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Almost a quarter of the $79.8 million worth of offerings it received came from collections made in US churches. But as the dollar lost 15% of its value against the euro, the Catholic Church’s governing body made a loss of $14.3 million in 2007.
The Vatican Television Centre, which broadcasts the Pope’s regular audiences in St Peter’s Square and reports on his visits abroad, made a profit of almost 500,000 euros, while the Vatican Publishing House ended the year with a surplus of 1.6m euros.
Doesn’t everyone worry about religions going out of business?
Doesn’t everyone worry about religions going out of business?
Uh, no.
#1 – well, that’s a shame.
“Doesn’t everyone worry about religions going out of business?”
hmmmm, NO, that would be good thing.
Unfortunately, it will not go out of business for some time. They are sitting on billions in gold in their vault under the Vatican. You know from the bloody crusades and such. Killing and stealing in the name of god.
It isn’t just the Vatican, though they’ve got a lot of dinero as money, art, real estate, etc. Most religions have a lot of money hidden away. Usually they justify it as money for the conversion of souls, but there are a lot of stretch limos, huge churches and the like out there.
Non-Christians do the same thing of course. There’s a Buddhist temple in my home town with gilding on parts of the roof. I suspect the Muslims and Hindus have a lot of cash squirreled away also.
I guess this soundly disputes the notion that churches are not for profit … as if the vatican itself did not already do so.
Maybe they need a nice new (by church standards) theme song to spruce things up a bit.
http://www.youtube.com/watch?v=3f72CTDe4-0
…genuflect,
genuflect,
genuflect….
That’s from memory, I haven’t watched the vid yet.
J/P=?
Catholicism was in China and the Middle East 300 years before Islam, Buddhism and Confucius. It’ll ride this bump.
The christians are going out of business in Bagdad under American control. They are either being killed or fleeing the country.
We have the Catholic CEO (Pope) arriving in Sydney for the Offical World Youth Conference. What it is little known is that it is unofffically called the Catholic World Youth Conference.
The NSW state government has shelled out $80 million to host this godfest. The Catholic Cathedral in Sydney for this little gathering, has had the whole marble floor resurfaced and a new alter in place.
We as tax payers have given one of the richest organizations in the world 80million.
So with donations like that, they will never go broke.