Night Talk: Interview With Robert Kiyosaki (part 1)

Author of 'Increase Your Financial IQ' ,
Robert Kiyosaki : The US is a subprime Nation , we never had such a wide gap between the rich and everybody else and throughout history every time that happens that's when different people come to power , Mao Tse Tung , Adolf Hitler , Milosevic ...,this is the biggest change in economic history of the world right now , it's the end on the industrial age and the beginning of the information age , it is the end of the American empire and the beginning of the Chinese empire ...... really the financial problems we are facing today begun in 1971 when Richard Nixon took us out of the gold standard ...every time we come out of the gold standard , the Romans did it the Greek did it the french did it the Germans did it the English the Japanese the Chinese have done it ..they create economic volatility in the market , so that's why we have these booms and busts that'swhy we have these rich guys making 300 million a year and the average wages in America actually going down ...technically The US is a subprime Nation

U.S. Stocks Decline as S&P 500 Drops for Second Week

Aug. 19 (Bloomberg) -- Bloomberg's Courtney Donohoe reports on the performance of the U.S. equity market today. Stocks fell, extending a second straight weekly decline for the Standard & Poor’s 500 Index, as a drop in commodities pulled oil and metals producers down amid concern the economic rebound may be flagging. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)