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Sic Semper Goon posted:My parents are moaning right now because our old house, which they sold for $650,000 AUD, is now on the market for $750,000 AUD after a year. Yeah they really should have bought the house back so that they bought at the peak of the property bubble.
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Sep 6, 2017 05:02
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I've arrived so late that I'd be closing the stable door after the horse has bolted, so no horse jokes from me. Instead I'm posting about New Zealand's Finance Minister Steven Joyce. He attacked the opposition claiming an $11.7b hole in their budget in the run up to the election. It got a huge amount of press. Then the next day experts went through the claim and they couldn't find any evidence supporting his statement, instead it seems he didn't understand their budget being yearly rather than cumulative. After a lot of debate the only ones supporting the concept of a budget hole were some retarded journalists. The Finance Minster was asked who supported his claim and he couldn't name anyone. https://www.stuff.co.nz/national/politics/96582772/watch-steven-joyce-and-grant-robertson-clash-in-fiery-finance-debate Of course you couldn't be Finance Minister without some understanding of finance or economics, you don't necessarily need a degree, just to understand? He certainly studied economics which sounds great until his academic record became public and he failed 8 economics papers in 3 years. He even failed monetary economics twice by not bothering to complete the course. I don't think you need to understand economics but those DNCs and the E show that he's the opposite of what's needed; he's too lazy. http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11917623 e: Bonus video of the Minister being hit in the face with a dildo. https://www.youtube.com/watch?v=s67qsv8ForA e2: Now the leader of rational policy party (polling 2%) is criticising the nationalistic (anti-immigration) party for having $55b in promises that there's no money for. http://www.top.org.nz/enough_is_enough_winston Devian666 fucked around with this message at 01:42 on Sep 7, 2017 |
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Sep 7, 2017 01:31
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Time to update that thread title. Mala pecunia: modica pene
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Sep 8, 2017 03:04
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Onision is a douche. He seems to believe that being a douche to the IRS is somehow going to help. I'm pretty sure IRS invented being a douche so he's outclassed. Not having a tax lawyer and accountant after the last gently caress up he made shows that Onision is also retarded.
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Sep 9, 2017 02:54
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That redditor is in denial, someone hosed his car because it was too sexy.
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Sep 13, 2017 04:10
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19 o'clock posted:Did we already post the thrilling conclusion to Onision's aggressive tax stances? quote:I wish someone told me this. That's what happens when you don't have an accountant, and if you do and don't ask them questions. It turns out that being a dumb youtuber doesn't qualify you as an accountant. I like that at the end of the video he turns into a whinging teabagger that doesn't want to pay taxes.
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Sep 17, 2017 21:04
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dougdrums posted:It's really easy to get out of paying taxes, you just have to go to a consulate and revoke your citizenship duh Leaving the US to pay taxes somewhere else can be GWM. However given the low taxes paid by US Citizens that's kind of limiting, and renouncing citizenship might not be a good idea for many.
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Sep 18, 2017 00:02
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FrozenVent posted:There's pretty much no good reason to renounce a US citizenship, unless it's to gain citizenship in another country that requires you to do so. As the above posts point out you have to make a massive amount of money for it to be worthwhile. Even then you'd lose the benefits of the passport and if you become a hostage or need to evacuate a country you won't necessarily get any support.
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Sep 18, 2017 02:10
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quote:she has two kids prior to marriage. Debt is in my name because she can't get credit or a loan has horrible credit. She just married him to wrack up debts and then move on when everything was too hosed to continue. A genuinely horrible person, amazing.
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Sep 18, 2017 04:18
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MrOnBicycle posted:Stockholm is bad with money, spending $7,6 billion (projected cost by 2040) on a lovely new hospital that has already killed people and leaks, locks people in etc. It's funny how you get poor performance by getting the bottom of the barrel designers. Yet they've paid top dollar for the worst.
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Sep 19, 2017 08:08
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ate all the Oreos posted:But fox news tells me all our welfare is going to those darn lazy illegals sneaking in from mexico to take advantage of America's incredibly well-funded and well-ran social safety nets! They are crossing the border stealing jobs, collecting benefits while out performing people that are both educated and can speak English fluently. Historically those that have been working and collecting massive welfare payouts (while not paying any tax) are the Greeks. The real solution here is to close the border to Greece to stop them crossing illegally. Why isn't Fox pushing to close the border to Canada? Their socialist ideals could be infectious.
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Sep 20, 2017 01:59
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That airport money story sounds like complete bullshit. A drug dog signals by sitting down, not attacking a bag.
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Sep 28, 2017 19:59
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Koalas March posted:What if it's like a 3 pronged attack? I had to take some time to figure out what this was about as I'd scrolled past a couple of pages of off topic posting. I think there are different layers to financial literacy and different mindsets that apply. Unfortunately people only absorb the information when they are ready to. However it's worth trying as if you can help even one person out of financial poo poo then it's worthwhile. There's the most basic advice of don't take out pay days loans, hire purchase should only be for essential items such as a fridge, bed or washing machine and nothing else. Communicating how much interest rates and fees hurt a persons finances might help but again this is information people will absorb when they are ready to. Credit card issues such as high fees and interest rates are important for people to be aware of. Even getting people to understand that making the minimum payment on credit cards is keeping/making them poor. Perhaps a series of basic rules that's easy to understand, but with a separate description so people can read more if they are interested (this is a good way to get people asking questions). Student loans are a big deal that people need to be aware of. In New Zealand most of the large tech companies, including Microsoft, don't give a drat about degrees and instead want motivated/capable people. Why get a giant loan for a degree that won't help you get a job? Similar to car loans. Why get a $50k loan for a truck when $3000 for a car might be a more sensible idea. The advice needs to target both those in a privileged financial position and those in poverty. Two very different ways of thinking and worldview but it's possible for both to be BWM.
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Oct 7, 2017 01:52
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Weatherman posted:No, that was buttcoin.org, which is now an asset of the US government  I'd forgotten about that. Didn't a judge have to utter the term buttcoin in court too?
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Oct 13, 2017 01:07
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Risky Bisquick posted:http://www.businessinsider.com/man-in-the-netherlands-sold-everything-for-bitcoin-2017-10 He says he will carry on living this way until 2020. I hope his dreams come through except with bitcoin collapsing completely one month before his planned exit. Then his family will know it's been worth living as minimalists.
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Oct 13, 2017 01:25
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When your ponzi scheme collapses and you end up owing your own company $7m.quote:Damien Grant and Steven Khov estimated the company owed at least $7,062,598 because they said Hibbs had breached several director duties under the Companies Act. These included incurring debt when the company could not pay it back and carrying out business in a manner that "created a substantial risk of serious loss to its creditors". Sorry but he didn't buy a horse with whatever money he received. We do have a horse that is a debt collector in New Zealand. https://www.racing.com/horses/the-debt-collector-nz-nz Devian666 fucked around with this message at 04:18 on Oct 19, 2017 |
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Oct 19, 2017 04:15
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Solice Kirsk posted:I know it's a legal question, but I think it's usually pretty open and shut right? An engagement ring is considered a conditional gift, so if the wedding doesn't go through they have to return it. I believe I saw a case that had that outcome recently. He might have to take action against her but with precedent I guess he'd get it back.
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Oct 19, 2017 09:35
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canyoneer posted:I was a 'maybe' until we got to video game microtransactions, now a lol nope Opiate addiction is a cheaper path to go down.
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Oct 25, 2017 08:26
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This is some sweet BWM. Taking your entire state pension as a lump sum. That seems alright so far. What could possibly go wrong?quote:The freedoms were introduced two years ago and allow those over the age of 55 to take their entire pension pot as a lump sum, with the first 25pc tax-free as usual and the rest taxed as if it were income. Well this could happen where someone spends it all in six months. At least he spent it on a flash car, gambling and drinking instead of wasting the money paying bills. quote:One of her clients spent £120,000 of his pension pot on “gambling, a car and alcohol", she said. Ms Hewitt wrote that this individual had held a lucrative engineering job until he was made redundant, his house was repossessed and he fell into a spiral of depression. http://www.telegraph.co.uk/pensions-retirement/news/retiree-spent-120k-pension-six-months-car-gambling-drink-mps/
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Oct 26, 2017 01:00
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Solice Kirsk posted:Is there such a thing as truck marriages? I'm pretty sure the guy leaning on the tire is holding a shotgun.
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Oct 26, 2017 19:15
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This is last week's news but the NZ National Party finally lost their copyright infringement case to Eminem. This is the same political party that changed the Copyright Act to make the rules more strict, also conducted a raid on Kim Dotcom's house and just lost the election after declaring victory. https://www.stuff.co.nz/entertainment/music/95132686/national-party-loses-court-decision-on-use-of-eminemesque-song quote:In a 132-page decision released by Justice Helen Cull on Wednesday, the Wellington High Court judge found Eminem's Lose Yourself was a "highly original" work and the "soundalike" version called Eminem Esque, which National used in a campaign advert in 2014, substantially copied it. John Oliver's take on this if you want something less dry. https://www.youtube.com/watch?v=lCDqHVMzyl8 GWM: Eminem is donating the proceeds of the court case to hurricane relief. Devian666 fucked around with this message at 00:28 on Oct 30, 2017 |
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Oct 30, 2017 00:24
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quote:Surely £1000 of drugs is far less of a waste of money than this
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Nov 1, 2017 02:02
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NUKES CURE NORKS posted:Oh wow look how much my life sucks He has everything he wants with some money left over each month. The car that's being paid off will eventually be paid off and the same goes for the house. Then add on a comfortable retirement and he's still complaining. This comment sums up the situation pretty well. quote:Poor OP, paying for private school and an SUV that costs more than a minimum wage earner lives on for an entire year. It's just so hard to get by. After all the money he spends on food and luxuries for his family he barely has enough for.. even more loving luxuries. The poor thing.
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Nov 1, 2017 20:00
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hailthefish posted:It's almost like living in a society where your wealth is directly equated to your ethical worth and a lack of wealth is almost universally attributed to laziness or stupidity leads to people internalizing that poo poo. Especially when so much 'OK retirement advice' is couched in terms of "well maybe you could retire someday if you didn't eat avocado toast, stupid entitled millennial". What I'm trying to figure out is who the gently caress is eating all these avocados? I have shares in a company that sells kiwifruit and avocados and the dividends are good. I suspect baby boomers are eating all of them.
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Nov 2, 2017 03:58
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In the context of Australian and New Zealand House prices most people do not earn enough to save for a deposit. Home ownership is declining but at the same time the housing bubble peak has passed and prices are falling. https://www.bloomberg.com/news/articles/2017-11-01/auckland-house-price-drop-brings-kiwi-property-boom-to-an-end quote:In May, Goldman Sachs warned that New Zealand’s housing market was the most over-valued and most at risk of a correction among the G-10 economies -- those with the 10 most-traded currencies in the world. That correction is getting underway right now. Credit has tightened and behind the scenes the Reserve Bank of New Zealand is being cautious about the risk models the banks are presenting. Might as well eat your avocados now if you are a millenial in New Zealand with the coming economic shitstorm.
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Nov 2, 2017 04:37
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The comments in the Australian and New Zealand housing markets were ridiculous. Last year you needed to save at least $300 per week towards a house deposit just to keep up with the house price increases and not make any progress. More like $500-$1000 per week in Auckland. Saving on avocados, smart phones and Sky TV wasn't going to make a drat difference. This shack failed to sell at auction for $1m this week (it would have sold for that easily last year). Now they're asking $865k and it's rotting away. https://www.trademe.co.nz/property/residential-property-for-sale/auction-1434438442.htm New Zealanders are retarded with money.
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Nov 2, 2017 05:01
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xiw posted:A marketing exec at my company just sent out an all staff email suggesting people invest in a Chinese travel website ICO. I guess that ponzi bubble's finished extracting cash from the early investors and is now working on the wider public. I see being in marketing doesn't make people any more aware or less gullible.
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Nov 2, 2017 07:11
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BEHOLD: MY CAPE posted:Put into other words, the housing bubble in New Zealand and Australia is such that you could save the anecdotal millennial $40 avocado toast every single day and the housing market would still continue to run away from you much faster than you could ever possibly accumulate a down payment. Correct. Prices are so high that cops and teachers are moving out of Auckland to find more affordable housing. When the middle class is struggling with rent and can never afford to buy a house you have problems. The poorest 50% work in manufacturing jobs or retail and can barely get by. We have a major housing crisis which the previous Government denied up until this year, and only because it's an election year. The former Prime Minister said the queues of people trying to rent a house and the students forced to camp in the woods due to the lack of rentals was "a problem of success". Funnily enough they lost the election, and avocado_toast.txt will still not be enough for a deposit on a house.
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Nov 2, 2017 19:46
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NUKES CURE NORKS posted:And I’m on an overbooked United flight. Check for any doctors or nurses that may be on board as police usually target them for an rear end whooping or false arrest.
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Nov 5, 2017 19:43
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Panfilo posted:GWM: Knowing someone BWM with a good restaurant idea that eventually transfers ownership of it to you in order to keep up on his Avocado Toast payments. It's expensive fitting out a restaurant so this is like a gift to the competent operator. At least someone was good with money in this whole thing. I hope his dream was worth blowing away a chunk of his retirement savings, losing his house and still having no job.
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Nov 6, 2017 06:41
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I don't think this thread takes avocados seriously enough. In New Zealand you protect avocados with razor wire because this is serious business. https://www.stuff.co.nz/auckland/lo...be-investigated The BWM? The price people are paying. quote:Earlier this year, avocado prices reached record highs - selling for more than $7 each.
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Nov 6, 2017 23:37
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WTF did he spend $117k on without his wife noticing? BWM leaving $400k in gold coins in a safe in your pantry. Super BWM stealing $160k in gold coins and selling just over half of them for $25k. http://www.wftv.com/news/trending-n...k&ICID=ref_fark quote:The 80 coins were worth $2,000 each, totaling a value of around $160,000, according to the arrest report.
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Nov 7, 2017 02:48
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Bird in a Blender posted:They also bought a house with almost no money down, so it’s obvious that even though she was in charge of the finances, they were still no great at saving money. If I understand correctly buying a house with no money down involves significantly higher interest rates. That would make the mortgage payments higher again. There could be some Bad With Mathematics as their income is high but they have no money, and have no idea what they're spending it on. quote:This whole post is one of the weirdest I've ever seen on PF Devian666 fucked around with this message at 03:20 on Nov 7, 2017 |
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Nov 7, 2017 03:17
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It sounds like the $117k has been spent on eating out, various purchases and tyres/parts/fees for racing his car. No wonder all that money is gone it sounds like he's trying to race like a pro without sponsorship, etc.
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Nov 7, 2017 03:25
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Haifisch posted:I still find it hard to believe gambling and/or drugs doesn't come in there somewhere. OP say she's seen statements, but there's still $34k of 401k loan money unaccounted for. Addicted to car racing. Additional BWM is no sponsors and not setting up his hobby as a business to get tax write offs. They've missed out on a good way to mitigate the costs and then financed it all at credit card rates.
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Nov 7, 2017 03:37
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NUKES CURE NORKS posted:I don’t know anything about mortgages since I’m just starting to save to be able to buy a house in five years and common sense tells me the more I can put down the better (and that’s the extent of my home buying knowledge at this point) but even I’m lolling at owing $295k on a $305k house. Maybe I can just save for six months and accomplish one of my life goals super early!!! If you can put down 10-20% you will get a better interest rate and when you owe less your monthly payment is lower. A typical mortgage is a table mortgage so it'll be the same payment for 30 or 15 years. If you save for six months you're out performing 60-80% of the population. The risk of collapse for them is if they can't make the mortgage payments then the bank sells their house and they end up still owing the bank money. If it's upside down some states have provisions to deal with that but I'm no experts on the details of that. They may be able to walk away, or they may be on the hook. At least they aren't underwater right now.
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Nov 7, 2017 05:42
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Haifisch posted:It's baffling what people think will fix a marriage. This has always baffled me. Relationship stressful? Just add some more stress and unresolved conflict rather than address the real problems.
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Nov 7, 2017 21:18
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n8r posted:It's a good way to not get sucked into spending more on the house than you can actually afford. Many high priced areas have proportionately low rents (still a lot of money though). In Auckland, NZ the rental yields are 2% or less as the rents are what the market will pay. The house/apartment prices are all elevated due to foreign and local speculators. Right now prices are falling and they're likely to fall for all of 2018. The fall is primarily tightened monetary conditions and banks becoming aware that they've been lending to people that they shouldn't have. On a local site I've been pushing 20% deposit and no more than 33% of gross income. The same site lists 40% as affordable but whatever. The 33% is all about being able to cope with interest rate increases, yet many people are on 50%+ in NZ and Australia. I'm expecting a lot of amateur speculators to get burnt and end up in a mortgagee sale. High incomes or not there's going to be a lot of people wrecking their net worth on speculation instead of buying race car parts.
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Nov 7, 2017 21:37
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H110Hawk posted:I'm probably going to need to call a doctor in about 3 hours. I'm waiting for the hilarious fall out. I'll probably need a doctor to sew my split sides back together too.
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Nov 7, 2017 22:52
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KingSlime posted:Lol yep my friend's in-laws pay his rent because their daughter married a fragile little man who literally told me that effort feels like "being zapped by an electric shock," and in science experiments the rat learns to stay away so  If he's got a medical condition he better get that poo poo sorted out. Everything is too much 
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Nov 8, 2017 21:44
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