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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? (1297 Views)
Anti Russian Sanctions: The Effect In Europe / "New Sanctions": The EU Wants To Set Their Own Prices For Russian Resources / Donald Trump Could Be About To Lose U.S. Dollar Hegemony To China (2) (3) (4)
Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by scully95: 9:45pm On Aug 18, 2018 |
by Peter Koenig Sanctions left and sanctions right. Financial mostly, taxes, tariffs, visas, travel bans – confiscation of foreign assets, import and export prohibitions and limitations; and also punishing those who do not respect sanctions dished out by Trump, alias the US of A, against friends of their enemies. The absurdity seems endless and escalating – exponentially, as if there was a deadline to collapse the world. Looks like a last-ditch effort to bring down international trade in favor of — what? – Make America Great Again? – Prepare for US mid-term elections? – Rally the people behind an illusion? – Or what? All looks arbitrary and destructive. All is of course totally illegal by any international law or, forget law, which is not respected anyway by the empire and its vassals, but not even by human moral standards. Sanctions are destructive. They are interfering in other countries sovereignty. They are made to punish countries, nations, that refuse to bend to a world dictatorship. Looks like everybody accepts this new economic warfare as the new normal. Nobody objects. And the United Nations, the body created to maintain Peace, to protect our globe from other wars, to uphold human rights – this very body is silent – out of fear? Out of fear that it might be ‘sanctioned’ into oblivion by the dying empire? – Why cannot the vast majority of countries – often it is a ratio of 191 to 2 (Israel and the US) – reign-in the criminals? Imagine Turkey – sudden massive tariffs on aluminum (20%) and steel (50%) imposed by Trump, plus central bank currency interference had the Turkish Lira drop by 40%, and that ‘only’ because Erdogan is not freeing US pastor Andrew Brunson, who faces in Turkey a jail sentence of 35 years for “terror and espionage”. An Izmir court has just turned down another US request for clemency, however, converting his jail sentence to house arrest for health reason. It is widely believed that Mr. Brunson’s alleged 23 years of ‘missionary work’ is but a smoke screen for spying. President Erdogan has just declared he would look out for new friends, including new trading partners in the east – Russia, China, Iran, Ukraine, even the unviable EU, and that his country is planning issuing Yuan-denominated bonds to diversify Turkey’s economy, foremost the country’s reserves and gradually moving away from the dollar hegemony. Looking out for new friends, may also include new military alliances. Is Turkey planning to exit NATO? Would turkey be ‘allowed’ to exit NATO – given its strategic position maritime and land position between east and west? – Turkey knows that having military allies that dish out punishments for acting sovereignly in internal affair – spells disaster for the future. Why continue offering your country to NATO, whose only objective it is to destroy the east – the very east which is not only Turkey’s but the world’s future? Turkey is already approaching the SCO (Shanghai Cooperation Organization) and may actually accede to it within the foreseeable future. That might be the end of Turkey’s NATO alliance. What if Iran, Venezuela, Russia, China – and many more countries not ready to bow to the empire, would jail all those spies embedded in the US Embassies or camouflaged in these countries’ national (financial) institutions, acting as Fifth Columns, undermining their host countries’ national and economic policies? – Entire cities of new jails would have to be built to accommodate the empire’s army of criminals. Imagine Russia – more sanctions were just imposed for alleged and totally unproven (to the contrary: disproven) Russian poisoning of four UK citizens with the deadly nerve agent, Novichok – and for not admitting it. This is a total farce, a flagrant lie, that has become so ridiculous, most thinking people, even in the UK, just laugh about it. Yet, Trump and his minions in Europe and many parts of the world succumb to this lie – and out of fear of being sanctions, they also sanction Russia. What has the world become? – Hitler’s Propaganda Minister, Joseph Goebbels, would be proud for having taught the important lesson to the liars of the universe: “Let me control the media, and I will turn any nation into a herd of Pigs”. That’s what we have become – a herd of pigs. Fortunately, Russia too has moved away so far already from the western dollar-controlled economy that such sanctions do no longer hurt. They serve Trump and his cronies as mere propaganda tools – show-offs, “we are still the greatest!”. Venezuela is being sanctioned into the ground, literally, by from-abroad (Miami and Bogota) Twitter-induced manipulations of her national currency, the Bolívar, causing astronomical inflations – constant ups and downs of the value of the local currency, bringing the national economy to a virtual halt. Imported food, pharmaceuticals and other goods are being deviated at the borders and other entry points, so they will never end up on supermarket shelves, but become smuggle ware in Colombia, where these goods are being sold at manipulated dollar-exchange rates to better-off Venezuelan and Columbian citizens. These mafia type gangs are being funded by NED and other similar nefarious State Department financed “NGOs”, trained by US secret services, either within or outside Venezuela. Once infiltrated into Venezuela – overtly or covertly – they tend to boycott the local economy from within, spread violence and become part of the Fifth Column, primarily sabotaging the financial system. Venezuela is struggling to get out of this dilemma which has people suffering, by de-dollarizing her economy, partly through a newly created cryptocurrency, the Petro, based on Venezuela’s huge oil reserves and also through a new Bolivar – in the hope of putting the breaks on the spiraling bursts of inflation. This scenario reminds so much of Chile in 1973, when Henry Kissinger was Foreign Secretary (1973-1977), and inspired the CIA coup, by “disappearing” food and other goods from Chilean markets, killing legitimately elected President Allende, bringing Augusto Pinochet, a horrendous murderer and despot to power. The military dictatorship regime brought the death and disappearance of tens of thousands of people and lasted until 1990. Subjugating Venezuela might, however, not be so easy. After all, Venezuela has 19 years of revolutionary Chavista experience – and a solid sense of resistance. Iran – is being plunged into a similar fate. For no reason at all, Trump reneged on the five-plus-one pronged so-called Nuclear Deal, signed in Vienna on 14 July 2015, after almost ten years of negotiations. Now – of course driven by the star-Zionist Netanyahu – new and ‘the most severe ever’ sanctions are being imposed on Iran, also decimating the value of their local currency, the Rial. Iran, under the Ayatollah, has already embarked on a course of “Resistance Economy”, meaning de-dollarization of their economy and moving towards food and industrial self-sufficiency, as well as increased trading with eastern countries, China, Russia, the SCO and other friendly and culturally aligned nations, like Pakistan. However, Iran too has a strong Fifth Column, engrained in the financial sector, that does not let go of forcing and propagating trading with the enemy, i.e. the west, the European Union, whose euro-monetary system is part of the dollar hegemony, hence posing similar vulnerability of sanctions as does the dollar. China – the stellar prize of the Big Chess Game – is being ‘sanctioned’ with tariffs no end, for having become the world’s strongest economy, surpassing in real output and measured by people’s purchasing power, by far the United States of America. China also has a solid economy and gold-based currency, the Yuan – which is on a fast track to overtake the US-dollar as the number one world reserve currency. China retaliates, of course, with similar ‘sanctions’, but by and large, her dominance of Asian markets and growing economic influence in Europe, Africa and Latin America, is such that Trump’s tariff war means hardly more for China than a drop on a hot stone. North Korea – the much-touted Trump-Kim mid-June Singapore summit – has long since become a tiny spot in the past. Alleged agreements reached then are being breached by the US, as could have been expected. All under the false and purely invented pretext of DPRK not adhering to her disarmament commitment; a reason to impose new strangulating sanctions. The world looks on. Its normal. Nobody dares questioning the self-styled Masters of the Universe. Misery keeps being dished out left and right – accepted by the brainwashed to-the-core masses around the globe. War is peace and peace is war. Literally. The west is living in a “peaceful” comfort zone. Why disturb it? – If people die from starvation or bombs – it happens far away and allows us to live in peace. Why bother? – Especially since we are continuously, drip-by-steady drip being told its right. In a recent interview with PressTV I was asked, why does the US not adhere to any of their internationally or bilaterally concluded treaties or agreements? – Good question. – Washington is breaking all the rules, agreements, accords, treaties, is not adhering to any international law or even moral standard, simply because following such standards would mean giving up world supremacy. Being on equal keel is not in Washington’s or Tel Aviv’s interest. Yes, this symbiotic and sick relationship between the US and Zionist Israel is becoming progressively more visible; the alliance of the brute military force and the slick and treacherous financial dominion – together striving for world hegemony, for full spectrum dominance. This trend is accelerating under Trump and those who give him orders, simply because “they can”. Nobody objects. This tends to portray an image of peerless power, instilling fear and is expected to incite obedience. Will it? What is really transpiring is that Washington is isolating itself, that the one-polar world is moving towards a multipolar world, one that increasingly disregards and disrespects the United States, despises her bullying and warmongering – killing and shedding misery over hundreds of millions of people, most of them defenseless children, women and elderly, by direct military force or by proxy-led conflicts – Yemen is just one recent examples, causing endless human suffering to people who have never done any harm to their neighbors, let alone to Americans. Who could have any respect left for such a nation, called the United States of America, for the people behind such lying monsters? This behavior by the dying empire is driving allies and friends into the opposite camp – to the east, where the future lays, away from a globalized One-World-Order, towards a healthy and more equal multi-polar world. – It would be good, if our world body, the members of the United Nations, created in the name of Peace, would finally gather the courage and stand up against the two destroyer nations for the good of humanity, of the globe, and of Mother Earth. Peter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research; ICH; RT; Sputnik; PressTV; The 21st Century; TeleSUR; The Vineyard of The Saker Blog; and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance. http://ooduarere.com/news-from-nigeria/world-news/demise-dollar-hegemony/ 7 Likes 4 Shares |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by itchie: 11:09pm On Aug 18, 2018 |
Bunch of crap 3 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by QDubz(m): 6:59am On Aug 19, 2018 |
It a delibrate move by trump to check the strength of the dollar!. |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Donjazzy12(m): 7:07am On Aug 19, 2018 |
Chinese sponsored Expert. 3 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by scully95: 12:55pm On Aug 19, 2018 |
Donjazzy12: Lol.. Someone just like smoking donald trump cigar or which one should I call this ? Abi na Donald trump igbo with koko ? It's really funny how the Anglozionist empire quickly turned to a worst carbon copy of Soviet Union. In reality Anglozionist empire forces are the same forces behind soviet union if we re to go by the zionist hijack of Russian state during the Bolsheveik regime. It's now ok to say that Soviet Union = Anglozionist empire( A bigger and dying empire). The thing is, they always shoot themseves in the leg at the end of the day. This is what we are seeing obviously. 5 Likes 1 Share |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Scholes007(m): 4:02pm On Aug 19, 2018 |
Funny. They us itself is restractegising to embrace multi polar world. They are retreating from ur so called world power if u hvn't noticed. Trust me they know abt rise n fall of empires so keep ur China agenda to ur self. Let China bring things that will benefit the world n stop behaving like the us they criticize. The us is only fight for its interest in ur so called multi polar world. Pounds was once a major world currency n till this day it is still a world currency. |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Lucasbalo(m): 5:23pm On Aug 19, 2018 |
itchie:Crap and cow dung indeed. 1 Like |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Lucasbalo(m): 6:30pm On Aug 19, 2018 |
California State has the 5th biggest economy in the world and Texas State has the 11th best economy in the world. California with 28 million people has a far better GDP than Russia with 150 million people. That says enough right there. We will leave the members of HAC to keep fooling themselves. Waiting for the tissue paper they use as currency in Russia to compete with almighty $. Ask Nigerians which they prefer Russian Rubles or American $ and it will be 99% in favor of almighty $. God bless America and God bless Nigeria too. 3 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by scully95: 6:53pm On Aug 19, 2018 |
People need to stop this crazy propaganda mantra everyday that California has one biggest GDP... U.S GDP is like saying TBC is the biggest If you don't know what TBC is, this is a pure scam where one crook opened and just started increasing the price of the TBC without any demand or supply. As compared to the real BTC which value is determined by demand and supply ( Usually in form of buy or sell) See the difference between TBC and BTC. Is the same with anyone saying or singing the propaganda mantra that CA has the biggest what again ? China by far has the largest Economy in the whole world, I don't even care what propaganda the totality of the west coin together but with facts on the ground. Russia is 180 million, the fact is now on the street of LA, how you would know is the amount of homelesness in the same state. https://www.youtube.com/watch?v=vSs6hbRLe1I I can't even compare the level of homeless in the same CA to any state in Nigeria. How can anyone with its right senses not understand the difference between a real economy and a virtual and fake economy where they just keep printing $$$ and now that wars can no longer back the amount of $$$. We are seeing increasingly high number of homelessness in the same CA that claims to be large in GDP. Now anyone in the crypto world would understand the difference between BTC and TBC worst than mavrodi. (MMM still even paid its early victims) TBC did not pay any.. But just as a comparism to the same faked GDP of massive manipulation, I dont have time and nerves to explain more than this but to always counter this rubbish propaganda mantra. Watch this video. With loads of photos. https://www.youtube.com/watch?v=f0BqtEpUB_k Any Economy with massive homelesness and claiming to be the biggest in whatever level is only a scam, TBC like i explained above. 5 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by drakeli: 9:16pm On Aug 19, 2018 |
scully95:You are talking about people being homeless in California thereby the reason why California being economically strong is a scam. First of all, tell me where you live before I school you on reasons why there are many homeless people in the US. I live in the US, I have volunteered and worked with the homeless. I think I know more than you do about why they are homeless and the cause of their homeless. US is still the greatest economy in the world. You think only people from the third world countries come to the US to hustle? Come here and see so many Russians and Chinese hustling here like Africans. You don’t see Americans hustling on the streets of Russia and China like that. If Russia and China economy and currencies are so strong and greater , I don’t know why their citizens are hustling on the streets of America. 1 Like |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Lucasbalo(m): 10:45pm On Aug 19, 2018 |
drakeli:That guy Skunky Scully and his bunch of Hate America Club members are irredeemable. I have travelled very extensively all over the World for Work and Pleasure and there's no country in the world that doesn't have her fair share of homelessness but listen to the poor rat , you will think America is the only country with homeless people. The foool will even use American inventions like Google to throw out his junk. This is the same scam artist using PayPal an American inventions trying to scam people out of Their hard earned money. I get on the case of these foools once in a while but normally I just let them glow with their ignorance. A foool from the cave thinking $ will be obslote in World's Financial Circle. They have been spreading that junk since i came on board on Nairaland in 2012 and almighty $ is still waxing strong. Bunch of hungry and poverty cursed degenerates. 2 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by scully95: 12:08pm On Aug 21, 2018 |
drakeli: How can the real americans hussle when they don't even have homes. Is that what you call biggest economy in the world. Stop smoking donald trump cigar or igbo with koko. Wake up from your slumber China's Economy is the biggest in the world. China with a population over 1.3Billion. What do you expect before ? We are still saying the same thing, many americans are homeless cos of the dead american dream. Do you know why the dream died ? Because of printing too much $$$ and depending on war to drag the artificial demand for the dyeing dollar.. This has failed since Yugoslavian war. Syria, Afghan, Iraq, Libya = Fail (May be Ukraine, half of Ukraine they managed to take over Economially with selling debt. The re in reality selling printed dollar without nothing backing it.) So expect more americans on the street ok while the real husttlers take over the little meniac jobs cos job has also been exported to china. Again we re back to what I said earlier about a virtual and totaly fake Economy. So think of this each time you hear that mantra that California has the biggest Economy..Tell that to a noob or day old child. 4 Likes 1 Share |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by BedLam: 1:53pm On Aug 21, 2018 |
scully95:You are right. This is why a company like Tesla will have a higher market Cap than Toyota. It's all American manipulation. People just put hope in stuff without real value and the price is all gone up. How come only American company come so close ? It's the empire. Curiously, they ate waging wars on all fronts now. 2 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Appleyard(m): 2:26pm On Aug 21, 2018 |
I sometimes wonder why people can't see the difference between State and Country. The economy of a state within a country and that of Nation are not the same. Come to think of it: GDP is no longer the major determinant in measuring the economic strength of a nation. Purchasing Power Parity (PPP) is the key. California is GDP is favorably ahead that of Russia, Canada, Nigeria, and many other nations for obvious reasons. California population is far smaller than Russia's No potentially hostile enemies at the borders No standing army of its own No hordes of ediots chanting "California is evil and will kill us all" in every media source they can get their hands on No need to maintain a huge amount of army and care for thousands of nukes in case the ediots above acted on it. Much smaller territory to protect and govern Better weather conditions No one is slapping sanctions on California No government program such as free healthcare The state is home to Silicon Valley, Headquarters to Apple, Google, AMD, Adobe, Hollywood, etc. Its clear that the reason for the better GDP is because California happens to exist in much more favorable conditions than Russia and the aforementioned nations, and also because most of US prominent hi-tech companies are for some reasons crammed over there. If California were to be a country, its GDP won't even come close to that of shameless Nigeria, talkless of Russia or Canada. Now, the real yardstick in measuring wealth is PPP. Even the UN is no longer using GDP due to its crude method of calculating wealth. Take for instance, Japan is the Third richest country in the world by nominal GDP, yet its debt ceiling is 123% greater than its GDP. Imagine that! Isn't a fallacy? The same thing goes for the US. But when it comes to PPP, Japan ranked as the 4th largest economy in the world, which further makes it the second most productive economic in the world. Think about that. The same thing applies here. If we are to go by PPP, California is way below nations like Nigeria and Russia. For instance, it will cost 114.49% more to rent a house in L.A than you would in Moscow. The cost of purchasing consumer goods in California is 80% higher than what it would cost for same goods in Russia. Purchasing Power Parity is the difference. What 2 dollars will buy you in Michigan may not be able to buy you same in Washington. This is how economic wealth is measured these days. If the average currency in your country (say 1dollar) can't buy you a piece of bread, but my 1 Naira can buy me a piece of bread, even though your 1 dollar is greater than my 1 naira in value, then it means I have more economic wealth than you have by virtue of PPP. Also, if your one dollar can buy you a piece of bread but lives you without a change, whereas my one naira is able to buy me a piece of bread but left me a kobo, the bread and the remaining kobo strikes Parity with the missing value at which the dollar exceeded the naira-all by PPP. So, in that sense, California is not even close to being wealthier than Russia. Buy in strict GDP terns, its way ahead, although it is not a country, to mention. 2 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by alexola20(m): 2:48pm On Aug 21, 2018 |
scully95:No need wasting ur energy with the"america can never do wrong"sheeple. They have been brainwashed for a very long time by msm owned or sponsored by the same JewSA banksters and nwo criminals. China is today the biggest economy and the very close to dominating the world over in everything. And they are very smart too by ignoring the war mantra of the pink people. 3 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by alexola20(m): 2:50pm On Aug 21, 2018 |
1 Like 1 Share |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Ugosample(m): 3:50pm On Aug 21, 2018 |
drakeli:don't mind the guy jare |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Lucasbalo(m): 4:16pm On Aug 21, 2018 |
All the Hate America Club members coming out of their rat holes. Economic experts from Nigeria that can't help Nigeria out of her economic woes. Bunch of haters. 1 Like |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by drakeli: 6:39pm On Aug 22, 2018 |
scully95:Now do you see how you are ignorant of everything? About the reason why they are homeless. Over 90% of the homeless in the US have two major problems in common. They are drug abuse and problem with the law(criminal record). One thing that’s clear, is that America has the highest drug epidemic in the world. No thanks to South American and some Chinese that smuggle drug into the US. That’s why Trump is crying out loud about boarder wall. Drug smuggling is a multi millionaire dollar illegal trade by Mexican cartel in America. As a result, so many young Americans are addicted to drugs. US has a labor policy whereby you cannot be hired if you are a drug user. They get to know that through the medical you will undergo before you are employed. If you are positive to using drugs, no one employs you. So if you don’t have a job because of your addiction to drugs, then you can’t pay your rent and you end up on the street. That’s the problem most homeless are facing except the ones that desire to be taken in for rehabilitation and get clean. Secondly, most homeless people have problem with the law. They have criminal records. That’s the worst thing that can happen to a young man in the US, having a criminal record. Before any employer hires you, you have to pass through a background check about your criminal history, if you have any criminal record, then you are not hired. Some of them would go back to crime. If you cannot get a job because of your criminal history, then you can’t pay your rent and end up on the street. I have hardly seen a homeless person with non of those two problems. Only very few homeless have a different reason for his homelessness. Those are the two problems majority of the homeless are facing. If you don’t believe, come to the US and commit crimes or be a drug addict and see how you will ever get a good job. Employers don’t employ people with such problems or criminal record. Some that manage to get a job with criminal record are unable to earn enough to be able to pay their rent. https://www.youtube.com/watch?v=5gT5NULvRSk&t=4s 2 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by Lucasbalo(m): 3:20am On Aug 23, 2018 |
drakeli:Spot on. The only thing i will add is that some of the homeless people have mental problems too especially after the Iraq and Afghanistan wars. PTSD ( POST TRAUMATIC STRESS SYNDROME ). I call the guys here that loathes America HAC , HATE AMERICAN CLUB MEMBERS because that's the only thing that gets their mojo kicking. Hatred of America is pathological to them and they are irredeemable. 2 Likes |
Re: Sanctions, Sanctions, Sanctions – The Final Demise Of The Dollar Hegemony? by scully95: 9:07am On Aug 25, 2018 |
drakeli: When you are super brainwashed, then you believe everything the media tells you. Ok. The same story everywhere too.. Either they drink too much, coke or heroin. Same story or even igbo. The real issue is, when you loss your job, you become hopeless, useless, homeless and a beggar. You become depressed. Life ends, you think you cant stoop so low doing meniac jobs. You start drinking, depression kicks in.. Then they put the blame on taking drugs. Everything is taken away from you. Your home, you car (Everything is on credit in the first place) You are only a slave paying credit owned all through your life. No, it's because the jobs have been exported to China ok. Then you re dying slowly or killing yourself. Then when you pass on, they put the blame on overdose. Same story, same mantra. The question is this. How many homeless do you see in the Nigerian cities as compared to this biggest 'California economy' ? Just use brain here, you dont need any propaganda statistics to get to the anwer. The real issue is up there.. Printing of too much $$$ and Wars not being able to drag the artificial demand for the over printed $$$. Super high inflation in reality. Everything is inflated.. Even ordinary service you get in Europe for 7$(Super inflated too oh).. You get the same service in the same CA for 12-15$. 2 Likes |
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