Posted on 12/07/2024 5:29:52 PM PST by chickenlips
Is the Vatican on the verge of bankruptcy?
It appears so.
I saw this going viral online so I dug into it (because we actually do our research here, we don’t just rely on Tweets) and what I found was this is accurate:
VATICAN BANKRUPTCY?https://t.co/cHpTrpv2Xb pic.twitter.com/9Z5CFz02TP
— The Sacred Blue Tent (@SabrinaGal182) December 3, 2024
The AP reports the situation is dire, as admitted by Pope Francis himself:
Pope Francis, who has imposed a series of cost-cutting measures across the cash-strapped Vatican, warned Thursday that the city state’s troubled pension fund needs urgent reform to guarantee future obligations.
Vatican employees responded by expressing concern that their compensation might be targeted in any further cost-cutting to shore up the pension system, and asked for the fund’s finances to be made public.
In a letter to Vatican department heads and cardinals, Francis said he had named a top economic adviser Cardinal Kevin Farrell as a special administrator for the fund, suggesting that decisive, immediate action was necessary.
The letter was the latest evidence of the Vatican’s precarious financial situation, after years of mismanagement, financial scandals and budget deficits — all worsened by COVID-19 and the months-long closures of a key source of revenue, the Vatican Museums.
Already, Francis has cut the salaries of cardinals by 10%, suspended some seniority bonuses, trimmed special stipends for Rome-based cardinals and begun charging some market-rate rents for their apartments.
The pension fund has long been the source of particular concern, and in the new letter Francis acknowledged that the current analysis “indicates a serious prospective imbalance in the fund, the size of which tends to expand over time in the absence of intervention.”
(Excerpt) Read more at 100percentfedup.com ...
Go ahead and be a bigot.
Go woke, go BROKE.
What happened to all of the $Money$ Catholic charities makes at our border processing all those immigrants? Out of pure Christian compassion of course.
How will Frankie ever pay for all the GAY!?!?!?
Aren’t the vatican vaults supposed to be filled with all kinds of wealth?
Go woke go broke. I guess the financial follows moral.
They can sell their apartment complexes to the Corleone family
I’ve always heard that the Vatican is fabulously wealthy. How did it go broke, if true?
What about all their land holdings and artwork, gold and jewels, and other historical items?
Has the Vatican ever been honest and forthright about all the money it has?
mark
A real accounting of the Vatican would anger a lot of people.
There is no telling what’s been kept locked up.
Sell some art……they’ll be fine.
Their nuns haven’t flown in decades.
The Vatican needs to physically embrace 2 million Islamist interlopers.....
When I was there a couple of months ago the line of visitors went around the block. EVERY DAY. There’s plenty of money coming IN, the question is probably more apt “Where is it GOING?”
How many billions of dollars of gold decorations and trinkets does Vatican have?
Il Pape is an idiot on everything else, why not finances?
Did Trump also create a DOVE?
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