Oct. 22, 2023 - Stew Peters Show
36:09
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| Time | Text |
|---|---|
| Music playing | |
| Music playing Pretty wild. | |
| Take a look. | |
| Can you think about an area or a world where all you would need to pay for your groceries is your hand? | |
| Yes, Amazon now bringing its pay-by-palm technology to Whole Foods. | |
| It will soon be in more than 500 Whole Foods stores by the end of the year. | |
| Consumers who choose to use the program called Amazon One won't need their wallet or a cell phone to pay. | |
| They can simply hover their palm over the Amazon device. | |
| However, of course not everybody is on board with paying by palm. | |
| Some privacy experts have raised some concerns about sharing biometric data. | |
| Hey guys, Carlos Cortez here with another episode of Scriptures and Wall Street. | |
| How did you guys like that video of that girl just scanning for Whole Foods, her scanning for her groceries? | |
| We all know that at the end of the day, these libtards want to keep on tracking, tracing, and control you, and they're not, I mean, these sheeple are literally just giving away their blood, giving away their palm, Getting chipped. | |
| This is how everything is going. | |
| Next thing you know, we're going to have a social credit score. | |
| Next thing you know, they're going to track, trace, control you into concentration camps. | |
| You think I'm crazy? | |
| Call me tinfoil hat, whatever you want. | |
| But this is the new America that they want to portray and promote. | |
| Now, everything I say today is for educational information purposes only. | |
| I am financial advisor, securities license. | |
| So if you're interested in booking an appointment with us, just simply go to CortezWM.com and we can have a FaceTime call, a Zoom call, a regular phone call to make sure that we design a custom plan based on your values. | |
| That's just it. | |
| We want to customize recommendations based on your values. | |
| So, of course, I'm not making any recommendations on this podcast or any other future podcast. | |
| Can't do that. | |
| But we can if you give us a call. | |
| We service all states. | |
| And we are more than happy to have a conversation with you. | |
| It's that simple. | |
| With that being said, guys, today's discussion is Wall Street's still in your money. | |
| And I just want to expose a few ways on how they're doing it. | |
| I'm going to try to keep this within 30 minutes. | |
| There's a lot of information out there from personal experiences as well as some facts. | |
| I do want to check KRE and I want to check Gold real quick. | |
| There's some manipulations going on there. | |
| But I did find some alarming things that I think you really should know about. | |
| So... | |
| As a former stockbroker, I have to say that I've seen a lot of nefarious things. | |
| I've seen... | |
| I've seen plain out theft. | |
| I've seen bribery like you wouldn't believe. | |
| Really mainly the most thing I've seen is bribery. | |
| And the bribery is basically illicit drugs, prostitution, a lot of dining and gaming. | |
| Meaning these bigger banks will take you out to the casinos. | |
| Give you chips to gamble with so that you can have... | |
| And they write it off as meals and entertainment. | |
| So are strip clubs. | |
| So is prostitution. | |
| They somehow can code it on their expense reports that it's entertainment purposes only. | |
| Wanting and dining. | |
| I've seen that. | |
| And these are the big, big banks doing this to their brokers. | |
| This is one reason why I got out of being a broker because of that lifestyle. | |
| Not that I really was big into it. | |
| It's just very prominent and it still happens to this day. | |
| But one technical way that Wall Street, I will say, can steal your money... | |
| Is front running. | |
| And for those of you that don't know what front running is, front running basically is a high frequency trading. | |
| And as you guys know, these banks have the T1 connections. | |
| They have technology more sophisticated than a retail investor or someone that has a residential trading desk or just someone with their tablet and phone. | |
| The big banks have higher, higher, and more sophisticated systems. | |
| So they do what's called front-running, is their data and their tech are able to execute ahead of the other traders. | |
| Almost to create a false sense of supply and demand. | |
| Or they know where the traffic is coming from, the orders are coming from, and so they will manipulate it and make the trades before those milliseconds, literally, before it even happens. | |
| The major popular one that even just a month ago, J.P. Morgan got busted with two traders actually spoofing. | |
| And this is on the commodities known as precious metals. | |
| This is why I say if you're going to buy precious metals, do not put all your eggs in one basket. | |
| Just recently, as you guys know, I showed you and I'll show you again. | |
| Here is the death cross on gold. | |
| So when we have a death cross, that basically means... | |
| The 50-day moving average is crossing over the 200-day moving average. | |
| And you can see that was done on the 23rd of September. | |
| So just recently here. | |
| And then you see the prices go down. | |
| It goes down. | |
| It goes down. | |
| And then boom! | |
| It's been skyrocketing in October 2021. | |
| Almost back to 2000. | |
| It's right now closed this week at 1957. | |
| But make no mistake, this death cross is a very, very bearish, bearish signal indicator. | |
| So that means the price is going to go down. | |
| So if we have a death cross and it automatically goes right back up, It is generally going to smash back down. | |
| The overall trend of gold is actually down. | |
| I know this goes against what your feelings are because the dollar is supposed to crash And we know that gold is a safe haven, but is it really? | |
| When it's traded by a whole room full in banks of manipulators. | |
| Look at this market maker room right here. | |
| A picture of one trading room of a major, major investment bank. | |
| You're going against all these guys. | |
| That have the highest technology to mankind. | |
| They're going to manipulate the price so they can do what? | |
| They can take money from you. | |
| So, spoofing, actually. | |
| There was two guys with JPMorgan Chase. | |
| They're in jail right now for doing this. | |
| They're in jail right now. | |
| And this is not an uncommon thing. | |
| This actually happens. | |
| They will manipulate people. | |
| And what they do is they simply place trades, right? | |
| And they don't even follow through. | |
| They place limit orders to make it seem like there's a fake demand. | |
| And really, there is no demand. | |
| And so they're buying. | |
| And so what they do is they buy the positions the opposite way when they're creating this massive fake buy order. | |
| And really, it's a sell position so that they're buying it at a higher price and And they're putting it down. | |
| They can buy derivatives. | |
| They can buy puts. | |
| They could make money on the short side of things. | |
| This is what they do to gold. | |
| This is why the price of gold is manipulated. | |
| And not just gold, but precious metals in general. | |
| And obviously, the CFTC and the Feds have locked these bad boys up to traders recently. | |
| They're in jail right now because of the spoofing. | |
| So that's another way that they take banks. | |
| The other one is layering. | |
| Very common practice. | |
| It's the same as spoofing, but instead of one or two individuals, it's a group. | |
| And what they do is when they layer, they basically spoof and layer it. | |
| They actually make these trades that never get filled. | |
| So they put pending orders in, and they create this artificial demand for a bias of a particular stock or treasury or underlining commodity. | |
| Or precious metals, whatever you want. | |
| And they don't follow through with it, so it causes a massive, massive manipulative market. | |
| You add in AI where it can track your behaviors. | |
| You add in multiple high-frequency trading. | |
| You add in just massive, massive flows of bank blocks and trading. | |
| It gets really nasty. | |
| And once again, you're fighting against these big banks with highly sophisticated traders. | |
| I want you guys to understand that in the world of computers and artificial trading, artificial intelligence and trading, they could really screw you up. | |
| And they are stealing money hand over fist. | |
| And we've got to be very, very careful when it comes to this. | |
| Especially when it comes to your retirement. | |
| Now, if you're day trading and your options trading, futures trading, what have you, I personally enjoy doing that. | |
| But you have to know that all this exists and there's market manipulations and you got to work around it. | |
| But for many of you, we're not trading. | |
| We're trying to build our retirement. | |
| And because of all these flaws and how Wall Street could steal money from you, I want you to understand there are better ways to protect your principal. | |
| There are better ways to protect you from the manipulations of the market. | |
| We have managed accounts. | |
| Not only are they... | |
| Basically, our indicators are artificial intelligence-led. | |
| They're trading with AI, but you have human day traders watching your money. | |
| You've heard me speak of the covenant process where our managed money is going to look at the manipulations, use the AI to protect you, And also make trades on the gaps and illiquidities of the market and where they see pitfalls and downturns. | |
| You need seatbelts when it comes to your managed money. | |
| More importantly, you should carve out a portion of it where it's not even in the market anymore. | |
| You should carve out a portion where we can literally protect your principle. | |
| You don't have any risk to your principle, and you can actually grow when the index actually grows. | |
| And that index has artificial intelligence built into it. | |
| They know where the manipulations are going and coming from. | |
| And it has ability to shift on a day-to-day basis to treasuries, commodities, S&P 500, the NASDAQ, those four or five indices. | |
| That's really all you need. | |
| So when the market goes up, you go up. | |
| When inflation goes up, we're moving commodities. | |
| When the market's going down or if it's in the sideways market, we're moving to treasuries. | |
| This is the sophistication and simplicity you need on a portion of your money. | |
| Unfortunately... | |
| A lot of the brokers don't understand this because they're too focused on their quotas. | |
| They're too focused on their jobs. | |
| They're too focused on looking good and getting a reward at the end of the year. | |
| They're too focused on other things other than your account and what their culture is and what their process is and what their aim is and they don't even value of whatever your money is in. | |
| They're like, oh yeah, it's performed very well. | |
| But I have a question for you. | |
| What is something that you will not invest in in order to make profit on? | |
| So in other words, what is it that you do not want to invest in in order to make a profit? | |
| So let me reword this. | |
| What values do you have that you never want to violate just to make a profit? | |
| You should ask your current advisor that. | |
| What values do you have that you never want to violate just to make a profit? | |
| This was a topic with one of my Christian money managers today and I just thought it was extremely powerful and it wrecked me because I never thought of it that way. | |
| And as I'm growing closer to God, as I'm growing closer to my core and reading my scriptures every single day and spending time with my family and being intentional with clients and being intentional with all my relationships, I'm noticing that That I'm looking deeper into these money managers on how they carry themselves, on what they're actually investing in. | |
| And guys, it gets really, really deep, man. | |
| Like, very deep. | |
| And I want to let you know that most... | |
| Most God-fearing patriots don't even know that there's options out there so that you don't have to mess with all these manipulations and these companies. | |
| Because when you own a company, you actually own the stock. | |
| When you own the stock, you own the company, you own their mission statement, and you're supporting their agenda. | |
| Well, what if they're ESG, Environmental, Social, and Governance? | |
| We already know that environmental social governance is blowing up. | |
| Like, not in a good way. | |
| It's bad. | |
| It's tanking. | |
| BlackRock, Vanguard, and all the money managers want out of it after they thought that was the future. | |
| That's the good news, guys, is that ESG and Biden's plan to put ESG in your 401k is not working out. | |
| Praise the Lord for that. | |
| A win. | |
| Because you guys know that ESG is nothing but supporting abortion and the LGBT movement and getting rid of white people, anti-white, getting rid of just certain things that us conservatives hold complete value to. | |
| It's a shame that these lawmakers can make these laws on ESG and try to put it in your 401k when it goes against our values. | |
| These people are supposed to represent us, but they don't. | |
| So another way Wall Street can steal your money is through hidden fees. | |
| I don't want to say I'm anti-fee. | |
| I do charge 1%. | |
| I do charge an account setup fee. | |
| I get it. | |
| I have to charge fees. | |
| I am a for-profit business, but I'm also a fiduciary. | |
| And you should know what your fees are. | |
| The hidden fees are just crazy. | |
| The number one hidden fee of all time, and I'll tell you the second, is a variable annuity. | |
| Most people buy the variable annuities. | |
| If you don't know if you have one, if you get a quarterly statement and there's a loss on your account value, you got a variable annuity, right? | |
| If it's with the insurance company. | |
| But the three major fees that most people don't know about that you signed off on that 90-page application that your advisor never read, probably you never read it either. | |
| They probably use it as a doorstop. | |
| But the number one fee is that mortality expense fee, which is over typically on average 1.25 plus a mutual fund fee over 1%. | |
| And a living benefit fee, generally it's 0.95 to 1.15. | |
| So all in all, about 3.5 to 3.85 annually. | |
| So if you had a $100,000 account, you're paying $3,000. | |
| $3,500, $3,800. | |
| Your principal's not protected and they're supposedly guaranteeing you a future income for life that just comes off your principal anyway so that when you do trigger your income, your principal's going down to zero and they're on the hook for a lifetime payment. | |
| It's just a basic return of your money. | |
| So now it's either the insurance company or you, whoever lives the longest, that basically is the bet and the contract. | |
| If you have one, give us a call. | |
| We want you to get you out of those. | |
| We have safer, simpler, and most effective solutions that don't cost anything. | |
| Like there are free accounts that protect your principal, and that could beat out a variable annuity. | |
| Our fixed index annuities are principal protected. | |
| They're private insured accounts. | |
| They're not CBDC friendly. | |
| They are tied to your life. | |
| They aren't tied to an FDIC conglomerate or some Chinese-owned conglomerate. | |
| They are principally protected. | |
| You get a contract that your principal is protected. | |
| No one can take it from you, the creditor proof, the lawsuit proof, and the market manipulation proof. | |
| Because they're not vested in the market, they only grow with the index. | |
| The insurance company takes the risk, not you. | |
| Just like the next hurricane that comes by, the next earthquake, you are banking that that insurance company is making your roof and your car whole again. | |
| I would even add that it's financial reset proof. | |
| Because if there is a financial reset, where is your contract on your gold and your silver and your precious metals that says you are going to give me equal or greater value? | |
| It's speculation. | |
| But I have a contract that says your principal is protected through the insurance carrier. | |
| And as the common law of insurance, basically you have to replace it with equal or greater value. | |
| Well, as long as there's a court system... | |
| And their settlements, you're going to have lawyers and attorneys backing your contract up for equal or greater value because of that contract, regardless of what the financial currency is. | |
| So, I really like the insurance contract law in this time where banks, check this out, KRE. KRE has a death cross on it, guys. | |
| Holy cow, man. | |
| Man, this is not good. | |
| This is not good. | |
| Let me zoom in on this real quick. | |
| Hang on, guys. | |
| Hang on. | |
| This is not good. | |
| I looked at it yesterday, and I saw the death cross. | |
| This death cross formed on Monday, the 25th of September. | |
| And the daggone stock has been plummeting. | |
| It is now 39... | |
| Is that 3904? | |
| That death cross was at 42. | |
| It's already down 10% since the death cross. | |
| We're probably looking at another 15 to 20%. | |
| There's going to be more banks failures as rising interest rates happen, as the $400 billion in commercial real estate loans come due. | |
| You've got to start doing something, man. | |
| There's too much stuff on the hook right now. | |
| I don't want a fear monger, but what are you doing? | |
| To protect yourself from a failing bank, a failing stock market, a failing interest rate, a failing inflation, a failing economy, a failing real estate market. | |
| What are you doing right now to protect you? | |
| We have solutions. | |
| You don't have to be a victim of the next market downturn. | |
| And even if you buy gold and silver... | |
| I don't know if that's even safe anymore, guys. | |
| You got two guys from J.P. Morgan that raised their hand and said, yes, we're guilty. | |
| Lock us up. | |
| And all J.P. Morgan gets is a billion dollar fine. | |
| That's a drop in a bucket for them, man. | |
| A billion dollars. | |
| But it comes off the backs of hard-working Americans that thought they were buying safety. | |
| You're not buying safety. | |
| You're not buying safety. | |
| You're buying speculation. | |
| We want safety, growth, principal protection. | |
| We want a contractual agreement on our money. | |
| And if that's you, give us a call 813-448-3446 or visit us at CortezWM.com. | |
| This is what we specialize in. | |
| We don't specialize in fear-mongering. | |
| We specialize in protecting your principal, growing your retirement, making sure that you have a solution. | |
| We also want to make sure That those funds are honoring God, the cross, you, your family, and your values. | |
| Tell me what you do not want to invest in, what you don't want to support. | |
| And I'll build a plan around that. | |
| We now have Christian money managers on deck, ready to go, to help you beat the returns that you're getting right now. | |
| If you're getting any at all. | |
| Like, God has really blessed this platform where we can truly honor Him In our portfolios. | |
| How freaking cool is that, dude? | |
| Like, we don't have to invest in this ESG and these woke companies anymore. | |
| Like, we're free of that. | |
| Ask your advisor. | |
| How many woke companies do you have in your portfolio? | |
| He's like, well, you know, you can't... | |
| They'll make you feel like Shem. | |
| Just ask them. | |
| Or her. | |
| In my opinion, they're going to make you feel like Shem. | |
| They're going to laugh it off. | |
| Because they don't know what you're talking about. | |
| And... | |
| That's really them laughing at your face. | |
| At your faith and your face. | |
| Had a tongue twister there. | |
| But they're both true. | |
| So yeah, hidden fees, man. | |
| Just be really, really careful with that. | |
| So the fourth thing, I did say hidden fees, but the fifth thing I want to just add is that the banks... | |
| I want you to look up state chartered banks. | |
| Look up their requirements versus FDIC requirements. | |
| I really like state chartered banks. | |
| They are more strict than the federal banks. | |
| They're not with the FedNow program. | |
| A lot of them are standing against the FedNow program. | |
| You can call your bank and ask them, what do you think about the FedNow program? | |
| Some of them don't even know what it is. | |
| A lot of the branch managers don't even know. | |
| They're falling asleep at the wheel. | |
| True story. | |
| I was calling around the other day with banks, and I even had clients to do this. | |
| They called around banks because they were looking for banks in their area, and I can't recommend banks in your area. | |
| But they called around. | |
| They asked the branch manager, are you guys on the FedNow program? | |
| And they're like, FedNow who? | |
| What? | |
| What's that? | |
| I kid you not, man. | |
| I kid you not. | |
| Real talk. | |
| This is what is happening right now. | |
| They are literally falling asleep at the wheel. | |
| Just crazy, bro. | |
| Crazy, man. | |
| We live in some crazy times. | |
| And I thank God that he molded me That I didn't know what I was doing. | |
| That I fell in sin. | |
| I slammed on my face. | |
| I had those lonely nights. | |
| I didn't party with those people. | |
| I didn't associate with those people. | |
| And I was sad growing up because I thought I was missing out. | |
| In reality, God was just preparing my heart to be a financial pastor. | |
| Like, I didn't understand why my dad was a pastor and a drill sergeant. | |
| And I'm a soccer player, now turned stockbroker, now turned financial advisor that helps worship at his church. | |
| Like, I play the guitar and help with worship and leading people to the cross. | |
| Like, that's what I do. | |
| But I like trading. | |
| I like money. | |
| I like retirement planning. | |
| I am not in love with it. | |
| It is just a tool. | |
| And they are complete opposites. | |
| I didn't know what my calling was. | |
| But God knows your plans, right? | |
| You guys know that scripture. | |
| He knows the plans. | |
| He knows the number of hairs he has on your scalp. | |
| He knows how much salts are in the sand, how many grains of rocks are in the sand. | |
| He knows all things. | |
| And we have to really trust Romans 8.28. | |
| All things, not some things, all things work for the greater good. | |
| Love Christ Jesus. | |
| Amen? | |
| Yep. | |
| I... I am really, really, really thrilled about our new Biblical Responsible Money Managers guys. | |
| I have been really, really adamant that I said it to some money managers that we simply just don't want to invest in these things anymore. | |
| It's very hard for me. | |
| It's very hard for me, guys. | |
| It's not like I can avoid Vanguard BlackRock Fidelity and manage money and do safe money. | |
| It's very hard, guys, especially in the passive investment world. | |
| It's extremely hard. | |
| This is why no one wants to play in it because it's too hard and they give up. | |
| But I'm not going to give up. | |
| I'm going to find a way. | |
| And some of that ways requires change. | |
| But we want to make sure that we're always, always honoring the cross. | |
| Forgive me, guys. | |
| I'm looking for a picture on my phone. | |
| Because I wanted to share the same little picture... | |
| I shared last podcast. | |
| Oh, and thanks for the nice comments and emails about my little girls' pictures. | |
| That was so cool. | |
| But at the end of the day, guys, protect your principal. | |
| If you're retiring right now, you have to ask your question. | |
| If you're 60, 65 years old and you're retiring, And you got half a million bucks you saved your whole life for. | |
| Take a portion of that. | |
| Guarantee it. | |
| Lock it up. | |
| Protect it. | |
| We have the insurance contracts to do that. | |
| The other half of that money, you need to have a managed account where you're not 100% in the stock market, but it can be tactically in and out. | |
| And in that tactical component, a portion of that needs to be for income. | |
| While that income and dividends are spitting out, you have tactical money managers that can buy and sell within the averages with non-woke companies and that you can actually be profitable on these volatile swings. | |
| There's death crosses on the S&P 500, the NASDAQ, the Russell 2000, the NYSE. There is death crosses on a Dow. | |
| There's death crosses on all the major indices. | |
| The market will go down. | |
| The only reason why I wouldn't is if they pump it up for stupid face Biden. | |
| But I would be very cautious if you're retiring within this year, guys, please give us a call. | |
| We want to help you. | |
| Do not be victim of what this current market is going to do to people. | |
| So, if you want more information on our private insured accounts, I've added a new website to our sponsor list. | |
| Just go to privateinsuredaccounts.com. | |
| The link is below in the description. | |
| Just click See more, and you'll see all the websites there. | |
| But definitely click that link, add your information, and myself or my team will reach out to you to schedule a 15-minute phone call to make sure it's a right fit. | |
| You can tell us no. | |
| We can tell you no. | |
| It's okay. | |
| Our phones blow up all the time. | |
| You do not have to do business with us. | |
| We are not that pressure type of company. | |
| We really just want to make sure there's a solution for you to make sure that you're not victim to the market manipulations I spoke about on how Wall Street will steal your money because we know how they're going to do it. | |
| I'm not even talking about the taxation. | |
| That's a whole other podcast, a whole other subject. | |
| I'm not talking about a financial reset or the bank failures or Nassara Jassara. | |
| That's a whole other topic. | |
| When I am talking about if you have money in the market, they can find ways to steal it from you through all these market manipulations, front-running, spoofing, layering, the hidden fees. | |
| This is exactly, exactly what I've been talking about. | |
| But I want to share this graphic with you. | |
| How to accept Jesus. | |
| For God so loved the world that he gave his only begotten son, that he shall ever believe in him, in him shall not perish, but have everlasting life. | |
| You guys know it. | |
| John 3.16. If you confess with your mouth that Jesus is Lord and believe in your heart that God has raised him from the dead, you will be saved. | |
| And Romans 10.9. | |
| This is what I learned being a student at Liberty University. | |
| The Romans Road to Salvation. | |
| It's a cute little card. | |
| I love this card. | |
| And I shared it last podcast. | |
| But it really, really touched me. | |
| Because it really is this simple. | |
| It really is this simple, guys. | |
| Like if we can just... | |
| Embrace. | |
| Forget all the political, the politics, the noise, the wars, the scams, the rhinos. | |
| If we can just focus on this, it's the most beautiful thing in the world, God's love. | |
| I mean, many of the times we don't even deserve it. | |
| I know I haven't. | |
| But yet, no one talks about how strong Jesus was, how savage of a man, just a warrior. | |
| No one talks about his strength. | |
| They talk about his grace. | |
| They talk about his grace. | |
| And these two verses right here, Hit home. | |
| Man, they sing to my soul. | |
| Because this is the essence of what the cross is about. | |
| The money, all this podcast stuff, it is just a tool. | |
| It is just my platform. | |
| Because God has bigger plans for you. | |
| He has bigger plans for you. | |
| So I just wanted to pray this prayer again. | |
| For those of you that may not have the opportunity to pray this prayer, feel free to close your eyes. | |
| I am going to pray this prayer. | |
| And I just want to say thank you for praying with us. | |
| And I just pray that all the listeners of this podcast, that they can receive Jesus, that All you gotta do is pray this prayer and truly mean it and your life will change. | |
| Dear Jesus, I am a sinner. | |
| I believe that you died and rose from the dead to save me from my sins. | |
| I want to be with you in heaven forever. | |
| Jesus, forgive me all my sins that I have committed against you. | |
| I open my heart to you now and ask you to come into my heart as my personal Lord and Savior. | |
| In Jesus' name, amen. | |
| Please pray that prayer and ask for your name to be written in the book of life. | |
| At the end of the day, that's the only thing I care about. | |
| The money comes and goes, guys. | |
| It is just a tool. | |
| Our life is a vapor. | |
| Our heavenly deposits are these moments right now. | |
| Our heavenly deposits will last eternity. | |
| Our brains are too small like birds to even fathom what eternity is. | |
| But only God's majestic, gracious mindset knows a day and the hour of what eternity is. | |
| I pray that the Holy Spirit will come into your phone, tablet, laptop. | |
| Maybe you're on the road. | |
| I pray Lord that... | |
| His Holy Spirit would touch you. | |
| I love you all. | |
| Thank you so much for allowing me to have this platform. | |
| I hope you learned a thing or two about market manipulations, about how Wall Street will steal money from you. | |
| And all these are facts. | |
| They're somewhat opinions, but they're facts. | |
| And with that being said, God bless you. | |
| I'm out of here. | |
| Have a great weekend. |
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