Summary: Crisis and Opportunity Dominique Grubisa, Australia’s Top Debt Expert, explores crisis and opportunity. Dominique gives us a run down of the GFC and what is happening in the world around us and shows us how in Australia, we are at the tipping point, in the world of opportunity. JFK once pointed out that the Chinese character for crisis is made up of two separate characters. One signifies danger, and the other signifies opportunity. So, JFK said “In a crisis, be aware of the danger, but don’t miss the opportunity.”” Right now, we have just come through a crisis. The Global Financial Crisis – the biggest financial meltdown ever since the Great Depression. Lives have been changed. Fortunes have been won and lost. But, it’s not over yet. We’re still having all sorts of after-shocks and the initial cause, the damage, hasn’t been cleared away. So, we’re tethering on a knife’s edge at the moment. And you may have seen this often in the news, with talk about the European PIGS: Portugal, Italy, (Ireland), Greece, and Spain – Insolvent European countries. And, right now, at the moment, Cyprus is having a crisis. Cyprus – little country near Greece, is technically bankrupt and, it needs a bailout from the rest of the European Economic Community. The only problem is the terms of the bailout are that the Cypriots raise money. And, one of the proposals to do this was to take ten percent from every bank account. Every deposit in the banks, over €20,000 (Twenty Thousand Euros) they were going to take a blanket ten percent off the top and use that to bail themselves out. Now, that’s gone through the Parliament and being rejected. But, you can see we are living in crazy times – times of crisis. Who knows what’s going to happen to Cyprus? Its’ banks are closed at the moment. Not due to open next week… because the government have said, “have to keep everything closed, if we open the banks there will be a run on the banks. People will want a withdrawal on their money and the banks will seize and collapse – and that will resound throughout the whole world. So what they’ve done is by law, they’ve mandated that the banks stay closed. They are not trading, they are just sitting. And so, I want you to be aware that anything could happen. The rules are all topsy turvy at the moment. So remember two things….. crisis means danger and opportunity. There’s massive danger. Guard against your downside. Make sure you’re in control and then a change of laws just like that won’t wipe you out or take ten percent off your bank account. Secondly, look for opportunity. Many of you are into buying distressed real estate and I’m going to be showing you how at a workshop coming up this year. Now, if you’re going to be doing that, and you’re interested in taking advantage of the massive opportunities that are around at this time, because of the crisis and because of the change, then what I want you to do is over Easter, if you get the chance, watch a few movies for me because that will really give you an idea of history in the making. We’re living through history now. First movie to have a look at is called Inside Job a 2010 documentary. Get it at your local video store or online. Second one to have a look at is Too Big to Fail. All about the GFC and who caused it and how it happened. If you know that history, you’ll see what we’re living through and you’ll see the opportunity. And the last one is called Margin Call, new release out now in video shops. Demi Moore is in it and Simon Baker, the guy from The Mentalist. Great movie but it will also show you that what we perceive as the rules, and the laws, and the way that we live our lives – the system – is just very much a game. It’s all a game. So, take risks, take chances, move with the change, guard against your blind side and make massive amounts of cash in this time of crisis. The post Dominique Grubisa – Crisis and Opportunity appeared fi[...]