How Rich Is the Catholic Church? It’s Impossible to Tell

How much real estate does the Catholic Church own? What are its equity holdings? These questions, and more, not answered.

TheStreet

Emily Stewart SEP 22, 2015

How Rich Is the Catholic Church? It's Impossible to Tell

NEW YORK (TheStreet) — Feeling guilty about investing in “sin” stocks, like makers of guns, cigarettes and alcohol products? Don’t. Over the course of its history of investing, the Catholic Church has done much worse. 

In the 1960s, Italian media uncovered evidence that the Vatican had invested in entities that conflict directly with the church’s holy mission, including Istituto Farmacologico Serono, a pharmaceutical company that made birth control pills, and Udine, a military weapons manufacturer. There have also been unconfirmed rumor of church money in firearms manufacturer Beretta and companies with activities in gambling and pornography. It has been linked to dealings with Nazi gold during World War II as well.

Continue reading “How Rich Is the Catholic Church? It’s Impossible to Tell”

Top 5 financial transgressions committed by the Vatican

EUROPENANCEO

Author: Sophie Perryer

The Vatican’s ultra-secretive culture and dubious financial dealings have frequently mired it in scandal. We chart the most memorable

Feature image
The Vatican’s finances have long been shrouded in mystery, but its involvement in a number of scandals over the last 100 years have shed some light on the city-state’s secretive dealings

The Vatican is exceptional in every sense of the word. The tiny city-state, surrounded by Rome, is the smallest state in the world by area and population, yet it wields a unique power over the world’s 1.2 billion Catholics, by dint of the fact that it holds the seat of the religion’s church.

It is independent of, yet fully owned by, the Holy See, the ecclesiastical jurisdiction of the Pope. It is, quite literally, a law unto itself.

The Vatican’s relationship with the EU is complex. Despite being located within a central EU member country, the state is unable to join the union as it does not adhere to the Copenhagen Criteria.

These regulations, laid out by the European Council, dictate that candidate states must be free market democracies. The Vatican is an elective and ecclesiastical monarchy, with the only economic actor being the state itself.

Continue reading “Top 5 financial transgressions committed by the Vatican”

Fraud Thriving In U.S. Churches, But You Wouldn’t Know It

Forbes

Nov 18, 2013

Walter Pavlo

uncaptioned Washington Post’s investigation on fraud into nonprofit organizations revealed that incidents are either not reported at all or reported but not directed to authorities … bad news, like “theft,” does not sit well with contributors. When I looked at the list of nonprofit organizations in the Post’s story, I did not see any churches on it so I called my good friend Alton Sizemore of Forensic Strategic Solutions, Inc. in Birmingham, AL to see why he thought that was the case. Sizemore told me, “The reason you did not see any churches on the list is because churches are not required to do an annual report.”  What?!”

Sizemore pointed me to a line in the tax code:

“Every organization exempt from federal income tax under IRS 501(a) must file an annual information return except: 1) A church …. “

 

Continue reading “Fraud Thriving In U.S. Churches, But You Wouldn’t Know It”

Top 5 financial transgressions committed by the Vatican

EUROPEANCEO

Author: Sophie Perryer

The Vatican’s ultra-secretive culture and dubious financial dealings have frequently mired it in scandal. We chart the most memorable

Feature image

The Vatican is exceptional in every sense of the word. The tiny city-state, surrounded by Rome, is the smallest state in the world by area and population, yet it wields a unique power over the world’s 1.2 billion Catholics, by dint of the fact that it holds the seat of the religion’s church.

It is independent of, yet fully owned by, the Holy See, the ecclesiastical jurisdiction of the Pope. It is, quite literally, a law unto itself.

Continue reading “Top 5 financial transgressions committed by the Vatican”

The craziest financial schemes that the Vatican Bank tried to cover up

BUSINESS INSIDER

Stephanie Yang Feb. 27, 2015

The new elected Pope Benedict XVI greets thousands of pilgrims from the balcony of the St. Peter’s Basilica at the Vatican REUTERS/Kai Pfaffenbach

From running on donations to becoming an international holding company, the Catholic Church’s financial past is littered with secrets.
So much that author Gerald Posner wrote hundreds of pages chronicling the institution’s financial scandals in his new book, God’s Bankers.

A little history:

Years ago, the Vatican financed its operations with donations and indulgences, free passes for sins in exchange for money. In the early days, the Vatican made little effort to keep track of finances, which meant the institution was rife with extravagant spending and embezzlement.

After teetering on the edge of bankruptcy several times, the Vatican appointed Bernardino Nogara as its new financial advisor in 1929, who straightened out the church’s finances and grew a $92 million investment from Benito Mussolini into almost $1 billion.

Continue reading “The craziest financial schemes that the Vatican Bank tried to cover up”

Vatican City: True Financial Crime and Murder

THE HUFFINGSTON POST

THE BLOG 11/09/2012

By Janet Tavakoll

Those who believe we don’t need smart and effective crime-stopping financial regulation have only to look at the smallest independent city-state in the world, Vatican City. The tiny oligarchy is surrounded by Italy and ruled by the Pope. It also has its own bank. If you can’t trust the Vatican Bank, whom can you trust? The answer is no one. At least not without proper controls and consequences for wrongdoing in this lifetime.

A Murder, a “Suicide” and Bank Collapses

Roberto Calvi, chairman of Milan-based Banco Ambrosiano, was found hanging by the neck under Blackfriars Bridge in London in June of 1982. Banco Ambrosiano had just collapsed, and London authorities deemed his suspicious death a suicide.

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TUTTI GLI SCANDALI DEL VATICANO Una Chiesa segreta,occulta,nascosta,inimmaginabile:culti pagani,genocidi,morti bianche,relazioni pericolose,pedofilia.Alla scoperta dello Ior,la banca vaticana e delle ricchezze di una Chiesa,sempre più lontana dagli insegnamenti di Gesù

La Chiesa Cattolica Romana ha la riserva di oro più grande al mondo…

di MaxP
Il maggiore e singolo detentore di lingotti (ingot/bullion) rispetto a qualsiasi altra organizzazione nel corso dei trascorsi 1.000 anni è, ed è sempre stato, il Culto Romano che controlla la Chiesa Cattolica.
La Chiesa Cattolica Romana controlla approssimativamente 60.350 tonnellate d’oro, due volte la dimensione delle riserve ufficiali totali di oro di tutto il mondo, o approssimativamente il 30,2% di tutto l’oro mai estratto/prodotto. A prezzi correnti, è possibile stimare il valore di tali beni che costituiscono il più grande tesoro della storia dell’umanità in oltre 1.245 miliardi di dollari statunitensi ($).

Continue reading “TUTTI GLI SCANDALI DEL VATICANO Una Chiesa segreta,occulta,nascosta,inimmaginabile:culti pagani,genocidi,morti bianche,relazioni pericolose,pedofilia.Alla scoperta dello Ior,la banca vaticana e delle ricchezze di una Chiesa,sempre più lontana dagli insegnamenti di Gesù”

Il Vaticano indaga su se stesso, un sistema di potere interno che sfiora gli uomini al vertice

La Sala stampa: “Il cardinale Bertone non è indagato”. Una negazione che vale un’ammissione clamorosa: da oggi questa possibilità esiste. Ecco le domande cui l’inchiesta dovrà dare risposte

DI MARCO DAMILANO
REAZIONI
image-2Il Vaticano indaga su se stesso, un sistema di potere interno che sfiora gli uomini al vertice
La Sala stampa: “Il cardinale Bertone non è indagato”. Una negazione che vale un’ammissione clamorosa: da oggi questa possibilità esiste. Ecco le domande cui l’inchiesta dovrà dare risposte

Continue reading “Il Vaticano indaga su se stesso, un sistema di potere interno che sfiora gli uomini al vertice”

Vatican had a billion euros off the books

http://www.catholicherald.co.uk/news/2015/07/17/vatican-had-a-billion-euros-off-the-books/

The hidden assets were reported by the first financial statements to be released under new rules

Under new reporting procedures that are more in line with international accounting standards, the Holy See has reported €1 billion in net assets that had never been reported before and in a consolidated form.

The Vatican’s final figures for 2014 also showed a continued budget deficit on the part of the Roman Curia and nearly double the profits brought in by entities falling under the separate Vatican City State budget.

In fact, the profits coming from the Vatican Museums, “cultural activities” and investments offset the deficit in the consolidated budgets of the Roman Curia and Vatican communications outlets to help the Vatican end the year €38 million euros in the black.

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Kevin Annett Exposes Dark Secrets of the Vatican and Its Affiliated Churches

putevi-kriminalne-moći.novac.nekretnine.pokretninehttp://omnithought.org

April 26, 2014

Many people don’t realize that the Vatican and its affiliated churches are committing crimes against humanity by financing and supporting child trafficking, wars and genocide. The reason why you don’t hear about these dark secrets of the Vatican in the Western mainstream media is because most Western media outlets are owned and controlled by the New World Order (NWO).

Did you know the Vatican is a corporation?

Most people don’t realize that Vatican City, which is located in Rome, is a sovereign country within Italy. Since most people don’t know that Vatican City is a country, it isn’t surprising that most people are unaware that the Vatican is a corporation. In terms of revenue, the Vatican is one of the most profitable corporations.

The NWO is a secret organization made of secret societies and controlling groups of people that have one thing in common; to establish a one world government to control and enslave the people of the world. For millennia, they have been working very hard from behind the scene to infiltrate government agencies and financial and religious institutions. Unfortunately, they have achieved many of their goals, which is why we are losing more of our freedom and liberty everyday. If you want evidence of these claims, read this shocking but empowering article

Did you know the Vatican is a corporation?

Most people don’t realize that Vatican City, which is located in Rome, is a sovereign country within Italy. Since most people don’t know that Vatican City is a country, it isn’t surprising that most people are unaware that the Vatican is a corporation. In terms of revenue, the Vatican is one of the most profitable corporations.

Continue reading “Kevin Annett Exposes Dark Secrets of the Vatican and Its Affiliated Churches”