All,
This video popped up on my youtube feed. For these of you who love bonds, you’ll love this video. Its the story of a 367 12 months outdated bond that’s nonetheless paying curiosity. The story is the bond was issued by an 18th century Dutch water authority. Through the 18th century within the Netherlands, dams had been wanted to stop flooding, however waterways usually crossed political borders, so distinctive authorities constructions had been arrange for every dam or levee. These governmental constructions had the facility to tax to keep up the levees, however didn’t have the prices related to different kinds of governments, in order that they had been in a position to make funds into perpetuity.
Right here is a photograph of what this type of bond seems like:
Here’s a video – its well worth the watch for those who’re occupied with bonds & historical past.
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