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.
You may have been hearing about the amount of money The Fed Bank of NY is creating on a computer and loaning to banks in the reverse repo market. Target is 400 Billion by end of Q1 2019. We explain here in detail the who’s, what’s and why’s of this move and how it will affect you and your finances. Geeky stuff, but mission critical for our financial survival.
When we take out a mortgage, the bank creates the dollars to loan us to buy the home.
There’s a European Bank that is paying borrowers .5% to borrow money from them
After 2008 tighter rules were put on banks for making loans, and now Treasury Secretary Mnuchin says the rules will be loosing up again
What caused the need for banks to have to borrow so much money from the FED in the past six weeks
The Real World of Money with Fred Dashevsky and Patrick Timpone, October 30, 2019 ONE
The Real World of Money with Fred Dashevsky and Patrick Timpone, October 30, 2019 TWO