Socio-Economics History Blog

Socio-Economics & History Commentary

Jim Rogers: Turmoil Is Coming. Major Financial Market Collapse!

  • Jim Rogers: Turmoil Is Coming
    by Adam Taggart, http://www.peakprosperity.com/  
    Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week’s podcast, Jim shares his rational for predicting:

    * increased wealth confiscation by the central planners
    * a pending major financial market collapse
    * gold’s return as the preferred safe haven investment
    * more oil price weakness, followed by a trend reversal
    * Russia’s rebound
    * a China bubble reckoning
    * agriculture’s long-term value

    I suspect in the next year or two we will see some kind of major, major problems in the world financial markets. I would suspect when we have this correction, it’s going to cause central banks to panic. There’s going to come a time when there is not much the central banks can do when they have lost all credibility. When governments have lost all credibility. They will print and spend and borrow, but there comes a time when people are just going to say We don’t want to play this game anymore. And at that point, the world has serious, serious problems because there’s nothing to rescue us.

    I suspect the next economic/financial collapse will be the one they can’t deal with. But, if somehow they are miracle workers, be very, very careful. I would be worried about 2022 – 2023 then. The game will definitely be up if it’s not up this time around.

    read more.

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June 25, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Comments Off on Jim Rogers: Turmoil Is Coming. Major Financial Market Collapse!

Russia And China Just Put Another Nail In The Coffin of The Bretton Woods Petrodollar System

PetroDollar_Scam_Breaking_Down

  • Russia And China Just Put Another Nail In The Coffin of The Bretton Woods Petrodollar System
    by KURT NIMMO | WWW.INFOWARS.COM 
    Dollar collapse will result in war and police state fascism at home

    Sanctions imposed on Russia have little to do with Ukraine or the supposed aggressive behavior of Vladimir Putin. They are a direct response to a Russian move out of the petrodollar system that has ruled since the 1944 Bretton Woods Conference that established the US Dollar as the global world currency and created the World Bank and the IMF as the institutions upholding its hegemonic rule.

    On Tuesday it was announced that Russia and China are expected to use the ruble and yuan in payments for gas supplied using the western Altai pipeline. The proposed pipeline will export 30 billion cubic meters of natural gas a year from Russia’s Western Siberia to North-Western China.

    “As a sales contract is not signed, then, of course, the currency of payment has not yet been determined,” said Gazprom Export CEO Elena Burmistrova. “However, the Chinese side and the Russian side are discussing today and are in intricate negotiations on the possibility of paying in yuan and rubles.”

    The announced plan followed an October 2014 deal signed between Beijing and Moscow that will strengthen the yuan and ruble and reduce dollar and euro dependency.

    Prior to this, the Russian oil company Gazprom Neft agreed to export 80,000 tons of oil from the Novoportovskoye field in the Arctic via the Eastern Siberia-Pacific Ocean pipeline and will only accept payment in Chinese yuan, according to the Russian business daily Kommersant.

    “The Chinese and Russians are working together against the Americans, and there are many countries that would be happy to join them in dethroning the U.S. dollar as the world’s reserve currency. This historic gas deal between Russia and China is very bad news for the petrodollar,” Marin Katusa wrote for Forbes last May.

    Another woe is an alternative development bank announced by BRICs, the governments of Brazil, Russia, India and China. “It’s long been obvious the BRICs are coming,” Liam Halligan wrote for the Telegraph last August. “The total annual output of these four economies has spiraled in recent years, to an astonishing $29.6  trillion (£17.3 trillion) last year on a PPP-basis adjusted for living costs. That’s within spitting distance of the $34.2 trillion generated by the US and European Union combined.”

    A move by Russia and China out of the dollar will ultimately undermine the the Treasury market in the United States and result in the collapse of the global elite’s astronomical and continually spiraling $17.5  trillion of dollar-denominated debt, an imposed obligation that translates into $53,000 for every person in the United States.

    read more.

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June 18, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Comments Off on Russia And China Just Put Another Nail In The Coffin of The Bretton Woods Petrodollar System

Jim Willie: Financial Derivatives Accidents, QE $1Trillion per Quarter, Petrodollar Dismantling …

  • Published on Jun 11, 2015
    Join me for another great interview with Dr. Jim Willie in Costa Rica. Topics covered:


    • Deutsche bank CEOs get the boot? Surely something big behind it?..- stench indicates a serious derivative accident, now out of control
    • Chinese Yuan is to be part of IMF Special Drawing Rights / – IMF SDR decision to include Chinese RMB is a pure Trojan Horse – next comes seeding global banks with RMB Bonds
    • 2) USTreasury Bond market volume dangerously low. 
    • What lies ahead for US Treasury Bonds? 
    • Is large scale USTBond dumping ahead?
    • 3) USFed is using Belgium, Luxembourg, Ireland, Cayman Islands, and Switzerland to export QE. 
    • Call them the BLICS, in contrast to the BRICS. What is the role of the BLICS in cahoots? 
    • Could the QE volume in total be possibly over $1 trillion per quarter?
    • How is the Greek situation playing out? Is an economic upheaval across the world unavoidable
    • If (when) they default/leave the European Union?

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June 13, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie: Financial Derivatives Accidents, QE $1Trillion per Quarter, Petrodollar Dismantling …

The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

RMB_world_currency_billboard China

  • The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi
    by Tyler Durden, http://www.zerohedge.com  
    Two topics we’ve deemed critically important to a thorough understanding of both global finance and the shifting geopolitical landscape are the death of the petrodollar and the idea of yuan hegemony. 

    Last November, in “How The Petrodollar Quietly Died And No One Noticed,” we said the following about the slow motion demise of the system that has served to perpetuate decades of dollar dominance:

    Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop.

    read more.

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June 10, 2015 Posted by | Economics | , , , , , , , | Comments Off on The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

John Williams: Early Roots of Hyperinflation in the Not Too Distant Future

  • Published on May 10, 2015
    On the U.S. dollar, economist John Williams says because the Fed will not be able to raise rates in a sinking economy, the dollar will sink too. Williams explains, “That’s why you’ve seen weakness in the dollar in the last couple of weeks. As the economic outlook has dimmed and expectations of the Fed raising rates has been pushed off into the future, which is a major factor in the unfolding dollar weakness, it’s still a lot stronger than a year ago, but the downturn in the dollar has started. . . . Unexpected economic weakness adds stress to the financial system. It also tends to widen projections on the budget deficit. It will make Treasury fundings more difficult. The Fed’s going to need to be in there monetizing debt and doing what it can do to prop up the banks. That is all bad news for the dollar. As the dollar weakens, that’s going to be inflationary. As the dollar falls, oil prices will continue to rise. Gasoline prices are going to go higher again. That’s where you are going to see early stages of inflation. As the world gets used to the Fed debasing the dollar, you will see intensified selling. Watch for a massive decline in the dollar, which will be the early roots of hyperinflation in the not-too-distant future.” Join Greg Hunter as he goes One-on-One with John Williams of ShadowStats.com.


    http://usawatchdog.com/new-recession-…

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May 11, 2015 Posted by | Economics | , , , , , , , , , , , | Comments Off on John Williams: Early Roots of Hyperinflation in the Not Too Distant Future

McAlvany Weekly Commentary: Preparing for Global Currency Reset!

  • Published on Apr 28, 2015
    Venezuela’s Tier 1 Collateral: GOLD

    Putin vs. Obama: The new Energy War
    Safe Assets: Real, Out of sight, and Off the Grid

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May 1, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Comments Off on McAlvany Weekly Commentary: Preparing for Global Currency Reset!

Pastor Lindsey Williams: When Is The Banking System Going to Collapse? Crash of the Banks!

  • Published on Apr 26, 2015
    Lindsey Williams has released new information! We are about to experience the greatest economic crash in our lifetimes. Stan plays part of his new DVD regarding the coming banking crash, timing, loss of deposits, interest rates and more. 


    Air date: 2015-03-03 (Part 1)
    Air date: 2015-03-04 (Part 2)
  • Topics covered include:

    * When is the US banking system going to Crash?
    * Bank deposits are no longer money.
    * ISIS vs ISIL
    * The truth about oil.
    * Deflation Not Inflation
    * Annihilation of Israel
    * Violence in Washington
    * Interest Rates 
    * The Levant 

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April 28, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Pastor Lindsey Williams: When Is The Banking System Going to Collapse? Crash of the Banks!

Jim Willie on End Game Prediction: “We’re in that Stage Right Now!”

  • Jim Willie on End Game Prediction: “We’re in that Stage Right Now!”
    by http://www.silverdoctors.com/ 
    Wondering why metals are crashing again? Hat Trick Letter Jim Willie just might have the answer. In this MUST LISTEN interview with Finance & Liberty’s Jim Willie, The Golden Jackass explains how he predicted years ago that we would be in the end stage for the dollar when it begins to rise,  and states that “We are in that stage right now!” 
  • Published on Apr 24, 2015
    IN THIS INTERVIEW:

    – What is the difference between money, legal tender, and the U.S. dollar? ►0:27 
    – Triggers that could crash the financial system ►7:44 
    – How is the rising U.S. dollar affecting Emerging Market debt? ►18:46 
    – Big Western banks facing a failure event with the coming defaults from Greece and Ukraine ►26:07 
  • IN PART 2:
    – How is the slowing of shale oil production going to impact the financial sector? ►0:00
    – Can we turn the economy around? ►15:35

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April 25, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Jim Willie on End Game Prediction: “We’re in that Stage Right Now!”

Rob Kirby on Grexit, Evidence of Collapse, USD Being Shunned, More …

  • Published on Apr 22, 2015
    April 20, 2015 / ROB KIRBY INTERVIEW 

    · Greece Exit from EU?
    · Evidence of ongoing collapse
    · US dollar being dumped globally
    · Dangerous times ahead as System cracks and breaks Paper vs. Physical Gold and Silver markets Oil Market another rigged game

    http://www.kirbyanalytics.com/

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April 23, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Rob Kirby on Grexit, Evidence of Collapse, USD Being Shunned, More …

Countries Around The World Are Now Dumping The Petrodollar!

  • Published on Apr 16, 2015
    IMF does not foresee Greece leaving the Euro zone. More than 100,000 people laid off in oil industry. Bankruptcies and Foreclosures skyrocket. Japan is the largest US debt holder. As oil prices decrease, countries are now dumping the petrodollar. TSA is now getting weapons, DHS orders 62 millions rounds of ammo. Ukraine killing those people they don’t need. Ukraine getting ready for a major offensive, equipment being brought to the contact line. Next 911 will be done with remote controlling a plane.

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April 18, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | Comments Off on Countries Around The World Are Now Dumping The Petrodollar!

The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace!

PetroDollar_Scam_Breaking_Down

  • The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace!
    by Tyler Durden, http://www.zerohedge.com  
    Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Here’s what we said last year:

    Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop…

    read more!

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April 16, 2015 Posted by | Economics | , , , , , , | Comments Off on The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace!

Iran’s Revolutionary Guards Said ‘Preparing for War’ in Case Deal Collapses!

Strait of Hormuz: critical passage key to oil shipments

  • Iran’s Revolutionary Guards Said ‘Preparing for War’ in Case Deal Collapses!
    by http://www.timesofisrael.com/  
    Fearing military strike if talks break down, Guards reportedly ready to close Strait of Hormuz, where they drilled to attack US forces weeks ago.

    Iran’s Revolutionary Guards “are preparing for war” in the event that negotiations to turn Thursday’s framework nuclear agreement into a binding deal by June 30 collapse, an Israeli TV report said Sunday night, citing Arab intelligence agencies

    The Israeli Channel 10 report said Arab intelligence agencies have warned “France, the UK and the US” that the Revolutionary Guards fear Iran could face a military strike should the talks break down, and that the Guards are ready to close the Strait of Hormuz and take other unspecified measures. The Wall Street Journal reported Friday that the US was working as recently as January on improving its biggest bunker buster bombs in case they were needed for strikes on Iran’s nuclear facilities.

    read more!

MIDDLE EAST: Strait of Hormuz factfile

straits-of-hormuz_Oil_Gateway_to_TheWorld

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April 8, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , | 1 Comment

Jim Willie: Chinese Plan to Take Control of the Gold Fix!

Click on image for Part 1 of MP3 audio interview!

Click on image for Part 1 of MP3 audio interview!

  • Jim Willie: Chinese Plan to Take Control of the Gold Fix!!
    by http://www.silverdoctors.com/, http://www.tfmetalsreport.com/  
    Jim Willie returns with an open mic and lots on his mind. If you’re looking for something to do this holiday weekend, here’s 120 minutes of free-range Golden Jackass to help you kill the time.

    Just a few of the topics covered in this MUST LISTEN interview:

    * The Shanghai Gold Exchange, Chinese gold intentions and a discussion of the dollar
    * The Bakken shale fields and crude oil in general
    * The continued growth of swap facilities for the yuan and the growing Chinese bond market
    * Grexit and the EU and the euro and Russia and Turkey…and how these parts fit together

    120 MUST LISTEN minutes with Hat Trick Letter Editor Jim Willie & Craig Hemke: Part 1 – top of post, Part 2 – below!
Click on image to download MP3 interview!

Click on image to download Part 2 of MP3 interview!

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April 4, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

“Unholy Alliance” Between Saudi Arabia and Israel. A US-Iran Nuclear Deal Would Trigger Regional Political Re-alignments!

http://www.timesofisrael.com/saudis-said-to-mull-air-passage-for-israeli-jets-to-attack-iran/

Click on image for article!

  • The duplicitous western Illuminati is simply playing a war game. Instead of using Pentagram-America to attack Iran, they are employing their proxies: Saudi Arabia and Zionist ‘666’ Israel, the Satanic counterfeit to attack Iran. (The House of Saud is Jewish) Out of 1 side of their mouths they talk peace and reconciliation, the other side of their mouths they foment war behind the scenes.
  • All the MSM reports about an Iranian “Nuclear Threat” are PROPAGANDA. Iran does not have any nuclear bombs nor a nuclear weapons program. The real nuclear threat in the Middle East is Zionist ‘666’ Israel. The Satanic counterfeit is reported to have 400+ nuclear bombs!
  • IMO, Iran does not need to have nuclear weapons. Because in the event that Zionist ‘666’ Israel bombs Iran with nuclear weapons, Russia and China will come to their rescue. Russia and China will protect their interests in the Middle East and provide nuclear bombs to Iran. The alternative ie. Russia and China going to war with Zionist ‘666’ Israel and Saudi Arabia, does not make strategic (or tactical) sense. They will fight via their proxy: Iran!
  • “Unholy Alliance” between Saudi Arabia and Israel. A US-Iran Nuclear Deal Would Trigger Regional Political Re-alignments! 
    by Salman Rafi Sheikh, New Eastern Outlook, via http://www.globalresearch.ca/ 
    Any probable nuclear deal between the United States of America and Iran is likely to result in giving a new trajectory to their bi-lateral relations; however, it is not the US-Iran relations alone that would enter a new phase of political history. As a matter of fact, this deal is most likely to send political jolts across the entire Middle Eastern political landscape, with Saudi Arabia and Israel standing as the most sensitive areas to bear its shocks; and as such, are most likely to clutch their hands into an alliance against Iran, and by default, against the US ambitions as well.

    It is not, however, to suggest that Saudia and Israel would essentially adopt an anti-US strategic posture. What is becoming evident is that these three states will be re-negotiating the terms of their mutual relations to meet changing geo-political realities in a more ‘composite’ manner. This strategic negotiation is not, however, to be manned by the US itself, nor would it be playing the role of a crucial “balancer” between regional players. The US, in the contrary, would itself be a party to this process, and as such, would be more concerned about maintaining its own relations with Israel, Iran and Saudi Arabia than about merely assuring Israel and Saudia about the ‘harmless’ nature of the nuclear deal with Iran.


    The process of re-negotiations has already started, and the fact that the US will be re-negotiating its own relations with her key regional allies is quite evident from the agenda John Kerry forwarded during his recent visit to Saudi Arabia. The main reason(s) for Kerry to visit Saudia was not that the US needed Saudi ‘support’ for finalizing this deal; it was necessary because the US wanted to make sure Saudi support in other matters of regional importance. Convincing Saudi Arabia to accept any agreed nuclear deal is important to President Barack Obama because he needs Riyadh to work closely with Washington on a host of regional policies and to maintain its role as a ‘moderating’ influence in oil markets. While the main critics of the US push for a nuclear deal with Iran are Israel and Congressional Republicans, Sunni Muslim powerhouse Saudi Arabia is also concerned that an accord would allow Iran to devote more cash and energy to Shi’ite proxies in Syria, Iraq, Lebanon and Yemen, and in Saudia itself, which might lead to a serious escalation in regional conflict(s) of religious and non-religious nature.

    On the other hand, Saudi concerns with regard to this deal are not based upon the possibility of Iran enjoying better relations with the US; Saudi concerns are largely related to her own position in the region following this deal; for, Iran does have enough politico-military and economic potential to counter-balance Saudi led “Sunni” states in the Middle East and beyond. It is precisely for this very reason that Saudi Arabia’s anxiety about an agreement has fueled a flurry of intense diplomacy in recent days to bolster unity among “Sunni” states in the Middle East in the face of “shared threats”, especially those emanating from Iran.

    read more!
http://www.timesofisrael.com/israel-said-to-be-working-with-saudi-arabia-on-iran-strike-plan/

Click on image for article!

http://www.scribd.com/doc/108902116/Brookings-Institution-s-Which-Path-to-Persia-Report

Click on image for article!

http://www.jpost.com/International/Exclusive-Cornered-but-unbound-by-nuclear-pact-Israel-reconsiders-military-action-against-Iran-382541

Click on image for article!

http://www.timesofisrael.com/israeli-air-force-chief-we-may-have-to-send-planes-to-iran-tomorrow/

Click on image for article!

http://www.israeltoday.co.il/NewsItem/tabid/178/nid/24515/Default.aspx?hp=readmore

Click on image for article!

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March 30, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Ron Paul: Yemen Exploding – Is the Stage Set for the Big War?

  • Ron Paul: Yemen Exploding – Is the Stage Set for the Big War? 
    by , http://antiwar.com/ 
    Rapid changes are occurring in Yemen. Ever since United States had to leave its military base there, other powers have been lining up to benefit from the chaos. It has been revealed that Saudi Arabia has commenced bombing targets in Yemen. Egypt has announced its support for the Saudi effort. I am quite confident that this support is in compliance with our instructions to our puppet leader now in charge in Egypt. The current president of Yemen, Hadi, a leader who took over after the Arab Spring revolution, has been removed from power. He is said to have escaped to Saudi Arabia, and those who are now in charge in Yemen will most likely kill him if he returns.

    Yemen has been instrumental in the US effort to fight al-Qaeda in the region. Unsuccessfully, I might add. The Houthis who have deposed Hadi are said to get their support from Iran and are now likely the strongest political force in the country. But they will not have an easy time of it. Too much is at stake for the United States and Saudi Arabia. We don’t read much about the Saudi Air Force being involved in military conflict, but the seriousness of the situation has prompted them to do exactly that. There are also reports that 150,000 or more troops are massed near the borders of Yemen for a probable invasion. It is assumed that other Arab nations will be involved, along with Egypt. One report said that it appears the country is “sliding toward a civil war.” I would suggest that it’s past sliding toward the civil war, and, rather, is involved deeply in a civil war that is now spreading outside its own borders.

    The neoconservatives, I am sure, will blame everything on Iran. And it’s likely Iran may have been involved in giving some type of support to the Shia that now are on the verge of taking over the country. But one must ask, “How does this compare to the support the United States has given to over 100 countries in recent years, with a major portion going to the Middle East?” There’s a big difference between a country becoming involved in a crisis next door and a country getting involved 6000 miles away.

    It looks like the former president, Ali Abdullah Saleh, a military dictator who was deposed in the Arab Spring revolution, is now aligned with the Shia Houthis who are supported by Iran. This will not be tolerated by the United States, and we can expect the US to provide indirect military assistance to those who are prepared to invade Yemen and install a US friendly dictator.

    read more!
http://americanfreepress.net/?p=7593: Clandestine session at Library of Congress involves top U.S. policy makers

Click on image for article!

http://americanfreepress.net/?p=9149

Click on image for article!

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March 30, 2015 Posted by | GeoPolitics | , , , , , , , , , , , , , | Comments Off on Ron Paul: Yemen Exploding – Is the Stage Set for the Big War?

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