Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Banking Secrets They Don’t Tell You

19 Mar 2025 · 1 min

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A short excerpt from a YouTube video by Richard Canfield explaining that banks routinely use other banks' money (e.g., overnight lending) and that individuals or businesses can also use other banks' capital. The speaker emphasizes the difference between being forced to rely on others' funds (necessity) versus being empowered to choose to use them (choice), framing this transition as a learning process in financial capability.

Chapters

Banks use other banks all the time. Overnight lending work with one another to support lots of initiatives. There's no reason that you can't use another bank's money to go do something that you want to do. But the difference between having to use it and choosing to use it. There's a difference between the requirement that you have to use someone else's money and you have to beg, borrow, steal, do whatever you need to do to get access to the capital because someone else has developed a big pile of money and you don't have a pile big enough to tap into on your own. What we want to move you from is a requirement to do to the choice to do. That's a part of what this process is all about as you learn it in your life.