POPE ORDERS ALL FUNDS TO BE WITHDRAWN FROM REGULAR BANKS WITHIN A MONTH
Pope Francis has ordered the central administration of the Roman Catholic Church and related entities to withdraw all their financial assets from external banks and transfer them to the Vatican bank by the end of September. "What does the Pope know that we don't?"
Pope Francis ' decree to transfer all financial resources at such short notice to the Institute of Religious Works (IOR), the official name of the Vatican bank, is said to result from an amendment to the Vatican's constitution, according to the decree in March this year.
The Pope says that Article 219, paragraph 3 of the Constitution must be interpreted as meaning "that the activity of asset manager and custodian of the movable property of the Holy See [the highest administration of the Catholic Church] and of the institutions associated with the Holy See are the exclusive responsibility of the Institute of Religious Works.'
Internal power struggle or insider knowledge?
Insiders argue that the pope's order is part of an internal power struggle over who will be in charge of church finances: traditionalists or modernists.
According to The Pillar Catholic , Francis' change could have a dramatic effect on financial accountability in the Vatican, bringing almost all financial affairs under international scrutiny.
"The [Vatican] bank is now widely regarded as the most transparent and credible financial institution the Vatican has — in large part because it is subject to international standards and inspections by financial watchdogs," according to The Pillar Catholic.
However, external critics suspect that the move is intended to safeguard the church's assets in the face of an imminent collapse of the financial system.
"What does he know that we don't?" asks Gareth Icke, who co-creates programs with his father David Icke that explore links between governments, international business, royalty, the financial elite, and institutions like the Roman Catholic Church.
Popular American radio host Hal Turner also thinks the Pope has certain insider information.
“This move by Pope Francis fits in perfectly with the information I received from bankers/financials last weekend, revealed on my August 29 radio show. Those bankers/financial people told me that they expect a massive financial collapse "within 3 to 4 weeks", the official start of World War III, and a hyper-inflationary period that wipes out social functioning. It's all in the archive of my August 29 radio show."
"When the Pope tells the church to take all their money (pronto) to the Vatican bank, it seems to me that he knows the other banks are going to be in big trouble, and he wants the church's money to be safe," he said. says Turner.
Pope wants new world order
Pope Francis is the first Jesuit to hold the office of Pope within the Roman Catholic Church. He is seen as a modernist who wants to change the church from within. His acceptance of same-sex marriage has deeply shocked many believers. Francis has allowed women to play a greater role in the Church. Thus they may now administer communion and serve at the altar.
During the corona crisis, he was particularly criticized for his repeated and urgent calls for Catholics to be vaccinated against COVID-19, in particular because stem cells from fetuses are used during the production of the vaccines, which is strictly prohibited in the faith. His approval for the vaccine made it extra difficult for believers to invoke an exemption for mandatory faith-based vaccination.
US Archbishop Carlo Maria ViganΓ² wrote numerous open letters during the corona crisis in which he accused Pope Francis of pursuing a new world order with the Rothschilds, Bill Gates, George Soros, the Rockefellers, the US government and numerous international organizations and NGOs. . Francis is known for maintaining close ties with global elites.
Vatican bank
The Vatican Bank is located in Vatican City and has 110 employees and 14,519 clients. As of 2021, it managed 5.2 billion euros (5.6 billion dollars) in client assets.
Although the Vatican Bank is commonly referred to as a "bank", it is technically a financial institution, without branches, operating within Vatican City to provide services to clients including the Holy See and affiliated entities, religious orders, clergy, Catholic institutions and collaborators of the Holy See.
The Institute saw its client base drop by 472, from 14,991 clients at the end of 2020 to 14,519 in 2021. Nearly half of its clients in 2019 were religious orders.
According to the annual report, the financial institution's net profit decreased by $19 million in 2021, from $44 million in 2020 and $46 million in 2019.
The decree will force the institutions of the Holy See, including the Secretariat of State, to transfer their financial assets to the Vatican Bank before the end of September. The Secretariat of State is known to have accounts with Swiss financial institutions, including Credit Suisse.
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