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 Banker’s 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, TWA, etc. At a conservative estimate, these amount to more than 500 million dollars in the U.S. alone
Avro Manhattan / Vatican Billions, 1983 (quoted by Michael Tsarion).
The Roman Catholic Church in the U.S. is an economic giant, not so much because she has penetrated within the economic sinews of the giant corporations, trusts and banks of America, but because she has accumulated lands and real estate, and controls institutions whose real, solid, and material value in terms of money made of her an economic colossus in her own right, indeed, perhaps the greatest colossus of all…any giant corporation of the U.S. can deduct 5 percent of taxable income for contributions to churches. Many churches, but above all the Catholic Church, have fully exploited this little known clause, with the result that the greater part of the giant corporations of the U.S. have given the 5 percent to the Catholic Church. If one looks at the profits of, say, General Motors, IBM, Standard Oil and so on, one can see what vast sums have been received from the corporations…
Avro Manhattan / quoted by Michael Tsarion.
How large was the Catholic Church’s Italian portfolio twenty-five years after the Second World War? The answer to the question is a difficult one…unofficial estimates by Italian governments at various times, based on scanty information they were able to come by, seemed to coincide with the nebulous hints dropped by the Vatican. According to these estimates, the Holy See owned between 15 and 20 percent of the total stocks quoted on the Italian Stock Exchange. In December 1964 the total value of all these shares was 5,500 billion lire, which put the capital invested by the Vatican, as early as 1964, in Italian stocks alone, at about 500 million dollars. By 1972 this had risen to above 700 million. Yet the Vatican’s investments in Italy represented, according to reliable Vatican sources, only between one-tenth and one-twelfth of the whole of its world investments. This gives the total astronomical figure of 5,000 million dollars – at a conservative estimate
Avro Manhattan /quoted by Michael Tsarion.
…Ustashi had been directly financed, not only by Mussolini, but also by Pope Pius XII
Avro Manhattan /quoted by Michael Tsarion.