Why Do We Have Bonds?

Roxanne Jones: One of the dumb questions I always like to ask people is why do we have bonds? She says it allegedly goes back to the Rothschild family that, you know, they got tired of basically financing or subsidizing monarchs and more. But she says all they did was formalize an arrangement that always existed.Jones: It's no different from loaning governments money for gold; there was always a bond.