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.
-What are the naysayers saying about using a gold standard? What would bring the economy to a screeching halt?
-A stable monetary policy would take away all the games that are being played. Is it possible?
-Fred explains why and how a stable dollar would change everything
-Fred discusses cryptocurrency; Facebook wants to create it’s own. Could the government step in and regulate it? Fred says yes and explains why. Hint: money laundering laws
-The Banking Secrecy Acts
-Bitcoin is a difficult thing to use in the real world. Can one really live on Bitcoin realistically? Fred tells of someone who tried living on Bitcoin for a month. The experiment wasn’t very successful.
-Blockchain technology is here to stay
-Interest rates, mortgages and how banks create money out of thin air.
-There’s not much leeway to kickstart the economy with such low interest rates
-Is the economy in good shape? Fred elaborates on why it’s a little pokey
-The rising prices of gold and silver. When you snooze. you lose. Fred has observed that people tend to accumulate when the prices are going higher instead of accumulating when it’s low.
More show notes will post shortly!
The Real World of Money with Fred Dashevsky and Patrick Timpone, July 17, 2019 ONE
The Real World of Money with Fred Dashevsky and Patrick Timpone, July 17, 2019 TWO