Many people spotted this story over the holiday break, and it's worth some commentary. The Institute for Religious Operations, otherwise known as the Vatican Bank, has long been a sore spot in the Vatican's image in the world. The problems began, one might recall, in the late pontificate of Paul VI(though the story broke later), when the first scandals and stories began to break tying the bank to other scandals, mobster Michelle Sindona's Franklin Bank collapse, the Loge Propaganda Due affair that tied Mason Licio Gelli's P2 Lodge to high ranking Italian government and Vatican officials, to the connections of Banco Ambrosiano's Roberto Calvi (found hanging from London's Blackfriar's Bridge with bricks stuffed into his pants), to American Archbishop Paul Marcinkus, at one time head of the IOR, and later Pope John-Paul II's chief of security. And of course, to the rumors that persist to this day that Albino Cardinal Luciani - Pope John-Paul I - was rumored to be ready to take a major broom to the Vatican Bank (and the Vatican itself), and clean out the swamp, when he was found dead in his bed, shortly after a meeting with an archbishop. The circumstances of his death, not the least the strange behavior of the Cardinal Camerlengo (the cardinal who takes over Vatican operations until a new pope is elected) Jean Villot in his handing of the death, led some to conclude John-Paul I was murdered. (For the record, it's a suspicion I continue to entertain.) More recently, suspicious 1.8 billion dollar transactions have apparently taken place between the Vatican and Australia, prompting one Vatican spokesman to state that the Vatican simply doesn't have that kind of money laying around. I say balderdash to that, for as I wrote in Covert Wars and Breakaway Civilizations, Eugene Cardinal Tisserant - incidentally the Cardinal in charge of the Vatican archives at the time - was heavily implicated, in the 1970s, as being involved in a scheme to launder $900 million in fraudulent American corporate securities.


Then there's Francis, who's right up there in my book along with Innocent III, Boniface VIII, and Pius "I-am-Tradition" IX for "reckless expansions of papal power."  You might recall that a few years ago, Catherine Austin Fitts and I looked up Francis' appointment of an accounting firm to audit the Vatican Bank during one of her visits to me. So we went online, and both guffawed out loud when we discovered that he had appointed the same firm that was the auditor of record for - here it comes - Lloyd's of London and The Bank of International Settlements. For someone wanting to get to the bottom of the financial swamp that is the Vatican Bank, this was not an auspicious beginning.

But that's nothing compared to what Jorge Cardinal Bergolio a.k.a. Francis I has just done:

Pope Francis Issues Law Reorganizing Vatican Finances

Here's the crux (not to coin a pun) of it:

Pope Francis issued a new law Monday reorganizing Vatican finances following a series of scandals.

In a document issued Dec. 28, the pope formalized the transfer of financial responsibilities from the Vatican’s Secretariat of State to the Administration of the Patrimony of the Apostolic See (APSA), which functions as the Holy See’s treasury and sovereign wealth manager.

He first announced the shake-up in an Aug. 25 letter to Vatican Secretary of State Cardinal Pietro Parolin that was made public on Nov. 5 after the Secretariat of State was engulfed by accusations of financial mismanagement.

The pope promulgated the new law in an apostolic letter issued motu proprio (“on his own impulse”).

The text, entitled “A better organization” and released in Italian, also set out new regulations for the oversight of Peter’s Pence, an annual worldwide collection supporting the pope’s mission.

In other words, Francis has moved the Vatican Bank from the Secretariat of State, normally headed by an archbishop or a cardinal archbishop, to the Administration of the Patrimony of the Apostolic See, in other words, placing the bank directly, for the first time in its chequered history, under the Pope. To draw a somewhat clumsy analogy, this is akin to President Kennedy's National Security Action Memorandum, that removed the CIA from oversight of covert operations, and placed those operations directly under the military, i.e., directly under the chain of command ending in the Presidency. In effect, what Francis has done is to move the whole "hidden system of finance" that is the Vatican Bank, a participant in that global "hidden system" that I've speculated about for so long, and placed it directly under papal control.

It might be argued that this was the only way to deal with the bank, to gain any measure of real oversight or transparency in the institution.

But I suspect it augurs something entirely different, and far more ominous, namely, the final capture of the papacy by "the high financial cabal". And as that system moves increasingly toward more globaloney, expect the same from the Vatican and future popes. After all, Francis has made no secret he's fully on board with that agenda. And this is the biggest symbol of them all.

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. zendogbreath on January 11, 2021 at 4:33 pm

    Cui bono?
    Man i enjoyed writing that.

  2. Pierre on January 9, 2021 at 9:28 pm

    Being a Covax pushing Jesuit (means poison in Martian) Pope they just don’t want people Anagramming the Vatican Institute for Religious Operations, or VIRO on their Covax poison funding laundering.
    i can almost hear those Temple tables being upturned real soon now (but not before it all gets a whole lot worse).

  3. DanaThomas on January 9, 2021 at 5:50 am

    I don’t think this “reform” is as revolutionary as some of the press- such as the “Wall Street Journal” – are making out. Imagine these labyrinthine buildings with their equally labyrinthine occupants, laymen and clerics (not many ladies there) with their desks, files, protocols and legalistic minds focused on how to interpret the latest “motu proprio” in their own favour. Remember the basically dualistic (androgenous?) nature of “The Vatican”: the Vatican City State (VCS), and independent entity recognised under international law, and the Catholic Church with the “Curia of Cardinals”, both headed by the Pope. Cardinals also head the VCS departments like the “APSA” theoretically used for “domestic” administration, i.e. if you do building work in the Vatican City you are paid by the APSA, typically through a third party bank and not the IOR (“Vatican Bank”). Though lawyers will quibble, the status of the latter seems to be in practice unchanged. I imagine people will be more confused than ever, but that seems to be the object of most of the manoeuvering in that weird jurisdiction.

  4. FiatLux on January 8, 2021 at 2:05 pm

    The Vatican equivalent of FASAB 56, taking the finances from badly obfuscated to totally dark?

  5. Robert Barricklow on January 8, 2021 at 1:12 am

    Obviously murdered.
    Not so obvious?
    He was elected as a temporary place holder.
    Now, when it comes to intrigue;
    its hard to out do the Vatican.
    Although having the fox guarding and/or auditing the henhouse is just plain fun; an in-your-face crooked wink to themselves. Vanity, thy name is Vatican.
    That the current Pope would sell out the Vatican is like saying the current Washington DC would sell out the American people. Oops!
    Reminds me of when the Vatican actually reviewed a Star wars movie for the first time because they were so upset.
    Not about the the good guys.
    But that the bad guys weren’t evil enough!
    The Vatican abhors a Mickey Mouse evil.
    It gives evil a bad rep.
    The Vatican must step in
    and protect evil’s bad name?
    Because they represent evil?
    [High Octane Speculation?]

  6. marcos toledo on January 7, 2021 at 7:35 pm

    This brings up the question of what outside power was not involved in the CSA 2020 ELECTIONS. The list of suspects grows longer by the day, week, month. is there no end to the hands in the cookie jar? The Curia is just the old Roman Senate in religious garb

    • Richard on January 7, 2021 at 8:49 pm

      There are bits and pieces from international involvement that’s difficult to pin down but other bytes quite active. They’re as if knowingly on the periphery, an ephemeral position that’s hard to catch if not ready without knowing the design of the set up. The Red Party of the east, foreign servers overseas, infiltration, and other sources still under investigation in the top portion of your list. One of the problematic issues about freedom of discussion is that network sniffers have a field day scooping up mega-bytes by the terra-byte. Their snooping actually draws cycle time from processing that’s actually noticeable. One could say that plausible deniability has limits for how much data can be hidden unawares or tagged.

      Given that any device connected and/or intermittently connected to a network has the working potential of being an unwitting hub for short periods without the user recognizing how useful their device has become for hacking, data exchanging, and manipulating data. Once connected malware can do what the programmer instructs it to relay with little notice. One of the reasons 5G is a major security concern. It’s faster than what has already been compromised. One question keeps buzzing around the noggin, “Who and what has been compromised and by how much?” With billions of connections, it’s a daunting task of sniffing through without the resources of a few that can.

  7. Richard on January 7, 2021 at 5:56 pm

    Oversight of “Peter’s Pence,” is an interesting phrase. That it’s “an annual worldwide collection supporting the Pope’s mission,” sounds like a benign way of mentioning money laundering abroad so long as interests are mutual. Begs one question of what that list of donors of wealth, access, and military might look like.

    The “Crown” or Trinity of Globalist Control has been hit three ways of three with the onslaught of this pandemic after plan of opportunity. It’s no wonder that there are re-alignments taking place and it’s only the beginning of January.

  8. Arpit Kanodia on January 7, 2021 at 3:18 pm


    One can only laugh at such articles, what’s so wrong that the Indian govt wants to vaccinate their people first. But now, if western power ban exports its alright, but it’s a problem if countries in the east do that.

    Also when India backtracked on Bharat Biotech’s vaccine, they said it we only clearing it for emergency use now, but when Phase 3 gets completed in the next 2 weeks, it gets clearance.
    Such lies they create.

  9. OrigensChild on January 7, 2021 at 2:00 pm

    The sound you are hearing is that of a standing ovation. Well done, Dr. Farrell. Well done.

  10. The Elephant Underground on January 7, 2021 at 8:56 am

    Here’s Simon Parkes (Connecting Consciousness) latest update from his insider intel, on this very thing being uncovered and acted upon militarily with respect to election interference. https://www.youtube.com/watch?v=_CHdt2qRLj8 Yikes!

    • Kaibosch on January 7, 2021 at 11:10 am

      This guy is still peddling the hope porn that “Trump will be back in” – verbatim quote- becuase ‘the military’. He said last month that the CIA director was in gitmo and US military were in Germany seizing servers. Laughable. The US military are controlled by Industry hence Military-Industrial complex. Trump has accepted the election result and pledged a “smooth transition” so its game over. He was always part of the game anyway. Biden is the transitional President (77 for transition or flight) between Trump and Harris.

      • anakephalaiosis on January 7, 2021 at 3:51 pm

        “When the saints go marching in… the trumpet sounds its call.”

        Vatican election meddling, by Leonardo da Vinci, causes Mona Lisa to smile.

      • OrigensChild on January 7, 2021 at 6:53 pm

        Kaibosch, I don’t know anything about this guy, nor have I heard this. But I did hear an interesting item related to Vatican involvement from another source.


        Now I have no way of vetting this and my skepticism is on alert. If this story is true, my comments below may well apply.

        • Robert Barricklow on January 8, 2021 at 11:43 am

          When the Ministry of Truth comes marching in; videos like above go,
          go marching out [removed].

        • Mark Merg on January 9, 2021 at 8:09 am

          Can you please provide the Title of the Video so that I can find it? YouTube took the link off line.

      • Laura on January 8, 2021 at 4:06 am

        hey K, I am not am sure what to believe about the election, but if this is not true I would like to see the fictional movie. the movie would be called ‘the counter-op’


        leonardo, vatican funding, congressional laptops, texas command location, double fake media.

    • Scot Cottage on January 7, 2021 at 4:01 pm

      Time will tell. It is interesting that Italy had both the most Chinese nationals outside of their country in the northern textile industry & a very high & early infection rate. The P2 Masons have had a historic connection with the heroin trade from Lebanon, PROMIS to PRISM software, old man Maxwell / Epstein money laundering, GCHQ & their franchises. All that beside the 200 plus years of Rothchild / Vatican money shenanigans.

      • OrigensChild on January 7, 2021 at 6:49 pm

        If Italy is legitimately ratting out a Catholic connection, and this connection has a real trail of evidence, hopefully time will tell. As I often state in matters such as this, I live in the constant State of Missouri: show me the evidence. This also means we may have a Constitutional crisis not yet experienced in our history if the military does intervene after Inauguration Day. This, too, could lead to fascism of a very different kind.

        • Robert Barricklow on January 8, 2021 at 1:18 am

          Loved your, I live in a constant
          state of Missouri remark!

  11. Beckysue on January 7, 2021 at 8:40 am

    Two videos discussing the Vatican’s role & Italy’s role in the election rigging. The claim is, we knew info was moving, just didn’t know how. They let the Georgia elections go on to get this information, the last puzzle piece that absolutely shows foreign interference. So did the Pope take over the bank to hide the money moving to fund this? Have to tread lightly, Italy is a NATO ally. (Personally, re Eisenberg, I am wondering if Trump has had it in for this guy for awhile. #TwinTowers)



  12. Beckysue on January 7, 2021 at 7:55 am

    News reports coming out of Italy that someone at military contractor co. Leonardo SpA, 1/3 owned by the Italian government, used their satellite access code to link up & transfer data re: our election. (Youtuber claims the satellite is owned by the Vatican, & some of Obama’s 400mil went to finance this). Former Clinton stooge on the board, & Profumo, who got in trouble with the banks. Claims are it hasn’t hit here yet because Italy is a NATO ally. Should allow Trump to execute exec. order 13848. Took place at American Embassy on Vio Veneto, in concert w/American consulate in Frankfurt. Our ambassador to Italy is one Lewis Eisenberg, worked at Goldman Sachs, chairman of NY Port Authority during 9/11, helped Silverstein get lease on Towers. I searched for Wikipedia page, someone whose first language is not English posted a lot of stuff about his being a traitor, see if it comes up for you. Leonardo wants a seat on the NYSE. Thought I saw where Loeffler’s husband (Ga. senator) owns NYSE.







  13. anakephalaiosis on January 7, 2021 at 7:02 am

    Theatrical story plot:

    The Water War, between Pontius Pilate and Caiaphas, was about pouring fresh water, into stillwater, and completing Bronze Age city planning, with Iron Age technology.

    This progressive and reactionary power struggle was obviously a great divide. Controlling the way to the waterhole, in a conflict between cowboys and farmers, is an obvious parallelism.

    A joint operation, between Roman and British intelligence, to deliver the deliverer, becomes a psyop. Doctor Who comes out, in defense of Pontius Pilate, in a hinted footnote. Luke 12:1-5.

    High money priest never wanted heathen fresh water, flowing through his backwater dogmas.


    • anakephalaiosis on January 7, 2021 at 7:09 am

      Correction: Luke 13:1-5.

      • Scarmoge on January 10, 2021 at 8:20 am

        … and on a further theatre note … if you loved Mel Brooks’s “History of the World Part II” with its big show stopping hit “The Inquisition” you’ll just rave about the grand, new broadway hit musical (just kidding, Broadway will never reopen unless its under the rules and control of the RAPP [Revolutionary Association of Proletarian Writers]. Where, Oh, Where is my Averbakh? Oh Where Oh Where can He/She/It/Preferred Personal Pronoun Be? [sung to the tune of Where Oh Where Has My Little Dog Gone?] I’m sure one will emerge out the Biden/Harris swamp [you have to say it quickly as is it meant to be understood as all one entity]) South Tyrrhenian with its great hits , “I’m Gonna Wash that Bank Right Out of my Hair”, There’s Nothing Like a (Notre) Dame”, “Castle Gandolfo (sung to the tune of Bali Ha’i by Bloody Mary Tudor), “Some Enchanted Apocalypse”, “Im in Love with Wonderful Lucre” … and many, many more * all material connected with South Tyrrhenian copyright of ScarmoCo.

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