(Scott Boyd) Billions are hurting across the world. But the Vatican’s financial woes seem huge. Are they really?
Related Judge Disturbed After Reviewing Accusation of Google Tracking Users in ‘Incognito Mode’
by Scott Boyd, March 12th, 2021
The Vatican is making a plea to over a billion practicing Catholics around the globe as they have nearly depleted their financial reserves. This comes following a 2020 in which many of the standard revenue sources, including donations, dried up for them and most other religious groups due to Covid-19 lockdowns.
But are they really as broke as they claim? The key to understanding this is the fact that they’re focused on financial reserves. To the laymen, this may seem to equate to their savings account, but that’s not actually the case. The Vatican still holds billions—and some claim it’s likely into the trillions—of dollars worth of property, shell companies, and other assets that help them hide a vast amount of accumulated wealth over the centuries.
They classify their financial reserves as based on revenue generated within a given year. This is the pot from which they pay most of their operating expenses. Some of the surplus from their reserves is carried over into the new fiscal year, but much of it goes into their less transparent coffers. Maintaining a balanced but modest financial reserve allows them to continue to ask for money from their followers while still showing a need for it.
The reality is this: They could operate for decades without a single additional bit of revenue coming in from donations or known ventures. But that would require opening up areas of wealth that they simply do not want known to the public. It sounds nefarious but it is a common practice by many charitable and religious organizations that fly under the radar since the ones who would normally investigate such things, namely the various tax institutions around the world like the IRS, aren’t concerned with tracking down money that will not get taxed anyway.
It isn’t illegal. In most circumstances, it isn’t even really immoral. But we’re not in normal circumstances, so now would be the time to break open some of their piggy banks and help people rather than asking us to send what little we have. This is not a criticism of Catholics in general or even the greater church body. It’s a criticism of Vatican leadership that is working in its own self interests at a time when it needs to be more helpful for those in need.
According to Disclose.tv:
The Vatican published its 2021 budget in its latest effort at greater transparency. It seeks to reassure donors that money is being well spent after mismanagement.
However, the Vatican warned it has nearly depleted its reserves from donations. It is now urging the faithful to continue giving to cover its budget deficit.
The reduction will be 213 million euros in 2021, from 307 million euros in 2019.
One does not have to dive into the many Vatican conspiracy theories to realize the notion that they’re “broke” is disingenuous. Instead of asking for support from the destitute, perhaps they should do more to help.
[the_ad_group id=”25840″]
Stillness in the Storm Editor: Why did we post this?
The economy is a general term describing various exchanges of money, goods, and services between individuals, groups, and nations. The Deep State employ elaborate methods to manipulate the economy for the purpose of controlling human life, specifically by making it difficult to access goods and services that improve quality of life. The preceding information reveals news or research related to the economy at some level. This information is important to understand because it is one facet of the global control system. Truly free people have the ability to exchange their creative works (goods and services), which allows them to gain increased abundance over time due to innovation, technological advancement, and frugality. Thus, but understanding the economy and how money works, which is something most people do not understand, social systems of freedom can be developed. An individual’s freedom is only as effective as the environment within which they express their rights. As such, the individual is encouraged to gain deep knowledge of the law, and the expression of rights, which in a grand sense, is the economy at all levels—the exchange of ideas, energy, and resources. Once a group of individuals learns how to unite to protect their rights and resources (e.g. a nation or country) they can defend themselves from Deep State manipulation if they can guard against divide and conquer tactics and forme a truly lawful body politic.
– Justin
Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.
Stillness in the Storm Editor’s note: Did you find a spelling error or grammatical mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.
Source:
https://noqreport.com/2021/03/12/the-vatican-says-theyre-broke-are-they/
Vatican is not broke, matter of fact the vatican owes every American a lot of money and its in gold, and it goes way back to the so called Civil War and the treaty that it has with the United States of America not incorporated, It also includes the Crown and City of London