The Real World of Money
Fred Dashevsky is from Long Island New York. He attended University of New York at Albany and studied psychology, political science, and economics. Fred started in the coin business in 1984 in Northern New Jersey opening several offices in Southern California in the mid 80s. He returned to the east coast in 1989 and opened Hilton head office for SDL Inc. in 1991 with partner Andrew Gause. He has since opened his own business, U.S. Coin Capitol. Give him a call for your numismatic gold investments 800.878.2646
What’s behind the empty shelves in stores?
Fed using supply chain problems to explain inflation, ignoring their massive money printing.
Changing the direction of the economy. Fed is now reversing cheap money policies of the last 12 years.
What were the results of the Fed supporting Trump’s policies?
All the money the Fed creates comes from thin air. Fed created 5 trillion dollars over the last 2 years.
Pandemic reversed everything that had been accomplished under Trump.
40% growth of money supply in last 2 years. It’s like a 40% inflation rate, with some absorbed by economic growth.
The public feels the inflationary pressure in higher prices and higher interest rates.
From 2020 to mid 2022, consumers will see a 30% increase in the cost of goods.
Until the end of last year, the Fed tried to say it was only transitory inflation. Changed their tune now.
John Williams of ShadowStats says 15% inflation now.
Changes in Fed policy causing extremely volatile stock market this year.
If the Fed doesn’t buy the government debt, who will?
Carrying costs of government debt are increasing substantially, requiring increases in revenue. More taxes, more money printing.
Wages will need to go up because people can’t make ends meet.
Not a good situation for political parties. No one wants to be Jimmy Carter. A delicate balancing act needed.
Is Russia an innocent party in the Ukraine situation? Is it all about money? Is it our business?
Why should you own numismatic coins?
Should Canadians buy Canadian mint coins?
Listener asks: Can I put numismatic coins in a safe deposit box?
Money is not just a medium of exchange, but is a store of wealth. Not right to have the value change by factors beyond our control.
What percentage of your wealth should be in numismatic coins and other assets? Diversification important.
How about cryptos? Regulatory issues will become a bigger factor.