The US has defaulted many times.
The most memorable are the FDR revaluation of gold from $20 to $35 - which was a default and reset.
The other big one was 15th August 1971 where the US defaulted completely on its pledge about gold convertability of the USD.
It allowed the paper to continue to circulate effectively at the point of a gun ie. by force; and it robbed the world of the 8000+ tonnes of gold it would have completely been out of.
There's no other way to put it. The world was robbed. The US has defaulted. It's a lie that it hasn't.
gold, page-24946
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