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Has the Catholic church 'gone bust'?

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wolf63 | 14:09 Wed 13th Apr 2011 | Religion & Spirituality
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Near why I live is a monastery which is set in large grounds. The church want to sell off a part of the land so they can get money to allow them to meet the costs involved in improving the monastery.

http://www.bbc.co.uk/...side-central-13064818

I have no really strong views on this either way and can see the problem from both sides. If I lived nearer then maybe I would feel different.

My question is - why don't the catholic church just dig into the huge reserves of money that they have stashed away to pay for such costs?
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Not all monasteries are associated with the Catholic church
Most are self-supporting. All income gleaned will go towards their choice of exes.
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Now I am even more confused.
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If they are all self supporting why does the Pope and his henchmen have zillions of pounds stashed away?
Who knows what the pope has stashed away, if anything ? Most of the stuff the present pope uses or has is accounted for by trustees of the faith. I dont see the pope with any personal property.
The pope doesn't sport a gold watch

http://en.wikipedia.org/wiki/14th_Dalai_Lama
The pope may not sport a gold watch but I noticed one of his bishops wearing a rolex a couple of months back. I guess if the pope wants to know the time he just asks the nearest bishop.
land disposal is a commercial venture that schools, councils, hospitals and other organisations consider in order to boost funds for revenue.

i imagine the church and monastery are no different. a catholic shool where i grew up was sold off for redevelopment. it was turned into fancy flats and a football ground extension/ kerching.

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