There is simply no relation between money and Real Capital at all. And to refer to money as capital is like calling a dog a whale, or like refering to the wind as an iceberg. Money is what the sovereign decrees as legal tender, and it is what the sovereign will accept in settlement of taxes or tribute. If you do not have money then the sovereign will award the ownership of your other assets to someone who will give the sovereign what the sovereign requires. And if you have no money and no assets the sovereign may take your limbs or your life. (See Conquistadors). It has always been thus. In our dealings with one another, we may use bottles of vodka, slips of paper that attest to the ownership of some amount of gold, wheat, blankets, or other commodity, or we may, in fact use the commodity itself. But money is that which is recognized by the sovereign as being legal tender for all debts public and private and that includes legal tender for taxes or tribute. It is this declaration of the sovereign that makes a token, of whatever form, money. And any token that the sovereign decides is money, will, in fact, be money. Whether the sovereign creates money by spending it into existence and enforces its value by collecting it later as a tax, or whether the sovereign collects the tokens first (i.e. taxes to collect gold or silver), and then uses these tokens to command the labor of tradesmen and soldiers necessary to governing, it is the insistence of the sovereign on the one form of token that defines the tokens as money. The sovereign will inevitably control the amount and/or the value of money. Money (strictly as money) has no utility without the force of the sovereign behind it. This differentiates money from both land and capital. Money derives its value from force alone.