back to indexRPF0618-Reflections_on_the_State_of_the_USA_From_Two_Travelers
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- Chris Moody, welcome back to Radical Personal Finance. 00:00:33.060 |
- It's so great to be here and live and in person. 00:00:38.560 |
you and your wife had been traveling, it was July, 00:00:41.660 |
so you'd been traveling at that time for a month? 00:00:46.540 |
and now here we sit, we have traveled 21,000 miles, 00:00:58.920 |
- So you're taking the answer to my question up front. 00:01:05.120 |
We have learned so much in living this time together 00:01:10.020 |
traveling all over the United States and Canada. 00:01:16.360 |
We've got a whole 'nother leg of the trip around the country 00:01:20.740 |
but I don't know yet, that's the beauty of it. 00:01:28.720 |
and how you and your wife came to travel like this. 00:01:42.820 |
all of our possessions, got rid of our apartment, 00:01:48.800 |
a 72 square foot off-grid home inside the cargo van 00:02:02.220 |
opt out of a lot of mainstream ways of living 00:02:13.220 |
but we learned to live for free all across America, 00:02:17.120 |
so many places you can sleep and stay overnight 00:02:24.100 |
- And the most important thing about that transition 00:02:26.000 |
is you were living in a penthouse apartment in Manhattan, 00:02:28.840 |
so you were in the middle of the hoity-toity crowd 00:02:37.320 |
although we were kind of transitioning that direction 00:02:50.360 |
of Washington and of culture and of politics, 00:02:57.700 |
about how we would live when we were together 00:03:00.200 |
in our apartment, for example, not to be vague, 00:03:02.540 |
but for example, we would not have any device use 00:03:07.320 |
beyond the threshold of the door in the apartment 00:03:13.380 |
and we would live this kind of quiet log cabin existence 00:03:17.820 |
in the middle of Manhattan while we were home 00:03:22.720 |
and it just so happened that we ended up taking it 00:03:28.900 |
- So your experience and my own family's experience, 00:03:31.340 |
we've just returned from almost six months on the road, 00:03:33.440 |
not quite as many miles, but about 13,000 miles 00:03:36.080 |
and I guess 25, 30 states, something like that, 00:03:50.620 |
and I thought this would be a really fun interview 00:03:57.540 |
You come from a professional reporter's background, 00:04:00.540 |
so you have that natural bent or cultivated bent probably 00:04:04.100 |
to asking questions and learning people's stories. 00:04:06.960 |
You've traveled all four corners of the country 00:04:13.500 |
and one of my main reasons for going out and traveling, 00:04:40.340 |
and I get together with a few personal friends 00:04:47.560 |
And what I have learned is that's very dangerous for me 00:04:51.480 |
because then it leads me trying to form my understanding 00:04:55.080 |
of what's happening in the world from Twitter 00:05:03.520 |
And I've struggled to maintain a grip on reality 00:05:08.200 |
without having coworkers to talk to at the coffee pot. 00:05:21.880 |
is what you've observed over the last six months 00:05:27.680 |
when you were living in Manhattan or is it very different? 00:05:33.720 |
First of all, let me set the scene of how we lived. 00:05:39.040 |
I almost completely opted out of any exposure to media. 00:05:48.740 |
People just tell me things, so I don't feel less informed, 00:05:51.500 |
but I used to read the news on a moment to moment basis. 00:05:55.340 |
- I was reporting, that used to be the news, right? 00:05:57.540 |
But I also don't consume online content anymore. 00:06:03.540 |
to just something that tells me how to get places 00:06:07.940 |
And that's just about, and to make phone calls and texts, 00:06:16.000 |
the whole country was acting like everything was on fire. 00:06:21.920 |
on a human to human basis was nothing like that. 00:06:26.440 |
I don't know if people are living multiple lives 00:06:28.500 |
where on Facebook, they act like everything is crazy 00:06:31.660 |
and that they feel crazy, but in person and out, 00:06:35.720 |
but I used to live in Washington, DC and in New York City, 00:06:40.520 |
And you start to think that those East Coast cities 00:06:43.960 |
are the only cities, not that matter, but that exist. 00:06:53.460 |
but that is, you get to a very narrowly focused viewpoint 00:06:57.520 |
when you live in those places for a long time 00:06:59.360 |
and to get out into the country and just listen to people. 00:07:06.320 |
people are living really happy, positive lives 00:07:33.260 |
Well, going out on my own really gave me an opportunity 00:07:36.000 |
to not ask those questions and see what people say. 00:07:40.320 |
In nine months, no one brought up politics once. 00:07:53.360 |
Now they might've just been polite 'cause I was new, 00:07:55.320 |
but I spent a good amount of time with people, 00:08:01.240 |
and they have an interest in talking about it, 00:08:05.280 |
but it didn't have anything to do what was in the newspaper. 00:08:13.840 |
So frankly, Chris, I don't know how to analyze this. 00:08:20.320 |
I also was very cut off from much of the media world. 00:08:37.820 |
It got so bad that for me to get something done, 00:08:45.560 |
So for the entirety of our traveling around the country, 00:08:52.080 |
I haven't logged on in eight months at this point. 00:08:56.960 |
And I did not have a web browser on my phone. 00:09:00.080 |
My wife has much more self-control than I do. 00:09:01.960 |
So if we needed to look something up, we use her phone 00:09:12.780 |
But I would drive around and I would look at people 00:09:18.460 |
And I'd be driving past some house in Colorado 00:09:33.240 |
and the vitriol and the politics and whatnot there. 00:09:43.940 |
So is it just that we maintain two different personalities, 00:09:46.680 |
one real life person and one an online persona? 00:09:49.820 |
Or are there just the people in Washington and New York, 00:09:53.220 |
they're the ones who are arguing and no one else cares? 00:09:56.860 |
But I think people in Washington and New York 00:09:58.820 |
assume that most people are thinking about them 00:10:04.680 |
I remember thinking that what Congressman so-and-so 00:10:12.640 |
And I realized, oh, people consume a lot slower 00:10:16.300 |
than they do when you're in the belly of the beast, 00:10:28.080 |
is all about what is happening in the West Wing 00:10:32.400 |
that seems like all that's going on in the country, 00:10:34.500 |
there is so much more going on in the country. 00:10:39.800 |
that people might not have given a lot of credit to 00:10:41.880 |
in the past 30 or 40 years are really blossoming 00:10:44.720 |
and coming into becoming real centers of culture and art. 00:10:53.440 |
are really exciting places to live with exciting people. 00:10:56.480 |
And that might be news to some people back east, 00:11:04.480 |
I was looking at the viewership for the cable news channels 00:11:13.760 |
what just got reported on the cable news channels 00:11:20.980 |
which might have a million or two million people, 00:11:22.800 |
you know, a big Fox News show or something like that, 00:11:24.800 |
the average audience for a cable news channel 00:11:32.040 |
they're not sitting and watching it currently, 00:11:36.920 |
but they're not necessarily paying total attention to it. 00:11:52.200 |
And you've been far more in the middle of it than I have. 00:11:54.920 |
and completely walking away from it have I seen, 00:11:59.080 |
The crisis of the day is not the most important thing. 00:12:04.520 |
Now, I wanna talk about a number of different areas 00:12:07.080 |
and try to speak practically about our observations. 00:12:18.120 |
I struggle with this question of optimism or pessimism 00:12:22.080 |
because I think that optimism is always a logical solution. 00:12:27.780 |
life is getting better in general for most of us 00:12:33.680 |
If you look at the course of the history of world, 00:12:36.000 |
millions of people are coming out of poverty, 00:12:40.600 |
because we don't understand what it was like a decade ago. 00:12:43.620 |
And we're so caught up in the crisis of the day 00:12:47.240 |
So I think that the logical position is to be optimistic. 00:12:50.320 |
But I also observe and see that things have changed. 00:13:11.460 |
because of course he was touching on basic things. 00:13:14.260 |
But what I saw was that the history of the world 00:13:18.460 |
And figuring out how to bring together this macro trend 00:13:33.700 |
that the trajectory, despite a lot of hiccups, 00:13:56.980 |
And I know that it's not maybe doled out, so to speak, 00:14:00.260 |
in a way that some people would appreciate it to be. 00:14:08.520 |
and there's more trade happening between nations 00:14:18.900 |
And so I can only be optimistic on a grand scale, 00:14:23.140 |
but still go through the year being pessimistic 00:14:27.080 |
about maybe the way that the culture is heading 00:14:29.620 |
or the way that, the priorities the country is focusing on. 00:14:36.700 |
- When you traveled across all the corners of the country, 00:14:46.080 |
How do you put together the fabric of this nation? 00:14:52.500 |
The one thing that I found amazing and could not believe 00:14:56.140 |
was, this is back when I was reading the news, 00:15:03.360 |
and we're heading for some kind of fracture, a civil war. 00:15:08.020 |
Y'all, everybody, most people are like pretty chill 00:15:14.500 |
There was no sense that the people I was meeting 00:15:22.560 |
and heading for the hills to fight the civil war. 00:15:28.640 |
what their weekend plans are with their family 00:15:30.660 |
and the idea of no one has the effort to go forth 00:15:36.680 |
I think it's a thing for those who live their life 00:15:53.660 |
But it seemed like the people writing those essays 00:15:57.600 |
You just gotta take a deep breath and step back 00:16:02.280 |
So that's the biggest, I think, myth that I saw. 00:16:10.660 |
And we're about to go through another presidential 00:16:56.640 |
and they send everyone else's kids off to war. 00:16:58.920 |
And I think, to me, that just seems generally true 00:17:02.100 |
in most countries, most places in the world and most wars. 00:17:05.340 |
But I do think that there's a lot happening economically. 00:17:20.640 |
You can talk about it on the level of academic achievement. 00:17:23.420 |
But it seems to me that there are a lot of people 00:17:26.880 |
and a lot of people who are really struggling. 00:17:31.760 |
And that seems to be challenging to figure out, 00:18:00.380 |
And in the next year ahead or the next few years, 00:18:07.320 |
So while we've gotten used to checking it all day, 00:18:12.440 |
And that might, talking about short-term pessimism, 00:18:25.160 |
and make sure you're comfortable and confident in it, 00:18:29.660 |
and not on your daily habit of checking the stock market. 00:18:39.700 |
that while there is divides in certain areas, 00:18:59.520 |
And so the classic argument, which I would affirm, 00:19:01.360 |
is what matters is not so much the difference 00:19:08.480 |
What matters is what is the standard of living. 00:19:12.580 |
even on a global basis, the poorest among us today 00:19:37.880 |
The besetting sins of the US American culture 00:19:40.080 |
that I would say right now are primarily those three, 00:19:43.800 |
which are all together, covetousness, greed, and envy. 00:19:50.240 |
just indulging this very dangerous idea of saying, 00:19:57.240 |
And we seem to have become a culture of takers, 00:20:05.680 |
We've become much more focused on our jealousy 00:20:09.420 |
and how can we get some of it for us, get me some, 00:20:15.560 |
- I think you hit on something very important 00:20:20.080 |
I think we're reaching an envy epidemic right now. 00:20:24.400 |
And I think the access to constant use of smartphones 00:20:31.600 |
where people are spending their entire day mixing, 00:20:38.360 |
and then expressing their best live on Instagram 00:20:46.320 |
You just spent the most amazing day with your family 00:20:48.600 |
where you took an adventure climbing a mountain 00:20:54.640 |
you check Instagram and you see somebody else 00:20:58.960 |
about them having maybe a better time than you have. 00:21:33.180 |
and this is not going to go away and not change. 00:21:44.560 |
And I think there's good sociological data to this. 00:21:46.980 |
The book that, probably my book of the year in 2017, 00:21:50.540 |
was I read Charles Murray's book, "Coming Apart." 00:21:53.060 |
It was called "Coming Apart, the State of White America," 00:21:58.740 |
- And in that book, Murray posited the argument 00:22:01.900 |
that, in essence, there are two brand new social classes 00:22:07.660 |
An upper class elite that had never before existed 00:22:17.180 |
because there'd always been rich people in the United States, 00:22:19.500 |
but rather it was measured in terms of a cultural, 00:22:27.980 |
And then he also posited that there was a new lower class 00:22:34.140 |
but in terms of a distinctive lower class culture. 00:22:36.940 |
And that this was the change from 1960 to 2010 00:22:45.060 |
And what I was, frankly, horrified to discover 00:22:54.660 |
and I was shocked to find out that, wait a second. 00:23:03.940 |
I've always tried to be exposed to other things, 00:23:05.500 |
but I was squarely in the bubble, my wife too. 00:23:07.900 |
And then I realized how in the bubble that we really were. 00:23:13.260 |
And let me give you just an example from my history. 00:23:15.420 |
When I was in college, I spent some time in Nicaragua, 00:23:18.220 |
which is the second, or at least was at the time, 00:23:21.500 |
the second poorest country in the Western Hemisphere, 00:23:29.780 |
and half a million of which were desperately rich. 00:23:32.300 |
And just a massive caste system in terms of wealth. 00:23:36.860 |
And I stayed with this family for a week out in the Campo. 00:23:46.020 |
We had concrete walls, but we had dirt floors. 00:23:57.420 |
We poured a bucket of water over our heads for a shower. 00:24:02.740 |
And I would wake up in the morning with chickens 00:24:11.580 |
I watched the Nicaraguan family I was staying with. 00:24:28.660 |
And here we are sitting in plastic porch chairs, 00:24:44.340 |
Because instead of these people actually doing something 00:24:48.980 |
they're sucked into this entertainment culture 00:24:51.060 |
that's all about things that are completely unattainable. 00:24:54.300 |
And yet the same thing I see happening today. 00:24:56.380 |
And so I stand in line in poor areas of the United States, 00:25:05.220 |
next, next, next, celebrity this, celebrity that, 00:25:10.900 |
because I don't see how, without a cultural transformation, 00:25:23.740 |
you're talking about, as you put it, an elite divide. 00:25:27.940 |
And I think we saw a lot of evidence of that frustration 00:25:41.900 |
at least cast in the way that they thought that they meant, 00:25:47.580 |
But they felt like they were not being represented properly 00:25:55.820 |
And I think that there was so much frustration about that, 00:25:58.940 |
that for some people is why they voted the way that they did 00:26:03.940 |
and then expressed themselves in the way that they have 00:26:09.700 |
So what do you see happening, kind of just culturally, 00:26:14.060 |
Or these, 'cause I struggle to talk about economics, 00:26:20.460 |
First of all, I don't think you can compare economics 00:26:22.900 |
to the stock market, because most people don't own stocks. 00:26:25.740 |
The average person just simply doesn't own stocks. 00:26:31.220 |
so that automatically is indicative of the economy. 00:26:33.780 |
They are related, but they're not directly related. 00:26:36.180 |
I think the stock market has a much bigger influence 00:26:38.460 |
on the elite, the wealthy elite who own stocks, 00:26:41.940 |
rather than on the majority of the US American population. 00:26:45.480 |
But I do think economically, you can, of course, 00:26:50.660 |
you can look at things like wealth, et cetera, 00:26:57.340 |
culture, of what's happening in a person's life. 00:27:06.620 |
you can get a job, you can earn plenty of money, 00:27:16.540 |
I talk to people all the time, employers, business owners, 00:27:21.200 |
They can't find people who will show up to work on time, 00:27:27.660 |
If you just do that, then you have opportunity. 00:27:33.300 |
it's never been cheaper in some ways, on some measurements, 00:27:41.580 |
You can buy most of the things in life very inexpensively. 00:27:45.140 |
You can have access to things that the kings of the world 00:27:50.220 |
- Right, well, here's my point for pessimism. 00:27:55.620 |
You have to have, I don't know what other word, 00:28:05.620 |
thrilled with the fact that now marijuana is legal, 00:28:08.160 |
so that you can sit back and destroy any kind of energy 00:28:13.160 |
that you can put towards your life, how do we, 00:28:22.700 |
And I look at that, and that's where I see the weakness. 00:28:32.460 |
- So one thing that I've seen is people spending a lot 00:28:36.300 |
of their time focusing on stuff that's happening 00:28:47.780 |
You can find out, do you spend more time reading 00:28:49.620 |
or thinking about something happening thousands of miles 00:28:57.540 |
well, maybe you need to think, have a readjustment of that. 00:29:06.200 |
on the things over which they do have control. 00:29:10.300 |
I'm talking about micro things like themselves, 00:29:13.500 |
and then their family, and then their community, 00:29:23.320 |
People spend a lot, major forces spend a lot of money 00:29:28.740 |
getting you to want to think about politics a lot, 00:29:37.740 |
not just for products, but for politics as well. 00:29:46.820 |
- I'm worried, given the power of media these days, 00:29:51.820 |
in that it's not only in your living room now, 00:29:54.120 |
but it's also in your pocket, and in your bedroom, 00:29:57.460 |
and in your bathroom, and wherever else you want to take it. 00:30:09.180 |
that people are going to be able to resist those forces. 00:30:29.020 |
And thinking, at least in the beginning stages, 00:30:31.360 |
of thinking how they can take back some of their time, 00:30:43.200 |
I think we'll be more led by external cultural forces 00:30:48.920 |
than the power of our home culture transforming the outside. 00:30:55.220 |
- Here's a piece of data in favor of what you're saying. 00:30:59.960 |
because you were living in the woods under a rock. 00:31:02.980 |
But a few months ago, there was a series of articles 00:31:05.780 |
in the New York Times, and it was talking about 00:31:10.660 |
And basically, the most anti-smartphone place 00:31:15.180 |
And it's good reporting, I should find the articles for you, 00:31:17.300 |
because you would read them, you should read them. 00:31:22.300 |
the Silicon Valley parents have virtually a spy network, 00:31:29.700 |
And one of the things that now, mothers and fathers, 00:31:32.060 |
who are working in Silicon Valley at the big tech companies, 00:31:34.740 |
they hire nannies to take care of their children, 00:31:39.040 |
that the nanny is forbidden from looking at her smartphone 00:31:46.820 |
and they see a nanny pushing the kids on the swing, 00:31:50.740 |
they'll take pictures of it, and they have message boards 00:31:55.460 |
whose nanny is this, I saw them on their phone, et cetera. 00:31:58.220 |
And so if you look at, Melinda Gates has been quoted 00:32:04.340 |
"to expose our children to technical devices." 00:32:06.740 |
Steve Jobs famously didn't permit devices for his children 00:32:17.100 |
And so, and then similar things on classrooms. 00:32:21.420 |
as reported in the series of articles by the New York Times, 00:32:29.380 |
And so you see a much more of a turning away from screens, 00:32:40.780 |
are both constantly trying to get Chromebooks and iPads 00:32:43.600 |
into every school, and trying to get every single student 00:32:48.900 |
Everybody thought, what would be the rich people 00:32:50.860 |
who have computers, and the poor people who don't, 00:32:56.500 |
by their smartphones, and the rich people's children 00:33:00.820 |
And so there is a piece of data to your thesis, 00:33:07.040 |
Chris, I've become such a curmudgeon, it's so bad. 00:33:19.100 |
- What kind of world are my children gonna live in 00:33:26.980 |
It's a real concern, and you have to set the boundaries 00:33:34.820 |
No one is going to legislate this, and they shouldn't. 00:33:37.320 |
But, you know, this is what I mean when I say 00:33:41.020 |
people need to turn more inward to their home culture 00:33:44.020 |
than turning outward and just bringing the culture in 00:33:46.500 |
and letting them babysit their children that way. 00:33:48.980 |
I have since, you know, if you read the new book 00:33:51.740 |
called "iGen," you know, it talks about the generation 00:33:57.100 |
And, you know, the data is still rolling in every day, 00:33:59.820 |
but it makes me very nervous, you know, about the future. 00:34:03.500 |
And that is a very, like, old man yelling at cloud thing 00:34:07.500 |
- Although, if I could say one positive thing, 00:34:09.180 |
Generation X, I think, is maybe the greatest generation 00:34:11.940 |
of our time, 'cause they're the only ones, like, 00:34:17.020 |
and going to work and making the country run. 00:34:57.740 |
And there's always gonna be advances and declines, 00:35:11.340 |
I didn't come to, the only conclusion I came to, 00:35:17.640 |
you can create a positive, successful environment 00:35:22.980 |
in your own microclimate, so to speak, in your own area. 00:35:26.460 |
And frankly, my biggest concerns is the cultural, 00:35:36.460 |
And specifically, I mean, marriage, family formation, 00:35:49.460 |
and they have long-term financial effects as well. 00:36:08.660 |
But basically, what I see many of my peers doing 00:36:40.900 |
it would be what a disaster for me to waste my time 00:36:43.780 |
arguing with people online about things that I can't change, 00:36:46.700 |
and thus ignoring the needs of my own children. 00:36:49.300 |
And yet, and the same thing in my neighborhood. 00:36:56.060 |
I cannot make a difference on who the next president 00:37:00.100 |
And so, I observe that that's the only solution 00:37:03.520 |
I have found, is to walk away from that nightmare 00:37:07.540 |
and to focus on loving my wife, loving my children, 00:37:13.380 |
and building the local community that can endure. 00:37:17.780 |
Because that local community is what will build 00:37:22.540 |
That local community is what will build the fabric 00:37:24.820 |
of my neighbors and their success, their stability. 00:37:33.300 |
all those millions of people what I think they should do 00:37:45.100 |
- Well, I think a lot of people could gain a lot 00:37:48.980 |
Look, I don't mean to say that everybody should 00:38:08.300 |
And that gives us more time to focus on the things 00:38:11.300 |
over which we do have control, like you just said. 00:38:13.540 |
And I think that would be, at least for me personally, 00:38:19.660 |
would have been actually very similar to what you described. 00:38:23.060 |
But when I was in the fury of it all, in the other world, 00:38:28.060 |
I didn't give myself the time to think and realize that. 00:38:36.580 |
And I hope other people can come to that conclusion as well, 00:38:40.340 |
and start thinking about ways that they can set up systems 00:38:43.300 |
that'll allow them to focus on what is more important. 00:38:53.660 |
But I do think it's going to be a long, tough road 00:38:57.100 |
with moments of great reckoning that might be painful. 00:39:00.540 |
And it might feel like a couple steps forward 00:39:06.940 |
that we are going to come out of these uncertain 00:39:26.380 |
who study the problems from so many perspectives, 00:39:28.860 |
people arrive at common solutions, and this is one of them. 00:39:33.940 |
who basically arrive at these common solutions. 00:40:03.740 |
by those who were trying to reduce the unemployment numbers. 00:40:06.460 |
But the concept of sabbatical, I think, is so valuable. 00:40:12.700 |
be it five, seven, eight, nine, 10 years, whatever, 00:40:17.140 |
Take a year off, take two years, take six months, 00:40:22.900 |
you'll go back to something new, something productive. 00:40:25.140 |
Instead of sitting around playing golf for 30 years, 00:40:28.660 |
- But to go with a renewed energy, vigor, focus, et cetera. 00:40:33.820 |
What is your comment after having been on a sabbatical? 00:40:37.380 |
- Well, I would say that doing something like this 00:40:42.500 |
and I wouldn't be so privileged as to think that, 00:40:47.060 |
You can, you just have to work very hard to build systems 00:41:07.020 |
to just having micro Sabbaths during your day. 00:41:17.100 |
with your girlfriend or boyfriend or your wife, 00:41:24.060 |
in the age before cell phones and everything, 00:41:26.180 |
you were completely off grid during that time. 00:41:33.100 |
You are still opening yourself up to interruptions. 00:41:42.500 |
I'm gone into the phone or into the news or whatever. 00:41:47.460 |
I would encourage people that if they can't take 00:41:49.380 |
a real sabbatical to take micro Sabbaths during their day, 00:41:55.000 |
when they are truly with the people they love 00:42:03.180 |
in a way that we did only a couple of years ago. 00:42:05.560 |
And I think you will find a profound difference 00:42:11.040 |
and you're refreshed enough to be able to tackle 00:42:13.200 |
the hard things that are demanded of us in the future. 00:42:20.320 |
What story or what person that you've interacted with 00:42:24.280 |
so far has really stuck with you and made you think? 00:42:29.720 |
that are known in the personal finance community, 00:42:36.680 |
A lot of people know them, they've heard of them. 00:42:38.440 |
They saved a large percentage of their income 00:42:41.120 |
and then semi-retired to a pastoral life in Vermont 00:42:50.800 |
What they did took an incredible amount of work, 00:42:53.040 |
but it also took a lot of bravery in stepping out 00:43:02.240 |
And there may be consequences to that, but we don't care." 00:43:08.760 |
that they wanted to build, and everyone's dream is different, 00:43:13.760 |
but they were able to do it because they had the discipline 00:43:19.000 |
And I would say that they're a phenomenal example 00:43:27.520 |
but then work very diligently every single day 00:43:32.040 |
to reach them both in a micro and a macro level. 00:44:05.400 |
Fiji Airways has flights to Nadi starting at just $748 00:44:12.520 |
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