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March 4, 1789, the first day of our federal government, the debt was approximately 75 million dollars (40% of our economy); this terrified our founding fathers as they acted quickly to pay it down – In 1835, the federal debt was 0. From 1861 to 1862, as a result of the civil war, the debt [...]

The United States Federal Government decides it needs some money, so it calls up the Federal Reserve and says it needs 10 billion dollars. The Fed replies “Sure, we will buy 10 billion dollars in government bonds from you.” So the government takes some fancy paper and calls it treasury bonds, assigns this paper a [...]

So let’s know what we are talking about and how it came to be. The Health Care and Education Reconciliation Act of 2010 (H.R. 4872) is a reconciliation bill passed by the 111th United States Congress to make changes to the Patient Protection and Affordable Care Act (H.R. 3590, Public Law No. 111-148). After much [...]

Want to have some fun with Federal Reserve Notes? Many people are so illiterate about money in the US that it can be fun at times trying to educate them. Take for instance the people at 7-11 who do not know what they are. See http://www.honestybondusa.info/take-federal-reserve-notes.php for the full story and decide if you want [...]

In an amazing moment of clarity the Obama Administration made a stunning statement as it told the public it made a mistake and that they predict the federal deficit to more then double over the next decade. You can see the full story here: http://www.msnbc.msn.com/id/32551518/ns/politics-white_house. Not withstanding the fact that I have always told people [...]

The Federal Reserve is about to become more powerful then ever before. If you thought we had it bad economically now, wait till the new sweeping powers become law. In an unprecedented move President Obama made his desire to allow the Federal Reserve to regulate the banking industry known to the public. In an 85 [...]