EU And US Debt Nations Will Loot German And Libyan Sovereign Wealth

The NATO killing spree continues.  The US promised, at the UN, the ‘no fly zone’ was not an assassination or overthrow attempt on Gaddafi and then went right ahead, doing exactly that.  The repercussions for this are tremendous.  The US got away with disarming then looting and killing Saddam and his people and now we have done it to Libya.  The looting expedition isn’t over, not by a long shot!  It has barely begun!  And Libya is far richer a prize then Iraq, bankrupted by several noxious wars.

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Libya is pure gold!  Of course, the days of disarmament are now officially dead and over, forever.  No sane or insane leader will ever, ever disarm on promises no one will attack.  No, all leaders, even totally nutty ones, will arm themselves as much as possible and then react violently if pushed even slightly.  This moment in history has shoved us much, much closer to a violent resolution a la WWI or WWII.  Looting expeditions launched by Europeans or Americans will end very badly in the long run for the same reasons the German, Italian and Japanese looting expeditions failed.

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That is, these are amoral, naked attempts at fixing economic messes at home via looting foreigners.  The US has (we paid for most of the costs and weapons) destroyed much of Libya’s infrastructure while European governments and bankers have openly seized and looted all of Libya’s vast wealth parked in foreign banks.  Something no sane or even insane leader will ever do again.  I believe this is an economic crime.  The Libyan people who had social security, government jobs, free education and other services will discover that this will all vanish as the oil corporations suck up all the oil profits and their patrimony will be sucked out by giant straws and shifted elsewhere, leaving behind pollution, loss of wealth and poverty.

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Col Gaddafi killed: tribal and religious differences darken Libya’s new dawn – Telegraph

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And with Gaddafi out of the way, the prospects for Libya’s renewal could not be brighter.
In the past, the riches generated by the country’s vast oil and gas reserves were only distributed among Gaddafi’s ruling elite, allowing them to indulge their passion for conspicuous consumption of high-end consumer goods.

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But a democratic Libya would undertake a more equitable distribution of its oil wealth generated by the largest known oil reserves in Africa. Those Western countries, such as Britain and France, that have backed the opposition’s attempt to overthrow Gaddafi’s regime will also be hoping for improved relations with Tripoli, as well as lucrative oil and gas contracts.

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That said, the scale of the task facing the interim government should not be underestimated.

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Lucrative contracts don’t exist if there is any revenue sharing.  The whole point of the overthrowing of Gaddafi is to assist the writing of new oil contracts, contracts that will be more like Mafia take-overs.  First, you wipe out the boss and then make an offer the victim can’t refuse.  The Libyans think they got control of something, today.  They did not.  Not even slightly.  And fury over the loss of wealth will rise up tomorrow when they all realize, they have been stripped of three decades of wealth.

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Last July’s murder of Abdel Fattah Younis, a former Gaddafi loyalist who commanded rebel forces in Benghazi, has been blamed on Islamist militants. Meanwhile Abdel Hakim Belhaj, the head of the Tripoli Military Council, is a former head of the Libyan Islamic Fighting Group, an Islamist movement with close ties to al-Qaeda.

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Libyan Islamists have already made public their objections to the NTC’s proposal to replace Gaddafi’s regime with a secular, pro-Western government, and friction between the two groups could yet result in further bloodshed.

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Of course, there will now be a civil war for real.  And the US and NATO European invaders will put troops into the country at the behest of the ‘Westernized’ banking people already in Libya.  They will want ‘liberalization’ a la IMF or Wall Street. Although all the G7 nations and more are being wracked by anti-Wall Street, anti-IMF riots and demonstrations, these guys will try to impose what we hate, here, there in Libya.

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I am betting 100% that the Libyan rebels will really scream with murderous rage once they figure out their good buddies are actually on a looting expedition!  Of course, Gaddafi was playing along with Europe and the US before suddenly finding himself staring down the barrel of a gun.  He probably deserved to die due to being too trusting, too stupid to see that Saddam, a US tool and ally in the war against Iran, was killed off and looted for even less reason than Gaddafi.

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I went off to the IMF to see why Libya had to be invaded and looted.  It was, of course, disarmed.  This is why Gaddafi couldn’t shoot down any NATO planes, for example, and had no way to strike back at say, Italy.  He was helpless.  Something North Korea will now never, ever do and forget Iran disarming!  The bars in green here show Libyan wealth that is of great interest to Europe which is going bankrupt, rapidly.


Net foreign assets $154,845,000,000 Libyan dollars which were more than US$.

Over $150 billion in loot, talk about robbery.  Is this money in Libyan hands?  Nope.  Not at all.  What the EU bankers did was tell Libyan rebels, they will LOAN them money!  HAHAHA.  So, the countries deep in the red with zero or highly negative sovereign wealth will ‘lend’ these sovereign wealth country folk, money?  And the capital for these loans are the money put in these banks by Gaddafi!  HAHAHA.

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Yes indeed!  I doubt anyone in Libya will read my news service.  If they do, they are now forewarned: this money will NEVER be returned to their control!  It will remain in the Western banks!  And this is a word of warning to all oil dictators and sheiks and others: all that loot stashed overseas will eventually be seized.  Just like people saving gold in hopes of evading economic collapse: governments always seize things when desperate.

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If they have power, that is.  And the NATO nations have the US nuclear arsenal and our assassination machine working overtime to loot Muslims.  But if given a chance, we would turn to looting the Chinese.  We can’t loot Germany because Germany is part of NATO right now.  But the Germans voted to not support the assassination of Gaddafi under the guise of protecting the Libyan people.

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This is really a war between sovereign wealth nations and national debtor nations seeking some way to recapitalized their collapsing banking and national spending systems.  Greece can’t invade Libya but can support the US doing this and thus, get a cut of the loot.  Like any street gang, this is how the bosses get the foot soldiers to join in a mugging.  Speaking of mugging, Gaddafi put over $4 billion into his country’s social security system.  The US public paid nearly $4 trillion into the Social Security fund set up during Reagan’s misrule.  And that was totally looted by rich people demanding tax cuts.  So we lost everything and now the Super Committee is frantically figuring out how to tell us, we have been looted.

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Well, they sigh with relief: we now have the Libyan social security money.  Which is a drop in the bucket for US taxpayers but great loot for the bankers, desperate for capital.  Gaddafi made another spectacular mistake:  BBC News – How did Libyan money come to be printed in Britain?

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It is perhaps unsurprising that De La Rue, the British firm which printed the 280 million Libyan dinars (£140m) returned this week, is somewhat reticent about its business.  The banknotes were ordered by the Gaddafi regime a year ago but were seized following the imposition of sanctions by the United Nations.

.When the rebels reached Tripoli and overthrew the Libyan leader, the UN agreed to lift sanctions and unfreeze some of the $20bn of assets the Libyan government had in the UK.

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A total of 1.86 billion dinars (£929m) would be returned. Foreign Secretary William Hague said: “The bank notes will be used to pay the wages of Libyan public sector employees, including nurses, doctors, teachers and police officers.”

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HAHAHA…so, the Brits printed up $20 billion Libyan dollars which cost more than US dollars in value…and then handed over only 5% of it to them!  How GENEROUS.  HAHAHA.  Now, Saudi Arabia stupidly lets this same crew print their money, too.  China and Russia don’t outsource their money printing and for obvious reasons.

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From Business Today in 2000:  Muammar Gaddafi: the wise investor shows us that the poor man tried to be ‘normal’ not knowing that once he ceased being a revolutionary radical, a killer and dangerous, once he tamed himself, once he cut off his own balls, he was doomed.  When he tried to be like our bankers, he didn’t know this made him weaker.  He didn’t have the ruthlessness to be a banker.  That is, he tried to keep up sovereign wealth building and making deals that worked, he didn’t blow it all on whores and crack.

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Here is a revealing article:  March 1, 2011:  Qaddafi’s frozen assets total $30 billion. What happens to that money?  March 31, 2011:  Federal Reserve Lent To Gaddafi-Owned Bank, European Firms …and there it is: what happens to his money?  Of course, I bet the Libyans, if they read my news service, will ask this more and more.  The bankers will have a million, a billion excuses as to why they have to control this money and not hand it all over to the Libyan victors.  Of course!  It has to stay safe and sound, in EU and US banks.  And never, ever leave.

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Here is another example:  August 11, 2011:  Dutch free Libyan funds to pay for medicine | Reuters

.The Netherlands has in total frozen 3 billion euros in Libyan funds linked to the Libyan Foreign Bank.

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The Netherlands is being hammered by Greece.  So they gave the Libyans a few million of their own dollars but note that the bankers are keeping the vast majority of the money safe in foreign hands, never to return.  Of course, there will be chaos next in Libya due to NO MONEY.  And this will be another excuse to keep the money ‘safe’  in Europe and America.  It will never end as the Iranians figured out, long ago.

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And here is the text of the IMF report about Libya’s finances:  The Socialist People’s Libyan Arab Jamahiriya—2009 Article IV Consultation, Concluding Statement of the Mission

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A. Fiscal Policy
10. The authorities’ overall fiscal stance strikes an appropriate balance between short and long term considerations. The small decline in public expenditure planned for 2009 is prudent. It is a clear break with the very large increases in recent years, which have raised concerns about expenditure quality. At the same time, it reflects an appropriate decision to not allow the sharp reduction in oil revenue to translate into an abrupt reduction in public expenditure, with adverse implications for domestic economic activity, vital social and economic development programs, and projects that have already been initiated, with large sunk investments.

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The IMF always praises even sovereign wealth nations when they reduce social services and cut wages.  So, the IMF was pleased that Gaddafi followed their wretched advice.  This, in turn, caused internal anger and is directly responsible for him being overthrown.  Note how the fat king of Saudi Arabia upped spending on his people when the Arab Spring scared the daylights out of him!

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In Yemen, the battle against the US/NATO/Saudi ruler rages onwards with many, many dead.  Of course, like with Bahrain, the US is OK with this butchery.  Syria, on the other hand, is ripe for tearing apart, too and will be attacked next since the US rulers are bent on doing this even as they cut social spending in the US and people get more and more enraged here, not to mention, Europe.  Household spending in Britain plunges  and More cuts voted in Greece; riots leave 100 hurt with 1 Dead in Greek Riots, Government Faces Dissent.  NATO helped destroy whole cities in Libya but look at NATO countries:  Rome mayor estimates €1 million ($1.4 million) in damage after recent anti-austerity, anti-bank riots…meanwhile, in Egypt, Deadly riots erupt in Cairo.

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11. The authorities should, however, focus on the quality and composition of expenditure. In this connection, they are encouraged to reconsider the planned increase in the wage bill in 2009. The 14 percent planned increase is in large part due to the return to the civil service payroll of a portion of the large number of public employees that were previously transferred to a central labor office for retrenchment to the private sector. This development goes against the intention to reduce the size of the government and encourage the private sector. Apparent increases in other current outlays mostly reflect either improvements in classification or increased external grants to lower income countries. For example, part of previously implicit subsidies have now become explicit.

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The greedy jerks running the IMF, all of whom are Bilderberg gang members or associates, these hostile creeps naturally demanded the public employees be downsized and privatized.  This is happening in Europe and the US and is directly causing dissension, riots and violence.  This is why Gaddafi was killed by his own people: he was downsizing them!  Talk about dumb.

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13. The mission welcomes the intention of streamlining the bank accounts of government entities. An establishment of a treasury single account (TSA) at the central bank would importantly support this effort. A TSA would substantially enhance the management of cash flows. Staff stands ready to provide detailed technical advice in support of establishing a TSA and of the efforts to enhance the classification of expenditure and casting the annual state budget within a medium term framework.

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16. It is crucial to address the factors behind the large liquidity in the banking system. In particular, on-lending of government funds by specialized credit institutions (SCIs) has been both hampering commercial banks’ ability to conduct financial intermediation and contributing to excess liquidity. Furthermore, in the absence of a TSA, there are very large balances of government entities in the banking system. These factors have contributed to a liquidity overhang as evidenced by the large excess reserves. Addressing them would help increase the effectiveness of monetary policy tools. It would also help enhance commercial banks’ financial intermediation and, thus, their role in promoting a viable private sector-led growth.

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Note how the IMF is trying to lay its claws on the EXCESS RESERVES!  This is the capital of the national sovereign wealth!  This is what they are doing to Germany, this very night.  Demanding that the Germans hand over all their sovereign wealth to the IMF and EU central bank, they will strip that nation of all their capital wealth!  So, the problem of Libya’s large excess reserves was to steal it, outright.

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I know for certain, the owners of the world’s most magnificent sovereign wealth reserves, China, is thinking about this very, very hard.  The Dragon isn’t stupid.  It knows, it cannot disarm.  It knows it has to be strong and clever and it has to play a very delicate game to keep ahead of the EU/US/ Japan looting spree.  Like Russia preparing for WWII, China has to play hard diplomatic games with its enemies in order to prepare for the inevitable attack.

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I used to think the Pentagon would not be so stupid as to start WWIII but now I am certain, now that the bankers have ripped apart several nations in quick succession, this is now going to be inevitable: the bloody business is addictive.  The Pentagon thinks they can win all wars this way.  Like the Wehrmacht rolling over everyone, they think this is due to being strong, not due to people not being sufficiently alarmed to fight back effectively.  But the Chinese are coldly aware of the desire of the US and Japan to invade them for this has happened before: Europe, the US and Japan invaded and ripped apart the Chinese empire not all that long ago.

The above graph shows how the bank reserves of Libya were growing and growing unlike say, in the West where it shrank to nearly nothing which meant, when the bankers went bankrupt, they had to be bailed out by the IMF and Federal Reserve which simply made up loans out of nothing except massive US debts.

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Note, also, the Libyan bank profits were going up and up whereas, in 2008, Western banks saw theirs collapse.

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20. Bank restructuring and privatization are making progress. An asset management company to deal with some of the bad loans has been established, capital requirements are being raised, and smaller banks are being encouraged to seek well-established foreign strategic partners. The mission welcomes the CBL’s progress in selling its shares in banks.

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When this report was made several years ago, note how one of the IMF goals was to trick Gaddafi into letting smaller banks make deals with the gnomes overseas.  The notorious gang of gangrene gnomes, seeking restlessly for someone to swindle, were very eager to join in as a partner with Libyan banks so they could steal the capital there.

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An IMF mission, led by Mr. Khaled Sakr, visited Libya during May 17–June 1, 2009 to conduct discussions for the 2009 Article IV consultation.This concluding statement summarizes the preliminary findings and recommendations of the mission. The mission would like to thank the authorities for their excellent cooperation and hospitality.

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Poor Gaddafi.  He wined and dined them, said yes to many of their deals and didn’t see the knives under the napkins.  He wasn’t wary.  He didn’t know that they never forgave him anything and were waiting to stab him in the back and in the front, too.  He was lulled into thinking, if he trusted them, he could trust them.  He didn’t watch the Godfather:

I’m gonna make him an offer he can’t refuse – YouTube

The Godfather- Horse head scene – YouTube

Bin Laden’s assassination didn’t fix a thing for NATO, it increased the terror attacks, the raids and the bombings in Afghanistan and worse, turned Pakistan into an active enemy.  Pakistan, unlike poor Libya, didn’t disarm.  They have nuclear missiles.  The Gaddafi killing won’t save us, either.  The EU and US and Japan all have way, way, WAY too much debt to deal with and Japan has capital, at least, but is collapsing internally due to tsunamis, earthquakes and above all, the nuclear disaster which only gets worse and worse over time.

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Only now are the people figuring out, many of them will never, ever go  home again:  Japanese communities record Chernobyl-level radiation – YouTube

I would suggest that Japan’s people are very wary of starting a nuclear war!  But not the leaders who could care less.  Our drunk with blood leaders don’t care about us, either.  They want glory and loot!  Onwards!  To victory.  Sieg Heil.

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14 Comments

Filed under .diplomacy, .money matters, war and peace

14 responses to “EU And US Debt Nations Will Loot German And Libyan Sovereign Wealth

  1. On one level, this looks like Deja vu: Libya 2011=Romania 1989. The difference is that there was no NATO involvement in Romania, and I doubt there was anything to loot.

  2. larry, dfh

    Libya also has huge water reserves under the sands. These will be taken by the French (Suez) and Swiss (Nestle). There are a shitload of surface-to-air missals, many of which will disappear. Special Ops is trying to locate them right now. More than likely they’re sell upgrades!
    The U.S. has invaded Uganda. AFRICOM couldn’t even wait to relocate from Frankfurt to Libya before starting the blitzkrieg.

  3. Clueless

    Elaine, do you think the bankers will ever experience what Gaddafi experienced in his last moments?

  4. JT

    Gaddafi was dethroned due to oil and banks.

    He left a Libya:
    a debt free
    b most educated public in Africa
    c best healthcare and social benefits in Africa

    As dictators go he was not the worst by any means.

  5. emsnews

    Not at all bad, Libya ranked in the upper one third of nations in nearly all economic categories until this year.

  6. JSmith

    “The US promised, at the UN, the ‘no fly zone’ was not an assassination or overthrow attempt on Gaddafi and then went right ahead, doing exactly that.”

    I missed the part where we killed him – I thought it was the Libyans what done it.

    “Not at all bad,”

    OK! I’ll tally that as a vote in favor of murderous thuggery.

    ΩΩΩΩΩΩΩΩΩΩΩ

    ELAINE: A US assassin drone hit his convoy and then he was captured and then tortured and killed by our on the ground allies.

  7. It always amazes me how powerful a mind control device TV has become. People’s minds are conditioned to accept the fairy tales pictured inside a small screen over the external reality all around them.

    The truth is becoming so glaringly obvious to any sentient being that only those who want to believe the fractured fairy tales still do…or too young or dumb to practice critical thinking.

    WW3 here we come. WAIT! It’s here already!! The final act will include radioactive-tipped missiles.

  8. JT

    I think the west has 0 credibility left.

    Let’s just try the honest route for change.
    “If you do not sell your oil to us and participate in our banking schemes we will murder your leaders and bomb your country to the stone age. And we will do it in the name of democracy too.”

  9. DeVaul

    I said once before and I will say it again: the invasion of Libya will be looked at by historians (if there are any in the future) as the beginning of WW III. There was not even an attempt at plausible cause for interfering. I noticed that many of the Libyan rebels dressed just like South American paramilitary units. They did not look like Arabs to me.

    Chinese loses in Libya were substancial. They will try to find some other way to get oil, but our leaders will try to block it. Our leaders are deliberately provoking the Chinese, just as we did to the Japanese right before WW II, but I don’t think the Chinese will fall for it. As long as they have the option of waiting to see what happens when we go bankrupt all on our own, they do not need to risk open war.

    I hope the rise of the Chinese Empire will be peaceful, but they say that absolute power corrupts absolutely, so who really knows how it will turn out.

    One thing is for sure, and I believe Elaine is right about this, our heavily armed nation will probably use these weapons on each other and not on the men who started all this. They will leave for their ranches in Peru or Paraguary, and no one will be the wiser about it.

    Not one banker has been killed by a sniper. Not one. Amazing.

  10. Gaddafi…..was he so hated by his people?
    or is that spin?

    NEON…..why are you not posting at Jimmys?

  11. Clueless

    JT said:
    Gaddafi was dethroned due to oil and banks.

    He left a Libya:
    a debt free
    b most educated public in Africa
    c best healthcare and social benefits in Africa

    Elaine said:
    Not at all bad, Libya ranked in the upper one third of nations in nearly all economic categories until this year.

    The price on has to pay for nationalism in the NWO.

  12. Dear Americans – Can WE – PLEASE – concentrate on our troubles and STOP OCCUPIED OTHER COUNTIES.
    My former country destroyed (YUgoslavia) as was – Salvador Allende (Chile) much before. When I was young – impression was that if “… OUR KIDS ARE SMARTER WE WILL BE BETTER OFF …” – but – what I found, coming to North America (10-15 years ago), that that idea is not supported and narrow-minded people are in charge.
    Unfortunately (but bit late), I understood what genius “Carly Chaplin” tried to show us with his movies. He tried to find the HUMAN place on our Mother Earth – he didn’t find one. As a Jew he didn’t go to Israel (or better to say Palestine – what should be country of there citizens, regardless of religion or anything else).
    That bringing back the question of “honesty” about “american dream” – looks for me that “american dream” (as we see now), looks like slavery – only difference is that one black guy trying to enforce it.

  13. Clueless

    Errata: The price ONE has to pay for nationalism in the NWO.

  14. JR – that is exactly the same story with Chausesku (’80) in Roumania (I was in neighbourhood) and I know how they felt poor but they had 0 depth (what most of us americans wish) – and 30 years later – what is going on – they have to accept missile-defens-system that will protect us in North America from Russian (not really real) potential attack – just read what Albert Einstein said (he “… don’t know how WW III will be fought …” but “… WW IV will be with sticks and rocks …”). When “push get to show” – looks like we trying to impose WW IV on Europe or Asia again.
    There is old saying “Bear is dancing behind the house – one day will dance in the front” – lets stop the madness.

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