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Rising cost of living is now out of the control of reserve banks
When “whatever it takes” means confiscation of wealth
One of the reasons people decide to buy gold bullion or add silver coins to their portfolio is because they cannot be devalued. No one can suddenly decide to print more gold or silver! Sadly, this is exactly what happens with currencies around the world. And the last two decades have been prime examples of this. As governments rush to patch up past mistakes, missed warnings and election cycles they resort to creating more money which ultimately leads to higher prices but less value slewing around the system.
The self reinforcing trends of high inflation have become visible to all. Central banks and governments continue to do “whatever it takes” but now it is “whatever it takes” to deflect blame for the rising prices and falling asset prices.
Central Banks Struggling to Contain the Surging Inflation
Eroding wealth is hitting many people on several fronts – surging inflation on goods and services, tanking equity markets, and falling housing prices to name a few.
Yet, governments and central banks claim no responsibility for the economic climate they have created blaming instead Putin for higher food and energy prices, speculators for eroding equity and housing markets, not to mention China for supply chain issues and lower economic activity due to the ongoing zero covid policy lockdowns.
Surging inflation is more than a decade in the making.
In our post on March 4, 2021, Central Banks Will Still Do “Whatever It Takes”! we discussed the then ECB President Mario Draghi’s “whatever it takes” of 2012 to save the Euro – that morphed into the 2021 promise from Rishi Sunak, UK finance minister’s promise of “whatever it takes” to support the British people and businesses through Covid lockdowns.
Governments poured more than $15 trillion of additional support through increased spending and lower taxes in less than two years. Also, central banks printed money on a grand scale to sucked up all the additional debt issued from governments.
Now central banks have conditioned everyone into the perception that they can save and solve problems with the “whatever it takes” promise over the last decade.
Central banks have now pledged “whatever it takes” to get inflation under control. Chair Powell leads the bandwagon jumpers from old ‘transitory inflation’ onto new ‘yes we were wrong last year, but not wrong again this year’.
Central banks have good reason to keep this bandwagon going in circles and not make much progress.
Click Here to Watch The M3 Report
John Maynard Keynes famously said,
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
Remember governments have trillions in debt to deal with and the fastest way to reduce that debt is to inflate their way out of it.
The other options are to raise taxes or to severely limit spending how many governments have the political will for either of those and if they do, then they are voted out with promises from the new government to reverse the measures put in place.
The decade long excess is at a tipping point!
Download Your Free Guide
The annual economic report released this week by the Bank of International Settlements (BIS) warns that if inflation becomes entrenched in the global economy, then it could become the new normal and very hard to reverse. In other words higher prices lead to higher prices.
The BIS doesn’t think that central banks, including the Fed, are doing enough to bring inflation under control.
The Fed has raised the fed funds rate rates three times this year for a total increase of 1.5% – but the Fed is still “well behind the inflation curve”. The fed fund rate is in a range of 1.50%-1.75%, while the latest U.S. CPI reading for May came in at a year-over-year increase of 8.6%.
Inflation is Hitting its Tipping Point Warns BIS
From the BIS Report:
In addition to cyclical and structural factors, the level of inflation itself can influence wage- and price-setting. Hence the likelihood and intensity of wage-price spirals. In general, a high-inflation regime, if it persists, induces behavioural changes which raise the probability that it will become entrenched, not least by amplifying the impact of relative price increases.
The report explains: The level of inflation is bound to influence the importance of inflation expectations.
Once the general price level becomes a focus of attention, workers and firms will initially try to make up for the erosion of purchasing power or profit margins that they have already incurred.
This, in and of itself, could trigger wage-price spirals if background conditions are sufficiently favourable. And, once inflation becomes sufficiently high and is expected to persist, they will also try to anticipate future changes in the general price level, as these will erode purchasing power and profit margins before contracts can be renegotiated.
The report goes on to warn that once embedded inflation is very difficult and costly to bring under control and it advises central banks to avoid transitions from low- to high-inflation regimes in the first place – to nip inflation in the bud.
Are we past that point?
The BIS answer: We may be reaching a tipping point, beyond which an inflationary psychology spreads and becomes entrenched. This would mean a major paradigm shift.
How on earth does inflationary psychology spread and become ‘entrenched’? This is something we explored recently on our new show The M3 Report.
Along with our guests Jim Rickards and Gareth Soloway, host Dave Russell explored the idea of perception and asked for how long were politicians going to string us along telling us that all is FINE? I
t seems too regular an occurrence these days to be told that inflation is either temporary or the result of covid, or Putin or someone sneezing.
All whilst we listen from our cars that cost more than ever to refill, or from the kitchen whilst we cook meals that we can barely afford to cook.
But, as Dave and Jim discussed, are perceptions starting to change? Are we now getting wise to the rhetoric?
Here is what you need to know: for commodities like oil – high prices eventually cure high prices. But once inflation sets in for everyone – high prices mean more higher prices because cash cannot be trusted. Physical metals will benefit from inflation becoming embedded.
Bottom line: in a high inflationary environment when the cake becomes smaller, the fight over it becomes bigger!
And what does that paradigm shift look like? Sadly we still haven’t managed to get a hold of that crystal ball so we can’t be too specific.
But, we do know that the world has been through paradigm shifts before. Whether through wars, financial crises or even pandemics (yes, covid isn’t the first).
Every single time people are forced to find their own way to secure their savings and investments.
They find their way to gold and silver, because when governments do ‘whatever it takes’ we should also do ‘whatever it takes’ to reduce the impact of the secret and unobserved theft that is inflation.
Be sure not to miss the brilliant M3 Report! With over 10,000 views in its first week the show has been grabbing everyone’s attention.
From The Trading Desk
Market Update:
Goldman Sachs, the US investment bank has recently raised its year-end price for Gold to $2,500.
The report released this week from the bank noted the second half of the year could bring a recession in the US (or is the US is already in one) which would support a higher Gold price.
They also believe the continued high inflation supports this price.
Goldman’s has said that inflation expectations may become ‘unhinged’ as it has become quite persistent.
Gold is USD terms has held up well, keep in mind we have a stronger USD and higher treasury yields.
These generally have a negative correlation on the price and gold has held up well.
When the USD and Yields cool off, there is only one way for Gold to go.
Maybe it is that will get Gold to these levels that Goldman are looking at for year end.
It is also worth keeping in mind, If Goldman’s have a target of $2,500 for gold, where would that push silver!
Key levels to watch, the psychological $1800 area and main consolidation are at $1,785.
In the bigger picture, these are levels 1-2% below where we are now.
Trying to time it perfectly you can miss the bigger move up, so do consider cost averaging in at these levels.
Stock Update
Silver Britannia offer UK – We have just taken delivery of 10,000 Silver Britannia’s at our London depository.
Available for storage in London or immediate delivery within the UK.
These are available at the lowest premium in the market (which includes VAT at 20%).
These can now be purchased online or contact our trading desk for more information.
Excellent stock and availability on all gold coins and bars. Please contact our trading desk with any questions you may have.
Silver coins are now available for delivery or storage in Ireland and the EU with the lowest premium in the market.
Starting as low as Spot plus 37% for Silver Britannia’s 100oz and 1000oz bars are also available VAT free in Zurich starting at 8% for the 1000oz bars and 12.5% for the 100oz bars.
Buy Gold Coins
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
29-06-2022 1811.85 1817.75 1487.89 1499.64 1723.43 1733.41
28-06-2022 1827.00 1819.05 1488.82 1488.89 1725.97 1727.37
27-06-2022 1838.05 1826.30 1495.81 1486.79 1737.69 1725.49
24-06-2022 1826.50 1825.45 1484.94 1483.54 1730.79 1728.52
23-06-2022 1831.40 1841.90 1500.28 1499.12 1742.94 1746.31
22-06-2022 1827.30 1841.85 1494.37 1501.66 1738.49 1744.97
21-06-2022 1836.50 1840.25 1491.61 1498.33 1736.23 1742.72
20-06-2022 1841.20 1836.50 1502.60 1501.52 1746.75 1745.41
17-06-2022 1849.85 1841.55 1503.74 1506.39 1757.54 1756.47
16-06-2022 1831.55 1826.50 1511.40 1491.15 1758.84 1747.60
Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.
Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here
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The post Inflation is now out of the control of central banks appeared first on GoldCore News.
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Expert That Precisely Anticipated 2022 Bitcoin and Crypto Crash Tells Traders To 'Get Ready,' Forecasts Big Altcoin Hairstyle


< img width="1024" height="600" src="https://dailyhodl.com/wp-content/uploads/2022/06/current-crash-haircut.jpg?w=1024" course="webfeedsFeaturedVisual wp-post-image" alt ="" loading="lazy" style="display screen: block; margin-bottom: 5px; clear: both; max-width: 100 %;" link_thumbnail ="" srcset="https://dailyhodl.com/wp-content/uploads/2022/06/current-crash-haircut.jpg 1365w, https://dailyhodl.com/wp-content/uploads/2022/06/current-crash-haircut.jpg?resize=300,176 300w, https://dailyhodl.com/wp-content/uploads/2022/06/current-crash-haircut.jpg?resize=768,450 768w, https://dailyhodl.com/wp-content/uploads/2022/06/current-crash-haircut.jpg?resize=1024,600 1024w, https://dailyhodl.com/wp-content/uploads/2022/06/current-crash-haircut.jpg?resize=750,440 750w, https://dailyhodl.com/wp-content/uploads/2022/06/current-crash-haircut.jpg?resize=1140,668 1140w" sizes =" (max-width: 1024px) 100vw, 1024px"/ > The prominent crypto analyst that precisely called the current market collapse states that the altcoin market still has a lot more to go down than investors understand. The pseudonymous investor called Capo tells his 417,000 followers that despite the fact that most altcoins are way below their all-time highs, a considerable haircut is around the corner.
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Manian joins Bootstrap Board of Directors
Bootstrap and its subsidiary Electric Coin Co. (ECC) are pleased to introduce the latest Bootstrap board member, Zaki Manian. Manian [
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Analyst Who Properly Forecasted 2022 Bitcoin and Crypto Crash Informs Traders To 'Prepare,' Anticipates Huge Altcoin Hairstyle

The popular crypto analyst who accurately called the current market collapse says that the altcoin market still has much further to drop than traders realize.
The pseudonymous trader known as Capo tells his 417,000 followers that even though most altcoins are way below their all-time highs, a sizeable haircut is around the corner.
“Expecting 45-50% drop on altcoins from current prices.”
Backing up his thesis, Capo looks to Bitcoin dominance, which compares the market cap of BTC to the rest of the crypto market.
Traditionally, a rising Bitcoin dominance suggests that traders are fleeing altcoins to a less risky allocation of BTC.
According to Capo, Bitcoin dominance is setting up for a surge that will see altcoins get slaughtered.
“BTC.D update
Same idea, expanding diagonal for wave C. Altcoins should drop more than BTC.”
Looking at Ethereum (ETH), the market’s biggest altcoin, Capo has a downward target in mind. According to the analyst, ETH is on its way down to levels not seen since late 2020.
“ETH
Decreasing volume into resistance, and looking like a corrective move.
Next support: $700-800″
As for Bitcoin, the analyst says that the buyers who should’ve brought support to Bitcoin are now nowhere to be seen.
“The bids that were holding the price have been pulled. Bulls are scared or they weren’t really there, just whales pushing the price up to sell higher. Get ready.”
Capo says BTC is on the edge of collapsing to new local lows one last time before reversing. The crypto analyst has a downside target somewhere near $16,000, based on his chart, or about a 20% drop in BTC.
“BTC
Break of the lower dark zone = bearish confirmation = new lows.”
At time of writing, Bitcoin is trading at $20,037, down 2% on the day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/GrandeDuc
The post Analyst Who Accurately Predicted 2022 Bitcoin and Crypto Crash Tells Traders To ‘Get Ready,’ Predicts Huge Altcoin Haircut appeared first on The Daily Hodl.
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Ethereum Altcoin Task Firecrackers 160% Adhering To Announcement of New NFT as well as Gaming Growths


< img width="1024" height="600" src="https://dailyhodl.com/wp-content/uploads/2022/06/forgotten-altcoin-rockets.jpg?w=1024" class="webfeedsFeaturedVisual wp-post-image" alt ="" loading="lazy" style="display screen: block; margin-bottom: 5px; clear: both; max-width: 100 %;" link_thumbnail ="" srcset="https://dailyhodl.com/wp-content/uploads/2022/06/forgotten-altcoin-rockets.jpg 1365w, https://dailyhodl.com/wp-content/uploads/2022/06/forgotten-altcoin-rockets.jpg?resize=300,176 300w, https://dailyhodl.com/wp-content/uploads/2022/06/forgotten-altcoin-rockets.jpg?resize=768,450 768w, https://dailyhodl.com/wp-content/uploads/2022/06/forgotten-altcoin-rockets.jpg?resize=1024,600 1024w, https://dailyhodl.com/wp-content/uploads/2022/06/forgotten-altcoin-rockets.jpg?resize=750,440 750w, https://dailyhodl.com/wp-content/uploads/2022/06/forgotten-altcoin-rockets.jpg?resize=1140,668 1140w" sizes =" (max-width: 1024px) 100vw, 1024px"/ > An altcoin job built on Ethereum that has been relatively quiet for some time remains in the middle of an explosive rally as it outperforms the remainder of the crypto markets. Stratis Platform is an Ethereum-based, decentralized blockchain platform targeted at making it possible for Microsoft designers to build applications ahead. The Stratis code is based on [
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One Ethereum Gaming Altcoin Sticks Out From Rest of Emerging Market, According to Coin Bureau


< img size="1024" height="600" src="https://dailyhodl.com/wp-content/uploads/2022/06/One-Metaverse-Altcoin-Has-.jpg?w=1024" course="webfeedsFeaturedVisual wp-post-image" alt ="" loading="lazy" style="display: block; margin-bottom: 5px; clear: both; max-width: 100 %;" link_thumbnail ="" srcset="https://dailyhodl.com/wp-content/uploads/2022/06/One-Metaverse-Altcoin-Has-.jpg 1365w, https://dailyhodl.com/wp-content/uploads/2022/06/One-Metaverse-Altcoin-Has-.jpg?resize=300,176 300w, https://dailyhodl.com/wp-content/uploads/2022/06/One-Metaverse-Altcoin-Has-.jpg?resize=768,450 768w, https://dailyhodl.com/wp-content/uploads/2022/06/One-Metaverse-Altcoin-Has-.jpg?resize=1024,600 1024w, https://dailyhodl.com/wp-content/uploads/2022/06/One-Metaverse-Altcoin-Has-.jpg?resize=750,440 750w, https://dailyhodl.com/wp-content/uploads/2022/06/One-Metaverse-Altcoin-Has-.jpg?resize=1140,668 1140w" sizes =" (max-width: 1024px) 100vw, 1024px"/ > The closely complied with analyst as well as host of the popular Coin Bureau channel states that one metaverse altcoin has more prospective than the majority of crypto assets in the sector. In a new video upgrade, the pseudonymous expert referred to as Individual informs his 2.07 million followers that while its cost activity has looked underwhelming for many months now, [
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Formula Known for Outperforming Bitcoin as well as Crypto Markets Discloses New Altcoin Picks for the Week


< img size =" 1024 "height ="600"src ="https://dailyhodl.com/wp-content/uploads/2022/06/known-crypto-picks.jpg?w=1024" course="webfeedsFeaturedVisual wp-post-image"alt ="" loading="lazy "design ="display screen: block; margin-bottom: 5px; clear: both; max-width: 100 %;"link_thumbnail =""srcset ="https://dailyhodl.com/wp-content/uploads/2022/06/known-crypto-picks.jpg 1365w, https://dailyhodl.com/wp-content/uploads/2022/06/known-crypto-picks.jpg?resize=300,176 300w, https://dailyhodl.com/wp-content/uploads/2022/06/known-crypto-picks.jpg?resize=768,450 768w, https://dailyhodl.com/wp-content/uploads/2022/06/known-crypto-picks.jpg?resize=1024,600 1024w, https://dailyhodl.com/wp-content/uploads/2022/06/known-crypto-picks.jpg?resize=750,440 750w, https://dailyhodl.com/wp-content/uploads/2022/06/known-crypto-picks.jpg?resize=1140,668 1140w"dimensions ="(max-width: 1024px) 100vw, 1024px "/ > A robotic with an online reputation for outpacing the crypto markets exists its most recent profile allotments as Bitcoin (BTC) and also Ethereum (ETH) effort to stay afloat. Each week the Actual Vision Crawler conducts studies in order to create algorithmic portfolio evaluations constant with a "hive mind" agreement. The robot's latest information discovers that investors' risk [
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Cardano (ADA) Owner Charles Hoskinson Addresses Congress, Says for Real-World Uses of Crypto as well as Blockchain


< img width ="1024"height ="600"src ="https://dailyhodl.com/wp-content/uploads/2022/03/30-trill-going-crypto.jpg?w=1024"course =" webfeedsFeaturedVisual wp-post-image "alt =""loading ="careless" design="display screen: block; margin-bottom: 5px; clear: both; max-width: 100 %;" link_thumbnail=""srcset ="https://dailyhodl.com/wp-content/uploads/2022/03/30-trill-going-crypto.jpg 1365w, https://dailyhodl.com/wp-content/uploads/2022/03/30-trill-going-crypto.jpg?resize=300,176 300w, https://dailyhodl.com/wp-content/uploads/2022/03/30-trill-going-crypto.jpg?resize=768,450 768w, https://dailyhodl.com/wp-content/uploads/2022/03/30-trill-going-crypto.jpg?resize=1024,600 1024w, https://dailyhodl.com/wp-content/uploads/2022/03/30-trill-going-crypto.jpg?resize=750,440 750w, https://dailyhodl.com/wp-content/uploads/2022/03/30-trill-going-crypto.jpg?resize=1140,668 1140w"dimensions ="(max-width: 1024px)100vw, 1024px"/ > Cardano(ADA) founder Charles Hoskinson is resolving Congress in an effort to detail the real-world use instances of crypto possessions. In a prepared testimony to Congress on the subject of digital property regulation, Hoskinson claims blockchain modern technology aids markets grow because of its decentralized and permissionless nature. "Dispersed ledgers (i.e., blockchains) save info that requires [
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One Ethereum Gaming Altcoin Stands Apart From Rest of Emerging Market, According to Coin Bureau

The closely followed analyst and host of the popular Coin Bureau channel says that one metaverse altcoin has more potential than most crypto assets in the sector.
In a new video update, the pseudonymous analyst known as Guy tells his 2.07 million followers that while its price action has looked underwhelming for many months now, virtual world The Sandbox has solid fundamentals.
“SAND token is reportedly rallying because tech giants came together to see standards for the metaverse earlier this week. Now I would say this is bearish rather than bullish for crypto, but it seems that SAND holders disagree. It’s too bad that the SAND-castle has collapsed, and by that, I mean SAND’s price.
It’s a good thing that SAND has some actual fundamentals unlike most of the other metaverse cryptos out there. Not naming names.”
Last week, a large roster of tech giants and multinational corporations announced the creation of a “Metaverse Standards Forum” that aims to create global interoperability standards for the open metaverse. Some companies involved include Huawei, Meta and Microsoft.
The Sandbox also announced a partnership with media giant TIME last week that aims to recreate Times Square in Manhattan, New York inside its virtual world.
TIME CEO Keith Grossman said,
“We are thrilled to now tap into that community as we seek to find the architect to design TIME Square in the metaverse, as we create an immersive experience with The Sandbox that provides a natural bridge between the virtual community of TIMEPieces, the historical coverage and global relationships of TIME, the unique IP coming from TIME Studios, TIME for Kids, and our real-life IRL events.”
The Sandbox (SAND) has outperformed much of the crypto markets over the last seven days. While it is currently down 7% on the day at time of writing, SAND is still up 38% on the week, priced at $1.18.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/your/dTosh
The post One Ethereum Gaming Altcoin Stands Out From Rest of Emerging Market, According to Coin Bureau appeared first on The Daily Hodl.
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Gold Delivers on Its Enduring Standing as a Safe-Haven
Using a baseball analogy, 2022 threw Americans a lot of curve balls that no one was expecting. We’ve seen gasoline rocket above $6 a gallon, mortgage rates soar from 3% last year to 6% today and the stock market tumble over 20%. Everyday goods simply cost more with inflation at a 40-year high. The cryptocurrency market collapsed – with Bitcoin falling from over $67,000 in late 2021 to just over $17,000 last week.
Amidst the market turmoil, gold has delivered as a solid safe-haven investment – and is one of the year’s best performing asset classes.
Gold is up about 1% in late June – and is holding up vastly better than other assets classes which are down a staggering 20% to 70% from their peaks.
This is a reminder of why allocating a portion of your portfolio to gold pays off. Investors who own gold have seen more stability in their portfolio, with less drawdowns than those without gold exposure. Gold is acting as a store of value to protect your wealth.
With the S&P 500 now officially in a bear market, Wall Street analysts are warning the stock market rout could still get worse before it gets better. Société Générale issued a research note this week stating that if the Federal Reserve fails to tame inflation an economic recession could push the S&P 500 down another 33%.
And what about gold? Increasing your allocation to gold now is an option to preserve and protect your wealth.
One of the factors holding the gold market steady right now – is the strong U.S. dollar. Gold and the dollar often trade inversely – so the current strength in the dollar is a headwind for the precious metals. The U.S. dollar index is up around 9% year-to-date.
However, eventually the dollar rally will stall and “that is when the gold price will take off,” Will Rhind, founder and CEO of ETF provide Granite Shares told Barron’s.
Indeed, earlier in June, Goldman Sachs released a new report stating: “We expect a rebound in emerging market gold demand in the second half of the year. In the absence of a large liquidity shock, we view current gold price weakness as a good entry point.”
Do you have cash on the sidelines ready to go to work? Preserve and protect your wealth with gold. Goldman Sachs issued 3- and 6-month targets at $2,100 and $2,300, respectively. In 12 months, the bank expects gold to reach $2,500.
Precious metals are an insurance policy that has consistently paid off for investors in all types of market cycles, and we are seeing that happen again today.
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The post Gold Delivers on Its Enduring Status as a Safe-Haven appeared first on Blanchard and Company.

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