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We have got business. Why shall I keep in the bank? This is the policy. If your money is idle, we can spend it in our books, in our purchasing land in temple, constructing temple, developing...

Conversations and Morning Walks

1976 Conversations and Morning Walks

Yes. We have got business. Why shall I keep in the bank? This is the policy. If your money is idle, we can spend it in our books, in our purchasing land in temple, constructing temple, developing...

Room Conversation About Mayapura Construction -- August 19, 1976, Hyderabad:

Prabhupāda: Yes. Anyway, if I take away something from you in this room and I keep it somewhere in this room, then where is the difference either with you or with me? That was going on during Mohammedans' ruling. But these people, they took away from the room. So India became poverty-stricken.

Jayapatākā: One more thing. Locally that bank that opened there...

Prabhupāda: They are... They are crazy fellows.

Gargamuni: That bank is worthless. They don't know anything about banking. They are farmers.

Prabhupāda: Forget it. If bank like Central bank or United, that bank... They are useless, and they are asking ten lakhs of rupees deposit.

Jayapatākā: Five lakhs. They will give interest. They'd like a fixed amount...

Prabhupāda: So who believes them?

Gargamuni: No, but I don't trust that bank because they already tried... They kept fifty thousand rupees. It took us two weeks to get that.

Jayapatākā: They didn't have any signature.

Gargamuni: It doesn't matter, though. It's still...

Prabhupāda: They are not... It is a small cultivator's cooperative.

Gargamuni: I wouldn't trust a small bank. At any time they can lose. They only have three or four branches.

Jayapatākā: They're backed by the Reserve Bank.

Gargamuni: It doesn't matter.

Jayapatākā: What do you mean, it doesn't matter? What big bank?

Prabhupāda: Then who is going to deposit five lakhs of rupees with them? That is not possible.

Jayapatākā: Yes, that's all right, but as far as the bank goes...

Prabhupāda: That's all right. We can go on without the business. We cannot deposit.

Jayapatākā: Any banker goes there, they'll want a deposit.

Prabhupāda: Yes. Why should we deposit five lakhs of rupees? The money value is decreasing daily.

Jayapatākā: We get credit.

Prabhupāda: If you deposit five lakhs now, it will decrease value in five, ten months. The purchasing power of money is decreasing. Now what you can purchase with five lakhs of rupees, after five years you'll require ten lakhs. So your money will decrease. And if you invest that money in land, after five years it will increase to its full extent (?). So why should we waste our money? What is the benefit?

Gargamuni: The farmers don't keep their money in the banks. The government is trying to force the farmers to keep their money in the bank. The farmers don't want to do it.

Prabhupāda: Farmers' policy is if they have got money, they purchase land. Therefore they are making ceiling. The whole policy is not so good (?). Farmers, as soon as they get some money, they want to invest the land but the ceiling..., so they cannot invest money in the land; they give to the bank. And as soon as you keep money in the bank it will decrease the value. This is... Money is decreased, value of all over the world. Because it is not money actually; it is paper, cheating. Real money is gold. But they will now allow to keep the gold. The whole policy is vicious. If I purchase gold with five lakhs of rupees, then it is real money, and after five years I can sell it ten lakhs. That they will not allow. Therefore I... My policy is that whatever money is there, spend. Don't keep. In land and produce food. That is the best use of. All buildings, government (for men?), there is no need of. And instead of keeping money and take interest, you print books. That is also good. You can sell. Or you purchase land for producing food.

Gargamuni: If we stock money, then there'll be no preaching. But if we print books, then we have to sell the books. So that is preaching.

Prabhupāda: Therefore I am insisting all over, "Print any book." Never mind either Hindi or English or... Print book and keep it in stock, nicely.

Gargamuni: And gradually we will sell. Then we will preach. Otherwise, if we...

Prabhupāda: That is the purpose of my Bhaktivedanta Trust. Fifty percent must be spent for printing and fifty percent for building. That's all. No money. Don't keep any account.

Gargamuni: Then the government will never get envious because there's nothing there.

Prabhupāda: Yes. And we haven't got to keep so many accountant, auditors, and other nonsense, unnecessary things. As soon as there is collection, invest the money in some building or in making some book, book printing. Follow this policy. I am very much eager. I have got money here and there, but I want to spend it in this way. So therefore I am advising take this. We shall invest renovating them and in developing them. Spend money. Don't keep money.

Jayapatākā: Yes. So I'll tell them our policy is changed. We don't keep any more money in fixed deposit because it's a losing bargain?

Prabhupāda: That's it. Actually it is losing. Actually it is losing. Every day the price... Just like the price of rice has increased.

Jayapatākā: It is up and down.

Prabhupāda: Up and down, now... Take it. When it goes up it does not come down, generally. So this is practical example. Two months ago you were purchasing two rupees—now two-eighty. So where is the value of the money?

Gargamuni: If we invest in books... Just like this little pamphlet I printed. It cost me fifty paisa. If we sell it in one month...

Prabhupāda: Yes.

Gargamuni: Then we will get fifty paisa profit. We will double our investment.

Prabhupāda: That was nicely... That was nicely printed. So in this way invest our books or land. We don't want to keep cash.

Jayapatākā: And if they want to keep branch or not, that is up to them. We can't give them any money. If they want to keep branch or not, that's up to them.

Prabhupāda: That should be up to them. If they keep branch we can take that. They'll go on.

Gargamuni: We will tell them frankly that for us to invest in books is more profitable because after one month we get more.

Prabhupāda: We cannot keep money and without any... They will give interest. What is that interest? And he said we have printed fifty paisa and selling hundred paisa. So that much interest they cannot give. They'll give, utmost, ten percent. Ten percent per annum—not even one percent in a month.

Gargamuni: Your books will be our bank.

Prabhupāda: Yes. We have got business. Why shall I keep in the bank? This is the policy. If your money is idle, we can spend it in our books, in our purchasing land in temple, constructing temple, developing...

Page Title:We have got business. Why shall I keep in the bank? This is the policy. If your money is idle, we can spend it in our books, in our purchasing land in temple, constructing temple, developing...
Compiler:Visnu Murti
Created:09 of Dec, 2009
Totals by Section:BG=0, SB=0, CC=0, OB=0, Lec=0, Con=1, Let=0
No. of Quotes:1