(THE BIGGEST FINANCIAL POWERHOUSE ON EARTH IS…THE CATHOLIC CHURCH)
May 12, 2023
Hello everyone,
I’ve just been looking into Avro Manhattan’s book called The Vatican Billions, which gives us a glimpse of the true financial worth of the catholic church.
My goodness! They do have quite a few bucks tucked away in various assets around the world.
Let’s see. There are large investments with the Rothchilds of Britain, France, and America, with the Hambros Bank, and with the Credit Suisse in London and Zurich. In the United States, it has large investments with the Morgan Bank, the Chase-Manhattan Bank, the First National Bank of New York, the Bankers Trust Company, and others.
Then there are investments in commodities. They have billions of shares in corporations such as Gulf Oil, Shell, General Motors, Bethlehem Steel, General Electric, International Business Machines, T.W.A, etc.
A member of the New York Catholic Conference believes that “his church probably ranks second only to the United States Government in total annual purchase.”
The Vatican, independently of each successive pope, has been increasingly orientated towards the U.S. The Wall Street Journal said that the Vatican’s financial deals in the U.S. alone were so big that very often it sold or bought gold in lots of million or more dollars at a time.
The Vatican’s treasure of solid gold has been estimated by the United Nations World Magazine to amount to several billion dollars. A large bulk of this is stored in gold ingots with the U.S. Federal Reserve Bank, while banks in England and Switzerland hold the rest.
But this is just a small portion of the wealth of the Vatican, which in the U.S. alone, is greater than that of the five wealthiest giant corporations of the country. When you add real estate, property, stocks, and shares abroad, then the staggering accumulation of wealth of the Catholic church almost defies rational assessment.
Mr Manhattan asks some serious questions in the book.
Jesus was poor and it is claimed Roman Catholicism was His Church. How can the richest organisation or corporation in the world – the Catholic Church – represent Jesus, who was the poorest of the poor?
The Church has the power to stop wars, create social programs to end famine on Earth, invest in “green technology” to create an Eco-friendly planet. Is it financially savvy for them to do this?
These are the questions that Manhattan poses.
For an organisation that has been rocked by many sexual abuse scandals and financial corruption, it appears immune to the consequences of such crimes. Any other organisation would probably collapse under the weight of its peoples’ crimes.
So, if you are interested in the Catholic Church and its Wealth, this is an interesting book to read. Another book is listed below.
Wishing you all a great weekend.
Cheers,
Jacque
