clo
Where do you see the catholic church or the pope walking the walk???
Catholic Church is way larger than Wal-Mart.
Globally, the wealth of the Catholic Church is estimated to be in excess of $3,000 Billion. It is the highest land owner of Manhattan Island. It owns more gold than all of Europe combined.
For over 14 centuries, the Vatican was the undisputed wealthest single economic entity in the world.
The problem is that the Catholic Church hides its wealth behind tens of thousands of front companies, blind trusts, off shore accounts and other financial loopholes to both avoid tax and the revelation of its wealth.
See:
http://one-faith-of-god.org/final_testam...
The Vatican is by far the largest holder of land titles for any organisation or government in the world with visible title to around US $316 Billion of property (churches, schools, hospitals etc) and around US $2,623 Billion of investment property hidden in an extremely complex networks of hundreds of thousands of trusts and front companies.
The current market property value of Vatican City, in the heart of Rome alone is worth between US $1 Billion and $3 Billion. This excludes the value of the priceless artworks and valuables stored within its walls.
The most valuable property holdings of the Catholic Church by nation is the United States with around $50 Billion in visible property holdings and around $507 Billion in hidden property holdings through a massively complex network of front companies and trusts.
While we may never know the true and staggering wealth of the church, two facts are certain:
(1) The Catholic Church steadfastly refuses to be an open book to its global wealth and
(2) has not shown the slightest interest in using its massive wealth to solve world poverty and massive problems once and for all.
Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!
| 