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Srila Prabhupada[Posted Jun 13, 2010]

Who Belongs in Debtors' Prison?



A.C. Bhaktivedanta Swami

Catching small fry while the big fish are getting away - what about the banksters and governments?

debtors prison Star Tribune June 9, 2010 - CHRIS SERRES and GLENN HOWATT

In jail for being in debt



It's not a crime to owe money, and debtors' prisons were abolished in the United States in the 19th century. But people are routinely being thrown in jail for failing to pay debts. go to story
CNBC June 10, 2010 - BARBARA STCHERBATCHEFF

Debt Spreading 'Like a Cancer': Black Swan Author



The economic situation today is drastically worse than a couple years ago, and the euro is doomed as a concept, Nassim Taleb, professor and author of the bestselling book "The Black Swan," told CNBC on Thursday.

...The root of the crisis over the past couple of years wasn't recession, but debt, which has spread "like a cancer," according to Taleb, who is now relieved that public attention has shifted to debt, instead of growth.
go to story



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Human life FAIL
Artificial Necessities and Artificial Money A.C. Bhaktivedanta Swami

Materialists are inventing so many artificial necessities, and those who have money, being allured by such artificial necessities, try to accumulate money to possess more and more. This is the idea of modern economic development. Everyone is engaged in earning money, and the money is kept in the bank, which then offers money to the public. In this cycle of activities, everyone is engaged in getting more and more money, and therefore the ideal goal of human life is being lost. more

Extinguish these immediately: fire, debt and disease


excerpt from conversation, Los Angeles, April 26, 1973

Big fire or small fire, fire is fire. It will burn. That's all. Chanakya Pandit has given this example: this fire, debt and disease. Never think big or small. They are always dangerous. Fire, disease and debt. How he instructed us. If you take loan from somewhere, interest compounded, one day it will become so big, unmanageable by you. Similarly fire may be very, a spark, but gradually it will so increase, oh, blazing fire. Disease also. Now there is little pain. Now, if it increases, it becomes tuberculosis. So therefore he has said: Never neglect these things: fire, disease and debt, whether smaller or higher." They're always dangerous.

In India, there is a proverb, hira and khira. Hira means diamond and khira means cucumber - it has no value, a few cents. And diamond is very valuable. But if somebody steals khira, he's criminal, and one steals hira, he's also criminal. The punishment is equal. Although he says, "I have stolen one khira, what is the value of it?" by law, he's criminal.



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Sri Guru and Gauranga
Sri Guru and Gauranga

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Artificial Necessities and Artificial Money
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