Tony Robbins on the Economy!

Posted: August 19, 2010 in Current Events, Economic Views, Financial Survival

This is an interesting clip by Tony Robbins.  Tony discusses where the economy is likely going and putting yourself in the mindset to succeed.  Tony emphasizes our economy is likely to get much worse but with the right mindset along with the ability to anticipate you can make money.  I agree with Tony. 

Let’s discuss a few examples.  If you believe the market is going lower you may want to buy DOG or SH.  These two ETF’s short the DOW and S&P.  If you believe the US Dollar is doomed to fail you can purchase the UDN or physical gold and silver.  If you believe US Treasuries are a bubble and no one in their right mind will want to hold 30 Year Treasuries you many want to buy TBF, TBT or physical gold.  If you believe there is a high probability US or Isreal will attack Iran you may want to buy USL, USO or physical gold.  If you believe there is a massive fraud in gold and silver from bullion banks naked short selling you could buy physical gold and silver.  If you believe there will be a global food shortage and food inflation will run rapid you can look at MOO, DBA, CORN, MON and POT.  The agriculture names have been on fire so you may want to wait for a pull back. 

Although we are likely going into a depression those who have the ability to anticipate and think outside of the box will have multiple opportunities to make money.  Good luck!  

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