Hey Rob,

No, unfortunately that's not true. They were "broke" decades ago. As put to someone else, possibly you although I don't think so, look at it this way;

If the US Government were a person and had walked into a bank to take out a loan in 1990, and been subjected to the same criteria that we are, the bankers would have had a blank stare in their eyes while being left speechless. ... not in a favorable way for the loan.

Fast forward to today. If the USG walked into a bank today asking for a loan, those same bankers would probably die from laughter.

That's how bad the situation is in normal economic/financial circumstances.

Remember, the ENTIRE GLOBAL Central Banking System had to be bailed out, much as Big-Med/Big-Pharma was just bailed out except even more so.

We should have let them fail for our own good, but people had no idea the gravity of the situation. Then of course the greed of the inconvenience to our pleasures and not wanting to rearrange society towards the goals of actual liberty. But that's another essay.

In short, Broke has nothing to do with it.

I'll walk you through an exercise if you want to help you understand it better. Let me know if you're interested. If so, we'll use East Germany as an example for understanding it. If you are interested, give me a paragraph on your existing understanding of the East German economy.