**TONY ROBBINS ALERT** SENDS OUT SPECIAL ECONOMIC WARNING VIDEO

That guy does not sound qualified to be discussing economics.

Go here if you want to know what's going on: [link to www.zerohedge.com]

He is as qualified as anyone else to comment on the economic conditions of the country, or would you rather he have an economics degree from Yale, or Harvard?

I guess you didn't see the video.

Last Edited by TonyTouch on 08/23/2010 10:36 AM

The Tony Robbins videos (1 message in 2 parts) were good.

The statistics Robbins quoted were the best part of his message.

The U.S. has lost 8 MILLION jobs since the financial meltdown in the fall of 2008.

Unemployment for those earning $150,000 or more is only 3%.

Unemployment for average wage earners is around 9%.

But unemployment for the bottom 20% of wage earners is at 35%.

That means one out of every low wage earner is out of work.

Robbins pointed out that the Fed Chairman, Ben Bernanke, has recently stated that this is the worst national unemployment situation since the Great Depression.

Robbins also said that interest rates for mortgages are the lowest they've been in a century and still the demand for new mortgages continues to decline.

That coupled with the fact that the interest rate for borrowing money is at a record low and the demand for credit is the lowest its been in 60 years (only one other time in 60 years - right after 9-11 happened - has this demand fr credut also been this low).

The reason there is such a low demand for credit is because; (a) there is a lack of consumer confidence in this jobless "recovery" and (b) individuals feel it is best for their future to cut back on personal spending and pay down what debts they owe. It's not that the banks aren't lending, it's that there is little to no demand for the loans the banks are offering. This is putting a great deal of pressure on banks. They can't get profit from loan interest so they are having to try and stay afloat from a process called securitization (investing in securities?). Thus, this would be expected to lead to more banks failing.

The housing crisis continues to deepen. Even at record low interest rates on mortgages, people are not buying homes. Foreclosures will continue to increase because right now banks have taken over properties but are stalling on completely foreclosing so as not to dampen the real eastate prices even further. At some point, though, soon even these properties will complete foreclosure. This will hurt the real estate market even further and it will happen at somewhat the same time. The expiration of the home buyer credit is allowing the real estate market to naturally slow again.

Baby boomers are approaching retirement or retiring and, thus, they are curtailing their spending. Our national economy is 70% based on consumer spending and the 78 MILLION baby boomers are cutting back their spending to a large extent. Thus, the economy will continue to contract and this trend will only become worse as more and more baby boomers reach retirement age.

Robbins also pointed out that the Fed Chairman, Ben Bernanke, has also stated recently that the economic future of the country is uncertain. That means that Bernanke is not sure what is in the country's immediate economic future because the recovery is a "jobless" recovery.

Do not leave any wealth you have "exposed" by investing in the current stock market. If you do remain invested, you must think hard about what kind of stocks would have their worth increase in a major economic depression, for example food stocks and/or commodities perhaps.

I listened along..made sense. And, KNOWING that Mr. Robbins is a MASTER MARKETER, I would imagine that this "warning" is a precursor to setting up some $2500 "get educated" kind of program he's going to sell to his followers.

Yes, cynical.

But you know how he mentioned at the end of the video he's hopping a plane to Fiji? It's because of a "business interest" there designed to bilk thousands of dollars out of AMERICANS. SPECIFICALLY Americans. It plays upon people's ignorance and superstition.

He snooped his nose in something that was once a beautiful, spiritual thing that transformed the lives of many.

for a fresh perspective on our current national economic situation and outlook

I'm not sure whether or not to believe anything that guy says. He basically said in the past that world leaders couldn't do without his help. He's freakishly tall, too. Like around 7 feet.

I did see the video, and he sounds like he only has a very vague understanding of the statistics he's spouting. He's a motivational speaker, not an economics expert. Listen to him if you want to feel better about yourself, not for accurate economic guidance.

1-year off...

get ready...

The only reason I might listen to him, is because he knows people that have power and would be in the know.