Jon Stewart on the current political climate; Xi Jinping's visit to Russia; the Fed's dilemma
Fareed Zakaria GPS
CNN
4.2 • 3.1K Ratings
🗓️ 26 March 2023
⏱️ 41 minutes
🧾️ Download transcript
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| 0:00.0 | This is GPS, the Global Public Square. Welcome to all of you in the United States and around the world. |
| 0:08.0 | I'm Farid Zakaria coming to you from New York. |
| 0:13.0 | Today on the program, a rare conversation with the great John Stuart. |
| 0:18.0 | Farid, we either have the rule of law or we have no rule of law. |
| 0:22.0 | I will ask him about American politics, the economy, the wider world, |
| 0:26.0 | who knows where else we will go. |
| 0:29.0 | You want to be upset about real things, but isn't that what drives comedy or art or anything? |
| 0:35.0 | And the big meeting in Moscow. |
| 0:39.0 | Xi Jinping traveled to Russia this week for three days of meetings with Vladimir Putin. |
| 0:46.0 | We know why Russia wants this, but what does China have to gain from this massive show of support? |
| 0:52.0 | We will explore. |
| 0:57.0 | Also, the crisis continues as the ripple effects from the collapse of Silicon Valley, bank and others continue. |
| 1:05.0 | What can we learn from past bank bailouts and crises? |
| 1:09.0 | I will ask the historian Neil Ferguson. |
| 1:14.0 | But first, here's my take. |
| 1:17.0 | The most interesting outcome of the three-day summit between Vladimir Putin and Xi Jinping got limited media attention. |
| 1:25.0 | Describing their talks, Putin said, we are in favor of using the Chinese yuan for settlements between Russia and the countries of Asia, Africa and Latin America. |
| 1:36.0 | So, the world's second largest economy and its largest energy exporter are together actively trying to dent the dollar's dominance as the anchor of the international financial system. |
| 1:50.0 | Will they succeed? |
| 1:52.0 | The dollar is America's last surviving superpower. |
| 1:56.0 | It gives Washington an unrivaled economic and political muscle. |
| 2:00.0 | It can slap sanctions on countries unilaterally, which frees that country out of large parts of the world economy. |
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