Richard Wagner "Der Ring des Nibelungen" - Video

« The Ring of the Nibelung » - the first contemporary myth, a phantasmagoria of superhuman novelty and coherence of word, image and music or just a lovely German fairy tale?

The adventures of the «Ring» span the depths of Rhine, where the Rhine maidens play, the bowels of the Earth, where the dwarfs dig for gold, the mountain summits, where the selfish gods dwell. Wotan, the chief of gods reigns and rules by the power of the Lance.

What is The «Ring», what does it tell us?