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Started By
Message
Pope Francis instructs Vatican entities to move all funds to Vatican bank by Sept. 30
Posted on 9/8/22 at 5:34 am
Posted on 9/8/22 at 5:34 am
Nothing to see here
LINK
LINK
12
Posted on 9/8/22 at 5:35 am to DingleBarry
Needs a Rolls Royce Pope Mobile
Posted on 9/8/22 at 5:59 am to DingleBarry
The rats are fleeing the sinking global banking ship
Posted on 9/8/22 at 6:05 am to DingleBarry
That’s not good.
Posted on 9/8/22 at 6:12 am to DingleBarry
quote:
Vatican bank
Why does a church need its own bank?
Does it pay interest and/or lend money?
Funny some of the mega churches in the US didn’t jump on this bandwagon to establish a bank or credit union. They could help their congregations with low interest loans and mortgages. And take the guilt out of the Bible verse “the borrower is slave to the lender.”
On the flip side, the church also could spy on the congregation and setup rules to deny certain charges as unChristian such purchasing pornography or ATM transactions at a casino. Above all, the church can ensure it’s getting your tithes, 10% of your income.
Posted on 9/8/22 at 6:13 am to DingleBarry
There is an ongoing trial of Cardinal Becciu for embezzling money.
If the pope calls the Vatican bank, I imagine he can see what records he wants.
If he calls Credit Suisse I imagine he is told to go frick himself. Seems prudent to me in light of the fact that some of the Church’s money was stolen. But I could be wrong.
If the pope calls the Vatican bank, I imagine he can see what records he wants.
If he calls Credit Suisse I imagine he is told to go frick himself. Seems prudent to me in light of the fact that some of the Church’s money was stolen. But I could be wrong.
Posted on 9/8/22 at 6:13 am to TexasTiger89
quote:
According to its annual report, the financial institution’s $19 million net profit in 2021 was also down from $44 million in 2020 and $46 million in 2019.
It’d be nice to think this was the reason.
Pretty sinister why they bother writing half an article about it in the first place.
Posted on 9/8/22 at 6:17 am to DingleBarry
That’s $385,701.49 per client. That is just the funds currently in the bank. So much for that vow of poverty.
Posted on 9/8/22 at 6:17 am to DingleBarry
So if this is some ominous sign, where do you suggest those of us with a smaller balance than the Vatican move our funds to?
Posted on 9/8/22 at 6:24 am to ptra
quote:
So much for that vow of poverty.
The Catholic Church? Hypocrites?
Posted on 9/8/22 at 6:31 am to tigerinthebueche
Gold silver ammo
Posted on 9/8/22 at 6:34 am to DingleBarry
Name the organization that does more charitable work, supporting hospitals, schools, and basic human services than the Catholic Church. I’ll hang up and listen.
Posted on 9/8/22 at 6:38 am to DingleBarry
Banks are gonna end up crashing so money and credit is gonna get bad
Posted on 9/8/22 at 6:57 am to DingleBarry
One of Papa Frank's main goals has been to attempt to reform the bloated, corrupt Vatical bureaucracy.
The corruption and lack of control in the Vatican far, far outweighs the shenanigans in US government.
This is one of many attempts to get a handle on it.
The corruption and lack of control in the Vatican far, far outweighs the shenanigans in US government.
This is one of many attempts to get a handle on it.
Posted on 9/8/22 at 6:59 am to Tarps99
quote:
Why does a church need its own bank?
Uhh the Vatican is a city-state?
quote:
Funny some of the mega churches in the US didn’t jump on this bandwagon to establish a bank or credit union. They could help their congregations with low interest loans and mortgages. And take the guilt out of the Bible verse “the borrower is slave to the lender.”
Bank President, Joel Olsteen
Posted on 9/8/22 at 7:08 am to Tarps99
quote:
Why does a church need its own bank?
Does it pay interest and/or lend money?
So it can't get ESG'd - "oh, you dont support gay marriage - guess we'll freeze your accounts". lets not act like that wouldnt happen in 2022.
Posted on 9/8/22 at 7:12 am to DingleBarry
I'll wait for OMLandshark's opinion before I form my own.
Posted on 9/8/22 at 7:25 am to Gee Grenouille
More than something nefarious it might be a proactive measure to avoid damage from the impending global economic crisis about to unfold.
There is a European energy and banking crisis unfolding as we speak. And “South America is a beacon of economic stability” are words that have never been said in human history.
There is a European energy and banking crisis unfolding as we speak. And “South America is a beacon of economic stability” are words that have never been said in human history.
Posted on 9/8/22 at 7:28 am to Tarps99
quote:
Funny some of the mega churches in the US didn’t jump on this bandwagon
This is commonplace in black churches. The church loans the money for housing, owns the construction company that builds the houses and the development company that creates the neighborhoods.
Paul Morton in NOLA east is a great example. Just his car claim for Katrina was 7 figures.
Posted on 9/8/22 at 7:32 am to ptra
You realize these people run hospitals, schools, nursing homes, entire foreign missions in multiple countries. 300K ain’t shite for that kind of operation.
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