Papal Impropriety: The Dark Secrets Of The Vatican Bank
2012 05 23

By David Smith | EconomyWatch.com


The Vatican Bank has been plagued by corruption and criminality ever since it was established in 1942. Yet this is hardly a surprise, given that no bona fide legal system is currently in place to ensure check and balances for the bank of God.

The scandals surrounding the Vatican’s finances strain credulity. At the heart of the Catholic Church, we find murder, collusion with violent crime, bribery and money laundering.

But the Church has, and will, never admit to any financial wrongdoing. With an image of sanctity to protect, the Catholic Church simply cannot admit to any illegality or immorality. In this respect, there is a parallel with the Holy See’s persistent denials of sexual abuse among the clergy. This pretence of moral purity can be maintained because the tiny Vatican state is not subject to Italian law enforcement.

Jason Berry, author of Render Unto Rome: The Secret Life of Money in the Catholic Church, said: “The Vatican has a systematic aversion to transparency. Its power structure is honeycombed in secrecy. With the abuse scandal, the bottom line is that the Pope will not punish complicit Bishops and Cardinals.”

“The crux of the Vatican’s problems – whether in finance, or the abuse crisis – is they are an international state without a bona fide legal system. The Vatican cannot police itself and that’s why we see so many scandals.”



[...]


Read the full article at: economywatch.com
Image: Source









Related Articles
Vatican Bank head in money laundering probe–sources
Vatican Bank Under Scrutiny


Latest News from our Front Page

Right into enemy hands? ISIS shows off new weapons allegedly airdropped by US (VIDEO)
2014 10 23
Islamic State has published a new video in which a jihadist shows off brand-new American hardware, which was purportedly intended for the Kurds they are fighting in the Syrian border town of Kobani. The undated video, posted by the unofficial IS mouthpiece “a3maq news”, sees a jihadist showing several boxes of munitions with English-language markings, with a parachute spread out on ...
STAGED INFECTION: Has The Ebola ‘Outbreak’ Narrative Fallen Apart?
2014 10 22
Over the past month, the ‘pandemic’ propaganda surrounding the deadly Ebola virus seemed to reach vitriolic levels – raising serious questions about the validity of this current viral outbreak… On Monday of this week, it was reported that 48 people were released and cleared after a 21-day quarantine due to their contact with the now deceased Ebola-stricken patient Thomas Eric ...
6,000-Year-Old Temple with Possible Sacrificial Altars Discovered
2014 10 21
A 6,000-year-old temple holding humanlike figurines and sacrificed animal remains has been discovered within a massive prehistoric settlement in Ukraine. Built before writing was invented, the temple is about 60 by 20 meters (197 by 66 feet) in size. It was a "two-story building made of wood and clay surrounded by a galleried courtyard," the upper floor divided into five ...
What happened to Journalist Serena Shim? Assassinated? Find out what happened to Serena, Press TV director calls on Turkey
2014 10 21
Press TV news director Hamid Reza Emadi says the “suspicious death,” of the news channel’s correspondent in Turkey is a tragedy for “anyone who wants to get the truth.” Emadi made the remarks in an interview with Press TV on Sunday following Serena Shim’s death across the border from Syria’s Kurdish city of Kobani, where the ISIL terrorists and Kurdish fighters ...
Ancient Roman Nanotechnology Inspires Next-Generation Holograms for Information Storage
2014 10 21
The Lycurgus Cup, as it is known due to its depiction of a scene involving King Lycurgus of Thrace, is a 1,600-year-old jade green Roman chalice that changes colour depending on the direction of the light upon it. It baffled scientists ever since the glass chalice was acquired by the British Museum in the 1950s, as they could not work ...
More News »