Alan Ereira

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.

Because it had got to a point where the face value of the coin was less than the value of the silver in it.

Because it had got to a point where the face value of the coin was less than the value of the silver in it.

Because it had got to a point where the face value of the coin was less than the value of the silver in it.

That is where the traders, of course. The trade routes are 3,000 kilometers long. This is what binds this world together. There is a direct trade route that goes from Babylon to... to the Greeks in the Mediterranean. That's why I was stressing how long distances things had traveled even to Varna thousands of years before. People move enormous distances. Objects move enormous distances.

That is where the traders, of course. The trade routes are 3,000 kilometers long. This is what binds this world together. There is a direct trade route that goes from Babylon to... to the Greeks in the Mediterranean. That's why I was stressing how long distances things had traveled even to Varna thousands of years before. People move enormous distances. Objects move enormous distances.

That is where the traders, of course. The trade routes are 3,000 kilometers long. This is what binds this world together. There is a direct trade route that goes from Babylon to... to the Greeks in the Mediterranean. That's why I was stressing how long distances things had traveled even to Varna thousands of years before. People move enormous distances. Objects move enormous distances.

If they're wanted, they'll get them. And so that's what was happening. The impact of value, I mean, it travels slowly. It's a ripple. But it happens. And you can see it happening. And you can see the value of gold commodities halving. It's overproduction of gold creating inflation. And so how does this affect what happens next?

If they're wanted, they'll get them. And so that's what was happening. The impact of value, I mean, it travels slowly. It's a ripple. But it happens. And you can see it happening. And you can see the value of gold commodities halving. It's overproduction of gold creating inflation. And so how does this affect what happens next?

If they're wanted, they'll get them. And so that's what was happening. The impact of value, I mean, it travels slowly. It's a ripple. But it happens. And you can see it happening. And you can see the value of gold commodities halving. It's overproduction of gold creating inflation. And so how does this affect what happens next?

Well, what happens, obviously, if they're destroying the currency, the whole trade route is, there's a word that starts with F. I can't remember what it is. Yeah. It's in a poor way. So by the time Agniates dies, his whole currency has perished. His successor is a chap called Croesus, who most people will have heard of. Rich as? Rich as Croesus. Rich as Croesus.

Well, what happens, obviously, if they're destroying the currency, the whole trade route is, there's a word that starts with F. I can't remember what it is. Yeah. It's in a poor way. So by the time Agniates dies, his whole currency has perished. His successor is a chap called Croesus, who most people will have heard of. Rich as? Rich as Croesus. Rich as Croesus.

Well, what happens, obviously, if they're destroying the currency, the whole trade route is, there's a word that starts with F. I can't remember what it is. Yeah. It's in a poor way. So by the time Agniates dies, his whole currency has perished. His successor is a chap called Croesus, who most people will have heard of. Rich as? Rich as Croesus. Rich as Croesus.

Now, one of the reasons that Croesus is rich as Croesus is Agniates was also very rich. The river that goes through Sardis, unlike any other, The gold that's found in that river is 100% pure gold. It's 24 carat. Wow. It is not alloyed with anything. So you've actually got a source of real good gold there. And so Croesus comes up with this marvelous idea.

Now, one of the reasons that Croesus is rich as Croesus is Agniates was also very rich. The river that goes through Sardis, unlike any other, The gold that's found in that river is 100% pure gold. It's 24 carat. Wow. It is not alloyed with anything. So you've actually got a source of real good gold there. And so Croesus comes up with this marvelous idea.

Now, one of the reasons that Croesus is rich as Croesus is Agniates was also very rich. The river that goes through Sardis, unlike any other, The gold that's found in that river is 100% pure gold. It's 24 carat. Wow. It is not alloyed with anything. So you've actually got a source of real good gold there. And so Croesus comes up with this marvelous idea.

He will produce a new coinage made of 100% pure gold. And alongside it, a parallel coin of silver. And these two coins will replace the old one that was the two metals joined together. And that will mean that shifts between the value of one and the other can be coped with.

He will produce a new coinage made of 100% pure gold. And alongside it, a parallel coin of silver. And these two coins will replace the old one that was the two metals joined together. And that will mean that shifts between the value of one and the other can be coped with.

He will produce a new coinage made of 100% pure gold. And alongside it, a parallel coin of silver. And these two coins will replace the old one that was the two metals joined together. And that will mean that shifts between the value of one and the other can be coped with.

And it's coped with very simply, actually, because when the relative value changes, he actually changes the relative sizes of the coins. And he's now introduced currency stability. And you now have... really very significantly, the introduction of the gold standard and a gold coin which we still use.