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2019 Crash Summit: What is Jeff Clark’s Delta Report All About?



What is the 2019 Crash Summit and Jeff Clark’s Delta Report All About?

What is the 2019 Crash Summit and Jeff Clark’s Delta Report All About?

In a new salespage called ‘2019 Crash Summit’, Jeff Clark tries to sell you his high-priced email newsletter called the Delta Report. Keep reading to discover our review of the 2019 Crash Summit and Jeff Clark’s Delta Report.

What is Jeff Clark’s Delta Report?

Jeff Clark’s Delta Report is an email newsletter that claims to teach anyone how to get rich quick. The newsletter is advertised online with claims that readers can expect to learn “how to make $1,000s a week with options”, for example.

By following the investment advice explained in Jeff Clark’s Delta Report, and copying the trades recommended by Jeff and his team, you can make thousands of dollars per week “in dozens of different sectors, immediately”, according to marketing material advertised online.

Jeff Clark claims he normally sells the Delta Report at a price of $5,000 per year. However, thanks to a “special offer” available exclusively online through the 2019 Crash Summit order page, customers can get the email newsletter for “only” $2,500 today.

The email newsletter is published online by a company called Omnia Research, LLC (also known as Legacy Research, LLC) which appears to be a subsidiary of Palm Beach Research Group, the controversial alternative financial research company known for its high-priced email newsletters and dubious online sales tactics.

What is the 2019 Crash Summit?

Jeff Clark’s Delta Report is being actively advertised online through a new campaign called the ‘2019 Crash Summit’. You can find the campaign posted on the official website. The sales page features a video and a written transcript of the information in that video.

The sales page revolves around the idea that a California man named Jeff Clark accurately predicted the stock market crash of 2008/2009.

On January 13, 2008, Clark “publicly announced” that, “It’s going to be an amazing year” because America was about to enter a bear market.

“Thousands lost everything, the worst financial crisis since the Great Depression,” explains the sales page. “But Jeff Clark was ready.”

Clark claims the strategies he used during this time period were able to double his money “10 different times” by the end of 2008.

This was the same strategy Clark used to earn returns of 1000% in the weeks leading up to Black Monday in October 1987. He also claims he made “tens of millions of dollars on a single position on March 2, 2000 – just 8 days before the dot-come bubble burst.”

Here’s where Clark entices you to join Delta Report: he claims that he has successfully taught his mysterious strategies to other traders. By signing up for the $2,500 per year Delta Report, you can learn these strategies as well.

Clark claims his students have made thousands of dollars by following his investment advice. The 2019 Crash Summit sales page is filled with stories of people “Like Jaro G., who made $500,000” or “Kevin Z.” who “made 150% in 24 hours”.

As with other “get rich quick” investment schemes posted online, the sales page is filled with stories of traders who made lots of money – and has limited information about traders who lost money.

What Will You Learn During the 2019 Crash Summit?

The 2019 Crash Summit is a free interview / text transcript posted online at the official website. The summit claims to “brief you on exactly how the coming crash will unfold.”

The “summit” is just an interview between Amber Mason, Managing Partner of Legacy Research, and Jeff Clark, an investor who claims to have made tens of millions of dollars through the 1987 stock market crash, the dot-com bubble burst, and the 2008 Great Recession.

Amber begins:

“You’re predicting that in 2019, the market will see a huge investment crisis. And yet—you also say it’s one of the biggest money-making opportunities of your career. How is that possible?”

Jeff Clark claims that he has a system that allows investors to capitalize on bear markets:

“We’ve developed something pretty special…It’s a way of making money on any move in the market… whether stocks go UP… or whether stocks go DOWN. And it’s specifically designed to hand you the biggest gains when we see a volatile situation… like a crisis.”

Next, Clark explains that the next market downturn will be an “M Wave”.

What is an M Wave Recession?

Clark’s theory rests on the idea that the next market downturn will be an “M Wave”. Basically, an M Wave refers to a market movement where a stock (or index, or asset, or anything else) plummets in price before suddenly rebounding to its previous level. Then, the stock plummets once more and crashes for a long period. The price graph forms an ‘M’ shape.

Clark claims he can predict these market movements, selling when the market is at the top, then buying when the market reaches the ‘bottom’ or ‘middle’ of the ‘M’, and then finally selling when the market reaches the top again.

Clark doesn’t provide any reason to explain why the next market downturn will be an ‘M Wave’ recession. He claims some smaller stocks have recently gone through an M Wave movement. He also claims that during the last recession, he invested in 10 stocks that did exactly that.

“You could have doubled your money 10 different times in 2008,” Clark brags, citing gains of 100% to 233% he claims to have made as markets were crashing in 2008.

Ultimately, because of Jeff’s magical ability to time the markets perfectly and know exactly when the downturn will begin, investors can avoid having their portfolio affected by the next market downturn.

How to Avoid a Market Crash Using Moving Average Charts

A huge part of Jeff Clark’s strategy is based on a simple idea: he doesn’t look at the daily price of a security, nor does he look at the trading volume.

Instead, he focuses on two lines of any particular stock: the 50-day moving average and the 9-day exponential average. The 50-day moving average is the average share price for the last 50 days, while the 9-day exponential moving average is a similar short-term metric. However, you don’t have to understand what either term means to implement Clark’s technique.

“The secret is this: EVERY TIME you see that 9-day line cross ABOVE the 50-day line, the stock is almost guaranteed to go up.”

Clark calls this strategy “the Crossover”. It’s one of several strategies investors will learn through Jeff Clark’s Delta Report.

What’s Included with the Delta Report?

Your $2500 per year subscription to Jeff Clark’s Delta Report includes all of the following:

  • One year of Delta Report emails, sent to your inbox every Tuesday morning around 10am EST; the emails include a trading alert that “has the potential to double or triple your money”, including full details on how to execute that recommended trade
  • A report called, “Spotting the Perfect Trade: How to Make $1,000s A Week With Options”, where Clark describes how to make money using “his recommended options plays in dozens of different sectors, immediately”
  • Periodic email updates throughout the week advising subscribers when to lock-in gains, add to their position, and sell
  • 8-video tutorial series where Clark walks subscribers through everything they need to know about options trading
  • Delta Direct instant notification feature (available through an app or browser) that allows you to receive Clark’s “best trading ideas” throughout the day when markets are open

Jeff Clark Delta Report Pricing

Jeff Clark’s Delta Report is priced at $2,500 USD for a one-year supply.

Clark claims he usually sells the newsletter at a price of $5,000 but has recently decided to drop the price as part of the 2019 Crash Summit promotion.

Please note that the sales form is programmed to always state that the offer will expire at midnight tonight. If you’re viewing the sales page on June 1, for example, then the sales page will always say the offer expires at midnight on June 1.

Other Jeff Clark Delta Report Hidden Fees and Charges

It’s important to note that Jeff Clark’s team has hidden an automatic renewal policy in the fine print of the sales page. If you click on the ‘terms of use’ section of the sales page, you’ll see a lengthy document explaining various terms.

One term hidden within that extensive document is an automatic renewal policy. Specifically, Jeff Clark and his team will automatically charge your credit card $2500 per year, every year, until you manually call the company to cancel your subscription.

If you forget to cancel your subscription, then your credit card will be charged $2500 per year in perpetuity. The only way to cancel your subscription is to call Omnia Research during normal east coast business hours.

The automatic renewal is mandatory. There’s no way to disable the automatic renewal before submitting payment.

Jeff Clark Delta Report Refund Policy

There are plenty of red flags around Jeff Clark’s Delta Report. One of the biggest red flags, however, is that there are no refunds available. Once you have given $2500 to Jeff Clark and the Omnia Research team, they will refuse to give it back even if you are unsatisfied.

Here’s how the company describes its refund policy:

“Take the next 90 days to look over the Delta Report. If you’re not happy for any reason, contact our Member Services team within 90 days and receive a full credit for everything you paid today, which you can apply toward any other Legacy Research product of your choice.”

In other words, you get ‘in-store credit’ of $2500 instead of a real fund. If you didn’t like Jeff Clark’s Delta Report, or if you felt scammed by Jeff Clark and the Legacy Research team, then it seems unlikely you’ll want to purchase other products from the company.

We recommend filing a chargeback complaint with your credit card company if Legacy Research refuses to honor your refund request.

Who is Jeff Clark?

Jeff Clark is an investor and trader known for his Delta Report. For the last fifteen years, he has also edited two other investor email newsletters for Stansberry Research, including The Short Report and Pro Trader.

Prior to writing investment newsletters, Jeff ran a San Francisco-based brokerage company. That company was so successful that Jeff was able to retire at age 42. Jeff claims his brokerage company’s clients included “around 100 of California’s wealthiest individuals”.

Who Publishes Delta Report Online?

Jeff Clark’s Delta Report is published online by a company called Omnia Research, LLC. That company, confusingly, also seems to refer to itself as Legacy Research.

There’s limited information about Omnia Research or Legacy Research available online. There are two separate companies within the industry under similar names, including Omnia Financial and Omnia Group, LLC. Neither appear connected to Jeff Clark and his team.

Legacy Research’s About Us page, meanwhile, discloses slightly more information about the company. The site describes how Legacy Research Group’s daily newsletter features insight from “financial legends” like Bill Bonner, Doug Casey, Teeka Tiwari, Jeff Clark, and other experts.

All of these experts are also closely connected to Palm Beach Research Group, the controversial financial publisher known for its high-priced email newsletters and dubious online marketing techniques. Based on all of this information, it appears Legacy Research is a subsidiary or sister company of Palm Beach Research Group.

Is Jeff Clark’s Delta Report a Scam?

Jeff Clark and his team appear to be using shady marketing tactics to sell their newsletter online.

The sales page is filled with stories of ordinary investors making hundreds of thousands of dollars by following Clark’s investment advice. Clark himself claims to have made tens of millions of dollars in previous stock market crashes.

Delta Report also hides an automatic renewal term within its fine print. The automatic renewal information isn’t listed anywhere on the main sales page. If you take no action, then your credit card will be charged $2500 today and $2500 every year of your life until you die or cancel your subscription.

Another sign indicating that Delta Report may be a scam is that there are no refunds available: although you can technically apply for a refund, it only gets applied towards store credit for other high-priced Omnia Research products.

The terms of service also forbid you from bringing certain lawsuits against Omnia Research, limiting your legal recourse.

For all of these reasons, some may view Jeff Clark’s Delta Report as a scam.


Jeff Clark’s Delta Report and the 2019 Crash Summit are advertised online with dubious marketing claims and a limited refund policy – which is shocking given the newsletter’s $2500 per year price tag.

Like other shady investment advice newsletters, Delta Report claims investors can make thousands of dollars in just days by following the advice within. The sales pages are filled with stories of ordinary investors earning hundreds of thousands of dollars with just a few simple trades by following the advice in Jeff Clark’s Delta Report.

Whenever someone claims you can get rich quick just by following simple investment advice, it’s important to be skeptical. However, if you believe Jeff Clark has the answers to 2019’s upcoming market downturn, then Jeff Clark’s Delta Report is available for purchase online today at a price of $2500 (with a mandatory automatic renewal attached).

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Crypto exchange BTCNEXT seeking Japan license



BTCNEXT, an Asian based cryptocurrency exchange, earlier this month announced it received notification from the Japan Financial Services Agency (FSA) that it must suspend services for Japanese residents.

As part of Noah Ark Technologies Ltd., BTCNEXT operates with a Virtual Currency Exchange license issued by the Cagayan special economic zone and Freeport Philippines.

The BTCNEXT team says that its legal department is currently working with the FSA in regards to getting a Japanese license and will take necessary steps to ensure full compliance with all FSA requests.

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NEO Price Prediction: Long-term (NEO) Value Forecast – June 2



  • The long-term outlook is in a bullish trend.
  • The 1.618 in the fibs at $19.17 is the bulls target in the long-term.

NEO/USD Long-term Trend: Bullish

Supply zone: $20.00, $30.00, $40.00
Demand zone: $2.00, $1.00, $0.50

NEO continues in the uptrend in its long-term outlook. The strong pressure on the cryptocurrency by the bulls’ comeback at the 61.8 on 18th May has kept price up with new high each week. $12.59 and $15.04 in the supply area were the highs on 20th and 30th May respectively.

The new week is started on a bullish note with today’s opening candle at $13.72 higher than last week opening price at $11.45, an indication that the bulls are more in the market.

Price is above the two EMAs that are fanned apart which suggest strength in the trend and in this case the uptrend.

The journey to 1.618 of the fib extension with price at $19.17 in the supply area is the bulls target in the long-term as the bullish momentum increase and more bullish candle open and closed above the two EMAS.

The views and opinion as expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

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Why Bitcoin’s ‘Culture War’ Matters



Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.

Let’s talk about bitcoin, toxicity and inclusiveness.

(Boy, my Twitter feed is going to have fun over the next few days.)

To start with, let me take a position: I stand with those people, especially women, who’ve lately been calling out maltreatment from members of the bitcoin community and citing rude and abusive behavior as proof of that community’s lack of inclusiveness. These are people who believe in cryptocurrency technology’s potential but feel discouraged to believe that they belong to the community’s dominant white-male subculture. If this technology is to fulfill its global potential, the community associated with it must confront this problem.

But the real point of this column is not to just defend these critics. It’s to debunk one of the more common positions adopted by those who take issue with their complaints, particularly on Twitter. In doing so, I hope to emphasize just how important the concepts of “community” and “culture” are to the healthy development of crypto technology and the ecosystem growing around it.

Hammer culture?

The line that’s most often thrown back at those calling out incivility is that bitcoin is nothing more than a technology, a tool, and that it’s meaningless to attach to it value judgments relating to human behavior. Bitcoin is amoral, apolitical and a-cultural, the argument goes, and like any technology it is used by good and bad people alike.

These pundits, warning of a political correctness-based threat to free speech, will then advise the injured party to take issue directly with the bad actors but refrain from agitating for community-wide change.

A perfect example of the genre came from outspoken lawyer Preston Byrne.

Clever, yes. But it’s extremely unhelpful, because the examples given do not share equivalent terms of reference.

Byrne’s “hammer” refers solely to the steel implement that tradesmen use. By contrast, people complaining about “bitcoin” are clearly using the word in a much wider context than in merely a reference to the code, to the ones and zeros that comprise the bitcoin protocol. They are inherently talking about the wider ecosystem and community gathered around the idea of bitcoin.

So, let’s equalize the terms, shall we? We can turn each of these nouns into a modifier of the word “community.”

While it might sound silly to talk about a “hammer community,” there may well be groups of hammer-obsessed souls who debate questions of design and ease of use at meetups and in chat rooms. If so, I’m going to guess that that community would probably also be predominantly male.

But the real issue is that such a hammer community is going to be far less important to the future design and evolution of hammer technology than bitcoin’s community is to its. I’m no expert, but I don’t see a great deal of change in hammer technology having occurred over the centuries and I’m not sure people expect much in the future. As such, we don’t see much jockeying among users to ensure that proposals for hammer upgrades are implemented and standardized to their preferred design.

By contrast, the open-source technology behind bitcoin is in a constant state of evolution. It is, by definition, under development, which is why we talk about the engineers who work on it as “developers,” not “custodians.” As such, there is a constant battle of interests over who gets to modify the code. Exhibit A: the block-size debate.

Counter-arguing that those who don’t like the process can just fork the code, as the large-blockers did, and set up their own new community, doesn’t cut it for me. Bitcoin is the brand that matters. Any newcomer will struggle to achieve the same network effects. Secession just isn’t viable for anyone who likes its current design but doesn’t like how its future is being defined.

Also, is there a “hammer ecosystem?” Maybe. But beyond producers of nails, and perhaps steel and rubber or wood suppliers, you can hardly call it a complex ecosystem.

Bitcoin, by contrast, which purports to reinvent the global system of money, has attracted an inherently vast array of different technology providers, all of whom have competing interests in how it is designed, managed and marketed to the world. I’m not just talking about businesses applications built on top of it, but also the developers of related encryption, payment channel, smart contract and other vitally important technologies, all of which are themselves in a constant state of flux.

(I’m guessing that the exhibition halls at hammer conventions don’t have quite the same spread of offerings as cryptocurrency events such as Consensus.)

Saying that bitcoin is nothing but a tool, is like saying that music is nothing but a system for ordering different audible tones.

Money = community

When Paul Vigna and I wrote The Age of Cryptocurrency, we spent a lot of time chronicling the emergence of the community that had formed around bitcoin, which we saw as fundamental to its success. It struck us that the notion of a bitcoin community was so prominent — the “c” word was always being bandied about — because bitcoin embodied a profound and sweeping social idea. It offered nothing less than a reinvention of money, a revolution in the entire system for coordinating human value exchange.

Money only works to the extent that there is widespread belief in it, that people buy into its core myth. Money, Felix Martin says, is a social technology, by which he means that its functionality and usability depend far less on the physical qualities of the token that represents it than on the collective agreement among large communities of people that their token captures, represents and communicates transferable value. This is true whether we’re talking about gold, dollar bills, entries in a bank account, or cryptocurrency.

By extension, then, for any form of money to succeed, it must sustain a vibrant, growing community.

Communities = culture

The thing about communities is that they inevitably develop cultures. In self-defining their boundaries of belonging, they develop shared ways of seeing and language — akin to a kind of social protocol – that regulate (in a very unofficial, and quite subconscious way) their members’ behavior.

As they evolve, cultures can become more or less open, more or less inclusive, more or less abrasive in their treatment of outsiders. And inevitably, these cultural features will either encourage or impede the growth of the community.

All this should hardly be a revelation. Anthropology, the study of culture, is a globally widespread and influential field (one that is now appropriately turning its attention to cryptocurrency communities.)

Studies of U.S. culture, from Alexis de Tocqueville down, have rightly pointed to the inclusiveness of the founding fathers’ ideas as a key driver of its economic expansion. In fact, American culture is arguably its most important ingredient for success, a social manifestation of Joseph Nye’s notion of the United States’ “soft power.”

So, yes, bitcoin culture really, really matters. If the compelling ideas behind permissionless, peer-to-peer exchange and censorship-resistant money that attract people of all stripes to it are to retain those people’s interest and grow in influence, the bitcoin community needs to evolve a more inclusive culture.

The only way to do that is to spur the kind of open debates that have always driven the progress of human culture — those which shifted norms and mores to the point that it became unacceptable to own slaves, to spit in public, or to jump a queue.

So, listen up, bitcoin. It’s time to confront your toxicity.

Hazard drums image via Shutterstock

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Holiday Spending up 14.6% as E-Commerce Beats Brick-and-Mortar



E-commerce sales hit record highs this year as Americans continue to move their holiday shopping online.

According to Mastercard’s SpendingPulse report, online retail grew 18.8% over last year’s holiday season. That’s enough to make online sales a record 14.6% of holiday shoppers total spend, the report says.

Online consumers this year spent 17% more on apparel, 8.8% more on jewelry, 10.7% more on electronics, and 6.9% more at department stores. 

Overall, holiday spending jumped 3.4% compared to 2018.

The strong numbers came in spite of 2019’s unusually short holiday season, commonly defined as the period between Thanksgiving and Christmas. Shoppers had six days fewer than they had in 2018.

Steve Sadove, an advisor for MasterCard, said in a press release that retailers adapted to the shortened season. 

“Due to a later than usual Thanksgiving holiday, we saw retailers offering omnichannel sales earlier in the season, meeting consumers’ demand for the best deals across all channels and devices.”

Interestingly – or ominously – retailers who accepted crypto or managed crypto payments were slow to respond when we asked them how their holiday shopping season went. eGifter, a gift card trading service, noted that it had not yet “crunched the numbers” on holiday sales but that “We saw growth in overall crypto sales,” said Bill Egan, the site’s VP of Marketing.

“We saw more gifting with crypto in 2019, compared to buy-for-self use cases in prior years,” he said.

Payment processor BitPay found the holidays quite inspiring as well.

“We saw twice our daily averages of processed volume leading up to the holiday,” said BitPay’s CMO, Bill Zielke.

It will be interesting to see what kind of statistics surface over the next few seasons as e-commerce becomes king and crypto payments come to the fore.

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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Crypto Custodians Grapple With Germany’s New Rules



Crypto firms in Germany are getting ready to exist under a new regime. 

Under a law going into effect Jan. 1 requiring digital asset custodians to be licensed, each company that currently custodies crypto and targets German clients must announce to Germany’s Financial Supervisory Authority (BaFin) its intention to get a license before April 1 and submit an application before Nov. 1.  

A clause allows current crypto custodians to keep serving German customers without being penalized if they declare their intent to apply, but those same companies are waiting on BaFin to release final regulations around the law.

“As long as the legislation is not in place, BaFin is not going to think about how to cope or how to deal with the legislation,” said BaFin press officer Norbert Pieper. The regulator declined further comment and Germany’s Federal Ministry of Finance did not respond to request for comment by press time.

Pieper added: “There is no date foreseeable [yet] by which we’ll be able to communicate the results of our assessment. We will certainly communicate that on our website.” 

While the final regulations haven’t been set yet, the new license requirement may not produce the same kind of exodus of crypto firms that New York saw after the BitLicense requirement, said Miha Grčar, head of business development at Bitstamp.

London-based Bitstamp, one of Europe’s largest crypto exchanges, plans to continue operating in Germany but declined to say whether it would apply for a license, said Grčar. Crypto firms could also use a white-labeled custody service to operate in Germany. 

Because the law is an “updated version of the existing banking regulation,” banks will likely have the most to gain from it, Grčar added. Companies that get the license will be German financial institutions, but not classified as banks.

The law also means that German regulators now see crypto as a “legitimate” industry, he said. 

Ulli Spankowski, chief digital officer and managing director of the crypto custody subsidiary of German stock exchange Boerse Stuttgart, called Blocknox, sees the license as a step forward for “the professionalism of the industry.” The subsidiary has already advised BaFin that it plans to apply.  

“There are other countries that won’t go for a full-fledged license,” he said. “If you want to get traditional, established players from the banking side, you need to give them this environment to feel safe.” 

DLC group is taking advantage of the new regulatory framework by offering consulting services for firms interested in applying, and its own white-labeled crypto custody service. 

Sven Hildebrandt, head of Distributed Ledger Consulting Group, is concerned some exchanges won’t understand the nuances of the new law.

“The law is only in German and no English translation of the law is out there,” he said. “What’s going to happen to exchanges? [Operating without a licence] is actually a felony and not a misdemeanor so that’s jail time.”

Hildebrandt predicts the costs of licensing will be similar to other German financial services licenses where firms will need two managing directors, an established German entity and 125,000 euros of starting capital. He also estimates installation will cost 250,000 to 350,000 euros and recurring yearly costs will be 350,000 euros. 

Switzerland-based Crypto Storage AG, a subsidiary of Crypto Finance AG, is opening a branch in Germany to offer crypto custody to banks and then financial technology startups. 

“Large banking houses will do custody business in the future,” Stijn Vander Straeten, CEO of Crypto Storage AG, said. “They are moving slowly, though. We’ll build it up now for a premium.” 

Berlin-based solarisBank this month opened a subsidiary called solaris Digital Assets to offer crypto custody as a service. So far, the bank has a handful of customers testing the service with more than 40 companies in the pipeline, said Alexis Hamel, managing director of solaris Digital Assets.

In addition to waiting for details from BaFin, crypto firms are also waiting to see if the law can be passported to other European Union states. 

“Germany is definitely at the forefront with the clearer regulation,” Hamel said. “We still need to see how other European countries level up.”

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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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