Pope: financial crisis shows futility of money

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   Pope Benedict says that "now with the collapse of big banks we see that money disappears, is nothing and all these things that appear real are in fact of secondary importance." He urges those who build their lives "only on things that are visible, such as success, career, money" to keep that in mind.

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John Beagle Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Official Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855	Post Options Post Reply Quote John Beagle Report Post Thanks(0) Quote Reply Topic: Pope: financial crisis shows futility of money Posted: Oct 06 2008 at 5:01pm
	Pope Benedict says that "now with the collapse of big banks we see that money disappears, is nothing and all these things that appear real are in fact of secondary importance." He urges those who build their lives "only on things that are visible, such as success, career, money" to keep that in mind.
	John Beagle Middletown USA News of, for and by the people of Middletown, Ohio.

Pacman Members Profile Send Private Message Find Members Posts Add to Buddy List Prominent MUSA Citizen Joined: Jun 02 2007 Status: Offline Points: 2612	Post Options Post Reply Quote Pacman Report Post Thanks(0) Quote Reply Posted: Oct 07 2008 at 1:03pm
	"...first the IOR (Instituto per le Opere di Religione), known better as "the Vatican Bank". The IOR was founded in 1887 to help the Pope manage his finances after the fall of the Papal States. In 1994, for the first time in its history, the bank was audited by an outside element - Price Waterhouse (today PriceWaterhouseCoopers - http://www.pwcglobal.com/). In that year, the bank had deposits of $40 billion, and annual profits of $4 million." Maybe the Pope needs to divest himself of some of the billions he has stuck under his mattress. Wonder what the value of his deposits is nowadays.

Middletown News Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100	Post Options Post Reply Quote Middletown News Report Post Thanks(0) Quote Reply Posted: Oct 07 2008 at 2:18pm
	I am surprised to hear the pope chime in on this. Those who drive in glass cars shouldn't judge.

John Beagle Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Official Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855	Post Options Post Reply Quote John Beagle Report Post Thanks(0) Quote Reply Posted: Oct 08 2008 at 5:49pm
	Primary importance, to be able to take care of yourself in old age. Seems like the pope is living confortably with money. So is he throwing stones at those who aspire to do the same? After all, how much is the Vatican worh, $4B? WOW
	John Beagle Middletown USA News of, for and by the people of Middletown, Ohio.