In case you hadn't heard, we have a bit of an issue with inflation right now. Recent polls suggest that it's the biggest economic concern for voters across all parties, and it's not even close. As of the end of January, the U.S. inflation rate hit 7.5%, the highest it's been in 40 years. People are seeing prices go up for pretty much everything. Food, energy, cars, housing. And while wages have also gone up, they're not increasing fast enough to keep up with rising prices. That's often the case with inflation, and it's why poor people who generally don't own stocks or other kinds of interest-bearing assets and who live paycheck to paycheck tend to be hurt the most. So yeah, this is a big problem, especially for people in the working and middle classes. Of course, the U.S. has been dealing with inflation forever, but it's usually been held to a fairly low rate. It's still bad, but at least it was bad in a mostly predictable way. Not so much anymore. And even though the process effects and causes of inflation are knowable enough that there's a children's book about them, experts are still claiming to be baffled by the whole thing, saying that no one could have seen it coming. Really? No one? Now, you might be wondering what any of this has to do with the movies and TV shows I normally talk about on this series. But as it happens, the main plot of Amazon's new adaptation of Reacher centers around a counterfeiting operation. In other words, the show's villains figure out how to make the money printer go… This is highly illegal because, as everyone knows, only the Federal Reserve and the United States Treasury are allowed to do that. So hit the subscribe button, ring that bell icon, and strap in because we're diving into the connection between Reacher and U.S. monetary policy on this episode of Out of Frame. Before we get any farther, there will be some spoilers for this season of Reacher. As I mentioned, it's available to watch on Amazon Prime, so if you haven't seen it yet, go check it out. Done? Cool. Reacher is a fairly straightforward mystery series. Our title character, Jack Reacher, is just Reacher, wanders into the fictional town of Margrave, Georgia, and is promptly arrested for a murder that occurred the night before. At the police station, he's questioned by Detective Finley while being frustratingly chill about the whole situation. It turns out that Reacher is a former military police officer, but has recently retired from the Army. The one actual clue the police have regarding the murder is a phone number hidden in the victim's shoe. It belongs to a local finance guy named Hubble, who, upon learning why the police have come to his door, falsely confesses to the crime. Reacher and Hubble end up spending a couple of days in the local prison together, and in between warding off attempts on their lives, Hubble gives Reacher some details. It turns out Hubble is a currency manager, who got caught up in a shady scheme he didn't really want anything to do with. He'd been warned that if he caused any trouble or talked to the police, his bosses would torture and kill him and his family. Eventually, Reacher's alibi is confirmed, but when he gets out of jail, he discovers that the murder victim is actually his own estranged older brother, Joe, a secret service agent who was in Margrave investigating a major counterfeiting operation. What a twist. I'm sure most of you know what counterfeiting currency is, but in essence, it's a type of fraud where the criminal finds a way to reproduce fake money that can pass for officially minted cash. It's a crime that's just about as old as money itself, and it used to be a lot easier to accomplish. A few thousand years ago, all one would have to do is cut, shave off, or melt down some bronze, gold, or silver and replace it with a passable alloy using less of the metal. Then you'd just reform it into the kinds of objects or coins being used as money by the local culture. As long as your coins look right, nobody but a metallurgist would know that they're all 50% bronze instead of 100% and you get to double your money. But of course, there's a good reason we've always recognized counterfeiting as fraud. One of the longest-standing and most universal concepts in economics is the connection between prices and the ratio of supply and demand. When there's greater demand for the same amount of stuff, prices go up. The other way around, prices go down. Thing is, one way that demand can increase is if the supply of money increases. If you walk into a town with a stack of counterfeit coins, you have a lot of unearned power to pay for goods and services other people want. This introduces more money into a system without changing the supply of goods and services, and the result is that those goods and services are going to cost more. Counterfeiters make it so that everyone's money has less value. And I mean, unless you're the one committing the fraud, you won't have any more coins to spend. This is the crime at the heart of Reacher. The largest employer and primary benefactor of Margrave is Kleiner Industries. The influx of jobs and money from Kleiner has basically resurrected the dying town, and so the business and its owners enjoy a lot of goodwill and protection from the local government. But a lot of their cash is actually counterfeit. Honestly, what would an Amazon Prime series even be without a rich guy as the main villain? We'll probably never know. Anyway, as I said earlier, governments really don't like it when anyone counterfeits their currency, and we've come a long way from the days of easily debasing metal coins. So there are a lot of safeguards built into the printing process. Special ink, special paper, magnetic strips, complicated designs and textures, heavily protected printing plates. It's all designed to make our money more difficult for criminals to replicate. But the Kleiners have discovered a way to wash the ink off of small bills so they can be reprinted as $100 bills. Kleiner's biggest client for these fake hundreds is, interestingly, Venezuela, which makes a lot of sense given what that government did to their own currency.  What I find interesting about it are the detailed discussions about how difficult it is to counterfeit U.S. currency and the amount of study that's been done on the effects of efficient and extremely accurate counterfeiting. The sheer amount of effort that the government goes to in order to prevent rogue actors from printing money is extraordinary. But historically, the biggest counterfeiters of all have always been governments themselves. Even while it imposes harsh penalties on counterfeiters, the United States government is awfully cavalier about printing money whenever it gets to be the one doing it. And although you'll hear all sorts of excuses for why prices are going up right now, in the words of the great Chicago school economist Milton Friedman, inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. In other words, money printer go but let's back up a little bit here. Technically, the term inflation refers to the decline of purchasing power of a given currency over time. This is generally reflected by rising prices and in fairness, prices can go up for a number of different reasons. Maybe there's a natural disaster and replacement goods can't be delivered effectively.  Maybe there's a global pandemic and governments shut down entire industries without any thought to the consequences causing massive supply chain breakdowns that last for years. Who can say? One way or another, the gap between the demand for and the supply of a scarce good increases. And so too does the price. But just like I explained with respect to counterfitting a bit earlier, sometimes prices rise in response to an increase in the amount of currency available to spend. The value of money is just as connected to supply and demand as the value of anything else. If the government creates trillions of dollars worth of new money, a lot of people suddenly have more currency than they did before and the law of diminishing marginal utility which basically means that the more you have of something, the less you value it comes into play. Each unit of currency becomes a lot less precious and people become a lot more willing to spend what they have. You might think that more people having more money would be a good thing and sometimes you'd be right. But increases in the money supply don't hit the entire population at the same time or in the same amounts. Think of inflation like squeezing honey from a bottle onto a flat plate. At first, it's just a big glob of honey in the middle, slowly spreading out, getting wider and flatter. Eventually, honey covers the entire plate, but it takes a while. This is similar to what happens when the government expands the supply of money. The individuals and institutions that get the money first get the greatest benefit. At that point, they have a greater number of dollars, but nobody else does, so general prices are still relatively low. As those people use the money, typically by lending it to other people in exchange for earning interest on it in the future, the money begins to spread out into the rest of the economy. The borrowers and merchants that got the money from the first recipients spend what they're lent or paid, then the next teardown does the same thing and so on and so forth until the new money is filtered through to the rest of the economy. The people who got the money first benefit way more than the people who got it last, both because they got a lot more of it and because they got it when it was more valuable. But I can already hear some of you complaining. Certain politicians claim that all the price increases we've seen lately are the result of corporate greed. Are they right? Uh, no. First of all, it's a weird claim, suggesting that business owners spontaneously become more or less greedy at different times. Business people are no more greedy today than they were last year, and if you believe that greed is the cause of price increases, you'd also have to believe that some kind of decline in greed is behind price reductions. That's pretty silly. But there's another problem with the claim we need to address. Even though current inflation, as measured by the consumer price index, is indicating a 7.5% increase from last year, the producer price index, which basically measures input cost for producers, has increased by 9.7% in the same time frame. This means that the costs businesses have to pay for supplies are going up faster than the prices they're charging consumers. Our problems are not caused by greed. They're caused by policy choices made by the very politicians trying to deflect blame. But that doesn't mean the situation we're facing right now in the US is simple. Yes, there has been a dramatic increase in the money supply. About 80% of all the dollars that have ever existed have been printed in the last two years. That's always going to have an inflationary effect. Stimulus payments from the government, paid for with newly printed money, have artificially spurred demand by consumers. And we have supply shortages due to a global economy that still hasn't recovered from government shutdowns. Which, for the record, I told you would happen way back in May of 2020. When you add all of those things together, I'm not sure how anyone could have reasonably expected anything other than a serious increase in inflation. Clearly, the United States government has no problem with just poofing money into existence. In fact, that's exactly what fiat money is. The word fiat itself is the Latin for let there be after all. Although printing a tremendous amount of money is something governments are legally allowed to do, it's fundamentally no different from counterfeiting. The effect is the same in either case. What the government actually objects to is losing its monopoly over the creation and distribution of money. You see, the US dollar is what's called the global reserve currency. It's the benchmark against which all other currencies are measured. So it's pretty understandable that the US would want to be the sole controller of how much of it exists in the world. But over the last several decades, the federal government and the Federal Reserve have been trading long-term financial stability for short-term political expediency. The government has been printing money at a massive scale in order to partially finance all sorts of projects, programs, and acts of aggression it can't afford through taxation alone. And now inflation has finally gotten to the point that the Fed can no longer ignore it. Since the Fed controls interest rates, which is a power it really shouldn't have, by the way, raising rates is a good and probably necessary way to slow down price increases. Unfortunately, it's also going to slow down spending and could contribute to an economic recession. The government and its central bank has managed to put itself between a rock and a hard place with its reckless monetary and fiscal policies. Voters are unhappy with inflation, and rightly so. And they're also going to be unhappy with a probable economic downturn, especially now that people are just starting to get back on their feet from the last couple years. People with political power have been making poor decisions regarding our currency for a very long time, and everyday individuals are always the ones to pay for it. I wish I had better news for you. It's probably going to get worse before it gets better. The best we can do is actually learn from these mistakes. The consequences of demanding the short-term satisfaction of ever-increasing government spending cannot be avoided forever. There will always be a reckoning. Granted, it's not going to be a gang of murderous Venezuelans demanding the discounted C-notes you promised them like in Reacher, but it will still hurt. The people of Margrave should have considered whether the largesse of Kleiner Industries was too good to be true before they started relying on it. So too should more people in the United States have considered whether helicopter payments during the pandemic, or year after year after year of deficit spending, was also too good to be true, or at least too good to be sustainable. Both the fake city of Margrave and the very real United States made their beds. And unfortunately, it's all of us who have to lie in it. Hey everybody, thanks for watching this episode of Out of Frame. How's inflation affecting your life? Are you worried about it? Leave a comment and let's talk about it. If you like this video, be sure to let YouTube know and subscribe to the channel. If you love the whole series, please consider a monthly contribution on Patreon or subscribe star. Supporters get a private channel on Discord, free swag, access to bonus episodes for our weekly behind the scenes podcast, and other cool stuff. This episode was made possible in part thanks to our supporters, especially our associate producers. So to Connor McGowan, Dan Rich, Richard Lawrence, and Matt Tabor, thank you. As always, don't forget to find us on Twitter, Facebook, TikTok, and Instagram. Find all the links for everything in the description. I'll see you next time.


And we're back with the breakfast time for us to go through the papers this morning. We have to make wallah. Well, it was a legal practitioner He joins us this morning by phone In Lagos, two days. Good to have you join us. Good morning All right, then let's take a look at the punch Naira crisis wassons confusion over CBN silence on old notes and legal tender stardusts pure as agents customers fumes protesters barricade road and Matthew Lee justifies Naira redesign Accuses political party of mop-up. These are riders you find underneath resist in tarium government Temptation of any fairy tales barry, but you know, I remember when the fanny fairy We're on the path of saying We shouldn't have an election if we don't have like a constitutional Accurate review and one would say don't we have a time to encourage that? So we shouldn't have elections, but it's it's it's very interesting to note that this is the position of the fanny fairy Revenue Commission to review politician salary. I need to keep sensitive election materials with the central bank of Nigeria That's a U-turn Namanis use PDP IU and restates backing to new boo. Okay NYSE Warns call members against crime as orientation ends and just before move away from that trapped at quick victims cry for help that's told on for two one thousand two hundred and Contempt to FCC kicks a CSO demand bowels removal they goes past the begs wife Jail for impregnating two sisters quite unfortunate All right, let's move straight to the next paper Some similar headlines to what you have in the punch this day on Wednesday with the following headlines a big one there Presidency FG CBN to take position on currency swap after Supreme Court's determination today 15th February I think today we can say is d-day as far as that is concerned 2023 election this day to report intervention. Okay, something you may want to read there fish Now due to face post-election economic policy challenges, and of course, I think that may be the ratings the economic ratings body fish Taj Banks becomes first corporate to list super-bond on NGX Buhari Hills party on appointment as Gavi CEO and So the headlines on the front page of this day Well move away from the d-stay newspaper and we take a look at the daily independent That's what we have here confusion anger-possessed as Naira nodes exchange crisis worsens February 10 deadline on all Naira node stands and Matthew Lee saying and I know there's a lot of people are still using the old note some persons actually in the cost of your transaction Protesters stomp CBN in on door and demand banks to collect old notes Well, I don't think that the CBN saying they won't get the old note, but I think it's no longer A means of transaction so long a valid means of transaction where you can still remit that there's a procedure To all of that down to due to sanctioned banks businesses that reject ordinary nodes. Oh, that's quite interesting new narrow notes of the CBN Facing sabotage from 10 governors CSO's quota to say 120 CSO's petition now since this EFCC boss must go and serve prison 10 48683 luggage missing delayed in Nigeria in 12 months and I just take this one before move away for the want of time implementation of the Naira Swap politically motivated. That's what we case saying Espresses joy over independence man of the Year Ward. That's it on the daily independent All right, we take just a few stories from the other nation the big one there legal giants knock it may feel a for disrespecting Supreme Court Timber will deliver as president will hurry tell supporters as at emo rally and I will bring in our guest this morning to Nicole Ola and incidentally he is a Legal practitioner of no mean repute. I think Tender call over your best place to answer or to give your thoughts on to give thoughts rather on this One the other papers have talked about the Naira Swap policy. We have something in that on the daily independent We have something on that in front of the this day new super today and indeed the big story on the punch newspaper, but let's take The headline of the nation because it's bringing in the legal anger. What is your opinion? Are you going to join the legal giants? The nation is by citing to knock Emilia for disrespecting in their words disrespecting the Supreme Court with Saying no extension of deadline despite this injunction that has been on for some time now First and foremost I like to Impassives with all Nigerians Who have been in Vietnam? This has implicated in Julie that we have in our hand with regards to the legal Issues that are involved these are these The entire immortal of the Supreme Court of Nigeria my take is that No matter how uncomfortable The decision of a court may be whether it's the customary court Magistrate court I court court of appeal or the Supreme Court That decision should be obeyed and respected Any alternative to death is killed and anarchy. It will lead to instability so The Fibian governor is not bigger than the Supreme Court and The Fibian governor in the first instant Can be set to have created The problem that we have in our hands Now that the Supreme Court has given me kind of live line With regards to the environment here as bongos. I should think that It should assist the opportunity and use that window of extension That the Supreme Court has given him to do the needful so insist That the deadline will remain as it were while it was a pronoun by the central bank of Nigeria will be a willful disregard or it will be contemptors of the decision of the Supreme Court anybody Who is seen to be contemptors of the court or competence judicial Can be punished or sanctioned by that court More especially when it is the highest court in the land Okay, so they call a wallet. Let's move to the daily independent newspaper now They are consents and of course you have civil society Organization and other Nigerians who are protesting and asking for the removal of Bauer Abdul Rashid Bauer Who is the EFCC boss saying that? His consistency in disobedience of court orders infringement on human rights is one. He has to serve a prison term What are your thoughts really? Well, it's not too different from What I've just said now that no matter how much of the court may be That's the decision now to be respected that the chairman of EFCC has been consistently disobeying court orders Without any justifiable reason. I want to align myself or talk the decision of the civil society groups That have said that the man should be removed For not having respect for the court and for not obeying court orders Because like I said If you disobey court orders, it is an invitation to an appeal but the issue now is Who is going to enforce a court order? That is made again The chairman of EFCC That is made against the secretary general of police Or the director of GSS, the director of GSS or the chief of army staff We don't have the mechanism in this part of the world to really enforce Whatever decisions are made against those persons And you and I do know it is exactly the arm of government It is Mr. President That this people report to And the attorney general of the federation That should really insist or enforce Or make sure that some of these people In the executive arm of government Who are disobeying court orders Are made to obey those court orders But If they are principled, that is Mr. President And the attorney general Is also not keen on not giving the presidency the right advice On the need to always obey court orders Then we have the effect of accomplishing In our hands But the dangers are too many But truth of the matter is We don't have the mechanism To enforce the general of the court Against these persons And these persons also Have not contributed What happens is a moderate jurisdiction And which ones are invited by the court Most times What people do Is to resign their appointment From those places But here It is always business as usual And nobody Will likely sanction them For calling on business as usual Interesting Tunde Kolo, let's Go over to the Daily independent The paper is still keeping us informed Of what's been going on With the co-allegation Situation and Femi, Fani, Kaede Whom you're quite familiar with The paper says The DSS has grilled him And has advised The spokespersons of political parties And candidates to You know, to have A caution, excise caution As regards the utterances We here in Atticus 8 Is saying that he should apologize to Atticus Abu Bakar and the Nigerian military What are your thoughts on this piece? I agree with the DSS that What Chief Fani, Kaede Said Is totally Absurd And has the capacity To really delay The transition Of the election that we do have in our hands It's also a very, very serious implication For the military chiefs To go out, Fani, Kaede Is saying That the military chiefs In Convance Or conspiracy With a large Atticus Abu Bakar Are out to Carry out a coup And forfeit The next coming election And probably Put this Democracy And republic Into geopolitics Anybody who has been following The antecedents Of Fani, Kaede Already know That the man is consistently Inconsistent It is What should say Or whatever he thinks Who has this principle At any particular point in time That he goes out to say And he goes out to pursue The One that I have is that Why the Nigerian media Will continue to give prominence To whatever that kind of an inconsistent Opposition says In front of eating of the polity In front of saying I mean anything again People is over my principle Once You are no longer in the position To butter his bread Then you should be ready To be at the receiving end Of his atonement And I think at his age He also has The packet From this kind of a horrible And inconsistent And you and I do know too That he's not just in the area of politics That he's been Making all these gaps Even at the domestic level At the outside level He has been consistently inconsistent My advice would be That the Nigerian media Should As much as possible Be very careful With whatever they pick up from I mean from family coyote When they want to report it I also think That a larger group of workers Can go to courts To seek damages For the other thing that Family coyote has made Because it's a damage To a larger group of workers' reputation It is also damaged To demand chances At the forthcoming Presidential election Because ultimately This kind of voter Will not want to vote for a coupist And demand a fuse Of planning a coup I think the Yamichis Can also go to court to seek A redress And of course The DSS can also prosecute Family coyote For the false alarm Because When you raise a false alarm Or you make a chance To gather the capacity To kind of undermine Public peace Then you might have a case to answer In the court of competent jurisdiction Okay Let's move away to Other issues still on the Daily independent newspaper What we're looking at is the concerns By the NUC To seed 70% Of its regulatory powers to the Senate To determine the curriculum And content of universities In Nigeria. In other words This means that each university Management will be able to establish The accursed content Or curriculum exclusively Do you think that this solved The problem of our curriculum Over time that's been criticized Does that solve a curriculum Issue seeding powers to the Senate? 70% of that Ordinarily In most of the developed countries Of the world The universities or the institutions Have the powers and the latitudes To determine The cost content Of whatever Disciplines or courses Or subjects Are decreasing the institutions Or in their universities Or whatsoever But Here In Nigeria The situation is slightly different In the sense that Most of the public universities Are financed By the federal government The state universities are financed By the state government And if it is the federal government And the state government That are financing most of these universities That see who pays the paper Ordinarily may call the team And why will the paper call the team? It's because Every government Especially the developing environment Like our own Who want to see the university curriculum Align With the developmental aspirations With the planning Of the country at the old Not that the university Protects all the institutions Who will be teaching the different subjects In an Passage manner Without aligning those things With the aspirations of the development plan Of the country at the old The reason Why the NUC for example National University Commission Was established Was to be able to streamline Was to be able to coordinate The activities that take place On the different university campuses And some of these higher institutions If that is the case Then You will have to amend The NUC Act And also maybe Public give the university The autonomy That they have been yearning for All this for a while I think Given our level of development I will not support A situation With solely becoming Their own curriculum I'll give you an example In a place like The University of Ibada for example A subject like classic Is feeding thoughts And only a few students Apply for those courses On a yearly basis I should thank If We were looking at a resource That has been dissipated Looking at course To a number of students We should have told something about it Maybe make classics Part of a large degree program Maybe we could make classics Part of those who study the languages Maybe we could Make classics Put it in the general studies department In which at least All students who study the universities Will have opportunity To study Latin And classics Because one way or another You'll find out that in working life In real life You will at one time Have something to do with Latin Have something to do with classics Just as it affects Those who study or those who practice Law Furthermore I have seen a situation in which We need to balance the ratio Of the number of students Who are going for the science courses These are these the art courses Too many students Are looking for The simplest The easiest way out They apply more for the art subjects While the sciences are suffering And you know The discipline of the subject Of his country requires him to develop And the sciences You need to study mathematics You need to study additional math You need to study engineering You need to study chemistry You need to study physics If you want to catch up With the rest of the world In the area of Science In the area of artificial intelligence In IT, in computer And water The situation in which about 70 to 80% of our students Going for the art subjects Does not all go well For the scientific development Of the country What are the possibilities That's something that we should even be Having a sleepless night over As far as the forthcoming elections Are concerned To the best of my knowledge I think there are 20 to 30 people That have been on share With the president Thanks to that number Because the world has not Means wealth That he deserves To hand over power To the politically elected president Governors And that he will require A very very credit And that he will not waver In ensuring That we have a very critical election A few days ago You went to commission Some of the equipment That were bought for the Nigerian police And while he was addressing The police chiefs He admonished them And not at them Not to compromise The integrity of the forthcoming elections So if a man has been at the forthcoming If a man has been saying that And not to show That kind of a person Will again be abhorning The hidden agenda of having an Italian government You and I will remember That it is the aspect of the people That have been insisting On an Italian government That will support a Australian government And then review the constitution And after we have reviewed the constitution We have now gotten The constitution that is suitable That we do now And the different regions of the country want Now we can now Go And then Organize elections And get people back Into the democracy track Democracy is not A day affair A very weak affair America has been thinking Has been developing democracy For 400 years Some countries have also been on it For more than 200 years It is not a thing that happens overnight So I would rather insist And admonish That we should allow The people in the national assembly The people In the discipline of government The people at the local government And other To begin to think up And grow this democracy Learn to do the way it should be done Until we nearly reach a state of perfection Such as they have In the U.S. In Brazil Even with those developing advanced democracy Look at what happened in America Not in the last election In which a donor thought Was sent To have nearly two pools For 400 years Also not too long ago In Brazil In Buenos Aires or whatever they call it Hasn't been defeated in the presidential election Also organized an Interaction In which people Those who have been elected Into some Of these offices by the people So when it lies With the people of Nigeria Not with the government More with the national assembly And the state assembly Let us learn to cross Before we begin to work Alright, Tunde Kola Wali I mean it's very apt that you have raised Some of this consent One would begin to say that the group The affinity for probably might be double speaking Because when you say You need the constitution to be reviewed To the latter before we can have An election and here you're saying The president should not consider The country should not consider An entire government We begin to wonder what that means Well, quickly In less than a minute because we have to Course this conversation down And it's about the Empire that saddled with the responsibility Of conducting elections Credible elections in Nigeria They have made a U-turn That's how the punch describes it As to where sensitive election Materials will be kept Remember that at some point Nigerians' race consents As to the sanctity of Materials being kept With the CBN When the CBN governor had indicated Interest of vying for political office In the party and so Then it was suspended The empire immediately stated That there will no longer keep Sensitive materials with the CBN Now there's a change of mind What do you think could be responsible Decision by INEC I think INEC doesn't want His work to be tainted Because If you have the edge of the CBN That It's time to be Obnobbing with politicians And who are showing Interest all have been alleged To have shown interest Inviting for context The presidency of the country Then if you are INEC You will be careful With that kind of a person Because if anything goes wrong You are going to be blamed For Taking some of those sensitive materials To CBN When you do know That the head of the CBN Is a partisan person And the problem becomes A little more dangerous But it's not that the man is Interested in politics He is said to be a Karkari member Of a party that is in power To take If a chance you keep the material With the CBN And you do the election And the party in power now wins The election We will not decide That the CBN has used the material In accepting this custody To inflame the outcome I think this is the danger That I make my decision If they insist On keeping the material With the CBN But we must be very careful The CBN governor is also passing There are thousands of people working in the CBN I mean There are several directors I'm not too sure That the CBN governor alone Can unilaterally release those Hatilias Without the other governors Without the other governors Without the directors Without the members of the board And other people working in the CBN Colluding Conspiring and connecting With them And it's not that the CBN In the past There are in the course of years to use Some of these Banks To keep some of their materials Which the country that is going on In the banks today Could even out this I mean that Those materials It happens from time to time I mean No cause for alarm right there But today Kola we apologize For the interruption We have to go But we are grateful for your time Thank you very much I expected it happens I think this is one of those TV moments But we have more discussions ahead We'll be looking at the Naira And of course Nigerian economy We expect it to go cashless To a large extent And have been obtaining previously What does this mean As we approach The years ahead We're talking about the future Of Nigeria's cashless policy Stay with us


of the host of Think Tech Hawaii's Law Across the Sea program. Today we're going to meet with Hawaii lawyers who go across the seas and international borders as part of their professional activities. My guests are leaders within the Hawaii State Bar Association's International Law Section. I'll introduce each of them one at a time. They are Na Lan. Na is the chair of the International Law Section and is a director at Damon Key-Leong Kupchak Astrid. Rex Fujichaku. Rex is the vice chair of the International Law Section and is a partner at Bronster Fujichaku Robins. Steven Dyer. Steve is the treasurer of the International Law Section and is a partner at Chong, Nishimoto, Sia, Nakamura, and Goya, LLLP. Mark Levin. Mark is the director of the Pacific Asian Legal Studies program, the PALS program, as we call it, and a professor of law at the William S. Richardson School of Law. Mark serves as a liaison or bridge between law school students and the International Law Section. I'd like to welcome all of you. Thank you all for being here. I've asked you to share your insights on International Law and the Hawaii State Bar International Law Section. I'm gonna start with Na. You're the chair, so you get the honor of going first. Tell us, what is the Hawaii State Bar Association's International Law Section and what are its themes and goals? Thank you, Mark. As we all know, HSBA is the professional trade or association for all attorneys licensed to practice law in Hawaii. It offers, in total, I think there are 21 sections where active HSBA members you can choose to voluntarily join a section, and where one of them is called the International Law Section. Our section focuses on promoting collaboration, exchange events among legal professionals between Hawaii and other jurisdictions. We sort of function as the gateway. We hope to develop a maintain friendship network among our members and with other attorneys whose law practice involves cross-border transactions or disputes at international clients. We offer a platform for our members to share access connection and resources within our section. And also we would sponsor events from other sister organizations who share the similar goals and mission as our section. We also support communication between HSBA members and the University of Hawaii Law School faculty and students with international interests. Okay, wow, that is a lot. And my next question, we'll go to Rex and that's a difficult question. What is international law in the context of the cross-border law practice that Hawaii lawyers are involved in? Well, thanks, Mark. Traditionally, there are two types of international law that you would learn in law school. First of all is the public international law, which is the law or the legal relations between nation-state. And frankly, not a lot of lawyers practice public international law, especially here in Hawaii. I mean, there are a few people who may, there are some lawyers with the JAG at the Indo-Pacific Command here in Hawaii that may have to contend with international treaties with some of our allies. And that pertains to some of the public international law regimes that are applicable. For a lot of Hawaii lawyers, though, it comes down to what's called private international law, which is about treaty and some custom, generally, that may affect the citizen of country. And so these are international treaties, for the most part, that give duties and obligations and some rights for the citizen of these countries when they are caught in an international situation. So for example, a lot of litigators here in Hawaii may have discovery that they want to serve on people who are in other countries. And so there's a hate convention that pertains to taking deposition or serving subpoenas on people in other countries. And that lays out what needs to be done in order for valid service to occur. I was just talking to an attorney who handles immigration issues and there's a hate convention on child abduction. And that is really critical to sorting out the issues when you have kidnapping and other custody disputes amongst couples who are in different countries. And so that is the type of private international law that is more prevalent to legal practice here in Hawaii that a lot of legal professionals have to contend. Okay, all right. And so more of a private aspect. Now I'd like to ask Mark and Steve, any comments on that? Do you have anything to add to Rex's description of international comparative law studies? Practice. Go ahead Mark. Mark, I'll let you go first, Professor. Well, I think, thanks Mark for putting this together and I'm appreciating everything that's been said. One of the things that comes out of studying particularly comparative law, comparative law means sort of looking someplace else and seeing what their legal system is, is a better understanding of one's own system. Many places in the world don't have legal systems that look like ours. It's based in the Anglo-American legal system and most of the world uses a system based out of continental European law. It's kind of like the metric system is pretty standard around the world but we don't use it so much here. So it's really fantastic if our students are gaining an understanding not only of what they're doing here but what happens elsewhere. And then from that, they take it back and they understand what's happening here better. Okay, so that's the professorial viewpoint, Steve. Yeah, I echo. First of all, Mark, thanks for putting this together and having us on. I echo everything that's been said but especially following up on what Rex said about private and public international law, you won't find a lot of that here and even in the JAG offices, you won't find that much here. I was in the PECOM JAGO office for 17 years as a reservist. And anytime we had a private or public international law issue come up, it was usually handled by somebody up above our pay grade in the Pentagon. We're just out here in Hawaii but I think it comes up more here in Hawaii with cases involving different countries, foreign nationals who come here on vacation or are here for business and understanding that they're from a different system and from a different culture and they might not know, as Mark said, our Anglo-American system or be used to it and helping them along and understanding their perspective and helping to resolve whatever issues they have. You know, so what I hear from all of you really is a real practical kind of personal down-to-earth practice of international law. And I wanna ask you each, starting with Na, you know, what is your personal background or professional experience that attracted you to working across international borders? And are you presently still involved in that type of cross-border practice or what are you doing now? So how did you get involved and what are you doing now? Na, let's start with you. Yeah, so I was born and raised in China, which is a civil law country. So when I moved to the United States after I graduated from college and then started studying in law school, of course, US is a common law country. Naturally, I'm really curious about how these two social systems work, how people deal with similar problems in different approach. And I was also pursuing the Pacific Asian Legal Studies Focus Certificate when I was in law school, took Professor Wang Dai's international law class, which is fascinating. And after I graduated, I passed the bar starting my practice, I speak Mandarin, so which is also very useful when I'm assisting my clients who speak that language when they have either cross-border related transactional matters or dispute resolution matters, or even sometimes I hope my clients on COVID is planning issues when their assets could be located worldwide, the families are going to different restrictions to tackle issues. And on top of that, I practice immigration law. So this is really an area where I always close to my heart, my passion lies with it. I feel it's really meaningful to utilize my background, my language and to do something useful to my clients, add values to their life. Wow, that's really cool. Rex, what's your background and what are you doing now? Well, I think like a lot of people mark, my interest in international law stems from my level of travel. And my curiosity about other cultures and trying to learn and understand the different ways that we all live and try to get together in understanding what our different cultures and our different legal systems are all about. So I studied French in high school and in college and studied abroad in college. I also did a master's program in international studies and international law in particular. And after I graduated from the William S. Richardson Law School here in Hawaii, I started my career with the antitrust division of the Department of Justice during merger work. And I was on one of the first investigations where the department teamed up with what was then called the European Community in looking at a significant international merger that was happening. And so some of my initial work that I did as a young lawyer involves some international comparative aspects. And my present law practice right now, I do deal with clients who have international operations but mostly helping them out to understand how litigation happens here in Hawaii and help them understand how the US legal system works. Now that's very interesting too. And personal experience, it's kind of interesting that that's what drives you to professional involvement. Steve, I'm gonna ask you the same question. I mean, where are you coming from and what are you doing in the international? Yeah, I grew up in the Chicago area. International law was maybe the last thing on my mind. One thing led to another. I wound up having a double major in economics and Japanese in college. And that led to a year abroad in undergrad and then a two year fellowship at a Japanese law school in Japanese. And so I had to get my Japanese to that level. And then I joined the JAG Corps which is probably the world's largest law firm and the most international of law firms. There's 2,000 Army JAGs worldwide. So there's plenty of international law internationally related issues that come up, cultural differences, et cetera. So that's how I got my start. And then I stayed in the reserves when I went into private practice here and at Paycom and there were plenty of opportunities there to be connected with international issues. And in private practice here, like Rex and now we're saying we're constantly getting clients and dealing with cases with issues that are cross border, cross cultural. And to me, that's part of practicing international law. Yeah, that's very interesting. And again, I mean, just your personal experiences is driving you, Mark, please give us your story. So as I listened to my friends here speaking, what strikes me is their first place to go is to talk about their work. And of course, that makes sense. But I think it is true for all of us that there's a blending that goes on. We like the fact that we have connections across the sea. It just happens to be law that helps us make those connections. And so whether that's our clients, our students or other lawyers elsewhere that we have been fortunate to know, Mark, of course, you were very involved, I think, in helping the state bar association set up an important relationship, for example, with the Tokyo Daiichi Bar Association. And that has led to visits where lawyers from Japan come over here and vice versa, where delegations from here have gone over to Tokyo and really meaningful, important friendships. And so I think I don't wanna downplay the work, but one of the things that I think is a part of why we do this is we like it. It gives us an opportunity to make these connections that have been incredibly valuable for me. And I suspect for everyone else on today's talk. Yeah, and what I hear you also saying is that law facilitates, it's funny, law facilitates the arrangements that we develop personally and we just combine them. I really like that summary. And now you teach at the PALS program or you're in charge of the PALS program. What are your law students? Who are they and what do you teach them? What are they taught? What are the benefits of that education? Well, some of the benefits of that education are on today's talk because we have phenomenal alumni, including Rex and Na. Pacific Asian Legal Studies has been a part of the Richardson Law School pretty much since its foundation and that fits who we are, where we are and why we do what we do. And so we have students who come here because they want a chance to learn about law from elsewhere and international law. We have students who come from elsewhere who want to learn about American law, notably an LLM program, which allows foreign lawyers to come and study with us for just one year. And then I think we have this spinoff, this carryover for many years. I was invited, or several of us were invited to teach some classes in David Callie's real property class. So David would put a couple of weeks in April where he would give up, let go of teaching American property law and had myself, Larry Foster and Taeyong Baek, each teach classes. And so all of our students are then given this chance to learn that American law is likely gonna be their career, certainly gonna be the exam that they take when they graduate to get licensed. But it is both interesting and valuable to have an awareness of law that goes beyond the borders. And let's talk to one of your students, Na. I mean, how has that international and comparative law education helped you? And how does it help American and foreign law students once they start practicing law? I think one of the major benefits of learning comparative law is really, it helps you to recognize problems and find model solutions without having to just relying on your own experience or imagination. You learn how to respect the different perspectives where people live in different parts of the world view a same issue. And sometimes an issue may be like some other areas people are addressing that issue already where in your place, maybe that hasn't really gotten into that stage where you figure this is gonna be a problem that needs a legal solution. I think one of the good experience is when I attended the American Immigration Lawyers Association's conferences, many, many years ago the Europeans, they already come up with this law, GDRP, the General Data Protection Regulations focusing on providing protecting privacy cyber securities. And then the interesting part is just maybe a couple of years later we read all this headline news in US about all this data breach, like privacy's. But of course, our country isn't taking this uniform regulations throughout the federal level. Instead, we give each state this approach to address that issue. I think that's a very good example of how you have that background and then you gotta be better, identify issues for our kinds and also to deliver better solutions. When you can combine those resources you can get through that angle. That really explains the value of the education. Yes, Mark, what were you gonna? I'd love to add one thing, which is all of us today are here on the island of Oahu. But the HSBA International Law Sections membership is worldwide and that includes Richardson graduates who have, so it's not just that we're training lawyers who are going to be in Hawaii, but we have been training lawyers who have gone out and have some of Richardson's graduates have major leadership positions in some of the biggest law firms in the world, particularly with regards to East Asia because of our PALS program, also with regards to international commercial arbitration and other opportunities. So one of the things that I think the PALS program has been able to do is shape lawyers career tracks for those who will be in, remain in the state but also help develop career tracks for people who will go abroad, go elsewhere and then perhaps, and many of them in fact, come back. Okay, yeah, it sounds great. I mean, it's just this valuable law education and experience and connections, networking. Rex, I wanna ask you, I mean, after you've had that education, what advice would you give to young lawyers who are just starting the practice of cross-border law practice transitioning from law school? Well, I would say first of all is try to be the best lawyer that you can be. No US law as best as you can. And then you can apply that in dealing with council from other countries. But to a certain extent, you have to get the fundamentals. And for those who want to do international law as we've been talking about, I think the other important thing is to talk to those who are practicing either comparative international law or any kind of trans-border transactions and network. And I think what's really important for your viewers to know is that your host, Mark Schwab, has been instrumental not only in establishing our international law section with the HSBA, but also as one of the founders of the Inner Pacific Bar Association, which is a premier network of lawyers around the world. And it's an excellent opportunity to meet your peers and potential mentors who are practicing and just getting to know what it means to be an international law. Well, thank you very much for that nice words. I appreciate it. Steve, what practical experience would you suggest that would enhance a law student's education? You mean vis-a-vis international law if you're interested in that yet. Okay. Again, I echo what I heard from Rex and Nala, but speaking of Mark Schwab, Mark also, Mark and I are, he's my senpai. And for those of you who understand Japanese, you know that that means he's my senior and I'm his Kohai, his junior. And the reason we have this relationship is because Mark attended, as an undergrad, Sophia University's Europe Broad Program in Tokyo. I forget what year's Mark, but it was three or four years before I did. Okay, we'll leave it at three or four, yeah. So that's something certainly you can do, do what you're abroad. You'd be amazed how it opens your eyes to so many things, you know, not only language, but how people think differently and act differently and customs. It's really amazing. So that would be one thing. The other thing is go for it. Try something different. I don't mean to do it intentionally, but in my own case, joining the JAG Corps, that's kind of something that a lot of people don't think about is, oh, I don't want to join the military and the army and geez, I could get killed. Well, you could get killed walking across the street. The opportunities for growth and like Rex said, networking, meeting people, you know, encountering issues and cultures that might get you interested and pull you in or lead up to a position or work or a job that you might be really interested in or unlimited really. And like Mark said, whatever you're doing, do it well. And as long as you're honest and hardworking, the world is going to be your oyster. Well, and what common thing I hear from all of you and actually it affects us, all of us right now is networking. We all network with each other over this international law and within the international law section. And that's how we got to know each other, be friends and have a lot of experiences together, including in cross borders. Now, we only have a couple of minutes left. I'd like to ask each of you to briefly, if you can, tell us, you know, what has working across international borders and within the international law section brought to your personal and professional lives, Na? I think the best part is making new friends like, you know, our panel today, you know, I get to know each of them on a deeper level. And also, of course, you know, whenever you come across issues evolving, you can always know you have the support network. Who can share with you their resources as well? So this is fabulous, valuable. That's really cool too, the support network. I like that. I mean, it's not just a network. These are people that care about you and want to help you. You know, Rex, same question. Assured just to quickly give a plug to the section's friendship agreements that we have with the Daiichi Tokyo Bar Association, the Shanghai Bar Association, the Seoul Bar Association, and we also have one with the Sicho Bar Association. These have been just invaluable opportunities to make friends with foreign lawyers and really, really deepen the connection between those countries in Hawaii. And so it's just been a terrific opportunity. You know, that's great. When you talk about these other countries like China, where there may be a lot of political differences, but we know and we have friends in China who are lawyers, who we know personally. That's a great thing. Steve, same question. Yeah. Again, I echo the thoughts, but for example, this past Friday, so the last business day, we had a Paul Hannah here at the firm to welcome a new lawyer. And I walk in and hi, I'm Steve Dyer and she goes, hi, I'll leave the name out. But she goes, I've heard of you because I work with Martha Levin at the law school. So there you go. I saw that coming. Well, we'll let you conclude, Mark. What are your thoughts about what, as working across international borders and with the international law section brought to you? Well, I'm gonna say what it has brought to me, but me and my role as the Pals Director at Richardson Law School. And what it has brought, and I have so much appreciation for the people who are on the screen and for others who have helped make this happen, is not just my networking, but building bridges and connections for my students. For many years, there would be regularly downtown lunch events and the students would hop in a car, share a taxi, find parking. It was all worth a free sandwich, but it was also a chance to meet people in the community who were doing the work that they wanted to be doing. And we know that time moves on. So those students who were hopping in those cars and going downtown, many of them, like one about to go to Steve's office, will soon be working, established, moving their own careers along. And so I think what this section has also done for me in my representative capacity with the law school is benefit just a tremendously valuable, kind and generous group of people to look to Kohai, to look to younger aspiring lawyers and reach a handout to help bring them up. You know, wouldn't it be nice if the world was run like the international law section where we're all friends, we're networking, we help each other out? I mean, we don't always agree, that's fine. But these personal relationships brought about by international law and international law practice and the international law section are really invaluable. So I'd like to thank you all for being guests today. Thank you very much. Enjoyed our talk, it went fast. And aloha to all of you, thank you. Thank you Mark. Thank you Mark. Thank you Mark. Thank you so much for watching Think Tech Hawaii. If you like what we do, please like us and click the subscribe button on YouTube and the follow button on Vimeo. You can also follow us on Facebook, Instagram, Twitter and LinkedIn and donate to us at thinktechhawaii.com. Mahalo.


What's up? Welcome into the fan duel. Hurry up. I'm Maria Marino for fantasy sports network joined by Gabe Marensi as we preview this championship weekend in the NFL. We're going to go over both spreads. Gabe, let's start with the first game on Sunday in the NFC. The Rams visiting the Saints at 305 p.m. Eastern the Saints. The home team are favored by three and a half points. What do you think about this? Is it as cool as it gets? Of course, it's a rematch from earlier this year. The Saints won that football game by 10 points 45 35. The question is, will it be as high scoring this time around? Probably not. But it doesn't mean that we still can't get there as far as the total is concerned. But you want to talk about evenly matched teams. There's been a lot of talk all week guys obviously about this being the first time that the Conference Championship Games have the top four offenses in the national football league and what we all taught as children defense wins championships and I'll tell you what, when we get to the Super Bowl and we break it down, I'm going to remind you that the better defense does usually win the championship. But if you don't have a good offense, you're not getting a chance to use that defense in the championship. But how evenly matched are these teams? Both of them are 14 and 3 on the season. The LA Rams score 32.8 points per game. They give up 23.9 points per game. New Orleans score 28 points per game. They give up 21.6 as evenly matched as they come. We could break down a lot of numbers, trends, stats. One thing that catches my eye is just how good Sean McVay and Jared Goff have been together on the road. Sean McVay is 14 and 3 on the road as head coach of the Los Angeles Rams. Yet the New Orleans Saints have won 7 straight home playoff games. It's a very difficult place to win. Philadelphia had him on a bus last week, unable to deliver the knockout punch. Whatever happens, we're going to have a great Super Bowl matchup. Whether it's Goff and against Mahomes, whether it's Goff versus Brady, whether it's Breeze versus Brady, it seems like it's almost like Drew Breeze is seasoned. You know, you notice he's already in a ton of TV commercials like we're planning that it's you know, it's like Drew Breeze is like swan song on the way out here.  I'm going to take the Los Angeles Rams plus the points, especially we get that hook at three and a half Maria. I really do think this is going to be a closer football game. Could come down whoever has the ball last wins. One thing I'll say, a lot of people are talking about the running backs and how these teams have changed over the last month or so. I'm going to, I expect less running here. I think both these teams are going to attack both these quarterbacks were extremely successful in the first matchup and I think they're going to be able to be successful again, but a big difference maker in this football game. Akeem Talib wasn't there the first time.  You're not going to worry about Kirkwood. Kamara seemingly slowed down over the last couple of weeks as well. If the Saints win, am I shocked? No. But I'm going to take the Rams here. I'm going to be betting on the over as well. And I like the Rams and a seven point teaser. This is amazing Gabe. I did not expect you to go this way mainly because all week long I've just been hearing about home field advantage for the Saints and I get it. I get how good they are at home. They're in the dome where Drew Brees feels comfortable and yeah, Drew Brees does kind of seem like he's everybody's favorite, right? Everyone wants to see Drew Brees win one more Super Bowl. It's almost, you know what it is? It's like watching like Law and Order. And with the Saints, yeah, I'm going somewhere with this. So it's like watching Law and Order and it's around like you're only about 35 minutes in. Like, you know Law and Order, it always starts off like the first obvious choice and it's never them, right?  Oh my God, it was the father, right? You know, this is one of these deals where the script is just too obvious that it's going to be Drew Brees. I just feel like the Rams are going to throw a curveball here and all this hype around Shaw McVeigh comes to fruition and Shaw McVeigh goes to the Super Bowl instead of Sean Payton. For you prop players out there, field goal kickers are going to come into play here. I like the long field goal as well. You've got Zurline and you got Will Lutz two of the better kickers in a national football league. Other props that we're looking at. Everyone's like you said, Maria, I was talking to go into the Saints and Superdome. Everyone's talking about the running backs. I'm going to be betting me over in a quarterback props. I think that Goff's going to go over the 284 and a half or so give or take whatever it ends up being a kickoff and I think that Drew Brees probably goes over his number as well. All right, so Gabe likes the Rams, but whatever happens it should be a really close entertaining game. Just can't wait for this one. All right, let's talk about the AFC championship. Now it all gets underway at 640 p.m. Eastern with the Patriots visiting the Chiefs, the Chiefs favored by just three points. We always hear how hard it is to play at Arrowhead Stadium. The Pats, their history away from home in the playoffs not great. What do you make of this? Well, you know their history isn't great away. You know the last time in New England Patriots won a playoff game on the road January 14th 2007 coming off the 2006 season and I was against the San Diego charges of course the same team that they beat last week. Thanks for nothing last week Los Angeles. You know really you know that that was really really bad but you know the Patriots are low to deal with at home in Foxborough. We talked about it last week on the Patriots what was Brady was like 19 and 3 or something like that at home in the playoffs straight up. We'll make it 20 and 3 right now but history hasn't been kind to Bella Check and Brady on the road in the postseason. We talked about it there one and four in the last five road playoff games 0 and 3 in their last three haven't won a road playoff game going all the way back to 2006 season. Now you know you can be sitting at home and saying I don't care what happened you know 10 years ago and I can totally get that but let's talk about what happened this year let's talk about what happened this year on the road with the New England Patriots 3 and 5 who do they beat? They beat Nate Herman and the Buffalo Bills. They beat the New York Jets in mid-season where the Jets were sort of in one of their funks which was pretty much like all the time when they were in one of their funks but you know what I mean. Oh I do. The best time of the year for the Jets Pats came in there and beat them they beat the Bears earlier in the year on the road we'll give them credit for that but just 3 and 5 on the road so it's not just ooh in the playoffs no no they're not a great road team and there's big differences as far as their offense their defense is scoring numbers Tom Brady's quarterback much lower on the road and I'll tell you what it's one of the toughest places to play in the league right now going into Arrowhead I'm not a chief fan but like honestly like I used to live in Los Angeles I got a soft spot in my heart for the Rams but I'm buying in now on the Chiefs look Shaw McVeigh the guy's 33 years old he's got a hot girlfriend and he makes a ton of money his life is good John Payton's already won a Super Bowl Billichek I'm not sure I would hit the brakes with Billichek as I heard a lie to the Simpsons the other day like who's cheering for Billichek besides like I'm sure there's people in Billichek's family like he's won enough his eagles big enough like who's cheering for him? Nobody unless you're a Patriot fan right Andy Reed the guy's been in the league forever how do you not pull for Uncle Andy Reed and that's what we're doing right here but there's too much talent too much speed and I'm buying in my homes is that good he really is the Steph Curry of the National Football League I'm all in Kansas City Chiefs are going to win this football game and it's not even going to be close they're going to win convincingly they're going to beat the Patriots down they're going to win this game like you know 44-24 or 41-28 or something it's going to be a higher scoring game don't buy into the weather it's already going to be warmer than they predicted or did you guys just oversensationalize it earlier in the week the fields are heated 30 degrees there's heaters under the grass they put a new sod I don't know if people are aware of this but they have these things called heaters they're going to be on the sideline with the players you might be cold in the stands as a fan the players will be just fine Kansas City are going to the Super Bowl for the first time since Lynn Dawson was smoking marbles at the half and drinking Coca-Cola Chiefs win gentlemen hashtag bet against us I'm going to bet against you and I'm going to win money give me the Chiefs give me the over well the Chiefs have had their fair share of playoff or deals Andy Reid included but I think you nailed it the difference here is Patrick Mahomes he seems like just a different breed and somebody who is game ready for the big moment and I have to just bounce off of what you were saying before who wants to see the Patriots make the Super Bowl again I'm sorry nobody does not that that necessarily impacts the game they're going to be good, they're going to put up a fight but I too like the Chiefs to advance to the Super Bowl alright Gabe Morenze thank you so much for joining us that's it for the FanDuel hurry up as we get ready for the championship weekend in the NFL I think we're going to have a pair of classic games looking forward to it on Sunday


What's going on guys?  What's the best bass fishing bait? What would you fish here? What would you do this? And my answer to the best bass fishing bait, what is the best bass fishing bait? I don't think there is one Think about it this way. There's baits. I want you guys to watch this video all the way through because I think it'll Be a really good information about it And please go ahead and give the video a thumbs up if you haven't been enjoying the content Look at a fish like say say I open my fishing box. I have some crankbaits. I have some shaky heads. I have some jerkbaits I have some spoons Look at that Just like when you open a toolbox. You have a flathead.  It's just ain't gonna work So say I take a jerkbait this fish are not aren't active this fish are on the bottom They're not active at all. I should I throw in that thing or see it's top order I'll try throwing top order this fish are on the bottom. They're not active at all They're not getting crap with all that.  What are the fish doing that time of year? I want to go in I know some of you guys are going to correct me on this and you're gonna say, oh, I call top order bass in 20 degree water Say I'm in 20 degree water.  Say there's ice I want to go through a top order over ice like it just won't make sense, you know So you've got to break it down to What they're biting on where the fish are located In the in the range that the water is so say say I look at my graph And the fish are located on the bottom I know that there's a bluebird skies. The fish aren't too active. The pressure is high Those fish are on the bottom. So I know I'm not going to go grab my spook and try to cast it over the top Maybe if the fish were active and I know I could get them to come up to eat that I would throw that but from that point I see those fish on the bottom looking at my graph I know to pick up shaky it Wall would a drop shot and Carolina rig a worm, you know a crawl anything And that needs your heck a crank bait if you can get it down that need depending on my differing tour Fish where the fish are at, you know, don't Then again, if I look at my graph and I see the fish on the top of the water column I seem in the first 10 to 5 samson and 43 water I see him in the range was between 0 to 10 foot They're kind of close to the boat, you know Yeah, I'll pick up a jerk bait. I'll pick up a top water. I'll pick up anything in that sort of nature swing bait Um, try to get this fish to fire off now. Then again I see those fish in 20 foot of water And I'm sitting in 40 foot of water. So they're in the middle, right? They're in that median range I can get a crank bait which most of the time in there in that median range they're they're suspended, you know I'm going to get a crank bait.  I usually work fish on the bottom That's personal personal what I do But I can I can control I can throw it out there and count to 10. Oh, I know this is in 20 foot now Really, you know, I mean It's just fish for the fish are you're not going to throw a top water if they're on the bottom You're not going to throw a shaky head if they're hitting the top water and all makes sense, you know So that's my tips on the best fishing lure. I don't think there is a best fishing lure A lot of you guys ask me that and and there just isn't a best fishing there. There's tools to be done Can I pick three of my favorite fishing boogers? Yes, I can do that. I can pick a lullab Spook a 5xd crank bait There you go. There's three best baits, you know, I mean, but you gotta you gotta have one for everything And so if you're growing out on the lake, you got to be prepared you got to have There's going to be a bottom bait. There's going to be a top bait.  It really supports the channel and I can't thank you guys enough for all the love You guys are giving me Definitely comment below if you enjoyed it if you have any more questions about any baits or any tips on the water Also, comment below if you have any video suggestions that you want me to do I know you guys want me to do like sponsors one and stuff and I can look into that I wish just so much that I have to Combine I want to talk to a few of my sponsors. What are they looking for for you to get sponsored, you know Um Also kicking the rest who rags hats t-shirts Wallet heads shaky heads spoons chatter baits all my baits in a um peril Kicking their best tv.com slash gear. So thank you guys for watching. Like I said, please give the video a thumbs up


Good morning, everyone. If we could get everyone to take your seats, grab your cups of coffee or your breakfast and take a seat and we'll get started in just a minute. So good morning, everyone. My name is Keith Montgomery. I'm the Executive Director of the Center for Tittle Health. Thank you for coming and visiting with us today. This is an important topic, actually a very hot topic here in our space. We get lots of questions about it and we're always looking forward to learning more about the latest and greatest in telehealth. The Center has been open for about six years now. If you haven't been here before, I just want to give you a little background on the Center while you visit. The Center is really Kaiser Permanente's social innovation space. We talk about all different types of topics here in this space. So telehealth today could be preventive health tomorrow. It could be end of life care. We just had a group in here yesterday. It was about highway safety. So lots of different topics all related to health. And this space is available for anyone that's looking for a space to have an innovative environment for your discussions or the topics that you want to talk about.  Please silence your phones, of course. If you do need to get on to the Internet, we do have free Wi-Fi. All you have to do is open up an Internet browser and accept our terms, and you'll be right on and able to check in on emails and such. Restrooms. Restrooms are just around the corner here. Of course, you saw your breakfast in the back. Should we have an emergency? We do have everyone's list of everyone's names, so we can't account for everyone, but just so you know where your exits are, you came in through the front exit down the back hallway and to your right out the door through our garage is another exit. And, of course, behind us is another room that exits out into the garage too. So should we have to exit for any reason? Just so you're aware. Some topics I want you to keep in mind for today. There is a tour at 3 o'clock if you want to learn more about the Center for Total Health. So I'll be conducting that tour, but we have staff throughout the facility that can answer your questions. And we have a number of exhibits on telehealth, telehealth at Kaiser Permanente, as well as what others are doing, because it's very important to us in this space. We want to talk about what is the best and brightest in the industry. So we feature a lot of different representatives, technology and initiatives. A videographer and photographer are on site, so please be aware that there will be photography throughout the day if you do not want to be photographed. Just let the photographers know. And some people have agreed to do some interviews, so that has been set up back by the food in our mission center. Other than that, I think that covers our basic housekeeping, but it's my privilege to have you here today to talk about this important topic. And I'm going to turn it over to Murray Ross. Thank you, Keith, and good morning, everyone. I'm Murray Ross, the Kaiser Permanente Institute for Health Policy. I have no disclosures and no directions to give you, so you've got all you're going to get. But I wanted to welcome everyone to today's forum on leveraging telehealth to expand access to high quality care. For almost 20 years, the Kaiser Permanente Institute for Health Policy has worked to shape policy and practice with the evidence and experience from our innovative finance and delivery system at Kaiser Permanente. In support of that mission, we initiated this 2017 Health Policy Forum series. At these events, we convene experts to share knowledge, spark discourse, advance collective thinking on topics of critical importance.  We have a number of events planned for 2018, and then we're really looking forward to today's event. We're going to spend a lot of time today talking about practicing medicine in the 21st century. We're going to consider the drivers of new models of care, the emerging evidence, and identify where we need more evidence and explore the policy and operational challenges to broad adoption of telehealth. I want to thank all of you for taking the time to spend with us, to contribute to the discussion. There's so much we can talk about, but before we do that, I want to offer one general thought, and that is the questions we ask determine the answers. That's not as profound as that pause for you to believe. The point is far too often, our discussions tend to hone in on pretty narrow details. It's return on investment for telehealth or concerns about increased provider workloads. These are important issues, especially to those who are paying for the investments in infrastructure and to payers and policy makers, but we need to broaden our thinking to address other considerations, such as the impact of telehealth modalities on the populations we serve, and if we think narrowly, our solutions will be narrow. So today I want us to expand our thinking and push ourselves to get interested in some things that maybe we haven't focused on before. Be curious, be inspired, and ask different kinds of questions. Appropriate to these times, John F. Kennedy once said, too often we enjoy the comfort of opinion without the discomfort of thought. And I'm going to challenge us today, not to do that, but to stretch ourselves to think in new and innovative ways. Today's conversation is really about driving innovations that advance care, transform the patient and member experience, and improve quality. So one of the purposes of these forms is to leverage our collective brain trust that helps all of us formulate the right questions. We have an event hashtag, which should be on your tables and is up on the screen and in the agenda. We encourage you to share your thoughts and to make connections with one another on social media and to your social media networks. So with that, I'm going to take a little bit of the moderator's privilege for a moment and talk about some of the things that we at Kaiser Permanente think about often. First, and I think many of you, maybe all of you already know this, with technology moving at a rapid pace, consumers expect convenient ways to access health care as they do with other industries. We're all used to booking flights, travel hospitality, financial. We do our banking on our phones. I think it's safe to say there's a growing recognition and acknowledgement among providers and delivery system leaders and even policy makers that leveraging technology to augment care holds promise and maybe is even essential. Second, we would argue that that promise is best realized when technology-enabled care occurs in a coordinated manner. In our system, telehealth options are simply an extension of our integrated care, not an extra service you have to add on. And as many of you know, Kaiser Permanente has a long history in this space providing secure email and phone visits long before other providers, telehealth portfolio or also things like doctor-to-doctor consults and video visits. So here's some things we've come to know. First, when telehealth is treated as a product or a one-off service, the patient probably won't know much about the physician and the physician won't know much about the patient. They'll only know what's discussed during the consult. In the Kaiser Permanente model, oftentimes issues are resolved during the telehealth visit, whereas with third-party solutions, consumers may be encouraged to follow up with necessary visits. When our telehealth capabilities combine with a connected system, patients may benefit from reduced diagnosis and treatment time. Inside Kaiser Permanente, the technology enabling doctor-to-doctor consults can help save lives and speed up the whole care process. Our Telestroke program is a great example of this. This program, and there's material in your brochures, your packets about this, is available in where we operate California, Oregon, and Washington State, and it's addressing the long-standing challenge of reducing lag time and treating strokes. By employing mobile video technology in emergency rooms, we're enabling stroke patients treatment to start sooner, saving precious minutes in the ER, preserving brain function and saving lives. And again, you can learn more about that in the materials in your folder. Also, demand from our members is growing. They want to interact with us via different modalities such as telephone, video, and secure messaging. The majority of our outpatient interactions are now happening through these modalities. And since 2012, across the entire KP Enterprise, our members have had more telehealth touches than in-person visits. To move the needle forward, we need a collective voice on these and other public policy issues. We need others to speak up about their experiences leveraging technology to advance care. Recognizing that policy will play a critical role in identifying viable solutions. We need all the perspectives represented here today. Federal, state, employer, researchers, providers, advocates, longs, and users to inform and advance the dialogue. So I thank you all for being here, and I look forward to your active participation during the meeting.