We have access to more information now than any other time in history, but you could argue that the truth is covered with more bullshit than ever before. This morning I read the following in an article in the FT;
“Pope Benedict said the world economic crisis demonstrated the need for greater moral responsibility in running the global financial system. The Church had often ‘left concrete economic things to the world ….. without realising that there was an implicit global responsibility”.
What pure, utter bullshit!!
Here is a very small excerpt from a book by Avro Manhattan – “The Vatican Billions”
“The Catholic church is the biggest financial power, wealth accumulator and property owner in existence. She is a greater possessor of material riches than any other single institution, corporation, bank, giant trust, government or state of the whole globe. The pope, as the visible ruler of this immense amassment of wealth, is consequently the richest individual of the twentieth century. No one can realistically assess how much he is worth in terms of billions of dollars.”
“The Vatican’s treasure of solid gold has been estimated by the United Nations World Magazine to amount to several billion dollars. A large bulk of this is stored in gold ingots with the U.S. Federal Reserve Bank, while banks in England and Switzerland hold the rest. But this is just a small portion of the wealth of the Vatican, which in the U.S. alone, is greater than that of the five wealthiest giant corporations of the country. When to that is added all the real estate, property, stocks and shares abroad, then the staggering accumulation of the wealth of the Catholic church becomes so formidable as to defy any rational assessment.”