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The centuries-old debt that's still paying interest

Tom Scott1 HN recommender · recommended in 1 month, 2021-2026
YouTube
9.3M views · 9 years ago · explainer · evergreen

Tom Scott visits Yale's archives to look at a 367-year-old bond from a Dutch water authority that is still paying interest. Finance professor Geert Rouwenhorst explains how it works.

Shared as a short, interesting explainer on very long-lived financial instruments.

Investing & personal financeWorld history#tomscott#bonds#dutchwaterboards#financehistory#yale

3 comments from Hacker News

@Kim_Bruning2026 · in “'Point of no return': New Orleans relocation must start now due to sea level”

Right, for Miami, you might want kwelschermen (or a variant thereof: deep impermeable cutoff walls, doesn't need to be concrete, can be made by clay injection too) , californian style water injection, locks that reject salt water. Different place, different geology, different tools. No place is exactly the same. Thing is I figure you need some form of water board to manage it. A political entity that's all about "here we are and here we stay". Once they're set up they're pretty reliable (there's one that's still paying interest on a 370-year old bond ▶ this video )

CitesView on HN
@cyberax2023 · in “Bank of England, 1914 war bonds cover-up”

These are rookie numbers! Tom Scott has a video about bonds that are being serviced continuously for more than 370 years: ▶ this video

CitesView on HN
@sickofparadox2021 · in “Yale’s 367-year-old water bond still pays interest (2015)”

Tom Scott has an excellent short video about just this topic if you're interested in further information about it. ▶ this video Quite an interesting video, definitely worth a watch!

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