HJR 192
House Joint Resolution 192 of June 5, 1933
On June 5, 1933, Congress passed House Joint Resolution (HJR 192). HJR 192 was passed
to suspend the gold standard and abrogate the gold clause in the national constitution. Since
then no one in America has been able to lawfully pay a debt. This resolution declared:
"To assure uniform value to the coins and currencies of the Unites States,
Whereas the holding of or dealing in gold affect public interest, and are therefore subject to
proper regulation and restriction; and
Whereas the existing emergency has disclosed that provisions of obligations which purport to
give the obligee a right to require payment in gold or a particular kind of coin or currency of the
United States, or in an amount in money of the United States measured thereby, obstruct the
power of the Congress to regulate the value of the money of the United States, and are
inconsistent with the declared policy of the Congress to maintain at all times the equal power
of every dollar, coined or issued by the United States, in the markets and in the payment of
debts,
Now, therefore, be it Resolved by the Senate and House of t Representative of the United
States of America in Congress assembled, that
(a) every provision contained in or made with respect to any obligation which purports to give
the obligee a right to require payments in gold or a particular kind of coin or currency, or in an
amount in money of the United States measured thereby, is declared to be against public
policy; and no such provision shall be contained in or made with respect to any obligation
hereafter incurred. Every obligation, heretofore or hereafter incurred, whether or not any such
provision is contained therein or made with respect thereto, shall be discharged upon payment,
dollar for dollar, in any coin or currency which at time of payment is legal tender for public and
private debts. Any such provision contained in any law authorizing obligations to be issued by
or under authority of the United States, is herby repealed, but the repeal of any such provision
shall not invalidate any other provision or authority contained in such law.
(b) As used in this resolution, the term 'obligation' means any obligation (including every
obligation of and to the United States, excepting currency) payable in money of the United
States; and the term 'coin or currency' means coin or currency of the United States, including
Federal Reserve notes and circulating notes of Federal Reserve banks and national banking
associations.
Sec. 2 The last sentence of paragraph (1) of subsection (b) of section 43 of the Act entitled 'An
Act to relieve the existing national economic emergency by increasing agricultural purchasing
power, to raise revenue for extraordinary expenses incurred by reason of such emergency, to
provide emergency relief with respect to agricultural indebtedness, to provide for the orderly
liquidation of joint-stock land banks, and of other purposes;, approved May 12, 1933, is
amended to read as follows:
"All coins and currencies of the United Stated (including Federal Reserve notes and circulating
notes of the Federal Reserve banks and national banking associations) heretofore or hereafter
coined or issued, shall be legal tender for all debts, public and private, public charges, taxes,
duties, and dues, except that gold coins, when below the standard weight and limit of tolerance
provided by law for the single piece, shall be legal tender only at valuation in proportion to their
actual weight.'
Approved, June 5, 1933, 4:40 p.m. 31 U.S.C.A. 462, 463
House Joint Resolution 192, 73d Congress, Sess. I, Ch. 48, June 5, 1933 (Public Law No. 10 )
Note: "payment of debt" is now against Congressional and "public policy" and henceforth,
"Every obligation . . . Shall be discharged."
As a result of HJR 192, and from that day forward (June 5, 1933), no one in this nation has
been able to lawfully pay a debt or lawfully own anything. The only thing one can do, is tender
in transfer of debts, with the debt being perpetual. The suspension of the gold standard, and
prohibition against paying debts, removed the substance for our common law to operate on,
and created a void as far as the law is concerned. This substance was replaced with a
"PUBLIC NATIONAL CREDIT SYSTEM" where debt is "LEGAL TENDER" money.
HJR 192 was implemented immediately. The day after President Roosevelt signed the
resolution, the treasury offered the public new government securities, minus the traditional
"payable in gold" clause.
192 states that one cannot demand a certain form of currency that they want to receive if it is
dollar for dollar. If you review the Modern Money Mechanics article you will discover that all
currency is your credit! The Federal Reserve calls it "monetized debt."