yet. Just made the Communist and Fascist arguments. Dig deep to find the real moral quandaries, and then I can try to give you a rationale for them, although I have problems with them myself. No issues with Communism and Fascism though, those are facile arguments and debates I have done many times over.

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Re: Solutions to Global Monetary System Meltdown

Postby mrobert » Thu 18 Sep 2008, 07:30:32

@wisconsin_cur:

Don't ge me wrong. It's not about who decides on who. Most of the time I say this oppinion, people start jumping on the "decision factor".

My oppinion is simple. I don't feel like supporting those that don't produce anything, through taxes, subsidies, whatever. It's not about me or anything else deciding.

It will pretty much happen. Like it or not. We are out of resources :)
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Re: Solutions to Global Monetary System Meltdown

Postby Quinny » Thu 18 Sep 2008, 07:31:00

No baiting intended, although not a Marxist myself, I have studied Das kapital and a lot of the analysis is sound. ( Marxists often make good stockbrokers. ) I don't recall 'from each according to ability, to each according to need' being from Marx himself (not Das Kapital anyway) , but its along time ago now so you might be right.

Probably the central tenet behind the economic theory is that all wealth is created by human labour.

Which is pretty much what you were saying.

I also think your utilitarian stance is fascinating, and one which I to a certain extent can go along with, but.....

If I shared say a village with you and you could no longer produce your quota of food, because say you broke your leg. I certainly wouldn't want to lose you to a bear. I'd want to help you get better in the hope you'd do the same if i had a problem. Even if you were old and knackered, though I'd probably be at the same time, I'd certainly miss your ingenuity and the discussions round the campfire.

Elderly people often have a valuable role to play in any community.

I feel the whole debate on this site is often too individualistic and although I recognise problems with social provision and dependency culture, believe it's important that we recognise that collective effort is generally greater than the sum of its parts.

Having recently met Roberto Perez one of the Cubans who helped them through their crisis stressed time and time again the importance of co-operation and community in dealing with their special time.

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('Quinny', 'S')ounds to me a bit like the central tenet of Marxism.


No, that one is: "From each according to his ability, to each according to his need".

This one is: "From each accordng to his ability, to each who he feels is worthy of help, based on his feeling that person could contribute to the society, with no expectation of a financial return."

Its NOT Marxist, sorry. Drop the Red Baiting. It won't work with me. I'm a very tough cookie in this regard, strict utilitarian. I am not for supporting anyone who cannot make a contribution to the society. You don't cut the mustard, you are OUT. As in DEAD. I myself am prepared to walk into the great beyond the moment I become a drain on the society. I will give myself up to the Bear the day that happens. End of Story.

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Re: Solutions to Global Monetary System Meltdown

Postby MrBill » Thu 18 Sep 2008, 08:16:05

Well, I can certainly point out the fascist/communist/elitist/Darwinist flaws in a very flawed argument.

To start with 'supposedly' we need a whole new currency and something other than a market economy that up until now has not only delivered higher living standards for the greatest number of people, but at the same time as population itself was growing. Hmm, if it is not broke, do not fix it.

Secondly, from a Darwinian point of view apparently RR is advocating the survival of the fittest, but he wants to reboot the system, and start with a clean slate? How Darwinian is that? In my living memory of roughly three generations my grandparents and parents have worked to put me on a path, so that I could (hopefully) survive anything that life threw at me. Sorry, but someone explain to me why I should give that up, so that I could or my children could start all over with the trailer park trash and/or share my family/community/nation's wealth with someone else, somewhere in the world that does not share my ethnic, religious or cultural beliefs? Like all subsidies, which is not Darwinist, my loss is their gain.

Back to the economic argument. Supposedly the system has failed because it has produced winners and losers. Hmm, so if I lose my job I start over. If I lose my house, I rent, and I start over. If I have no money and no job somehow, somewhere the collective makes sure I do not starve. Afterall there are some 6.7 billion people on this planet, so someone, somewhere must be producing enough food and basic services to keep them alive long enough to turn 6.7 billion souls into 9 or 10 billion of God's little children. I do not think this is an issue of production, but one of distribution, ability to pay and, of course, sustainability. Under your plan, I lose my job, I lose my ability 'to produce' and I lose my life. Possibly my children and their children lose theirs as well. Great plan. Not!

But okay, back to Darwin, now I am facing a choice of wether I let my child or my grandchild starve, so that I can share my bountiful harvest with those that have done nothing to earn it, and quite frankly as I have already mentioned do not share my ethnic, religious or cultural values? Well, screw that. I will take care of my own first thank you very much. You can confiscate my wealth - once - like any good communist or fascist - but stop advocating such lunacy and then saying that you are not a communist or a fascist.

Why should the winners - those that have managed to accumulate wealth, that are healthy, that successfully reproduce in a responsible manner, that educate their offspring, that can provide for their future, until such a time that they can provide for themselves sign-up to your plan where not only do they lose - at a stroke - what has taken generations to acquire, but they get zero benefit other than to see their children compete in a no holds bared survival of the fitness (dumbest) lottery?

Thanks, but no thanks. Better to let those that have proven themselves carry-on. There is no reason to wipe the slate clean other than to give those that have already failed a second chance at the expense of those that have already passed that test. Again, not Darwin, not utilitarian, but a naked subsidy. So instead of the rich paying more than their fair share of taxes to support the poor we revert to a system where it is for all intents everyman for himself. Boy, talk about twisted morality.

I save my last point for, um, last. If I am raising a child that goes on to be a scientist or to make a great discovery they may not make that breakthrough discovery until they are 35, 45 or 55-years old. In the meanwhile, like every good agrarian communist movement, you would have them out in the field producing calories. So instead of having a labor separation in which some produce food and fuel, and some go on to make the great advances that mark civilization's advance - and maybe even solve our energy and environmental problems someday - you would have everyone down on the land growing melons. Not only a waste of manpower, but IQ-a-cide. Brawn over brains. I think Pol Pot tried to go down that route with predictable consequences. It failed. And so will your plan. Fortunately, no one is signing-up for it, so it is rather a waste of time to discuss it rather than a waste of human life and of human goodness and the values we have evolved. Thank goodness.

Every plan that someone comes up comes down to this. You want to confiscate my wealth and my labor for your benefit. Although I ask nothing of you. Hmm, there is a pattern there. Ayn Rand would see it clearly for what it is, so it is not even new or original.
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Re: Solutions to Global Monetary System Meltdown

Postby ReverseEngineer » Thu 18 Sep 2008, 08:28:40

$this->bbcode_second_pass_quote('Quinny', 'N')o baiting intended, although not a Marxist myself, I have studied Das kapital and a lot of the analysis is sound. ( Marxists often make good stockbrokers. ) I don't recall 'from each according to ability, to each according to need' being from Marx himself (not Das Kapital anyway) , but its along time ago now so you might be right.

Probably the central tenet behind the economic theory is that all wealth is created by human labour.

Which is pretty much what you were saying.

I also think your utilitarian stance is fascinating, and one which I to a certain extent can go along with, but.....

If I shared say a village with you and you could no longer produce your quota of food, because say you broke your leg. I certainly wouldn't want to lose you to a bear. I'd want to help you get better in the hope you'd do the same if i had a problem. Even if you were old and knackered, though I'd probably be at the same time, I'd certainly miss your ingenuity and the discussions round the campfire.

Elderly people often have a valuable role to play in any community.

I feel the whole debate on this site is often too individualistic and although I recognise problems with social provision and dependency culture, believe it's important that we recognise that collective effort is generally greater than the sum of its parts.


When you look at utility for human beings, you look at more than just the ability to hunt and fish, which I still do well enough but getting less all the time of course in my ability to jog up mountains and walk for 2 or 3 days after a caribou I injured but did not kill outrght with the bow. That gets tiring for me, its painful for the Caribou of course also.

Human beings perform many other functions in the society that have intrisic value besides the direct acquisition of food (or wealth if you want to extrapolate the concept). As I got older, I learned more things. Many things really now. I am on a second level of teaching now, although I still teach the children, a bigger part of what I do is to teach the younger teachers HOW to teach.

I am 51 now. In pretty good shape overall, but in the span of human life and utilitarianism, I am running close to the end of my utility. I have had enough time not only to communicate my knowledge to one generation of children, now I communicate a second level to the younger teachers who teach those children. For myself, given what is going on in society, I see MAYBE another decade to help others. I will do what I can in that time. As my life spins down, I can stil do many things not absolutely connected with running up the mountain after a caribou. Younger boys I have taught can do that, and there are still younger ones that need care and education. This is what I DO. Its what I have ALWAYS done. Now I am engaged in a different SORT of teaching, but in a sense for me it remains the same. I never bought into the ideas of monetary wealth as being very important, and so as I watch this all spin down, I don't fell I am losing all that much. So I kind of make fun of the traders and stock brokers on the board here, to me they seem rather pathetic as they see their paper wealth go up in smoke. I do know however that because of the greed inherent in what these folks do we are all going to suffer greatly, the children I teach have a very difficult future ahead. For as long as I am able, I will try to guide them as best I can. That is who I am, that is who I have always been, and Peak Oil won't change that.

Here on the board, I try to bring my perspective to others, and to listen to theirs. Many very tough individuals here who consider suc problems, with their own solutions and explanations for them. If they are good solutions or ideas, I support them. If they do not seem adequate to the problem at hand, I do not support them. If they seem to me downright EVIL, I stand down on them very, VERY hard. Its a little unfortunate I cannot stnad down as hard as I would like on some folks her, I can light it up with Napalm on those who are in my opinion pure evil :-) Better to keep it clean though.

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Re: Solutions to Global Monetary System Meltdown

Postby MrBill » Thu 18 Sep 2008, 08:49:16

Ah, the pastoral lifestyle of the hunter, gatherer and farmer. Teach the young 'uns how to hunt and fish. Reminds me of Robert Browning. So romantic. Now, how to engineer a population decline from 6.7 billion to maybe 300 million? Maybe we can all survive by hunting caribou? Is your PC organic? Made from local roots and shoots? Connected to a bio-internet? Because I assume those that consume modern conveniences are as Evil as those that provide them? ; - ))
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Re: Solutions to Global Monetary System Meltdown

Postby ReverseEngineer » Thu 18 Sep 2008, 08:51:57

Nobody proved themselves by having parents who buit something and then further built on that. I went to college with preppies who were given everything, thy had to work for NOTHING. I got better grades, because I was smarter than they were. I also got the same damn stupid jobs they got because I was smarter, but they came form people who had connections and got the jobs even though they were dumb numbskulls. Everyone running after MONEY, how pathetic! What a waste of a life! I quit that crap, you still immerse yourself in it, best of luck to you with it.

I highly suggest you return to your family and your land in Alberta now. Your system of trading is TRASHED. Completely. You cannot win this game, you are a small player in the game, even if you are worth a billion, and I do not think you are. Only ONE player walks off this table alive, and that player really holds no true wealth EITHER. Wealth is in your SOUL, and unless you understand that, you have no wealth at all, no matter how much money is in your bank account MrBill.

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Re: Solutions to Global Monetary System Meltdown

Postby roccman » Thu 18 Sep 2008, 08:54:09

$this->bbcode_second_pass_quote('MrBill', 'A')h, the pastoral lifestyle of the hunter, gatherer and farmer. Teach the young 'uns how to hunt and fish. Reminds me of Robert Browning. So romantic. Now, how to engineer a population decline from 6.7 billion to maybe 300 million? Maybe we can all survive by hunting caribou? Is your PC organic? Made from local roots and shoots? Connected to a bio-internet? ; - ))



You nailed it.

It is becoming more clear by the day that this has nothing to do with money and everything to do with Overshoot and the ruling central banking families desire (need) to reduce the population.

There are no solutions to this.

The ARMs were the 3-5 year trigger that put this in motion to coincide with PO.
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Re: Solutions to Global Monetary System Meltdown

Postby MrBill » Thu 18 Sep 2008, 08:59:03

Life is a game of attrition. Some quit because they cannot hack it. Some leave because they have found something better. I will leave on my own terms. I do not need some stranger on the Internet to tell me what my values should be. All you are is a zero and a one to me. Have a nice life in any case.
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Re: Solutions to Global Monetary System Meltdown

Postby ReverseEngineer » Thu 18 Sep 2008, 09:07:08

$this->bbcode_second_pass_quote('MrBill', 'A')h, the pastoral lifestyle of the hunter, gatherer and farmer. Teach the young 'uns how to hunt and fish. Reminds me of Robert Browning. So romantic. Now, how to engineer a population decline from 6.7 billion to maybe 300 million? Maybe we can all survive by hunting caribou? Is your PC organic? Made from local roots and shoots? Connected to a bio-internet? Because I assume those that consume modern conveniences are as Evil as those that provide them? ; - ))


You got a better solution? Tell me how you are going to fix the market? :-) Its TRASHED six ways from Sunday.

I'll do the best I can with the Salmon and the Caribou. Best of luck on your Alberta farm as well. Best of luck collecting rent on the real estate you own. Best of luck holding onto it all when Canada collectivises your holdings. That is Politics mr Bill. Live with it.

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Re: Solutions to Global Monetary System Meltdown

Postby ReverseEngineer » Thu 18 Sep 2008, 09:13:42

$this->bbcode_second_pass_quote('MrBill', 'L')ife is a game of attrition. Some quit because they cannot hack it. Some leave because they have found something better. I will leave on my own terms.


Absolutely true. I will tell you one thing about myself, I NEVER quit on an argument. In a war of attrition, I ALWAYS win. You will go down here before I do MrBill, you cannot outlast me. You will give up arguing with me. I GUARANTEE IT.

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Re: Solutions to Global Monetary System Meltdown

Postby mos6507 » Thu 18 Sep 2008, 13:37:06

$this->bbcode_second_pass_quote('ReverseEngineer', '
')The Borrower is usually just trying to survive


Reread the thread title. So everyone who bought an adjustable rate mortgage was just trying to survive? No, they were themselves speculating on housing appreciation and using their home equity like an ATM.

$this->bbcode_second_pass_quote('ReverseEngineer', '
')The Lender has the moral problem that since he expected return and now the borrower cannot payback, he OWNS the borrower. You lend money, you end up buying slaves. You don't see a moral problem with that?


Not really. You borrow money and have a contract to pay it back according to some mutually agreed upon terms. If the borrower welches on the contract, accountability is required. If the borrower doesn't want that to happen, he doesn't have to borrow. That's his assumed risk. If anything, the problem with this current mess is that the borrowers have been shielded from the full effects of their bad judgment. They walk away from their homes and are able to start over again. This creates a train-wreck in the financial industry that you and me have to bail out with our tax dollars. How "moral" is that?
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Re: Solutions to Global Monetary System Meltdown

Postby Zardoz » Thu 18 Sep 2008, 14:00:29

$this->bbcode_second_pass_quote('ReverseEngineer', '.')..I NEVER quit on an argument. In a war of attrition, I ALWAYS win. You will go down here before I do MrBill, you cannot outlast me. You will give up arguing with me. I GUARANTEE IT.

Do you always wave your deep-rooted personal feelings of insecurity and inferiority like a flag like this? Or does only Mr. Bill bring it out in you?

Jesus Christ, man, you have some major issues to work through...
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Re: Solutions to Global Monetary System Meltdown

Postby EnergyUnlimited » Thu 18 Sep 2008, 14:07:38

Borrower always have a choice not to borrow, or attempt to buy what he cannot afford.
He is not forced to take credit after all.

However if borrower is a moron and does so, then there is nothing wrong in principle with making him a *slave*.

On the other hand if lender is a moron and lend to those who cannot afford to pay (or work out themselves out of debt by actually being *slaves* and yes, they deserve such fate in many circumstances) then he should get bankrupt.
And those who are trading with such moron should also get bankrupt if they fail to secure some other means of funding.

Taxpayer should not pay for that.
Defunct financial system should be liquidated.
There is no use of it.
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Re: Solutions to Global Monetary System Meltdown

Postby Quinny » Thu 18 Sep 2008, 19:03:29

Mr Bill

I respect your opinion and the coherent arguments you put forward. On this issue in your previous post you were defending your right to keep the privilege of inheritance and higly paid job, and then go on to point out how population will need to fall to about 5% of what it currently stands at.

Do you really think that if population falls to the levels you suggest that jobs like you currently occupy will exist?



$this->bbcode_second_pass_quote('MrBill', 'A')h, the pastoral lifestyle of the hunter, gatherer and farmer. Teach the young 'uns how to hunt and fish. Reminds me of Robert Browning. So romantic. Now, how to engineer a population decline from 6.7 billion to maybe 300 million? Maybe we can all survive by hunting caribou? Is your PC organic? Made from local roots and shoots? Connected to a bio-internet? Because I assume those that consume modern conveniences are as Evil as those that provide them? ; - ))

Why should the winners - those that have managed to accumulate wealth, that are healthy, that successfully reproduce in a responsible manner, that educate their offspring, that can provide for their future, until such a time that they can provide for themselves sign-up to your plan where not only do they lose - at a stroke - what has taken generations to acquire, but they get zero benefit other than to see their children compete in a no holds bared survival of the fitness (dumbest) lottery?
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Re: Solutions to Global Monetary System Meltdown

Postby mrobert » Thu 18 Sep 2008, 19:13:21

@Quinny:

The world will always desperately need:

- politicians
- real-estate agents
- travel agents
- interior design consultants
- lawyers
- stock brokers

etc etc etc

I am considering to become a Peak Oil agent and consultant.
Anyone care to use my services?
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