Thread: The bloody Pope makes new sins...
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Old 11-03-2008, 05:53 PM   #11 (permalink)
Little Chuchok
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Quote:
Originally Posted by DrB0b View Post

No particularly accurate, Milky. Sales of indulgences stopped several centuries ago and I don't see what relevance they have to Vatican finances today. If you take into account inalienable assets like artworks and Vatican State property, which in general can't be sold as they're considered part of the Vatican patrimony, then yes, the Church is obscenely wealthy but if you take a more balanced view of wealth, concentrating on liquid assets, it's not obscenely wealthy at all. The Vatican often runs at a deficit. Its yearly operational budget is about 200 million USD. Price Waterhouse Cooper's last audit of the Vatican Bank (real name, Institute of Religious Works) showed that with deposits of 400 Billion USD it made an annual profit of 4 Million USD.
The Catholic Church in NZ is worth an absolute truck load.They own a shitload of leasehold land that would be worth squillions.........
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