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The Vatican and money laundering

By Guest Writer David Meade
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The Vatican is one executive arm of the New World Order. Another arm is tax havens; they are used by the City of London’s major international banks, corporations and insurance groups. Two of the primary tax havens used by these groups are the British Virgin Islands (BVI) and the Cayman Islands. In BVI alone there are over 500,000 active and registered International Business Corporations. The real names of the beneficial owners are secret. The BVI has no income tax. The Vatican is also involved heavily in offshore investing.

According to the Guardian:

“Behind a disguised offshore company structure, the church’s international portfolio has been built up over the years, using cash originally handed over by Mussolini in return for papal recognition of the Italian fascist regime in 1929.

“Since then the international value of Mussolini’s nest-egg has mounted until it now exceeds £500m. In 2006, at the height of the recent property bubble, the Vatican spent £15m of those funds to buy 30 St James’s Square. Other UK properties are at 168 New Bond Street and in the city of Coventry. It also owns blocks of flats in Paris and Switzerland.”

The Vatican has had its share of scandals. Monsignor Nunzio Scarano has been charged with a plot to launder $26 million from Switzerland into Italy. The cleric worked for 20 years at the Vatican bank.

In addition, he is under investigation for money-laundering from his personal account. In 2009, he reportedly took 560,000 euros ($729,900) in cash out of his personal bank account and carried it out of the Vatican and into Italy to payoff a mortgage on his Salerno home.

The bank has a long history of secrecy. It has 114 employees and $5.4 billion in assets. Also known as The Institute for Works of Religion (IOR), the Vatican Bank is privately held and located with the confines of Vatican City. It accepts deposits only from top church officials and entities owned by the church. It is run by a president and overseen by five cardinals. It is referred to as “the most secret bank in the world.”

It is situated in a former dungeon in a tower – the Cortile di Sisto Quinto – in Vatican City, near the Santa Anna Gate. Its entrance is adjoining a service lift that rises directly into the Pope’s private apartment.

On June 18, 1982, Roberto Calvi, chairman of Banco Ambrosiano in Milan and a central figure in dealings of international intrigue, was found dead. He was hanging under Blackfriar’s Bridge on the boundary of the City of London, with bricks in his pockets – a Masonic ritual execution. Forensic experts in October of 2002, who had been appointed by Italian judges, concluded he had been murdered. His neck showed no evidence of injuries usually associated with a hanging death and his hands had not touched the stones which were found in the pockets of his clothes.

The Vatican is linked directly to Mr. Calvi by Archbishop Paul Marcinkus, a former bodyguard to the Pope and a governor of the Vatican. The Vatican Bank has a shareholding stake in Banco Ambrosiano. Interestingly, only one day before he was found dead, his secretary also “committed suicide” by throwing herself off the fourth floor of the bank’s headquarters.

As I clearly state in my book, these circumstances are yet another direct tie-in illustrating the internal power struggle over the Vatican Bank and the global financial headquarters of the New World Order which is located, not in Rome – but in London!


The views expressed in this article are the writer's own and do not necessarily represent those of PlanetXnews.com nor its parent company, XmediaX. If you are interested in writing one or more guest articles for PlanetXnews.com, please email [email protected]

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  • deb371

    If you watched Godfather part 3 it is all about the vatican and a little about the families that forever are a part of this greed. One of the deadly sins, no less.
    I have taken the time to read the OLD TESTAMENT in Hebrew. I now understand that the christian church is a farce. The New Testament is flat, there is no magic, no connection. Very sad. Christians should wake up, READ THE OLD TESTAMENT you will find out what I mean if you do.
    BLESSINGS to all of God’s good people.



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