Parable of the wicked Mammon

[gkrudan76]

Or else perishest thou, though thou hast a thousand holy candles about thee, a hundred ton of holy water, a ship-full of pardons, a cloth-sack full of friars' coats, and all the ceremonies in the world, and all the good works, deserving, and merits of all the men in the world, be they, or were they, never so holy.

This is a part from "Parable of the wicked mammon" by William Tyndale

I wonder what this part means. Anybody have a clue?:confused5::confused5::confused5:

[The Atheist]

It doesn't matter how many favours one buys, only one's actions will decide one's fate.

[Drkshadow03]

It's part of an argument for justification by faith alone (or primarily). The central idea being expressed here is that no amount of Catholic favors or good deeds is enough to save a person's soul.