Disciple: And you mentioned that this is very bad, this artificial standard of monetary exchange.
Prabhupada: Oh, yes. It is very bad.
Disciple: In the future this is something that we should try to correct.
Prabhupada: You should introduce coin, real money.
Disciple: Real gold coins. No paper.
Prabhupada: Anyone has got money… It is fact. And what is this nonsense, keeping some paper and thinking he has got money? How cheating it is going on, from government’s side. And therefore artificial inflation. You can print, so the price is increased. Because you haven’t got to pay him real money, you print and pay him, and he will ask, “Give me this money. Then I’ll supply.” “All right, take.” You print and pay.
Disciple: It’s definitely a means that the government has for controlling. Because they can withdraw money, pull it back out of circulation by increasing the interest the banks give, or they can get more money in…
Prabhupada: Anything done artificially.
Disciple: They control the amount of interest on loans. It’s all standardized from what they call the Federal Reserve system. This was introduced during the Depression by the bankers.
Prabhupada: Whatever they do, when you receive money in the paper it has no value. Bad money. It is bad money. It is not good money.
Disciple: Actually most purchasing in America is done on credit now. Even a step beyond paper money is credit, no money, buying on no money, loans.
Prabhupada: That is in India also.
Disciple: We don’t find these things in Vedic culture too much.
Prabhupada: There was never paper money.
Disciple: No. They used to…
Prabhupada: That barter system. You have got rice; I have got something else. So I give you something; you give me something.
Disciple: But isn’t inflation possible even with coins? Even if you have gold coins, isn’t inflation still possible?
Prabhupada: No, gold is acceptable by everyone.
Disciple: The main point is the barter system.
Disciple: Yes, well its value is recognized by its purchasing power.
Prabhupada: Yes.
Disciple: So you can alter… Say, you have one gold coin. You can alter what it…
Prabhupada: No. If you introduce real metal coin, then there will be no inflation.
Disciple: There’s only a certain amount of metal.
Prabhupada: That’s all right. The exchange… The more demand, more price. So suppose here is a spectacle. I am demanding ten rupees. So both of you are customer, and you are asking for this spectacle. Then I am increasing my price. So if you can pay me by printing paper, you’ll accept any price. That means artificially price is increased. Is it not?
Disciple: Yes.
So the idea is that with coins the man who has the goods, he can’t…
Prabhupada: Therefore… Suppose he has got ten coins; you have got ten coins. I am wanting fifteen coins. So there will be no competition. I have to accept either from you or you, ten coins.
Disciple: Right. Because there’s only that much money.
Prabhupada: But if I increase price and if you print… If you have got power to print, “All right. Take fifteen coins, er, fifteen rupees.” But you print and pay me. But if the gold, the coin, is there, you cannot increase on that.
Disciple: He can’t increase the price of the product, and the man who got…, ’cause there’s only a certain amount of money there.
Prabhupada: But I can increase the price provided you pay me. But by printing, it is easier. But if you have to collect coins, that will be difficult, so there will be no artificial increase of…
Disciple: Yes. Coins is a check…
Prabhupada: Yes.
Disciple …on charging too much.
Prabhupada: That is wanted. And these rascals, they are artificially printing paper as money. And I am a rascal; I’m demanding more because I have got customer.
Disciple: The difference between Vedic culture and…, the Krsna conscious culture and the modern culture is very, very dramatic, very big difference. So the transforming of society…
Prabhupada: And besides that, if we concentrate in farm project there will be no need of exchange, because I’ll be satisfied with my products. That’s all. There is no need of exchange. Whatever I need, I get in my farm.
Disciple: Weaving, cloth.
Prabhupada: Everything I get. So I haven’t got to go outside for exchange. If you are satisfied in your farm—I am satisfied—then where is question of exchange? There is no need of artificial… So this banking, “fanking,” everything will collapse automatically. There is no money, who is going to keep money in the bank?
Disciple: Who needs it?
Prabhupada: (laughs) So this artificial way of banking, that will be also collapsed.
Disciple: This is revolutionary. It’s very hard for the mind to…
Prabhupada: No, simply do this.
Disciple: Such a dramatic transformation of society.
Prabhupada: Yes. Whatever it may be… We should be satisfied locally by our food, by our cloth, by our milk. That’s all. Let the whole world go to hell. We don’t care. If you want to save yourself also, you do this. Here is an example. If you want artificial life, city life, and hellish life, you do. But we shall live like this. This is the ideal life.
Disciple: But still, we’re going out to attract people to come to our life-style.
Prabhupada: Hm?
Disciple: We’re still going out to attract people to come and live like us.
Prabhupada: Yes.
Disciple: Well, even more than that, we know that we have the secret to real life, so it’s our duty to actually… Just like you say…
Prabhupada: That is preaching. That is preaching.
Disciple: …the surgeon, he must cut.
Prabhupada: Yes.
Disciple: The doctor must…
Prabhupada: Yes.
Disciple: …save the patient. It’s his duty.
Prabhupada: No artificial dealing. Purge out.
Disciple: When one actually has the power, he can do that.
Prabhupada: Yes.
Disciple: So by our preaching now, we have to try and establish a Krsna consciousness government first through the democratic system.
You said, “Think in terms of the whole world, not just one nation. That is our preaching.” So you are training us to think very big, global.
Prabhupada: We keep the ideal style of life. You learn and do it. I am not encroaching upon your independence, but if you want to be happy, you follow. This is our process. Apani acari prabhu jiveri siksaya. You be happy, very ideally, and people will learn. But this can be possible only on the basis of Krsna consciousness. If you make minus Krsna consciousness this thing, it will never be possible. Then it will not be possible. All these scheme will be successful if there is Krsna consciousness.
Room Conversation
with His Divine Grace A. C. Bhaktivedanta Swami Prabhupada
January 21, 1977, Bhubaneswar
…1977…
Prabhupada: (laughs) So this artificial way of banking, that will be also collapsed.
Disciple: This is revolutionary. It’s very hard for the mind to…
Prabhupada: No, simply do this.
Disciple: Such a dramatic transformation of society.
============================
It seems to always be a tug of war between good and evil forces.
Since we failed to transform society, sorry to say that, the demons have unfortunately been able, for the moment, to take control of dramatically transforming society. They have worked TIRELESSLY for the past 50 years on this transformation, see below
…summer 2020…
https://www.armstrongeconomics.com/international-news/great-reset/schwabs-daughter-confirms-covid-was-a-precursor-to-climate-lockdowns/
If the structures Srila Prabhupada had put in place would have been kept in place by the leaders the devotees would not have been dispersed and segregated all over the planet without any unity to combat those forces. For now it’s halftime and we lost this one. The opportunities have passed and we have to patiently now wait for the next opportune moment which will eventually come, by Krsna’s mercy.
…2023…
….The Aldi in Greenwich only accepts payments through the Aldi App. Aldi implemented this measure during COVID and never repealed it….As for Corbyn, he placed his cash on the counter and left the store with his strawberries. People cheered as he left the store. Aldi employees called the authorities. “I’m offering exactly the right amount of money here,” he announced, “I’ve paid my legal tender.”….
https://www.armstrongeconomics.com/international-news/great-reset/hard-currencies-fiat-v-legal-tender/
British activist threatened with arrest for using CASH in cashless Aldi grocery
https://www.naturalnews.com/2023-08-02-man-threatened-arrest-using-cash-aldi-grocery.html
This is the age of the apocalypse/Kaliyuga and the arrogant idiots at the top of the food chain have been laying the groundwork for the destruction of civilization for decades because they profit from it.
Note: The same goes for so-called Iskcon. Both systems go hand-in-hand on the same path to hell. The ELEVEN and the current leaders of their pack have ruined Srila Prabhupada’s Iskcon with their sheer outright cruelty (and get a slap on the wrist at most) one would expect only exists in some B-Rated horror movies, and with that the only hope for the world and there is no sugar coating what’s to come.
You cannot create a new system without purging the old one (again goes for both systems).
As Larry Sanger, one of the founders of Wikipedia, states plainly it is now all propaganda, they take on protective coloring and all the means of protective colouring are used to further it. https://www.armstrongeconomics.com/world-news/press/wikipedia-is-now-officially-government-propaganda-do-not-donate-anything/
“Pride is due to illusion, for although one comes here, stays for a brief time and then goes away, he has the foolish notion that he is the lord of the world” 15.5.Gita https://vedabase.io/en/library/bg/15/5/
Thank you Srila Prabhupada for my daily dose of reality. Your books are the only source of untainted Truth.
The BRICS Alliance (Brazil, Russia, India, China, and South Africa) have had rapid growth over the last decade, with average 5% per annum growth (Goldman Sachs, analysis) attracting other countries also as Britain, USA and EU head for a steep decline.
BRICS seem to be embracing ‘gold’ as the new standard as FIAT currency descends in a downward spiral and the USA starts to get very desperate and the European “Union” also teetering on the edge also.
There are signs that the western economy will completely collapse by the end of October!
This 2023 collapse was of course predicted exactly 50 years ago when Srila Prabhupada stated “In 50 years time it will all be finished!”