- Important: All passwords were reset on 06/15/11. Old passwords will no longer work. Click here to retrieve your password.
- Subscribe to Our Free Dewsletter
We are non-commercial, all volunteer and supported by our readers. Please help sustain the Dew by making a donation.
Laundering More Than Sin
Give Unto Caesar
The IOR is, apparently, not a believer. The IOR, in case that acronym is unfamiliar, is the Istituto per le Opere di Religione, the Vatican’s bank. That’s right, the place where the Church of Rome collects money is where the work of religion originates. “In God We Trust”
Anyway, the Vatican’s bank is in bad odor with the Bank of Italy, as the Economist reports
…a decision by Italy’s central bank, which doubles as the country’s banking regulator. Payment services in Vatican City have been provided by the Italian arm of Deutsche Bank since 1997, but it did so with out the necessary authorisation. So the Bank of Italy told it to stop processing the payments. It even refused Deutsche’s request for a moratorium.
There is a suspicion that money laundering is going on! Who would have guessed? For background, see this KOS post.
The irony of money is that it leaves no finger prints, but it can be traced. No wonder the Vatican is rumored to be buying gold. At least that can be reworked into sacred artifacts that don’t have to be surrendered to Caesar on demand.
Worthy of Comment
Also on the Dew
But the sacred is something that Liberal America, by and large, has not been tapping into. That was not always true. One can sense the sacred in the words of FDR, for example, engraved in the granite in that memorial on the National Mall. (And FDR was not shy about going toe to toe against his enemies, whether it be to help make the nation a better place or to stop the predations of the fascist powers against much of the world.) That was then. But if one listens to the voice of Liberal America in these times, one does not get Read on →
I recently had the pleasure of roaming about the grounds of the Carter Center in Atlanta. It was an early Sunday morning before any of the buildings were open and I had the place pretty much to myself except for one lady who volunteers there and was fidgeting around in one of the small side gardens. I didn’t tromp over the entire thirty-five acres, but I covered enough to be impressed with the design and the number of large Oaks that provided much needed shade from the bright sunshine and heat. The visit took me back in time to when I w Read on →
The French Impressionists attempted a rendering of what they saw, an "impression" yes, but the interesting aspect is best illustrated by Seurat's Pointillism. Interesting because in the late 1800s there was a shift in emphasis among painters of an adventurous nature, what came to be called the "avant-garde," from the "subject" depicted to the "act" of perception. This shift may have grown out of or been influenced by then current scientific theories of how the eye works, but I believe it was based in an emerging self-awareness. The excitement was not about "how" I see but "that" I see. I Read on →
More than a century ago the “forgotten man” of Mississippi and across the South — the farmer, the common worker — decided he’d had enough of “Wall Street speculators who gambled on his crop futures; the railroad owners who evaded his taxes, bought legislatures, and over-charged him with discriminate rates; the manufacturers, who taxed him with a high tariff; the trusts that fleeced him with high prices; the middleman, who stole his profit.” The forgotten man was so angry, historian C. Vann Woodward goes on to say, that he created a movement. It came as close to toppling our two-party system as any effort Read on →