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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?

Expressions researched:
"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"

Conversations and Morning Walks

1976 Conversations and Morning Walks

That's it. Actually it is losing. Actually it is losing. Every day the price... Just like the price of rice has increased.
Room Conversation About Mayapura Construction -- August 19, 1976, Hyderabad:

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.

Page Title: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?
Compiler:SunitaS, Rishab
Created:16 of Aug, 2011
Totals by Section:BG=0, SB=0, CC=0, OB=0, Lec=0, Con=1, Let=0
No. of Quotes:1