December 7th, 2013
09:11 PM ET
On GPS Sunday: Mandela's legacy, and Alan Greenspan on the U.S. economy
Watch "Fareed Zakaria GPS," Sundays at 10 a.m. and 1 p.m. ET on CNN
On GPS this Sunday: A special live show, looking at the life and legacy of the late Nelson Mandela, including Fareed’s take on Mandela’s political genius.
Also on the show: Former Federal Reserve Board Chairman Alan Greenspan discusses the state of the U.S. economy, and former National Security Advisor Tom Donilon talks Iran’s nuclear program and the future of Afghanistan.
And at 7 p.m. ET, a GPS prime time special: ‘Global Lessons on Guns’ explores what other countries have been doing to tackle gun crime, and considers whether there might be some lessons for the United States.
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Today's last look: the paltry returns of Brexit, which may amount to a tax break on draft beer https://t.co/3O6PwbHNNr
Upset has turned to outrage, after French Pres. Macron's gov't forced through a rise in the retirement age.
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What caused this banking crisis?
On today's GPS, I talked with the @FinancialTimes’ US editor at large, author &twitter.com/i/web/status/1…qSl6
What's the future of banking, given the crisis that has unfolded this month? Is the system stable? And will this crâ€twitter.com/i/web/status/1…Dw
America's new banking crisis: What's different this time? And has it been contained?
From today's GPS: part 1 of mâ€twitter.com/i/web/status/1…HW
On Mandela, I think the prime lesson learnt is the art of forgiveness. He forgave those that turned him into a rebel and later prisoner. Africa needs to tap into this so that our leaders would develop the will to forgive political foes and stop desiring to be life-long leaders.
Yeah, kinda like our career politicians in Washington.
I'd like to see reports of South African cultural advances that are a legacy of Mandela's activism.
Some of my pupils have sung roles with the vital opera company in Capetown, and they returned to New York with stories of young people with beautiful voices and sincere interest in classical music.
Sadly JIF, a large swath of the populace are not interested in hearing or learning about any of the good that has risen out of a bad situation.
The greatest polical and military strategists of all time have always taught us that,the very day you hold your ennemy or your contender in a situation of weakness, never miss this opportunity to achieve him for good!
Mandela transformed the equation of success in this terms: when you hold your ennemy or your contender in a situation of weakness, instead of striking the fatal blow, how to offer him an opportunity to be part of a collective success that make him keep his dignity, a collective success that recalls him thatone must always seize the opportunity to make amends of his past crimes.By inventing the lever, the physicist taught us that if you want to move a mountain you don't need an engine as big as as that mountain.You just need strategy! Mandela implement PARDON as a genuine political lever. And among various polical , military and even social leaders of all times, that's where he sets himself apart!
The greatest polical and military strategists of all time have always taught us that,the very day you hold your ennemy or your contender in a situation of weakness, never miss this opportunity to finish off the job for good!
Mandela transformed the equation of success in this terms: when you hold your ennemy or your contender in a situation of weakness, instead of striking the fatal blow, how to offer him an opportunity to be part of a collective success that make him keep his dignity, a collective success that recalls him that one must always seize the opportunity to make amends of his past crimes.By inventing the lever, the physicist taught us that if you want to move a mountain you don't need an engine as big as as that mountain.You just need strategy! Mandela has implemented FORGIVENESS as a genuine political lever. And among various polical , military and even social leaders of all times, that's where he sets himself apart!
What Mr. Greenspan was referring to in the conversation was the fact that the Money Multiplier is the lowest in about 100 years. Why is it worrying him was not that clear, but I will clarify it for you. I am not an economist or a banker , but I read tea leaves and consult Conspiracy Theorists and they seem to know what is going on.
So here it is in the nutshell : profits from lending are minimal so our "banking heroes-the best and the brightest " are in financial market speculation creating more risks – it is something to worry about. Mr. Greenspan is right.
You can never go wrong by consulting with the conspiracy theorists. These are some of the best informed individuals I have ever had the pleasure to deal with.
You mean worries about minor stuff like losing reserve currency status, the devaluation of the greenback, and maybe the effects from about a quadrillion dollars in swaps and derivatives if the market suddenly turned the wrong way,?
Yes, RZ, he is worried about the banks , not you and me. The Federal Reserve was created for the total control of the banks , a cartel. Now they have a lot of toxic assets, gambling so people may start screaming about ending the Fed-that is what he is worried about. Since the banks and corporations own the media and the government it may not be an easy job to make a change.
rightospeak, I hope we can all take advantage of what appears to be a relative calm spell going forward all the way through January. So seasons greetings and a happy new year to you and yours, and everyone else. After that, I'm not too sure what's in the tea leaves , especially March, which worries me a bit too.
The current state for the U.S. economy: No.1: US imports unnecessary lots, but does not export enough; No.2: USA needs to block Democrats, because they destroyed and mismananged many important industrial US cities; No.3: USA needs to hold strong within the NATO alliance, to avoid instability; No.4: Unbalanced trade, especially with non-alliance countries, would mean financial risks and unsecurities; No.5: NATO alliance is the most important and largest market for US corporations;
Right on Mickey, Unfortunately the world, America included has not come out of the Stone Age yet. The world is a mess and it's going to get messier. Our leadership is irresponsible and inapt, what can we expect. We grow only when we are honest, respect others and take responsibility for our actions. I believe humanity is taking a downturn not heading for the greatness I thought we would achieve in the future. Good luck to our future generations !