Remote sensing has become increasingly important in agriculture, allowing for more efficient and precise management of crops. Satellite imagery can be used to monitor crop health, detect diseases and pests, and measure soil moisture. Additionally, drones equipped with cameras can be used to capture detailed images of fields and provide information about crop growth and development. These advances in remote sensing technology allow for better decision-making in agriculture, leading to improved yields and reduced costs. This article was authored by Regendra P. Sishodia, Ram El-Ray and Sudhir K. Singh.


He hears it back. He hears it back. He hears it back. He hears it back. He hears it back. He will. We're relieved. He said that first he expressed a considerable understanding and appreciation for the unfair pressures on you from many sources in terms of doing things that you felt you were not ready to do. And he said that Kennedy felt this same kind of pressure that only the president could be the judge of when was the best time in his scheme of things to decide. And he said secondly that he had not seen any difficulty in decision making on your part recently that he found you completely receptive to advice that he considered important and not strained in any way. Thirdly he knew that he had I think used the word actually gone against the president's instructions or wishes on these speeches. But he reiterated to me what he said was my honest understanding of the president's desire to state it three or four months ago to make some speeches in the right way. And that he was also felt that it was good to take some of the pressure and some of the criticism from the liberal community, academic community away from the president and attach it to him and Dean Rusk and others. And the only upshot of it was as best I could tell, Bundy was trying to say to me look if the president has any idea that anything's wrong with me. I hope you will not entertain them very long because there's not. He's saying I'm very happy at my job. He did not think the White House and the president were being well served by the department of state. He didn't mention any names but he just said that the system over there is what he has repeated won't you hear anywhere about the state department. It was a very pleasant but candid hour's lunch which I thought he was trying to be open and direct. Well, you see they would naturally talk to Bundy and to Larry and to Dave and to Lee White. That's where they would start. Then they take on the independent fringe people I think they'd consider like Cater, maybe Harry. They're kind of leveling on the fringe and not knowing who's tied too closely. And then move in. I would imagine though that this started with Bundy because he's had to be set out on time or two. I don't know were you in there the other day and I'm sure you weren't. He insisted on bringing up the Javits resolution. Think about that. Well, I said we've got to decide. We just had to finally just do really clear. He said put that aside. I told you two or three times quit that. Let's go on to the agenda. That was not it but it was real. It was rather rough. Well, I've got to go see the key thing. What you've got to do is two things now with your press. Go out there and relieve your tensions after talking to me and let them talk to you some so you can see it. And I think if I were you I would take the line that we have had a good many differences within the administration about back and forth that I have to resolve on everything from the formation of the poverty campaign where to put the responsibility to what we're going to do on the farm bill to what we do on education, to what we do on medical care by taking extra money by going so far as we've gone in education and that those things have been argued out. Sometimes you thought we're going too fast, too far. Sometimes I thought we're not going far enough for the best person and that we have had to debate them and get consensus. And we've done it on our monetary policy and we've done it on all of these things that we get different viewpoints from time to time on Mansfield and Dirksen and Albright all of them on farm policy and we consider everyone conscientiously. And then decided that we haven't gone as far as Jerry Ford didn't think well to the bombing. We've gone farther than Mansfield thinks we're up to. We've tried to honestly do what we think is right. And I think I'd bring Cidey in to see us. He's an awfully strong Kennedy man and he's actuated by Bobby and you can see the crowd that's doing this. Bobby's going to Latin America now. He's got Gil Patrick to work in farm and you saw the Gil Patrick story in time this morning. New York Times, that's not accidental. Well I think this lot can be done with just more candidness. I think that's our basic problem as I mentioned to you before. Our image is to resolve primarily to their interpretation of our being overly secretive. I just think more candid, sincere discussion. And I just think that you ought to say that on Jack's speech that you know that it's amusing to some of them that a man should have this affection for another man but that you believe that if they will look at anyone who has been with me 25 years whether it begins with Juanita or whether it begins with John Conway or whether it begins with Walter Jenkins or whether it begins with Bill White or whether it begins with Gould Lincoln who wrote the first story here about me that you'll find that all of them have this feeling and that you have it and that you, as far as this business of saying somebody's a messenger boy you just never have heard that and that you have always given your honest opinion and that many times you've been vetoed but you expected a careful analysis that at 30 years old you have made more big decisions that have been approved by the president than would have been approved if you'd been working for AT&T and that is true. I don't think it's any question I think that the whole legislative program 95% have made that approved and I would imagine AT&T as president and stockholders would have held you back on a good many things that's suggested and one of them you said, oh yes, and another one said Howard University's speech and a good many things of this type now there's beautification the way we went for it and I think that I would say that Tom, I just say now I know that I'm not supposed to be a sergeant but here's a sergeant, much stronger than Jack did he said that Kennedy was Christ compared to the Christ but the feeling was that they had a better feeling for Kennedy than they've never liked Jack because they feel Jack is a personal servant of mine and he is wonderful for me he is not irritating to me, he's pleasant he's soft I think you're good for me, I think Buzz is good for me I think Harry is awfully good for me I don't have men that clash with me Marvin and Marvin just says every day, Mr President I don't think I'm going to do this every day in a nice kind way very true of Marvin and they don't know that and they've got to see that and I just say the most obstinate man in government is Boris Buzzby you can't move him an inch but he's not a fellow that Shouts gets in a big fight and he writes his memo and the boss calls him up and says you're right I'll do a little of that, I'll see you're following Bill, a point of Bill


on everyone Sam here with late in sports cards ripping 22 tops finest baseball hobby eight box full case break number eight random division style there's a look again at your random results as always you can find these on the website under the results tab as well as the link that's currently in chat so good luck here everybody let's do it it's true Steve you got a good shout to the wit dude that'd be awesome bobby wit action i start opening these from the bottom because in the car it really go upside down and bothers me but i'm not going to change it what i'm not going to flip them all over now for this break i'm not going to change the future breaks i might see how i'm feeling i don't feel very dedicated i don't know depends if i remember or not if it bothers you that i think you do remember true garret coal refractor for the inks or al east i should say there's ropy diverge cornerstone it's a beer uh aura of excellence pete lonto teal shimmer garret coal for the al east 175 decent base fracter chris bryant j rod roken random crofter first auto is going to be alejo lopez going to the nl central congrats kyle t refractor rookie auto battles and and bucks face iron buckson it's up there true green marcus simian to 99 to the uh rangers al west and jaren durand refractor rookie let's let's go it's game time andre dawson uh sky blue to 300 trevor rogers and alist jake the ground refractor shane boz rookie wizard of boz blue auto of austin meadows al east 150 there you go braiding them on the board got the ravens in the second p yt good luck man good luck darryl nice purple erin judge to 250 17 of 250 al east maybe a buyer if you hit a certain card that i end up liking uh yep just saw your order come in darryl thank you buddy p yt's are down under uh almost under one's in single digits one as at 11 we've got uh 20 to go in random teams still as well as the three p yt teams in immaculate the second uh pick your team case basketball and both herds are sold out bobby wit rookie refractor metals and sheets and joe ryan jeremy peña rookie uh jade martinez refractor base and base uh aura of excellence tussle madroya true green paul gulchman to 99 that's what i'm saying man i know i almost freaked i almost had a heart attack when forest sent us the picture of the ray lewis plate he pulled for the one on one plate auto ray lewis oh i heard about it i see it firing buckson refractor base admit there is some significant damage on that buckson we'll send an empty box and wrap before he steve sorry man uh al central al central uh next auto is going to be cal raleigh going to the al west nice one there walt grass buddy take a big dumper for sure nicks are gone thank you jq now they're just two to go now on p yt just the uh pacers and kings pacers and kings that is it chasin torte chasin davion michel as well as all the vets walker bueller blue marcus another marcus simian blue it's a 150 have you seen any mt baseball open this year wahoo's one of his like the notable nick names rpi it has the jersey piece and it says big dumper on it so fantastic dude torkelson there's refractor j rod nice one there walt congrats buddy base and base generally the rookies are due pretty decently the base is usually not super valuable eddie murray no luck with your team on breaks yeah it's always how it goes darryl yeah some of the the rookies generally tend to do fairly well when they're the purples wander franca uh nice purple o'neill cruise to 250 for the anil central grats on that kyle base and base refractor brandon crawford j rod again brandon crawford again we should have our auto in here it's gonna be a joe carter going to the al east not numbered on the finest throwback auto nice vet one of the greatest home runs in mld history right there there's uh teal or aqua i should say to 199 ryan mount castle for the al east yeah that's a pretty like because those aren't numbered so the print runs going to be much higher giant generally same with like the refractor rookies like i pulled a million alejo lopez's out of this it seems like one sec want to check one i would not want to be a giants man at this game that century link field like no at the game no no i don't know i would not i would not recommend you may not come out of life especially the giants somehow win like oh god no matter what if they win you're gonna get killed if they lose you're gonna get killed like it's not killed but you know what i mean you're gonna be harassed yeah really bad oh yeah rice and stock refractor rookie uh torcal center rookie there's a die cut jackie robinson for the nl west martian brujan that was uh my old boss one of his fantasy like bets i like the losers punishment brandon march uh nick ledolo sky blue to 300 for the nl central was uh you had to wear like your favorite teams jersey into an opposing teams bar during like a rivalry man oh that yeah so he had to like wear a like he would have to wear a giant jersey into an eagles bar nolan aronado that's alex thomas refractor i would j rod i would never go to philly and root for anybody outside yeah no shop even if i wasn't eagles fan saying oh hundred percent hundred percent i would just blend in gold's coming up gold auto is connor wong going to the al east 22 out of 50 rats on that breeden i mean my buddy talked about going to uh a philly miss soda game and philly uh because he's a missota fan and like i don't think it'd be bad if you're with an eagles fan it's 250 that might be a little bit different but seal blue vapor carl's correa i honestly think they are so crazy that they might start like fans might starting beating you up because you're with it with a viking span you know that was a surprise because that's like a that's that's a fan base that i think the fans fight each other yeah oh no for sure hundred percent for sure i've heard stories of us no both of you can't be jose maranda for a reason base and base this is tiktok of like it's after actually funny enough it's after an eagles bobby wet rookie eagles vikings game jd cornerstone and uh it's like this probably like 40 year old woman with her husband and this probably like 22 year old kid and the the woman's a uh isn't a vikings jersey adrian belcher teal shimmer jake up the ground to 175 10 out of 10 don't recommend and uh the kid the drunk kids and like uh an eagles jersey and she's like yelling at him and like calling like a jerk and stopping he's just standing there like leaning backwards like face completely like mess up he's just like go bird let's go bird it's so funny dude jeremy paying your rookie miguel cabrera fractured oh it's fantastic one of the funniest videos out there take off erin ashby refractor rookie auto nl central there you go kyle t jash chisum walker bealer uh nick allen teal to 199 days and days all her relatives but like he's been nothing crazy don't try to be a hero no like if you have a lane take off if not get the right open receiver marched on the field like nothing insane here you get eric r taking the bucks and two p yt as well as a mega spot or mega um dual k spot so i believe it's not down to seven and the p yt's are now down to eight and ten and then more random teams another random team spot came in thank you jq that's down to 19 or under 20 to go on that yeah just really the only one we got to fill up that's coming up soon is going to be that uh uh mac a p yt wonder franco it's got two spots left hosay siri rookie refractor j rod crawford bobby wit finest rookies base and base or uh of excellence joe mower blue brice harper to 150 for the uh nl least oh let's go davante hell yeah let's go hosay l2 vay cornerstones i thought i would compare a refractor i thought he was gonna drop it or get it off it i know i thought i did oh i thought yeah i was like oh uh marcos teplon for the al east on the rookie auto congrats on that one again brayden and purple mookie bets to 250 for the dodgers judge and robbie ray matt Chapman refractor steven quan rookie guan soto cornerstone and march down the field well that's putting in the first up yeah eddie murray or of excellence jakey gromm to 199 on the uh teal or aqua boba shat refractor tell marty oh neil cruise rookie refractor auto drew ellis going to the nl west first hit there for keith s congrats keith for the diamond backs josh low drop side right cornerstone josh hater green j rod there you go walt congrats buddy seven out of 99 we'll take that nice j rod gorgeous one there you can recap that base and base thank you arcadius taking the pacers we are down to just one team left in iMac number 34 what's up birds just the kings and they are on sale chasing davion mitchell as well as your vets i'm sure daren fox has cards bad birds pretty solid so far um best hit of the night probably out of f1 we had a charles la claire auto tough 50 the gold so that's probably the best hit of the night so far but the brakes have been pretty solid nothing super super crazy nice larry walker 101 out of triple threads uh steven quan auto the 25 out of triple threads on cards so there's been some good stuff going around for sure corkelson redemption out of finest salvi perez pink erin 1957 erin judge robby gray four of excellence j ram blue j ram to 150 strawsburg steven quan quan soda cornerstone blue bob refractor yeah here i'll drop you the link to the website really quick to um uh birds if you want to see something in the future we got a redemption coming up here uh finest autograph green refractor parallel to 99 of jaren diran going to the a l east congrats on that's going to be to 99 there you go braindan that's in beaver my goodness goddard that was an amazing catch score yeah i think so nice one handed grab there's wilson contraris teal blue vapor to 250 yeah o'neill cruise there you go illegal um so here is the website for you i'm just going to give you an actual just website link latin sports cards dot com birds if you're interested in personals just go to personal boxes if you want to go to uh group breaks just go to break schedule and you can either go to our channel the main one here or matt's mlb channel so yeah if you have any other questions though just let me know for sure a couple more impeccable spots coming in as well thank you guys yeah for sure man yeah we got a couple couple group breaks with spots still left tonight if you're interested in football one team left in basketball uh wanderfrank over refractor cedric mullins josh loop your diagram josh hater cornerstone won soda refractor jt rail muto thank you guys for the subs over on youtube matt and don refractor ronald cunha jr that is tray ember j fine as rookies for the uh aleast rookie auto for the inks not numbered kevin smith and elliot aromas and green mini diamonds matt Chapman to 125 for the aleast isn't this yeah the surface is not great on these there's a lot of fingernails and a lot of uh wanderfranko brandon march refractor there's a lot of like roller lines too like the top's finest roller lines yeah i mean it's tough with chrome like most chrome cards the surface is generally not fantastic roger maris yeah there's been there's been a couple like we've had to send a good amount of boxes and wrappers just for like surface dings and stuff jaren diran rookie uh blue teal vapor brian de la cruz to 250 ruhan refractor rookie nado and so that's weird gold auto aromas ramirez nl central 28 out of 50 nice one there for the cubs the stud back in the uh mid 2000s those cubby steams nice did you literally just pull that that's funny teal shiver christian yelich to 175 best card i best card i've ever seen ever seen like in in person nico suave or like best card i've ever uh pulled that's what he was saying dz that's a bird was saying refractor trade turner abrayo de la cruz uh pete lanta uh probably the best three uh trevor loren stars and stripes rpa out of nt um i pulled the jackson merrill super frac their auto out of bowman chrome uh and the kade cunningham one-on-one select rpa probably the three best oniel cruz or of excellence salvi perez green mini diamonds to 125 a few other ones here and there too some like big louis hamilton dynasty stuff big lando norris dynasty auto um god i don't even remember anymore dude mckenzie gore refractor like i've gotten number two on top 10 polls on i f sports cards i've gotten number two that's my highest refractor auto josh low going to the al east nice one there star and thomas hosea ramirez there's hosea maranda sky blue to 300 base and base two boxes left guys good luck here everybody how much time do we have on these 40 and kings are gone we're sold out thank you dwayne t we're sold out on iMac now wow man that's impressive thank you guys so much refractor joey vato again a lot of dimples on that we'll send one with the nl central now oniel cruz pull nine of them pulls on that minus rookie shane moe's to erin judge uh teal lava 299 is read detmer's for the angels nl or al west gladmer grero junior pretty freeman refractor oh red red auto good luck everybody uh mark burley al sensual there you go steve congrats man that's sick one of the craziest perfect games in recent memory three of five on the red nice burley and one so say asezuki yeah that's a nice one uh aura of excellence gold 42 out of 50 erin judge for the yanks nice one there congrats again braden with the al east base and base that first red i've pulled out of this this year did this just come out yeah but i did like i did four cases on a least i ran in marsh you had a low i pulled the one car number to ten that was the lowest bunch of oranges but nothing lower than that michael cabrera brand abray you and daylock cruz for stones a bit that's pretty cool actually wander franco can griffy there is uh to 300 show hay on the uh teal never seen the nfl script writers put out a broken yardage chainer in the story the doll brujan refractor i should figure out what's going on yeah look at that uh what is what are we doing here right what is this amateur hour uh spencer walk in's going to the al east for the orials nice one there the grom and yuck first downs are not eight yards the writing the season's really picked up that's what the legal saying for is there's george springer purple set beard 250 for the nl west stop and thomas that's what everyone's saying randy that's suspicious that's weird yeah purple's good and i like the purple uh purple refractors always a good one ropy devils refractor that's my knowledge actually birds i don't think i have i don't think i have uh joey vato cornerstone vato and freeman or of excellence o'neill cruise uh that is teal to 199 george springer yeah i don't believe so which one's the desire that those aren't the buybacks are they nicoladolo azi albis because we uh over on the baseball we have late in baseball matt pulled one of the buybacks yesterday at mark mcguire there's jesse winker for the nl central refractor rata j rod rookie brandon crofter matt olson green lava boba shut to 99 for the a least base and base brian hayes refractor yelik chinkershaw wander rookie that is finest rookies hunter green not numbered on that one that is like the uh this is kind of what the black uh black red wave looks like again this is not numbered though still a cool looking card similar to what the black red uh vapor looks like more of excellence jaren drahan sky blue francisco lindore 300 base and base eloy refractor charlie blackman gorge currie there is a luke williams to 150 go into the nl east on the rookie auto blue it's amazing come on super last pack super frack your last pack is blue teal vapor franando tatees jr it's a 250 teal jones falls on his own he's so clumsy dude that one i think he actually tripped on the line did he? i don't know i don't know donny but he's fallen i wouldn't be surprised but there's j rod to 99 luke williams jesse winker spencer walkins josh low gold is aramis ramirez oh diddy randy gotcha trey ambrosia you were right done uh that's jaren drahan drew ellis but we've got marcos deplom air and ashby gold connor wong to 50 uh joe carter calarali austin meadows to 150 alejo lopez and a red mark burley numbered three of five that's going to the uh ale central congrats again on that one steve i'll do it for the break guys thanks again for the fill next up we've got i'm ag


Alright, hi everybody. My name is Kate Haynes. I'm a director with the Office of the Superintendent of Professional Governance and my colleague is here as well. Good morning, Rebecca Friedman. I'm also a director with the office. So we have been conducting substantial engagement since January, just before the Professional Governance Act came into force. And we've developed this presentation to address a number of audiences, both industry registrants, ministry staff, local governments, indigenous nations, hopefully wherever you're coming from, there's something in here for you. Despite the fact that we don't have a live audience today, I think you'll see that we've worked really hard to incorporate sort of the feedback and questions we've received over the past few months to make this as proactive as possible and covering any questions you might have. And we have actually popped in specifically a few sort of mock question and answer periods that where you'll see some of the questions that were frequently asked. So without further ado, carry on. So today we're going to start with an overview of professional governance as it relates to our office and the natural resources and built environments in British Columbia. Then we'll dig a bit further into the regulatory framework of the PGA itself, including a discussion of practice rights. Then we're going to dive into a discussion of two new things that have been introduced with the Professional Governance Act coming into force, which are a statutory duty to report, as well as a requirement for firms to register as registrants. Finally, we'll close with a discussion of our planned operations for our next year and a discussion of our standards of good regulation, which we'll be using to evaluate the performance of regulatory bodies under the PGA. So just so that everybody knows who we are and what the Professional Governance Act is, both the Office of the Superintendent of Professional Governance or OSPG as well as the Professional Governance Act or PGA were established in response to 2018's Professional Reliance Review. This was a mandate commitment from Foreign Minister Heyman from Ministry of Environment in the 2017 government. It was also a requirement of the Confidence and Supply Agreement with the Green Caucus, and Mark Haddock conducted a review of five regulatory bodies and came up with many recommendations in respect of professional reliance. So Professional Reliance is a model that is commonly used in the natural resources sector in BC, where specific decisions will be assigned to a registered professional rather than a statutory decision maker within government. So we're relying on those professionals. There were many recommendations about professional reliance in response to specific regulatory frameworks of different decisions being made, but two of the recommendations that came out of that review were actually focused on professional governance. And those were the creation of the Professional Governance Act to create a common framework under which all of these regulated professions are operating and held accountable. And then secondly, the second recommendation was the creation of our office as an oversight office for those regulatory bodies that administer the professions. So, you know, our role is not necessarily with respect to specific decisions being made in a professional reliance framework in a given ministry or sector, but when those ministries call on professionals to make those decisions in their frameworks, our role is to ensure that those professionals are showing up, they're reliable, they're accountable to standards of professional and ethical conduct, and that we can have confidence in those professionals. So just a little bit more about us, the Office of the Superintendent of Professional Governance. We're a very small office under the Ministry of Attorney General. We have a superintendent, myself and Rebecca as directors, a number of policy analysts, and we do get a fair amount of business operations support actually from Justice Services branch as well. The positioning of us in Ministry of Attorney General rather than any of the other ministries that administer professional reliance schemes is to create some separation between those ministries that use professional reliance and then an oversight body that is overseeing the professional regulators. So why is professional regulation important? Self-regulation is a privilege that is granted through legislation to protect the public interest and specifically where a given profession could have an impact on the public interest. And when we think about civil engineering, for example, there's a very clear line of sight from the proper construction of buildings, having a potential risk to human health and safety. And it's important for those professionals to be properly regulated in order that we have confidence in the integrity of those buildings. But we also have the context in the natural environment as well as potential risk to the receiving environment. A good example of this is the incident that happened with the Mount Polly tailing storage facility that would indicate an importance of professionals working in the natural resources sector as well as putting that public interest first. So when these regulated professionals are part of one of these self-regulated professions, they now have an ethical and legal duty to put the interest of the public ahead of their own. Those regulated professionals may also be granted specific exclusive rights to practice a certain discipline or use a certain title. And this helps the public understand the layperson who needs some work done for a stewardship plan or on a building being built, who they can access, who is qualified to practice in those areas and will be held to those standards of accountability. So which professions are under the Professional Governance Act? Initially, when the Professional Governance Act was brought into force on February 5th, those five regulatory bodies that were part of the Professional Reliance Review are now under the PGA. So the Association of BC Forest Professionals, Applied Science Technologists and Technicians of BC, the BC Institute of Agrology, the College of Applied Biology and Engineers and Geoscientists BC. Coming soon will be the Architectural Institute of BC. They have been for a number of years seeking amendments to their statute for modernizing the Architects Act. And what government actually did was make a decision that it made better sense for that profession to come under the PGA rather than make those legislative updates. So the Architects Act has already been transferred to our Ministry for Administration and probably in about the next year the Institute will be coming on board officially under the PGA. So just some key messages up front about what stays the same and what's different under the PGA. Those five regulatory bodies will continue regulating and registering the same professionals they did prior under their former statutes. And registrants such as professional engineers, professional foresters, registered professional biologists, they will all continue to primarily act with their regulatory body. What's new is that those regulatory bodies, they're former, they've all formerly operated under individual statutes. Those acts have all now been repealed and they are all now operating under the Professional Governance Act. So that now has a common operating framework in terms of merit-based election processes for counselors, requirements for lay counselors, common standards of professional and ethical conduct, as well as a common system to address complaints and discipline of registrants. And then our office has this new oversight role to ensure that the regulatory bodies are operating in the public interest, and we'll talk a little bit later about the criteria that we'll be using to assess those regulatory bodies. But I guess a key message is that typically registrants will continue interacting with their regulatory bodies. OSPG will primarily interact with only the regulatory bodies. It will not be common that the OSPG would be directly interacting with registrants. So this is a question we typically get at this point in the presentation, which are why are some professions under the PGA and not others? The PGA is neutral as to what professions could be contained under it. There's nothing specific about the PGA that applies only to the natural resources sector and built environment sector, but the five regulatory bodies we have today just really reflect the fact that they were part of that professional reliance review that was initiated in 2017, and they are now the first to be under the PGA. We already have the example of the architects coming on board, and the PGA does provide for additional professions to be designated, new regulatory bodies to come under, regulatory bodies to be amalgamated, and that's something that as we build our work in the future, we'll certainly be looking as where it makes sense to bring additional professions under the PGA. So I'm going to talk now about just the governance structure and framework under the PGA. So starting with the statute, the PGA is enabling legislation. It provides authorities for the key structures and functions of the regulatory bodies, so that includes credentialing, new registrants, and setting standards of conduct and competence, and holding the registrants accountable through performance reviews and audits, and then carrying out any investigations and discipline in response to complaints as needed. The PGA also includes authorities for regulations to be set, and I'll talk a little bit about the regulations that are following under the PGA in a moment. I just wanted to mention, well we have brought most of the provisions of the PGA into force as of February 5th. There are a few provisions that relate to declarations that have not been brought into force. So the intent with those declarations provisions was for registrants to file a declaration that they are competent to take on the work that they're engaged to do, and that they are free of conflicts of interest with respect to that work. For every job or project they were engaged on, and the intent behind that is solid, that we need more transparency to ensure that and accountability to ensure that registrants are in fact only practicing in the areas they're competent to practice in and that they are avoiding any real or perceived conflicts, or addressing those conflicts as they come up appropriately. But the mechanisms of filing for every time a registrant is engaged was seen to be problematic and overly burdensome. There are other mechanisms within the PGA that also help to increase the transparency around a registrants competence and ensure that they are thinking about and avoiding situations of conflicts of interest. And we wanted to be able to see how those other provisions were playing out and evaluate their effectiveness before we thought to bring in these other provisions. So we'll continue to look at where declarations might be valuable and useful and look to cater those requirements where they are needed and not put them in place across the board. So regulations, as I mentioned, we have the ability to set regulations in a number of different areas. Our philosophy has been to only put in place regulations at this time that are necessary for the PGA to function and where possible to put our expectations in place in a non-regulatory way. And that is through our guidance that we have set. So sitting under the sort of level of regulations is OSPG guidance. And this guidance mostly speaks to our expectations for regulatory bodies to put in place provisions in their bylaw level. All of our guidance is available on our website. So anyone is able to look at what are the expectations set by OSPG. And then underneath that is the bylaws of the regulatory bodies. So the PGA requires mandatory bylaws to be set by the regulatory bodies as well as gives authority for other areas that can be set in bylaws necessary for the functioning of the regulatory bodies. All of our regulatory bodies have worked quite hard over the past few years to produce a complete new set of bylaws that are in compliance with the PGA. Their bylaws needed to be filed with the Ministry of Attorney General after a suitability check by the superintendent. And this has all taken place. And the copies of the filed bylaws are available on our website as well as on the websites of the individual regulatory bodies. And then finally sitting under the bylaw level are all of the guidance and policies that regulatory bodies produce that support the functioning of the bylaws and provide greater detail. And regulatory bodies are continuing to work to update the guidance that sits under their bylaws so that it all lines up. Go to the next slide. So the regulations that we've put in place, we've got a general regulation. This includes things like setting out the merit based election process for councillors, council election, as well as setting a mandatory oath of office that all councillors must take as well as chairs of committees. It includes the provisions around firm regulation that enable firm regulation for a particular regulatory body as well as other administrative matters. Each regulatory body has its own professional regulation, which sets out the scope of their regulated practice, that is who they can regulate, as well as the reserve titles conferred upon the professions and reserve practices if they exist for each of the regulatory bodies. We also have a transitional regulation, which addresses matters related to sort of the immediate changes needed for the council structures, as well as including consequential amendments to other regulations and statutes where they may have previously referenced a repealed statute and are now referencing the Professional Governance Act. So now we're going to get into a bit more detail on practice rights under the Professional Governance Act. So practice rights is sort of what we use generally as the public to speak to, like who can practice what profession. Under the PGA, though, there's actually no use of the term practice rights itself. There are actually three connected pieces that together make up those practice rights. And the first is a regulated practice, which is who each regulatory body can regulate. So for example, engineers and geoscientists, BC can regulate engineers and geoscientists. The Association of Forest Professionals of BC can regulate foresters. And other than that, they can regulate doctors because that's an entirely different regulatory body that has the regulated practice for doctors. So the former statutes of the five regulatory bodies, they had definitions of who they can regulate. And those were each drafted at different points in time in different drafting styles with different levels of detail. We did consider sort of copying and pasting those over establishing them in the PGA word for word, but we felt there was a risk of unintended consequences. If you had something framed one way for one profession and another way for a different profession, but you may accidentally leave out an important area of regulated practice just because of the way you would interpret those two definitions alongside each other. So what we did was we looked across those definitions and we drew out what was the common element that could be consistently articulated between the different professions. And what we pulled out was this idea of which advice and services based on what disciplines are registrants of that regulatory body providing. So in the case of engineering, we have a list of engineering disciplines that engineers would be providing advice and services related to in the context of professional forestry. We'd be talking about providing advice and services related to trees, forests, forest ecosystems, et cetera. So I guess the key message there is we worked very diligently to ensure that all those registrants formally registered under the former statutes would continue to be covered under the new definition and that all those registrants would carry forward and be accountable under the PGA. New words, but in effect establishing the same thing. Second piece of practice rights is actually a reserve title, which is not mentioned on the slide specifically, but again, all those regulatory bodies under the PGA, under their former statutes did already have rights to confer titles on specific individuals. And then only those individuals registered with that regulatory body and granted that registration status would be allowed to use those titles. So for example, professional engineer is a title reserved only for professional engineers registered with EGPC. Again, all five regulatory bodies had those reserve titles and they were mostly carried forward as is with a few modernizations and updates, but the reserve titles under the PGA should be fairly familiar. Finally, the third piece of the puzzle on practice rights is reserved practice, which are areas of practice that are reserved for registrants of a particular regulatory body only. So for example, in the health context only doctors registered with that regulatory body can do the practice of medicine and seeing patients. In the case of the PGA, there were three reserved practices established in former statutes, which have been carried forward to the PGA. So those were reserved practices for engineering, geoscience, and forestry. Only registrants of regulatory bodies can do that work. And we had to do the same sort of analysis of not creating unintended consequences with different formulations of definitions. And what we landed on in this case was those things within the regulated practice that require the experience and technical knowledge of the professional disciplines as it relates to the protective purposes of the PGA, which are of course public health and safety as well as potential of harm to the environment. So the overall message with this slide is we had to change the words under the PGA, but we have reestablished basically the status quo in terms of regulated practice, reserve practice, reserve title, collectively practice rights under the PGA because of the fact that we had to transition to a new framework we had, so new words, but we're achieving the same thing. So these next couple of slides just cover off just what I explained previously with the diagram just has the words to go along with it. So regulated practice, reestablish the status quo with some modernization, ensure that all registrants are subject to regulation under the PGA, and follow that formula of provision of advice and services based on disciplines in relation to specific matters. Next slide speaks to those pre-existing reserved practices. So I mentioned engineering, geoscience, and forestry. We're already reserved practices. We have reestablished them in the framework of the PGA and articulated them in a consistent modern format that is based on what requires the experience and technical knowledge of the professional in the context of the public interest purpose. So we recognize that those definitions from the former statutes, they were very long-standing, very familiar, well-understood by professionals working on the ground. There's a transition that is necessary to support the fact that we now have different words in the regulation. So we will be working with the regulatory bodies to publish further supporting materials that illustrate the reserved practice. We know that the regulatory bodies do have this material already, but it isn't necessarily articulated in a way that's 100% clear to all the audiences, the public, industry, government, statutory decision makers, et cetera. So that will be something over time that we in the regulatory bodies build up. And also we did include a backstop in the regulation itself that references just for clarity, everything that was in that reserved practice definition under the former statute on the day it was repealed does continue to be in the reserved practice going forward just so that everybody is 100% clear. So you might be wondering about those regulatory bodies that did not previously have reserved practice under their former statutes. And the PGA does provide a route for establishing new reserve practices and the legislature set out in the course bringing the PGA through the legislature that the Institute of Agrology, the College of Applied Biology and the Applied Science Technicians and Technologists are now eligible to seek reserve practice and have that established. And this is most certainly consistent with that public interest purpose of the PGA. It would ensure that all practitioners in those professions are qualified, competent, and accountable by way of registration with a regulatory body under the PGA. Currently, for those professions, it is entirely legal to practice those professions and not be registered. The only difference that you would have between an unregistered biologist and a registered biologist is that the registered biologist can hold themselves out as a registered professional biologist while the unregistered biologist could not use that specific title. They can legally engage in the same practice. So the superintendent is supportive of exploring those reserve practices for those regulatory bodies, of course, subject to an appropriate process and engagement. The process is actually quite far down the path already for applied biology and agrology. We expect that will come into force within the coming years. It may take some more time for ASTTBC. They are certainly interested in establishing a reserve practice, but they're not quite on the same timeline as the other two. And just a note that those new reserve practices, as we saw on the original diagram at the start of this section, the reserve practice is a subset of the regulated practice. So we already have those regulated practice definitions for CAB BCIA and ASTTBC. And just a note that, of course, the regulated practice for CAB and BCIA specifically excludes those areas of reserve practice already granted to other regulatory bodies under the PGA. So the establishment of any new reserve practice for those professions already necessarily excludes any potential overlap with an existing profession under the PGA. So that's an important thing to note. All that said, as we move forward, we do expect those reserve practice definitions for the new reserve practices to be based on that modern consistent format already set out for the existing reserve practices, the sort of required experience and technical knowledge. We are in the process of doing this for their engagement and will be along with regulatory bodies. And that will continue prior to having definitions set out in the regulations. We do recognize the importance of supporting employers and professionals in the transition. So we'll be publishing the intention and the timeline very early and identifying pathways for those individuals who may have a lot of experience in a particular area of practice, but maybe not a traditional education or credential route supporting their continued practice of that profession through sort of alternate registration pathways. So you can also download these slides. They're also on our website, and this just gives you a snapshot of how these definitions were actually constructed for engineering and forestry. So these are the actual words from the regulations. So a couple questions that we commonly get at the end of this section is how will cross professional practices be addressed as new reserve practices are introduced. We certainly already have a good working model of a true overlap in reserve practice. And this example relates to forest roads and crossings. So both engineers and geoscientists, BC, and maybe the Association of Forest Professionals, got that one wrong. They both have that within their reserve practice. Both individuals seeking to have worked on a forest road or crossing could equally retain either an engineer or a forester to do that work. There's a joint practices board between those two regulators who set common practice standards for those practices that are common to the two professions. So this provides assurance that no matter which professional is being retained to do that work, there is a common standard of practice for how that work will be done. What we've actually found though is that those true overlaps are not nearly so common as what we might call intersections or alignments. So in the context of something like the riparian areas regulation, professionals from all five of the regulatory bodies are all authorized to work as qualified professionals under that act or under the regulation. And they likely are not actually doing exactly the same thing and applied biologists would be looking at that work and bringing different skills to the table than a professional forester would. They might be working alongside each other in a complementary way contributing to different parts of the project, but neither of them is actually doing the exact same practices as the other and you necessarily need the skills of both those professionals or even others to complete the task at hand. So part of that work and engagement that we're doing as we transition to those new reserve practices will be identifying those intersections and alignments and explore whether there are truly any overlaps that need to be addressed and articulated with common practice standards, for example. And then another question we frequently get is how exactly do I know what is reserve practice and what is not? So our understanding from our previous engagement is that it is well understood by practicing professionals where the line is between what's reserved and what can be done by the non-professional. But it is not necessarily clearly articulated in accessible materials to other audiences. So that's where I mentioned previously those illustrative materials that is important for ourselves and regulatory bodies to produce that over time that resource will become available and commonly understood to a broader range of audiences as to what is exactly reserve practice and what is not. So that's the end of the regulatory framework section and now I'll hand it over to Rebecca. Thank you. So to begin with talking about duty to report this is not something that's new. In fact, an ethical obligation to report for a registrant to report where they are observing misconduct or incompetent practice from another registrant has always been contained in the code of ethics of the regulatory bodies. So that's not something new. What the professional reliance review unfolded was that it is an extremely important tool for regulatory bodies to be able to receive that information so that they can look into the matters of the practice of the particular individual and address the practice concerns where necessary. Really important tool for regulatory bodies to be able to receive that information. Because of that and because of some additional sort of barriers that were recognized for registrants to be making those reports the PGA now contains a statutory duty to report and the difference between a statutory duty to report and ethical obligation. The statutory duty to report actually has some penalties that can be imposed on a registrant for failure to meet their statutory duty. The other difference is that the statutory duty applies to a registrant reporting on any other registrant that is governed under the professional governance act. So it's expanding the scenario to a registrant being obligated to report on a registrant from another discipline. Now, we understand that professional, register professional biologist is not going to be able to recognize and authoritatively speak to sort of the technical practice of an engineer, for example. And that is not what they're meant to do under the statutory report. However, under the PGA all of the registrants under all of the disciplines are subject to a common ethical and professional conduct requirements and standards. And that is something because of that commonality it is anticipated that registrants will be able to recognize an ethical practice or practice that involves a conflict of interest regardless of the discipline and be able to make a report and provide that information to the appropriate regulatory body so that they can assess the matter and take action as necessary. I also want to mention that this duty extends to employers or partners of registrants so that an example would be in a case where a registrant's employment is terminated because of a concern about their practice as it relates to a risk of significant harm to the environment or health and safety of the public. That employer is obligated to notify the registrant's regulatory body again so that the regulatory body can look into the matter and determine if they need to impose any additional provisions on to that registrant's practice. So then I mentioned the significant harm to the environment or health and safety of the public or group of people is that that is the threshold that would require reporting. So duty to report is not meant to capture all instances where there are concerns about a profession's practice but really the most significant and concerning ones in this case it's going to require an individual registrant to assess the particular situation in which the registrant is practicing to determine if it is indeed a concern that would lead to a risk of significant harm. And I also wanted to mention that the duty to report is centered around a registrant's practice because that is within the scope and mandate of a regulatory body to address. And so it is not meant to address concerns or risks of significant harm resulting from a government policy or authorization or activities happening on the land base. There are other avenues for someone to raise a concern about those policies or authorizations with the appropriate body that can take action. And then there are reprisal protections included in the under the PGA. So anyone who is making a complaint to a regulatory body or who is fulfilling their duty to report are protected against reprisals and should they be receiving any reprisals then there are avenues for them to report that to the OSPG. And for actions to be taken under the PGA. We do have some guidance out on our website that helps build a common understanding of what the duty to report is and what are the obligations of registrants and employers. So I encourage you to take a look at that guidance. We are also working with our regulatory bodies to come up with scenario based examples, illustrative examples that will help registrants and employers to understand what might examples of triggers for the duty to report. And those will continue to develop those and distribute those on an ongoing basis. So now switching to firm regulation. This is a new authority that has been included in the PGA that did not exist in the statutes of the regulatory bodies previously. It is in recognition that the culture and work environment of professionals supports and aligns with their professional and ethical practice. And so engineers and geoscientists BC have been given authority to start regulating engineering and geoscience firms beginning in July of 2021. And engineers and geoscientists BC are building on years of foundational work that they have laid in this area, including their voluntary organizational quality management program that they've been successfully running for several years. And essentially their program relates to a professional practice management plan that the firm is required to put in place that basically outlines their policies and their programs that will support ethics as well as continuing education and quality management aspects related to the practice of the professions. And so as EGBC is bringing out their program, our other regulatory bodies are observing and learning from EGBC's program and considering how they would roll out their own regulation of firm program. But they have indicated that they are two to five years away from being ready to regulate firms. Despite this, all of our regulatory bodies as well as OSPG are working collaboratively now on what it would look like to regulate in a multidisciplinary firm scenario to ensure that it is an effective and a smooth process for all parties. So the regulation, the definition of firm in the PGA is a very broad definition. It's pretty all-encompassing. It includes entities that are providing services for internal consumption as well as services within the profession, regulated profession for external consumption. The one exception is that the definition distinguishes government registrants, so ministry or agency of the provincial government. And these are excluded from the definition of firm except in the case where they are prescribed as firms or what that means is that government has made a decision to include a particular ministry or agency as a government registrant and then they can be regulated as firms by the regulatory body. So starting with entities that are engaged in providing engineering and geoscience services within government. We have had several of our ministries and entities that have been prescribed in an initial phase. So that includes the Ministry of Transportation and Infrastructure, Ministry of Forest Lands, Natural Resource Operations and Rural Development, WorkSafeBC, Technical Safety BC, the Oil and Gas Commission, and forthcoming is BC Hydro. There are other ministries that are also carrying out engineering and geoscience work, some examples being Energy, Mines and Low Carbon Innovation, as well as Ministry of Environment and Climate Change Strategy. And work continues to engage with those ministries and take the lessons learned from the initial implementation of the ministries and entities listed above. In order to inform the rollout of firm regulation for these other entities. Now EGBC, and firm regulation is a program of EGBC and so your best resource is the information provided by EGBC. They have delivered a webinar and a recording of that webinar is available online. That's a fantastic resource. And they are also able to connect directly with anyone to discuss a matters of whether or not a particular company would be considered a firm and required to be registered. So, will firms with registrants in two or more regulatory bodies be required to register with each regulatory body? So that's really describing the situation of a multi-disciplinary firm. And that is something that our regulatory bodies and our office are actively looking at. It may be that they would need to register with each regulatory body, as each regulatory body would be responsible for overseeing the practice of that firm that falls within the regulated practice of the particular profession. But I want to assure everyone that we are all considering what is a effective and sort of low burden method for that to take place. So my firm only provides advice and services internally, not to external clients. Do I still have to register with engineers in Geoscience BC? Yes. So the definition of firms is a very broad definition and it does encompass the scenario where a firm is carrying out engineering and Geoscience work for internal consumption. So yes. So this is a duty to report question. So how can a biologist report an engineer if the biologist has no engineering training? And I talked about this a bit on the duty to report slide. Certainly there is no expectation that a biologist would be able to comment on the technical aspects of an engineer's practice. However, because a biologist and an engineer are now operating under very common ethical and professional practice standards, there is certainly some real scenarios where a biologist would recognize ethical misconduct and professional misconduct of an engineer that could potentially lead to a risk of significant harm and that biologist would then be obligated to make a report to engineers in Geoscience BC for them to look into the matter. When a regulatory body receives a report, they treat it as a complaint and they do go through the same process they do with any complaints where they assess the situation and then determine what action is needed. So once a registrant makes a complaint to the regulatory body, the onus is then on the regulatory body to do their due diligence and look into the matter. So regulatory bodies already had duty to report a report. So how is this duty to report different? And I hope I did answer that, but I can offer a few more bit of summary pieces of information. The duty to report in a Code of Ethics really speaks to reporting on other registrants within the same discipline. The duty to report, includes a new scenario where a registrant could be reporting on another registrant of a different discipline as well. The statutory duty to report includes some penalties if a person is found to not be meeting their duty to report. Now, OSPG is not going to be out there looking to actively catch people and not reporting. How it would probably come up is that in a case of a complaint could be made that someone is not meeting their duty to report and that would have to be looked into. Or in the case of an investigation into a discipline matter of a registrant, it was determined that another registrant knew of the matter and didn't take action to report. So, in that case, an investigation would take place and appropriate penalties or consequences would be laid. I'll just add to that. The statutory duty to report actually has that significant risk of harm threshold in it, whereas the regulatory bodies in their own duties to report may require reports on issues that don't actually meet that threshold for the statutory duty to report. Our last topic today is to introduce our standards of good regulation a little bit more about the role of OSPG. We have put out a set of standards of good regulation. These are also available on our website. We have developed these based on the work of the UK Professional Standards Authority. And these set out OSPG expectations for regulatory body performance that would indicate that they are meeting their public interest mandate. They are based on the functions of the regulatory bodies, so setting standards of competence and conduct, setting education and continuing competence requirements, the registration functions, the role of regulatory bodies in carrying out audits and practice reviews, and their complaints and discipline system, as well as a more all-encompassing bucket related to transparency and accountability in general. And so OSPG will be building out an audit and practice review program, which will be directed at the regulatory bodies and based on auditing or carrying out a practice review against these standards of good regulation. We intend that we will be publishing the results of those performance reviews on a regular basis and this is a real important driver for the oversight role of our office, as well as public transparency and accountability for the regulatory bodies. And finally just to tell you a little bit about what are some of the other functions of the office as we've moved from away from implementing the act to operating under the act, we will continue to set and update policies and regulations as needed. I talked a little bit about establishing our audit and investigation processes and our year one plan for initiating and beginning to carry out a performance review of the regulatory bodies. Kate had mentioned that we are bringing the architectural institute of BC under the PGA and the work that we will be doing over the next year to support their transition. We also mentioned we have the ability to consider and recommend new designations. There is a couple of ways that those designations could happen. They could happen by application of a professional body or the OSPG could carry out an investigation on our own accord or it could be a decision of government, which was the case with the architectural institute of BC. All the information about the designation process and the application process in particular what information we'd like to see in an application as well as what criteria we'll be using when we are assessing whether or not to bring the regulatory body or professional organization under the PGA that is all available on our website for anyone who's interested in taking a look. We also have set up a professional governance advisory committee that is made up of representatives from the ministries that both employ professional registrants as well as rely on our regulatory bodies. So this table is able to look at issues of mutual interest to the ministries and the regulatory bodies and really constructive dialogue can take place at that table. Our office is mandated to conduct research evaluate our policies and guidance and share best practices so we're really a function of our office is to be a center of excellence in professional governance and to help bring best practices from elsewhere into the governance of professions in BC. And we also communicate so we have our OSPG website which I've mentioned a few times as well. We are required to table an annual report to the legislature each year and this year's annual report which will be our second annual report will be tabled in May at the end of May. So I think that is the end of our presentation. I think we have a contact slide. Yes. So if anyone had any questions that were not answered by us and we encourage you to write them into our inbox and we will get back to you with your questions and we want to thank you for viewing this webinar. We hope it has provided some useful information to you and we look forward to future conversations with folks as we roll this out and continue our operations. Thank you very much.


Hello friends and thanks for hanging out with us here on the marker report with coin telegraph I'm your host Benton and we are joined by a resident expert Sam the man with a Bitcoin plan Borgi Sam Borgi is the business editor here at coin telegraph where he brings a decade of experience in economic analysis and financial market writing It is just me and Sam today Marcel is out, but we got 25 K or 15 K Bitcoin. I see people in the chat today lighting it up They want 15 K Bitcoin Sam. What's going on this week? Are you in the 25 K land? Are you in the 15 K land? What's going on then? Hey, so I'm more in the 15 K camp. I think at this point. I think you know my position You know the fact that we haven't hit a new low yet. I'm kind of a little little nervous that Maybe maybe we have bottom, but you know anything is possible and as I mentioned before I don't really care about exact entry points at this point But if I were to guess or if I were to have a logical Hypothesis, I would say that we do have another leg lower We are in October the month that I've been talking about though, so We'll see it's been holding up fairly well around the 19 to 20 K level So we're going to see what happens in the next few weeks Is it slumped over October we're yet to find out I think a lot of big data is gonna be released We have the CPI coming up We have earnings coming up as well from macro traditional markets that typically plays an impact on the crypto market So we're gonna be diving into some topics today around what to be on the lookout for for Bitcoin this week as well Let's dive into some of the fundamentals We're gonna be doing an open live charting session today too So if you have coins that you want us to chart for you will be diving into that as well If you haven't go ahead like and subscribe point telegraph We are here on YouTube live coming at you every Tuesday 12 p.m. Eastern and today Adrian are we doing our giveaway for our our store today, or is it the markets pro? I'll wait for Adrian to try me in the chat But then we'll go ahead and drop your Twitter handle in either way We'll be given something away today on the market report because that's what we do But first things first we got to get you the weekly roundup video of what's going on on the Twitter sphere this week What are some order people chattering about alright? So Adrian just got back to me by the way markets pro today one month subscription So drop your Twitter handle in the chat We're gonna be given that way at the end of the show So make sure you stay tuned drop it in the chat if you have questions for Sam now is the time drop them in there We will be addressing those periodically throughout the show But let's go ahead and get into the weekly roundup video for this week One of the big tweets that suck out to me there was the darkest time in financial history Hopefully everything is not doom and gloom But I think the one big takeaway from that tweet was that they were bullish on each and every one of you That are still here especially during the bear market so shout out to everyone who's who's tuning in that's still here getting involved with crypto That's what it's all about But next let's get some memes go let's fire them up. We got Danila and Adrian Compiled some memes for us to look into this week. So let's go ahead and get into that DX Y's looking good Yeah, that's that's the only thing that that's going up right now Scientists have made a bracelet that converts stress into electricity Yeah, that's good. That's a good one Every single crypto investor right now sweating. It's all right. We're all gonna make it eventually right when people hear Candles when I hear kids Exactly, right. That's the only thing I think of Those chart candles trying to explain crypto to your friend. What Bitcoin? Who Satoshi why decentralized why NFT? If one day they'll all come around we're the early adopters, okay one day the big wave will come everyone will understand We're painfully early Yeah, I mean, it's a good thing. Yeah, I see people in the chat. I want to thank Catherine Birik's vicarent crypto mags is here cow Nazmi, thanks for tuning in today drop your questions in there. I see folks already wanting Some tokens to be charted. We're gonna get into that a little bit later But first on the docket for today We got to bring you some of the things to be in the lookout for this week around Bitcoin So we're gonna go ahead and pull up this article Danilo if you wouldn't mind pulling that up, please sir One of the things this is written by William Seuber One of the first things that we're gonna be covering today is the volatility pointers say rare price action is due for Bitcoin So I'm gonna read some of the excerpts and big takeaways from this section on the one-week time frames BTC USD does continue to form a cluster of candles in which the market hardly moved up or down at all classic sign that Volatility will result so what Williams talking about here is these kind of clustered up candles Not huge movements, especially here over the last couple months into July That breakout event has already been forecast into lower time frames these coming true on Friday Is the United States jobs data sparked a brief sell-off which cost bulls the 20k mark So while we're on this topic of the United States jobs report what happened last week Sam Do you mind kind of jumping into why the jobs report? Influenced the market in a negative in negative way because from what I understand jobs were continuing to grow And why is that actually a bad thing? Yeah, so I mean look what we saw in the non-farm payrolls report For September was that the US economy added about 263,000 jobs during the month, which was higher than expected Now that should be a net positive because the US economy added more workers, right? Positive employment growth is usually good as a good indicator for the economy. However The Federal Reserve is trying really hard to tame inflation through its aggressive Quantitative tightening program or at least raising interest rates The idea is that if The non-farm payrolls report keeps showing strong positive growth and jobs. It means there's still a lot more Room for the Fed to actually keep hiking rates because if the labor market is still running hot It means more inflationary pressure So when you have aggressive rate hikes, they usually result in higher unemployment. Now, there's a certain medium There are a certain Level that you want to get at how much are you willing to sacrifice the labor market to keep inflation under control? The Fed wants to have a soft landing so to speak I'm not sure they're going to actually achieve that But one indicator to look at is going to be the unemployment rate and the jobs numbers If the the labor market keeps adding hundreds of thousands of jobs every month That's going to feed into expectations of more inflation or persistently high inflation moving forward And as we know that's really not what investors are looking for these days They want to see that the Fed's actions are leading to a decline in the inflation rate So that at some point they can stop hiking and we can go back to more accommodative Monetary policy. So that's kind of in a nutshell. I think why investors are a bit Skittish on the higher than expected non-farm payroll numbers. You got to tie that back into the Fed and what they're doing And one of the things that Jordan Lindsay here who's a trader and entrepreneur said a big move up or down is incoming Very philosophical either going up or down But a lot of folks are talking about a big move either way So when we're talking big move sam, what does that kind of mean to you? Is this mean? Hey, we could potentially see, uh, you know, five to ten percent drop five to ten percent jump Uh, what is it? How do you kind of interpret that what what jordan lindsey's saying here? Yeah, well, we can go up or we can go down. I really appreciate that insight. No, but I I know what he's talking about The the whole idea right now is that bitcoin has been fairly range bound for a while by bitcoin standards I mean even with all the crap going on right now and the geopolitical scene the markets bitcoin seems to have found this Equilibrium around the 19,000 dollar mark. The idea is that when we see bitcoin's price continuing to narrow That usually leads to an explosive mood up or down now for me. This kind of reminds me of a very Ominous period in bitcoin's history. You got to go back. I think the 2018 when we had what was called now the range from hell So if those of you who weren't around crypto in 2018 bitcoin basically traded at 6,000 for I think for like six months It was 6,000 6,000 we call it the range from hell And I remember at the time we used to philosophize that there's no way bitcoin can go below 6,000 bro Because that's the break even rate for the miners. There's no way we're gonna go below 6k What ended up happening in december of that year? We crashed down. I think 3200 and that was the definitive bottom So for me if you ask me what my outlook is i'm still expecting that one more flush out Even though I mean 69 to 20 if that's not bad enough I do think we're gonna have one more flush out to get the new lows in for the cycle so that we can begin accumulating But again, I'm not an ostradamus on this Nobody knows where the market is going to go in the short term We may have already bottomed as mark yusko friend of the show friend of coin telegraph has said I personally believe we have one more leg lower, but that's going to depend a lot on the overall Sentiment heading into the fall and into the winter I was expecting it to happen by now or around this time But it's still holding around the 19k But if we keep seeing this narrowing of price action I think we're bound to see a a move Sharp move higher or lower and for me a sharp bitcoin move is at least 10 percent 10 to 15 percent in either direction excellent observation in Something I always like to kind of look at is is the rainbow chart here Um with blue being the fire sales zone So we're kind of in this range here where last time we saw that was covet Back in 2020 and then ranging back Looks like in 2017 is when we definitely were in that blue zone for a long long time So accumulation period I'm not worried about any kind of big moves down because that to me I'm dollar cost averaging So I'm loving it either way. I'm catching those highs and lows But if we were to see any kind of movement upward, what does that kind of tell you sam? If we break all the sudden upwards of 25k is that sustainable and could it potentially go higher if for whatever reason We break a 25k mark I don't know what the overall significance of the 25k mark really is I'm just looking and seeing a lack of positive catalysts right now for a sustained rally Now I've been expecting a bear market rally for a long time But this has been kind of like a meme where it's been really down only I think we saw a fairly significant rally when we bottomed around I think 18,000 we went back up to 25k That's if you look at the percentage game, that was a pretty significant You know bear market rally But for me, I think in order for for us to get a sustained rally to the upside Either bitcoin has to significantly decouple from the you know the the the traditional markets in terms of perception Investors will have to realize that you know what bitcoin is a life raft In the sea of uncertainty Or we have to see something significant on the monetary policy front maybe on the Geopolitical front if we see tensions simmer down in eastern europe, which doesn't seem like that's going to be the case But right now the narrative is telling us the markets are trending in one direction I'm not going to fight that narrative right now and as you mentioned just a few minutes ago You don't really care about bitcoin's price because your cost averaging in And that's how you have to approach an asset like this You know bitcoin will be around for another cycle It will continue to rise We will get a new bull market. We will get a new all-time high It's all a matter of when and right now we have to be patient Yeah, in something else that that will calamity Said in this article was that while it's reasonable to expect a large move now more than ever it's also important to note that There were two periods in the past when bitcoin spent more than 40 days consolidating after hitting these levels So this is kind of like the area where it seems like things tend to range For extended periods of times and then there is some sort of big breakout whether that's to the downside or upside So keep that in mind. Stay patient here folks. If you are a long-term hodler if you're day trading Uh, I don't know what to tell you because I don't day trade anymore in these types of markets um All right, so the other thing that we want to be on the lookout for this week is this bitcoin bottom And so I'm going to scroll down here Uh to some of the highlights uh, will clementi who we mentioned earlier and uh charles edwards who's the ceo asset manager of caprioli noted that both in 2018 2014 bitcoin put in a macro bottom within a set period following its prior new all-time high We're in the 90 day window where the last two bitcoin cycles bottomed So I same we talked about the bottom here um What other kind of insights might you be able to provide or color commentary here to what will clementi and charles edwards are talking about here about the the bottoms Yeah, well, I think I just talked about 2018 I mean we more or less are in a pretty classic bitcoin 40 year cycle I mean the 40 year cycle we saw a peak in year three And then we saw a decline into year four and now we're in the process of bottoming which makes it into a Pretty neat and tidy four-year cycle the only Difference was that there was no blow-off top per se where it was very difficult for us to actually be able to visualize a top in the market Looking back the top was probably in the spring of 2021 where the alt coins peak bitcoin hit mid sixties We saw the other scam rally heading into the fall due to the front running of the etf listing it looks like But that double top really confused the hell out of a lot of us and I've been on the four year cycle theory for a long time now I was right, but I got the timing of I got the blow-off top wrong because we didn't really have a blow-off top But I like I said to you earlier ben. I'm expecting the market to bottom around now We saw a bottom in december of 2018 We are still within that range It just depends on on how things fall into place. But again, if we if the bottom was 18 or if it's 16 or if it's 15 I don't really care at this point, you know, because I am just looking ahead To increasing my my bitcoin position size is moving forward It something else that's brought up in the article is that the june drawdown that we saw was a 74.5 percent drawdown Which is still less than previous cycles back in 2018 And it looks like 2014 2015 here. So This is still yet to be determined I think I'm on the same page with sam here that there's going to be lower But something inside me sam is saying that everyone is so just fundamentally bearish across the board That this is typically the time when bitcoin like will surprise us So I guess is there any kind of like thing that would just like magically turn the the fed off from Raising interest rates or some sort of wild event where all of a sudden we make this this 180 pivot Yeah, they would have to break something as I mentioned They're going to keep raising rates until they break something and what they break is yet to be determined If we see overnight interest rates really skyrocket In the repo market that could be an indicator If we see economic Indicators really deteriorate like the PMIs for example, you know watch the PMIs if they really tank below 45 That could be a cause for alarm But I think the fed right now is still laying the groundwork for continuing to raise rates They've already basically redefined what a recession is Right that's kind of giving them more more runway to keep hiking And the reality of the matter is I don't think they have a choice I think the status quo since the 2008 financial crisis is to ease monetary policy. It's a lot easier to ease It's a lot easier to keep rates near zero It's it's we're in a financialized economy where everything runs on on credit Raising interest rates could have catastrophic consequences. We're beginning to see that now I think they're base cases. They want to ease But you can't with the CPI so high With inflation at 8% the challenge for them is They're even Going the complete opposite of conventional economic theory because they're hiking interest rates into into a declining economy So the worst-case scenario is you get high inflation and a recession like that's complete disaster so There's really no winning with respect to the Fed because They screwed up so badly on this inflation call like it's one of the worst calls in history and Nevertheless Nobody is uh getting getting any kind of repercussion for getting it all so very wrong But it's gonna it's gonna be interesting to see how they navigate heading into the first and second quarter of 2023 When we have more indicators that things could be really bad or at least getting worse on the economic front I don't want to pivot to the chat real quick. We have bjorn saying yeah, I feel like we need to test 17 5 To 18k support see if it holds to long again and see some short-term bullish signs so Bjorn is Bearish to those support levels there. So we'll see what happens I want to get into our other article which talks about bitcoin hash rate We've talked about the CPI here Add nauseam. So you guys are it should be on your radar to watch that for this week real quick Any predictions? Is it going to be higher lower about the same? For what you're expecting at the end of this week's in So if you recall My call was that the cpi the headline cpi, which is the year over year rate probably peaked in june above above nine We saw an 8.3 reading last month or last month being in august I'm expecting it to probably be around the same or slightly lower maybe 8 to 8.1 I know the consensus forecast right now is calling for an 8.1 percent year over your cpi. So again, it's still growing Quite substantially, but at a lower rate in the june clip But the the one thing that could really affect You know the the sentiment on cpi is the core inflation reading So core cpi is a is the inflation Minus food and energy we saw it at 6.3 in august Now a consensus forecast of economists is that it's going to be 6.5 So it seems like headline cpi is easing slightly But the core cpi is actually increasing And I think that reflects what what a lot of us are experiencing The cost of things continues to go up And once this the inflation goes to the services side it becomes a lot more sticky so If if the headline cpi is roughly the same But the core cpi is higher than expected or higher than last month The market's not going to take that well because it's going to be more it's going to be more ammo for the fed to keep hiking in the short term And uh the hash rate lingers as difficulty hits new all-time high So when it comes to the hash rate difficulty hitting this new all-time high What is like your big takeaway with this and is this something that you pay attention to At all. I know we've kind of touched on this before But what are your thoughts and takeaways from seeing this new hash rate difficulty reaching all-time high? Well, it seems like there's more competition and it's going to put a squeeze on miners Overall in terms of price action I don't think it has a nearly as as directive an impact on price as a lot of the headlines may suggest But uh the great thing about about the difficulty adjustment is that it adjusts, you know, because that's part of the Of the bitcoin algorithm. Um, so overall i'm not too concerned. It just shows that there is increased competition on the mining side And you're gonna see more squeeze on miners The last uh I think we're gonna pick between the kathy wood article or paypal I think the kathy wood article is fantastic because I want to hear what sam has to think about this So if you didn't read this week, uh, kathy wood wrote an open letter to the fed asking them to please stop raising interest rates Sam has this is unprecedented times. Uh, has this ever happened before in the history of uh, of Traditional markets where an investment firm will write a letter to the fed like this And will there be any impact of what actually happens here with kathy wood trying to to get the fed to stop raising interest rates You know, I've been tracking the fed You know religiously since like 2012 2011 I never thought I'd have to follow them this closely now that i'm in bitcoin and crypto full time But lo and behold I'm right back to analyzing the minutes the meetings the blah blah blah the blah blah blah So Will have I ever seen anything like this before? No, I haven't I haven't seen any company actually submit an open letter to the fed I mean look In a sense, she's right because as I mentioned earlier, we live in a highly financialized economy where any higher interest rates Risks crashing You know, whatever we have left and I think we're starting to see that right now You take a look at the trillions of dollars that have been wiped out in wealth or on paper wealth since the fed began embarking on its Rate high campaign. I don't think her letter is gonna gonna do much I think it's gonna require something to break before the fed actually pivots And right now, I think they're buying themselves more time To continue raising rates because you're not going to start cutting with the cpi above 8. I'm sorry It's just not going to happen. So I don't know what the solution is except more pain ahead and We're beginning to see the destructive impact of central bank policies on the economy from getting the inflation wrong to Unleashing a ridiculous amount of stimulus during the pandemic And now we're seeing the downstream effect of that So kathy might be right in a sense But the fed can't do anything with cpi above 8. I mean, what are they supposed to do? Cut rates with the cpi at at 8.3. It's not gonna happen I I was gonna say even if they did it's like Then you could potentially see cpi reached 10 percent What happens then if it gets out of control to 15 percent? It's like They have no other choice right now to kind of stay the course and like you said until something breaks Um, so that was kathy wood this week.  I think I'm on the same page as sam There's more pain ahead folks So just get ready buckle up your chin straps and and put your safety belts on because it is going to get pretty ugly All right. Uh, well, we are going to get into our Crypto tips next Uh denil, thanks for sharing that if you have coins or anything you want us to look into today and chart for you Go ahead and pop that in chat. It's also somebody drop in slana We'll do that after our markets pro segment today So don't forget if you want to win that one month subscription of markets pro drop your twitter handle in the chat We're gonna be giving that away at the end, but next we got some quick crypto tips. So let's go ahead and get into that All right, you probably hear us talk about support and resistance here on the show I'm gonna get into that a little bit later when we start to chart some of these coins But understanding support and resistance Are one of the most crucial parts of reading a crypto chart support levels and charts refer to a price level That the asset does not fall below for a fixed period of time In contrast resistance levels refer to the price at which the asset is not expected to rise any higher This is the level at which the sellers outnumber buyers in the market for a particular digital asset Experts are known to suggest support and resistance levels to assist traders while taking positions in crypto So we're gonna get into that a little bit later. I'm gonna show you on the chart. What is the support? What is resistance? We'll dive into that so you can get a little bit more visual But that was our crypto tip for this week All right. Oh, I see webster wants wants a a few little tokens charted on adam big fan adam None of this is gonna be financial advice today Just to preface these are just personal opinions of each individual here on the panel today Big shout out to everyone who's tuning in from around the globe. Make sure you drop in tell us where you're tuning in from I saw folks from South Africa earlier shout out But next we got markets pro we got the two tokens. You should have been watching this week So let's go ahead and get into what happened this week and markets pros got our back like always All right, we got news quakes. Well, these are the automated alerts that instantly notify users when market moving events happen In pangolin Png as per usual many news quakes this week preceded bullish price action Png is a prime example As news quake about coin based listing the png usd trading pair dropped when the asset was trading at 8 cents Right after this news dropped the price surged to 11 cents And that's a swift 37.5 percent gainer for this week and folks, you know those exchange listings move those prices That's why you got to have those news quakes from markets pro So, you know when you can jump in and potentially catch one of these rides up That's a 37.5 percent gainer. All right And the next token we were watching this week was eps and what happened while the vortex score which is a Comparison between its current market and social conditions of those in the past Vortex sort of 80 or above is considered confidently bullish conversely a low score of 30 below his historically bearish conditions Green vortex scores may be rare in this market But when they do flash they continue to proceed solid gains For example this week eps so a high score of 80 flash when it was trading at 7 cents Later that day the price jumped 42.9 percent in a weekly peak of 10 cents And that is why you got to have The markets pro app in your pocket. It's on mobile.   That's why we're giving away one month subscription Today for dropping in your twitter handle in the chat and that's going to do it for our tokens to watch this week all right So before we jump into things here, I am going to pull up Let's pull up adam um on the chart danila if you wouldn't mind just Doing a quick little screen share here All right, so fan This is my adam chart. This is the daily chart. I don't like to look at time frames lower Than about four hours to a day just because again, I'm not day trading. I'm kind of just looking For a long term Holds at this point or good entry points where I can dollar cash average in over several months So for me, I'm looking at a couple things here. So I drew a couple lines here these horizontal rays This mark here 32 looks like we had a lot of top outs right around this area and a previous all-time high So this is going to act as resistance in a long time frame For me, I found that this support because of it bottoming out a couple times here historically And then it bouncing along this line right around nine dollars for me Is going to be the the support So support is that area where we're expecting it to hold as you saw though the support level didn't hold here Previously, but again, we saw some bounces around this range So for me right now adam broke this macro trend line that you're seeing here And had a nice rise Back in early september now it's kind of consolidating here and it looks like we're actually creating a new Support level. So i'm going to go ahead and draw another horizontal ray here for y'all So it looks like we're creating some sort of support around 12 dollars So for me, I think this could go a little bit lower I'm going to look for adam to drop closer to nine dollars in this kind of green box here As you can see we were ranging there previously So i'm going to wait a little bit longer on adam even though i am personally dollar cost averaging in an adam in the long term Just because i am bullish about that project over the next five years That is adam and i saw someone else drop salana in there. Let's see what's going on salana. Holy smokes This is an old chart. I haven't looked at in a while So we need to draw some new support levels here because Salana has dropped tremendously. So for me Support level here. We're looking at 27 dollars. That's kind of a nice support range I'll kind of get a little zoom in here so we can see This continues to kind of bounce off the support. I don't see any big movement Look down here. You can see volume levels are tremendously low across salana This might be a good time to actually accumulate salana If you are bullish about that ecosystem for me a lot of unknowns a lot of outages over the last six months I know it's been vc backed out of the yin yang But a lot of those vcs have dumped the token. So I am actually staying out of a salana trade right now Even though I do hold some I don't want to accumulate anymore But if you are bullish about the project these levels might be solid because we saw these all-time highs I mean wow 246 dollars for salana back in november. Just now it's down to 20 bucks huge drawdown in salana here Um, so those are the the two tokens. I guess we can chart there And i'm looking in the chat doesn't look like anyone else chiming in there But those are the two charts for this week dino. Thanks for doing that Um, and folks, thanks for chiming in you got any other questions for sam here Uh while we wrap up today with some closing thoughts let pop them in the chat so that sam can answer your burning questions Uh, but sam do you have any closing thoughts for us today? Winter is coming No, that's I wanted to leave it cryptically, you know, so you can So you can kind of fill in the gap there, but no as I mentioned I think i've been pretty clear about what my expectations are uh things right now in in the world aren't looking good Um, the great thing about bitcoin is that it hasn't changed fundamentally. It hasn't changed its value proposition hasn't changed Maybe most people don't recognize what its value proposition really is But I do believe that that'll change in the future As more people become aware of its properties. But right now It's all a matter about having a strong strong hands with respect to your investment thesis Whatever that may be if you believe that you want to be allocated to bitcoin a certain percentage of your portfolio Because you believe in its long-term value proposition as the only real honest money there is Then now was a really great time to accumulate of course not financial advice It's what i'm doing continuing to cost average in the altcoin bets are a little bit riskier Because we don't know what projects are viable long term as benton mentioned I mean The big part of his analysis is trying to really understand whether these altcoin picks have a long term viable future And aside from a few of the top altcoins, there's a less compelling reason to believe so Again, I don't know what's going to happen in the future But I suspect in the next bull market you'll see a new set of shiny altcoin projects That'll come in and it could they could render the current ones obsolete So we'll see but but tread carefully when it comes to altcoins in a bear market. Uh, it's usually really ugly Yeah, I 100 agreed and and I mean you kind of look at a lot of the blue chips Uh, something I think that I personally look out is is for the the large strategic partnership So example mattock you saw huge adoption across the border with disney A couple other big players starting to get involved with those ecosystems. Those are going to be the ecosystems I think that that thrive In the long run and so you know kind of really do your research and dig into What the ecosystem is doing and then where they're heading if that matches up with some of your analysis and what you're seeing Uh, then always be Using that that dollar cost average method even if it's only over a month if you say, hey, I have a big chunk of money I want to get in Don't just dump it all in in one trade spread it out over a couple months a couple weeks If you are bullish about that particular project Uh, but again folks, thank you all for tuning in to the market report today This was a little bit shorter one. We don't have marcel here today, but we got our man sam Uh, so i'm going to go ahead and look into the chat and see who's going to get that one month subscription of markets pro Don't forget if you haven't dropped your twitter handle in there now First person looks like first person to do it today is going to get that subscription And you could be getting in on those 30 trades folks those 30 gainers But i'm going to give folks 10 seconds here if you don't drop your twitter handle in there Then uh, we're we're going to just go ahead and wrap it up for today But uh, we'll be back again next Tuesday. Don't forget like and subscribe coin telegraph here on youtube Every tuesday 12 p.m. Eastern and i think that's gonna do it looks like, uh, yeah folks. Thanks for coming Thanks for hanging out. That's a wrap for today. Thank you all