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Pope: Meltdown Shows Money Is 'Nothing'

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Oct 6, 2008 4:15 pm US/Central

Pope: Meltdown Shows Money Is 'Nothing'

VATICAN CITY (CBS News) ― Pope Benedict XVI says the global financial crisis shows the futility of money and ambition.

"He who builds only on visible and tangible things like success, career and money builds the house of his life on sand," the pontiff says.

"We are now seeing, in the collapse of major banks, that money vanishes, it is nothing," the pope adds.

The pontiff was speaking Monday as he opened the works of a meeting of 253 bishops at the Vatican.

Benedict says "the only solid reality is the word of God."

(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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