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
Summary: Americans think the nation is heading in the wrong direction. My biggest worries are 1) that our democracy is increasingly being transformed by the influence of big money into a plutocracy, and 2) we are failing to act vigorously to address the pressing emergency of global climate change. On both issues, the Republicans are playing a darkly destructive role, while the Democrats are failing to press the battle with the necessary vigor. That pattern reveals the essential core of America's national crisis. *******Are you, like me, unhappy about where you sense our nation is heading? Do you, like me, fear Read on →
Well, He Hands You A Nickel, He Hands You A Dime . . . Such was the way Maggie's brother treated workers in Bob Dylan's "Maggie's Farm," but Charles Oscar Finley doled out considerably more to the Beatles in 1964: $150,000. Charles Oscar Finley longed to be adored, if not loved, though he acted despicably at times. He considered himself a self-made man and expected other men to meet his standards, even as those standards shifted wildly. In the mid-1940s, flat on his back with tuberculosis, Finley envisioned ways to make a fortune in the health insurance business. All Finley had Read on →
How does that happen? Mostly, it's the result of a mixture of hubris and inadvertence. Humans, stuck on themselves, think they know it all. Others are convinced "all it takes is the idea" (the ExxonMobil slogan) and, as it was in the beginning, man says the word and nature is obedient. Fortunately, the age of electronics has made it possible to virtually eliminate inadvertence. We can look ahead and simulate what will happen, if we repeat the mistakes of the past. That's what James Holland is doing with the various projects at Cannon's Point in the marshes on the coast of Read on →
Summary: From the perspective of the evolution of life, it can be seen how value is an emergent -- but none the less real -- dimension of the reality of creatures like us humans. Evolution operates on the principle that life is better than death. Operating on that basis, evolution brings into existence creatures who experience that fulfillment is better than misery. That is the foundation of value. and it makes value fully real in every way it could be. Previously, I asserted that: the imbalance in intensity in the political battle raging in America is largely due to the deficiency of Read on →