Archive for the ‘Vatican Bank’ Category

Don’t Worry It Doesn’t Affect Infallibility!

March 10, 2012

The U.S. government has (for the first time, remarkably) placed the Vatican on a “list of countries that are a potential hub for money laundering … .”  (link)  One can speculate regarding the motives of the U.S. government, but is this kind of thing consistent with a theory that the Vatican represents the succession of Peter and Paul?  The article concludes:

The moves are all part of the Holy See’s efforts to get on the “white list” of countries that share financial information and shed its long-held reputation as a secretive offshore tax haven whose bank has been embroiled in scandals over the years.

Of course, financial scandals occur everywhere – but that’s partly the point.  The Vatican isn’t something special.  It’s simply a human institution, not a divine one.

I fully recognize that even if Benedict XVI himself were to become linked to money laundering, that would not effect papal infallibility, the way that papal infallibility has been defined.  Moreover, I suspect that as far as popes go, Benedict XVI is one of the more outwardly moral.  I doubt he has been personally involved in money laundering.  That’s not the point. I say that just to be clear, because it seems that some people misread my posts when I illustrate the nature of the institution that continued to support Cardinal Law with a job until his 80th birthday.


UPDATE: 3/23/2012

It seems that J.P. Morgan/Chase has lost confidence in the Vatican Bank (link to story).

Deposit of the Funds Safe

October 13, 2008

Protestants may question whether the Vatican has safely maintained the Deposit of the Faith, but the Vatican Bank claims that those who have deposited funds are safe (link). I’m probably the last person to realize that the Vatican really was a player in the banking and finance industry in Europe, which is odd since I have watched the God-Father trilogy.


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