According to this Doc,
United States did go "Bankrupt" in 1933 and was declared so by President Roosevelt by Executive Orders 6073, 6102, 6111 and by Executive Order 6260 on March 9, 1933, under the "Trading With The Enemy Act" of October 6, 1917, AS AMENDED by the Emergency Banking Relief Act, 48 Stat 1, Public Law No. 1, which is presently codified at 12 USCA 95a and confirmed at 95b.
Thereafter, Congress confirmed the bankruptcy on June 5, 1933, and thereupon impaired the obligations and considerations of contracts through the "Joint Resolution To Suspend The Gold Standard And Abrogate The Gold clause, June 5, 1933" (See: HJR-192, 73rd Congress, 1st Session). When the Courts were called upon to rule on various of the provisions designed to implement and compliment FDR's Emergency BANKING Relief Act of March 9, 1933, they were all found unconstitutional, so what FDR did was simply stack the "Court's" with HIS chosen obsequious members of the bench/bar and then sent many of the cases back through and REVERSED the rulings.
House Joint Resolution 192 (HJR-192), 48 Stat. 112, was passed by Congress on June 5, 1933. The 'Act' impaired the obligations and considerations of contacts and declared that the notes of the Federal Reserve banks were "legal tender" for the payment of both public and private debts, and that payment in gold Coin was against "public policy". (In effect, FDR and Congress, under executive orders and legislative fiat, nationalized the people's money, i.e., their gold Coin. Nationalization is a violation of the Law of Nations and existing public policy of Congress. See: Hilton vs. Guyot, 159 U.S. 113 (1895). The gold Coin that was confiscated (nationalized) was later used to purchase voting stockholder shares in The Bank and The Fund at $35 per ounce.) At this point in time, "Fair Market Value", i.e., a willing seller and buyer, without compulsion, lost any substantial meaning.
Moreover, all of the Governor's of the several States of the Union, who were summoned to and were in Washington, D.C. during the several days of this pre-planned economic "Emergency" (the first phase of which was to nationalize and expropriate the people's Money, i.e., their gold Coin on deposit in the banks), pledged the full faith and credit thereof to the aid of the National Government, and formed various socialist committees, such as the "Council of State Governments", "Social Security Administration", etc., to purportedly deal with the economic "Emergency." The Council of State Governments has been absorbed into such things as the National Conference Of Commissioners On Uniform State Laws, whose headquarters is located in Chicago, Illinois, and "all" being "members of the Bar", and operating under a different "Constitution and By-Laws", far distant from the depositories of the public records, and it is this organization that has promulgated, lobbied for, passed, adjudicated and ordered the implementation and execution of their purported "Uniform" and "Model" Acts and pretended statutory provisions, in order to "help implement international treaties of the United States or where world uniformity would be desirable." (1990/91 Reference Book, NCCUSL). These organizations operate under the "Declaration of INTERdependence" of January 22, 1937, and published some of their activities in "The Book Of The States." The 1937 Edition openly declares that the people engaged in such activities as the Farming/Husbandry Industry had been reduced to mere feudal "Tenants" on the Land they supposedly owned.
On April 25, 1938, the supreme Court overturned the standing precedents of the prior 150 years concerning "common law," in the federal government.
"THERE IS NO FEDERAL COMMON LAW, and CONGRESS HAS NO POWER TO DECLARE SUBSTANTIVE RULES OF COMMON LAW applicable IN A STATE, WHETHER they be LOCAL or GENERAL in their nature, be they COMMERCIAL LAW OR a part of the LAW OF TORTS." -- Erie Railroad Co. vs. Tompkins, 304 U.S. 64, 82 L.Ed. 1188.
So is the United States Bankrupt?