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

The Day Money Lost Its Value

16 Oct 2025 · 1 min

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A YouTube video monologue ("The Day Money Lost Its Value") in which an unidentified speaker recalls being 11 when circulating U.S. coinage shifted from 90% silver to copper-nickel ("Johnson slug"), noting that the silver coins seemed intrinsically more valuable. This childhood observation sparked a lifelong curiosity about what money is, how mortgages work, and how large projects (skyscrapers, stadiums) are financed.

Chapters

Coinage changed when I was 11 years old so from 90% silver coins to what I call Johnson slug coupro nickel quarters dimes and halves and really quarters and dimes I don't really have circulating back then it woke me up so wait a minute this silver quarter's got to be worth more than this copper one but no one around me in that area seemed to be paying attention I'm an 11 year old kid I don't know but it fascinated me and it put me on this quest for what money is and how it works because all I knew was that if you saved enough money you could buy a house and if you didn't have any money to buy the house outright which I didn't even know as an 11 year old you've got a mortgage and that's about all I know if you get a mortgage for family residents how do all these skyscrapers happen? How do you build a sports stadium? So those questions rattling my head as a young man.