STOCK MARKET WATCH -- Thursday, 24 May 2012

[Demeter]

33. IT'S THE POPE'S FAULT

THIS ARTICLE IS FASCINATING, AND UNFORTUNATELY, UNVERIFIABLE...

http://one-evil.org/acts_global_depression/acts_global_depression.htm

The Great Vatican-Jesuit Global Depression 2009-2012

...What then does either the Catholic Church and/or the Jesuits have to do with any of this? At this stage, the events discussed so far all point to the hallmarks of good old "greed" and "incompetence" on behalf of people like President Bush and his financial cronies. So how is the Catholic Church and the Jesuits involved with this? and what proof is there? To answer, we need to ask as simple question - how wealthy is the Roman Catholic Church?

...the Vatican and Catholic Officials quote two important arguments: the first being that the Catholic Church considers its subsidiaries as "independent" entities when it comes to financial disclosure --a contradiction against both Church law and practice which states all organs and subsidiaries are sworn to obedience to the central power of the Holy See in Rome. The second argument when all else fails is to state that the Vatican is politically an independent sovereign state and so may choose to accept or reject calls for open global transparency of its financial accounts. To date, this claimed "true Church" has steadfastly refused to cooperate with any kind of global accounting of its wealth. Regardless of continuing refusal by the Catholic Church to declare its global wealth for its Catholic faithful and all the world to see, the stark anomaly of how a multi-billion dollar entity can manage to stay off every published list of wealthy entities remains a mystery.


Prior to the appearance of mainstream "entertainment" based news and media, if you were to ask an educated person 100 years ago what single entity was the largest and wealthiest in the world, they would have told you without question the Roman Catholic Church. The clear, unmistakable and uncontestable truth concerning the Roman Catholic Church is that for 1,000 years it has been the most dominant organization on the planet, during which time it virtually owned directly or indirectly the whole or the majority of wealth of Europe. For the four hundred years up until the last century, it was well recognized that the Roman Catholic Church also owned and controlled vast wealth and people of the Americas including large parts of South-East Asia and Africa....How then did something so dominant suddenly appear to drop in asset value to a corporation of only a few billion dollars, that it would not even rate in the top 1,000 economic entities of the world today? Simply through creative history and creative accounting.

....To hide the massive assets of the Catholic Church, a decentralized system with safeguards and controls were invented. Whereas it would have been unthinkable even 200 years ago to place such wealth in the hands of bishops. However thanks to modern communication, modern finance and accounting, the task was much easier. The major investments of property, fixed assets were transferred under the control of the dioceses around the world. In turn, all non-visible church property was hidden via complex shelf companies and trusts. Major classes of assets such as shares, gold bullion, diamonds and other precious resources were transferred for direct control under the banks owned and controlled by the Vatican. Using the cloaks of secrecy in such states as Switzerland and even the Vatican itself, the true ownership and identity of these massive treasures could be hidden. The Vatican depends upon these laws of secrecy to maintain the lie of its true wealth. Without the secret banking laws and lack of uniform, proper and transparent disclosure laws around the world, the great fraud that the Catholic Church is no longer No 1. could not be maintained. Thus in the end, the single largest economic entity the world has ever seen disappeared from the radar of people’s minds and returned as a poor and impoverished church in desperate need of funds.

AND THERE'S MUCH MORE...