Alan Ereira

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.

It's one which is constantly being repeated and rediscovered. And from time to time, it looks as though gold is disappearing as a currency system. This happens not only in the ancient world when you have a period when the Greeks think that gold currency is an evil and it's the currency of tyrants. And the currency you want is silver.

It's one which is constantly being repeated and rediscovered. And from time to time, it looks as though gold is disappearing as a currency system. This happens not only in the ancient world when you have a period when the Greeks think that gold currency is an evil and it's the currency of tyrants. And the currency you want is silver.

It's one which is constantly being repeated and rediscovered. And from time to time, it looks as though gold is disappearing as a currency system. This happens not only in the ancient world when you have a period when the Greeks think that gold currency is an evil and it's the currency of tyrants. And the currency you want is silver.

So you go through a period like that, which is changed by Macedonia, which is very keen on gold currency, right up to when Rome falls. It falls because it runs out of gold, can't pay its armies anymore. The gold is all gone. And you go into a Europe which develops a new kind of methodology of how you pay people and how you pay your soldiers, which we call feudalism. And they don't have any gold.

So you go through a period like that, which is changed by Macedonia, which is very keen on gold currency, right up to when Rome falls. It falls because it runs out of gold, can't pay its armies anymore. The gold is all gone. And you go into a Europe which develops a new kind of methodology of how you pay people and how you pay your soldiers, which we call feudalism. And they don't have any gold.

So you go through a period like that, which is changed by Macedonia, which is very keen on gold currency, right up to when Rome falls. It falls because it runs out of gold, can't pay its armies anymore. The gold is all gone. And you go into a Europe which develops a new kind of methodology of how you pay people and how you pay your soldiers, which we call feudalism. And they don't have any gold.

And there's probably one bathtub of gold available to the whole of Europe in the 11th, 12th centuries. But then it comes back again through the Arab world. And you get these crises coming back and back and back. I mean, in the 19th century, where after the California gold rush, It was widely believed among Europeans that the California source of gold was endless.

And there's probably one bathtub of gold available to the whole of Europe in the 11th, 12th centuries. But then it comes back again through the Arab world. And you get these crises coming back and back and back. I mean, in the 19th century, where after the California gold rush, It was widely believed among Europeans that the California source of gold was endless.

And there's probably one bathtub of gold available to the whole of Europe in the 11th, 12th centuries. But then it comes back again through the Arab world. And you get these crises coming back and back and back. I mean, in the 19th century, where after the California gold rush, It was widely believed among Europeans that the California source of gold was endless.

So when Germany decided to switch from having a silver currency to a gold one, the Germans were quite untroubled by the fact there might not be any gold for them to use for money. But they were wrong about California, and there wasn't any gold for them to use as money. And the result was an enormous financial crisis, devastating in the 1870s. So this is a problem that keeps on coming back.

So when Germany decided to switch from having a silver currency to a gold one, the Germans were quite untroubled by the fact there might not be any gold for them to use for money. But they were wrong about California, and there wasn't any gold for them to use as money. And the result was an enormous financial crisis, devastating in the 1870s. So this is a problem that keeps on coming back.

So when Germany decided to switch from having a silver currency to a gold one, the Germans were quite untroubled by the fact there might not be any gold for them to use for money. But they were wrong about California, and there wasn't any gold for them to use as money. And the result was an enormous financial crisis, devastating in the 1870s. So this is a problem that keeps on coming back.

It is, absolutely. And you see the extraordinariness of it in America. When the Spanish arrive in America, they arrive in a highly sophisticated world of large cities which don't have money. They don't use money at all. And a large part of the colonial enterprise of the Spanish

It is, absolutely. And you see the extraordinariness of it in America. When the Spanish arrive in America, they arrive in a highly sophisticated world of large cities which don't have money. They don't use money at all. And a large part of the colonial enterprise of the Spanish

It is, absolutely. And you see the extraordinariness of it in America. When the Spanish arrive in America, they arrive in a highly sophisticated world of large cities which don't have money. They don't use money at all. And a large part of the colonial enterprise of the Spanish

is to drive the indigenous people of South America, particularly, into having to use money, because this is the only way that Spain can get a taxation system that allows them to withdraw money. They're after the gold. The only way they're going to get it, if they can force people to trade using gold and take some of it as tax.

is to drive the indigenous people of South America, particularly, into having to use money, because this is the only way that Spain can get a taxation system that allows them to withdraw money. They're after the gold. The only way they're going to get it, if they can force people to trade using gold and take some of it as tax.

is to drive the indigenous people of South America, particularly, into having to use money, because this is the only way that Spain can get a taxation system that allows them to withdraw money. They're after the gold. The only way they're going to get it, if they can force people to trade using gold and take some of it as tax.

But Spain has entered a world where the idea of currency is unknown, where large cities survive without having markets of the kind that Eurasia had, but still survive perfectly well with a different system of exchange completely. and gold having an enormous sacred purpose, very important, very much related to life, energy, rebirth, and safety, but not money.