Pope: Crisis Shows Futility of Money

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CBNNews.com - Pope Benedict weighed in on the global financial crisis Monday, saying it shows just how futile "money and ambition" are.

Benedict told bishops at the Vatican today that the collapse of big banks shows the fleetingness of money.

"Now with the collapse of big banks we see that money disappears, is nothing, and all these things that appear real are in fact of secondary importance," Benedict said.

He urged those who build their lives "only on things that are visible, such as success, career, money" to keep that in mind.

"The only solid reality is the Word of God," he said.

The pope made the remarks as he opened a meeting of 253 bishops at the Vatican.

Click the play button for more on the financial crisis with Dr. James Flynn of Regent University.

Sources: CBN News, The Associated Press

*Original broadcast October 6, 2008.

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