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Beat the A.
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This
is an absolute
'must-see' vid on you tube, for anyone interested in the current
financial crisis. So if you're not sitting in a cave in the mountains
of Tibet, go here...
Well known economist, trend forecaster and Gloom, Boom
and Doom Report publisher Dr. Marc Faber
joined some of the world’s leading investment minds at the Barron’s
2012 Roundtable to discuss what’s in store for 2012 and beyond with
respect to the economy, inflation, political stability and a host of
other issues.
As is generally the case, Dr. Faber doesn’t mince words and warns
that, despite what happens in the near term, the end game is global
conflict.
Marc Faber: On another optimistic note, World War
III will occur in the next five years. That means the Middle East will
blow up. New regimes there will be less Western-friendly. The West has
also figured out it can’t contain China, which is rising rapidly and
will have more military and naval power in Southeast Asia. The only way
for the West to contain China is to control the oil tap in the Middle
East.
Bill Gross (Founder, Pimco): How does your World
War III hypothesis affect the financial markets? Is it positive for
stocks?
Marc Faber: It is very positive for stocks and
negative for bonds, because debt will grow dramatically. There will be
massive monetization of debt. When the U.S. entered World War II total
credit equaled 140% of GDP, and there were no unfunded liabilities. Now
total credit-market debt is 380% of GDP, and unfunded liabilities make
that 800%.
Brian Rogers (Chairman, T. Rowe Price): How is
World War III good for stocks?
Felix Zulauf (Zulauf Asset Management): Unused
capacity in an economy can be directed to the defense and war industry.
That will be paid for by new government debt, and that keeps the
economy growing.
Scott Black (President, Delphi): Marc, if Israel
strikes Iran’s nuclear facilities, they will use air power. They aren’t
going to commit ground troops. It won’t be the kind of conflagration
you’re thinking.
Bill Gross: War takes place today in cyberspace
and in terrorist space. Whether or not there will be a land war isn’t
the question.
Dr. Faber has also expressed his views on prior occasions,
suggesting that World War III is an inevitable outcome when nations
begin to default on trillions of dollars worth of debt (whether by
refusing to pay or simply easing their monetary supply).
In August
of 2010 Faber urged his subscribers to begin making preparations
for worst case scenarios:
In his latest GBD Report, Faber again advises those with the means
to do it, to leave urban areas and seek safety in rural, country areas,
preferably farms, and to be prepared to defend that land in the event
the worst happens:
Faber has an interesting suggestion for investors if the
plunge comes to pass.
With tongue apparently in cheek, he says buy a farm you can
tend to yourself way out in the boondocks. And protect it with high
voltage fences, barbed wire, booby traps, military weapons and
Dobermans.
While several members of the Roundtable disagree with the idea that
a conventional global war is out of the question, suggesting instead
that conflicts will be dealt with through air superiority and in
cyberspace (in itself a potentially catastrophic battlefield for modern
civilization), they are ignoring the real possibility that an attack on
Iran, or even a rogue attack against Europe or the United States, could
escalate to such a level that China
or Russia
would have no choice but to get involved.
While hard to believe, we’ve seen it before. Twice just in the last
century.
Not many people would have believed it prior to 1914 either. But
within just a few short months of the assassination of Archduke
Ferdinand in late June of that year, millions were dead and the Western
front had extended hundreds of miles across Europe to the North Sea.
Events played out with similar velocity in World War II when Adolf
Hitler’s aptly named Blitzkrieg (Lightning War) overtook entire nations
in a matter of days.
It only takes one country, one sociopathic leader with his finger on
the button, to get the ball rolling. Then there is no stopping it.
Yes folks, this is what we are paying for. They definitely need more money.
:
Reason why cameras not allowed in our Parliament!
Oh Wonderful, while we are all praying to keep our jobs!!!!!!!!!! This picture is worth a trillion $$
House Minority Leader pictured standing, far right, speaks whilecolleagues play solitaire Monday night as the House convened to voteon a new budget. (AP)
The guy sitting in the row in front of these two….he’s on Facebook,and the guy behind Hennessy is checking out the baseball scores.
These are the folks that couldn’t get the budget out by Oct. 1, andare about to control your health care, cap and trade, and the listgoes on and on…. Should we buy them larger screen computers – or -a ticket home, permanently? This is one of their 3-DAY WORK WEEKS that we all pay for(salary is about $179,000 per year).
In recent days, the fact that Mitt Romney has millions of dollars parked down in the Cayman Islands has made headlines all over the world. But when it comes to offshore banking, what Mitt Romney is doing is small potatoes.
The truth is that the global elite are hiding an almost unbelievable amount of money in offshore banks. According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland. That is a staggering amount of money.
Keep in mind that U.S. GDP in 2010 was only 14.58 trillion dollars. So why do the global elite go to such trouble to hide their money in offshore banks? Well, there are two main reasons. One is privacy and the other is low taxation. Privacy is a big issue for those that are involved in illegal enterprises such as drug running, but the biggest reason why people move money into offshore banks is in order to avoid taxes. Some set up bank accounts in foreign nations because they want to legally minimize their taxes and others set up bank accounts in foreign nations because they want to illegally avoid taxes. You would be absolutely amazed at what some large corporations and wealthy individuals do to get out of paying taxes. Unfortunately, the vast majority of the rest of us don’t have the resources or the knowledge to play these games, so we get taxed into oblivion.
For the past few years I have dedicated myself to the study, development and promotion of a simple and cheap Hydroponic system that is cost effective on a very small -household- scale.
Since it is a basic, stripped down system, I’ve called it “Naked” hydroponics.
The reason I believe such a system is important is because current and recent events have convinced me that the world is on the brink of not just another major financial crisis, but also a major social upheaval, which will make household and local community self sufficiency -at least in water and basic food staples- a matter of utmost importance.
In a world where the vast majority live in or are moving to an urban environment, hydroponics is the only possible way these people can achieve any measure of food security.
In short, because I have kids, and I care about them. I want to survive, and I want them to survive. I’d like them to have kids of their own and I’d like those kids to have a life at least as good as mine, if not better.
Can’t see the problem?
Farming has always been a battle. Floods, drought, pests, diseases, the list is almost endless. Even in a year of good average rainfall, farmers can have a really bad time just because the rain fell at the wrong time.
But now, farmers face an even greater, and far more insidious threat.
Credit.
Because farming is so unpredictable, just about every traditional or terrestrial farmer accepts that most years won’t be good ones. Old farmers talked about “1 in 7”; one bumper year to pay for six bad years. For this reason, farmers really need some form of banking system. They need a reliable line of credit to carry them through the bad seasons. After all, isn’t storing food in silos a very basic form of banking? ‘Saving for a rainy day’…
Today, without credit, they stop farming.
And we stop eating.
The world’s debt based monetary system of allowing banks to control the money supply is looking increasingly fragile. Not just the bank bailouts and shonky deals on the stock market -although how anyone could believe that it’s possible to borrow one’s way out of a massive debt crisis is mystifying- but also physically fragile; as the internet becomes more pervasive and the world’s finance is nothing more than numbers in a computer, we’re faced with threats from hackers, computer viruses, solar flares, an electromagnetic pulse with or without a nuclear detonation, and probably threats we haven’t even dreamed of; any of which could stop people from just eating.
Currently in ‘advanced’ countries, the all important task of supplying food for the whole population is left in the hands of less than 5% of the total population, and the percentage is still falling. On top of that -or maybe in part because of it- the food we eat has to travel enormous distances, incurring further costs and requiring ever more expensive -and vulnerable- infrastructure.
Can you imagine anything more ridiculous than a farmer with good land, reliable rainfall, all the stock and equipment he needs, not being able to farm because he can’t pay his fuel bill? Or his fuel supplier can’t pay his bill?
Or because some banker half a world away went nuts and jumped out of a window, after deleting every file on the banks’ computers?
It could happen.
Such a crash would not only affect farmers of course. A financial collapse would affect water and electricity utilities, transport networks, Police, firemen, doctors, nurses, teachers… In the push to create a Global Economy, we have ignored one of the fundamental rules any study of nature should have taught us: “Never put all your eggs in one basket”. Most sensible, educated people have come to accept the need for biological diversity. Is it really such a jump to accept that the need for economic diversity is just as vital to the human condition?
Not to me.
And we haven’t even touched on the other looming crises, like Peak Oil, Peak Phosphorus, Global Warming, Rising Sea Levels, rapid depletion of ancient artesian water basins…
Of course, there’s much more to it than just nutty survivalism, or caring about the environment, or cutting down on the enormous amounts of packaging that just ends up in landfill, or saving fuel and transport costs, or having chemical and pesticide free food to eat, or saving money…
Growing our own food is also interesting and fun.
And growing food hydroponically will always be the only viable option for urban or suburban dwellers.
Learn how to create your own food security, using “the simplest, easiest, most convenient and cheapest hydroponic system”, by clicking here
If you’re a true Australian you should all support the Qantas workers in their Strike Action!!!!!
This is how these overseas parasites get paid millions to dog our great companies….
QANTAS- Finally the truth is coming out!
This confirms what others have been saying for a while about how Qantas is subsidising Jetstar to its own detriment and to circumvent the Qantas Sale Act.
For those who haven’t seen it, Senator Xenophon’s speech of 23rd Aug is reproduced below.Senator XENOPHON (South Australia) (19:37): I rise to speak tonight on an issue that is close to the hearts of many Australians, and that is the future of our national carrier, Qantas. At 90, Qantas is the world’s oldest continuously running airline. It is an iconic Australian company. Its story is woven into the story of Australia and Australians have long taken pride in the service and safety standards provided by our national carrier. Who didn’t feel a little proud when Dustin Hoffman uttered the immortal line in Rain Man, ‘Qantas never crashed’?
While it is true that Qantas never crashes, the sad reality is that Qantas is being deliberately trashed by management in the pursuit of short-term profits and at the expense of its workers and passengers. For a long time, Qantas management has been pushing the line that Qantas international is losing money and that Jetstar is profitable. Tonight, it is imperative to expose those claims for the misinformation they are. The reality is that Qantas has long been used to subsidise Jetstar in order to make Jetstar look profitable and Qantas look like a burden. In a moment, I will provide detailed allegations of cost-shifting that I have sourced from within the Qantas Group, and when you know the facts you quickly see a pattern. When there is a cost to be paid, Qantas pays it, and when there is a profit to be made, Jetstar makes it.
But first we need to ask ourselves: why? Why would management want Qantas to look unprofitable? Why would they want to hide the cost of a competing brand within their group, namely Jetstar, in amongst the costs faced by Qantas?
To understand that, you need to go back to the days when Qantas was being privatised. When Qantas was privatised the Qantas Sale Act 1992 imposed a number of conditions, which in turn created a number of problems for any management group that wanted to flog off parts of the business. Basically, Qantas has to maintain its principal place of operations here in Australia, but that does not stop management selling any subsidiaries, which brings us to Jetstar.
Qantas has systematically built up the low-cost carrier at the expense of the parent company. I have been provided with a significant number of examples where costs which should have been billed back to Jetstar have in fact been paid for by Qantas. These are practices that I believe Qantas and Jetstar management need to explain. For example, when Jetstar took over the Cairns-Darwin-Singapore route, replacing Qantas flights, a deal was struck that required Qantas to provide Jetstar with $6 million a year in revenue. Why? Why would one part of the business give up a profitable route like that and then be asked to pay for the privilege? Then there are other subsidies when it comes to freight. On every sector Jetstar operates an A330, Qantas pays $6,200 to $6,400 for freight space regardless of actual uplift. When you do the calculations, this turns out to be a small fortune. Based on 82 departures a week, that is nearly half-a-million dollars a week or $25½ million a year.
Then there are the arrangements within the airport gates. In Melbourne, for example, my information from inside the Qantas group is that Jetstar does not pay for any gates, but instead Qantas domestic is charged for the gates. My question for Qantas management is simple: are these arrangements replicated right around Australia and why is Qantas paying Jetstar’s bills? Why does Qantas lease five check-in counters at Sydney Terminal 2, only to let Jetstar use one for free? It has been reported to me that there are other areas where Jetstar’s costs magically become Qantas’s costs. For example, Jetstar does not have a treasury department and has only one person in government affairs. I am told Qantas’s legal department also does free work for Jetstar.
Then there is the area of disruption handling where flights are cancelled and people need to be rebooked. Here, insiders tell me, Qantas handles all rebookings and the traffic is all one way. It is extremely rare for a Qantas passenger to be rebooked on a Jetstar flight, but Jetstar passengers are regularly rebooked onto Qantas flights. I am informed that Jetstar never pays Qantas for the cost of those rebooked passengers and yet Jetstar gets to keep the revenue from the original bookings. This, I am told, is worth millions of dollars every year. So Jetstar gets the profit while Qantas bears the costs of carriage. It has also been reported to me that when Qantas provides an aircraft to Jetstar to cover an unserviceable plane, Jetstar does not pay for the use of this plane.
Yet another example relates to the Qantas Club. Jetstar passengers can and do use the Qantas Club but Jetstar does not pay for the cost of any of this. So is Qantas really losing money? Or is it profitable but simply losing money on paper because it is carrying so many costs incurred by Jetstar? We have been told by Qantas management that the changes that will effectively gut Qantas are necessary because Qantas international is losing money but, given the inside information I have just detailed, I would argue those claims need to be reassessed.
Indeed, given these extensive allegations of hidden costs, it would be foolish to take management’s word that Qantas international is losing money. So why would Qantas want to make it look like Qantas international is losing money? Remember the failed 2007 private equity bid by the Allco Finance Group. It was rejected by shareholders, and thank goodness it was, for I am told that what we are seeing now is effectively a strategy of private equity sell-off by stealth.
Here is how it works. You have to keep Qantas flying to avoid breaching the Qantas Sale Act but that does not stop you from moving assets out of Qantas and putting them into an airline that you own but that is not controlled by the Qantas Sale Act. Then you work the figures to make it appear as though the international arm of Qantas is losing money. You use this to justify the slashing of jobs, maintenance standards and employment of foreign crews and, ultimately, the creation of an entirely new airlines to be based in Asia and which will not be called Qantas. The end result? Technically Qantas would still exist but it would end up a shell of its former self and the Qantas Group would end up with all these subsidiaries it can base overseas using poorly paid foreign crews with engineering and safety standards that do not match Australian standards. In time, if the Qantas Group wants to make a buck, they can flog these subsidiaries off for a tidy profit. Qantas management could pay the National Boys Choir and the Australian Girls’ Choir to run to the desert and sing about still calling Australia home, but people would not buy it. It is not just about feeling good about our national carrier—in times of trouble our national carrier plays a key strategic role. In an international emergency, in a time of war, a national carrier is required to freight resources and people around the country and around the world. Qantas also operates Qantas Defence Services, which conducts work for the RAAF. If Qantas is allowed to wither, who will meet these strategic needs?
I pay tribute to the 35,000 employees of the Qantas Group. At the forefront of the fight against the strategy of Qantas management have been the Qantas pilots, to whom millions of Australians have literally entrusted their lives. The Australian and International Pilots Association sees Qantas management strategy as a race to the bottom when it comes to service and safety. On 8 November last year, QF32 experienced a serious malfunction with the explosion of an engine on an A380 aircraft. In the wrong hands, that plane could have crashed. But it did not, in large part because the Qantas flight crew had been trained to exemplary world-class standards and knew how to cope with such a terrifying reality. I am deeply concerned that what is being pursued may well cause training levels to fall and that as a result safety standards in the Qantas Group may fall as well. AIPA pilots and the licensed aircraft engineers are not fighting for themselves; they are fighting for the Australian public. That is why I am deeply concerned about any action Qantas management may be considering taking against pilots who speak out in the public interest.
A lot of claims have been made about the financial state of Qantas international but given the information I have presented tonight, which has come from within the Qantas Group, I believe these claims by management are crying out for further serious forensic investigation. Qantas should not be allowed to face death by a thousand cuts—job cuts, route cuts, quality cuts, engineering cuts, wage cuts. None of this is acceptable and it must all be resisted for the sake of the pilots, the crews, the passengers and ultimately the future of our national carrier.
Contributed from an anonymous source.
Editors note: Everyone in this company is extremely well paid; pilots getting around 9 times the median wage. Meanwhile in the USA, pilots on domestic lines often make less money than truck drivers.
They do it because they love to fly.
Much like small farmers in Aus. If you didn’t love the lifestyle you wouldn’t even consider it.
1. Kimberley Big Hole – South Africa Apparently the largest ever hand-dug excavation in the world, this 1097-metre-deep mine yielded over three tons of diamonds before being closed.. 2. Glory Hole – Monticello Dam, California This is the Glory Hole at Monticello Dam, and it’s the largest in the world of this type of spillway, its size enabling it to consume 14,400 cubic feet of water every second.A glory hole is used when a dam is at full capacity and water needs to be drained from the reservoir. 3 Great Blue Hole, Belize This incredible geographical phenomenon known as a blue hole is situated 60 miles off the mainland of Belize .. There are numerous blue holes around the world but none as stunning as this one. 4 Sinkhole in Guatemala This photo is of a sinkhole that occurred February 2007 in Guatemala … It swallowed two dozen homes and killed at least three people. 5. This is the famous Rat Hole in Canberra … It is capable of swallowing Billions of Tax Payers’ dollars annually, never to be heard from again! It is reputed to contain at least 400 arse “holes”.
It appears history is repeating itself. Once again an Australian politician has committed political suicide by attempting to introduce an entirely new tax concept for a specific (and maybe even worthy) purpose. Surely we all agree that pollution is not a good thing?
Remember the GST? It was first suggested by Paul Keating, who was far too wily (and at that time, too vulnerable) a politician to try and implement it himself. He was content just to put the concept out there. John Hewson very obligingly picked up the ball and tripped over both feet trying to run with it; successfully managing to lose what many pundits considered an unloseable election.
The fact that Howard was able to make the GST a part of his platform during his second term a few years later simply demonstrates: a) It was no longer ‘an entirely new concept’; b) just how on the nose the memory of the Keating Government by that stage was; c) the fractured nature of the then Labor Party.
Hewson’s campaign was an act which I suggest is worthy of a new word in his honour.
Hewsonasia, nn: The politically suicidal act of attempting to introduce a new tax that no one (outside government) understands and no one (outside government) wants.
It appears Julia Gillard has just hewsonised herself.
Before it became a hip pocket thing, the majority of Aussies were prepared to follow the lead of the majority of climate scientists, and believe in Human Affected Climate Change (HACC). Many (like myself, and I would hope most scientists) might be a little sceptical of -with our current level of knowledge and understanding- anyone’s ability to make accurate predictions, but let’s face facts here.
World wide, we are currently using around 17 million tonnes of coal every single day.
About 84 million barrels of oil every single day
About 3,000 billion cubic metres of natural gas every single day.
Despite the fact that arguably the most ubiquitous material in our society today is plastic made from hydrocarbons, by far the greatest portion of these valuable, non renewable hydrocarbons is simply burnt, to produce heat and atmospheric pollution.
In the light of current knowledge that volcanoes, major fires and even the absence of contrails in the upper atmosphere can produce measurable changes in local weather and temperature, how can burning all those fossil fuels possibly not have an affect on our planet’s biosphere?
One of the cutest arguments to bob up recently from so called ‘climate sceptics’ (denialists) is that CO2 is not a pollutant. I strongly suggest the advocates of this argument spend 3 minutes trying to breath the stuff. “But it helps plants grow!” They exclaim. In a world where we cut down one and a half acres of rainforest every second, this argument makes exactly as much sense as telling a farmer all he has to do to get a good crop is fertilise, even while he applies Roundup.
Bottom line: not only is pollution not a good thing, but burning valuable hydrocarbons is really stupid.Not only are these materials necessary to produce plastics and a host of other products, but the much vaunted ‘Green Revolution’, which has done so much to feed so many, is entirely reliant on hydrocarbon inputs.
Surely anyone who spares a thought for their children and grandchildren should be concerned about these matters, even if they don’t buy into the ‘Anthropogenic Global Warming’ argument.
Perhaps of even more concern should be the statistics on just how much of these valuable non renewable resources are left. According to good old Wikipedia,
Years of production left in the ground with the current proved reserves and flows above (daily production through 2006)
Coal: 148 years
Oil: 43 years
Natural gas: 61 years
Equally stupid is the suggestion that the laissez faire marketplace, which is almost entirely reactive rather than proactive, could possibly counter this impending disaster.
The marketplace will simply react by increasing the prices of these products, until the food riots we are seeing now in just a few places around the planet, will be almost universal.
Between 2006 and 2008 average world prices for rice rose by 217%, wheat by 136%, corn by 125% and soybeans by 107%.
How will you fair when your grocery bill more than doubles in the space of just 2 years? (And again, every 2 years after that.)
How much will your children be paying for food?
A tax on burning non renewable resources is as inevitable as death and, well, taxes. The only real question is how to best use that tax. Please note, I would like something a little more imaginative than taking away with one hand, and giving back with the other.
There are already viable alternatives to using non renewables. As I have suggested elsewhere, my favourite is wavepower, but for those terrestrially committed there are also thorium reactors, solar, wind, geothermal and maybe in the not too distant future, hydrogen fuel cells.
Domestically, some of these alternatives offer possibilities to individuals and families now. Unfortunately, only those with significant levels of disposable income can take advantage of these alternatives -and save money long term by doing so; eg. the cheapest hot water systems cost the most to run.
Installing solar panels will cut down on burning coal, and save you money, -if you have a spare $10k or so.
Converting your car to LPG will reduce pollution and save you money, -if you have a spare $3-$5k.
And so on.
Perhaps instead of hewsonising herself, Ms Gillard would have been better served offering Australians carrots instead of sticks, in the form of making all those desirable changes more affordable to the forgotten 50% of Australians who make less than $40k a year, so they can start saving money too.
You remember them, Ms Gillard?
They used to be called ‘Traditional Labor Voters.’
Here’s a simple one. Instead of ‘Cash for Clunkers’, how about ‘Cash for Conversions’? Currently LPG retails for roughly half the price of unleaded. Offer gas conversions for $0.00 up front and offer the opportunity to pay off the conversion cost by paying a 25 cent per litre levy on every purchase of LPG.
It would still be cheaper than using petrol; people could save money and reduce pollution.
And what about air ships? Lighter than air craft would be almost silent, not require long runways and use about a thousand times less fuel (or perhaps, no fuel at all). Yes they are much slower, but the trade off could be in being roomier and more luxurious; even including train style sleeping berths.
I would imagine starting up an airship manufacturing industry would not only offer large employment opportunities, but would possibly cost considerably less to start up than the NBN, and quite conceivably lead to export profits.
Everyone knows hydroponics is a complex science, right?
Everyone knows hydroponics is highly technical. You need a lot of knowledge, read a lot of books…
You need a lot of equipment, like pumps and lights and aerators and testing equipment…
What if I told you that’s all bull?
There’s no doubt, by spending lots of money and having lots of equipment you can get great results; but do you actually need it? We have spent several years proving that the answer to that question is a resounding
NO!
Leave all that crap to the commercial growers who can get their money back. As a home gardener, you can’t afford it, and -for salad veggies*- you don’t need it.
Naked Hydroponics is hydroponics stripped back to the bare essentials, starting with NO growing medium. It’s the roots of the plants that are naked, not -necessarily- the gardener. Because there is no medium, there is no need for aeration. You just have to replace fresh nutrient every fortnight or so, and top up with fresh water in between times.
No medium, no pumps, no expensive overheads, no electricity costs…
The proof of the pudding is in the eating. Just look at the photographs. We know it works, because we’ve done it; and believe me, we are remarkably ordinary people, and even more ordinary gardeners. If we can do it, anyone can.
In fact, this system is so simple, and requires so little in basic components, any handy man with a reasonable workshop and basic tools would have no trouble in making his/her own, and we’ll even help you do it! There’s no need to make mistakes we’ve already made. You can download a PDF file here
Read on and view our photo collection. Nothing is faked -for a start when it comes to computers I’m not that clever, and besides, why would I? I want you to succeed so you come back for more!
It really is that easy.
*This system is not recommended for root vegetables.
From birth to death…
Here’s another nice little vid, which is hard to argue with; called “your life according to the Government”. You’d think with Australia’s natural advantage, of being able to watch the Americans so we don’t have to tread in the same pile of shit every time, we’d do better. Continue reading From birth to death…
Our Ironclad creed:
To offer everyone the respect that we would enjoy.
To respect the right of everyone to be treated as an equal despite our
differences, and to recognise that although we are not
all 'created equal' we should all have equal rights to liberty, health
and opportunity; where such 'opportunity' does not include the right to
exploit, oppress or gain advantage at the expense of the rights of
others. I believe...
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