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Pope says financial crisis shows money an illusion

 
Anonymous Coward
User ID: 531490
United States
10/21/2008 03:10 AM
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Pope says financial crisis shows money an illusion
this tells me he wants it all invisible like in a chip
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User ID: 531401
United States
10/21/2008 03:22 AM
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Re: Pope says financial crisis shows money an illusion
If it is only an illusion, then maybe they can do without the hundreds of millions in the Vatican Budget.
Or is that an illusion also ?



The Vatican brought in €236.7 million ($373.6. million) in 2007, but spent €245.8 million ($387.9 million), producing a shortfall of over €9 million ($14.3 million). From 2004 through 2006 the budget had run in the black, producing a total surplus of €15.2 million for that 3-year period.

These budget figures show the financial activity of the Pope, the Roman Curia, and the offices affiliated the Holy See itself, but not the Vatican city-state, which keeps a separate budget. The city-state produced a surplus of €6.7 million, down from €21.8 million in 2006.

Vatican investments yielded a surplus of only €1.4 million in 2007, as against €13.7 million in the previous year. The difference was "due above all to a sudden very strong reversal of trend in fluctuations of the rate of exchange, especially of the US dollar," the Vatican explained in its financial statement. By contrast the Vatican's real-estate investments-- which are denominated in euros-- showed a modest gain, from €32.3 million in 2006 to €36.3 million last year.
[link to www.catholicculture.org]
Anonymous Coward
User ID: 513931
Netherlands
10/21/2008 03:23 AM
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Re: Pope says financial crisis shows money an illusion
this tells me he wants it all invisible like in a chip
 Quoting: Anonymous Coward 531490


I guess that means he will have no problem with giving me some of the Vaticans illusionary money to me.
Anonymous Coward
User ID: 531345
United States
10/21/2008 05:39 AM
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Re: Pope says financial crisis shows money an illusion
this tells me he wants it all invisible like in a chip
 Quoting: Anonymous Coward 531490

He doesnt have to pay rent LOL





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