[applause] mndebele: when we went to zimbabwe, paul wanted to give south africans a chance to witness what we have been giving the people in europe in america all over the world. so he chose to do it in zimbabwe, and a lot of south africans came over to witness this and it was beautiful. ladies and gentlemen comrades and friends this is graceland in concert 1987. [crowd cheering] simon: she's been in political exile now for 27 years. they call her "mama africa" and "the queen of south african music." miriam makeba. [cheering and applause] ♪ joseph's face ♪ ♪ was black as night ♪ ♪ the pale yellow moon ♪ ♪ shone in his eyes ♪ ♪ his path was marked ♪ ♪ by the stars in the southern hemisphere ♪ ♪ and he walked his days under african skies ♪ ♪ this is the story of how we begin to remember ♪ [singing in zulu] ♪ this is the powerful pulsing of love in the vein ♪ [singing in zulu] ♪ after the dream of falling and calling your name out ♪ [singing in zulu] ♪ these are the roots of rhythm and the roots of rhythm remain ♪ kumalo: zimbabwe concert meant

at least you're not the country of zimbabwe. after paying worker salaries last week, the finance minister says zimbabwe has $217 left in all of its public accounts. $217. the finances are a mes in a mesf the economy went to freefall the beginning of last decade not all bad news, the economy projected to grow by 5%, but really $217? the sad thing is zimbabwe is supposedly a great place to go on vacation, it is a beautiful country, supposedly. dennis: would you rather have zimbabwe with $217 in the bank or somebody like this who borrows everything. tomorrow our fox business all-star panel as the dow pushes toward the all-time high, maybe. sandra smith, charles payne and david asman tomorrow on what is next. right here tomorrow, don't miss it. cheryl: what is in a name? an interview you don't want to miss. talking to the blackberry ceo on his struggling company changing the company's name, possibility of a buyout, don't miss that interview. dennis: and chasing 14,000 mark on the dow. and how to play safe haven like maybe silver. th

the latest victim, zimbabwe of all places. elizabeth macdonald and charles payne are here with more cash in their pockets than the entire country has in the bank in zimbabwe. it is true. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. stuart: the white house is giving a rosy picture of the gdp report. despite a drop in growth a contraction of the economy, the white house points out this is an advance report, the first before several revisions that may come later. it is putting advanced in quotes. the statement goes on to blame hurricanes and the and points out all the growth over consecutive quarters for the last 3.5 years. that is a pretty weak response to a really bad report. charles: an extraordinarily weak. here's the other thing that is interesting. eventually came out, government spending is big so people tried t

we went through a lot of the history in zimbabwe and it's been stigmatized against. it's been looked as an instrument -- they think what you're doing is demoralizing. so many people are beginning to appreciate it so much more and trying to make it popular. now it's getting more popular also. >> we know that the band name translates into one world and that you -- your music reflects that. we'll be looking for your album that drops today. we appreciate your time. congratulations to all of you. thanks again. good to have you. >> thank you. >>> baseball, not just an american pasttime. we'll take you to cuba, of course, where former major leaguer was finally allowed to return to his native land, after being banned for a decade. hear what he has to say about seeing his brother for the first time in ten years. while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200

could we follow in the footsteps of zimbabwe? it just announced they had $217 left in the bank. that is what is in their government coffers. literally. i'm not even kidding. you want to hear this. m.o. "money" straight ahead ♪ . email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today melissa: you think our economy is bad? listen to this. the african nation of zimbabwe announced after paying the latest round of government salaries they have only $217 left in the bank. seriously. remember this is the same country that was forced to print the $100 trillion bill before hyperinflation ultimately collapsed their currency. could we ever be carrying one of these around in our left pocket? i don't know. let's bring our power panel back. steve moore, "wall street journal", brian wesbury from first trust advisors and simon rosenberg from the new democra

could we follow in the footsteps of zimbabwe? it just announced they had $217 left in the bank. that is what is in their government coffers. literally. i'm not even kidding. you want to hear this. m.o. "money" straight ahead ♪ . [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and

press but i think in that situation there were definitely we had it would take a lot of dealings in zimbabwe trying to bring about democracy and then suddenly we saw what we were doing and tried to bring about democracy appear so robert mugabe could say that you sometimes you don't want a dictator is doing bad things to find out. that other people are trying to bring about democracy you know you can put lives in danger now your break was that's mean much to their friends and their children's upbringing and if we talk about. right now in the u.k. do you think that have cause because we've seen the riots take place in two thousand and eleven for our. life right now do you think their lack of motivation i think they. are not as politically minded as. they were when in the sixty's when. they should have they should have. i mean there were big demonstration of the sort of even bigger demonstrations. i think if anything the youth. are not loud not vocal enough this this generation i think that when politicians had to take take. the call to stop them doing it. was easy to start there was impossible

do you think cnn are going to send people to zimbabwe? so foreign news they do. analysis, particularly for an analysis is what they secondly do. they still do what they called enterprise journalism, which is what we would call investigatory journalism. for those of us that live in new york state, which i suspect is almost all of us, what does that mean? it means they find out things that people do not want found out. for example, 100% of the conductors on the long island rail road are getting disability. that is a pretty high percentage. we have about 28 or 30 people here, this is ridiculous. but they did, they found out there were some doctors and insurance companies that were rigging this, they followed them around, found them on the tennis courts, running marathons and triathlon's. these were not the most disabled people. this is something that "the times" will do. they will assign three or four people to a story. i was interviewed these people as late as 2010. they have not stopped that. they are willing to do that, no other paper is willing to do that. that

press but i think in that situation there were definitely we had it would take a lot of dealings in zimbabwe trying to bring about democracy and then suddenly we saw what we were doing and tried to bring about democracy appear so robert mugabe could say that you sometimes you don't want a dictator is is being doing bad things to find out. that other people are trying to bring about democracy you know you can put lives in danger now your. that's me much their friends and their children's upbringing and if we talk about. right now in the u.k. do you think that have cause because we've seen the riots take place in two thousand and eleven for our. life right now do you think their lack of motivation i think they. are not as politically minded as. they were when in the sixty's when. they should have they should have stopped the iraq war i mean there were big demonstration of the sort of even bigger demonstrations. i think if anything the youth. are not not not vocal enough in this this generation i think that when politicians had to take take countries to war we call to stop them doing it. was ea

mugabe who was then president of zimbabwe and is still president of zimbabwe that he'd used all his time up. and he wasn't very happy with that. and because of that, i was able to do that, our secretary of commerce, ron brown, asked me if i would chair at the 50th anniversary of the united nations the africa lunch which the u.s. was doing at that time. which i did. he said if you can do that, then you can take care of anything else, bill. so, i mean, there have been a lot of people. you mentioned secretaries of treasuries here in the united states, certainly the various heads of the fed and central bankers i think worldwide. i think one of the things that we need to see more of getting to the point that i know you wanted me to talk about is we need the leadership. and we haven't seen the tough leadership in europe that we need to see to get out of crises. we were very lucky in the case of the latin american debt crisis that we had paul volcker at the fed, and we had jacques dela rosier at the international monetary fund. and, you know, because the world -- people forget now, it was so lo

i just came back from mozambique in south africa and zimbabwe, and you see this vibrant growth in the emerging markets which people are really underexposed to, so we think this coming year, the growth is going to come from those engines, and you really want to participate that way. >> my apologize. fixed income as it relates to the emerging markets. >> yeah. >> so is that the way to partake in what's going on in places like africa? i agree. i'm hearing so much excitement around africa and getting in on the growth story that's really developing there. you want to do it through corporate bonds and fixed income. tell us how. >> the best way to do it is two ways. one, you can own emerging market funds, and the second, or efts, and the second that's really interesting is to own the consumer brand. in zimbabwe, and you see them buying cokes and want to get mcdonald's and kentucky fried chicken, brands that to us are low level, but to them are aspirational brands. you'll get growth and a really nice dividend, and if you're going to get yield that's when you think we'll get it and there will

there was a very fierce playwright larry kramer was a real leader in this conversation and then in zimbabwe and in uganda in congo there were singers who are leaders in this conversations and in other places or political leaders people who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is it's just long as one person carries in his her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to youtube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the hom

mole gabi, who was then president of zimbabwe and as the president of zimbabwe that he used all his time. he wasn't very happy with that. because of that i was able to do that our secretary of commerce ron brown asked me if i would cheer at the 50th anniversary in admissions the africa lunch that the us was getting at that time, which it did because he said look, if you can do that, then you can take everything else. so i mean, that lot of people. you mentioned secretaries of treasury here in the united states. certainly the very sense of the fed and central bankers i think worldwide. i think one of the things we need to see more of getting to the point that a now he wanted me to talk about was unique leadership. and we haven't seen the tough leadership in europe that we need to see to get out of crisis. we were very lucky in the case of the latin american debt crisis, that we had paul volcker at the fed and web -- two of the most outstanding people, public sector people i've ever known. the world people forget now, it's a long ago, the early '80s was about to go under. in fact, they com

was there were the paraphrased quite right larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who are leaders in this conversations and in other places or political leaders people who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is it's just long as i don't personally care as an as her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be this cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to youtube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside

and the purveyor of here is quite right larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who are leaders in this conversations and other places or political leaders people who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is as long as i don't personally care as in his her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to you tube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the home

was there were the very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who were leaders in the conversations and in other places or political leaders who didn't maybe could be almost anybody right maybe still somebody has to stand up and take this on it doesn't matter who it is it's just long as i don't personally care is in his her system. kelly and i think what's going to eventually happen as far as an opportunity is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to you tube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the h

there would have been very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who were leaders in this conversations and other places or political leaders who didn't maybe could be almost anybody right maybe somebody has to stand up and take this on it doesn't matter who it is it's just long as one person cares and as her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be this cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to youtube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the homes and through

response there were the very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who are leaders in this conversations and other places are political leaders who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is as long as one person cares in his her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to you tube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the homes and throughout

response there were the very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who are leaders in this conversations and other places or political leaders who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is as long as i don't personally care as an as her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to youtube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe. the conversation must be taken to the schools inside the homes and th

there would have been very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who were leaders in the conversations and in other places or political leaders who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is as long as i don't personally care as an as her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to you tube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the homes and

southern parts of africa heavy rain across angola extending across zimbabwe and in toward mozambique heavy downpours. but it looks fine from madagascar, highs of 25. >> top stories on al jazeera. a co-founder of the kurdish separatist movement pkk found dead of gunshot wounds in paris. killed inside the kurdish institute. a sri lanka in maid was beheaded in saudi arabia after being convicted of killing a baby in her care. her parents and the shirlington government had repeatedly appealed. opposition groups and coalition -- peace talks in gabon stall when rebels demanded the president stepped down. a protest government rally is expected in venezuela later after the supreme court ruled the inauguration of hugo chavez could be postponed. the delay is necessary because the president is recovering from cancer surgery in cuba. but opposition has condemned the ruling and wants to know just how sick chavez is. from caracas -- >> a highly anticipated announcement, reaffirming the venezuela government position. >> of january 10 a new constitution period begins, a new swearing-in ceremony is no

there would have been very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who were leaders in this conversations and in other places or political leaders who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is as long as i don't personally care as an as her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to youtube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the homes and

that was there was a very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who are leaders in this conversations and in other places or political leaders people who didn't maybe could be almost anybody right maybe somebody needs to stand up and take this on it doesn't matter who it is it's just long as i don't personally care is in his her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to you tube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside

response there were the very fierce playwright larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who were leaders in this conversations and other places or political leaders who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is it's just long as that person carries in his her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even younger ones as people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to youtube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the homes and thr

there were the can verify is quite right larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who are leaders in this conversations and in other places or political leaders who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is as long as one person cares in his or her system. kelly and i think what's going to eventually happen as far as in our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be the cell phone ok because as they see things put the video you know because now cell phones you could upload photos directly to you tube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the homes and throu

was there was a pair of ears quite right larry kramer was a real leader in this conversation and in zimbabwe and in uganda in congo there were singers who were leaders in his conversations and in other places or political leaders who didn't maybe could be almost anybody can write maybe somebody has to stand up and take this on it doesn't matter who it is it's just long as i don't personally care as in his her system. kelly and i think what's going to eventually happen as far as our community is that we need to start letting young people and even young people just people in general understand the power of their voice because eventually was going to happen is that. the new media is going to be this cell phone ok because as they see things put the video because now cell phones you could upload photos directly to youtube all these different things is that now they have the power to tell the story. as more people living with hiv step forward to tell their stories we will no longer be able to ignore them and pretend we are safe the conversation must be taken to the schools inside the homes and thr

printing money which is the gideon going to which is you remember was the head of the central bank of zimbabwe effectively people just stop using the currency they moved to other things whether it's to precious metals or to no alternative currency and basically this game with the platinum coin is just meaningless at the end of the day you've got to meet that money is just a means to an end it's a claim on real goods and services you go to be able to eat you've got to be able to buy things and debasing currency debasing trust does not in any shape or form get you further down the path to financial sound but human beings are capable of infinite delusion you and i both know that it will delude ourselves with just a little bit longer right it's also schizo frantic because the same people who are talking about platinum based monetary theory hate goal so of course out of the square that circle now let's move on it's almost been six years since the global financial crisis began there's a new swap clearinghouse and new tier one capital ratios will any of this help and what has yet to be addressed befo

that one of the last three or four resistant and independent african nations the others being eritrea zimbabwe and bashar as a gun like i said financial times is accused resource nationalism exactly the same thing but it's a libya just one year when you look when nato went in so all all everyone should be on red alert bridgeland in terms of what nato is planning on algeria and what is coming to algeria and they will not leave algeria alone until they are divided and destroyed and even. leaders are saying this thanks for your thoughts under their activists and journalists rather time but thank you for being on the program which preceded well ok as we heard some analysts suggesting africa's untapped natural resources could be the main reason attracting western powers to the continent's also being cited as a pretext for the intervention in mali we've been talking about this week despite the country being considered among the world's poorest nations it has plenty to offer when it comes to wealth that lies beneath let's take a look at the screen take a look at it the african nation is the continent

printing money which is the gideon going to which is you remember was the head of the central bank of zimbabwe effectively people just stop using the currency they moved to other things whether it's to precious metals or to no alternative currency and basically this game with the platinum coin is just meaningless at the end of the day you've got to meet that money is just a means to an end it's a claim on real goods and services you've got to be able to eat you've got to be able to buy things and debasing currency debasing trust does not in any shape or form get you further down the path to financial sound but human beings are capable of infinite delusion you and i both know that it will delude ourselves for just a little bit longer right it's also schizo frantic because the same people who are talking about platinum based monetary theory hate goal so of course how do they square that circle now let's move on it's almost been six years since the global financial crisis began there's a new swaps clearinghouse and new tier one capital ratios will any of this help and what has yet to be addressed

printing money which is the gideon going to which is you remember it was the head of the central bank of zimbabwe effectively people just stop using the currency they moved to other things whether it's to precious metals or to no alternative currency and basically this game with the platinum coin is just meaningless at the end of the day you've got to meet that money is just a means to an end it's a claim on real goods and services you got to be able to eat you've got to be able to buy things and debasing currency debasing trust does not in any shape or form get you further down the path to financial sound but human beings are capable of infinite delusion you and i both know that it will delude ourselves for just a little bit longer right it's also schizo frantic because the same people who are talking about platinum based monetary theory hate goal so of course how do they square that circle now let's move on it's almost been six years since the global financial crisis began there's a new swap clearinghouse and new tier one capital ratios will any of this help and what has yet to be addressed bef

printing money which is the gideon going to which as you remember was the head of the central bank of zimbabwe effectively people just stop using the currency they moved to other things whether it's to precious metals or to no alternative currency and basically this game with the platinum coin is just meaningless at the end of the day you've got to meet that money is just a means to an end it's a claim on real goods and services you go to be able to eat you've got to be able to buy things and debasing currency debasing trust does not in any shape or form get you further down the path to financial sound but human beings are capable of infinite delusion you and i both know that it will delude ourselves for just a little bit longer right it's also schizo frantic because the same people who are talking about platinum based monetary theory hate goal so of course out of the square that circle now let's move on it's almost been six years since the global financial crisis began there's a new swaps clearinghouse and new tier one capital ratios will any of this help and what has yet to be addressed befo

printing money which is the gideon going to which is you remember was the head of the central bank of zimbabwe effectively people just stop using the currency they moved to other things whether it's to precious metals or to no alternative currency and basically this game with the platinum coin is just meaningless at the end of the day you've got to meet that money is just a means to an end it's a claim on real goods and services you've got to be able to eat you've got to be able to buy things and debasing currency debasing trust does not in any shape or form get you further down the path to financial sound but human beings are capable of infinite delusion you and i both know that it will delude ourselves for just a little bit longer right it's also schizo frantic because the same people who are talking about platinum based monetary theory hate goal so of course how do they square that circle now let's move on and it's almost been six years since the global financial crisis began there's a new swap clearinghouse and new tier one capital ratios will any of this help and what has yet to be addres

printing money which is the gideon going to which as you remember was the head of the central bank of zimbabwe effectively people just stop using the currency they moved to other things whether it's to precious metals or to no alternative currency and basically this game with the platinum coin is just meaningless at the end of the day you've got to meet that money is just a means to an end it's a claim on real goods and services you've got to be able to eat you've got to be able to buy things and debasing currency debasing trust does not in any shape or form get you further down the path to financial sound but human beings are capable of infinite delusion you and i both know that it will delude ourselves for just a little bit longer right it's also schizo frantic because the same people who are talking about platinum based monetary theory hate goal so of course how do they square that circle now let's move on it's almost been six years since the global financial crisis began there's a new swap clearinghouse and new tier one capital ratios will any of this help and what has yet to be addressed

the country of zimbabwe and has $217 to its name. know what it's like to be tight on finances. ellen braitman reporting for abc 7 news. day.a great thank you. >> all right. 5:57, temperature dropping down 48. >> george zimmerman, a new developments. >> george zimmerman, a new develat ikea, we don't just design furniture. we design good mornings. little experiments. big ideas. brighter ways. and better tomorrows you can take home today. imagine if everyday was just a little bit better for everyone.

i really want zebra, but i can't get them right now because i need to get zebra from zimbabwe, and the political problems in that country, you just can't get something out of there. >> carr's brought in scientists to make sure he's importing the right species and to better understand the animals he already has. they've been tracking this gorongosa elephant herd with radio collars, and we went on a mission to replace a collar that had a dead battery. dr. cobus raath has come from south africa to help in the operation. first he prepares the tranquilizer. and how long will the elephant be out? >> we'll have 40 minutes, at least, before she starts to wake up. >> is that all you need? >> yeah, in a normal operation, that's more than enough to change a collar. >> raath flies in and fires the dart. then it's a matter of waiting until the dose knocks her out. while they wait, they drive off her calf so they won't have to knock it out too. the ground crew moves in, taking off the old collar, getting blood samples. understanding the health of these elephants will help ensure the success of a her

michelle and i were saying, this reminds us of zimbabwe. wouldn't this cause run away inflation? >> that's what people usually say, but it's important to make a distinction. in countries that see hyperinflation due to massive creation of currency. usually the issue is the government is running out of money because they're in economic trouble and they dump a lot of money directly into the economic system and each unit of money is going to be worth a lot less. in this case, you'd be putting it at the federal reserve, in a controlled manner, not into the economy. the feds could sell part of their bond portfolio so that as the feds spent money against that, the fed could suck that in reverse quantitative easing. the key thing, it's a solution to a legal problem. the debt ceiling is a bad law, fortunatelily hay lwe have this loophole to address it. >> sounds incredibly destabilizing, the value of the currency, to know that one person has this ability to adjust the size of the money supply instantaneously i think is pretty negative. >> it doesn't address the size of the money supply ne

more than the total gdp of afghanistan, cambodia, zimbabwe combined. that's just the loss. i'm trying to sound over the top on this. i'm trying to help get our heads around the size of apple. netflix this morning is higher after unexpectedly good financial reports. we talk about netflix and apple and put them in the same sentence. they are both silicon valley companies after all. apple is worth $470 billion. netflix about 7. that's the difference between an asteroid and jupiter. >> this thing and this thing. >> i like that illustration. >> apple expected to stay on top. >> apple will stay on top. exxon mobile is the second largest company in the world as far as publicly traded companies and there's about a $30 billion difference still so something amazing would have to happen to exxon today for it to jump up and crossover apple. not impossible that they would swap places. >> some investors are disappointed in apple but it's a case of not what have you done for me lately but what will you do for me next? >> what have you done for me in the last five seconds. they are looking

we have businesses in namibia, mumbai and zimbabwe. he think it has enormous potential. as more and more south african clients do best in the rest of africa, clearly we refer them to echo bank and we've been able to provide them with some support for their growth ambitions and have the option to acquire 20%. >> are you getting a sense from international times, as well, for those looking to invest in africa that the one thing -- the three parts of the thing -- there's always been resource. the one thing is governance. do you get a sense how people think that is changing for the better? >> yeah, definitely. on average, it's changing for the better across the south african continent and people are much more positive around that. clearly, resources has always been there. but what you're starting to see emerge are the african infrastructure story and the emerging middle class story. >> yeah. you see, the middle class is interesting. the bank, middle class is what you need to exploit. how big a part does mobile banking play, is going to play in that? >> in enormously large par

. >>> the government of zimbabwe says it has own $217 left in the national treasury. this is after paying public workers last week. the government says it will ask the international community for financial assistance. opposition parties accuse the government of misusing hundreds of millions of dollars in revenue from the country's diamond sales. >>> new this morning, syria and iran are threatening to retaliate against israel for a rare israeli air strike inside syria. u.s. officials say israel is targeting a weapons convoy when it launched the air strike. the convey was believed to be the anti-weapons headed to hezbollah militants. the concern, that would allow the militant to shoot down israeli airplanes. syria said the israeli air strikes hit a military research facility. >>> "the new york times" now revealing for the last four months its computer system has been attacked by chinese hackers. "the times" says the hackers probably got in with passwords for the reporters and other employees. the attack started after publishing a story about relatives of china's prime m

and so for me, i grew up in zimbabwe in a very stressful environment and so my primary driver is fear. my urge is to protect. when i make decisions, my first thought is, how do i protect myself, that is the overwhelm g overwhelmingly largest segment of society driven by fear. next is happiness. next is commitment the reason we wrote the book, people do not think about their emotions. when they make the same mistakes over and over it's because emotions are making a decision when it comes to money. >> i want viewers to go to the website here. this is the quiz to determine your money mind. it is mymoneycode.com here. >> this has to go to honest conversations. >> fascinating. >> honest conversations with an "s." our team took it, most of the team spend money and save money and motivation is fear just like you said. i took the quiz, as well. and the results were 43% fear, 43% happiness. that's how i determined how i spend or how i save. what is that saying. >> a balanced approach. what it says is that you -- that you're very -- it's very unusual, by the way. >> really? >> overwhelmingly, 8

for instance, in zimbabwe or even in kenya. so when you consider all this, i think more need to be done for preparedness and for early action. unfortunately the question is why is it the information on early, early warning, i think it's because first, drought is not a kind of charismatic disaster. it's not like tsunami or earthquake. it has little subterranean impact. second, we're experiencing more frequent drought. we are reluctant to take action on early warning because maybe they're concerned about taking action and being found wrong. so uncertainty is something that scientists alike. i think my third point also might be that one might say why should we act so early? we may undermine the capacity of committee. so when you put all these together, you may have some reasons why early warning is not leading to early action. >> thanks for the question. this issue crosses pretty much everything we are going to hear. why you said that information about the future is not the thing that makes us act? and so this is really critical.

. >> i keep some zimbabwe trillion dollar notes in my purse just in case. >> i won one on a golf course. it was worth 17.5 cents. i think. we're going to talk to you about the yen in a second. let me start with barry. erda described it like this, at the beginning of the year, the fiscal cliff gave us that bump. when it was at least kicked -- the can was kicked down the road. so on the dow, then the market sort of took a step back. but yesterday the claims number, and housing starts and some other things are starting to make it look like maybe the economy is justifying higher stock prices. is it? >> no, i think your observation is correct. i mean, clearly the most bullish case out there for the u.s. economy in 2013 is related to the housing market. and then all of the externalities that get created from that. so for example, housing related construction is down 2.3 million jobs peak to trough. we've only gotten 100,000 of those back. so if this year single family starts were to pick up, and you start getting construction employment related to that, that would give you another boost in te

this is a $100 trillion zimbabwe bill. look, we got to get real. we've got real fiscal problems, tax and spending, we've got real monetary problems -- my view is -- >> -- may view is we ought to eliminate the debt ceiling. we ought to substitute statutory budget controls and a debt-to-gdp -- >> david, it gives the minority a chance to come back and get their way in a way that they couldn't get in the normal political process. >> it is more of a political issue. we should -- but they should use, in my view, they should use the sequester and the cr as leverage, because spending is the primary problem, and this last bill was an "f" on smending reductions. >> okay. >> i just want to go on to the next thing, which is information i have is that he will be at treasury through january 25th, and then -- >> why do you say whither geithner? >> is that not whither? >> i thought like withered on the vine. >> no. >> it has an "h" in it. >> the way you said it. >> whither. >> so he stays at treasury. then he's going to take like six months off and maybe go to a t

zimbabwe's finance minister revealed yesterday during a press conference that his country that is only $217 left in the government treasury. oh man. and today president obama says stop bragging. says stop bragging. [laughter] [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. and the active ingredient relieves your cough. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >> the obama administ

like that, you would expect a greater concern for democracy, human rights, especially in places like zimbabwe or burma. you haven't seen those countries step up and take a leadership role even diplomatically. i think they see themselves not so much as leaders of the democratic world, which they are in the form more leaders of developing or emerging colonies. [inaudible] the democratic values that we share. is there a way we can encourage those companies to play a greater role and see results more as a part of the democratic powers and sharing common democratic values and putting that as a higher priority in their own policy? >> the short answer would be yes. i think, you know, all of those countries that you listed, and more, certainly in terms of their economic capacity compared to some of the smaller democracies, particularly some in the americas, some that have a long history of embracing democratic values, but wouldn't have the bankroll, if you will, to participate in international mission either militarily or on the development site. again, i keep using afghanistan as a touchstone, but t

the fact there were no votes against not even zimbabwe this time is really an improvement. it was, i wanted whether in terms of getting an effective treaty and maximum agreement where you think the pinge points are? initially the united states was put in the frame by the arms scroll based there u.s. domestic politics, president obama did not want to further alienate the powerful domestic public ownership lobby, gun ownership lobby prior to the election. that was a problem. we had a terrible tragedy this weekend seems to have changed opinion in the states. first of all do you think, terrible thing to say, have a positive effect on actually getting agreement from the united states? but secondly, and you mentioned other armed export countries you want on board, to what extent is it countries like russia and china actually will determine how effective a treaty is if it is finally agreed by consensus? >> to the last comment, the treaty that involves those countries that sign and ratify it will be dramatically more effective. russia is a major arms exporter as is the united state

that's a very positive thing, secretary of state, the fact that there were no votes against, not even zimbabwe this time is, of course, an improvement. but i just wondered whether in terms of getting both an effective treaty and the maximum agreement where you think the pinch points are. initially, the united states was put in the frame by the arms control -- [inaudible] base there using the argument of u.s. domestic politics. president obama did not further want to alienate the domestic public ownership lobby prior to the election. that was a problem. well, they've had a terrible tragedy this weekend that seems to have changed opinion in the states. first of all, do you think that might actually -- it's a terrible thing to say in a way -- have a positive effect on actually getting agreement from the united states? but secondly, and you mentioned other arms export countries that you want onboard, to what extent is it countries like russia and china that actually will determine how effective the treaty is if it's finally agreed by consensus? >> well, to the last question, there are treaties tha