Money is an illusion, says Pope Benedict XVI, referring of course to the global financial crisis which has washed away hundreds of billions of dollars, pounds and euros in the past few weeks.
There’ll be many former Lehman Brothers employees who’ll feel he has a point, though no doubt not Dick Fuld, the Lehman’s head who drove the firm into bankruptcy by not taking the best offer on the table when it was available, and yet still managed to trouser a total of $480 million in the past eight years.
Yet the Pope’s declaration is not really new. Anyone who has stood mournfully tearing up a bookmaker’s slip as the fancied horse lazily follows the field home, will have a far more profound understanding of this insight than His Holiness.
And one can bet the Vatican still has a pretty healthy treasure chest despite the recent financial meltdown.
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