Being interested in Austen and Victorians novels, the British had perpetual bonds called Consols startingin the mid-18th century. Many of the families from those novels invested in these debt instruments to provide a steady income. Only recently did the UK gov't finally buy up the remaining Consols.
1 posted on
08/29/2019 6:41:08 AM PDT by
C19fan
To: C19fan
The Fed has to be standing there and scratching their head....they didn’t expect that trick to come out of Trump’s basket.
To: C19fan
Why not just issue a bond for $20 trillion, payable with no interest in 10,000 years? Our monetary system is fake anyway.
Just make "our" DC legislators promise to balance the budget for those 10,000 years. <^..^>
3 posted on
08/29/2019 6:50:18 AM PDT by
grania
("We're all just pawns in their game")
To: C19fan
The canaries are getting nervous.
L
6 posted on
08/29/2019 6:58:42 AM PDT by
Lurker
(Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
To: C19fan
Cool. Can’t wait to re-finance with a 100 year mortgage.
To: C19fan
Didn’t they call it the 5%?
11 posted on
08/29/2019 8:24:53 AM PDT by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: C19fan
The only way I would touch very long term, 50 or 100 year bonds was if they were backed with gold.
14 posted on
08/29/2019 9:36:59 AM PDT by
yefragetuwrabrumuy
("Poor kids are just as bright, just as talented, as white kids." - Joe Biden Aug 8, 2019)
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