The way of Vedic civilization is that whatever was used in household affairs had to be valuable. In case of need, such items of value could be exchanged immediately.

Got Silver? Got Gold?

Industrial age producing unwanted things

Gold, jewels, pearls and valuable stones were used in the luxurious royal ceremonies. They are all nature's gifts and are produced by the hills, oceans, etc., by the order of the Lord, when man does not waste his valuable time in producing unwanted things in the name of necessities. By so-called development of industrial enterprises, they are now using pots of gutta-percha instead of metals like gold, silver, brass and copper. They are using margarine instead of purified butter, and one fourth of the city population has no shelter.

Never without value

It is understood from this statement that the opulences of household life were exhibited in valuable jewels, ivory, first-class marble, and furniture made of gold and jewels. The clothes are also mentioned as being decorated with golden filigree. Everything actually had some value. It was not like the furniture of the present day, which is cast in valueless plastic or base metal. The way of Vedic civilization is that whatever was used in household affairs had to be valuable. In case of need, such items of value could be exchanged immediately. Thus one's broken and unwanted furniture and paraphernalia would never be without value. This system is still followed by Indians in household affairs. They keep metal utensils and golden ornaments or silver plates and valuable silk garments with gold embroidery, and in case of need, they can have some money in exchange immediately. There are exchanges for the moneylenders and the householders.

Save time for self-realization

The conception of worldly opulence was formerly based mainly on natural resources such as jewels, marble, silk, ivory, gold and silver. The advancement of economic development was not based on big motorcars. Advancement of human civilization depends not on industrial enterprises, but on possession of natural wealth and natural food, which is all supplied by the Supreme Personality of Godhead so that we may save time for self-realization and success in the human form of body.

Improved standard of living?

DR. SINGH: Some scientists say that we have improved on nature by making things like plastic and medicine.

PRABHUPADA: In Vedic times people ate on silver and golden plates, but now the scientists have improved things with plastic plates.

Economy fueled on empty promises

PRAJAPATI: In the economy itself there isn't actually enough money to, that's even in the banks...

PRABHUPADA: That is cheating. Therefore I say cheating. I have no money. I give you simply paper. I promise to pay hundred dollars. What is the use of that promise if I have no money? But you want to be cheated. I cheat you. That's all. You are satisfied of being cheated by me; so I take the advantage and I cheat you. I give you a paper. That's all.

BAHULASVA: Real money is gold and silver.

PRABHUPADA: Any... It must be value. According to the market price, it must be value. Whatever it may be. Gold is taken, because gold is the most valuable metal. A small piece of gold, it can carry two hundred dollars. But if I give you iron, then you have to bring another, what is called, bus, to carry it. [laughter] So therefore gold standard is accepted everywhere. There is a standard price of gold, so when I pay you money, it must be, carry the value in gold. That's all. Then there is no inflation. The people want to be cheated, and people cheat. That's all.

BAHULASVA: In the Srimad-Bhagavatam, Prabhupada, you say that Kali became gold standardized.

PRABHUPADA: That is another point. That one who has gold, he can purchase these four kinds of sinful activities: meat-eating, gambling, intoxication, illicit sex. If you have money, you can get illicit sex from big, big quarters. Is it not?

KARANDHAR: Yes.

PRABHUPADA: Yes. The sinful activities have increased because the world has produced too much wealth. Because they can purchase sinful activities. And that is being increased by inflation. False money I have got, and with that false money I can purchase all this illicit sex, wine, intoxication, and... It is just like nowadays, bank is giving you a card, "Americard..." What is that?

KARANDHAR: Charge card. Bank Americard.

PRABHUPADA: Ah. So you simply show the card, you get the goods. So to exchange, it has become very cheap. So cheaply you can purchase. Therefore cheaply you can purchase sinful things also. The people are becoming sinful. The modern economy is, "Engage people in hard working to produce, and by artificial cheating, secure the goods, commodities." This is modern economy.

So a worker is getting three thousand dollar per month, but he is getting paper. But he is thinking that "I am getting money." He is giving his labor, and things are being produced. This is the policy. "Cheat him. Without giving money, give him paper, and get his labor, and produce goods." This is modern economy. Is it not? A laborer, a worker, is given high salary, high wages. So what he is getting? It is paper. And he is very enthusiastic to give his labor. So production is more. And when you go to purchase the products, then you have to pay again. Whatever you have earned, you have to pay everything, pay to the bank or pay to the man. Simply cheating process is going on....

Give me gold

PRABHUPADA: Money means gold. So instead of possessing gold, you are possessing some paper, written there, "hundred dollars." And you are such a fool, you are satisfied. You are being cheated. Bank's check and currency notes, you keep it in your..., "Oh, here is my money." Is that money? Just see.

DEVOTEE: They only do that to make it easier for them, because they've got so much money that they can't carry it...

PRABHUPADA: That's all right, but actually it is not money. You are befooled. You are such a fool that you accept a piece of paper as money. Therefore I say you are rascal. That is my business. If I say "Government, give me gold," and government has passed law, "No, you cannot possess gold," that means cheating. How I shall keep gold, that is my business. First of all you give me gold. It is due to me. But you are giving me paper. That means cheating is begun from you. HARIKESA: How will the government decide what my gold is and what his gold is? How does the gold get distributed?

PRABHUPADA: Gold coins. Formerly there was gold coins. We have seen in our childhood gold coins, silver coins. There was no paper.

HARIKESA: But you have to do something to get it.

PRABHUPADA: Yes. I will have to do something. That is another thing. But why you are cheating me? Instead of gold, you are giving me paper.