On Tuesday, the trial of 10 people in connection with its purchase, including the prominent cardinal Angelo Becciu, starts in the Vatican. Christian. option selection above at the current full price on the date of each renewal, until you cancel. Francis I has just done: Pope Francis Issues Law Reorganizing Vatican Finances. August 11, 2021 / 9:11 PM / CBS News. The Vatican court also convicted the two lawyers. The IOR saw its number of clients decline by 472, from 14,991 clients at the end of 2020 to 14,519 in 2021. Recent Comments Chickenlegs on Inspector General Probes Butti When the stock market crashes and all assets are seized the assets/money of over 600,000 counts will be flowing into these currencies for humanity I say balderdash to that, for as I wrote inCovert Wars and Breakaway Civilizations, Eugene Cardinal Tisserant incidentally the Cardinal in charge of the Vatican archives at the time was heavily implicated, in the 1970s, as being involved in a scheme to launder $900millionin fraudulent American corporate securities. The scandal resulted in firings and barring entrance to the Vatican of former workers. Not about the the good guys. Magistrates during the trial of Angelo Caloia (not in picture) on January 21. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The documentation showed Apsa owns properties as investments in upmarket areas of London, Geneva, Lausanne and Paris. Article 219, paragraph 3 of the new curial constitution says: The execution of the financial transactions referred to in 1 and 2 is carried out through the Institute for the Works of Religion, the IOR. The letter comes from the "U.S. Department of Homeland Security" (DHS) because the United States Secret Service is an operational and support component of DHS. At Catholic News Agency, our team is committed to reporting the truth with courage, integrity, and fidelity to our faith. The Vatican bank, whose official name is the Institute for the Works of Religion, wanted to send a message that certain practices are no longer tolerated, are not acceptable, and there is zero tolerance, said Alessandro Benedetti, one of its lawyers. He and two lawyers who consulted for the bank were charged with embezzling money while managing the sale of Italian real estate owned by IOR between 2001-2008, allegedly declaring less than the actual amount of the sale. The Vatican announced the indictments in a two-page statement. Reminds me of when the Vatican actually reviewed a Star wars movie for the first time because they were so upset. Well done. ROME A Vatican court on Thursday convicted a former senior official at the Vatican bank and his lawyer of embezzlement and money laundering, sending a strong signal that the church was determined to get its financial house in order. Published Dec 28, 2017. the movie would be called the counter-op, https://www.youtube.com/watch?v=-R6q70LTidY&t=11s. He first announced the shake-up in an Aug. 25 letter to Vatican Secretary of State Cardinal Pietro Parolin that was made public on Nov. 5 after the Secretariat of State was engulfed by accusations of financial mismanagement. The Institute for Religious Operations, otherwise known as the Vatican Bank, has long been a sore spot in the Vaticans image in the world. Nearly 60% of all fake money seized in the year 2021 were of 2,000 denomination, the Crime in India 2021 report compiled by the National Crime Records Bureau (NCRB) shows. 100. worldwide. https://www.telegraph.co.uk/global-health/science-and-disease/pharmacy-developing-world-shuts-doors-india-stockpiles-oxford/. Article by Kendy . Took place at American Embassy on Vio Veneto, in concert w/American consulate in Frankfurt. It was taken out under cover of darkness to hide the TR-3Bs and Solar Warden ships. The Vatican must step in All told, the Secretariat of State sank more than 350 million euros into the investment, according to Vatican media, and suffered what Cardinal George Pell, the former Vatican treasurer, told Reuters last year were "enormous losses". St Peters Basilica and the Vatican museums, the latter a cash cow that received about 6 million paying visitors in 2019, were closed or only partially open for much of 2020. You also The bishop of Tyler, TX talks to Terry Barber. Thought I saw where Loefflers husband (Ga. senator) owns NYSE. The Vatican bank has long been plagued by financial scandals. The 30-page Apsa budget showed it owns 4,051 properties in Italy and about 1,120 abroad, not including its embassies around the world. The IOR, based in Vatican City State, has 110 employees and 14,519 clients. In his Aug. 23 rescript, Pope Francis said article 219, paragraph 3 of Praedicate Evangelium must be interpreted to mean that the activity of asset manager and custodian of the movable patrimony of the Holy See and of the Institutions connected with the Holy See is the exclusive responsibility of the Institute for Works of Religion.. Heres Simon Parkes (Connecting Consciousness) latest update from his insider intel, on this very thing being uncovered and acted upon militarily with respect to election interference. if you do building work in the Vatican City you are paid by the APSA, typically through a third party bank and not the IOR (Vatican Bank). Although having the fox guarding and/or auditing the henhouse is just plain fun; an in-your-face crooked wink to themselves. led the Pope to fire the cardinal last year. Submit news to our tip line. Have to tread lightly, Italy is a NATO ally. The court on Thursday ordered that the funds at the Vatican bank be seized. Quarterly: $30 every 3 months Kaibosch, I dont know anything about this guy, nor have I heard this. In September 2020 Giovanni Angelo Becciu, one of the Vaticans powerful cardinals, resigned from his post amid financial scandal. Restored Republic via a GCR: Update as of Mon. Four companies associated with individual defendants, two in Switzerland, one in the United States and one in Slovenia, were also indicted, according to the document. I dont think this reform is as revolutionary as some of the press- such as the Wall Street Journal are making out. ed bicknell wife; can i take melatonin during colonoscopy prep money seized from vatican 2021. Though commonly called a bank, the IOR is technically a financial institute, with no branches, working within Vatican City State to provide services to clients, which include the Holy See and connected entities, religious orders, clergy, Catholic institutions, and Holy See employees. [2] Sree Venkateswara Swamy Temple. UPDATED: TRUMP/QANON AND THE PLAN to free us all!! WASHINGTON - The Department of Justice today announced that it has seized 63.7 bitcoins currently valued at approximately $2.3 million. Cardinals also head the VCS departments like the APSA theoretically used for domestic administration, i.e. Hannah Brockhaus is Catholic News Agency's senior Rome correspondent. The Catholic Church as a universal Church doesn't own this wealth, which is mostly in the form of real estate. A post shared on Facebook claims $34 quintillion in gold was seized from the Vatican and will be given to people globally. Touring the world with friends one mile and pub at a time; which yttd character are you uquiz. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. When the saints go marching in the trumpet sounds its call. So did the Pope take over the bank to hide the money moving to fund this? appreciated. TRUMP NESARA 2021: Gene Decode INTEL 20 : DUMB under Vatican goes to Jerusalem. The Institute for Religious Works, or 'Vatican bank'. Two of three major Wall Street stock indexes declined on Wednesday, while Treasury yields marched higher, as new . What. Lawyers for the defendants said they have appealed the ruling, noting that the stern sentences were handed down at a time when the Vatican is intent on sending a public message. The Matrix Revealed: Cartels That Run The World, 6G: Critical Information You Need To Know, US Army Secretary Says US Preparing to Win a War With China Over Taiwan. One could say that plausible deniability has limits for how much data can be hidden unawares or tagged. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The US Corporate government seeks to roll over its payments past the deadline. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The then-president of the AIF, Rene Bruelhart, a 48-year-old Swiss, and AIF's former Italian director, Tommaso Di Ruzza, 46, were charged with abuse of office for allegedly failing to adequately protect the Vatican's interests and giving Torzi what the indictment request called an "undue advantage". He said starting a trial so soon did not give defence lawyers enough time to prepare. Di Ruzza was also accused of embezzlement related to alleged inappropriate use of his official credit card, and of divulging confidential information. For someone wanting to get to the bottom of the financial swamp that is the Vatican Bank, this was not an auspicious beginning. The ruling by the Vatican court signaled the churchs desire to get its financial house in order following past scandals. It turned to Torzi for help in buying up the rest of the building, but later accused him of extortion. The Vatican's chief prosecutor, Gian Piero Milano,said the investigation uncovered "serious indications of embezzlement, fraud, abuse of office, money laundering and self-laundering. At the time Becciu said he was accused of embezzlement and proclaimed his innocence during a press conference after effectively being fired by Pope Francis. Then theres Francis, whos right up there in my book along with Innocent III, Boniface VIII, and Pius I-am-Tradition IX for reckless expansions of papal power. You might recall that a few years ago, Catherine Austin Fitts and I looked up Francis appointment of an accounting firm to audit the Vatican Bank during one of her visits to me. A Warner Bros. The second major step took place in January 2021, before Biden was sworn into office, when the US. I am astonished, Fabrizio Lemme, who defended Mr. Liuzzo, said of the verdict. One question keeps buzzing around the noggin, Who and what has been compromised and by how much? With billions of connections, its a daunting task of sniffing through without the resources of a few that can. If Italy is legitimately ratting out a Catholic connection, and this connection has a real trail of evidence, hopefully time will tell. Becciu, who once held a powerful position in the Vaticans Secretariat of State, said on Saturday in a statement he is a victim of a conspiracy against him and maintained his innocence. We provide news about the Church and the world, as seen through the teachings of the Catholic Church. The investigation into the purchase of the building became public on Oct. 1, 2019, when Vatican police raided the offices of the Secretariat of State, the administrative heart of the Catholic Church, and those of the Vatican's Financial Information Authority (AIF). To draw a somewhat clumsy analogy, this is akin to President Kennedy's National Security Action Memorandum, that removed the CIA from oversight of covert operations, and placed those operations directly under the military, i.e., directly under the chain of command ending in the Presidency. Thetext, entitled A better organization and released in Italian, also set out new regulations for the oversight of Peters Pence, an annual worldwide collection supporting the popes mission. The US Corporate government seeks to roll over its payments past the deadline. Im sure one will emerge out the Biden/Harris swamp [you have to say it quickly as is it meant to be understood as all one entity]) South Tyrrhenian with its great hits , Im Gonna Wash that Bank Right Out of my Hair, Theres Nothing Like a (Notre) Dame, Castle Gandolfo (sung to the tune of Bali Hai by Bloody Mary Tudor), Some Enchanted Apocalypse, Im in Love with Wonderful Lucre and many, many more * all material connected with South Tyrrhenian copyright of ScarmoCo. Answer (1 of 36): The Church's greatest wealth are her poor. Vatican judge orders cardinal and nine others to stand trial for alleged financial crimes, Original reporting and incisive analysis, direct from the Guardian every morning. In other words, Francis has moved the Vatican Bank from the Secretariat of State, normally headed by an archbishop or a cardinal archbishop, to the Administration of the Patrimony of the Apostolic See, in other words, placing the bank directly, for the first time in its chequered history, under the Pope. Many people spotted this story over the holiday break, and its worth some commentary. Roger Landry, an attach to the Permanent Observer Mission of the Holy See to the United Nations, said in an email to Check Your Fact. About 75 pages of the document are dedicated to Becciu.
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