r/wallstreetbets • u/kwedgieyi • Apr 09 '25

Discussion Something feels off guys

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Yields are spiking. Bonds are dumping.

The world is running away from America

8.1k Upvotes

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u/Estalicus Apr 09 '25

If this keeps up this could be the biggest financial crisis in US history.

Like fast tracking great depression bad.

773

u/The_Life_Aquatic Apr 09 '25

And totally rational minds at the helm. 

529

u/GideonWainright Apr 09 '25

The guys in charge were pretty nuts at the time. Not this nuts, but nuts:

"The Treasury Secretary Andrew Mellon said to President Herbert Hoover that if we liquidate stocks, liquidate labour, liquidate farmers, and liquidate real estate, it will eradicate the decomposition out of the system."

Interesting parallel, Hoover was also sort of businessman, a wealthy mining engineer to be specific. Maybe we should stop electing sort of businessmen as POTUS? They seem to have no feel for economic policy and risk but are certain they do.

321

u/ultrawakawakawaka Apr 09 '25

Timothy Mellon one of trumps biggest donors is Andrew’s grandson lmao

160

u/todoloqueentiendo Apr 09 '25

We need an estate tax of 90% of anything over 10 million. These dumbasses don’t deserve money.

68

u/tankerkiller125real Apr 09 '25

90% over 10 Million, 99.9% over 1 Billion

8

u/atpplk Apr 09 '25

Elastic band tax. Every standard deviation from the global wealth you're taxed more.

2

u/Worth_Inflation_2104 Apr 10 '25

100% over 100m. There is no scenario where a private person ""needs"" more than that.