Post by 3bid on Aug 14, 2014 20:42:36 GMT -5
The Vatican City is a landlocked sovereign city-state whose territory consists of a walled enclave within the city of Rome. Encircled by a 2-mile border with Italy the city covers just over 100 acres, making it one-eighth the size of New York's Central Park. Vatican City is governed as an absolute monarchy with the Pope as its head. And is one of the most sacred places in Christendom. The Vatican mints its own Euros, prints its own stamps, issues passports and license plates, operates media outlets and has its own flag and anthem. The Vatican also has its own bank.
The Vatican bank serves thousands of Catholic charities, religious orders and dioceses around the world, in addition to roughly 500 people living in the tiny city-state. It has some 33,400 accounts and about $8 billion in assets. Yet the Vatican bank's murky finances, which has been suspected for years of being a channel for the laundering of mob profits, perhaps has a skeleton in the closet. In this movie we look into financial scandals that have always plagued the Bank of Vatican.
Dean Harrington3 months ago
'The Vatican Empire' ... a book by Nino Bello in the late 1096s detailed the financial holdings and investments during that time frame. Karen Hudes ... former head of legal council of the IMF has made clear that the Vatican is one of the independent city States joined to the City of London and the District of Columbia all of which are independent from the nations in which they reside. In the U.S. ... it's the Act of 1871 which established the incorporation of the District of Columbia. It is not beholden to the U.S.Constitution of 1776 or the 'Bill of Rights'. Stick that in your pipe and ponder the implications.