Alan Ereira
๐ค SpeakerAppearances Over Time
Podcast Appearances
But its religious significance means that there are other cultures which are much less interested in its monetary value than in its religious value. And so they will keep taking it out of circulation to offer it to the gods. For example, the mercenaries who are being paid with gold coins are not going to use that to go and buy a loaf of bread with.
But its religious significance means that there are other cultures which are much less interested in its monetary value than in its religious value. And so they will keep taking it out of circulation to offer it to the gods. For example, the mercenaries who are being paid with gold coins are not going to use that to go and buy a loaf of bread with.
But its religious significance means that there are other cultures which are much less interested in its monetary value than in its religious value. And so they will keep taking it out of circulation to offer it to the gods. For example, the mercenaries who are being paid with gold coins are not going to use that to go and buy a loaf of bread with.
For a start, the gold coin is much too valuable, but also it has a totally different significance for them. So what used to be regarded as gold hoards buried in the ground for safekeeping in times of trouble, now most of them turn out to be not that at all. What they are is offerings placed in the ground for security, safety, protection.
For a start, the gold coin is much too valuable, but also it has a totally different significance for them. So what used to be regarded as gold hoards buried in the ground for safekeeping in times of trouble, now most of them turn out to be not that at all. What they are is offerings placed in the ground for security, safety, protection.
For a start, the gold coin is much too valuable, but also it has a totally different significance for them. So what used to be regarded as gold hoards buried in the ground for safekeeping in times of trouble, now most of them turn out to be not that at all. What they are is offerings placed in the ground for security, safety, protection.
So you have towns in Britain which have gold coins placed in the ground at the entrance to the town as a protection. guarantee of divine protection. You have enormous quantities of gold being used to celebrate divinity in India, in China. Look at those huge Buddhas, tons and tons of gold. Temples in India with billions of pounds worth of gold in their vaults belonging to Krishna.
So you have towns in Britain which have gold coins placed in the ground at the entrance to the town as a protection. guarantee of divine protection. You have enormous quantities of gold being used to celebrate divinity in India, in China. Look at those huge Buddhas, tons and tons of gold. Temples in India with billions of pounds worth of gold in their vaults belonging to Krishna.
So you have towns in Britain which have gold coins placed in the ground at the entrance to the town as a protection. guarantee of divine protection. You have enormous quantities of gold being used to celebrate divinity in India, in China. Look at those huge Buddhas, tons and tons of gold. Temples in India with billions of pounds worth of gold in their vaults belonging to Krishna.
Gold is being taken out of circulation all the time. Now, the thing about currency is that it has a function. Its function is to make trade possible. The Chinese worked out a long time ago, about the time that all this was happening, that currency was best regarded as not having value in itself. And it's better to use tokens that don't have significant value.
Gold is being taken out of circulation all the time. Now, the thing about currency is that it has a function. Its function is to make trade possible. The Chinese worked out a long time ago, about the time that all this was happening, that currency was best regarded as not having value in itself. And it's better to use tokens that don't have significant value.
Gold is being taken out of circulation all the time. Now, the thing about currency is that it has a function. Its function is to make trade possible. The Chinese worked out a long time ago, about the time that all this was happening, that currency was best regarded as not having value in itself. And it's better to use tokens that don't have significant value.
If you give them significant value, you run into trouble because you have to have enough of these tokens to make gold flow in a fluid way. If you produce too many, then you have inflation. If you produce too few, you have deflation. You've got to get the balance right.
If you give them significant value, you run into trouble because you have to have enough of these tokens to make gold flow in a fluid way. If you produce too many, then you have inflation. If you produce too few, you have deflation. You've got to get the balance right.
If you give them significant value, you run into trouble because you have to have enough of these tokens to make gold flow in a fluid way. If you produce too many, then you have inflation. If you produce too few, you have deflation. You've got to get the balance right.
Now, the problem with the fact that gold is constantly being taken out, taken out, taken out, disappearing, always to the east, by the way, always to China and India, is that you run out of gold. You keep running out of gold. And this causes one continual crisis after another, right through into modern times.
Now, the problem with the fact that gold is constantly being taken out, taken out, taken out, disappearing, always to the east, by the way, always to China and India, is that you run out of gold. You keep running out of gold. And this causes one continual crisis after another, right through into modern times.
Now, the problem with the fact that gold is constantly being taken out, taken out, taken out, disappearing, always to the east, by the way, always to China and India, is that you run out of gold. You keep running out of gold. And this causes one continual crisis after another, right through into modern times.
Persia doesn't have a market. So when Persia destroys Babylon, it changes the whole significance of currency. Circulation of gold currency diminishes greatly, and it becomes much more of a medal, a prize, a gift. But then it comes back again, as other cultures see it as a way of paying mercenaries, particularly. So it's not a continual story.
Persia doesn't have a market. So when Persia destroys Babylon, it changes the whole significance of currency. Circulation of gold currency diminishes greatly, and it becomes much more of a medal, a prize, a gift. But then it comes back again, as other cultures see it as a way of paying mercenaries, particularly. So it's not a continual story.