God’s Fraudulent Bankers!
From the get-go, the Christian Church main aim was to have financial success and wealth other religions only dreamed about. However, there was one stumbling block in the way! That was, they only recruited those who are poor and literately challenged, Illiterate αγραμματοι idiots ιδιωται such as Peter and John. That is if we are to believe the Greek 1550 Stephanus New Testament (TR1550) Acts 4:13. As well as Celsus, the Pagan scholar. Who wrote: Let no one come to us who has been instructed, or who is wise or prudent (for such qualifications are deemed evil by us); but if there be any ignorant, or unintelligent, or uninstructed, or foolish persons, let them come with confidence.[Contra Celsum Bk III, Ch. XLIV]
So, in days of old, there was not a ready supply of money, the printing press had not yet been invented, so the church followed the path that they were really good at, that was counterfeiting!
From the church’s fraudulent acts they amassed the lands that became the Papal States in 756, however, in 1870, Victor Emmanuel II of Italy annexed the Papal States. In 1871 the kingdom of Italy offered the then Pope 3.25 Million Lire a year, as compensation for what was illegally gained in the first place. However, the Pope rejected what he saw as a pittance. He wanted payment and his Papal States back. In 1929, Benito Mussolini (1883-1945) offered what is now the Vatican City, 750,000,000 lire in cash as well as 5% Consolidated Bearer Bonds of 1 trillion lire to compensate the Holy See for the loss of lands in 1870. Who said crime does not Pay!
According to the Roman Catholic Church (RRC), then God is very rich indeed, and does not mind fraudulent shady dealing if it brings more money to his church! See Tax Evasion below.
“Religion has actually convinced people that there’s an invisible man living in the sky who watches everything you do, every minute of every day. And the invisible man has a special list of ten things he does not want you to do. And if you do any of these ten things, he has a special place, full of fire and smoke and burning and torture and anguish, where he will send you to live and suffer and burn and choke and scream and cry forever
and ever ’til the end of time!
But He loves you. He loves you, and He needs money! He always needs money! He’s all-powerful, all-perfect, all-knowing, and all-wise, somehow just can’t handle money!” —George Carlin
‘Kirchensteuer’ aka Church Tax
In days gone by every citizen had to pay church tax, whether you when to church or not! However, if you did not go to church especially in England at a time in the past you were also fined, which was bad news for any dissenters.
Even today certain countries of Europe pay this church tax, which amounts to 70% of church funding. See Financial dealing with Hitler Below!
Given its special relationship with Rome, the Vatican has historically enjoyed a number of financial perks from the Italian authorities. These include a municipal tax break for all non-commercial properties that contain a chapel.
Between 2006 and 2011, the Vatican used this loophole to avoid about €4bn of tax on hundreds of properties in Rome, some up to 10,000sq m, which it justified by including a three-square-metre chapel.
In November this year, the European Court of Justice ruled that this practise was illegal and ordered the Vatican to pay back a whopping €4bn in post-dated tax. Many have argued that this figure barely touched the sides of what was owed and have called for the period dating back to 1992 to be taken into account, which would drive the overall bill to over €13bn.
Suspicions of money laundering have been rife at the Vatican bank for some years – it has always been a natural choice for criminals wanting to hide covert funds, not least because it processes an extraordinary amount of cash from donations.
But after 9/11, governments across the globe began to crack down on financial security over concerns that laundered or illegitimate funds were being used to bankroll terrorist operations.
The Bank of Italy launched an investigation into the Vatican’s finances in 2010 and found that the city-state was moving billions of euros between global commercial banks every year.
In 2012, JP Morgan forced the IOR to close its account with the US bank after it was found to have moved €1.5bn through that singular account in just 18 months. In July the same year, the Council of Europe’s anti-money laundering council found that the IOR was non-compliant on seven of its 16 core standards.
The Vatican never complied with the Bank of Italy’s investigation, so the source of much of the cash has never been revealed. When Pope Francis began his tenure in 2013, he brought in financial consultants to clean up the Vatican bank, and in 2015, the IOR signed a landmark treaty with Italian regulators that committed it to total financial transparency.
Financial dealings with Hitler
The Vatican has long been criticised for signing the 1933 concordat with Germany, which eliminated official Catholic resistance to Hitler, leaving a clear path for the Nazis to assume power.
More recently, though, details have emerged about the extent to which the Vatican had financial links to the Nazis through the IOR[Vatican Bank].
In his book God’s Bankers: A History of Money and Power at the Vatican, historian Gerald Posner writes that the Vatican received a substantial ‘Kirchensteuer’, or church tax, from Hitler’s Reich every year.
This tax, amounting to $1.7bn (€1.94bn) in today’s money in 1943 alone, was paid via the Vatican bank to avoid the transaction being tracked by any other western banks while evading wartime financial restrictions.
“The Catholic Church used the IOR to hide billions in wartime loot.”
It was at this point that the IOR became known as the world’s best offshore bank. The Catholic Church used the IOR to hide billions in wartime loot, much of it from Nazi sources, but because it never released its full financial records to the public, it’s impossible to tell exactly how much it profiteered from its relationship with Hitler.
Multiple dissenters over the years have testified that the two parties had an immorally close relationship. The Vatican has been condemned for this relationship by a wealth of historians and politicians from across Europe.
https://www.europeanceo.com/finance/top-5-financial-transgressions-committed-by-the-vatican/ the [ ] brackets are mine.
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