Or the debt to end all debts.
If November 11th is Armistice Day, then will September 26th now be known as Debenture Bonds Day?
92 years after the WWI officially ended — Germany made her last payment of $94 million in reparations “to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles.”
If nothing else the move proves peace is temporary while interest payments are forever.
Great headline.
I sent an article from the U.K. news, the Guardian, about this to Mitch a couple of days ago, because I thought he would appreciate it.
I added that it was selfish of me to do so, because I was looking forward to one of his wonderful posts about the world wars to come from it.
This is not what I had hoped for from Mitch. I am disappointed… but still hoping for better.
For “long term debt” you have the US Civil War pension. The Civil War pension covered widows of Civil War veterans. A few CV vets married women under 21 when they were in their late ’70’s or ’80’s. The last Civil war “widow” died in 1999, almost 135 years after the end of the Civil War.