And, the $500 face value bonds issued by the Elmira & Williamsport Railroad in 1862 had 999 year terms. From 1921 to 1928, the Canadian Pacific Railroad serially issued Perpetual Consolidated Debentures at 4% coupon and in three different currencies, including the Canadian dollar, the US dollar...
First of all, he’s like, “Let me treat you all to dinner,” and takes them to a place with like, fifteen dollar burgers instead of a place they can’t already afford, despite being a billionaire and obviously writing this off as a deduction. Second, he’s like, “Let me treat y...
Thursday, December 16th, 1971: After representative of the G-10 meet at the Smithsonian in Washington, the President announces that the US dollar will be pegged at $38 an ounce rather than $35, representing a nearly 8% decrease in value. Secretary of the Treasury Connally praised the agreem...
and planned to stay at least a year. After six or seven months, the dollar tanked, so we decided to go to Charleston, SC, because we had fallen in love with it while on vacation years before, and wanted to try out living there. ...