2min chapter

Tom Bilyeu's Impact Theory cover image

How To Prepare For The GLOBAL RECESSION & Build Wealth In The Process! | Raoul Pal

Tom Bilyeu's Impact Theory

CHAPTER

What Does Liquidation Look Like?

"I didn't even understand it. Like I understood a variable interest mortgage rate where, hey, at a certain date,. the rate of the mortgage goes from whatever 5% to 15% and that's going to be a much bigger payment," he said. "But what does liquidation look like if I have the house and my interest rate isn't going up because it's a fixed interest rate?" He added: "How could I ever get in trouble? If you can't pay your interest so let's say the economy slows down and you lose your job."

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