The Rebbe's Financial Stimulus

B"H



The Rebbe's Financial Stimulus
By Peter Kalms
==============================

In 1972, during an audience with the Rebbe, I described the building progress of the new Community Center in London, and the serious financial pressures. Smiling, the Rebbe said, "This will of course always be so, but now the financial problems are much bigger—and that is a good sign."

The Rebbe related, "A recent visitor from South America said to me that the greatest sign of the strength of the USA is its billion dollars of deficit!"

The Rebbe concluded, "I am pleased to hear of the Center's progress, and as it continues to grow and attract more Jews for spiritual matters, this will automatically bring in additional funding for these activities." Overbearing Loans

At the end of a later meeting, likewise at a time of very difficult financial conditions, the Rebbe suddenly said, "I would like to take up a few more minutes of your time. I have heard about the high interest rate in England. What is the rate at the present time?"

I responded, "At least 15–16%, and the rates are likely to increase even further."

The Rebbe continued, "Because the rates may increase, I would like to suggest that twenty people be found to lend £10,000 each, without interest, for one or two years. As a stimulus for this, one in the United States will help, so that you only have to find 19.

"Perhaps if the first loan comes from the USA, and you find Chai (18), then the last loan can also come from here. The first and the twentieth. If successful, this proposal will save $40,000 a year."

The Rebbe added that I should feel free to tell anyone that the first part was sponsored from the USA.

"Perhaps," the Rebbe said smiling, "it is an advantage that it is not a good time to invest. One can instead make good spiritual use of his money, without negatively affecting his financial situation."

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ENCOUNTER

Bring On the Competition

"The Sages state that 'He who has 100, wants 200.' This applies to every Jew – even the greatest rabbi. The "Rashba" instructs that you must publicize those who perform a Mitzvah, because when others will try to compete it will increase Torah wisdom."

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ESSAY

The Mystery of Jewish History (By Mendel Kalmenson)

The existence of the Jewish people, not just their righteous, is a song of G-d.

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