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 Its the story of a 367 12 months outdated bond that’s nonetheless paying curiosity.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. In the course of the 18th century within the Netherlands, dams have been wanted to forestall flooding, however waterways typically crossed political borders, so distinctive authorities buildings have been arrange for every dam or levee. These governmental buildings had the ability to tax to take care of the levees, however didn’t have the prices related to different kinds of governments, so that they have been in a position to make funds into perpetuity.
Right here is a photograph of what this sort of bond appears to be like like:
Here’s a video – its definitely worth the watch if you happen to’re concerned with bonds & historical past.
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