Seriously though, I thought that during hard times people were more likely to believe in a religion. I certainly don't see this hurting any churches bottom line.In Sweden it's quite common for churches to invest their money in capital markets, so the global crisis has dramatically affected their bottom line. It is estimated that year by 2011, membership fees - the Church's main source of income - for The Church of Sweden will have dropped by 12 million USD. Furthermore, the Church's portfolio has decreased in value by 83 million USD since the beginning of 2008. Some churches will have to reduce their opening hours, others might have to close down completely. Source [Swedish].
Pope Benedict XVI, reflecting on the crashing stock markets and financial turmoil, said in October that money “is nothing” and the only solid reality is the word of God.I can see why MetaFilter atheists might not be too fond of this reminder, especially if their house of sand has recently crumbled.
“He who builds only visible and tangible things like success, career and money, builds the house of his life on sand,” the 81-year-old pontiff told bishops at an assembly in the Vatican.
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posted by sonic meat machine at 3:08 PM on January 14, 2009 [1 favorite]