Fred Dashevsky

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

gold-coins

Show highlights:

Patrick and Fred discuss survival prepping and the Texas power outage. Andy Gause was always prepared for emergencies because he was very mechanical and knew how to prepare for anything.

Patrick asks, “Do you pay attention to the spot price of precious metals?”

Two hundred years ago gold bought the same kinds of goods and services as today. Can you say the same about the dollar?

What were Fed Chairman Jerome Powell’s “delusional” comments about the correlation between the money supply and the economy?
The Fed has been curtailing inflation, saying “We can control whatever happens.” They redefined the word “inflation” to ignore reality.
Fred gives examples of how the Fed creates its own “reality.”

The CPI (Consumer Price Index) is based on goods and services. As prices rise, statistics are shifted by removing health care, energy, and all that matters to people.
Due to COVID, there is a shortage of dock workers. Many ships loaded with products are stuck in ports for several weeks without unloading. What has this done to the prices of goods? Is this the reason Patrick’s saunas are backlogged?
Patrick and Fred discuss Governor Greg Abbott finally lifting the Texas lockdown, whereas Fauci claims that lockdowns will last at least till March, 2022, due to variable mutant outbreaks.

Does the Biden administration want to destroy the economy? Why has the “economic speed come to a crashing halt?” The Fed is pushing hard to print themselves out of the problem.
Everything Trump has done to improve the economy has been reversed.

“Last year alone, the M2 increased 26%,” says Fred. He explains the recent developments concerning the M1 and M2.
How much has the value of silver increased since 1990?

What is going to be done with the $2 trillion mortgage-backed securities remaining on the Fed’s balance sheet for the past 12 years?
Fred describes the mind-boggling difference between a billion and a trillion: “One billion seconds ago was 1987. One trillion seconds ago was 30,000 BC.”
Patrick asks Fred about his specials on silver and gold coins. When is a good time to buy?

Why are numismatic coins a better investment than bullion?
What’s in the House’s 1.9 trillion pandemic aid stimulus package, and how much of it is pork?

The Fed is only interested in creating money that does not exist to push the economy forward.
Why is the Fed keeping interest rates unchanged near zero while continuing to purchase bonds at a rate of $120 billion a month?
Are we headed into a recession or a depression?
Where is a safe place to store numismatic coins?

Could the energy crisis turn into a Mad Max scenario?

Can Americans persevere for three months without any energy and empty shelves?



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    'Fred Dashevsky and The Real World of Money – Why Has the Economic Speed Come to a Crashing Halt? – March 3, 2021' has 1 comment

    1. March 7, 2021 @ 12:46 am herb

      Future questions for Fred:
      After I pay extra money for numismatic coins, in an emergency would Fred or anyone else pay me more for them than for silver rounds? Would numismatic coins buy me more groceries, say, than silver rounds would?
      Also, is South Carolina is making gold and silver legal tender, and if so, is that a good reason for me to move there with my metal stash?

      Reply


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