________
Source: ABC News
Pope imposes deadline for Vatican to transfer assets to bank
Pope Francis has imposed an Oct. 1 deadline for all Holy See offices and Vatican-linked institutions to deposit their assets with the Vatican bank
By The Associated Press | August 23, 2022
ROME -- Pope Francis on Tuesday imposed an Oct. 1 deadline for all Holy See offices and Vatican-linked institutions to deposit their assets with the Vatican bank.
Francis' decree follows his decision earlier this year to entrust management of all Vatican assets to one office — the patrimony office known as APSA — in a bid to end decades of mismanagement that culminated with a scandal over a 350 million-euro investment in a London property. Ten people, including former Vatican officials and external brokers, are on trial in the Vatican tribunal on finance-related charges related to the deal.
The Vatican's economy ministry in July issued a new investment policy requiring all Vatican departments to transfer their assets and investments to APSA via its accounts at the Vatican bank, known as the Institute for Religious Works, or IOR. No specific deadline was given, but the decree published Tuesday says all assets must be transferred by Sept. 30.
The need for a new decree imposing a fixed deadline and stressing there were no exceptions to the regulation suggests some offices or institutions were hoping to keep external accounts or investments.
The Vatican bank has long been mired in scandal but has spent the past decade cleaning up its books and ridding itself of its reputation as an offshore tax haven. Years of reform have slimmed down its client list to Vatican offices, employees, religious congregations and embassies.
It currently has some 5.1 billion euros in assets under management and reported 18 million euros in profits last year. The bank had previously donated 50 million euros a year of its profits to the pope to pay for the Vatican bureaucracy, but profits have fallen in recent years.
The Vatican's economy ministry in July issued a new investment policy requiring all Vatican departments to transfer their assets and investments to APSA via its accounts at the Vatican bank, known as the Institute for Religious Works, or IOR. No specific deadline was given, but the decree published Tuesday says all assets must be transferred by Sept. 30.
The need for a new decree imposing a fixed deadline and stressing there were no exceptions to the regulation suggests some offices or institutions were hoping to keep external accounts or investments.
The Vatican bank has long been mired in scandal but has spent the past decade cleaning up its books and ridding itself of its reputation as an offshore tax haven. Years of reform have slimmed down its client list to Vatican offices, employees, religious congregations and embassies.
It currently has some 5.1 billion euros in assets under management and reported 18 million euros in profits last year. The bank had previously donated 50 million euros a year of its profits to the pope to pay for the Vatican bureaucracy, but profits have fallen in recent years.
________
Why Is the Federal Reserve Collapsing the Economy?
September 21, 2022 | By 2nd Smartest Guy in the World
The Fed is collapsing the economy because that is the entire point of their existence.
The Fed was created under cover of market stability, but, like all government "acts" the real purpose was for the true globalist owners of America to increase the amplitudes of boom and bust cycles such that at the cyclical troughs they buy everything up for pennies on the dollar from wiped out Americans.
The below chart depicts exactly what the Fed did to deliberately cause the Great Depression:
They are doing the exact same thing today ahead of deliberately setting off the Greatest Depression:
And now just like on the eve of the Great Depression the Fed is tightening while raising interest rates.
The Fed knows exactly what it is doing.
The Fed is a critical One World Government node.
The Fed was instrumental in funding the PSYOP-19 depopulation and control program.
The Fed feigns ignorance, but the above 3 charts are well known to Powell & Co.
What we are witnessing is the activation of PSYOP-MARKET-CRASH to coincide with all of the other CFR, WEF, UN, Wall St., Gov, et al. psyops to usher in their Great Reset.
Just like the G7 central banksters have since their 2008 Great Financial Crisis scheme coordinated their QE, CPI adjusted NIRP and various other fraudulent policies, they are now in concert pulling the plug on the global financial system as their PSYOP-HYPERINFLATION ramps up.
Please go to substack to continue reading.
Why Is the Federal Reserve Collapsing the Economy?
September 21, 2022 | By 2nd Smartest Guy in the World
The Fed is collapsing the economy because that is the entire point of their existence.
The Fed was created under cover of market stability, but, like all government "acts" the real purpose was for the true globalist owners of America to increase the amplitudes of boom and bust cycles such that at the cyclical troughs they buy everything up for pennies on the dollar from wiped out Americans.
The below chart depicts exactly what the Fed did to deliberately cause the Great Depression:
The Fed knows exactly what it is doing.
The Fed is a critical One World Government node.
The Fed was instrumental in funding the PSYOP-19 depopulation and control program.
The Fed feigns ignorance, but the above 3 charts are well known to Powell & Co.
What we are witnessing is the activation of PSYOP-MARKET-CRASH to coincide with all of the other CFR, WEF, UN, Wall St., Gov, et al. psyops to usher in their Great Reset.
Just like the G7 central banksters have since their 2008 Great Financial Crisis scheme coordinated their QE, CPI adjusted NIRP and various other fraudulent policies, they are now in concert pulling the plug on the global financial system as their PSYOP-HYPERINFLATION ramps up.
Please go to substack to continue reading.
________
Related:
Related:
More:
A classic...and to think that absolutely nothing has been done since this book was published in 1982 to avoid our present circumstances...
Banks are the creators of the money supply...the banks simply create an endless supply of "fairy dust" magic money...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.