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Showing posts with label from. Show all posts

Sunday, 24 April 2016

A secret on how to make money online - forex trading newsletters

A secret on how to make money online ~ forex trading newsletters


 Singularity of purpose is an essential in the making of money online. I do not know how to amplify this so that it sounds as the greatest truth ever told but believe me; a jack of all trades and a master of none cannot make money online. To make money online you must
become a wimp of routine- by learning how
to do a thing online and redoing it until it turns into a habit. Habit creates money for those trying to make it in the online sphere.
If there is something you can learn very fast about the making of money online is that it goes along with hard work. A lot of people see the promise of a lazy life with a lot of wealth when they begin thinking of how to make money online. Well that is a misconception and it could not be further from the reality. You must put a lot of time and effort in whatever you are doing over the internet before you qualify to share in the online profit.
If you are the kind of person that tries something new with each passing day, you’ll end up confused and will not be able to make any money online. You need to concentrate by setting a target and not clouding your mind with constant distraction. If you are trying to make money online by blogging, success will not come by blogging about diverse topics on numerous personal blogs. You need a single blog in which you’ll concentrate on a particular niche. The niche becomes the magnate that attracts traffic to your site and in the end enabling you to make money online.
The existence of a good niche features prominently on the list of how to make money online. But that’s not all. The niche must be supported. It must be found within content targeting a particular group. It must be biased towards a particular class. The message coming from the content must be homogeneous although produced in divergent styles. That is how to make money online. And trust me when I say that it is not as easy as it may seem.
If you begin a website and hope that it will be the avenue through which you’ll make money online, you must load it with things that will make people find it worthwhile. If your website aims to sell products to people, you must be good at explaining the product you are selling to your target group. Your ability to do this will be greatly tested if you are selling various types of commodities that are not correlated whatsoever. For instance, it will be multi tasking and self defeating to have a website that sells drugs and electronics at the same time. It just doesn’t strike the mark of reality that one will be an expert in these two different fields. Narrow down then if you hope to make money online.
But even if you fall in the small list of those gifted in two different fields, the best way to have success with your website and make money online is to run two websites each handling a different field. But first concentrate on the field that you are much better at. See to it that the website is looking professional and is attracting enough traffic and you are in turn making enough money. It will be easy to begin and make money with your next website. You will not even struggle with a divided attention because the tendering you gave your first turns it into a professional site that only requires updating once in a while.
Learn to concentrate your powers so as to make money online. Know your strengths. Teach the world about the obvious using your own style; repeat a lie again and again and soon it will start sounding like the truth. People will marvel and as they do, traffic and the hits will be your reward and you’ll just have joined that small admirable league that makes money online.
You should be willing to put in a lot of sacrifice both in time and resources before you can make money online. Hoping to make the online money as soon as you begin dreaming of it should be left for the small narrow minds that think they operate in a vacuum that they can fill with their dreams and hubris. Simply drawing images of a hundred dollar bills in your brain won’t turn your wallet any fatter than it is now. If it was that easy everybody would be sustaining themselves with a fortune built from the money online. You must have a goal and willing to work harder at the same time towards achieving it.
The beauty with the singularity of purpose is that it reaches a point where it ceases to matter whether you are still working hard at it or not. After concentrating on a single thing to the point that it brings you money at a constant level, you can begin imagining of the lazy life often talked about on various how to make money online sites. This is because articles written on your blog don’t come with a “sell by” date. The relevance of an article you post today may actually improve with the passage of time as more and more people get to use the internet and learn of the online world. It’s actually possible to make money online through an article that you wrote years back.
The secret is to write for posterity and to achieve that you must have the undivided attention of your inner self not to fall victim to the trial and error tune often playing on the ears of the “I want it easy and quick” kind of group. If it rings on your mind and you dance to it, it will certainly scatter all your hopes of ever making money online. Do with passion whatever you do at all and the sky will certainly be the limit. That’s a tired cliché but it sounds good and true to those hoping to make money online.

My conclusion is to ask you to close down the many blogging sites you’ve started and give your entire attention to the one where you believe you have the ability of supplying great content at an admirable rate. Most of those websites will never see takeoff if you believe in being a jack of all trades and a master of none. Hope you find success in your attempt at making money online.
If this article was in any way useful to you kindly leave a comment below.
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Stop Loss Orders - best forex trading app for iphone

Stop Loss Orders ~ best forex trading app for iphone


Stop-Loss Orders

It is very difficult to predict currency prices, and so, to prevent major losses, stop-loss orders are set to close a transaction when the losses reach a certain limit. Because stop-loss orders are placed to prevent more losses, they are set on the other side of the limit order to take profits. Thus, a stop-loss order for a purchase transaction is set below the purchase price, and a stop-loss order for a sell short transaction is set above the sell price.

Because of the spread, a stop-loss order for a purchase transaction must be placed below the dealer’s bid quote, which is lower than your purchase price at the time of the transaction. In fact, it should be placed low enough that the random walk of market prices will not trigger your stop-loss order before your limit order. Many traders try to avoid this by not setting a stop-loss order, but this is a mistake. The market could move counter to your expectations for a long time or by a large amount, resulting in very large losses, which are magnified by whatever leverage you are using.

Since currency prices are so unpredictable, it is wise, and most trading platforms allow it, to set both limit and stop-loss orders with the initial order, whether it be a market or an entry limit order.

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Saturday, 23 April 2016

Was VIPortal a pyramid Scheme - binary forex trading demo

Was VIPortal a pyramid Scheme ~ binary forex trading demo


Public opinion is now leaning to the view that VIPortal was just another pyramid scheme and that those who invested with the alleged forexbrokerage entity should get the tag of hardcore ignorants. Read and be the judge.
A Kiambu couple defrauded thousands of investors by promising to double their cash deposits only to later disappear and close shop after collecting more than Sh1 billion, witness statements filed in court by victims of the suspected con game show.

Alfred Wangai Mundia and Mercy Nkatha Kirimi, the owners of online forex trading firm VIP Portal, allegedly told clients that they would use their capital to trade stocks in internationally listed companies but fell back on the promise as soon as the money had been deposited into their account.
Some 122 investors have lodged a class action suit against the forex trader seeking compensation for their money, which they claim has not matured one year after deposit, despite a guarantee that they would receive dividends on their cash within a month.

The petitioners claim to have paid a total of Sh77 million to VIP Portal, but police records say the suspected fraudsters at one time had more than Sh1 billion deposits in the account.
The alleged fraud scheme first came to public limelight last year when accounts of VIP Portal at Family and Barclays Bank were frozen through a court order sought by the police.

The victims want the court to order the couple to refund their cash and pay them general damages for the broken promise, and punitive damages for breaching the contract they entered into with the forex trader.
“I deposited money with the defendant expecting payment of my initial investment sum plus interest. This, however, was not to be as the defendant refused to pay what it owes to me, being Sh5.5 million.
“The defendant’s actions have been done with the intention of defrauding and swindling me of my hard-earned money and in addition are an express breach of the service agreement between us,” George Mungai Nyanjui, one of the petitioners, says in court papers seen by the Business Daily.
The promise of getting one’s investment plus returns of up to 80 per cent in just 25 working days with the premium option easily lured several investors looking to get rich quick.
Investors could also go for the platinum option, which would see their investment grow by 60 per cent in 29 working days.
Samuel Njoroge, another investor, claims that VIP Portal had agreed to absorb any losses that would arise after trading using his cash. This was to give relief to investors who were afraid of losing their money, and was key in attracting more clients to try their hand in the business.
“Further terms were that in case any losses were made, it would be absorbed by VIP Portal and not passed on to the investors. Pursuant to this, the members deposited money with VIP Portal expecting payment of their initial investment sum plus interest,” Mr Njoroge says.
The class action suit comes as Mr Mundia and Ms Kirimi are facing criminal charges in the Kiambu Chief Magistrate’s court for defrauding the public and running a forex trading business without a licence from the Central Bank of Kenya.
The matter attracted the attention of the Law Society of Kenya, which piled pressure on the police to investigate the firm.
The couple was charged in June after police officers from the Banking Fraud Investigation Unit concluded that VIP Portal appeared to be a pyramid scheme and was running a forex trading company without a licence.
Mr Wangai has, however, argued that the firm is listed as an international business company in Saint Vincent and the Grenadines, and that it has never engaged in any illegal business.

Victims of the suspected con game moved to court after they learnt of a suit in which VIP Portal is fighting to unblock its accounts held at Family Bank. Walter Rotich, who lost Sh3.6 million, claims that VIP Portal is attracting new investors, whose money is being wired to offshore accounts.
“Despite having its accounts frozen, the defendant company has continued to receive money from innocent members of the public who now wire money to their offshore account in Poland,” he said.
Justice David Onyancha had in October paused the proceedings of VIP Portal’s suit against Family Bank to allow the criminal trial to proceed.

He, however, directed that the suit continue on December 19 after the criminal trial failed to start and was pushed to March, 2015.
Mr Mundia and Ms Kirimi are the firm’s directors alongside a man identified as Colin Mundia, who has gone missing since the start of investigations. Police suspect he fled to avoid being arrested.
The Central Bank of Kenya had written to the police in March saying that VIP Portal was not licensed to operate as a forex trading firm, which led to the couple’s arrest and arraignment.
At the time the forex trader’s accounts were frozen in May, the firm had handled over Sh1.08 billion, most of which had been withdrawn by Mr Mundia and Ms Kirimi. The account had a balance of Sh174 million prior to the freeze.
“Between October 2013 and May 2014, the VIP Portal bank accountwith Family Bank had received a total of Sh1.08 billion from the public as deposits. The action against Mr Mundia and Ms Kirimi was taken to prevent a major pyramid scheme,” police said in a letter to Law Society of Kenya.
The 122 petitioners claim that they have visited the forex trader’s head office in Limuru several times but have been denied information regarding whether they will be paid.
“The petitioners have on several occasions gone to VIP Portal’s registered office to demand payment of their money only to be met with hostility and denied information as to when they will be paid,” added Nellie Wairimu,” who is representing the 122 investors.
The petitioners hold that despite serving VIP Portal with demand letters, the forex trader has refused to pay them their dues.
Do not lose your initial trading capital. Call us today on 0725 050 419 for the best forex trading orientation.
Source: Business Daily
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Wednesday, 20 April 2016

How price action traders can benefit from the VSA Indicator - forex trading demo login

How price action traders can benefit from the VSA Indicator ~ forex trading demo login



It is easier to spot the beginning or end of a trend after the fact when the late power of hindsight is at play. But to be able to spot a trade at the distribution or accumulation phase and open a position is the most difficult part of trading.
Whereas price action teaches us to watch the support and resistance points in conjunction with set ups such as the doji, shooting star, pin bar, bullish engulfing, bearish engulfing, bear flag or
bullish flag, and whereas we are also told to be mindful of patterns such as the double top and double bottoms, ascending and descending triangles- all these are often false.

That is why it is necessary to tamper price action with the VSA volume histogram and spread histogram. A support or resistance can be broken or respected- but to help us understand the key events at such regions we must bring into play a third party- volume. Similarly, volume helps us to distinguish between the false and true double bottoms and double tops. It also helps us to distinguish between the genuine and false flags.
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To insert the VSA Indicator into your mt4 simply follow the following instructions. Go toFILE- OPEN DATA FOLDER- MQL4-INDICATORS. You should copy and paste the indicator there and then close your mt4. Once you open the terminal again the indicators will all be there. For the purpose of this discussion we are only interested in the volume indicator. The spread divergence indicator can be a matter of self study. The saduckey is not of much significance either.
The red volume bar
The red volume bar is most effective when spotted after a down trend it must be spotted after a bullish close. It signals that the bulls have finally decided to change the course of the trend. The higher the timeframe on which the red volume indicator is spotted the greater the efficacy of the set up. The next candle after the bullish candle that has been confirmed by the red volume bar is often bearish. This is often as a result of pullback or retracement as the market retests a moving average.
It is important to note here that the retracement or pullback should ideally be accompanied by a no supply bar.
Below is AUDUSD 4 hour chart showing 2 trade entry points on a bullish close confirmed by a red volume bar after a pullback or a downtrend.









A bearish candle close with a red volume bar signals the possibility of a further downtrend on wide spread. Again the higher the timeframe on which the volume bar is spotted the higher the probability that the market will fall much further.
Below is USDCAD 1 hour chart showing a sell a further sell opportunity for a bearish close with the red volume bar

When the red volume bar is spotted after an uptrend, low spread bullish bars must follow coupled with a bearish reversal pattern.
Below is XAUUSD 4 hour chart showing a red volume bar accompanied by narrow spread candlestick or bar. It signaled the turn of events and a perfect sell

It is advisable to incorporate the upper and lower bollinger bands or the envelopes to help you know the point at which this small spread bars coupled with a reversal are forming.  Low spread bars at the top Bollinger band or upper envelope will signal an imminent reversal. Again, the whole analysis must be dependent on the timeframe you are looking at.
The white volume bar
This is most effective when spotted after an uptrend coupled with a bearish close of the candle. It signals selling pressure and that the bears have ultimately entered the fray. The resultant effect should be a bearish engulfing bar or an upthrust (pin bar).
Below is XAUUSD Daily chart. You can see that a bearish close with a white volume bar (on the white eclipse) culminated in a down move for a number of days

The retracement or pullback should be accompanied by no demand bars
On a down trend, the white volume bar could signal end of the bearish move. But this is rarely very effective and must be accompanied by small spread bearish bars. The close of the bar must also be near the middle or top of the bar or candlestick
The yellow volume bar
This is prominent during the close of day trading on the lower timeframes. It is a sign of no volume during the particular session. It is most effective when spotted after a near period of high volatility such as release of important data. It signals lack of moment on a particular direction. If it forms on a bullish close it will signal lack of smart money activity on the upside. If it forms ona bearish close it will signal lack of market participants on the downside. It is of greater effect when accompanied with the saduckey.
Below is AUDUSD 4 Hour chart. The bullish bar was a signal for a downside after the yellow bar appeared on the close

The blue volume bar
These are relevant during the Asian session but are mostly effective when constituting the no supply bar or the no demand bar.
A no supply bar is a bar with volume lower than the two previous volume bars. Its effect is felt on an uptrend. It must be a bearish bar and is confirmed by the next close which if bullish signals that the upside is still effective. It is also relevant during the retest of a previous low or the retest of a support area which could lead to the creation of a double bottom.
A no demand bar is an up bar with volume lower than the two previous volume bars. Its effect is felt on a downtrend. It must be a bullish bar and is confirmed by the next close which if bearish signals that the downside is still effective. It is also relevant on retest of a previous high which could lead to the creation of a double top.
The high churn bar
This is light green in colour. It implies high volume on a small spread bar. Ideally the next candle should be on the direction of the previous high churn bar. A bullish high churn bar should be confirmed by a bullish candle and is effective after a downtrend. A bearish high churn bar should be confirmed by a bearish candle and is effective after an uptrend.
It is important to point out that these volume bar indicators cannot be traded in isolation. They constitute part of price action and reversal set ups are therefore important. Some traders try to reason that price action is a different concept altogether from VSA. I think they are wrong. Price action can be full of false set ups and if you are not good at money management you will have probably blown out your account by the time that a perfect set up forms. VSA helps you to point out the genuine set up through the smart money activity.
Remember that the higher the timeframe the more effective the bars are in analyzing the market. Be that as it may, the signals can still be false. Hence spotting smart money activity is not a pips guarantee. Traders must develop market instinct which can only come about through constant chart interaction. Ask yourself whether there has been a trend or whether the volume indicator is showing at a good retracement point on the charts.
The change of trend will always be spontaneous. But do not chase the trade. Instead, wait for a pullback or retracement before you open a position. You will not only have limited risk but will also obtain a good risk reward.
The best way to spot a retracement or pullback is by use of the moving averages. Once you notice smart money activity, peruse through the lower timeframes for a place where price has broken through the moving average. Wait for a pullback to that retracement and then take the trade. Be careful that price is not retesting that moving average by way of another smart money activity. Hence always watch the volume histogram.
The white or red volume bar will always form at the beginning or end of a trend.
Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars. 
I hope that this article goes a long way in helping those of you trying to trade using VSA. You can also read- how I trade usingVSA, heiken ashi and EMA.
Why you should also be trading binary options
Five great reasons why every forex trader should open a trading account with eToro 
For any enquiries you can reach me through 0728 963 087 or forexinvestigator@gmail.com.



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Thursday, 31 March 2016

How Profit Venture Limited is stealing from Kenyan forex traders - forex binary trading demo account

How Profit Venture Limited is stealing from Kenyan forex traders ~ forex binary trading demo account


We are raising the forex scam alert levels in Kenya to code red.
Even after being duped in ponzi schemes like Bullish Trade, and even while the jury on VIP Portal is still out there, Kenyans are still entrusting their forex trading capital to local online forex trading organizations.
Forex Investigator has come across documents showing that a Nairobi based forex Introducing
Broker along Tom Mboya Street, Profit Ventures Limited, owes millions of shillings to clients who invested with them in the hope of obtaining high returns after a few months. Forget VIP Portal Incorporated, this one is the mother of all forex scams.
We have seen bank receipts from investors who deposited with this introducing broker months ago. The smallest amount of deposit made to this IB being Kshs. 132,000. This IB has one agent, a lady, who has been asking people to deposit money through an account at standard chartered bank.
We went through the agreement purportedly made with the depositors and swiftly concluded that there is little or no legal recourse that these two ladies may get. They will probably proceed with a criminal case under fraud, but with the millions that this IB already has, it will most likely win the case. These ladies were promised that in three months they would have the fruits of their investment. To date, the damned Introducing Broker is yet to account. Phone calls are going unanswered.
These introducing broker claims to have a Sacco for all those that hold trading accounts with a forex broker based in one of the small African island nations. We contacted this broker inquiring whether they are in any partnership with the alleged introducing broker. They are yet to reply to our email. Our online chat was ignored altogether. Going through this introducing broker’s website, one thing caught our eyes. They have a rider on their site stating that their services are exclusively for retail traders. We emailed them asking why they had taken over Kshs. 450,000 from one trader if they only targeted retail traders. We received no reply. Having an account with Kshs. 450,000 or 5,000 dollars automatically lifts you from the small league of retail traders.
From our discussion with the two ladies, it emerged that this introducing broker has collected over Kshs. 15 million from Kenyans who hope to make it big in the trading of currencies online. The two ladies gave out their money under a managed account scheme. But you can only be under a managed account with the express permission of your broker. These ladies do not know even know their meta trader 4 passwords and have never contacted or been contacted by the parent company that this Kenyan introducing broker claims to represent.
A lot of Kenyans have been conned by local based forex traders than by foreign based market makers. Most of these are more of con artists that forex traders. The con comes in different forms. Some of the many ways through which Kenyans are losing money to local forex traders are discussed below.
One of the major ways by which Kenyans have lost money in the trading of forex is by paying highly for unworthy forex trading courses. Most of the self proclaimed Kenyan forex tutors promise to take the forex newbie through a course that has three stages. Normally the course is categorized as beginner, middle and advanced level training. These courses can be accessed by buying a CD or attending classes both online and offline. Surprisingly, most traders get to discover later in the day that the so called courses are actually copy pasted material lying for free all over the internet.
Kenyans are also losing money in the forex business through the numerous forex seminars. Forex Investigator was surprised to discover that a recent forex seminar to educate Kenyan forex traders on how to trade using the meta trader 4 platform had actually sold out before the due date. The seminar organizers were charging Kshs 4,500 per head. It got me thinking, why pay for a seminar to learn how to use the meta trader 4 platform when you can watch a couple of free you tube videos for half an hour and understand how to use the meta trader 4. And by the way if you know how to trade you are probably laughing dead at the thought of someone paying for a seminar on meta trader 4 platform. But yes, that is where our ignorance has brought us.
Kenyan forex traders are also losing money through the so called trading under managed accounts where your account details are given to a pro who then earns a commission after every trade. The managed accounts being promoted by these local forex trading entities are all fakes. What Kenyan forex trading wannabes do not know is that to have a managed account you must first be under a particular forex broker. Forex brokers have account managers and to trade under a managed account requires the express permission of your broker and lots of dollars. Not the micro and mini accounts that are held by most Kenyans.
Kenyans have also invested a fortune in forex trading signals. There is a Nairobi based introducing broker that charges Kshs. 5,000 per month for the forex signals. What Kenyan forex traders fail to realize is that forex trading signals don’t work. The true market whispers are in the candlesticks and that’s all you need to master. Belief in the trading signals end on the day you begin appreciating that no trading strategy is immune from losing trades because after all there is no Holy Grail forex trading strategy or system.

What Kenyans require is an experienced trader who is willing to give them market entry and exit ideas at no cost albeit for their first few months of trading a live account. That’s what we do. By calling 0725 050 419, you get to know some important facts that many forex beginners ignore but which are essential in order to succeed as a forex trader.
We asked Profit Venture Limited whether they were owners of profitventures.co.ke and profitventures.com. We received no reply
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Call us today on 0725 050 419 for the best forex trading orientation.
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Monday, 28 March 2016

Understanding Trends - forex news spike trading ea

Understanding Trends ~ forex news spike trading ea





What I will discuss today is understanding trend. I still have one or two things to discuss before finally discussing my current trading style.

Understanding trends

Many traders find it very difficult to understand trend. The simple truth is that you can only understand trend if you follow the weekly time frame. What most traders dont appreciate is that if a trend is up in the higher time frame it can remain up so for a month, 4-5 weeks, 35 days etc. Your chance of success will increase significantly if you trade in the direction of weekly time frame using the lower time frames to enter into trade. Put differently, if the weekly trend is down, your best bet is to sell the pull backs at least until price moves in that direction by about 900-1000 pips. On the other hand, if the weekly trend is up, the most profitable thing to do is to buy on the pull backs at least until price moves in that direction by about 900-1000 pips. Let me illustrate my analysis of the price action from in the last five months;

a) In April price the highest point for the year at 1.67460
b) Between May and July price fell by about 1000 pips to 1.5780 and pulled back to 1.6618 (838 pips) and present fell to a current low of 1.57050 (913 pips so far)
c) The monthly support and resistance are the horizontal red and yellow lines.

The above analysis is simplu a guide and had nothing to do with understanding trend. To have a proper understanding of trend, let us look at price action on the weekly time frame.

a) In terms of weeks, the fall was completed by 10 weekly candles and the rise by about 5 weekly candles
b) In terms of daily time frame about 35 candles
c) in 4 hours time frame perhaps hundreds of candles

I attach the monthly, weekly, daily and H4 charts as usual.
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Sunday, 27 March 2016

Is VIPortal blacklisting its clients from its official facebook page - forex demo trading competition 2013

Is VIPortal blacklisting its clients from its official facebook page ~ forex demo trading competition 2013




The situation at VIPortal Incorporated seems to be getting fluid by the day. It is now emerging that any client who posts on their facebook page asking when they are getting paid is blacklisted from the page right away. The following post was left on VIPortal’s facebook page by a man who this blogger can only conclude was frustrated not as a result of losing his money, but out of failure by VIPortal to communicate with them when it matters most. Shujaa Karanja Muchai’s parting short to VIPortal can be summed up as follows; WE MADE YOU! Read the post below and be the judge.
Communication is very important. Partners in a venture discuss problems and seek solutions together a policy not within your institution. We have come there to offer solutions not once but it falls on deaf ears. Viportal is getting better, yet we have not been promptly paid of late as it was before. People like us who had trust with you right from the word go have become suspicious of the current trend. We read from unreliable links online that the problem is the government. If true, why not call investors and seek solutions together? Information is power, and the route that this situation is taking might and for sure will impact negatively very soon. A few months ago we were friends. When explaining to us we laughed. Some of us have turned foe and have been blacklisted, well that is fine. What would you expect of a person who waits for their money in vain with no concrete information? Why hide a cancer from a person who really was a friend? Pride comes before a fall. We have been in government and anything can happen, don’t be over confident. How much would it cost to call an investors meeting in bunches and explain the hitches. Viportal is suffering from a very small problem, lack of professionalism and insincerity. If truly the problem is the government, call us and we shall give you a solution that will not last three weeks. That I tol
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