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
The Dollar was backed by gold from 1790 to 1933
JFK had several million United States Notes printed a short time before he was assassinated.
President Nixon took the Dollar off the international gold standard in 1973
Fred does not believe there is some kind of “Reset” to happen with the monetary system as many are writing about today
He does not believe, as many are arguing, that the dollar is going to be put back on a gold standard anytime in the future.
the Federal debt held by the public is projected to exceed 100% of the US GDP – the last time the US debt level exceeded the GDP was in 1946
The velocity of money, the time it takes for dollars to be passed along, is at a all time low.
The FED has created more than the four trillion new money showing on their balance sheet since December 31, 2019
There’s absolutely no signs the money masters will discontinue or slow down inflating the currency. Heavy inflation of prices is baked in the cake.
Fred Dashevsky and September’s edition of The Real World of Money, September 9, 2020