We Americans like to think we are immune from the financial collapses we see on the news...
the Constitution was formed (amended?) so the states could sign on as security for the fed’s debts.
the Southern States said “No More” and wanted to secede rather than sign on to another pledging of assets to pay the federal governments debt.
UCL did a great job of discussing HJR-192. I won't repeat their handiwork here.
Real estate (protected by trusts) and real money (gold - the only currency acccepted worldwide) are your safe haven. Not dollars backed by a bankrupt goverment.
I would like to thank the people Understand Contract Law and You Win and Federal Postal Judge :David-Wynn: Miller (R.I.P.) for the data summarized in this article.