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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.
Rome, Italy, Feb 14, 2010 / 12:20 pm (CNA).- The Holy Father paid a visit to the homeless shelter at Rome's central Termini Station on Sunday morning along with a number of Church, local government and business representatives. He spoke to the gathering of the importance of charity in promoting human dignity and building an civilization of love.
In his address to mark the occasion, Pope Benedict XVI recognized the many benefactors, workers and volunteers who employ themselves daily to taking action on the words of Jesus, "I was hungry and you gave me food, I was thirsty and you gave me drink, a stranger and you welcomed me, naked and you clothed me, ill and you cared for me..."
Directing his words to those assisted through these efforts, a number of whom were in attendance, the Holy Father said, "know that the Church loves you profoundly and won't abandon you, because it recognizes in every one of your faces the face of Christ" who identified himself particularly with the poor and indigent.
Rome, October 9 2012– Over 47,000 people in Italy are
without a proper roof over their head, the national statistics
agency said on Tuesday. In the last two months of 2011, 47,648 people used the soup
kitchens and night shelters made available for the homeless in
the country’s 158 largest municipalities, Istat said. The majority of homeless people are male (86.9%), aged less
than 45 (57.9%) and foreign (59.4%), and they are concentrated
primarily in the north of Italy (38.8%) and in big cities such
as Milan (27.5%) and Rome (16.4%). The condition of homelessness has persisted for an average
of 2.5 years, with the figure for Italians rising to 3.9 years
compared to 1.6 years for non-Italians. Just over 28% of homeless people are in employment,
although this is usually on a fixed-term or irregular basis.
Originally posted by adjensen
And that's just in the United States. Show me another church that can claim that.
Originally posted by adjensen
Two facts that you're apparently not aware of:
In that laundry list of Vatican assets ("investments in banking, insurance, chemicals, steel, construction, real estate") guess which one is the largest? Yep, real estate. And guess what most of that real estate is? Yep, churches and cemeteries, not exactly things that the church can "unload to help the poor."
Secondly, Catholic Charities USA is one of the largest charitable services organizations in the world. In fiscal year 2008, Catholic Charities USA, whose motto is "Working to Reduce Poverty in America", spent $3.42 billion (with a "B") on charitable services.
And that's just in the United States. Show me another church that can claim that.
Originally posted by Akragon
Why do they horde money... when their saviour speaks against it?
What could they possibly need with 15 billion dollars?
Thanks for your reply btw
Originally posted by DrunkYogi
One thing is certain, the Priests don't go hungry and they will always have a roof over their head. They surround themselves with Gold and Jewels while their flock starve to death. The quicker this hypocritical pedophile organization bite's the dust, the better.
Originally posted by Akragon
They also claim to be the one true church of God.
Originally posted by DrunkYogi
One thing is certain, the Priests don't go hungry and they will always have a roof over their head. They surround themselves with Gold and Jewels while their flock starve to death.
I'd have done it in Arkagon's name, but they didn't have that option
Each Sunday a chubby parish priest stands and asks the poor people to give even more money from their meager earnings to support God's work in small towns all over this poor state.
Originally posted by borracho
reply to post by adjensen
That statement is a fact. The Chubby priest at Our Lady of Belen in central New Mexico does exactly what I stated.
Originally posted by borracho
reply to post by adjensen
Not based on his appearance, no. It is due in large part to his love of donuts.
Originally posted by borracho
I woulde like to see where you got the information regarding the land holdings of the Church.
Here you go.
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."