Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Pope George Ringo II

(1,896 posts)
3. I'm sort of assuming the Vatican has trillions in the basement.
Tue Feb 26, 2019, 04:56 PM
Feb 2019

About 1980, my father the bank examiner was doing his job and ran across a loan made to the Diocese of Arlington. That one diocese four decades ago had assets worth over one billion, and not much in the way of liabilities.

As best he could make out, the only reason they took out the loan was to harangue people into donating more money to support the poor, cash-strapped church. My mother was dragging me to St. Leo's in Fairfax at the time. The pleas for support to help the poor, broke church pay off the loan were as passionate as they were laughable.

And the story of French nationalization of church property leading to fiat money problems is also worth examining when you want to talk about the sheer wealth of the organization. Has to be trillions or more in real value.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Issue Forums»Religion»Vatican to await George P...»Reply #3