CAFR SCHOOL: The Vatican Is Broke?


In a small blurb on a back page of the Salt Lake Tribune was this little gem of a story, referencing a recent Associated Press article. I laughed out loud when I read it, and I think you will too…

Link–> http://www.sltrib.com/sltrib/world/54456425-68/vatican-million-euro-deficit.html.csp

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Vatican posts $19 million deficit, worst in years
By NICOLE WINFIELD
The Associated Press
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First Published Jul 09 2012 01:28 pm • Last Updated Jul 10 2012 12:17 am

“Vatican City • The Vatican has registered one of its worst budget deficits in years, plunging back into the red with a (euro) 15 million ($19 million) deficit in 2011 after a brief respite of profit.

The Vatican on Thursday blamed the poor outcome on high personnel and communications costs and adverse market conditions, particularly for its real estate holdings.

Not even a (euro) 50 million gift to the pope from the Vatican bank and increased donations from dioceses and religious orders could offset the expenses and poor investment returns, the Vatican said in its annual financial report…”

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Note here that we can all learn from this official statement from the Vatican in a big way. For this is exactly the same scam that all governments are claiming around the country, some even now in bankruptcy proceedings. So let’s list these similarities:

1) The Vatican is a corporation, as is each individual and Federal government entity.

2) The Vatican and government operate both in the non-profit and for-profit realm.

3) Both have an Annual Financial Report, and both have a budget report.

4) Both the Vatican and the Government have real estate holdings, as well as stock investments, foreign currency holdings, and both invest heavily into the world-wide corporate structure and fund its liquidity.

5) Both promote their debt, while hiding their investment asset balances.

6) Both have a central bank, which bails it out in moments of need, and then expects Catholics/taxpayers to pay the bill despite its liquid investment holdings.

7) Both openly lie by omission to the people of Earth, while in a position of trust, referring to a deficit while completely ignoring its investment holdings – as if these fund balances don’t even exist.

8) Both use the “depreciation” of capital assets (land holdings, buildings, etc.) to show on their financial reports a liability against other assets, in order to decrease reportable value of these investment assets.

9) Both create budgets that are falsely imploded with such things as future liabilities so as to justify its raising of taxes and its request for tithing.

10) Both create separate sub-corporations with their own financial statements as for-profit entities, but do not use those profits for the benefit of the people.

11) Both call the people “customers”, not people.

12) Both lay off employees with the excuse of budget shortfalls, still not dipping into their vast trillions in liquid investment capital.

13) AND BOTH OWN AND CONTROL THE MEDIA THROUGH STOCK INVESTMENT AND COERCION, AND USE IT TO HIDE ALL OF THIS FROM THE PEOPLE BY KEEPING THEM ENTERTAINED WITH EVERYTHING BUT THIS INFORMATION.

In this truly ironic statement by the Vatican we can see perhaps the best example ever of how a government corporation lies by the act of utter and ridiculous disassociation and nondisclosure of its true wealth. And yes, the Vatican is a corporation, and it is the government of Vatican City – as a “nation state”. It just happens to call itself a church.

Associated Press story continued…

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“The Vatican said it ran a (euro) 14.9 million deficit in 2011 after posting a surplus of (euro) 9.85 million in 2010. The 2010 surplus, however, was something of an anomaly. In 2009 the Vatican ran a deficit of (euro) 4.01 million, in 2008 the deficit was (euro) 0.9 million and in 2007 it was nearly (euro) 9.1 million.

The Vatican city state, which mainly manages the Vatican Museums and is a separate and autonomous administration, managed a budget surplus of (euro) 21.8 million. That’s largely due to a spike in revenue from the museums: More than five million people visited the Sistine Chapel and other works of art in the Vatican museums last year, bringing in (euro) 91.3 million in 2011 compared to (euro) 82.4 million a year earlier.

And the Vatican could also cheer that donations from the faithful were also up last year despite the global economic crisis: Donations from Peter’s Pence, which are donations from the faithful to support the pope’s charity works, rose from $67.7 million in 2010 to $69.7 million last year. That money, however, doesn’t figure into the Vatican’s operating budget, though contributions from dioceses, religious orders and the Vatican bank do.

The Vatican bank, known as the Institute for Religious Works, is able to make such a big contribution to the Vatican’s budget each year based on investments.

Draining the Vatican’s finances were the high costs for its main job of spreading the faith via Vatican media: Vatican Radio, the Vatican newspaper L’Osservatore Romano and Vatican television all have significant expenses and little or nothing in the way of revenue. Vatican Radio, however, is expected to save hundreds of thousands of euros a year in energy costs each year after it cut back short and medium-wave transmissions to Europe and the United States from its main transmission point in Rome.

The Rev. Federico Lombardi, who runs the Vatican radio and television departments and is also the Vatican spokesman, stressed that layoffs among the 2,832 Holy See personnel aren’t in the offing, although he acknowledged that savings must come from elsewhere.

During the meeting of cardinals who oversee the Vatican’s finances this week, he said, there was a “request for prudence and savings.”

“I’m not an expert,” he said of the deficit. “Yes, it’s bigger than in past years, it’s true.” But he noted that the amounts on a global scale aren’t alarming. “Certainly they indicate a need to pay attention and see the criteria the Vatican’s assets are administered.”

–END ARTICLE

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I’ve written extensively on the trillions in government investments that are covered up in the same way and completely ignored on the budget report while being reported on the Comprehensive Annual Financial Report (CAFR).

The Vatican is no different. In fact, it is the extreme example of the government (nation state) hoarding of wealth that would benefit the people of the world.

Think about it for a moment…

Just one of the thousands upon thousands of artifacts, paintings, sculptures, precious metal coins and treasures, and every other trinket and parchment of knowledge that the Vatican holds within its bowels – just the value of one of those literally priceless artifacts could feed the entire world, let alone cover a 16 million euro deficit in the selectively presented budget report of the Vatican politicians.

And so, I’ve come up with a few propaganda slogans that I think might help the Pope, the Black Pope, and his financial officers continue to fool the useful idiots that keep donating to this massive for profit country called the Vatican…

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“We can’t sell our assets. They are priceless.
There is not enough money in the world to buy just one.
Therefore, we are declaring bankruptcy.”

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“The Saints organized a union,
and they are demanding health benefits.
Please give.”

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“Where in God’s name did I put my savings account?”

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“I’m sorry, but God just called.
He says we’re broke.

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I could go on… and on and on and on… but you get the point. The organization of corporate religion is not a Christian one. And the Vatican is a corporate camel with no chance of fitting through even the largest gauge needle.

In the end, if you understand what has been written here, then you understand the entirety of the government investment scheme. And you understand that the people of America are wealthy beyond imagination, but that wealth is being hidden in plain sight while government creates welfare programs to sustain the poverty level while collecting even more taxes from the poor – never fixing the very problem of poverty because that is the only thing that will create wealthy men and corporations.

Welcome to America… a potential heaven on earth, kept in purgatory by government obfuscation and hoarding of its actual wealth.

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–Clint Richardson (realitybloger.wordpress.com)
–Friday, July 13, 2012

Why I Don’t Have Faith In The Church – 79 Molestation Stories In 65 Days


I am disgusted with the disconnect between the realities of this earth and the fantasies of religion when it comes to child rape and molestation. Though many in the truth and activist movement agree that this type of behavior happens in the real world, in CPS, in Masonic rituals, in cults, etc… they at the same time let their faith in the supposed eternal goodness of the church completely obscure their view of its indiscretions in the earthly pleasures of the flesh. But this has been happening since the beginnings of the church. It is deeply ingrained in the church’s history. And when I say “church” I mean all denominations, from Catholic to Mormon to Jewish to Islamic.

The following is from Mike Rivero at whatreallyhappened.com. If you are not familiar with his sight, I would highly recommend it as a daily source of non-corporate, no holds barred information.

Go here for the full article: http://whatreallyhappened.com/WRHARTICLES/ATHEISM/inquisition.html

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Quoted from William Manchester’s “A World Lit Only by Fire- The Medieval Mind and The Renaissance” .Little, Brown & Company, 1992

“Once he became Pope Alexander VI, Vatican parties, already wild, grew wilder. They were costly, but he could afford the lifestyle of a Renaissance prince; as vice chancellor of the Roman Church, he had amassed enormous wealth. As guests approached the papal palace, they were excited by the spectacle of living statues: naked, gilded young men and women in erotic poses. Flags bore the Borgia arms, which, appropriately, portrayed a red bull rampant on a field of gold. Every fete had a theme. One, known to Romans as the Ballet of the Chestnuts, was held on October 30, 1501. The indefatigable Burchard describes it in his Diarium. After the banquet dishes had been cleared away, the city’s fifty most beautiful whores danced with the guests, “first clothed, then naked.” The dancing over, the “ballet” began, with the Pope and two of his children in the best seats.
Candelabra were set up on the floor, scattered among them were chestnuts, “which”, Burchard writes, “the courtesans had to pick up, crawling between the candles.” Then the serious sex started. Guests stripped and ran out onto the floor, where they mounted, or were mounted by, the prostitutes. “The coupling took place,” according to Burchard, “in front of everyone present.” Servants kept score of each man’s orgasms, for the Pope greatly admired virility, and measured a man’s machismo by his ejaculative capacity. After eveyone was exhausted, His Holiness distributed prizes- cloaks, boots, caps, and fine silken tunics. “The winners”, the diarist wrote, “were those who made love with the courtesans the greatest number of times.”

And you thought all this sexual scandal was just a recent thing!

And now, 79 news stories of sexual abuse in “the church” in 65 days… Enjoy!


Victims of alleged abuse come forward after Baptist pastor’s arrest, ABP, 3/5/10 (Hezekiah Stallworth)

More accusers come forward as pastor admits to sexual abuse, Tyler Morning Telegraph, 3/4/10 (Hezekiah Stallworth)

Awaiting DNA results in sexual abuse case, Odessa American, 3/4/10 (Robert John Weber)

Local pastor arrested, charged with indecency with a child, Palestine Herald-Press, 2/26/10 (Hezekiah Stallworth)

Baseball coach sentenced for sex abuse, WAVY-TV, 2/23/10 (Dennis Ray Collins)

Pell City man indicted for sexual abuse, sodomy, St. Clair News Aegis (Alabama), 2/18/10 (Gregory Lee Bowman)

Former youth minister pleads guilty to abuse, ABP, 2/17/10 (Jack Duffer)

Haiti judge frees 8 of 10 American missionaries, Associated Press (Austin American Statesman), 2/17/10

Ex-youth pastor sentenced in child molestations, Gainesville Times, 2/16/10 (Phillip Glenn Terrell)(Afterwards, Southern Baptist church, Emmanuel Baptist, changes its name to Heritage Fellowship.)

Pastor charged with sex crimes against children, WTSP-TV (West Florida), 2/16/10 (Arley Atchley)

Counselor with Free Will Baptist Home for Children charged with sex crimes against children, WLTX-TV (South Carolina), 2/15/10 (Arley Atchley)

Detained Americans seek distance from adviser, Associated Press (Miami Herald), 2/14/10 (Former legal adviser “may be wanted for human trafficking in El Salvador.”)

Church adviser may face warrant, New York Times, 2/13/10 (“An order is listed in the United States national crime database for a man with that name and birthdate to be arrested on sight….”)

Former youth pastor guilty of sex assaults, Daily Press (VA), 2/11/10 (Jack Duffer)

Accused sexual predator a high ranking member of a Central Texas church, KVUE-TV (Austin, TX), 2/11/10 (Robert Riffle)(with video)

Pastor charged with criminal sexual conduct, WXYZ-TV (Detroit), 2/9/10 (Russel Schaller)

Haitian officer: U.S. Baptist team made earlier attempt to take children, Christian Post, 2/9/10

Politics and the Haitian kidnapping case, Wall Street Journal, 2/9/10 (quotes by Frank Page and Richard Land, saying Obama will further alienate evangelicals)

Missionaries’ Haiti trip no gift of charity, by Eugene Robinson, Dallas Morning News, 2/8/10

Idahoans in Haiti: We fear for our lives, Idaho Statesman, 2/7/10 (“8 of the group say leader Laura Silsby is ‘lying’.”)

Local Baptist camp being sued, Commonwealth Journal (Somerset, KY), 2/6/10 (Claude Steven Harmon)

Southern Baptists ask Obama to help 10 missionaries in Haiti, Christian Post, 2/6/10

Police: Church officials didn’t report sex abuse, New Hampshire Union Leader, 2/5/10 (Timothy Dillmuth, Richard Eland, Michael Wedge, & Robert Gagnon)

Prosecuting missionaries good for Haiti, families, church, by Fritz Gutwein, ABP, 2/5/10

Church seeks forgiveness for mission team detained in Haiti, ABP, 2/5/10

Southern Baptist leaders ask Obama to intervene on behalf of missionaries, ABP, 2/5/10

10 Americans charged in Haiti with kidnapping, AP, 2/4/10

Lawyer seeks release of U.S. missionaries in Haiti, AP, 2/4/10 (All 10 are charged on child kidnapping and criminal association.)

SBC official says he believes detained missionaries acted in good faith, ABP, 2/4/10

Missionary case illuminates plight of Haiti’s orphans, Wall Street Journal, 2/3/10 (“…reports that the group was warned away from its plan.”)

Parents tell of children they entrusted to detained Americans, New York Times, 2/2/10

Case stokes Haiti’s fears for children, and itself, New York Times, 2/1/10

U.S. church group knew it was doing wrong, CTV News Montreal, 2/01/10

Haiti: U.S. Baptists knew they were wrong, CBS News, 2/01/10

Baptist group arrested in Haiti denies trafficking charge, ABP, 2/01/10

Protecting Haitian children from harm, inadvertent or deliberate, BaptistPlanet 2/1/10

When a disorganized religion decides it is going to ‘care for’ your children, Bassenco’s Blog on the Lillypad, 2/1/10

Pulpit Predators: It’s not just Father so and so…, NEWD magazine, January 2010

Baptist camp hires interim to replace director charged with pedophilia, ABP, 1/29/10 (Steve Carter)

Are we Southern Baptist leaders indirect accomplices to Matt Baker’s murder of his wife?, Grace and Truth to You blog, 1/27/10

Long road to appeal for Matt Baker, KCEN-TV, 1/26/10 (Matt Baker)

Former pastor plans to appeal murder conviction, ABP, 1/26/10 (Matt Baker)(Pastor Wade Burleson says that someone in SBC “needs to issue some kind of statement that takes responsibility for letting this pastor slip through the cracks when attempted rape and other sexual crimes were reported to religious authorities….”)

Former associate pastor arrested on child sex charge, WLWT-TV (Ohio/Kentucky), 1/25/10 (John Wayne Diehl)

Former minister pleads guilty to child molestation charges, Gainesville Times, 1/23/10 (Phillip Glenn Terrell)

Mother says she forgives former pastor who killed her daughter, ABP, 1/22/10 (Matt Baker)

Additional sex charge for former minister, The Leaf Chronicle (TN), 1/21/10 (Jonathan Tyler Giles)

Ex-pastor who killed wife gets 65-year prison term, Associated Press (Sacramento Bee), 1/21/10 (Matt Baker)(“During sentencing…four women testified that Baker had made unwanted sexual advances toward them including one who complained to police of an attempted sexual assault.”)

Women say convicted Texas ex-pastor made advances, Associated Press (San Antonio Express-News), 1/21/10 (Matt Baker)

Former Baptist pastor sentenced in wife’s murder, ABP, 1/21/10 (Matt Baker)

Matt Baker found guilty of murdering his wife, Waco Tribune-Herald, 1/21/10 (Matt Baker)

Former Texas minister Matt Baker found guilty of killing wife and faking her suicide note, Associated Press (NY Daily News), 1/21/10 (Matt Baker)

Preacher Matt Baker guilty of killing wife, could get life in prison as jury hears new sex evidence, CBS News 48 Hours, 1/21/10 (Matt Baker)

Former Texas pastor convicted of killing wife, Associated Press (FOX News), 1/21/10 (Matt Baker)

Ex-pastor faces life sentence after conviction, Associated Press (Times Online), 1/21/10 (Matt Baker)(“… alleged sexual advances toward more than a dozen other women . . . . including some underage girls.. . . Jurors were instructed that to find Baker guilty, they had to agree on two things: that Baker drugged his wife and that he suffocated her with a pillow.”)

Women say convicted Texas ex-pastor made advances, Associated Press (Charlotte Observer), 1/20/10 (Matt Baker)(Woman testifies that Baker was “forcible and aggressive.” She says, “I had to use all my strength to keep him off of me and from taking my clothes off.”)

Sentencing phase for Matt Baker begins , KXXV-TV, 1/20/10 (Matt Baker)(with video)

Jury finds Baker guilty of murder; punishment phase begins Thursday, KWTX-TV, 1/20/10 (Matt Baker)(with video)

Former Baptist preacher found guilty of murder, ABP, 1/20/10 (Matt Baker)

Ex-mistress testifies in former Baptist pastor’s murder trial, ABP, 1/20/10 (Matt Baker)

State rests after day that includes former Baker mistress on the stand, KXXV-TV, 1/19/10 (Matt Baker)(with videos)

Erin Moriarty: Matt Baker lied to me, but did he kill his wife? CBS News 48 Hours, 1/19/10 (Matt Baker)

Ex-mistress says Texas minister admitted killing wife, Associated Press (Sacramento Bee), 1/19/10 (Matt Baker)

Church leaders struggle to protect kids from sex abuse, The Sacramento Bee, 1/19/10 (“Southern Baptists are not required to screen any church workers.”)

Nickelsville pastor found guilty of sexual battery, Kingsport Times News, 1/13/10 (Grover Bernard Lewis)

Trial underway for former Baptist preacher charged with murder, ABP, 1/12/10 (Matt Baker)

Pastor’s trial on sex abuse allegations underway today, Daily Gleaner (Canada), 1/11/10 (Frederick Douglas Hanson)

Church volunteer gets 15 years for sex abuse of boys, Murfreesboro Post (TN), 1/8/10 (Matthew Maurice Jernigan)

Prosecutors allege Central Texas pastor killed wife, made multiple advances toward other women, Waco Tribune-Herald, 1/6/10 (Matt Baker)

Youth pastor indicted, Odessa American, 1/5/10 (Robert John Weber)(Senior pastor states: “We have been aware of the situation from the beginning and have re-assigned Mr. Weber to another ministry position within our church.”)

Youth pastor indicted on felony charges, KWES News West 9, 1/5/10 (Robert John Weber)

Joubert faces felony charges, The Hour, 1/4/10 (Phillip Joubert)

2009: The year in Baptist newsmakers, ABP, 1/1/2010 (“[C]lergy-sex-abuse scandals continued to rock corners of the Baptist world . . . . Christa Brown published a memoir and expose . . . .”)

You see… it doesn’t matter what you believe is right or wrong, good and evil. It only matters what the leaders of these churches, of our country, and of our children believe is good and evil, right and wrong.

The leaders of the state hide behind the good name of the church…

But churches are corporations, and corporate churches are protected by the state.

The state is a corporation. Therefore, the churches are just part of the state.

You cannot as men and women of God continue to be a part of this corporation called religion, regardless of denomination, and still call yourselves moral and just. For your purposeful ignorance of the rape and molestation of children must surely be a tentative reservation for a nice fireside table in hell.

Wake up and start acting within the image of God. Because from where I’m sitting, you are blasphemous in your purposeful ignorance!

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Clint Richardson (realitybloger.wordpress.com)

Wednesday, May 5, 2010