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

This Isn’t Money, It’s Just Currency

15 Oct 2025 · 1 min

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A short spoken segment arguing that 'money' should be defined as a reliable store of value and that most modern paper/digital currencies (e.g., Canadian dollar, US Federal Reserve notes) have failed as stores of value and therefore do not qualify as money. The speaker contrasts this with historical 'money' such as the pound sterling (a 92.5% silver weight) and advocates for a more equitable, level monetary system.

Chapters

At the risk of sounding trite, the difference between money and currency. Use the word money all the time, like money is money, but money is actually store of value. And if it's not a store of value, it isn't money. The store of value, the Canadian dollar, has been rather pathetic. And the store of value in the US Federal Reserve know, has been pathetic. And any other paper currency you can name, digital or otherwise, and mostly digital, has been pathetic. Therefore, they don't qualify as money. What does? What was the pound sterling? The pound sterling was a measure, a weight of silver of 92.5%. Fine, that was definition. Some people use the pound as if it still exists, but it hasn't existed for a very long time. So the most equitable monetary system, and there is no perfect one, is a level playing field where it's right for everyone.