Exposing the nonsense of deluded Catholics who think that their Church isn’t rich
by Ibn Anwar
“Jesus said to him, “If you would be perfect, go, sell what you
possess and give to the poor, and you will have treasure in heaven; and come, follow me.” (Matthew 19:21)
“Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.” (Matthew19:24)
It is no mystery to non-Catholics that the Roman Catholic Church is one of the richest religious organisations in the world. Despite the overwhelming facts on this one may still come across jokers such as this Catholic missionary:
“I was recently in Rome where I saw the restoration of the Sistine Chapel. I could not take photos in there because a Japanese company owned the copyright. The Vatican didn’t have enough money in the budget to restore the Sistine Chapel so a Japanese company did it in exchange for the copyright privileges.” (David McD, Isn’t the Church Rich?)
David McD runs a comprehensive Catholic apologetics and travels around the world propagating Catholocism through music.
In the essay he tries to defend the Church against accusations of it being overly wealthy. The first excuse he gives as seen in the quotation above is that recently the Sistine Chapel had to be restored but the Church couldn’t pay, so this was substituted with copyright privileges. What a thin excuse! May I offer an alternative perspective? Perhaps, the reason why the Catholic couldn’t pay or rather reluctant to pay was because it has had to pay the following amount to rape victims by its Church officers(ministers, priests etc.)? :
January 15, 2007 Diocese of Charleston Bishop Robert J. Baker agreed to pay $12 million to settle numerous cases concerning abuse by priests.(News Link)
In December 2006 the Archdiocese of Los Angeles (its archbishop was Roger Cardinal Mahony) agreed to a payout of $60 million to settle 45 of the over 500 pending cases concerning abuse by priests.(News Link)
In July 2007 the Roman Catholic Archdiocese of Los Angeles agreed to pay a $660 million settlement to hundreds of people who claimed to have been abused by clergy. (News Link)
In September 2003 the Archdiocese of Boston agreed to pay out $85 million to 552 victims.(News Link)
In 1997 the Diocese of Dallas negotiated a $31 million settlement with victims.(News Link)
In June 2003 the Archdiocese of Louisville made a $25.7 million settlement involving 240 victims of sexual abuse.(News Link)
On January 3, 2005 Bishop Tod Brown of the Diocese of Orange apologized to 87 alleged victims of sexual abuse and announced a settlement of $100 million following two years of mediation.(News Link)
In December 2006 the Diocese of Phoenix agreed to pay $100,000 to William Cesolini, who claimed he was sexually assaulted as a teenager by a priest.(News Link)
In Canada the Christian Brothers have paid out approximately $35 million (Canadian) in compensation.
In May 1994 the Diocese of Lincoln (Nebraska) agreed to pay Rob Butler, FKA Adam Butler, $40,000 after he claimed he was abused weekly for two years.(News Link)
Jury says Dallas diocese covered up priest’s actions. DALLAS (CNN) — The Roman Catholic Diocese of Dallas has been ordered to pay $119 million in damages to a group of former altar boys who say they were sexually abused over a 15-year period by a priest. (News Link)
ROME PAYS $110 MILLION TO SETTLE CHILD SEX ABUSE CASES IN IRELAND. The Roman Catholic Church in Ireland has agreed to pay $110 million to avoid further sex scandal litigation. More than 20 priests and members of religious orders have already been convicted of molesting
children, and some estimate there could be as many as 3,000 sex abuse victims. (News Link)
TOTAL AMOUNT FROM THE SETTLEMENTS: 1, 010, 800, 000 (1 BILLION 10 MILLION 8 HUNDRED THOUSAND$$$$$) !!!
David McD : They are not rich, just look at the Sistine Chapel when it needed restoration the church couldn’t even pay!
Ibn Anwar : Yet, they have an excess of 1 billion dollars to spend on legal seetlements and fees for rape cases by priests and pastors?
David McD: *Gobsmacked*
We read from Time magazine US:
“Bankers’ best guesses about the Vatican’s wealth put it at $10 billion to $15 billion. Of this wealth, Italian stockholdings alone run to $1.6 billion, 15% of the value of listed shares on the Italian market. The Vatican has big investments in banking, insurance, chemicals, steel, construction, real estate. Dividends help pay for Vatican expenses and charities such as assisting 1,500,000 children and providing some measure of food and clothing to 7,000,000 needy Italians. Unlike ordinary stockholders, the Vatican pays no taxes on this income, which led the leftist Rome weekly L’Espresso last week to call it “the biggest tax evader in Italy.” (Time Magazine Report)
Despite all these big monetary figures along with all the sex scandals the Pope had the cheek to make the following comment:
“The global financial crisis is proof that the pursuit of money and success is pointless, Pope Benedict XVI has told a meeting of bishops in Rome.
The head of the Roman Catholic Church said that the disappearance of money as banks collapsed showed that wealth meant “nothing”. ” (BBC News)
We further read on Chapter 10 of Avro manhattan’s The Vatican Billions:
”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 ($571,704,953). It is not difficult to discover the truly astonishing wealth of the church, once we add the riches of the twenty-eight archdioceses and 122 dioceses of the U.S.A., some of which are even wealthier than that of Boston.”
These figures were revealed about 10 years ago and it has probably escalated exponentially since.
We also see the following table which is a most interesting find :
The Major property holdings of the Catholic Church are listed in the following table. The property investments are divided into visible property holdings and hidden property holdings.
|(m)||(US millions)||(US millions)|
|United States||83.2||$ 50,179||$ 507,363|
|Germany||27.9||$ 29,783||$ 268,046|
|France||54.7||$ 28,245||$ 254,209|
|Italy||49.2||$ 23,096||$ 207,866|
|Brazil||150.3||$ 26,260||$ 168,260|
|Spain||37.1||$ 15,827||$ 142,440|
|Mexico||93.7||$ 21,147||$ 135,499|
|Belgium||7.8||$ 9,558||$ 96,643|
|Canada||12.8||$ 8,393||$ 84,864|
|Austria||6.0||$ 7,514||$ 75,979|
|Argentina||35.9||$ 9,550||$ 70,031|
|Poland||34.5||$ 8,906||$ 65,308|
|Colombia||38.9||$ 9,319||$ 59,710|
|Philippines||73.3||$ 8,999||$ 50,993|
|Ireland||3.5||$ 4,241||$ 42,879|
|Chile||14.8||$ 5,203||$ 38,153|
|Peru||25.4||$ 5,800||$ 32,866|
|Hungary||6.7||$ 4,033||$ 29,577|
|Netherlands||5.6||$ 3,343||$ 30,091|
|Portugal||9.9||$ 3,984||$ 29,220|
|Venezuela||24.6||$ 4,105||$ 23,263|
|Switzerland||3.4||$ 2,355||$ 23,808|
|United Kingdom||9.0||$ 2,395||$ 21,556|
|Australia||5.2||$ 1,871||$ 18,923|
*As a matter of FACT, this phenomena is not a recent development or something new. One can trace back the hoarding of wealth by the Catholic Church for selfish ends to its early history. We need only read Geoffrey Chaucer’s magnum opus “The Canterbury Tails” written around the 1380′s wherein he details churchmen who con and deceive the common folk into emptying their pockets and spending their last farthings for the benefit of the church and its officers.
Conclusion: THE CATHOLIC CHURCH IS INDEED VERY VERY RICH! Those who deny this FACT are stupid at worse and delusional or ignorant at best!
MONEY,MONEY MONEY, MONEY, MONEY!!!!!!!!!
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