Lord James of Blackheath:
For the past 20 weeks I have been engaged in a very strange dialogue with the two noble Lords [Sassoon and Strathclyde], in the course of which I have been trying to bring to their attention the willing availability of a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country. For want of a better name, I shall call it foundation X. That is not its real name, but it will do for the moment.
The total value of the Vatican bank reserves would claim to be more than the entire value of gold ever mined in the history of the world. My point on all of this is that we have not proven any of this. Foundation X is saying at this moment that it is prepared to put up the entire £5 billion for the funding of the three Is recreation; the British Government can have the entire independent management and control of it-foundation X does not want anything to do with it; there will be no interest charged; and, by the way, if the British Government would like it as well, if it will help, it will be prepared to put up money for funding hospitals, schools, the building of Crossrail immediately with £17 billion transfer by Christmas, if requested, and all these other things.
Originally posted by torqpoc
reply to post by DISRAELI
Agreed. However you must admit that of all the "organisations" to pick, the choice of the Vatican is a weird one.
I am totally baffled by this whole thing. Who on earth would have the wealth or desire to bail out the UK like this, without renumeration in the short/long term, China?
As thx1138 mentioned, this is a very difficult question to answer. The
finances of the Vatican are very complex, come from different sources,
and are dedicated to different missions, in different countries. And
indeed, its transnational structure makes it even difficult to assess
the Vatican's finances.
But not a man as Prof. Thomas J. Reese, an American Vatican expert
from Woodstock Theological Center at Georgetown University, would shun
from the task. In his book, "Inside the Vatican" (Harvard University
- highly recommended if you're interested in Church history and
politics), he examines the finances of the Vatican (For the Chapter on
Vatican finances see pp. 202-229).
The first thing you may want to know is that the Holy See ran a
deficit from 1970 until 1993. Reese examines first the IOR (Instituto
per le Opere di Religione), known better as "the Vatican Bank". The
IOR was founded in 1887 to help the Pope manage his finances after the
fall of the Papal States. In 1994, for the first time in its history,
the bank was audited by an outside element - Price Waterhouse (today
PriceWaterhouseCoopers - www.pwcglobal.com...). In that year, the
bank had deposits of $40 billion, and annual profits of $4 million.
Reese notes, after an interview with the head of the bank, that "it is
unclear how much working capital the bank has beyond its deposits",
and that some estimated it as high as $1 billion, before 1984 payments
to creditors of a collapsing Italian Bank (a scandal known as "Banco
Amrosiano" Scandal). The budget of the Vatican City itself is $130
In 1994, the audit listed:
- 1,483 billion lire in assets [About $848 million]: -
- 732 billion lire [about $419 million] in liabilities (in the
"Consolidated Financial Statements of the Holy See" (410 billion in
cash, 479 billion in stocks and bonds, 29 billion in gold, and 470
billion in fixed assets - investments and real-estate) . 269 billion
lire are in deposits and accounts of Vatican entities, 96 billion for
employees' severance indemnities and 262 billion at the value of
pensions to present employees;
- 750 billion are in net assets [$430 million].
These figures are without the bank and the Vatican City, each of them
was mentioned earlier, and Reese estimates that it would add up to
$500 million to $1 billion. However, deducting the Vatican City's
budget and the $270 million reported as "fixed assets", the sum is
lower than $1 billion, maybe even less than quarter billion dollars.
Although Reese's information is only an estimation, it is probably the
closer you'll get, with the complex structure of the Vatican and the
Church. You can find other estimations online, including from this
site , which tries to assert
retributions from the Vatican bank on property looted by the Nazis.
they claim the bank has manages £2bn (British Pounds) of assets, and
that The Vatican had a balance of 2.5bn lira in 1998, then worth about
In an interview published in Money Week, Cardinal Edmund C. Szoka, the
Vatican's "finance minister", claims that The Vatican's assets are $5
billion. he adds that " Income to the Holy See from bishops' dioceses
has more than tripled from 1990 levels, to $22 million in 2000." he
also says, "That [$5 billion] doesn't include the Vatican City, which
has a separate financial statement. If property is used for Church
purposes and could never be sold, the value of it is considered 1
lire, or nearly zero." The City's assets are "The revenues in 2000
were $180 million. The net surplus was $22 million, but that
fluctuates greatly since we're responsible for the maintenance of all
buildings, and it's extremely costly. One year we have a profit of $1
million and the next year $10 million. We put the surplus in a
reserve, so we have it when the next work is needed" (Szoka refuses to
refer directly to the Vatican Bank's assets).
Originally posted by thoughtsfull
reply to post by ProtoplasmicTraveler
I am still unsure why the Vatican would want to reinvest in the UK... we have after all had a series of disputes with them running back some 1,700 years... Perhaps they are still after the grail but aside from that we are not a good investment for Rome.
I do feel sure if the Vatican came to London with a bag full of money no one would bother checking where the cash came from, since we all know how the church came by it's money, aside from which they have already offered the Anglican priests double their salary to convert from Anglican Catholicism to Roman Catholicism, that has got to cost them a few billion..
No, I think there is something else afoot here... liked reading your thoughts as always
Originally posted by ProtoplasmicTraveler
reply to post by torqpoc
I don't think it has anything to do with disclosing an Alien presence, I think it has to do with reestablishing the banking system, which London has been running for quite some time for Rome. With an insolvent England, literally falling apart at the seems, it might not be able to fulfill this vital function, and I do think Rome and England have a firm pact allowing it to be the center of International Banking and the place from where banking is controlled.
That's my take on the Gold part of it.
Any government can be bought. But as for the people? No fricken way! They with money and "percieved" power had better remember that we cut the head off our own king The REAL power is the warrior bred peoples of this isle who will smash them to pieces if they keep pushing us! No joke The dye is already cast for this governnent.. For their families sake they had better have their bug out plan ready. That includes the queens lot