The Rhinemaidens guard the Rhinegold. Alberich (a Nibelung dwarf) wants to steal this immeasurable treasure, which when forged into a ring gives you the power to rule the world. However, when he does he gives up his chance to love.
You have promised to give Freia, the Goddess of Youth, to the giants, in return for their hard work building a fortress.
I am Loge. I think you should give a ring that Alberich has made using the Rihnegold.
Yes that is a good idea!
Instead of Freia, will you accept a ring that gives you the power to rule the world?
Yes, that is a good deal.
Of course I can!
Great, I can catch him now!
Wow that helmet is incredible! Can you turn into something smaller?
The curse of the ring was upon the giant, who killed his brother.
Here is the gold.
Ha Ha! I have the ring now, you will never get it!