Alan Ereira

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.

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.

The one-third stator that Croesus introduced is the same size and weight, not quite exactly, but almost exactly, as the sovereigns, the gold sovereigns they're minting in London now. But instead, the symbols that he put on that coin were the lion facing down a bull, and the two of them are glaring at each other head on.

The one-third stator that Croesus introduced is the same size and weight, not quite exactly, but almost exactly, as the sovereigns, the gold sovereigns they're minting in London now. But instead, the symbols that he put on that coin were the lion facing down a bull, and the two of them are glaring at each other head on.

The one-third stator that Croesus introduced is the same size and weight, not quite exactly, but almost exactly, as the sovereigns, the gold sovereigns they're minting in London now. But instead, the symbols that he put on that coin were the lion facing down a bull, and the two of them are glaring at each other head on.

Now, the one change that we've made is that we now have the lion and the unicorn, one horn instead of two. But it's actually, you know, it's the gold currency. And this has been the basis of the world's economy ever since, with catastrophic consequences.

Now, the one change that we've made is that we now have the lion and the unicorn, one horn instead of two. But it's actually, you know, it's the gold currency. And this has been the basis of the world's economy ever since, with catastrophic consequences.

Now, the one change that we've made is that we now have the lion and the unicorn, one horn instead of two. But it's actually, you know, it's the gold currency. And this has been the basis of the world's economy ever since, with catastrophic consequences.

Oh, it does. It does. The amount of gold in the coin now is the value of the coin. Okay. That's why this is a disaster. Because what's happened is that what he's done is to convert money into absolutely a commodity. If you buy Croesus' gold coin, you're not actually depending on the stamp to validate it.

Oh, it does. It does. The amount of gold in the coin now is the value of the coin. Okay. That's why this is a disaster. Because what's happened is that what he's done is to convert money into absolutely a commodity. If you buy Croesus' gold coin, you're not actually depending on the stamp to validate it.

Oh, it does. It does. The amount of gold in the coin now is the value of the coin. Okay. That's why this is a disaster. Because what's happened is that what he's done is to convert money into absolutely a commodity. If you buy Croesus' gold coin, you're not actually depending on the stamp to validate it.

What you're depending on is the certainty that it's pure gold, easily checked, and it's weight. That is the value of the coin. And that is why it leads to catastrophe. Because once your money is itself, the pieces of money are themselves worth something. That's one big problem.

What you're depending on is the certainty that it's pure gold, easily checked, and it's weight. That is the value of the coin. And that is why it leads to catastrophe. Because once your money is itself, the pieces of money are themselves worth something. That's one big problem.

What you're depending on is the certainty that it's pure gold, easily checked, and it's weight. That is the value of the coin. And that is why it leads to catastrophe. Because once your money is itself, the pieces of money are themselves worth something. That's one big problem.

And the second big problem is it's not just that they're worth something, but they have a connection to a religious connection, which has a drastic effect on what happens to them. After all, if you think about it, the price of gold is going up all the time. It seems to be steadily on the increase. Now, the amount of gold in the world can never go down.

And the second big problem is it's not just that they're worth something, but they have a connection to a religious connection, which has a drastic effect on what happens to them. After all, if you think about it, the price of gold is going up all the time. It seems to be steadily on the increase. Now, the amount of gold in the world can never go down.

And the second big problem is it's not just that they're worth something, but they have a connection to a religious connection, which has a drastic effect on what happens to them. After all, if you think about it, the price of gold is going up all the time. It seems to be steadily on the increase. Now, the amount of gold in the world can never go down.

One of the features of gold is it's absolutely indestructible, except by very peculiar activity. So the amount of gold will constantly increase. The gold that was in the Roman Empire, the gold that was in the Babylonian Empire is all still with us and probably is in bits of gold that we buy in jewelry shops now. There's no way of knowing.

One of the features of gold is it's absolutely indestructible, except by very peculiar activity. So the amount of gold will constantly increase. The gold that was in the Roman Empire, the gold that was in the Babylonian Empire is all still with us and probably is in bits of gold that we buy in jewelry shops now. There's no way of knowing.

One of the features of gold is it's absolutely indestructible, except by very peculiar activity. So the amount of gold will constantly increase. The gold that was in the Roman Empire, the gold that was in the Babylonian Empire is all still with us and probably is in bits of gold that we buy in jewelry shops now. There's no way of knowing.