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When we think of financial collapse its often part of some giant, nation crushing event that effects all Americans. While this is a possibility down the line its important that you understand what is truly going on. The American economic collapse will not look like a end of the world scenario at first. Instead it will happen state by state. We are seeing this already. We have watched Detroit fall and we are seeing other states struggle to stay above water.
This article is likely about one of the next big states to take the fall. The taxes in New Jersey are already out of hand and the state is spiraling out of control. This should be an eye opening scenario to all state governments around the world. We are seeing state level collapse starting to take hold in America.