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
Was corona the excuse for the federal reserve to begin printing so much money?
The real changes came after the fiscal crisis of 2008. Until 2008, the federal reserve was limited in what they were able to do (it had to be extremely conservative and extremely secure)
Did the federal reserve simply instruct congress they were going to start printing new money?
Liquidity problems in 2008 was a major issue; they wanted to make sure liquidity was not an issue today
There’s almost nothing the fed wont buy in this current market
Blackrock- major asset management company that pioneered the mortgage back securities in 2008
The fed has decided to utilize new tools to make acquisitions
The banks got incentives to write tremendous mortgages because there is now no risk they they will not get payed
The legality of what the fed is doing is placed under “an emergency” for coronavirus
Why do we the people care about the new money coming in?
The printing of new money will result in higher prices for almost everything
The federal reserve has instituted more challenging tools to avoid the impact of inflationary pressures when they print new money
The incorporations of providing liquidity to corporations,
this might take a generations of Americans to unwind what the federal reserve has done
The advantage of numismatic money will help protect your wealth because of its stability
Allowing the issue of federal reserve notes is a disaster
There is an increase in demand for numismatic coins after coronavirus
When interest rates and inflation rates are high, that is the time to sell you coins
Interest rates have artificially been driven to 0 by the federal reserve
How long will a recovery of our economy take?
Fred Dashvesky, Currency historian and this month’s The Real World of Money show, June 5, 2020
June 6, 2020 @ 11:45 am Dianthus
Get out of this old system thinking bc there will not be a recovery and back to the old ways like after 2008. This system is done and no Gold, Silver nor Bitcoin will save you. Jeeez people wake up bc masses are waking up and do we really think the few that has silver, gold or Bitcoin are the new riches? Time to get over this stupid speculation system bc making money with money does not do one bit for a durable health system where we all are going to. Is just being lazy and not care for society. There I said it
June 6, 2020 @ 5:49 pm Fred Dashevsky
I am not sure if I understand your point correctly but if you are thinking that there weill never be a recovery from the current financial conditions, I would have to disagree. History has taught us a lot, and one of those things we have learned is that markets are resilient, and while there is a price to pay for artificially manipulating an economy and “fixes” to the episodic volatility inherent in a fiat ssytem, there will be a post virus economy.
For me, owning gold and silver coins is a method of counter acting changes to the U.S dollar. I see this as a valuable tool for any long term minded person who has wealth they wish to protect.
June 6, 2020 @ 5:17 pm Patrick
If I understand Fred right, it kind of makes me depressed. He is basically saying after a rough 10 years or so……….we will be back to “normal” which means to me that the banks, Federal Reserve, and politicians will still continue to be in power and continue to abuse us forever? I find that position untenable.
June 6, 2020 @ 5:42 pm Fred Dashevsky
I can certainly understand your frustration, it is my opinion just because we have experienced a financial crisis, would not mean anything as entrenched as our Central bank system would change. I would only suggest knowing it’s likelihood to continue, one can at least prepare, and not be taken by surprise.
June 6, 2020 @ 11:08 pm Patrick
Thanks for the response Fred! I do enjoy hearing you on Patrick’s show.
And maybe you are right, but I hope that honest money, and honest people, in the end will prevail. Even if it’s bitcoin. At some point the moneychangers have to be tossed out of the temple. They can’t continue this forever.