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A.C.Bhaktivedanta Swami Prabhupada
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© 2004 - Hansadutta das
February 28, 2007]
Howling in the MarketA.C. Bhaktivedanta Swami
Financial Times - 27 February 2007 CHRISTOPHER BROWN-HUMES in London, GEOFF DYER in Shanghai and MICHAEL MACKENZIE in New York Shares plummet on fears of global slowdown
US stocks suffered their steepest drop since the invasion of Iraq in 2003, after the biggest fall in Chinese shares for a decade and slides in other global stock markets triggered a sharp rise in risk aversion. The Dow Jones Industrial Average was down more than 500 points at one stage on Tuesday afternoon as concerns over Iran, worries about the US subprime mortgage market and a warning about a possible US recession from Alan Greenspan, former chairman of the Federal Reserve, punctured recent market optimism. There was a sell-off in higher risk credit markets and a rising yen signalled the beginnings of an unwinding of the global carry trade, where investors borrow in currencies with low interest rates to buy higher-yielding assets elsewhere.
Mainland Chinese shares fell nearly 9 per cent amid fears that the authorities were planning a crackdown to cool the market’s exuberance. Traders said it was highly unusual for events in Chinese markets to have a global impact, but saw it as a sign of China’s increasing influence on the global economy.
“This goes to show that everything is made in China these days,” said Tim Bond at Barclays Capital, the investment bank.
The business of life
excerpt from lecture on Srimad-Bhagavatam 1.2.8, Bombay, December 26, 1972
have got some demands of body—eating, sleeping, mating. That's all
right. But don't use it..., don't spoil it by sense gratification. You
can eat; there are so many nice thing, krishna-prasadam [sanctified food]. Why should you eat meat? Why
should you eat, drink and all nonsense? Be little frugal. No aindriya
pritih, kamasya nendriya pritih jivetayavata. You simply taste
such foodstuff, krishna-prasada, so that you can lead very
healthy life and execute your Krishna consciousness business. It is not
that you have to voluntarily stop and make yourself weak. No. In the Bhagavad-gita
also it is said, yuktahara-viharasya, yoga bhavati siddhira.
Artificial starving, artificial vairagya [austerity,
penance] has no meaning. You should live nicely, but not for
sense gratification. That is the recommendation of the shastra.
Don't indulge in sense gratification, but live very healthy life so
that you can execute Krishna consciousness. Kamasya nendriya
pritih jiveta yavata-jivasya tattva-jijñasa. The real
business is jivasya. Our, we living entities, our real business
is tattva-jijñasa. This tattva-jijñasa...
Therefore Srimad-Bhagavatam is commentary on the Brahma-sutra,
Vedanta-sutra. As Vedanta-sutra
gives the code, athato brahma jijñasa: this life
is meant for brahma-jijñasa, inquiry about Brahman. The
same brahma-jijñasa and tattva jijñasa is
the same thing. Here also the same thing, as Bhagavata
begins, janmady asya yatah [SB 1.1.1]. You'll find all
the codes of Brahma-sutra or Vedanta-sutra
in Srimad-Bhagavatam, very nicely explained. It is
practically the explanation of Vedanta-sutra. Here it is athato
brahma jijñasa. What is that brahma-jijñasa?
That is explained here in the Srimad-Bhagavatam, jivasya
tattva-jijñasa. The same thing, athato brahma
jijñasa and jivasya. This human form of life is
especially meant for inquiring about the Absolute Truth, tattva-jijñasa.
Jivasya tattva-jijñasa na artha yash ceha karmabhih.
You are working so hard, simply for maintaining your body. No. It is
not. You work hard, keep yourself fit, but live for tattva-jijñasa.
That is life, tattva-jijñasa: What I am? What is God?
What is this material world? Why I have come here? Why I am put into so
much trouble? These are the inquiries. Not that everyday go to the
share market. That is not tattva-jijñasa. That is indriya
pritih, howling in the market.
Sri Guru and Gauranga
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Aim of Life
World Community - Government, Economy, Politics
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