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| Source: THE TOUR EXPERT |
A clutch of paragraphs from THE VATICAN BILLIONS by Avro Manhattan:
"The Vatican has large investments with the Rothschilds of Britain, France
and America, with the Hambros Bank, 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. The Vatican has billions of shares in the most powerful
international corporations such as Gulf Oil, Shell, General Motors, Bethlehem
Steel, General Electric, International Business Machines, T.W.A., etc. At a
conservative estimate, these amount to more than 500 million dollars in the
U.S.A. alone.
"In a statement published in connection with a bond prospectus, the Boston
archdiocese listed its assets at Six Hundred and Thirty-five Million
($635,891,004), which is 9.9 times its liabilities. This leaves a net worth of
Five Hundred and Seventy-one million dollars ($571,704,953). It is not difficult
to discover the truly astonishing wealth of the church, once we add the riches
of the twenty-eight archdioceses and 122 dioceses of the U.S.A., some of which
are even wealthier than that of Boston.
"Some idea of the real estate and other forms of wealth controlled by the
Catholic church may be gathered by the remark of a member of the New York
Catholic Conference, namely 'that his church probably ranks second only to the
United States Government in total annual purchase.' Another statement, made by a
nationally syndicated Catholic priest, perhaps is even more telling. 'The
Catholic church,' he said, 'must be the biggest corporation in the United
States. We have a branch office in every neighborhood. Our assets and real
estate holdings must exceed those of Standard Oil, A.T.&T., and U.S. Steel
combined. And our roster of dues-paying members must be second only to the tax
rolls of the United States Government.'
"The Catholic church, once all her assets have been put together, is the most
formidable stockbroker in the world. 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 a million or more dollars
at one 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 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.
"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."
It's all JUST MERGERS & ACQUISITIONS....
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