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Alan Ereira

๐Ÿ‘ค Speaker
291 total appearances

Appearances Over Time

Podcast Appearances

The Ancients
The Birth of Money

The fact that this influx of gold is not what Nebuchadnezzar intended. It's exactly the same thing. We see it happening later on with the Spanish in America. The Spanish think when they take all the gold out of America, they'll be rich. No, what will happen is they'll take all the gold out of America and the gold will fall in value because there's too much of it.

The Ancients
The Birth of Money

The fact that this influx of gold is not what Nebuchadnezzar intended. It's exactly the same thing. We see it happening later on with the Spanish in America. The Spanish think when they take all the gold out of America, they'll be rich. No, what will happen is they'll take all the gold out of America and the gold will fall in value because there's too much of it.

The Ancients
The Birth of Money

The fact that this influx of gold is not what Nebuchadnezzar intended. It's exactly the same thing. We see it happening later on with the Spanish in America. The Spanish think when they take all the gold out of America, they'll be rich. No, what will happen is they'll take all the gold out of America and the gold will fall in value because there's too much of it.

The Ancients
The Birth of Money

And that's what happened to Babylon. The gold falls in value. It's a slower process than we're used to in the modern world because the Distances are greater, communications are slower. But from the time that the temper is seized, the value of gold falls steadily. This is because prices are in silver and gold and silver are in a ratio to each other.

The Ancients
The Birth of Money

And that's what happened to Babylon. The gold falls in value. It's a slower process than we're used to in the modern world because the Distances are greater, communications are slower. But from the time that the temper is seized, the value of gold falls steadily. This is because prices are in silver and gold and silver are in a ratio to each other.

The Ancients
The Birth of Money

And that's what happened to Babylon. The gold falls in value. It's a slower process than we're used to in the modern world because the Distances are greater, communications are slower. But from the time that the temper is seized, the value of gold falls steadily. This is because prices are in silver and gold and silver are in a ratio to each other.

The Ancients
The Birth of Money

So the increase in the quantity of gold reduces the value of gold, so the gold-silver ratio changes. And so gold, then you have to regard it as a commodity, like barley, like anything else, and its value falls in relation to silver. And you see that in the price changes in these tables, which don't measure gold price, but they do give you silver prices for the commodities.

The Ancients
The Birth of Money

So the increase in the quantity of gold reduces the value of gold, so the gold-silver ratio changes. And so gold, then you have to regard it as a commodity, like barley, like anything else, and its value falls in relation to silver. And you see that in the price changes in these tables, which don't measure gold price, but they do give you silver prices for the commodities.

The Ancients
The Birth of Money

So the increase in the quantity of gold reduces the value of gold, so the gold-silver ratio changes. And so gold, then you have to regard it as a commodity, like barley, like anything else, and its value falls in relation to silver. And you see that in the price changes in these tables, which don't measure gold price, but they do give you silver prices for the commodities.

The Ancients
The Birth of Money

And you can see this huge shift in commodities. And it's interesting, the person who published this incredible scholarly work, publishing all the information from these tables at the late 1990s, says there's this fall in prices and we don't know why.

The Ancients
The Birth of Money

And you can see this huge shift in commodities. And it's interesting, the person who published this incredible scholarly work, publishing all the information from these tables at the late 1990s, says there's this fall in prices and we don't know why.

The Ancients
The Birth of Money

And you can see this huge shift in commodities. And it's interesting, the person who published this incredible scholarly work, publishing all the information from these tables at the late 1990s, says there's this fall in prices and we don't know why.

The Ancients
The Birth of Money

Yes. Well, it must be the first because it's the first time there'd been currency anyway to crash. And a friend of mine called Paul Craddock who is the metallurgist who was working as an archaeologist with the British Museum, excavated in Sardis. And he thought he'd found a mint that was producing the coins. And then he realized as the excavation went on, this wasn't a mint.

The Ancients
The Birth of Money

Yes. Well, it must be the first because it's the first time there'd been currency anyway to crash. And a friend of mine called Paul Craddock who is the metallurgist who was working as an archaeologist with the British Museum, excavated in Sardis. And he thought he'd found a mint that was producing the coins. And then he realized as the excavation went on, this wasn't a mint.

The Ancients
The Birth of Money

Yes. Well, it must be the first because it's the first time there'd been currency anyway to crash. And a friend of mine called Paul Craddock who is the metallurgist who was working as an archaeologist with the British Museum, excavated in Sardis. And he thought he'd found a mint that was producing the coins. And then he realized as the excavation went on, this wasn't a mint.

The Ancients
The Birth of Money

What they were doing in this place was taking the coins to pieces. They were destroying the currency. And he found the whole of the methodology by which they did this, by which they take electron coins, turn them to foil, and then disintegrate them in order to separate the gold from the silver.

The Ancients
The Birth of Money

What they were doing in this place was taking the coins to pieces. They were destroying the currency. And he found the whole of the methodology by which they did this, by which they take electron coins, turn them to foil, and then disintegrate them in order to separate the gold from the silver.