Government must stop this paper currency.
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[Posted February 7, 2006]

Paper Currency is Cheating

by His Divine Grace A.C. Bhaktivedanta Swami Prabhupada

Founder-Acharya of the world-wide Hare Krishna Movement, Brahma Sampradaya Acharya

Srila Prabhupada
Morning Walk Conversation with disciples at Villa Borghese, Rome, May 25, 1974

www.financialsense.com, Sunday, February 25, 2006--by Eric Andrews--Island Economics

With the Iranian Oil Bourse set to open in a month, there has been a lot of discussion about its meaning and consequences. A reasonable person might ask, "What's the difference what oil is priced in? Can't you just exchange currencies?" So for anyone skeptical about the existence of a Petrodollar and the "Exorbitant Priviliege" it lends via inflationery extraction, join me on a little trip to a place I call: Gilligan's Island.


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Yogesvara: The land in the Vedic culture, some of it was...?
Prabhupada: Land belongs to the king, and you take land for cultivation, and you pay 25% tax to the king. That's all. All taxes. If you don't produce, then don't pay tax.
Yogesvara: Oh, it wasn't forced that you had to pay so much.
Prabhupada: No.
Atreya Rsi: You pay 25% of what you have produced.
Prabhupada: What you have produced, that's all. Very simple thing. Everyone was engaged producing. There was no necessity. And here the rascals are advising, produce bolts and nuts, tire, and drill petrol. They are not producing food. And the so-called government men, they are levying taxes, and they are enjoying. They haven't got to produce food. They are killing animals, eating, and digesting with wine. And then woman. That's all. This is their business. And food price is increasing daily. They don't mind because they will print paper, and to the supplier they will give paper. That's all.
Bhagavan: Print more paper.
Prabhupada: Yes. That's all. This is the civilization, cheating, bluffing. That's all. They don't care for the citizens. And as soon as there is some agitation, they declare war, so that they can be engaged, attention is diverted. This is going on.
Bhagavan: Now with paper money, any country can print any other country's money.
Prabhupada: Yes. That is going on. Therefore inflation. Suppose I am an enemy. I print dollars like that, and distribute. So the inflation is there. And the price is increased. If you get money for nothing, you will be prepared to pay anything. Suppose there is one mound of rice. I have got these printed notes. You are offering ten rupees. I will say twenty rupees.
Atreya Rsi: That's inflation.
Prabhupada: That's all. Because I did not earn this money, I have printed. I am prepared to twenty rupees. So he says, "Why shall I pay ten rupees? I must wait for the customer, for twenty rupees, and hoard it." Even there is sufficient stock, he will not sell. Therefore the other man, who is honest, he is suffering. This is going on. So to stop this inflation, the government must stop this paper currency. Then the inflation... There will be no more inflation. But that they will not do. They want to cheat people. "In God I trust. Take this paper and you be satisfied that you have got thousand dollars." That's all. This cheating is going on. Why should you pay me paper? Give me real dollar, in gold. That they have none. They haven't got. That's all. They will employ laborers and cheat them by paying these papers, and this rascal will think that "I am getting more money." That's all. Since this world has taken this paper currency, the situation has degraded. Formerly there was barter exchange. That was very good thing. Still in Indian villages, the remote villages, there is barter. Yes. He has produced some grains, paddy. He will bring to the storekeeper. And the storekeeper will take, "For so much oil, you have to give me so much paddy." So he will weigh and keep it and give him oil. So he will arrange to sell the paddy. But for the villagers, he brings the paddy and he takes. They require little salt, little oil, some spices. That's all. Otherwise they have got their own thing. They have got dahl, their rice, wheat, everything. They have produced. In this way, still there are, Indian villages. There is no question of scarcity.
Bhagavan: The easiest way to manage, then, is to have everything more or less in small villages.
Prabhupada: Yes, that was Gandhi's philosophy, village organization. These people, they are attracting villagers to work in the factory, and they are exploiting them. Instead of producing food, they are attracted by so-called high salaries, to the factory, and they are producing bolts and nuts, motor parts. But food is produced somewhere else. But the food producers, they are working in the factory. Therefore scarcity of foodstuff. But this factory owner, he has got more money. He doesn't care. The poor public, they are suffering. Our philosophy is that you produce your food anywhere. You stay, and keep cows, take milk, produce vegetables, food grains, and chant Hare Krishna. That's all. This is our philosophy. Make your life successful. By becoming Krishna conscious, you become free from all these troubles of material condition. This is our education. Don't be after these motorcars, television, and all nonsense things, sporting, wine, women. Don't be after these. Simply eat sufficiently, keep your health nicely, chant Hare Krishna, realize Krishna, and go back to home. This is our philosophy.
Satsvarupa: But sometimes, because this materialistic society is so far advanced, you say we cannot actually hope to change it.
Prabhupada: No, no. That is a fact. We cannot hope to change. But we request everyone to chant Hare Krishna.
Yogesvara: In their factory or wherever they are.
Prabhupada: Yes. Because it is very difficult to close the factory. That is not possible. So whatever you have done, it is all right. But you chant Hare Krishna. Then things will be adjusted. We are giving chance to everyone, who is degraded or who is not degraded, by the simple method of chanting Hare Krishna. We do not neglect anyone. We do not say, "You are neglected. We don't accept you." No. I accept you and I accept others.


Paper Currency is Cheating/ WORLD SANKIRTAN PARTY
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