Tuesday, 22 October 2019

Vatican close to financial ruin - not close enough!

Starve them out!

Let the collection plate dry up. Not one dollar, not one penny. If you don't put it in the collection plate, the diocese can't send it to the corrupt, sodomite infested, idolaters in the Vatican. Let "Peter's Pence" dry up. Bankrupt them. Starve them. 

Give cash to your priest for his upkeep. If you are a contractor, do work in the parish for an "in-kind" tax receipt. Clean your church, work the grounds, maintain the building, feed the poor directly, give funds to crisis pregnancy centres. Pay the organist or choir director directly, cash. Pay the hydro bills and gas bills directly. 

Starve them out. 

Judgment Day: New book claims Vatican close to financial ruin
Posted on October 22, 2019  

Italian journalist Gianluigi Nuzzi leaves the final session of the so-called “Vatileaks” trial at the Vatican July 7. A Vatican court, citing freedom of the press, acquitted Nuzzi and Italian journalist Emiliano Fittipaldi. (CNS photo/Paul Haring)

By Junno Arocho Esteves
Catholic News Service

VATICAN CITY (CNS) — An Italian author who was once tried and acquitted by a Vatican court for publishing leaked documents is claiming in a new book that decades of mismanagement, shady deals and decreasing donations will leave the Vatican no choice but to default.

Titled “Giudizio Universale” (“Universal Judgment”), the book by Gianluigi Nuzzi includes 3,000 pages of confidential documents he claims to have collected since 2013.

In the book’s first chapter, Nuzzi recounts a May 2018 meeting of members of the Secretariat for the Economy in which they are told that “the recurring and structural deficit has reached worrying levels and risks leading to default in the absence of urgent action.”

Without radical change, Nuzzi claims, the Vatican will be in default by 2023 and, as a result, Vatican employees will lose their pensions.

Presenting his book Oct. 21, Nuzzi said it is not an attack on the Catholic Church but is against the institutional corruption that has continuously impeded Pope Francis from enacting meaningful financial reforms within the world’s smallest state.

The book claims the Vatican’s financial woes are due in part to the mismanagement of its investment portfolio and its real estate holdings by the Administration of the Patrimony of the Holy See, known by its Italian acronym APSA.

Nuzzi said that documents he obtained prove that of the nearly 3,000 properties owned by APSA, 800 buildings are empty while some others are rented free of charge. The mismanagement of property, he added, resulted in a loss of 22.6 million euros (US$25.1 million) in 2018.

However, Bishop Nunzio Galantino, president of APSA, dismissed Nuzzi’s claims, saying that while they make for a good book launch, the accusations are hardly an accurate description of “an articulated and complex reality like the church.”

In an interview Oct. 22 with Avvenire, the daily newspaper of the Italian bishops’ conference, Bishop Galantino said the allegations of mismanagement and claims that the Vatican is on the brink of financial collapse are “not true.”

“The current (financial) situation of the Holy See is no different than that of any family or even states in different continents,” he said. “At a certain point, one must look at what is spent, what is brought in and try to rebalance the expenses.”

Whether in surplus or deficit, he added, APSA’s balance sheet “is not the result of stealing, cunning and misguided management.”

“The supervisory instruments put in place by Pope Benedict XVI and strengthened by Pope Francis are making it possible to put in order the management of this patrimony to balance expenditures and income and, where necessary, to correct practices with respect to the responsibilities of the administrative bodies of the Holy See,” he said.

The book also states that due to the sexual abuse crisis, donations sent to the Vatican have dropped to 51 million euros (US$56.9 million), compared to 101 million euros (US$112.7 million) in 2006.

The Vatican has two special sources of income to which Catholics contribute: the Peter’s Pence collection, which is used by the pope for charity and emergency assistance; and the contributions dioceses around the world make to support the work of the Vatican.

Nuzzi claims in his book that an estimated 58% of the donations to the Peter’s Pence collection were used “not for works of charity, but to fill in the (financial) gaps of the (Roman) Curia.”

He had made similar claims in his book, “Merchants in the Temple,” published in December 2015. A few weeks later, Cardinal Angelo Becciu, who was then an official of the Vatican Secretariat of State, responded, saying that if the Vatican were to earmark, for example, 60% of the funds to charity “we would have to immediately fire 400 people” out of the current 4,000 Vatican employees.

The Vatican amended its laws to making leaking “news and documents” a crime in the wake of the first so-called “VatiLeaks” trial in 2012 when Pope Benedict XVI’s butler was charged with “aggravated theft” for giving Vatican documents and papal correspondence to Nuzzi.

Publication of two books focused on financial irregularities — Nuzzi’s “Merchants in the Temple” and Emiliano Fittipaldi’s “Avarice” — led to both writers being charged by a Vatican court of “soliciting and exercising pressure” on a Vatican employee in order to obtain confidential documents.

However, citing freedom of the press, the court acquitted both journalists in July 2016.

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Follow Arocho on Twitter: @arochoju

Copyright ©2019 Catholic News Service / U.S. Conference of Catholic Bishops. Send questions about this site to cns@catholicnews.com


Tom A. said...

Even indirect support to the priest or choir is that much less the diocese has to come up with. Better to not support anyone or anything associated with the NO church. That includes the FSSP and other indult groups. Tell your priest that if he wants to see one more dollar, then he needs to make some noise in the diocese. They won’t because they are cowards.

Kathleen1031 said...

Tom, what are the other indult groups?

We feel that the faith will return when priests are again out in fields and behind hedgerows or in basements. Money has corrupted the church, because a life of travel, lots of sodomy, and all the teenagers you can use brought too many homosexuals (who are the dissidents) into the church. So burn baby burn.
It's a shame because the church did a lot of good, and the incredible cathedrals and churches are heartbreaking, but we should ask ourselves if we have to pick, would we have a beautiful church filled with hateful sodomites molesting boys, or do we prefer a faithful priesthood of actual Catholic men offering the sacrifice of the Mass in a basement.
Then the choice should be easier.

Anonymous said...

Nuzzi's Book was an eyeopener but then so was Jason Berry's concerning the US Catholic Diocese.