NewsVatican on the Brink of Bankruptcy: Report Pope Francis himself admitted the gravity of the situation. https://vigilantnews.com/post/vatican-on-the-brink-of-bankruptcy-report/ Share this: XFacebookEmailTelegramTwitter Published 31 seconds ago on December 17, 2024By The Gateway Pundit
This article originally appeared on The Gateway Pundit and was republished with permission.
Guest post by Jim Hoft
The Vatican, the spiritual and administrative heart of the Catholic Church, faces an unprecedented financial crisis, with reports suggesting it is teetering on the brink of bankruptcy.
A combination of plummeting revenues, disillusioned donors, and mismanagement under Pope Francis has left the institution struggling to meet its pension obligations, Daily Express reported.
In 2023, the Vatican reported an operating deficit of $87 million, an increase of $5.3 million from the previous year. The shortfall stems largely from a dramatic decline in global donations from the Catholic faithful and the broader public.
President Barack Obama bids farewell to Pope Francis following a private audience at the Vatican, March 27, 2014. (Official White House Photo by Pete Souza) Donations, historically a cornerstone of the Vatican’s revenue, have dwindled as many Catholics express discontent with Pope Francis’ progressive reforms.
The pontiff’s controversial stance on issues like climate change, immigration, transgender agenda, and the redefinition of family values has alienated many devout Catholics.
Donations from churches and individual believers have dwindled as traditionalists express frustration with the Vatican’s drift toward secular progressivism.
Further compounding the crisis, tourism—a critical income stream—has not rebounded to pre-pandemic levels. Visitor numbers to the Vatican Museums and St. Peter’s Basilica remain low.
The financial strain has placed the Vatican’s pension fund in peril. Currently, the fund sits at a staggering €631 million ($663 million) in the red, jeopardizing the livelihoods of retired clergy and staff.
Pope Francis himself admitted the gravity of the situation, stating, “The current system is unable to guarantee in the medium term compliance with pension obligations for future generations. We face serious and complex problems that risk worsening if not addressed in time.”
The Vatican is now pinning its hopes on the Great Jubilee of 2025, a celebration marking the 1,700th anniversary of the Council of Nicaea, according to Daily Express.
The event, expected to attract over 35 million pilgrims, is being hailed as a potential financial savior.
Pilgrims, lured by the promise of indulgences and spiritual renewal, are anticipated to inject much-needed revenue into the Vatican’s coffers.
Copyright 2024 The Gateway Pundit
There’s a story of 650 planes bringing their gold here from some time ago…
2619 Dec 12, 2018 7:01:15 PM EST Q !!mG7VJxZNCI ID: 089200 No. 4281049 Dec 12, 2018 6:57:57 PM EST Anonymous ID: 376ff2 No. 4280876
Nope, not buying this story. I've always been taught the Roman Catholic Church is the wealthiest entity on this planet, now I'm reading it's broke? Where is that wealth? The gold from South America, the paintings, the tapestries, the iconography, the historical texts? If need be they can at least sell some of those things to pay off the debts, but surely the offering plate is still being passed around on Sundays. Where are those tithes going? The church is rolling in wealth and here they are now crying poor mouth. Still not buying it!!!!
A few years ago the vatican ordered all of its churches worldwide to empty their bank accounts and send the money to the vatican bank.
Wealthiest church is the LDS (Mormons). At least as accounted for and known "publicly"
They hide their wealth from their members. It is quite vast. In the meantime they squeeze what they can out of their membership.
The Vatican has sat on a fortune for centuries, but how many poor people did they really help? Did they really put everything into spreading Christianity the way that our Lord and the first generation apostles did?
Good time to release what they are hiding in the archives. How much of the world’s history are they keeping to themselves. That history and knowledge belongs to all of us.
I know for a fact...the Catholic Church owns Billions, if not Trillions, of dollars of prime real estate, in every city throughout the world...and they came by it as a donation (aka: not costing the a F'ing dime) from flawed wealthy catholics trying to buy their way into heaven. If the church sold all their holdings in Chicago alone....they'd be set until 3024.
Denounces American Catholics for being capitalists and then wonders why they don’t send him any of their ill-gotten gains.
Sorry, NOT SORRY. They have been stealing from the world for millennium.
And, lest we forget, the billions in pedophilia payments.
They blame the donors and Francis but no mention of the hush money(hundreds of millions) for the church’s pedophile complaints.
if anyone needs to be struck by lightning its pope progressiveness
Do we have the gold???
u/#q2619