Pope: financial crisis shows futility of money
Printed From: MiddletownUSA.com
Category: Outside World
Forum Name: News, Info and Happenings outside Middletown
Forum Description: It might be happening outside Middletown, but it affects us here at home.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=583
Printed Date: May 09 2025 at 10:54am
Topic: Pope: financial crisis shows futility of money
Posted By: John Beagle
Subject: Pope: financial crisis shows futility of money
Date Posted: Oct 06 2008 at 5:01pm
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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. ------------- http://www.johnbeagle.com/" rel="nofollow - John Beagle Middletown USA News of, for and by the people of Middletown, Ohio. |
Replies:
Posted By: Pacman
Date Posted: Oct 07 2008 at 1:03pm
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"...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/ - 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.
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Posted By: Middletown News
Date Posted: Oct 07 2008 at 2:18pm
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I am surprised to hear the pope chime in on this.
Those who drive in glass cars shouldn't judge.
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Posted By: John Beagle
Date Posted: Oct 08 2008 at 5:49pm
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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 ------------- http://www.johnbeagle.com/" rel="nofollow - John Beagle Middletown USA News of, for and by the people of Middletown, Ohio. |