Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Collapse incoming: Pope Francis orders Holy See to transfer all assets to Vatican Bank to protect the Church’s finances

% of readers think this story is Fact. Add your two cents.


Pope Francis has ordered the Holy See to transfer all of its financial assets into the Institute for Works of Religion, commonly known as the Vatican Bank, by Oct. 1.

The Holy See is the central government of the Roman Catholic Church and falls under the episcopal jurisdiction of the pope in his capacity as the leader of the Catholic Church and the bishop of Rome.

Ben Armstrong, commenting on this news on his program “The Ben Armstrong Show,” noted that the pope’s order to get all of the Vatican’s financial holdings pooled together is a sign that an economic collapse is fast approaching. (Related: HOLY MONEY GRAB: Pope Francis imposes deadline for Holy See entities to deposit their assets with the Vatican Bank.)

“Folks, when the pope brings all the money in, it means he doesn’t want to lose the money that they have because he thinks something is about to happen – and why wouldn’t he?” said Armstrong. “The pope is buds with a lot of these globalists. He’s locked in tight with them, he’s friends with them. He knows exactly what the behind-the-scenes people are saying.”

“The globalists want an economic collapse,” Armstrong added. “They want an economic Great Reset.”

New rules prevent Vatican offices from holding assets outside the bank

In a document known as “rescriptum” or re-writing issued on Aug. 30, Pope Francis ordered the Holy See’s financial and liquid assets that are held in other banks to be moved to the Vatican Bank within 30 days of Sept. 1.

The pope’s rescriptum also served as a legal document with “the nature of an authentic interpretation” of certain provisions in the constitution of the Roman Curia, the central and leading administrative body of the Holy See, which gives the pope the authority to do this.

The rescriptum makes clear that all investments by all departments would have to go through the Vatican Bank under new rules. It also strips these departments of their ability to invest their funds independently of the bank. This rule has no exceptions.

This ability to make investments without the approval of higher authorities is what led to the Vatican’s former Cardinal Secretary of State making a direct investment into a building in London which is currently at the center of a corruption trial. The botched deal resulted in a loss of over 140 million euros ($138.8 million) for the Vatican.

Before last month’s rescriptum, the Secretariat of State, the office the secretary oversees, was known to own accounts in Swiss financial institutions, including Credit Suisse. Due to the new rules, all assets in these accounts would have to be in the Vatican Bank by Oct. 1.

Officially, this move is the latest action in the pope’s decade-long financial reform agenda. His allies within the Holy See’s financial institutions have spent the past decade cleaning up the Vatican’s books and trying to rid itself of its reputation as an offshore tax haven.

According to the Institute for the Works of Religion’s annual report, the Vatican currently has some 5.1 billion euros ($5.05 billion) worth of assets under management and it made 18 million euros ($17.84 million) in profits last year. This takes into account the 50 million euros ($49.56 million) in profits that the bank donates to the pope every year to pay for the Vatican’s sprawling bureaucracy.

The Vatican Bank’s profits have been falling since 2020 as the pope continues his reform agenda by slimming down the number of clients the bank deals with. The bank currently only has 14,047 clients, down from 14,519 in 2021. The pope wants the Vatican Bank to keep slimming down its client list until it only serves Vatican offices, employees, embassies and Catholic religious orders, congregations and other organizations.

Learn more about the coming economic collapse at Collapse.news.

Watch this episode of “The Ben Armstrong Show” as Ben Armstrong talks about the pope pooling together all of the Vatican’s assets.

This is from the channel The New American on Brighteon.com.

More related articles:

Vatican charges powerful cardinal, 9 associates for financial crimes.

Catholic think tank publishes damning report: US Catholic group funneling church funds to rioters, radical groups.

Pope Francis goes full fascist, pushes universal basic income, a strategy to enslave the world under government tyranny.

Vatican caught up in money laundering scheme involving hospitals and charities.

Why does Pope Francis condemn capitalism but not communism?

Sources include:

Brighteon.com

CatholicNewsAgency.com

USCCB.org

VaticanNews.va

Reuters.com

https://www.naturalnews.com/2022-09-21-pope-francis-transfer-assets-to-vatican-bank.html


Source: https://tapnewswire.com/2022/09/collapse-incoming-pope-francis-orders-holy-see-to-transfer-all-assets-to-vatican-bank-to-protect-the-churchs-finances/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom Nootropic

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.


Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.


Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.


Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.


Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 1 comment
    • GJ

      People thinking that they can buy their way into heaven has made these pedophiles rich beyond your wildest imagining’s.
      Just another racket.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.