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Ep. 107: Francis Fukuyama is an idiot

The Pillar Podcast

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Is the Holy Sea Going to Be a Good Place to Start?

A friend of mine who works in a senior position in Vatican finances ballparked around about a 50% drop off in contributions to the Holy Sea over the last two years. Even in their consolidated financial statements of 2021, the Holy Sea financial officials said in public, this looks pretty good. But they said 2022 and 2023 are going to be really hard. So let's just say it's just that shortfall and there's no other aggregating factors like you took a 100 million euro bath on a London building you had to sell. For example, you're talking about a 55 million euro annual deficit? That's a lot. I don't know how you go about it.

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