Vatican admits cash troubles as it moves to cover budget deficits
(www.irishnews.com)
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How can an organization with vast holdings of land and treasure have budget problems?
Spending...
Hushing up scandals. Funding nefarious operations and propaganda etc etc
Perhaps those "vast holdings" were confiscated as suggested here.
There's a lot of things worth money that can't actually be sold. I think chalices and patens would fit as well as buildings like the sistine chapel. It probably doesn't help that one can always find more to spend on, too. And at that level, spending a million here or there on maybe upgrading churches or creating a new organization to feed the homeless likely doesn't seem like much until you do the math and realize that your income doesn't cover this. The same thing was probably happening with people stealing "just a bit, no one will notice" from the church as well.
Yep, the concept of being "land-poor", it's an actual problem for those of noble descent in that they cannot legally sell off certain properties even if they don't want it anymore or can't afford to maintain it. It's why some of those big estate houses in England have been turned into apartment buildings of sorts.
https://en.wikipedia.org/wiki/Fee_tail
I understand your point of view.
However, we as a country DO have a 250 year history. There are historical artifacts that are housed in DC (think Smithsonian, National Portrait Gallery, Library of Congress, etc.). Are these “institutions” corrupt? More than likely. But the historical OBJECTS contained within are not.
I don’t care if they burn to the ground or flood the acreage known as Washington DC. But please, relocate our historical objects first!!
The Vatican Bank is ideal for laundering money from everywhere.
And they have run out of money ...? Something is not quite right here.
I stopped my donations bc they made the vaccine mandatory. And I told them so.
https://www.vaticanrome.it/contact/