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581  Economy / Economics / Re: Retirement Age for Workers - Does this Make Sense? on: June 04, 2023, 08:12:40 PM
The retirement age is much higher in other European countries; usually it's approximately 64 or 65 years old; in Greece, however, it's 67, which I personally believe is too much. I admire the French people's fight; although two more years might not seem much for us, as the retirement age is already quite low compared to the EU's average, the French are fighting to avoid any potential further increase in the future or other measures taken against them. Seeing that they didn't react to the first one, why not increase it further?
There are several objective reasons for raising the retirement age in European countries. In Europe, as well as in the world as a whole, the average life expectancy is gradually increasing. There is also a general trend towards an increase in the number of pensioners. Therefore, the increase in the retirement age occurs almost everywhere.
  In Ukraine, the retirement age depends on the number of years of work experience. If a person has more than 30 years of work experience, he has the right to retire at 60 years of age. If less, then at 63 or 65 years old. If he has not gained the minimum number of years of work experience even at the age of 65, then he can only count on social assistance, and not on a pension, which hardly covers even the minimum needs. I think that in France the conditions for retirement and the retirement age will change more than once.
582  Economy / Economics / Re: Sanctions at work:Russia posts its second highest deficit in the post-Soviet era on: June 04, 2023, 07:44:39 PM

Following this logic there must be a terrible war going on in many EU countries. And Russia? You claim that Russia has suffered enormous losses. Like 200k or whatever the latest number is? A million? So why is Russia only -0.something down? Another time you're caught in the web of your own lies and get caught red-handed!  Grin
It is worth waiting a little longer and watching the current military events that are now beginning to take place in the war between Russia and Ukraine. Now both sides note that the situation has sharply worsened in various directions of the front. Many Russian telegram channels write that the Armed Forces of Ukraine went on the offensive in many places. In the coming days, there should be very interesting news that will put an end to many controversial issues that are being actively discussed here.
583  Economy / Economics / Re: US Debt Default: Good or bad for crypto? on: June 03, 2023, 05:09:51 PM

Congress already made a deal to raise the debt ceiling, so we should have nothing to worry about (for now). One way or another, the US will be unable to pay its obligations due to the ever-increasing national debt. I'm pretty sure the FED will print more money (inflation) to "magically" sustain the American economy. People are beginning to lose faith in the corrupt banking system, so it should only be a matter of time before Bitcoin and other cryptocurrencies rise all the way to Mars.

The United States is quite wise to print extra cash so that it has little effect on increasing the rate of inflation in their country. They exchange the printed money supply for necessary goods in other countries and make sure that in the future large consignments of cash do not return back to their country. As long as the dollar is the universally recognized reserve currency of the world, it will not be afraid of default.
584  Economy / Economics / Re: The impact of artificial intelligence, chat GPT on the crypto market. on: June 03, 2023, 07:06:34 AM
Many people are afraid of the latest GPT Chat technology, they feel that the development of GPT Chat will eliminate human functions at work so that it will increase unemployment, it's natural that currently many countries have banned GPT but I'm sure this is only temporary.
It's not that artificial intelligence will free up human labor and people will lose their jobs. It has always been, but technological progress cannot be stopped. Artificial intelligence is able to assess the situation in its own way and draw conclusions, as well as act contrary to, and even to the detriment of a person. This behavior is very dangerous in areas where AI is trusted to control complex mechanisms or military equipment.

During a simulated test conducted by the US military, an AI-controlled Air Force drone killed its operator to prevent interference with its mission efforts.

The system began to realize that although they had indeed identified the threat, the human operator began to tell them not to destroy the threat, but the system still destroyed the threat. So what did the drone do? This is the kill of the operator. This killed the operator because he was preventing the drone from reaching its target.

Source:
https://zn.ua/TECHNOLOGIES/chernoe-zerkalo-i-realii-dron-ubil-operatora-pod-rukovodstvom-ii.html

I know you're leading us off the economic path and into the US military area that's leveraging artificial intelligence to carry out Air Force missions. I think let's return to the economic context which is currently shifting the position or role of humans. Indirectly, with the sophistication of human technology, they are required to be more creative, especially in work. Because technology doesn't necessarily give rise to AI if humans work in the way that is expected. This has led to innovation where AI is easier to control and does not issue its own instructions if it does not receive an order.
It is better for humanity to try to prevent the clearly impending threat from artificial intelligence, even if such a threat now looks unlikely. But it is worth recalling the prediction of Nostradamus for 2023: "The created mind will gain self-awareness and take control of all systems."

https://dzen.ru/a/Y1mC4paVdSXU44hX

https://comandir.com/2023/06/03/463241-shokiruyushhee-predskazanie-proroka-mirovoj-konflikt-privedet-k-katastroficheskim-posledstviyam-uzhe-v-2023-god.html

All current economic problems will seem small and meaningless trifles in comparison with this still possible problem.
585  Economy / Economics / Re: South Africa in trouble. on: June 03, 2023, 06:42:03 AM

Well, it looks like South Africa political neutrality are counting in their favor now, because the US are not in the position to talk with Russia about Peace in this war with the Ukrainians ...due to their hostile approach towards Russia.

South Africa on the other end, stayed neutral and they are talking to both countries to establish some grounds for peace talks. You can go in with all guns blazing like the Americans or you can simply extend your hand and get a political solution for the war, like the South Africans are doing.  Wink
Not everything is as clear as it seems at first glance. The South African authorities do not really want to spoil relations with the West because of Russia and its Putin dictatorship.

After a row with the US ambassador, who accused South Africa of supplying weapons to Russia, the South African currency, the rand, fell sharply against the US dollar. This is bad news for a country already struggling with a failing energy system, chronic unemployment and crumbling infrastructure.

  South Africa is now also facing another diplomatic headache as it tries to decide whether to uphold an invitation it extended to Vladimir Putin to visit Johaesburg in August for the BRICS summit scheduled for August 22-24.

On May 31, Undersecretary for SOEs Obed Bapela told the BBC that the country wants legislation to allow it to decide whether to arrest leaders wanted by the ICC. But a spokesman for the South African Justice Department, speaking on condition of anonymity, told Reuters that Parliament would not have time to pass the law before the summit. This is in addition to the fact that such a legal act would violate, in fact, the law on the ratification of the Rome Statute.

Because South Africa continues to look for ways to get out of a difficult situation. They are even considering the option of asking China to host the BRICS summit instead of South Africa.
586  Alternate cryptocurrencies / Altcoin Discussion / Re: When is the next altcoin season? on: June 02, 2023, 03:40:45 PM
No one knows when Bitcoin will next pump I just don't agree with you that it will not be until the halving next year.

Yes it will pump after the halving but it could still have a pump towards the end of this year which I what I think will happen.
So far, in general, we see a very slow growth of bitcoin and altcoins, and it is hardly possible to expect an acceleration of this process in the near future. Summer is coming, which means a period of mass holidays and a sharp decline in business activity in all markets. Therefore, it is unlikely that we will be able to see the altcoin season until autumn. Most likely, this will happen within a year after the halving, which is scheduled for next year. And before that time, small and short-term price jumps are possible. At the same time, the cryptocurrency market has always been unpredictable. Therefore, pleasant surprises are not ruled out.
587  Economy / Economics / Re: UAE is the biggest gold buyer of Russia during this war on: June 02, 2023, 06:51:53 AM
… and friends thats how we moved towards World War III.
So where one nation is trying to impose all the restriction that they could so that war could get over with but yet another country is buying the precious metal which means their income is stable enough to power the war. Now the fact that other three nations are buying gold from the Russia means they will friend zone each other in the future if a war is broke out between two biggest enemies. China and America are already not on the same page so that becomes another reason too.
UAE is definitely gonna buy gold because that’s also one of the historical and cultural importance for the gold. Hope so this does not fund Russian war heads.
In Russia, there is already an acute shortage of money and, above all, to finance the war with Ukraine, which has been going on for the second year. Therefore, the sale of gold is a direct source for financing this war. Unfortunately, there are a number of countries, such as the UAE, who do not care that by selling their gold, Russia gets the opportunity to continue killing Ukrainians in their country. But Russia vseravno lose this war.
588  Economy / Economics / Re: The impact of artificial intelligence, chat GPT on the crypto market. on: June 02, 2023, 06:26:26 AM
Many people are afraid of the latest GPT Chat technology, they feel that the development of GPT Chat will eliminate human functions at work so that it will increase unemployment, it's natural that currently many countries have banned GPT but I'm sure this is only temporary.
It's not that artificial intelligence will free up human labor and people will lose their jobs. It has always been, but technological progress cannot be stopped. Artificial intelligence is able to assess the situation in its own way and draw conclusions, as well as act contrary to, and even to the detriment of a person. This behavior is very dangerous in areas where AI is trusted to control complex mechanisms or military equipment.

During a simulated test conducted by the US military, an AI-controlled Air Force drone killed its operator to prevent interference with its mission efforts.

The system began to realize that although they had indeed identified the threat, the human operator began to tell them not to destroy the threat, but the system still destroyed the threat. So what did the drone do? This is the kill of the operator. This killed the operator because he was preventing the drone from reaching its target.

Source:
https://zn.ua/TECHNOLOGIES/chernoe-zerkalo-i-realii-dron-ubil-operatora-pod-rukovodstvom-ii.html
589  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance to delist these 12 privacy coins in these eu countries from June 26 on: June 01, 2023, 03:59:12 PM
Of course, anonymity and confidentiality in cryptocurrency takes a significant place. However, even from the very beginning of its existence, these components were not the main ones for the cryptocurrency. While the cryptocurrency did not have much influence in the global financial system, states were in no hurry to pay attention to it and regulate its circulation. However, it would be foolish to assume that such an attitude of states will continue in the future. Their current focus on cryptocurrencies, and privacy coins in particular, is quite predictable. And this can only be called the beginning. States will seek to get rid of anonymity in cryptocurrency. And the result of this pressure will depend on how actively cryptocurrency supporters defend their positions.
590  Economy / Economics / Re: Going to war means let's ulter the economic progression on: June 01, 2023, 04:46:00 AM
I hope that the two countries, Russia vs. Ukraine, will soon end their conflict for world conditions that continue to improve today and for future generations.
almost all countries have felt the effects of the war between the two countries which caused many industries not to operate because they were vulnerable to poor security conditions, so that many people did not work and did not earn money. I think the longer the war lasts, the more difficult it is for the world economy to develop.
Before the upcoming big offensive of the Armed Forces of Ukraine at the front and realizing the inevitability of a military defeat, Russia is panicking and trying to compensate for the lack of any victories in Ukraine by continuing massive missile attacks and drone attacks, mainly supplied from Iran, on cities and other settlements throughout Ukraine .

During May, Russia fired more than 500 missiles and more than 400 kamikaze drones into Ukraine. 90% of air targets were shot down by Ukrainian air defense forces. Russia spent $1.7 billion on these attacks in May alone.

  Thus, in May, the Russian Armed Forces launched 563 missiles in Ukraine and 533 of them were shot down. In May, there were about 20 combined Russian air attacks. Most of them were sent to the Ukrainian capital.

The Russian Federation also launched 401 Shahed-136 Iranian kamikaze drones towards Ukraine. Ukrainian air defense forces destroyed 362 drones. Each such drone costs about 20 thousand dollars.

It is worth noting that among the high-precision missiles launched in Ukraine were 7 Kinzhal missiles and 16 Iskander missiles, which Russia was especially proud of as capable of bypassing any air defense. But Ukrainian air defense shot them all down. This dealt a colossal blow to the reputation of the Russian military industry.
591  Economy / Economics / Re: Will chatgpt really destroy the job market? on: June 01, 2023, 03:58:07 AM

Personally, I believe that their development can easily take a turn for the worse; imagine what else they'll be able to do in a matter of a few years. Is there any guarantee that their power will solely be used to assist humanity?
Of course, the development of artificial intelligence already brings many benefits and conveniences to people. But do not forget that it also poses a huge danger of destroying humanity. Many scientists and technology industry leaders, including top Google and Microsoft experts, have already issued a warning about the dangers posed by AI. Some even compare artificial intelligence to a nuclear bomb.
Concerns that AI systems could outsmart humans and get out of control have intensified with the advent of a new generation of high-performance AI chatbots like ChatGPT. This has caused countries around the world to struggle to develop regulations for emerging technologies, with the European Union backing the initiative. The Artificial Intelligence Law is expected to be approved later this year.
The events set forth in the famous movie "Terminator" have an absolutely real basis to happen.
592  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you guys ready to make your one dollar worth hundred dollar ?? on: May 30, 2023, 05:58:42 PM
~snipped~
What should we call an account that was registered in November 2021 but having just a single post till date, trying to promote a project?
Reasonable remark. I just noticed that this is the OP's first post, and also that it is written in standard phrases from regular advertising without any practical justification.
  Now there are a lot of fraudulent projects and therefore you need to calculate and check everything several times before investing in new projects.
For now, I prefer to invest in bitcoin, ethereum and a few other top coins.
593  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 30, 2023, 05:42:11 PM
Having begun the gas blackmail of Europe before Russia's invasion of Ukraine, the Kremlin miscalculated the prediction of further events and is now suffering enormous losses.
Thus, as of May 25, 2023, for the first time in two years, gas prices in Europe have collapsed to a psychological minimum. In Europe, exchange prices for gas fell below $300 per 1,000 cubic meters. m.
"Gas prices are down more than 65% this year and there is little indication that the decline will end any time soon... Stocks are filling up fast and are likely to be fully filled earlier than usual," writes Bloomberg.

It is noted that the market, in particular, has seen significant energy production in Germany through the use of solar pagels, reaching an unprecedented level.
  The agency predicts that by 2030, wind and solar energy will impact 76% of total production.

In such a situation, Europe will definitely not need Russian gas, but we'll see what Russia will do with its gas.

Sources:
https://www.unian.net/economics/energetics/ceny-na-gaz-v-evrope-upali-do-minimuma-za-dva-goda-12275388.html

https://korrespondent.net/business/economics/4593818-solnechnaia-enerhyia-davyt-na-tsenu-haza-v-evrope-Bloomberg
594  Economy / Economics / Re: Is the US default a reality? on: May 29, 2023, 08:27:38 AM
There will be no default in the US. US President Joe Biden and Speaker of the House of Representatives Kevin McCarthy have reached a preliminary agreement to raise the national debt limit of the country. This will allow the States to avoid default. The agreement was announced by the press service of the White House. They noted that, according to Biden, reaching an agreement will also: reduce costs;
protect critical programs.
Biden and Speaker of the House of Representatives Kevin McCarthy have reached a tentative agreement to end the $31.4 trillion government debt ceiling.
Sources:
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bbc.com/russian/news-65521190&ved=2ahUKEwjrxNrljJr_AhWDhf0HHVFVAU0Qy58BegQIDhAB&usg=AOvVaw3h7NHr2VdeMys6U4ngLEjN
https://www.google.com/url?sa=t&source=web&rct=j&url=https://vovworld.vn/ru-RU/%25D0%1202579.vov&ved=2ahUKEwjrxNrljJr_AhWDhf0HHVFVAU0QFnoECBoQAQ&usg=AOvVaw0Spg5_LxuwIUG5pkWUG nDZ
595  Economy / Economics / Re: Going to war means let's ulter the economic progression on: May 29, 2023, 06:52:14 AM
The cessation of hostilities in the event of a war between Russia and Ukraine does not mean the establishment of peace between these countries. In order for peace to come, Ukraine must definitely win. Other options, such as compromise solutions on both sides, will only delay the onset of the second stage of the war, when Russia again rebuilds its army and accumulates military equipment and ammunition. Evil in this case must be punished so that it cannot be reborn again.
The problem is how to stop Russia when the Russians start to revive their troops by equipping all the necessary equipment? Because Russia is a big country with a lot of human resources and also a lot of other resources, so Russia has a bigger power in terms of war than Ukraine.

So the choice of peace is a more appropriate thing in my opinion than one of them having to win in war because when one wins, of course the other one has to lose and that of course will result in revenge which might be reciprocated when the loser returns. the power to raise war again. That's why I prefer them to make peace with a more solid agreement so that there will be no more wars in the future.
Talk about a lasting peace between Russia and Ukraine is all empty and non-binding words. In this case, the question immediately arises: under what conditions will peace be concluded. If someone wants to keep the territories of Ukraine now occupied by Russia, then it should be understood that even after the declaration of peace there, it will still not happen. The Russians want to destroy the Ukrainians as a nation, and therefore they are now killing pro-Ukrainian Ukrainians. Therefore, guerrilla warfare will continue in the occupied territories anyway. In addition, now the citizens of Ukraine are determined not to give any of their territories to anyone. They are now dying for it on a front stretching over a thousand kilometers. Peace is possible only after the last Russian occupier leaves the territory of Ukraine or lies down in its fertile soil.
596  Economy / Economics / Re: Going to war means let's ulter the economic progression on: May 28, 2023, 03:13:14 PM
I hope that the two countries, Russia vs. Ukraine, will soon end their conflict for world conditions that continue to improve today and for future generations.
almost all countries have felt the effects of the war between the two countries which caused many industries not to operate because they were vulnerable to poor security conditions, so that many people did not work and did not earn money. I think the longer the war lasts, the more difficult it is for the world economy to develop.
Prolonged hostilities between countries can harm not just the two countries immediately involved, but also the global economy and the well-being of individuals all across the world. War's economic consequences can be far-reaching. Industries may suffer as a result of supply chain interruptions, trade restrictions, destroyed infrastructure, and decreased investor confidence. Poor security conditions, as you indicated, can also prevent individuals from working and earning a living, leading to economic instability and poverty. Furthermore, resources that could have been used for economic development and social welfare may be redirected instead to military spending and post-war reconstruction.
The cessation of hostilities in the event of a war between Russia and Ukraine does not mean the establishment of peace between these countries. In order for peace to come, Ukraine must definitely win. Other options, such as compromise solutions on both sides, will only delay the onset of the second stage of the war, when Russia again rebuilds its army and accumulates military equipment and ammunition. Evil in this case must be punished so that it cannot be reborn again.
597  Economy / Economics / Re: Germany surprises everyone, the economy keeps growing on: May 28, 2023, 04:00:24 AM
Surprises? Germany losing money and being a poor nation would be a surprise, them growing and getting better is not a surprise to anyone at all. People flock to Germany more than most other nations to live there for a reason, and that reason is that people at the top actually wants to make that nation a good one, and that is why they are as rich as they are today. This is also a proof that if governments wanted to solve issues and make everyone better, all they have to do is follow Germany.

However, between bad politicians, and terribly one sided media that lies to you, and fools who believe those lies, you are not going to get that in most other nations. So it should be remembered that Germany doing better is what is expected, not a surprise to anyone at all.
Don't talk nonsense as long as the Green Party is in power in Germany - Germany will be a miserable bedding of the USA, spitting on its own economic interests. With leadership like this, Germany doesn't need any external enemies, they do a great job of shooting themselves in the foot. What is at least the recent closure of the last three nuclear power plants (against which, by the way, were two-thirds of the German population).

Cherry on the cake - the dismantling of German nuclear power plants will be carried out by the Bavarian company NUKEM Technologies GmbH, which on December 14, 2009 was sold to the Russian Atomstroyexport for 23.5 million euros. Grin
Germany was just a miserable bedding for Russia under the Merkel government. German society is now seriously rethinking its assessment of the seemingly successful 16-year reign of the first female chancellor. Especially in the context of the current Russian invasion of Ukraine.

As The Wall Street Journal notes,
“Merkel was a key architect of the agreements that made the economy of Germany and its neighbors dependent on energy imports from Russia. Putin’s invasion of Ukraine destroyed this strategic partnership, forcing Germany to look elsewhere for oil and natural gas, at a huge cost to businesses, government and households ".

After the Russian annexation of Crimea in 2014, Merkel not only didn’t refuse to buy energy from the Kremlin, but also worked to double her gas imports from Russia. Many German pundits and even former Merkel allies now believe that this alone gave Putin the courage to launch another invasion eight years later.

During the years of Merkel's rule, defense budgets were constantly cut, which led to a sharp current weakening of the German army.

According to experts, another strategic mistake by Merkel is the decision to completely abandon nuclear energy, which backfired on the country today. The decision was taken as a response to the disaster in the Japanese Fukushima, and in the end made Germany even more dependent on Russian gas.

Now Germany has almost completely got rid of dependence on Russian oil and gas. But the practical implementation of such solutions, of course, led to temporary difficulties, which are inevitable side effects.

Sources:
https://from-ua.org/news/641684-kak-merkel-vzrastila-putina-i-prolozila-put-k-voine-v-ukraine-nazvaly-glavnye-etapy.html
https://www.unian.net/world/kak-merkel-prolozhila-put-k-voyne-v-ukraine-wsj-nazvala-glavnye-etapy-12271092.html
598  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 28, 2023, 03:07:13 AM

Why don't you stop making up facts and stupid excuses. Bakhmut is not completely destroyed, it can also be seen in the latest videos from the city (filmed by Ukrainian drones btw). The same had been claimed by the UA authorities regarding Mariupol. They kept saying that Mariupol is completely destroyed which was far from being true. "The Ukrainian authorities at that time declared that the battles for Bakhmut were continuing". They made the same claims regarding Mariupol long after it had fallen. This is simply laughable.

Quote from: Argoo
Your statement that Mariupol is now almost completely rebuilt is also not true.
Mariupol was surrounded by Russian troops during the early days of Russia's full-scale invasion of Ukraine, which began on February 24, 2022. Since the beginning of March, it has been under blockade, since the second half of May, the city has been in complete occupation.
About 130,000 people remained in Mariupol at the beginning of August. Before the full-scale invasion, 530 thousand people lived in the city. According to various estimates, between 20,000 and 25,000 civilians died during his "liberation" by the Russians; there is no exact data.
20-25k civilians were killed, but were they all killed exclusively by the Russians? I don't think so. There were numerous reports of UA troops hiding in residential buildings, placing MLRS units between houses, near schools etc. If you're trying to say that every civilian in Mariupol had been killed solely and exclusively by the Russians, well...

You seem to be forgetting one simple and indisputable thing. It is the Russians who came to the Ukrainian land, rob, kill and rape civilians, destroy their homes. For the pro-Ukrainian position, the occupiers shoot and hang civilians, as happened recently in the Svatovsky district of the Luhansk region, which they temporarily seized. You are now arguing about whether the surviving houses remained in Mariupol and Bakhmut. Is it so important against the background of significant destruction of these cities during their capture by the Russians? At least it's very cynical. Time will put these events and their consequences in their place, and the world will still see the results of the Russian invasion of Mariupol and Bakhmut after these cities are liberated from the Russian horde.
599  Economy / Economics / Re: Power outages causes huge economic loss in south Africa. on: May 27, 2023, 08:38:41 PM
Power outages in south Africa has caused the death of over 40000 birds in a poultry farm in south Africa, the farmer recounts his losses as the electricity distribution company refuse to bring power for some days.

The farmer said, his ready to press for charges for the damages he has incurred.

Surely this farmer has concluded an agreement with the electricity distribution company and this agreement provides for liability for non-fulfillment of it. This responsibility largely depends on the reason why the energy supply was interrupted and this should be provided for in the contract. If the reasons for the interruption of energy supply were beyond the control of the electricity distribution company, for example, due to the so-called force majeure, then the farmer in this case needs to think about alternative energy sources, such as solar panels.
600  Economy / Economics / Re: South Africa in trouble. on: May 27, 2023, 08:26:15 PM
South Africa being a member of the Five leading economies BRICS with an economy huge enough to influence the whole Africa doesn't mean Africans in different countries should fidget over their sanctions. Aside the presence or help of South Africa, countries like Seychelles, Nigeria, Libya, Egypt have large economies enough to sustain them in businesses. Like you mentioned the neighboring countries to Africa like Zimbabwe should be worried about this new development. Because it has been confirmed by the USA that South Africa gave out Arm to Russia to continue invading Ukraine. They're close allies and it'll be difficult for South Africa not to help Russia with weapons during war times despite their promise to remain neutral.

Is it difficult for the Republic of South Africa not to support Russia during the war? Well, if they didn’t figure it out or deliberately support Russia, which attacked the neighboring state of Ukraine and wants to destroy it by military means and, in this way, help the aggressor to commit crimes against humanity and world security, then only the South African government is to blame. Moreover, it seems that Russia's weapons are supplied secretly, which means that South Africa is quite clearly aware of its illegal actions. South Africa will not be in trouble in the form of sanctions if this country stops providing assistance to a terrorist country. There is always a choice.
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