{"id":28401,"date":"2024-08-12T13:33:43","date_gmt":"2024-08-12T13:33:43","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=28401"},"modified":"2024-08-12T09:34:10","modified_gmt":"2024-08-12T13:34:10","slug":"st-louis-fed-blames-people-for-banks-failings","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/st-louis-fed-blames-people-for-banks-failings\/","title":{"rendered":"St Louis Fed Blames people for Banks\u2019 Failings"},"content":{"rendered":"
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Lyn Alden<\/a><\/b><\/td>\n<\/tr>\n
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I like how this St Louis Fed post blames people for banks\u2019 failings.<\/p>\n

Flip it around. Banks irresponsibly created way more claims for gold than they had gold, kept defaulting, and lost trust. So the government made gold illegal to own for like 40 years.
stlouisfed.org\/open-vault\/201\u2026<\/a> pic.x.com\/hfpnkdkeqd<\/a><\/td>\n<\/tr>\n

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I like how this St Louis Fed post blames people for banks\u2019 failings.  Flip it around. Banks irresponsibly created way more claims for gold than they had gold, kept defaulting, and lost trust. So the government made gold illegal to own for like 40 years<\/div>\n
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There was no \u201cshortage\u201d of gold in the Great Depression. There was an excessive amount of fraudulent promises for gold, made by commercial banks and central banks.<\/p>\n

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Lyn Alden<\/a><\/b><\/td>\n<\/tr>\n
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There was no \u201cshortage\u201d of gold in the Great Depression. There was an excessive amount of fraudulent promises for gold, made by commercial banks and central banks. pic.x.com\/rayiafn0l9<\/span><\/a><\/td>\n<\/tr>\n
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    Lyn Alden \u2066\u202a@LynAldenContact\u202c\u2069 I like how this St Louis Fed post blames people for banks\u2019 failings. Flip it around. Banks irresponsibly created way more claims for gold than they had gold, kept defaulting, and lost trust. So the government made gold illegal to own for like 40 years.stlouisfed.org\/open-vault\/201\u2026 pic.x.com\/hfpnkdkeqd   8\/12\/24, 7:33\u202fAM     […]<\/p>\n","protected":false},"author":1,"featured_media":28402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28401","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/28401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=28401"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/28401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/28402"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=28401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=28401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=28401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}