• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

May 12, 2023

Jacque's Post

 

(THE BIGGEST FINANCIAL POWERHOUSE ON EARTH IS…THE CATHOLIC CHURCH)

May 12, 2023

Hello everyone,

I’ve just been looking into Avro Manhattan’s book called The Vatican Billions, which gives us a glimpse of the true financial worth of the catholic church.

My goodness! They do have quite a few bucks tucked away in various assets around the world.

Let’s see. There are large investments with the Rothchilds of Britain, France, and America, with the Hambros Bank, and with the Credit Suisse in London and Zurich. In the United States, it has large investments with the Morgan Bank, the Chase-Manhattan Bank, the First National Bank of New York, the Bankers Trust Company, and others.

Then there are investments in commodities. They have billions of shares in corporations such as Gulf Oil, Shell, General Motors, Bethlehem Steel, General Electric, International Business Machines, T.W.A, etc.

A member of the New York Catholic Conference believes that “his church probably ranks second only to the United States Government in total annual purchase.”

The Vatican, independently of each successive pope, has been increasingly orientated towards the U.S. The Wall Street Journal said that the Vatican’s financial deals in the U.S. alone were so big that very often it sold or bought gold in lots of million or more dollars at a time.

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 you add real estate, property, stocks, and shares abroad, then the staggering accumulation of wealth of the Catholic church almost defies rational assessment.

Mr Manhattan asks some serious questions in the book.

Jesus was poor and it is claimed Roman Catholicism was His Church. How can the richest organisation or corporation in the world – the Catholic Church – represent Jesus, who was the poorest of the poor?

The Church has the power to stop wars, create social programs to end famine on Earth, invest in “green technology” to create an Eco-friendly planet. Is it financially savvy for them to do this?

These are the questions that Manhattan poses.

For an organisation that has been rocked by many sexual abuse scandals and financial corruption, it appears immune to the consequences of such crimes. Any other organisation would probably collapse under the weight of its peoples’ crimes.

So, if you are interested in the Catholic Church and its Wealth, this is an interesting book to read. Another book is listed below.

Wishing you all a great weekend.

Cheers,

Jacque

 

 

 

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-05-12 22:00:222023-05-22 10:38:50May 12, 2023

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: May 12, 2023 Link to: May 12, 2023 May 12, 2023 Link to: The Market Outlook for the Week Ahead, or I’m Going on Strike! Link to: The Market Outlook for the Week Ahead, or I’m Going on Strike! The Market Outlook for the Week Ahead, or I’m Going on Strike!
Scroll to top