Mr. G.P. shared this article, and it really prompts some high octane speculation, particularly in the context of yesterday's blogs and speculations about the survivability of the EU, the euro, and the refugee crisis. As you'll recall, yesterday I speculated that what we might be witnessing in Europe, with the backlash against refugees, and the unworkability of the Euro, is a return to some form of the Exchange Rate Mechanism, with various such mechanisms in Europe centered or clustered not just around Germany, but also possibly France, until such time that a "European identity" and awareness can be created, for which the refugee crisis seems to be tailor-made.

It's in that context that I propose to consider the following article and profer some high octane speculation:

Suspended audit reveals power struggle at the Vatican

Two years ago I blogged about the fact that Pope Francis seemed determined to overhaul and "clean out" the notoriously corrupt Vatican bank, the "Institute for Religious Works'. As a part of this overhaul and cleanup, the pope had hired Price Waterhouse and other firms to do internal audits and bring the bank into international regulatory conformity. As I noted then, some of these were also the auditors of record for Lloyds of London and the Bank of International Settlements (another bastion of financial propriety!)  But why the sudden push to "clean out" the Vatican bank to begin with?

I suggest that, since this move came after the establishment of the EU and the eurozone, that the two events are deeply related. In that context, consider the following statements from the article:

The case of the PwC suspension is revealing. According to CNA's source, PwC was hired by the Council for the Economy, which made the decision by an unanimous vote.

However, the Secretariat of State claimed the need for further control, and raised issues for discussion, such as: given that Vatican City is a sovereign state, and not a company, is it even proper that its financial books undergo external auditing?

The issue of sovereignty is crucial for the Holy See, which has fought recently to be independent of any secular power: sovereignty has helped the Church to act independently throughout the world, without depending on any secular power, and to be able to have an independent voice in the international scene, thus being able to advocate for human rights and the common good without being accused of any partiality.

Sovereignty is not just a notion: the Holy See’s sovereignty insists on the independent, albeit small, territory of the Vatican City State, which like any other independent nation has its internal jurisdiction and legislation, and is involved in international relations.

This sovereignty implies that the Vatican dicasteries are considered on par with the ministries of any other country – which includes a level of confidentiality in handling their budgets.

For Cardinal Pell, the real challenge is to introduce international accountability standards within a state system: to find a balance between the needs of a manager and those of a governor.

This is, indeed, the rub: the Vatican's soveriegnty and recognition as such in international law and diplomacy, and its parallel status as a (gigantic) corporation with its own central bank. But given all these claims and privileges in law, why would the Vatican have undertaken such an audit in the first place?

My high octane speculation may be perceived as the wildest and most bizarre fantasy, but nonetheless, it's worth putting out there for consideration, for consider, what is the one thing that all of western Europe has in common culturally, and historically(and, incidentally, that Eastern Europe and Russia, do not)? Answer: the papacy. So my suspicion is that the oligarchical powers that be have decided that the only way to make a common currency for Europe(by which they mean, always, and only, western Europe), is to give that currency the sanction of the Vatican, i.e., to involve the Vatican in its issuance and sanction. It's the old alliance of the bank, and the temple, all over again. Of course, just how such a crazy scheme would work out in detail remains to be seen.

How will we know if such a scheme might even be being considered? Very easily: if the Vatican starts sending, or increasing the numbers and involvement of its observers and nuncios to the Eureopean Union, to the European Central bank, or is granted representation in the IMF or World Bank.  Hence the audits: to achieve representation, the Vatican bank has to conform to the same standards of corruption as everyone else.

See you on the flip side...

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. DownunderET on May 13, 2016 at 6:22 pm

    Why would you believe anything these lying monsters say. I mean this is the mob who helped those Nazi’ escape to South America, murdered hundreds of simple folk for thousands of years and all in the name of God. I just hope one day that these so called “religious” cowards are exposed for what they really are…………LIARS.

  2. goshawks on May 13, 2016 at 5:08 pm

    I suspect that the ‘stalling’ of the audit is simply due to the money trail. The Vatican has been involved with the financing of who knows how many causes and movements over the centuries. And, that’s only the sanctioned ones. I am sure there are ‘slush funds’ that would be interesting to look through…

    In this internet day and age, the risk of damaging material ‘leaking’ in the course of the audit would be just too great. Pope Francis, even if he really means well, could ignite a firestorm that would make the child-molestation issue seem tame. (And, the ‘sovereignty’ issue might come into play in a negative way, through stripping-away of the church’s ‘nation’ status – “For their own good.”)

    This does bring-up an issue: Are those pushing for an audit the millennias-old foes of the church?

    • Pellevoisin on May 13, 2016 at 10:53 pm

      The idea of an audit is a different fish than an audit performed by a firm with known nefarious connexions to groups and forces that are inimical to the stated goals and postures of the Church of Rome. I have an impression that in part this audit was being carried out not for the benefit of the Pope and the Church but for the benefit of those forces that intended to pick clean the asset carcass of the Vatican.

      • goshawks on May 14, 2016 at 12:54 am

        Ahhh. Like the difference between the idea of a Constitutional Convention and a Constitutional Convention performed by/for the benefit of those forces that intend to pick clean the asset carcass of the US. Understood.

        • goshawks on May 14, 2016 at 12:55 am

          “Your comment is awaiting moderation.” A little too close to the target. Gotcha. goshawks – May 14, 2016 at 12:54 am.

        • goshawks on May 16, 2016 at 11:29 am

          Pellevoisin, my comment is out of moderation. Enjoy!

          • Pellevoisin on May 17, 2016 at 1:15 pm

            I do. Thank you. (A comment of mine once in moderation purgatory, has been released near the bottom of this page.)

  3. Dan on May 13, 2016 at 4:43 pm

    frank and cyril released doves together not too long ago. In Havana of all places…

  4. Robert Barricklow on May 13, 2016 at 4:32 pm

    To pick up a thread I wrote about recently at this site in regards to the COs scam is picked up by William Engdahl here:

    • Robert Barricklow on May 13, 2016 at 4:41 pm

      Another thread: the coup in Brazil, an attack on the BRICS…
      Dire economic conditions in Brazil made Rousseff vulnerable.

  5. Guygrr on May 13, 2016 at 12:53 pm

    Yeah that one is definitely high octane. Makes things easy though, the same body could then call for a crusade AND finance it. Keeps the Venetians out of the mix, no unsanctioned side trips to Constantinople allowed.

  6. Robert Barricklow on May 13, 2016 at 11:04 am

    Ernst & Young, PwC, Deloitte Touche Tohmatsu, and KPMG are all part of the international criminal syndicate private banking cartel. All moving in sync with the private power takeover of public worldwide governance.
    At the same time there has been Global Islamic Caliphate forming with Nazi/CIA roots.
    While crusading memes are on the march.

    • Robert Barricklow on May 13, 2016 at 11:23 am

      at the same time the West is going cashless/digital.
      While the East is going Gold and Islamic scholars are working on Sharia law to allow gold in commerce.
      West digital fiat.
      East Gold.

    • Robert Barricklow on May 13, 2016 at 3:49 pm

      William Engdahl on this middle east subject above:

      • Robert Barricklow on May 13, 2016 at 4:11 pm

        • marcos toledo on May 13, 2016 at 10:18 pm

          Thanks for the link Robert and to think this is a Fox news radio affiliate the irony.

          • Robert Barricklow on May 14, 2016 at 9:57 am

            Yes Marcos,
            and out of Utah, no less!
            The more waking up, the merrier!

  7. marcos toledo on May 13, 2016 at 10:50 am

    The problem is the Papacy and the Curia consider themselves the inheritors of the Caesars and the Senate of Rome. As such have refuse to delegate power to others they first created the Holy Roman Empire and then proceeded to destroy it when it challenge the Church in areas of government it felt the Church had no right to interfere.

  8. LSM on May 13, 2016 at 10:31 am

    “what is the one thing that all of western Europe has in common culturally, and historically(and, incidentally, that Eastern Europe and Russia, do not)? Answer: the papacy”

    there are several cources that claim the international banksters are nothing more than pawns/minions of the monetary machinations of the vatican;

    am not saying I believe this 100% but I’m not yet ruling it out- I just yet don’t know (am not an insider)

    if one is aware of true “religion” history, religion and money have always been in bed together; is it any different nowadays?-

    as Bon Jovi sings: “the more things change the more they stay the same”- wow, what a concept…

    Internet entity Jordan Maxwell has often stated the woes of the world can be attributed exclusively to the Vatican; am not sure I can believe that 100% but am not ruling it out;

    so I just think there must be a middle-ground here: it’s probably a combination of both- any establishment can have rogue factions separating itself due to various reasons (usually self-interest) from the original source-

    be well all-

    Larry in Germany

  9. Phil White on May 13, 2016 at 10:05 am

    I wonder if Dr. Farrell is aware of the work of Anna Maria Riezinger. Dr. Farrell and the Judge, if they were to put their heads together….boy howdy. Anna’s work (and I am not affiliated with it, I merely admire it) can be found at the website anna von reitz dot com. Apparently “Anna Von Reitz” is a pen name, Mrs. Riezinger being her Christian name.

    • Phil the Thrill on May 13, 2016 at 10:54 am

      Forgive me for placing two comments; I am a new user and I was unsuccessful in trying to edit the first. At the website I mentioned are several articles dealing with the Pope’s “Moto Propriu” issued in 2013, in which the Holy See gave notice to the IMF, the Bar Associations, the Federal Reserve, US Inc., etc etc that they had three years to come into compliance with their charters or face being liquidated. The three years comes up at the end of June 2016.

  10. Pellevoisin on May 13, 2016 at 10:04 am

    I am reminded of a quote from C. Quigley of Georgetown: “…the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.” Of course, those plans failed or are in the process of failing and falling like a meteor crashing to earth. The Vatican Bank would lend some credibility to the banking endeavour in the unopened eyes of the great unwashed.

    • goshawks on May 13, 2016 at 4:49 pm

      Pellevoisin, thanks. We all have to be reminded every once in a while of the ‘stated intent’ in that seminal NWO book. Best paragraph ever…

  11. Neru on May 13, 2016 at 9:49 am

    Not eager to have those misfits also entering the fray. Hope they progressed beyond “slaughter” or the Crusades are the future.

    If there was one thing really different in EU from the USA cousins the word Lord, Crist ect never where spoken by politicians/presidents. Nobody never lay awake if the zipper on the leaders trousers opened to much.

    It does not matter where those “parasites” hide behind it is never good for the normal people.

  12. Pellevoisin on May 13, 2016 at 9:47 am

    The earliest proponents of a European union had in mind a Christian nation and more specifically a Catholic united Europe. (Vatican II should be seen within the light of those thinkers as a measure to move the Roman Church toward union with the various European state churches).

    I have no idea where to find it now, but I know once upon a time I read one of those United Europe political thinkers who offered that the only form of united currency that would work would be one minted and printed by the Vatican. No one would trust a particular national bank of another nation, and there would be no agreement on how to constitute a European bank, so the Vatican Bank would be the best locus for the creation of European united currency.

    Of course, somewhere along the line all of those with religious conviction were removed and the secularists firmly took charge of the EU project. They have clearly failed. It would not surprise me at all if the ball were served back to those religious politicians or political philosophers who envisioned a united Christian Europe and not simply Europa riding upon the Bull. The immigration crisis with the flood of non-Europeans into Europe would necessarily push minds to consider the meaning of Europe and force a collective understanding of European history and identity as a Christian one.

    Of course, those content to unite throne and temple must fight another power centre that believes Islam is the best religion for the masses under ‘state control and direction’ much as Uthman intended in the creation of the various hallmarks of the religion such as the so-called standard edition of the Koran and the juridical formularies of the religio-political system of what we know as Islam.

    • goshawks on May 17, 2016 at 3:28 pm

      Pellevoisin, a great comment! I am glad that you spoke up about it being back; otherwise, I would have missed it entirely. (Other readers might bear this practice in mind…)

      I would have never thought about Vatican II in that light. Wow; explains a lot. Also, the current ‘tension’ about Vatican finances. Kudos.

      Spirituality being such a fundamental part of humanness (grin), I suspect the power brokers will have a hard time expunging it from the equation. The harder they push, the greater the ultimate response…

      In line with the merging of currencies, I wonder if the pushing of Islamic refugees into Christian territory is a (clumsy) way of ‘forcing’ some sort of mashed-up Christian/Islamic ‘hybrid’ – after much bloodshed along the way…

  13. DanaThomas on May 13, 2016 at 9:17 am

    Yes, your idea is bizarre but now “they” are desperate for ANYTHING to prop up their power…

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