FDR in 1933 considered multiple options for dealing with the banking crisis including straight haircuts on government debt and calling all US Treasuries to repay them at a loss, but was talked out of it by advisers, instead using a bank holiday and fireside chat approach, with the crisis only truly resolved by WWII spending rather than financial restructuring.
factualpending
Speaker
Mel MadisonEvidence Quote
“These were the exact type of situations that FDR was wrestling with in 1933”
Source
Asset Bubble Crescendo Until 2027 Collapse When U.S. Treasury Market Implodes, Argues Mel Mattison— Forward GuidanceCreated: 8/12/2026, 6:43:41 PM
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