PhilipTheBucket@ponder.cat to

Global News@lemmy.zip · 6 months ago

Vatican “on the brink of Bankruptcy” due to dramatic decline in donations

www.irishstar.com

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Vatican “on the brink of Bankruptcy” due to dramatic decline in donations

www.irishstar.com

PhilipTheBucket@ponder.cat to

Global News@lemmy.zip · 6 months ago

The Vatican has found itself in the middle of a critical financial crisis, which threatens to jeopardize the livelihood of retired clergy and staff worldwide

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jacksilver
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6 months ago
If there are physical assets to back up the loans, doesn’t that make it less of a scam than crypto.

Maybe not a good business strategy, and maybe the loans outweigh the “true” value of the assets, but there is something backing it.

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