Throughout its first 127 pre-World War I years, the U.S. government often had no national debt. WW I left the USA with a national indebtedness of $33 billion. The USA banking system went truly bankrupt in 1929, but the New Deal's 1933 Bank Moratorium postponed recognition of that fact. By "money accounting" (in contradistinction to real-wealth accounting), the USA is now realistically bankrupt....
I can't make it to DC (unfortunatley) , but I heard something about a protest in Cambridge. I know this isn't a news story, but I need some info, if anyone can help me please do.