The centuries-old debt that's still paying interest on HackerTube: recommended by 1 Hacker News commenter across 1 month, 2021–2026.
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.
“Quite an interesting video, definitely worth a watch!”
3 Hacker News comments link this video. Each one links back to its thread.
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!
in “Yale’s 367-year-old water bond still pays interest (2015)” · View on HN
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 )
in “'Point of no return': New Orleans relocation must start now due to sea level” · View on HN
These are rookie numbers! Tom Scott has a video about bonds that are being serviced continuously for more than 370 years: ▶ this video
in “Bank of England, 1914 war bonds cover-up” · View on HN