Bismillah ar-Rahman ar-Rahim. Wa-salaatu wa-salaamu ala Sayyidina wa nabiyina Muhammadin wa ala alihi wa sahbihi wa salim. Ya Rabbana laka alhamdu kama yambagi lijalal wa jihika wa adhimi sultanik. Allah maya mukalliba al-kulubi wa al-absar, thabbit kulubina ala dinik. As-salamu alaykum everybody. We are insha'Allah starting a new series of Tafsir in this sessions which will start today and it will last until December 22nd every Tuesday at 1.30 Pacific time insha'Allah till 2.15. We're going to have a Tafsir session where we'll be covering Surah Yasin, Surah Al-Rahman, Surah Al-Waqa and Surah Al-Mulk insha'Allah. So Bismillah ar-Rahman ar-Rahim let's start insha'Allah. We always start reciting Quran by A'uzubillahi min al-Shaytan al-Rajim, Bismillah ar-Rahman ar-Rahim. So we start by, I seek refuge with Allah SWT from the outcast, from the cursed devil. So the devil is prevented by this statement, A'uzubillahi min al-Shaytan al-Rajim. The devil is prevented from affecting our religious affairs or from hindering us from adhering to what we were commanded or even luring us into what we were prohibited from. So we want to be safe, we want to seek refuge with Allah SWT who will guide us, who will guard us against shaytan. And then we start with Bismillah ar-Rahman ar-Rahim in the name of Allah, most gracious, most merciful. And the reason we start with the Basmala, we say, Sayyidina Muhammad SAW said, كل عمل الله يبدأ بسم الله فهو أبتر, أبتر أي مقطوع. So every action that does not start with the name of Allah SWT with Bismillah ar-Rahman ar-Rahim, then it is missing some reward. So say Bismillah ar-Rahman ar-Rahim so that the action that you are going to do you are about to do would get easier for you. Because you are not going to do the action with your strength but with the strength of Allah SWT. So say Bismillah ar-Rahman ar-Rahim so you can get the help and the strength from Allah SWT. Now what's the difference between the two words, ar-Rahman and ar-Rahim? Both words are derived from ar-Rahman, from mercy. And both words show mercy. But ar-Rahman shows mercy to the Muslim and to the non-Muslim. And that will be in both the dunya and the akhia. This is the ar-Rahman of Allah SWT by nature. A mom would care about her child, this is ar-Rahman. We would care about each other so this is ar-Rahman. So people, whether they are good or bad, they have ar-Rahman inside them. But ar-Rahim shows extra mercy to those who believe in Allah SWT. And Allah says, وكان بالمؤمنين الرحيمة. He didn't say وكان بالمؤمنين الرحمن. No, وكان بالمؤمنين الرحيمة. So that's why we start with عوض بالله من الشيطان الرجيم. Bismillah ar-Rahman ar-Rahim. Before going into Surat Yaseen, we will start with a few words about Surat Yaseen. The sahaba, رضي الله عنهم, the companions of Rasulullah sallallahu alayhi wa sallam, believe that Surat Yaseen saves from evil. Surat Yaseen envelops us in Allah's blessings. And also gives or grants us what we need when we read it for that intention. And some of the friends of Allah, some of Ahlullah, they read 41 times of Surat Yaseen for anything that they believe they need help from Allah SWT. Whether to get benefit or to abstain from any harm that might happen. And if we look at Musnad Imam Ahmad, it was reported that the companion, غضيفu بن الحارث was on his deathbed. And he asked the people who were around him, is there someone who memorized Surat Yaseen? And a tabiri with the name Saleh said, yes, I do. So غضيف, رضي الله عنهم, said, recited. And Saleh, رضي الله عنهم, recited it, started to read it. And when he reached Ayah 40, غضيف passed away. Saleh commented at that time. He said, our elders used to say, if Surat Yaseen is recited over a person who is on his deathbed, then it makes the death easy for him. And actually this Subhanallah explains the saying, اقرأوا ياسين على موتاكوا. It's not after they die, but it's while they are dying. If you know that a person is dying, read Surat Yaseen, and it will make his passing go smoother. And there are so many hadith on the narrations, so many sayings on how Surat Yaseen is so special. Some of these narrations are not so authentic, so we are not going to go in that direction. But these are the most important things I wanted to start with. So بسم الله الرحمن الرحيم, Surat Yaseen. Surat Yaseen is a Surah of the middle Meccan Suras, the middle Meccan Age. So what does this mean? We know that when we say Surah is Meccan Surah, it means that this Surah was revealed before the migration of Sayyidina Muhammad, from Mecca to Medina. So it was revealed before the Hijrah. And normally the Meccan Suras have some common characteristics. So they have short verses, and they are rhyming in eloquence, and they focus and they concentrate on the Aqidah, building the strong Aqidah of the Muslim. Because we know Mecca Suras were revealed at the beginning when Islam was first spread. So this was the period that the Muslims are new to this religion. So these Suras build the strong, the sound, the perfect Aqidah, creed, and it emphasizes on faith, faith with the wahi, faith with revelation, with the oneness of Allah SWT, faith with death, resurrection, reckoning. It tells the stories of the previous messages. So sometimes if you read it, it's almost all full of Mecca Suras. And you see how the Suras have short verses. And if we look at Surah Tiyaseen, it has fairly short verses, and it rhymes. If you look at the whole Surah, each and every ayahs end either with the letter Meem or with the letter Noon. So this is of the miraculous nature of Surah Tiyaseen. Now if we start with the first ayah, Yaseen. Yaseen is considered one of the forms of al-Huroof al-Muqattah. And al-Huroof al-Muqattah are the letters that would start a Surah, but these letters might not have a meaning. For example, aliflameen. There has been several interpretations. What does aliflameen mean? But there is only Allah SWT all knowing knows what it means. Some people would say, okay, these are just used for as short forms of the names of Allah. Some people say these letters don't have meanings. Some people say that these letters together would mean something. So Yaseen, let's look at these two letters. Yaseen. So we have the two letters Yaseen, as if you are calling Yaseen. So as if Allah SWT is calling Sayyidina Muhammad SAW and talking to him. Because in one of the tribes, this word, Yaseen, means ya insan or man. And this is all the best of creations, Sayyidina Muhammad SAW. And some people say it's an oath that Allah SWT has used. But Allah SWT brought these ahruf muqattah. And if we calculate all of them, aliflameem, aliflameem sahad, aliflameem ra, noon, qaf, yaseen, qaf, ha, ya, a, yinsad. So these are the beginnings of some surahs. So if we take the letters of these letters and we count them, we find that they are 14 letters. And the Arabic language, the alphabet has 28 letters. So this is half of the alphabets. And this has some miracle in it. That Allah SWT is challenging every person to get something that's similar to the Quran. Okay, these are the letters that it's your language. It's not an invention of a new language. It's the language of the Arabs. And the Arabs were very eloquent. So many poets, so many narrators. It's the most eloquent language. So Allah SWT is challenging people to get a similar surah using the same letters. They couldn't, challenging them to get a similar few ayahs. They couldn't. One ayah, they couldn't. So this is these Ahraf Muqatta'a. These are the indication of the miraculous nature of the Quran. And no one can know the exact meaning of these letters, combined letters with no meanings. Allah SWT all knowing only knows what's the real meaning of these letters together, put together. So Allah SWT is talking, let's say, to say the Muhammad SAW, and he is swearing. He's swearing by what? Wal Qur'anil Hakim. When we have a waw at the beginning of the ayah, this waw is called wawul qatham, the waw of oath. So it's used to attract our attention that Allah SWT is going to swear. So he is going to swear by something that's great, about something that is great. So he's attracting our attention. So what is Allah SWT swearing by? Allah is swearing, and this is an oath by the Holy Qur'an, Wal Qur'anil Hakim. So he's swearing by the Qur'an. And al-Hakim means full of wisdom.  Qur'an is the source of life. It governs everything justly. This is the revelation of Allah SWT. So Allah SWT is swearing by something great, about something also great. So what is he swearing about? He is telling Sayyidina Muhammad SAW, إنكلمين المرسلين. Indeed, you, Muhammad, are from among the messengers. Because we all know that when Sayyidina Muhammad SAW was asked to call for Islam in public, people denied him, people belied him, and some of them said you are not messengers.  But Allah is swearing here. No, you are, you are from among the messengers. علي صراط المستقين. You are on the straight path.  So the one who follow you will also be following the straight path. This straight path, the end of this straight path is the heavens. And Allah SWT promised, Shaitan promised Allah SWT when he was outcasted out of Jannah that he will surely try to do his best to get people go astray from the straight path. And if you, where does Shaitan come? Where does he whisper? He doesn't whisper for those who go to the bars and for those who gamble. They are already going astray, but he whispers to the people who are worshipping Allah SWT. And that's why we say, Ya Allah, نسألك الصبر على الطاعة. Ya Allah, we ask you to help us to be steadfast while worshipping you. Because Shaitan will never accept to leave people until he deviates them. That's his promise to Allah SWT. And that's why when, every now and then we should say Audhu Billahi Minash Shaitan already, whenever we want to say, whenever we want to do anything, our intention should be directly and clearly, purely for the sake of Allah SWT. Not for our nafs, not for our dunya, not for our anything that we would love. No, it's for the sake, pure for the sake of Allah SWT. So say Audhu Billahi Minash Shaitan al-Rajim and start your action with Bismillah al-Rahman al-Raheem. So Allah is saying, إنك لمن المرسلين على صراط مستقيم. If you go back to Surat al-Fatiha, we ask Allah SWT, we all read Surat al-Fatiha every day in our prayers. And we say, إهدنا الصراط المستقيم. Ya Allah, we ask you to guide us to the right path. Some interpretations say that الصراط المستقيم, when we ask Allah to إهدنا الصراط المستقيم, we ask Him to guide us to Sayyidina Muhammad SAW, because one of the names of Sayyidina Muhammad SAW is الصراط المستقيم. So we want to follow Sayyidina Muhammad SAW. تنزيل العزيز الرحيم. So this Quran was revealed by the exalted in might, the merciful. And we know that Quran is the rope of Allah SWT, whoever holds it tight will be guided. It's our connection to Allah SWT. The more we get connected to the Quran, the more our hearts will be filled with the light of Quran and the closer we will be to Allah SWT. And we all know that all the previous revelations were given just once to the prophets. The Torah was given to Sayyidina Musa just once. The Injil was given to Sayyidina Isa in just once, except for the Quran. The Quran was revealed from the, to Sayyidina Muhammad SAW, Munajjaman, which means that it was descended few ayes by few ayes by few ayes and it lasted 23 years until it was complete from the word Iqra until the last ayah. And when the last ayah was revealed, then the Sayyidina Abu Bakr cried because he knew that Sayyidina Muhammad SAW is about to die. The mission is complete. The mission is complete. And when Sayyidina Muhammad SAW was given the choice to live forever or to meet Allah SWT, he said, Al-Rafiq Al-A'la. So we want to get connected to Allah through the book that he revealed to Sayyidina Muhammad SAW. We have to strengthen our relationship with Sayyidina Muhammad SAW by reading about him, by reading about his Seerah, by reading about the Sahaba. And we, by sending Salawat to Sayyidina Muhammad SAW, do it as a word. Every day, 100 Salawat, every day 100 Salawat to Sayyidina Muhammad SAW. Get connected. So what we are doing now is we are trying to understand the Quran, but we also want to be connected to Sayyidina Muhammad SAW. To warn a nation of people whose forefathers were not warned, so they were heedless. What does this mean? And we are talking here about the people of Mecca. The people of Mecca did not receive any message. So from Isma'il SAW, until Prophet Muhammad SAW came, there was no messenger sent to the people of Mecca. And that's why, They were not warned. Their forefathers were not warned. But we know that some of them were good-hearted that they would not accept to worship idols. For example, Waraqa bin Naufal, the uncle of Khadija, radiAllahu anha, he was of the Mwahideen. He was on the Deenul Hanif. He was on the Deenul Hanif. He was on the Deenul Hanif. Certainly, the word has proved true against most of them. Most of them. So they will not believe. So what happened? As I just mentioned, some of them would not accept to worship any idols. But most of them did not believe. They worshipped idols. So those people took another god. And most of them would not accept to leave their god who they are making in their hands. For example, they would make a god of dates in the morning. And during the day, if they got hungry, they will eat that god.  So those people, most of them did not want to leave their gods. Did not want to abandon the gods that their forefathers used to worship. So they belied Sayyidina Muhammad sallallahu alayhi wasallam when he was revealed to. When he was sent to them. So those are the people who were stubborn and they were against the message of Sayyidina Muhammad sallallahu alayhi wasallam. They were against the message of Sayyidina Muhammad sallallahu alayhi wasallam. And they dissed and for this, those people deserved torment because they denied. They did not believe. They did not want to listen. They persisted in their denial and hostile attitude to the truth even after Allah sallallahu alayhi wasallam to warn them. So what happened? Why? What's the problem with them? So we have put iron colors around their necks. We've put shackles around their necks. So their necks are going up to their chins. So their heads are raised up. Those people who rejected Islam are unable to look at the truth out of their arrogance. So their necks cannot move in the right direction. So their eyes cannot go to the right direction. They cannot see. We put barriers before them and barriers behind them. So the Surat is in front of them but they are not looking at it. They're not following it.  They cannot see. It doesn't matter. It's the same whether you warn them or you don't warn them. Most of them will not believe. There is a barrier. There is a veil on their eyes, a veil on their heart. It's always said that there is a nice example about the veil, that if you have a white paper and someone made a mistake and you put a dot on that white paper. If that person did not do, still far did not repent and made other mistakes. So this dot, this black dot will not be erased but more dots will be next to each other until the whole page is covered with black dots and you will not see the clear white page. So the heart has a veil they cannot see. And whether you warn them or not, they cannot believe. The only people you can truly warn are those who follow the Qur'an. And the Qur'an is one of the names of the Qur'an because it reminds you when you are headless. So you call these people, you warn these people who follow the Qur'an. Whose heart is pure to accept.  So when they are headless, when they read the Qur'an, they go back. And this is one of the amazing miracles of the Qur'an. If you feel you are stressed out, just take your Qur'an and read a page, two pages, three pages, read a jizid. And you feel that as if the mountain is not there anymore on your shoulders. You feel relieved. So what happens? You also warn those who fear Allah in private. It's not only we abstain from doing something bad because people are around us. No, the courage is to do what Allah wants us to do and to abstain from what Allah wants us to abstain from when we are alone. And we always have to remember what At-Tusturi said. Allah is with me. He's watching over me. And sometimes people would say, oh okay, this is a small sin. It won't matter. I will do Istaghfar. It's not how big or small the sin is. But look at who did you disobey? You disobeyed Allah subhanahu wa ta'ala. So fear Allah subhanahu wa ta'ala in private. So those who fear Allah subhanahu wa ta'ala and those who follow the Qur'an, those are the people who will have the glad tidings the noble rewards who will have generous rewards. So what are these rewards? What are these rewards? Allah subhanahu wa ta'ala says in the hadith, I have prepared for my righteous slaves that which no eye has seen no ear has heard and has never crossed the mind of any human being. And the best of the bounties of Allah subhanahu wa ta'ala the best of the rewards is the gaze into the face of Allah subhanahu wa ta'ala. And we want to be of those whom Allah subhanahu wa ta'ala said, رضي الله عنهم وربوا عنهم. So these are the people whom Allah subhanahu wa ta'ala is pleased with on the day after. So إنما تنذر من اتبع ذكر وخشي الرحمن للغيب فبشره بمغفرته وأجر كريم. إننا نحل نحي الموتى ونكتب ما قدم وآثارهم وكل شيء احصيناه في امامي مبين. So Allah subhanahu wa ta'ala now is talking about those... Allah is saying we shall surely resurrect the dead. We shall surely resurrect them. And we will write down all they sent ahead and their traces. Allah subhanahu wa ta'ala will have the angels to write all the good deeds that they sent ahead and that whatever good deeds they did and they were forgotten. No people would think about them but also their traces. What is the وآثارهم? وآثارهم means what they leave behind them after they die. So Allah is recording everything. So what does someone leave behind after they die? They leave either good or bad. An example of leaving something good if someone built a mosque. You will be rewarded as the same way as if he was praying in that mosque, the same way that people are praying in this building. And if someone also did the bad thing, for example, he owned a bar, then he will get the sins of all the people who go there also. وكل شيء احصيناه في امامي مبين. There is a record. The record has everything registered in it. So now we move to the story of أصحاب القرية. Who are those people? وضرب لهم مثلا أصحاب القرية اتجاء المرسلون. Now Allah is telling the Prophet to tell them the story of the people of the village. There was a village and two messengers were sent to this village. إذا أرسلنا إليه مسنيني فكذبوهما. When we sent to them to this village, to the people of this village, we sent two messengers. But what did the people do? They denied them. They denied them. فكذبوهما. فعززنا بثالث. So we really enforced and we sent a third one. So the messengers now are three. And they said to the people, we are messengers to you. The people looked at them and they said, قَالُمَا أنتُم إلا بَشَرٌ مِثْلُونَا.  وَمَا أنزَلَ الرَّحْمَالُ مِنْ شَيْءِ. And the most merciful has not revealed anything. They know that Allah is merciful. So they said, He hasn't revealed anything. اِنْ اِنْ تُمْ إِلَّتَكْرِبُونَا. So you are but liars telling lies and saying things that are not true. So being honest and telling lies were characteristics. And they were known from early ages. And that's why when Sayyidina Muhammad sallallahu alayhi wa sallam was the one who, we know the story of the stone. Al-Hajr al-Iswad, the black stone that when they rebuilt the Kaaba, they took the stone and when the Kaaba was rebuilt, they wanted to put the stone back. The tribes wanted to have that honor. So each claim to that, they have to do it. And there was a big issue about it. So one of the wisest people there suggested that, okay, let's have the ruling of the first person who is coming to this Majlis. So the first one was Sayyidina Muhammad sallallahu alayhi wa sallam. So they all accepted saying, جاء الصادق الأمين. This person who came here is the honest, trustee, the one who always says the truth. So these are, these two characteristics are very important. So, So the messengers told them, Our Lord knows that we are messengers to you. وما علينا إلا البلاغ المبين. And we are not responsible of anything except for proclaiming the clear message. We just have to give you the message. You are free to accept or not. We have to give the message to you. We are messengers from God and we have to, to give you what we were ordered to. What was the answer? And the people of the village said, They said, So they said, We considered you, we considered you bad omen. If you don't stop, if you don't desist, we will surely stone you and you will be punished severely. So they now, the first step, they belied them. The second step, they now, they, they are threatening them. قالوا طائركم معكم. So the messengers said, Your omen is with yourself. If you had bad omen then it's you. انذكرتم. You had this, you are saying this because we are reminding you. We are reminding you with Allah. We are reminding you with the day after. We are reminding you with resurrection. We are reminding you with reckoning. Is that why you have the bad omen? بل انتم قوموا مسرفوا. Rather, you are people who transgressed all bounds. وجاء الرجل من أقصى المدينة يسعى. So what happened? This Rajul and there came from the farthest end of the city, a man. He was running, he was coming very fast. Why? Because there was the news where spread that there are messengers and that those messengers had something miraculous. But even though the people would not believe him. One of the things that they did, they healed so many people. And this was one of the miracles that came with them, that they could do. So this person, Habib al-Najjar, came when he heard that those people can cure people. He came from the very far end of the city and he had literacy. He was sick. And he used to worship the idols for 70 years just hoping that they can cure him. So he met the messengers and they asked him to believe in Allah. And he said, I want a sign that you are truthful.  So he said, okay, here I am. I'm sick. Cure me. So with the permission of Allah, they cured him and he believed. So when he knew, when he later knew that the people want to kill the messengers, he came. He came to the people and he said, oh people, just follow these messengers. Because he knew that they were honest, that they were truthful. So the only thing they are asking you to do is to worship Allah SWT, to take him as the warm God, and not to worship anything with him, not to associate anything with Allah SWT.  Oh people, just wake up. You cannot kill them. They are truthful. So obey those who ask no wages for you and those who are rightly guided. They are doing your favor. A favor that you cannot reimburse them for. They are saving your akhira. So what happened? And they asked him, are you the people who asked him, are you on their religion? He said yes, I follow them. And why should I not worship Allah SWT? Why? Why? Who has created me? What's there to stop me from sincerely worshiping the one who has created me? And worshiping him alone, with no partner, no associator. Wa ilayhi turja'oon. And to whom you shall be returned? And your deeds will be scaled for you. Everyone is going to Allah SWT, everyone is going back. If your deeds are good, then you will be rewarded. This is what he is telling them. And this is what he learned from the messengers. If your deeds are evil, then you will be punished. Should I take other gods than him? If the most merciful intends for me any harm, your intercession will be of no use to me. What's the matter? Nothing will help me. You people will not save me. No one can save me. Of course I believed in Allah.  He is talking to the people, and it might be understood that he is talking to the messengers. Oh listen to me, verily I believed in your Lord. Bear witness to that. Bear witness to that, that he believed in Allah SWT. When he said so, his people, the people of the village started to stone him, and he died. It said, enter paradise. For whoever is a murderer, there they will be in Jannah. Don't think that those people who died for the sake of Allah are dead. No. They are highly rewarded with Allah SWT.  He said, I wish my people could know. I wish my people would know how my Lord has forgiven me. Because I sent the truth, because I believed, because I, I stand fast. And placed me among the others. My Lord has forgiven me, and made me of the end ones. Because of my faith in him, because of my strong belief in the messengers, they are truthful. He wanted people to know about his rank, so they would believe and obey. He said, I wish my people knew where am I now? I think we will stop here, inshallah. And we will continue next time, inshallah. So may Allah connect us with the Quran. May Allah give us comprehensive understanding of the Quran. May Allah guide us with the Quran. May Allah enlighten our path with the Quran. May Allah connect us with his beloved messenger, who received the revelation of the Quran. And may Allah bless Muhammad and his companions. Assalamu alaikum wa rahmatullah. We'll see you next week, inshallah.


Thank you very much. You've mentioned Germany a couple of times and so I thought I'd Bring in the chairman point of view. I'm Austrian so I can say Things that the Germans don't like to hear nonetheless So about the chairman banking system. Yeah, so there is there's a narrative that they hear all the time They say though the interest rates are so low And the margins are so low and then there's regulation that doesn't allow us to to take fees and and that squeezes our Our income statements. I think that is there is some truth to that but What is much more striking in in Germany really is that the amount of Delaveraging that we have already talked about was just immense, you know, and the IMF has criticized the Germany Germany's family owned companies recently this gave rise to almost Rebellion no, they don't didn't like it at all But those family enterprises have financed the investment they did almost entirely out of returned of returned Profits and not going to to their banks what they did Typically over the history of German capitalism or or go to to public markets. So it's retained earnings and Investment per se has been low. So the little investment has taken place was was financed by Retrained profit. So that's that's the first thing the second the comment I'd like to make is that we are we are in Germany Now in the process of getting serious with the carbon price for the non ETS segment so for cars transportation and for buildings and the idea of a CO2 central bank is quite present in the discussion I'm happy to hear that Golié has written about that But there's also it's also part of the proposal of my institute and it's a part of Something that the peak Institute to be climate change think tank and Berlin has advocated So there might maybe something that we should pursue French and German economists and the third point about the the Phillips curve So there's an interesting observation. It's also just a couple of weeks old There's been a revision in the chairman national accounts and that shows that today The share of wage income over GDP is where it was in 1992 So we had actually a relatively Strong recovery of the share of wages in national income from 2010 to today So there has been wage growth at the same time the capital share has been squeezed and that you know So that's maybe another side effect of low interest rates or flow of low capital costs So that that in total value added more could be paid out to to workers without prices going up because the additional wage can't just be did for by by firms. So These are three points. Thank you very much Thank you very very much and forgive me if I I was alluding to the German citizen Yeah, please Thank you very much Allow me please to speak in French to be very concise and very precise I beg your pardon. No, I'm sorry because we have no translation. Yeah, so Unfortunately, I will try but I beg your pardon for my broken English What I Will try in English if you try English, I'm sorry to say that as a French. I am ashamed to say No, two or three ideas, I'm very impressed but Ellen ideas of carbon-central Bank yesterday we heard about the amount of Currencies circulating In the in the world I Read some weeks ago about some look very localized currencies to enhance Circuit cool Very short circuits Do you think I'm just asking I have question I have not idea to propose to this distinguished panel, but my question is today and also we my opinion is the trade war dispute between United States and China is suit on the By currency underlined by currency war also is Those ideas is today Can the world is the world really for International central bank. I I see what you mean. I see the question It seems to me that we cannot speak of currency words when when the renminbi is Itself not a convertible currency So at this stage the renminbi not yet in at the core of the international system Still of course it is a currency, which is very very closely managed and in a way it is Trump Trump has declared that at least part of the currency war is with the EU I mean his view is and and you can see the the logic of it his view is that the the ECB's monetary policy from the standpoint of the US and international markets is Aimed at keeping the euro weak and keeping dollars strong And you know if you can look at the big Mac index and see that we have an unprecedented circumstance in which but basically every currency in the world except Norway's Krona and the Swiss franc is Substantially undervalued quote-unquote relative to the dollar. So so there is I mean in Trump's mind There's a currency war and it's with Europe Yeah, but but I would totally disagree of course both with Trump But I'm just saying if you want to understand the nature of the conflict. Yeah, it's important to understand whether I think of course Of course, so do we have all the comments on that particular point? Yeah, please Are you want to respond to some of the panelists? So I think let me first check whether we have other questions from the participants that are not speakers. Yes You have the floor. This is not a question Just comment on the chairman's discussion about the coordinated approach to inflation or deflation And we had a very good experience in 1970s where government just requested just Lowering the increase in wage and that can income policy But we did the same effort this time on the opposite directions I mean the Prime Minister just mentioned many many times to the private sector to raise wage, but never Successful so there seem to be some kind of a symmetry About just a decrease or increase for this kind of policy And also one more point of many people just say because just interest rate is so low There's no opportunity for more Military policy. So why not just the fiscal policy now? Let me just mention the case of Japan We did have a very strong military policy But because of that maybe the almost full employment So demand is enough so far in Japan the problem is just total factor productivity growth rate is shrinking So obviously it just means surprise side policy become more important The problem is surprise side policy is very difficult because the government to reach is very much limited So without discussing surprise side policy or at least just increasing productivity Especially in the face of the declining real interest rate We cannot just get out of this kind difficulty Maybe demands duration is necessary under circumstances of certain degrees of the global demand But still surprise side is so important at this moment. Thank you Thank you very very much for these remarks, please Yes, thank you. We we have very interesting ideas and suggestions and Of the innovation finance today, but just I'm wondering about the way We can sell some ideas to politicians We have today and what kind of politician we have what kind of dialogue we can have when you talk about inflation and We understand today that the weakness of the union in different countries and politicians This is what we have the case of GM in the United States about it And it's very interesting to observe the way maybe this something is going on It is new is going on But it is if we have this those ideas and it is it's for me It is I will see very interesting technical I will see proposal or suggestions or adaptation to the situation today But who will apply those policies there's politicians And what is the link we have and we can have with position today? And if we come back to the crisis 2008 it was completely different because we have some I will see Leadership world leadership we have and it was say that today we don't have this kind of leadership It is completely different to dilute and between different person with different completely opposite Ideas this is what this is a question mark we have This is pure brainstorming session Again, I made the rapprochement between the populism and the political pressure Gigantic political pressure on the political sphere So there are leverage or there is leverage to perhaps to go in the direction that witches and saris could be more dynamic and to the Japanese example, I would also say I fully agree that if you want to have the various corporate businesses on board it has to be done Nationally and also within some kind of framework international framework and It happens It is a miracle that all central banks of the advanced economy have now the same definition of price stability Namely 2% so it could be an argument at the level of the G7 whatever at the level of the G20 To go further, but again, I dare say that because I said we have the right to do anything to say anything Please you have the floor. Well, thank you very much All day yesterday and today I suppose the most often heard words were the US China trade conflicts if you see that in the in the context of all in in relation with Underline hegemony competition Then I think in this session very session finance and economy should be really more worried about the global order and International economic cooperation So in that regard I would like to make Observation in the comments since G20 was mentioned a number of times here I suppose today some the Economist or political economist Tend to go as far as to say that the world is in danger of falling into World period of what is called the kinder of a trap What that means is the global economy will suffer from not enough public goods and Therefore the world economy suffer very much from it now the US particularly under the Trump administration now and According to our discussions all day yesterday and today even the after mr. Trump, but a similar social political and the geopolitical Situation will will last if that is the case to us will be unwilling To provide the public quality of goods as it did before While China is also incapable to some extent and unwilling then There is much high likelihood that the world will suffer from much shortage of public goods and May lead to even the kinder of a trap if not to see that this trap now So to avoid this trap and avoid this situation The global community needs closer international cooperation Who can do that without the hegemonic the leader so that in that Connection I suppose G20 can be considered because that is legitimate the forum for international cooperation and It has the track record as John we worked very closely in fact throughout the G20 and there was from the very beginning of the G20 endeavor in Washington DC When G20 was created, of course, there was share the sense of less not waste Crisis as the Chancellor Merkel actually first Said exactly that terms and With with with that the share the sense G20 achieved must it's a record of Saving the world falling into created depression like situation and then It has to make the global economy only suffer what you call great recession and then G20 in fact the last G20 meeting I personally said very very disappointed and G20 could have done much more and John knows very well when it was designed it was supposed to be if the process not event Not photos a taking event coming up with suggest you know rhetorics but should should have been the Continuous process Which really the world Needs at this very moment and the coming years. So what I would I like to Say is there somehow we have to resuscitate already the revitalize the process I Suppose if u.s. Is not willing and the China is Incapable then I suppose like-minded countries particularly middle powers I think you know they can do something about it and the next chair country. I understand is the Saudi Arabia and followed by the Italy. I think they can do something and the revitalized so that we can Thank you Thank you very much falling into kindle boat. It's important that we are on the record Of course to mention that I guess there is a very large consensus here to say that Multilateralism is of the essence More even more now than before That you are absolutely right what we have the best informal Grouping that exists for that is the g20. It was Substituting to the g7 in the occasion of the crisis the g7 accepted that the baton of the Most important and pertinent informal grouping with the g20 you're absolutely right to mention that the g20 has positives and negatives On the positive I would never the less mention the fact that the work which has been done in Basel The work which has been done in the financial stability board Goes through a lot of mechanism through the international financial institutions that are very important in all this mechanism then to the g20 and These consensus or various rules regulations standards are stamped by the g20 even today So we cannot say that it does not exist or it does not do the job We we can say it's not sufficient You will forget you're you're concentrating on the banks, but you're forgetting the non banks as has been said by a Number of us you can say a lot of things, but it is still there It still functions and is it still produces in my opinion Value added in the global governance where we have a failure in my opinion and John might have Sentiment on that is that on the coordination of macro policies doesn't work and The secretariat is the IMF for this particular Part of the g20 franchise and it's true that it is not at all encouraging and of course the fact that the president of the USA himself says I the hell with the Multilateralism and so forth still he was participating in my memory in the g20 in the g7 and With some kind of perhaps erratic behavior. He was never the less physically present and The the US did not withdraw from the g20 or the g7 so I Don't want to be to be optimistic because we have a lot of good reasons to be very pessimistic What I know in advance and it is ridiculous when we have the new crisis Then you will see the g20 very active and doing a lot of things with the sword in the back Clearly and it it was exactly what happened in 08 or 9 it was exactly that when you have those word in the back you react and You are doing crisis management More I would say in a way which has been of course With a lot of defects, but we avoided the absolute drama that being said I also draw as a provisional conclusion that we have a large consensus to think that there is a probability of materialization of a very grave new crisis and That is of course something which is also very important in our meditation, but Daniel you had asked for the floor let me ask you sir I Believe that the economic slowdown will continue I Believe also that we are kicking the can down the road We need to be much more Prank and say we do not know this is a stark reality And this is why there are people who are thinking look in the end will Resort to helicopter money Not only for the sake of raising the inflation rate Which has become an obsession. It's like inflation targeting is how to create inflation. It's not about price stability It's about creating inflation No, no, I'm saying I'm saying it. I'm over shooting but but now secondly I think we will avert A big crisis next year because Sort of desperation The resumption of QE It's reality already The talk about a new fiscal stimulus, especially where Economists can undertake it where they center banks or reserve currency providing banks and and wherever there is fiscal space What I fear and as you emphasized president riche is is the liquidity issue The canisian trap Curies are basically injection of base money Never in history probably. I mean we replaced quasi money created by commercial banks with base money Never in modern history. We have so so huge introduction of base money in the systems and we still Fear saw the stops because they could he can disappear all of a sudden like water in the sand and I'm asking myself if There will be a correction a massive correction Stock exchange. So what what could disappear? I mean liquidity Very easily disappear. I mean there are companies which which seat on on massive amounts of liquidity And what happened in the Ripper market in the United States shows I mean the fear of not having enough liquidity So this is an issue. Who can provide? liquidity when a new crisis strikes who The Fed again the ECB the IMF can the IMF no question It's it's pretty questionable and this is why when Mark Carney came with the idea of great Secondly investment John you're right But there is as Mervin King said Radical uncertainty Companies are not going to make investment private companies even if we Come up with a carbon tax It's a price, but there are many prices. There are many no, no I mean I can we want to change the way we think about the future I agree, but I'm talking about radical uncertainty and and and the prepared very low propensity invest then it's only the only governments Government can undertake massive public investment So do you have another idea that you could float and what I think about Libra why I think it should be Strongly regulated. I think the central banks and regulator is fully entitled to be more than cautious in accepting Libra and other similar assets because Facebook and other entities are huge They can provide services to billions and billions. I take your point and I expect we did not discuss the crypto currencies and all the extraordinary Ideas that are floating here and there and the token the crypto token and Libra and so forth I know Ellen that you have very strong position because everybody heard it And I think that perhaps you could say a word when you are the Rapporteur for our meeting perhaps You could you could say a word on that because because I I think that what you you said publicly and we all Heard heard it. It was very stimulating and I must I share very much the view of Daniel There is something which is very dangerous there Okay, so we have two more questions. Yes, please and there's there's one thing which I don't fully understand listening to Lauren Fabius And P&A this morning listening to the conversation that Geoffrey Frieden and Bertrand to use today It looks to me that the pricing of carbon could be a very simple Way to introduce rationality in decisions. So if you increase it massively then things will change Why don't we do that even before creating the central bank? That's a very good question, but I'm afraid we would spend quite a lot of time on it The point of a central bank is precisely to have a target price and you don't want a price on your spot price You want the whole path, which is what the central bank could do very beautifully like we've inflation targeting. So good luck with the idea I think it's a great idea But but a lot of other questions I guess because what do you do with the immense cold production of the Chinese? How would we impose the the price to have import Carbon import content at the border, which is also something disgusting the document and maybe you know Then it would be very good that you would circulate the reference in order for us to plunge in the meditation Thank you, please you have the floor Thank you. I set up in my chair when I heard Geoff Frieden talk about sanctions because The Trump administration has basically only sanctions and tariffs as foreign policy to Then Jeff knocked me off my chair by saying he foresaw the possibility distinct possibility of 1930s conditions coming in Jeff could you elucidate on both points? Okay, well, I had a couple of things in mind the first is the collapse of cooperation in the 1930s which was both cause and effect of the rise of mass dissatisfaction with the way that existing elites and existing political institutions and political parties had dealt with a crisis so we have to understand that you've got a bubbling up of discontent on the part of mass publics throughout the world and In an inadequate response and that's in a way That's what we think of is happening in the late 20s in early 1930s. It's interesting to note by the way And I don't mean this to say we are now in the 1930s, although I think there are some indications I I agree completely with Ellen that this is a classic rogoff-reinhardt style that that crisis Their average is five to seven years for recovery The Europeans have you know in typical European fashion done it so well that it's taken 10 to 14 years to recover The credit channel is completely blocked and and all of the indications that people have given a goal on those lines But but to take the metaphor and it is just a metaphor analogy I never know the difference the take the analogy a little bit farther you know think back to what happened in the 1930s in the 1930s one set of countries one set of governments under took really decisive action in response to these mass demands and declared a bank holiday basically in Decreed an industrial policy put five million unemployed to work ran for the first time in American Pay peacetime history massive budget deficits it took the dollar off gold all of these major Major measures on the part of the Roosevelt administration and then there's another group of countries that did something very very similar the Nazis as Cain said in 1936 in his introduction to the German edition of General theory the Germans have he's sorry to say and he's very apologetic about it Germans have done exactly what I would have done in these circumstances So I guess the point that I'm trying to make is either We I don't know who we is I'm an academic either people who actually are are likely to take this in a cooperative sort of Progressive, let's call it direction and I very much like the ideas that Ellen floated and that they're not floated Either people take either political leaders take it in a progressive direction Or it's going to be taken from them by the populace who are not going to give up when they fail They double down, you know, if the Trump administration is unsuccessful in providing what its constituents want They're not going to declare defeat and say well, let's go back to the status quo They're gonna say it's all because of the bad international bankers and the multilateralists and the Chinese and the Europeans And if we only raised tariffs another 25 percent Etc. Etc. So I think there really is a sense in my mind of a bifurcation Just as there was in the 1930s you can go in a social democratic direction in 1930 or you can go in a fascist direction there really was no other choice And I think at this point people have to recognize that this is not just another recession just like it was not just another Cyclical crisis there is a fundamental questioning of the very Foundation stone of the post war international economic order and it's not coming from the developing countries It's not coming from China. It's not coming from the Soviet Union It's coming from in some cases majority populations in the advanced industrial countries or populations that are willing to stand behind Political leaders that are promising results that that require Essentially undoing the international economic order as we know it so that's sort of what I would call sort of I mean if I want to think about it a Call to action the call to action is you know people we have these long-term trends that have left many behind They want answers and we keep responding to those long-term trends by saying well the answer is Education the answer is infrastructure the answer is a variety of other things That's not the answer people want people want and I'm not a politician. I'm just an academic But politicians what we need is politicians who can provide an Politically attractive alternative that takes our countries in a direction that's acceptable to our people and right now We don't have that and I think that the time is very dangerous Sorry for the we we we I think all agree that the time are very dangerous but from time to time I am thinking the US is the very place where populism is erupting and taking dominant position and Maybe it will go on and on What is the current account of the US minus 3.5 percent of if I'm not misled of the GDP? so the US already spent much more that it earns and When you look at the monetary policy she's extremely it is extremely accommodating obviously taking into account full employment when you look at the fiscal policy, it's already extremely so The recipe if there is a recipe is of a totally different nature from what was done in the 30s It seems to me because there you had to embark in a very strong I would say ultra accommodating fiscal and monetary policy But but then it's already done in our so so what's behind? I mean we have no time But the question is what do you suggest sir you're an academic you have all rights to suggest anything to the Politician political sphere, and I think I can I he wants the last word Well, I can I Analogy with the 30s perhaps irrelevant at this moment simply because You know in the 30s the major problem was unemployment in the US Japan and Germany now Japan US Unemployment rate is lowest during the past half century absolutely true. So the major problem is low wage increase So why don't we address? Policies, you know directly to that that's an income's policy as Are you and it didn't work because it was not structured well enough. I You know for those who learn or studied economics in the 70s. We are familiar with tip Meaning tax-based incomes policy Sydney wine trop and Henley Wallach Of course Henley was governor of the Phillip reserve board in those days and who was a regular visitor to Basel when I was working. Yeah, but anyway, so why don't we revisit tip tax Tax-based incomes policy It's a it's an idea. This is brainstorming Yeah, one sentence that I didn't mean to suggest that the conditions were the economic conditions were similar The problems are very different, but the fact that we face in some ways across the road or Fork in the road I think are very similar and I think that the kinds of ideas that people have been throwing around whether it's universal basic income or Tax-based incomes policy or the the carbon price all of these things are things that I as academic Well as an academic would encourage politicians to start thinking about talking about because if we don't come up with some alternative I think we are in real trouble. I Think it's a le mot de la fin. Thank you very much. Thank you all for this very very fruitful discussion


But I was against them trading for Bradley Beale during the season He's an excellent player because it would have prevented them from having Maximum cap space this summer and I get it everybody say well magic never missed the playoffs Well magic never played with less than three Hall of Famer because it's difficult It's a mental drain to play these regular season games when you know It's all about May and June Chris Broussard here and welcome to the brand-new Hoops on Fox podcast This podcast will give you your daily dose of all things NBA from Fox Sports including the best content from Skip and Shannon Nick right plus special guest fresh NBA content from myself post game interviews from NBA stars around the league and much much more Up first Chris Broussard joins Nick and CeCe to explain who's really in control of the Lakers Broussard, do you think the Lakers gave LeBron too much control when putting this team together? We've been saying this all year that you know LeBron when they met with magic LeBron was talking about what he wanted to be surrounded by First, I think we have to understand magic Magic had a lot of say with the Lakers He was had a really great relationship with the owner Jerry bus and to the point where some of his teammates Were a little leery of it like they thought he was Magic when he was a player correct. Yeah. Yeah had a great relationship. We know he got Paul West head fire Great story about that is that when somebody very close to the late Jerry bus came to him and said then we got a huge problem Right magic. You got a huge problem. Magic said he doesn't like the coach and the late Jerry bus said well That's not a big problem at all. Get rid of the code fire the code Riley's there and showtime begins but go yeah, but that that's magic Okay, so and I think a superstar should have some say so I don't mind sitting there listening to LeBron And I get where LeBron was coming from. Okay, we tried to out shoot the Warriors in Cleveland. We couldn't okay When we beat them in 2016 we had and even challenged them pretty well in 2015 with Al Qaeda and Kevin Love We we had right we had tough gritty defenders. We like you said we mucked it up We we need some playmakers to I want some other guys that can make plays with me So magic should have taken that into consideration and okay. We'll go get a few of those guys But also get some shooting. They're not mutually exclusive and that's the thing He didn't do I would have loved for them to keep brook brook Lopez. Well now that looks like a disaster Oh my god, can you imagine how good? I mean they tried to get brook Lopez light in Mascala and he's really like We saw Channing fry and the last date legs of his career Be good with LeBron a stretch five brook Lopez this year now He wasn't as good of a shooter last year's it was this year really this year with Milwaukee It's opened up something entirely and brook Lopez was cheap right three and a half million bucks Here's here's the thing. I would be to be fair on all sides of it I clearly had underestimated how much influence LeBron had on the roster because I had been told very Specifically and I still believe and I and I almost know what to be true LeBron did not present them here the names to go Get no, but what he did say has now been reported Repeatedly by you Ramona show or in others is the archetype of player They then came up with a list of guys They think they could get that fit that archetype and LeBron signed off and there was only so many guys available But that's the other elements. It wasn't like it was a great list Right, right guys that you can get cheaply on one year deals This laker team would look very different if they weren't adamant about keeping max cap space But I was against them trading for bradley biel during the season He's an excellent player because it would have prevented them from having Maximum cap space this summer. So when you are building a team that is not really for this year It's to keep flexibility for next year. There are going to be some limitations They still everyone could have done a better job and you could have recognized that like Beasley isn't a playmaker He's not right. I don't know why they picked up, right? Everyone could have done a better job. The only thing this really should be a dispute here Is the choice of words did they give LeBron too much control because I believe that's the wrong word They asked LeBron. They made suggestions to LeBron's as far as what do you think as long as you've been playing in this league Matter of fact, we haven't been to the playoffs in Five years, right? So, I mean what we're doing it was like Nick Saban He told me when he got hired at university alabama He talked to the president and the president told him what kind of football team he wanted on the field And Nick Saban said I was I was more than cordial. I allowed him to explain to me What kind of team he won? And then I went on to tell him That I was making all the decisions and the type of team that he had won had gotten smashed And they had taken the role out of the tide he had planned on bringing the role back to the tide so In doing that I can understand. He's been the eight straight finals Why wouldn't you ask him if I'm sitting outside and on on your front On on in on the street waiting for free agency sitting in my car What do you think once LeBron agrees to come? What else are you going to talk to him about? Hey man, what style you want to play right? I mean, what else are you going to talk about? What kind of players man? What kind of who do you like man? Who do you think is underrated? Who are you familiar with? Who are you comfortable with? And the list that was presented to him was not a great list So any superstar we have seen it through the history of time They always get blamed if the coach gets fired they get part of the blame That's all part of being a superstar in the NBA, but I believe that they went about it the right way They were just magic wasn't right and LeBron wasn't right But also LeBron hasn't been the best at evaluating talent seemingly and he wanted Dwayne Wade there because they were friends It didn't quite work out. We we heard the rumors that he wanted Carmelo Anthony That really wasn't going to work out He doesn't have the best judgment in evaluating talent whether he even should have playmakers or shooters Chris facade I want you to make a list of guys who have been exceptional at the NBA And they are good at talent evaluators Because it's a small sheet of jerry west that that it might stop I think it's him because Elgin Baylor was a GM for a long time, but he wasn't great at it Right, I mean if you is jordan hasn't been good at it magic hasn't been good at it The Kobe's not into the business. So we don't know I listen. I listen to shaggy. It's early I mean, it's one you get what one or two years. So maybe it's not very yet on magic But it's early jordan and but it is jerry west see your I mean that is that is of all time great players So for us to have those expectations from players now We should be able to take the knowledge that they do have Because I know through Shaquille O'Neal when he was a teammate with LeBron I was invited in cleveland to to a practice into a game and I sat there in the stands I'd like Shaq give me something. He's like man, man the duo is so far man There was so far man. No everything every play every man. I never seen nothing like in my life I mean that's from Shaquille O'Neal at a very Young age so LeBron we have to give him credit for we is but in doing this and putting this team together This it was limited who they could get at this and the players they got We're not they didn't it just didn't work out and this is a theme across sports Sometimes we we off the air when we're talking about people to potentially bring on the show It's like very recently retired football players and we it's usually people you know better than we know right because either relationships with them and More often than not your responses on a lot of these guys, man That what are they going to talk about because they don't know the league the way we think they would know the league like guys that are Contemporary players Even if you know what's going on in the league the ability to evaluate Who's good who's not versus who played well against you versus who had moments against you This way as opposed to this way when you're in the league playing and that's your point Which is why for the Lakers and this is in the conversation I had yesterday with the western conference executive his Not concerned he's actually happy about this part of it is that The Lakers don't have The what I would call like the the non-basketball smart guy They don't have someone in the room in a real position of power that can say all right Here's actually what the metrics say here's what no matter what you think about land stevensons being an irritant And toughness his team over the last few years has been worse with him on the court than off the court except for this year in Indiana like there There's an element of magic and polinka kind of fit the same role Like magic and polinka are both the relationship Side of the gm business right like an agent and a player But who's the guy that is scouting the next luke who you know what I mean Who's the guy that is figuring out what okay? We don't have enough shooting like the ingram and kuzma top out here at shooting And we can get cheap shooting this way rather than that way. Let me say this quickly too because When lebron, he's gonna own the team. We know he's talked about that He's not going to let a player run the organization Okay, and that's you as much say as you may give a superstar player The player can't run the organization lebron one is two types two of his three titles in miami Where pat riley had control lebron was a player now I'll get some safe from lebron as you said But there has to be a hierarchy a defined hierarchy in just about every organization Yes, so that's important too for the lakers going forward next jim jackson joins collin coward to explain how the summer now Determines contenders in the nba this warrior dynasty though. They got polished by 33 at home They've they've been blown out by boston philly, toronto milwaki all four eastern teams at home Let's take me back to the mj dynasty Were they this bad during the regular season regularly? No, I mean they got b I remember when I was in new jersey in 97 We beat them in jersey, okay And then we went back to chicago and they got us but they had some games like that But it's a different time, you know, it's interesting because I did the game last night And we were meeting with steve kerr and Leading up to it. He said the challenge for him is trying to figure out How to get his how to motivate his guys on different levels because human nature sets in of course and With the grind of the last five years, okay How do you motivate a team that's kind of already been there at first the first two years? It was just we fun. We were going at it. We got something to prove And then it switched to being more of a burden during the regular season And that's what we saw last night a boston team trying to figure it out. We're on the road. Can we bond together? This road trip is huge for us to kind of bond together where it was a golden state team That came out flat and see kind of looked like here we go body body language By the way, we'll show some video here the body language for golden state. No, I mean just not getting back You know, I want to talk about the kairi situation because we were joy and I were talking about this earlier Is that uh, I wrote both my books on a plane Because I found that that that I tend to be kind of add and I can't pay attention to stuff But when I was on a plane for six hours Focus like wow. Yeah, I could dive deep and kairi mentioned last night That the flight was so long that dany and brad called him up go back Go back to the bad times in your career. Yeah And the flights and how do you turn the chemistry around? Well, it depends on the team too and the makeup of the team. I think that's so important Because you got to keep in mind a lot like the lakers The young players, okay There's a lot of commonality there because you had high expectations based of what happened last year kuzma ingram ball Okay, you think about okay now they're going to take the next step you think about jaylen brown Jason tatum roger after that great great next step Now you bring back kairi you bring back lebron. Oh instantly we're going to get better But what happens is You have these young guys that got expectations upon themselves on what they who they want to be and they're young kairi hasn't had to deal with that in regards to being a leader Lebron hasn't had to deal with that in regards to being a leader because he's had an older team put around them So I'm I'm sure on that flight now they talked about this boston after the houston loss But what they needed to do Everybody's talking about toxic environment this this and this and and we expect it just to all happen Because oh they're but they're young kids and kairi really hasn't led so That flight probably gave them time to kind of talk a little bit more to be in close comfort To have some things out to figure it out a little bit And the difference last night was from the beginning of the game. They were connected Oh the bench even the bench. Oh, they were cheering on everything. Yeah, no, I mean the I watched the first half They were so engaged It was unbelievable to watch And it was even better to watch them Continue to go to gordon hayward. Yeah, see listen collin. I've been in that situation to understand what gordon hayward is going through My third year when I got hurt 51 games. I'm averaging 26 the next year. I come back. I'm not the same player Okay, gordon hayward didn't play as many games with that crew as I did with dallas, but Trying to integrate him back into the system Caused a little problem trying to integrate me back in the system Caused a little division because I wasn't the same player and I can understand Brad's dilemma the players dilemma and gordon's dilemma, you know And to see him play like like that last night, would he get 30 every night? No But to watch his teammates support him when he was open. They made sure he got it They were cheering on the sideline That was a beautiful that that was one of those moments where you can see okay now. Where can this boston team? Carry that attitude forget winter loss It's how they played the game to me. That was more important Yeah, and they do have playoff experience a great coach and they got about seven eight guys that can play al horford Gordon kairi jason tatum jalen brown marcus mark. Yeah The other kid that the four morris morris about seven dudes that can play in this league some b-minus some a-minus But I still like them. I've said my championship bubble is golden states the only team in the bubble houston boston filly I think are really talented milwaukey is close, right?  I'm gonna take a year off It's not tampering when you're retired Comes to la. It's like, you know what? I want to do some movies. I want to do some stuff I want to two chains. I want to do my stuff right when I moved to la I was at the beach for six weeks. I dyed my hair. I was a mess. Okay La la does that too. It does that lebron may have been better served After a straight trip to the finals looking at it and saying We this is this you know what? I'm gonna take a year off. I'm gonna get off the treadmill I'm gonna survey all this stuff. I'm a tamper although. It's not tampering. I'm gonna get on my private jet I'm gonna go to warrior games I'm gonna take clay and kevin diran out is I look at this year and I think of course it didn't work He can't get remarried 15 minutes into la. He should there's no way this emotionally was gonna work Well, here's the challenge shoot for a guy like lebron because he's so competitive in what he wants to do But Because he's older in his career and you understand that he's crossed over you talked about the mogul stage to doing other things to me just Outside looking in and what this team needed Maybe you don't do all the hollywood stuff. Maybe it's just basketball this year because That young team needed his full attention To understand what it means to win and they didn't get it and they didn't get it And it's no fault of his own from this perspective because in his mind He's still doing what lebron does all the time everybody else just follows But again, i'ma go back to the youth aspect of it when you got people saying Okay, we need you to step up your next in line cow cow kuzma. He's a surprise at the nba You know what the lakers were able to get an ingram you need to play better All this stuff is going on. Okay. Yeah, we want to win But I need to get my numbers too. I need to get better I need to prove as a young player that I can compete in this league and the problem the issue We have is that we want an 18 19 20 21 year old to automatically be 25 Okay overnight it doesn't happen They got to go through a process and the process could have been helped a little bit more by lebron of that laser focus, okay, and I hate to compare kobe and Lebron, but imagine if kobe was in a situation It's all basketball And that's what those Young players would see by the way. I never felt kobe in all his years in la I never felt he was distracted. I felt shack was often distracted. Yeah shack shack was into the hollywood thing and again Different personalities different upbringing Think about when kobe was going through the whole trial He had some of his best game because he was labor laser focused. Okay When I was there briefly with the Lakers, I got a chance to see it. Okay first hand Just kobe just being all about basketball And that makes other guys That want to play and want to contribute And you know what you know, maybe tonight or maybe I I got to really zone in because that guy up front Employee number 20 number eight at the time Is zoned in and I got to do my job and and sometimes it takes that subtle Change in the personality as big as lebron is to say, you know, I'm just gonna focus here By the way, um One question about jordan lebron will surpass jordan tonight points um I said listen, I spent a lot of time saying Lebron's the swiss army knife of the nba. He's he does more things well than michael But I will tell you I was at michael's last game in portland. We have video. He was 40 He went 11 of 19 25.7 assists. I was at that game about third row to the left, right I do not believe Lebron's 34 that in six years lebron will ever plan nba game and easily be the best player on the floor And by the way, rashid was on the floor bonzi on the floor. I think rip hamilton was on the floor Damon stottemire was on the floor. Zach randolph was on the floor. I was at that game portland was a 50 win team michael at 40 was unbelievable Go to your last time playing jordan. How old was he washington when I played him in washington So but here's the difference His game was so dimensional from this perspective Okay, if he wasn't if he didn't shoot the three well, guess what I can go to the mid post I can go to the post I can go to the mid range All the stuff that we're seeing right here are baskets that are in 15 feet 18 feet The posts all of those things are hard to stop. He can still get those shots Lebron has built more. I'm gonna take a long jump shot or I'm getting to the basket And then he's not shooting free throws well. So as you get older, it's easier to guard you Okay, because I can take that away with this right here This is a skill said that he developed over years. So when he got 40 This was second nature Lebron doesn't have that tool in this toolbox to kind of go to Mid post post to be able to still be effective. Would he still be great? Probably will be we don't know but that game right there transcends transcend. I don't care that transcends That game had rip hamilton zack randolph daemon Bonzi sheet and I sat there with a buddy of mine and I'm like He is the best player on the floor. It's unbelievable and it 40 he's 40 years old But he did it because he was so efficient at understanding where the sweet spots in the defense were and where he could get his shots Okay, that's the beauty of it and as great as lebron is that one year in miami when he really went to the post He was right hand left hand couldn't stop him. I said see that's that next step But he kind of went away from because he's more comfortable playing outside. Yeah, great stuff Jim Jackson 14 NBA seasons. Congratulations on all your personal stuff as well. Thank you. It's a lot of fun, man A lot of fun Now steven jackson sits with skip and shanon to explain why lebron missing the playoffs doesn't tarnish his legacy You first how would missing the playoffs affect lebron's legacy? Invited all to me Me a little no, um, I love how we do everything we possibly can to excuse Jordan not making the playoffs in his final two years and I get it everybody say well magic never missed the playoffs Well magic never played with less than three hall of famers bird never missed the playoffs He never played with less than four hall of famers Tell me the guy tell me the guy on the roster currently that's going to be all the NBA moving forward Tell me the guy that's on the roster right now that's going to be in the hall of fame and I'll just wait Oh, yeah, that meant enough Look, I get it on which roster on the Lakers right now right now rondo rondo I was gonna say rondo go to the hall of fame possibly If you see the people some people that's in the hall of fame. Yeah, definitely deserve it But when those guys were playing with those kids who knows what they might do they might take off Let me ask you a question. It's early. What can I do you? Where would you write kareem? If you but when you say kareem you think you're even okay? Yeah, you think kareem. Okay top three top three to me Guess who guess who guess who guess who played with who you play with magic Because so you can understand why they would make james worthy. Is he in the hall of fame? What about mackadoo? What about mackael perish denny johnson made archibald bill walk Come on skip, baby.  You I didn't say a word yet You name one player michael played with at washington Exactly not one not one, but I can name old scottie pippen and denny's ronnie You know denny's ronnie led the league and rebounded all three years. He was in chicago And your point is the point is he had hall of famers And when he didn't have a hall of famer guess where he was He was 38 and 39 He'd been off for three years. He'd been gone from basketball Even at that even at that age. He still wasn't in year 16. That was your 13 year 14 Lebron james in year 16 with eight straight finals on this resume or sprinkling a couple olympics And here we are still giving you 27-8 Nate I'm glad you yawned because those are roll out of bed now for lebron right what he does He just rolls he yawns and rolls out of bed and he goes 27-8 am i am i surprised they're not in the playoffs I thought the lakers would be better I really thought the lakers would be better But then the injury bug started it hit him it hit rondo hit lanzo And now kuzma and now ingram and now stevenson and now janler Let's get come on, but when we look at a stack, this is not a really good team now Not a good team at all and you know people shouldn't be upset that they didn't make the playoffs I mean, I think if anybody had a rule to waken in this Lebron because everybody was telling them Western Conference is a different monster Now experience is the best teacher and he's seeing it's a different monster But at the same time guys that know the game we knew it was a possibility that they'll be in this situation You know with the young team they have but i'ma say this and i'ma leave it alone keep that same energy Because the lakers won't be the same team next year Okay, so does it taint his legacy that he missed? Well, obviously Kobe did miss the playoffs the year after shack was run out of town by Kobe, right? So let's look at Kobe's teammates in that year. They missed the playoffs. They went 34 and 48, right? I'm good, right? Okay Karan Butler was the second score Lamar Odom was on that team third score You remember the immortal chuckie atkins chris mim jamane jones devon george That's what you got to work with not a great team A team that I would have looked at before the year and said, I don't know. That's that's in the west They'll play hard, but yeah, I'm not sure about that Then they bounced back and they did make the playoffs the next two years But they went out quickly and unceremoniously To the phoenix sons in the first draft You've been telling me Kobe lost in the first round And he had one pout game where he just we didn't shoot them all Yeah, people were all over him. He's so he said I today. I'm not gonna So you know what stacks he had a lot in common with Michael Jordan Because you know Michael Jordan went out in the first round He went out in the first round with the old bad book big the big three Wawa get up out of here Wawa get up out of here Are you talking about the same guy who went six and on the files with six mvp's Hold on. He can't be he can't be. Oh, yes.  You was covering the team. I want to know skip. May let's tell the truth now So the only way this taints LeBron's legacy is it just completely undercuts and disqualifies your argument that he's greater than Michael Jordan That's all it does because at age 34, which is LeBron's age right now Michael Jordan won another scoring title and was first team all defense at age 34 And obviously they went on to win another championship There's sixth and another finals MVP is sixth skip. We gotta stop. We gotta stop. But here's the thing That's 34 to 34. But here's the thing He Michael Jordan Scotty Pippin led the team and assist all those years Someone else led the team in rebounding all those years Jordan didn't have to worry about all these other things that LeBron did But I still want to know why Washington he went to the wizards Why does that not have an impact on his legacy? He was still Michael Jordan That's what you're telling me. He the ghost now the ghost supposed to drag anything ghosty anything So why couldn't he get it there? But that's old big horn. She watch what he'd be doing in your In year and think about hold on skip. You keep telling me when he was in washington That was your 13 and 14 LeBron James is in year 60 LeBron James year 13 and 14 Age age 38 and 39 and watching what gotta do with anything if he got you to 30 years But what is what player that's the face of the league One mvp and defensive player That's but that's that's hard to do Shannon LeBron James should have won the deeper What should have won uh, he got to play defense first The year marga saw wanted, you know LeBron supposed to have a god that awards stacks Right no, did LeBron not bring this year upon himself because we still hear that he was the one who wanted Playmakers not shooters. I don't know what LeBron LeBron out is mine. Okay. He was out of his mind But that's what he wanted he give him a rondo give him a lane Who else can make plays? I don't know if you look at LeBron James career LeBron James is really played with two paid playmakers. That's kairi urban and and uh, duane wade And even when he had those guys, what was he surrounded with shooters? Yeah, so now all of a sudden you will get year 16 and tell him that you don't want shooters You want playmakers? Okay. Well, okay. Where are they? Where to play me? So I don't know He told me one of the playmakers. Yeah, Michael Beasley's in china. I think right. I talked to him yesterday. Did you early? Yeah, all right. Yeah, he's doing good. Good. Shout out to Michael Beasley. I love Michael Beasley I mean we're playmakers. Okay. So a year ago Not even a year ago, but in the off season LeBron had chances He could have gone to philly and joined forces with that team Great things would have happened. He could have gone to houston joined forces with that team Great things would have happened. He joined forces with hollywood. He wanted hollywood and he got hollywood And and I was shocked the day it happened because I said he's going to do this without a Bonefied co-star like a second scorer like really you're going to do that Well, I guess he's going to do that and then he brought some of this on himself because obviously at the trade deadline He and rich paul attempted to power play their way into anthony davis And they were willing to trade all the kids all the clean out the locker room all the kids And and it just detonated that locker room. It it never was they couldn't handle it Following javail magie joins christine lehi to break down his unique journey in becoming an nba champion Welcome to fair game. I'm christine lehi and my guest today was a two-time nba champion with the golden state warriors And it's partly responsible for bringing back the fanny pack from the los angeles lakers Javail magie is here. I got to say I am shocked that you're not wearing a fanny pack I don't know that i've seen you off the court without one What is it you love so much about the fanny pack? First of all, thanks to your statement I'm not wearing my fanny pack because I left it in the car. Oh my bad. I have it.  I think I'll be okay Okay, there's a lot of father and son duos that have played in the nba the berries the curries the waltons You are the first nba player whose mother played in the wnba and I love your story because I just have this image of You in a bassinet always surrounded by wnba players with your mom Do you still have lots of memories of those times when you were growing up like that? Yeah, I definitely have a lot of memories of uh I'd of course I don't have the memories of being in the stroller I don't think anybody's memory goes back that far But I do have memories of when my mother was uh playing for la Sacramento and when she was coaching for the trade shop What's that like though being surrounded by a bunch of female basketball players? You're asking a question from a person that wasn't surrounded by female basketball players So as a person who was I just thought that was normal. Do you ever play one on one with your mom? I used to when I was younger. I couldn't beat her until I was like 14 No way You have it just in your genes right this basketball and there's a story that your mom She was in her early 20s when she got pregnant with you And she actually had an appointment because she wasn't sure if she was going to go through with the pregnancy Your dad wasn't in the picture and then she heard a pastor Speak and she canceled it and then came you What did she tell you about that decision and what she heard that day? Um, she just told me it was Godson and hepperson that I was supposed to be born And she told me a story how I was like born with a basketball in my hand But like it was like a ball in my hand when I was born Like I don't know the stuff that's in a woman's stomach when the baby's born But I was just like, yeah, okay, but it might be true or she might just be Making it up to make it sound good. But that's my mother. I love her Did that affect you at all hearing that it was a pretty crazy story. It wasn't like It wasn't like I didn't hear it. It was like, oh man, I must be destined to play basketball I didn't take it like that. I was just like, oh, that's a cool story. But now that I'm older I'm like, wow, and I'm actually an NBA. I'm actually doing Great things in the NBA. It's kind of a cool story now But when I heard it, no, it wasn't really interesting. What's the best piece of advice she's ever given you She's always told me like it doesn't matter if you lose win fail or whatever as long as in the end of it You were like, I tried my hardest like I worked my hardest. I was in the gym I was in the weight room. I was working my hardest. So you can't be mad at yourself at least It was just wasn't meant to be but if it happens and you worked hard is even more satisfying You also try to stay really involved with your community and you're wearing the shirt for it right now from flint, michigan First of all, how crazy is it that they're still having a water crisis? Extremely, extremely crazy. And it's just crazy that the america's worried about other things right now And there's a literally a city in michigan that doesn't have access to clean water. Like it's a third world country Does that make you angry? Yeah, it does So how did you kind of come about jug life? And why was it so important to you? So I started jug life As basically just a hashtag trying to influence people to drink more water I think it's like 80 80 something percent of people in america don't get enough water that they actually need every day and uh Obviously flint mission doesn't even have access to clean water. So that's even a crazy statistic if you think about it Just because we're in america like the richest country in the world um But I started just trying to get people to drink water started posting to instagram me drinking a gallon a day People started doing it back and then my uh, my business partner cares read his uncle Uh, is a philanthropist, but he travels around the world and just does like missions So he goes to the philippines helps out blah blah. So he was in uganda And he contacted cares and was like there's opportunity to build water wells out here Because they have no access to clean water. Is it was a there was a couple schools? um students who were hiv infected and they the villages weren't letting them come to their water source just because they were afraid I guess so We found that opportunity and we were like this is a great opportunity to help And then that's what started the foundation part of jug life And we've been doing it ever since in the past two years I actually got to go to uganda and see the natural water sources that they were drinking out of which were cloudy white with Infections and things like that they wash up in there the animals Use the bathroom in there guys are cleaning their bikes in there Like is and then kids come with 20 gallon jugs and fill it fill up the dirty water and bring it to their villages Basically just spreading disease So just being able to help out with that was definitely one of the best things I feel I feel like I've done Including basketball including basketball. So the Javail McGee that you are now Is not always who you were when you first started in the league basketball wise You struggled a bit in the beginning and the media criticized you quite a bit How much did that affect you? I feel like it didn't affect me at first It just affected me it started to affect me when GM's and NBA coaches started to believe the things that The media or even like social media was portraying me to be So what was the worst thing that you were hearing that was said about you?  It's when a GM or owner of a team Starts thinking that and they're like no, we don't want to sign them because that's now Affecting my livelihood and how I pay my bills and how I feed my family So that's when I was just like his last straw like I don't because i'm not really the person who's going back on people on twitter Right because those are people I don't know and never will meet So when you say it was the last straw, what did you do? um, I mean it was definitely just Low lights being shown to me on tv Uh, but it had came to the point where I was like missing the layup And i'm like oh my goodness This is on the show now and i was just like come on man. Everybody misses the layup like a contested layup like Come on man, and I had to do what I had to do and then it was canceled and then I never was On a certain show again You're talking about shack. Mm-hmm. Have you guys ever resolved that? No, but it's not really uh something to resolve. I mean He's in his world of my own world So it's not really a It's not really a beef like when I see you it's smoke type stuff Finally chris broussard joins nick and cc again to break down the Celtics crucial win over the warriors So this warriors team has a number of nights like they had last night. Maybe not as bad and we just keep saying Okay, they had it. They'll be fine. It's the warriors. They're fine. No worries. They're fine But I don't know steve curry made a few comments there that they have a couple things that they do need to address And they do need to correct. Are you buying that the warriors have actual flaws on this team? Well, exactly It's funny because stuff you you saw that underlying smile and spurred where he's not he's not too concerned I don't think I'm not concerned. They're still the heavy favorite my pick It is a reason only three teams have three peded in the last 52 years jordan's bulls twice and shack coby lakers Because it's difficult. It's a mental drain to play these regular season games when you know It's all about may and june even june for you And there's a reason no team's been to five straight finals right since russia selthick's lebron went to eight straight But he got different teams different teams So we were talking about steve clay draymond iggy try i know durant's new but those four guys Trying to do this for a fifth straight hundred games It's a challenge if you look at jordan's bulls the two that three peded the third season their regular season record was always the worst So it happens that said they do have there are some concerns. I have about this team I think this is the most vulnerable they've been since kevin durant got there and here's a few things boogie Now when you look at demarkets because it's the eye test He's running the floor. He's sharing the ball. He's moving. Okay for him It looks fine with the eye test and when you look at the conventional numbers 15 points eight rebounds a team high in 25 minutes You think okay boogie's fitting in you look deeper into the numbers Defensively when boogie is on the floor They are One of the worst teams in the league their defensive rating is like 107.7 That's that's mediocre when he's i'm sorry 108 Which is even worse right when he's not on the floor their defensive rating is better Offensively when he's not on the floor they play at a historic level Offensively and when he's there they're more like a mediocre team their net rating is nine points better When he's off the floor and it goes deeper than that so when they're all in ba Lineups out there all five guys five all start they are the clay kd steff boogie and draymond they have a negative net rating They're being outscored by their opponents when those five are out there when the four are out there without boogie without boogie They're beating opponents by 12 points for 100 possessions. That's a prop It's a that's a curve is going to have to make the tough decision because you know they see it You know they have these numbers Look before boogie got there You steff was the only weak link defensively and teams would try to target him get him in pick and roll But you could protect him now you have two guys you can go at if you're in offense in boogie and steff And that's made them vulnerable the the one thing that was a calming force for me That guy doing the interview man, right?  I can the media y'all did this to me Steph curry bra He's the calming force to in the mba right now kd is unstoppable He is a match-up nightmare But steff curry sat there like a grown man right in his uniform leader Yes The way you want your leader to be able to talk because ultimately he can't make excuses and he said it in these last 16 years we're gonna have to show some people because This is new to them to haven boogie Now these guys have made all these sacrifices sacrifices and sacrifices Nick you mentioned something to me last season when they were when everyone was upset about boogie signing with the golden state He's like they can't get better offensively. Right. It's impossible Right. They they were they had the greatest offense in mba history last year So like you you at some point you reach a point of diminishing returns Like your offense is not going to be more efficient So this was I the reason that the boogie acquisition in my eyes was a good one for them in a no-brainer Was it removed the injury component to a degree last year when they went through this late season swoon It was because steff was out. There was time when katie katie missed a little bit of time clay missed him And if you if during a playoff series, you're missing one of those guys Well now then all of a sudden feet right last year we sat down and talked and we said, okay How are they going to not three p? Right? Like what would have to happen in the mba? And nick said man, that's like an insurance policy. It's an in and as an insurance policy It might be a good one But as an insurance policy that you're having to actively use when you don't actually need it yet You're seeing the negative aspects of it And so like that is because the point that was made to me that we talked about was if the offense can't get better And he's not going to help your defense then how does he make you better? It's not like he has some calming locker room force But this isn't I think your point on steff is a very important one because we didn't play it But katie's post game interview couldn't have been more different katie the media asked him about Steve kerr said we got to play with more anger right and katie's like I thought we were based on joy because kerr's been singing that all right And so and katie is irritable You know what? I mean a katie didn't play well. They were without clay katie didn't have a good game And and but the other concern for me is boogie notwithstanding Last year people are going to say okay last year they ripped off 10 of 11 And then they went on a three and seven stretch But steff wasn't there we haven't seen this team not play well with steff on the court They won 16 of 17 since then they're three and five and steff's been playing Like the the invincible part of this team for four plus years has been do we have steff? Do we not have steff they won games without durant? I understand clay wasn't out there last night and hurt their shooting and it really hurt their defense But it's odd to see them struggle when steff's been healthy if there's one thing that if I was to say I would be concerned about That's their home record I mean their home record is not like any other team that we've seen right now I think there's nine other teams in the league that have at least the same home record as them are a better home record than them And they have been dominant oracle has been a special place And this being the last year that they're going to play there That would be something that I would be more concerned about the number of losses they have at home the other thing with uh With you mentioned steff steff is like they're tim duncan. I've been saying this for years Okay, since this this run began with them different personalities But duncan set the tone in the whole organization So when you came into the spurs everybody bought in because duncan set that tone It's the same thing with steff. He brings that like kerr talks about that joy steff Even though drae mine's been the inspirational leader, I guess and all that Steff has set the tone for that whole franchise and drae mine is interesting too Because we know he's always been one of the best defenders since this run began His defense has steadily declined Since 2015 and now it's at an all-time low for him. He's still a good defender, but he's not His body is starting to break down a little bit on it a big concern for them when it comes to contract stuff He just signed with clutch and I'm not saying because he wants to go play with lebron because I don't think that's why I think it's because they will hold you to the fire And if he was in my mind, I know koai won a couple of the defensive player of the year awards I think drae mine had a three-year stretch where he should have won all three I thought drae mine was the best defender in the league bar none When he is just a very good defender Then his value proposition changes enormously because his shootings at an all-time low because of these other these other potential issues Thank you for listening to the hoops on fox podcast Don't forget to subscribe and leave a five star review letting us know what you think of the show