The US Debt: Just Wait Until Interest Rates Return To Normal! We’re Screwed

www.TheFinancialCoach.com or http Bryan Binkholder The Financial Coach examines what no one will say….US Debt has gone from Trillion in 2000 to nearly Trillion and our interest payments have remained the same due to low interest rates. What happens when rates return? Catastrophe

Learn more: www.khanacademy.org Understanding how mortgage interest rates are quoted
Video Rating: 4 / 5

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33 Responses to “The US Debt: Just Wait Until Interest Rates Return To Normal! We’re Screwed” Subscribe

  1. Vendetta042 January 2, 2009 at 5:03 pm #

    You forgot to mention offence…. oh i mean defense.

  2. DAV632 January 2, 2009 at 5:39 pm #

    You look like you were born aboit then but check the interest rates from the early 1080′s if you REALLY wanna scare the pants of people … and it’s NOT just gvmnt debt. If interest rates rise and THEY HAVE TO then there will be a BLOODBATH in the already near terminal HOUSING MARKET.

  3. DAV632 January 2, 2009 at 5:41 pm #

    Bryan , good clip / explanation but keep it shorter. People’s attention spans run for a very short period of time if you fill the time with lead ups and what ifs. Cut to the chase. THIS IS OUR DEBT – THIS IS WHAT WE’RE PAYING ON THE DEBT @ 1% INTEREST. IF (WHEN) INTEREST RATES GO UP THE PAYMENTS WILL CLIMB TO $XXX TRILLION +.

  4. Daniel Snow January 2, 2009 at 6:13 pm #

    Great Video, Bryan.
    Straight forward and to the point. Our society needs a financial responsibility/accountability overhaul. The changes that need to happen will definitely hurt in the short run, but think of the good it will bring. Businesses and families with less debt and higher success than ever before! We can become the beacon to the world we once were.

  5. biteme emetib January 2, 2009 at 6:40 pm #

    if interest rates go up dollar goes up in value like it should… i just hope it does cause the fed is destroying peoples lifes making things ever more expensive

  6. Kelly Lambert January 2, 2009 at 7:20 pm #

    The interest rates are not controlled by the free market, they’re low by design and will stay that way for as long as needed because like you say, the US govt would be bankrupt immediately if they went up.

    Bonds still sell well because of the uncertainty in the market, so right now it’s working, but one little surprise and this house of cards will fall.

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  8. skylinegtr96 January 2, 2009 at 7:45 pm #

    Yes very well explained!! Damn we are SCREWED in this country!!

  9. Ranveer Nagaich January 2, 2009 at 7:59 pm #

    Well explained.

  10. mortgageratestexas January 2, 2009 at 8:11 pm #

    Agreed way better than most academic scholars i’ve heard from

  11. Allison Brown January 2, 2009 at 8:39 pm #

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  12. T Takayama January 2, 2009 at 8:58 pm #

    You are way better than my professor! Thank you so much! Love your video!

  13. birdie858 January 2, 2009 at 9:02 pm #

    Great video, thanks

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  15. somnus53 January 2, 2009 at 9:53 pm #

    How do you dislike a video that teaches you something?

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  17. ReichLeben January 2, 2009 at 11:13 pm #

    Like it, check out my video’s, and subscribe!

  18. WallNjhomes January 2, 2009 at 11:47 pm #

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  20. zay712 January 3, 2009 at 12:36 am #

    Very helpful!

  21. Bert Daniel January 3, 2009 at 1:07 am #

    Really informative! Thinking of getting one!

  22. Randy McMullin January 3, 2009 at 1:36 am #

    Index is almost always the 1 Year LIBOR….and the margin is usually 2.25%. And the bank rately takes a loss on the loan because now they sell everything most loans to Fannie Mae, Freddie Mac or FHA.

  23. asiantown2013 January 3, 2009 at 1:58 am #

    God (real knowledge and wisdom/the everlasting Truth) has His advice for people around the world to stop your slavery to the system and international bankers/NWO (if you want your freedom and your true wealth, which they have stolen from you using their banking tricks and injustice laws, back). Unite and go to your local banks and demand all your savings back, they will collapse. Learn the truth about God at: thewayhomeorfacethefiredotnet

  24. meme112233able January 3, 2009 at 2:57 am #

    thank you
    

  25. mostpopular2010 January 3, 2009 at 3:53 am #

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  26. JCRealtyDenverLLC January 3, 2009 at 3:57 am #

    Check out the many videos I have posted answering common mortgage lender questions.

  27. buytoletlandlord January 3, 2009 at 4:40 am #

    interest mortgage video

  28. FortNikitaBullion January 3, 2009 at 5:01 am #

    Don’t buy a house until you can put at least 50% down.

  29. crumcon January 3, 2009 at 5:12 am #

    Watch Max Keizer Report to understand why we have bubble in housing market. Khan´s explanation only works in ideal situation where Bankers and Wall Street do not create greedy economy for bailout and gives themself hundred of million bonuses

  30. ADRIANC92ER January 3, 2009 at 5:29 am #

    @codredaniel Interest rates will vary throughout the 30 years, so if the bank is charging you the 5% fixed rate then they are taking a risk because the interest rate might raise, which means that they could have been making that much more. If the rate rose by 3% to 8% then the bank could have made an extra 3% if it was not fixed. This is also know as an opportunity cost.

  31. Upthemeds January 3, 2009 at 6:08 am #

    If you had a 30 year fixed can you pay off the loan, before the 30 year period? Also could you pay off the 5/1 arm during the 5 year period?

  32. NullTran January 3, 2009 at 7:01 am #

    Can someone give an example of how much money do you actually end up paying?
    The way I see it from 30 year loan 5% return, if you always pay loan and return and the loan lineary decreases you pay 50% return?

  33. orlandofriend January 3, 2009 at 7:41 am #

    In most states, a bank can not only take the house back on a foreclosure, but they have a 5 year window to get a deficiency judgement. Thus, if you have a 160,000 mortgage and the bank sells the home for 100,000, then you are on the hook for 60,000 — with nothing to show for it.

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