Posted on 08/30/2022 1:57:40 PM PDT by EBH
ROME — Pope Francis on Tuesday imposed an Oct. 1 deadline for all Holy See offices and Vatican-linked institutions to deposit their assets with the Vatican bank.
Francis’ decree follows his decision earlier this year to entrust management of all Vatican assets to one office — the patrimony office known as APSA — in a bid to end decades of mismanagement that culminated with a scandal over a 350 million-euro investment in a London property. Ten people, including former Vatican officials and external brokers, are on trial in the Vatican tribunal on finance-related charges related to the deal.
The Vatican’s economy ministry in July issued a new investment policy requiring all Vatican departments to transfer their assets and investments to APSA via its accounts at the Vatican bank, known as the Institute for Religious Works, or IOR. No specific deadline was given, but the decree published Tuesday says all assets must be transferred by Sept. 30.
The need for a new decree imposing a fixed deadline and stressing there were no exceptions to the regulation suggests some offices or institutions were hoping to keep external accounts or investments.
The Vatican bank has long been mired in scandal but has spent the past decade cleaning up its books and ridding itself of its reputation as an offshore tax haven. Years of reform have slimmed down its client list to Vatican offices, employees, religious congregations and embassies.
It currently has some 5.1 billion euros in assets under management and reported 18 million euros in profits last year. The bank had previously donated 50 million euros a year of its profits to the pope to pay for the Vatican bureaucracy, but profits have fallen in recent years.
Audit the Vatican!
What Would JESUS Do?
The clown show at the Roman Catholic Church.
Christians were not contacted for their thoughts on this development.
Isn’t this where Michael Corleone gets elected to the board of that bank?
Swiss Bank account?
Pope trying to protect assets from the imminent global currency collapse?
That’s what it’s looking like to me. Trying to stay one step ahead.
Render under Caesar that which is Caesar’s.
“...in a bid...”
hating the author’s use of this phrase right now for some reason
50% of priest in the USA are practicing homosexuals. The others are just impotent. This current atheist Pope is trying to grab all the money for himself so he can continue to have orgies in the Vatican.
https://antagonist.ca/pope-paul-vi-audience-hall-snake-head/
Full disclosure: I am not anti-Catholic. I am pro-traditional Catholic.
80 percent of priests in the Vatican are gay
https://nypost.com/2019/02/14/80-percent-of-priests-in-the-vatican-are-gay-new-book/
I think Archbishop Lefebvre was correct to have claimed that the Church was suffering from a state of emergency severe enough to justify his 1988 consecrations.
—”Isn’t this where Michael Corleone gets elected to the board of that bank?”
More like:
Cheech & Chong tell of the Pope asking a favor of the Godfather... He wants to meet a woman.
“First, the woman that you choose must be blind. For if she sees that she is with the pope, she may either get sense of self-importance as the only woman to ever bed a pope, or she may lose her faith in the sanctity of my station. She must be blind.”
“It will be so, what about the next condition?”
“For the same reason, she must also be deaf. While I try to be a righteous man, I am a man and as such I may cry out in pleasure during the act. She must not know that she is with the pope, so she must be deaf.”
“Very wise, it will be done. What is the third condition?”
“She gotta have big tits “
What he asked.
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