Posted on 07/07/2020 11:21:08 AM PDT by ebb tide
Father Juan Guerrero, the Prefect of the Vatican Secretariat for the Economy, sent a May 8 letter asking all dicasteries of the Roman Curia to move their money to the Administration of the Patrimony of the Apostolic See (APSA).
In other words: The money of the Roman Curia must exclusively be kept in the APSA, the Vatican investment bank, not in foreign financial institutions, not even in the Vatican Bank.
The letter was published on MarcoTosatti.com (July 7). It implies according to Tosatti that the Holy See “is in desperate need of liquidity.” APSA pays the salaries of the Vatican employees.
There could further be part of a plan to sell the Vatican Bank and to turn APSA into the only financial institute of the Vatican.
Ah, yes, the fruits of good old-fashioned Argentinean financial acumen. Bergoglio has worked the same magic for the Holy See that’s been causing IMF bailouts for decades.
"When the money keeps rolling out, you don't keep books...."
LOL at that cartoon.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.