There is another story just out about the Vatican's ongoing financial woes, shared by B., and it's worthy of some high octane speculation. The Vatican, it seems, has been dipping into reserves in order to continue operating:

Vatican low on reserves to cover deficit, seeking donations

Note this from the article:

The Vatican warned Friday that it has nearly depleted its financial reserves from past donations to cover budget deficits over recent years, as it urged continued giving from the faithful to keep the Holy See afloat and Pope Francis’ ministry going.

The Vatican published its 2021 budget in its latest effort at greater financial transparency amid a predicted 50 million euro budget deficit this year. The aim is to reassure donors that their money is being well spent, following years of mismanagement that is currently the focus of a Vatican corruption investigation.

Francis’ economy minister, the Rev. Juan Antonio Guerrero Alves, said the coronavirus pandemic, which reduced donations as well as revenue from the shuttered Vatican Museums, would contribute to a projected 30% reduction in revenue to 213 million euros in 2021, from 307 million euros in 2019, the last year available.


But even then, the 50 million euro deficit expected for 2021 will require once again dipping into reserves of past donations to cover expenses. Guerrero confirmed that in 2019, the Vatican used 27.2 million euros in Peter’s Pence reserves to cover its operating costs, on top of the 53.8 million euros in revenue to the Peter’s Pence fund that year.(Boldface emphasis added)

There you have it: the article suggests that most of the shortfall has been due to the planscamdemic and a revenue shortfall.

There's no doubt in my mind that this is true, but true only insofar as it goes. But I want to offer another possible reason for the shortfall, and with it, today's high octane speculation. We can some up this speculation very simply: the Roman Catholic faithful have had it. Consider things from their point of view: first came Vatican II, with its new (and ugly) "liturgy"; "burlap" vestments with ugly appliques screaming things like "love", "joy", "peace" and so on, and a whole host (not to coin a pun) of other uglifications, clergy scandals, financial scandals and so on, all of which have festered for decades, and to top off the circus, a pope - Francis - who seems intent on flouting Roman Catholic tradition and doctrine for every ecumenical photo-op available to him, the most recent example being a prayer service at a Babylonian ziggurat.

One can think of all of this as an ecclesiastical and ecumenical version of globalism, whose political "leaders" are more intent upon maintaining the interests of Mr. Globaloney first rather than their own countries, or in this case, their own churches. And if one thinks that connection to be spurious, consider only that the Rockefaliures were big backers not just of globalism, but backers of the ecumenical movement as well. In this respect, Francis is like the Lutheran pastor who seems more Episcopalian than interested in maintaining the Lutheran confession as set out in the Book of Concord (if, indeed, he even knows about it or has read it), or the Presbyterian pastor who likes to dress up as a Cardinal to "celebrate a mass" for "Ecumenism Togerthness Sunday", and so on.

The effect of all this has been to drive people away; many just stay at home and do the best they can do; others seek out traditional churches of whatever confession they adhere to; others still, simply withhold their money when the collection plate comes around. In any of these cases, the net effect is the same: falling collections on Sundays, and falling attendance. Many - particularly traditional Roman Catholics - have reached the conclusion that in order to keep their baptismal vows, they must withhold their support. Others were appalled at the church's lackluster response to the covid lockdowns.

Or to put all this country simple, the perception exists that the ecclesiastical institution itself is corrupted, and no longer interested in maintaining its confessional position or traditions. And to blame it all on covid, or Francis, is missing the point...

... entirely.

The end result of all of this is that the Vatican's problem is not financial; to employ that overworked and ill-defined word, it is spiritual and thus cultural. There was a time, not too long ago, when one knew exactly where the Roman Church and for that matter many other churches stood. One may not have agreed with any of them, but one at least knew where they stood. It is difficult, nay even impossible, to imagine a Pope Innocent III or a Pope Boniface VIII or even a Pius XII trotting off to Iraq for an ecumenical photo-op at a ziggurat. For that matter, it's equally impossible to imagine a Martin Luther or a Philip Melanchthon or an Archbishop Laud or Bishop Andrewes or Bishop Grafton doing so either. In trying to be shepherds to all flocks except their own, they end up both losing the support of those they claim to shepherd, and merely looking silly to all the others. One cannot, as C.S. Lewis argued, go on seeing through everything, because that simply means one sees nothing at all.

The people see that, and are acting accordingly.

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. Kaibosch on March 28, 2021 at 3:07 pm

    In the US, churches have been bunged big sums to stay shut and schtum under the laughably named “CARES” Act. 2 trillion has been dished out.

  2. Barbara on March 18, 2021 at 10:27 pm

    Me thinks, Vatican is being blackmailed, and saying
    our pocket are empty don’t even try.

  3. marcos toledo on March 18, 2021 at 8:21 pm

    The real problem is the papacy legitimate going through YouTube videos on history as far back as the middle ages the Holy Roman Emperors knew the Donation of Constantine was dodgy. The author of The History Of Renesasnace Italy proved it was a forgery in the nineteenth-century cooked up in the Papal Chancery in the ninth century.

  4. HD on March 18, 2021 at 7:59 pm

    Anybody familiar with Bierce Ambrose’s “The Devil’s Dictionary”(1st Ed.1911)? It defines solicitors/ lawyers as ” Persons who obtain monies owed to you by other people to then keep it for themselves”.

    “CHRISTIAN, n. One who believes that the New Testament is a divinely inspired book admirably suited to the spiritual needs of his neighbor. One who follows the teachings of Christ in so far as they are not
    inconsistent with a life of sin.”

    The 2021 revised edition with thesaurus is likely overdue with “correctional centre” indicated as a metaphorical and/or metonymous synonym for Vatican. Both places house a population of convicted and accused criminals.

    The manner in which this organisation operates business entity is a true an obscenity to the rule of law in any country its’ operations are examined. They tend to have had local laws dating back around a century in place in every country they can be found which prevent recognition of local divisions/ diocese/ trusts…the like… as legally connected to the Vatican as an incorporated organisation. The pattern of then shifting money into financial, insurance, investment and property holding companies/trusts and then claiming no connectivity is repeated across all global jurisdictions, nations and states therein.

    This “business” model and structure has been and continues to be taken advantage of to impede and interfere with both criminal indictment/prosecutions and civil claims. With particular reference to the apparent hobby common to a significant proportion of past and present Vatican employees of pederasty and paedophilia.

    In the course of the latter it is a repeated thematic where the Church uses its’ financial arms to fund legal defence exploits, claiming costs from insurance arms who then withdraw operating costs and litigatory expenses from the banking and trust arms. Then publicly putting on a show pretending their organisation is collapsing by forcing local diocese/sub-divisions/”shop-fronts” to sell churches and properties to pay damages ordered by courts. Miraculously further funding materialises through yet other Church tentacles to prop up the declared “insolvent” and “bankrupt” organisational components.
    Albeit re-listed with different trading names. Often in the form of “private” donations.

    The declared fifty million Euro deficit would not amount to their recurring/ renewing annual costs for legal representation/ court costs in each individual Australian state excepting the Northern and Antarctic Territories. Never mind whatever the additional cost of payouts is.

    Why would any reasonable person of sound mind donate money to an organisational example of munchausen’s by proxy/ factitious disorder imposed on another. The other being the global population.

    Donating money to keep sex offenders out of gaol and to pay for the damage/ destruction caused to individuals, families, communities and societies at large(?) To maintain the structures that attract, foster and provide the overheads to maintain the activity and function of institutional child abusers- yeah right.

  5. Richard on March 18, 2021 at 5:30 pm

    Depleted financial reserves? . . . None of it made its way this side of the monitor.

    One has seen the Vatican’s and subsequent denominations [parking-lot-estates] dwindle in use over the past couple decades in several locations. Whether a trend or not the data is not forthcoming on this side of the monitor. One is not privy to online liturgy attendance but if the nearly empty parking lots are any reflection of “flock” numbers it doesn’t bode well overall.

    Last one knew, real-estate pricing and developer pricing seem a way to recoup a cash flow that could be tax free. Then there are the practical costs and expenses for spreading words of the Gospels as well as defending them from the criminally bent and then some. Going with the flow does not seem what it was cracked up to be unless recycling, reclamation, and damage control are the end goals. There’s a great deal of work with just those three.

    There are matters the mundane do not account for but are often met with [who’s the authority around (anywhere _____) anyway] to say otherwise with imprecise language(s). As if there must be.

    Scriptures do say something of the Others in several forms. It seems that edited historical records only have a few millennia of bragging rights. Planet, stone, and planets suggest a much deeper past not to be dismissed.

  6. Joseph Aiello on March 18, 2021 at 5:02 pm

    What could a bunch of socialists expect.

  7. KSW on March 18, 2021 at 3:50 pm

    This is all anyone ever needs …
    Hauser performing Ave Maria by Franz Schubert with Choir Zvjezdice at his classical solo concert at the Lisinski Concert Hall in Zagreb, October 2017.

  8. RRoss on March 18, 2021 at 3:29 pm

    Maybe the flock are not that into Saturn…just sayin’

    “With the deplorable hoi polloi safely marginalized and discredited, the Great Restoration can proceed unhindered, right in the bosom of the Vatican (literally, “Divining Serpent”- look it up). And if you understand the language being spoken, the message is crystal clear.
    So we had this Neo-Nativity installed on the Mound of the Divining Serpent, celebrating the Saturnalia and paying very explicit homage to Saturn. If you understand the symbols, that is.”

  9. John Cawley on March 18, 2021 at 2:01 pm

    Seems that spiritual and cultural problems in large institutions are epidemic, if not pandemic. This can be viewed in systems thinking where the orgs are just to big and complex to be able to respond. It can also be viewed via timing — as we are in a giant, vast ending of several overlapping cycles and experiencing birth pains as we enter new territory.

    Meanwhile, I have trouble believing that even several years of deficit have truly dented the Vatican’s reputed reserves. But then, what if the pink slip (American for “title”) for those reserves was signed over to somebody else awhile back? Ooops! Then, the call for ending deficits might be originating from outside the Vatican. The usual suspects?

  10. pete clark on March 18, 2021 at 12:57 pm

    To borrow the late Roger Scruton’s perfect phrase: the Vatican, like the entirety of the Western ‘elite’, is happy, indeed puppyishly delighted, to support ‘anybody but us’.

  11. Robert Barricklow on March 18, 2021 at 12:16 pm

    The Vatican is low on morality; but, there are still some in that business[yes, it is a business] who, at least, attempt to practice what they preach, and even some who lead by example; even if they must tango w/the devil himself, and look death in the eye. Ironically, that is as likely to occur w/in the Vatican itself, as elsewhere.
    To the post…

    Looks to be an expensive tithe that these Nation States, Substantial inst1tutions, and other ent1ties are having to “invest” in; in order to do whatever it is, they have to do.
    One, the money is going into a hidden system of finance.
    Two, the money that is supposedly accountable; isn’t to those in charge.
    Sort of like Trump’s votes: it isn’t how many votes[liquidity] you got, it’s who counts the votes[has the liquidity/even if its spent money].
    A kind of Communist Red herring sign: you’ll own nothing and be happy about it.
    Like the Public Broadcasting System of highly sophisticated propaganda; that make pitches to those they’re quietly brainwashing.
    The Vatican is damning the souls to hell; while begging for funds to do it.
    [getting the hang of this Chinese keyboard and AI tie-in]
    Love reading the official press. It’s like reading the latest brothel report; they so prost1tute their writing/its latest effort of greater transparency; their money is being well spent; an in-house investigation, that is sure to cleanse out the corruption. And of course; save the best for last, blame it on the covid1984 op – blaming it on the computer; is so yesterday’s “normal” excuse.
    Like their true Brethren in the Deep State Breakaway divisions; they’re privatizing the Vatican’s assets, into their “own” assets. Like the USSA, and many other inst1tutions; they’re making fortunes the old fashion way: they’re stealing it.
    But to to this theft; they first had to clean house of eyes and ears; then set-up the right people in the right chairs; to effect the sinking of the Ship of State. Er., Religion?
    After all; if anybody is in that Deep State apparatus, it is the Vatican.
    They were the deep State of their times.
    And sadly; times have not changed.
    They’ve only become more deadly; as the technological tools have been designed to do exactly what they’re doing; mass producing slave bracelets, called freedom Bracelets.

  12. anakephalaiosis on March 18, 2021 at 11:58 am

    • PiPoe on March 18, 2021 at 2:16 pm

      The ‘new’ religion of darkness, deception, and disease drove out the old order of harmony and peace.
      From the snowflake flow the secrets of life; its form and language.
      The torus field that surrounds the heart takes the breath from the mind and exhales in spiral creation.
      Awakening the five senses with the aroma of sage, the sweetness of honey, the color from crystals, the resonance of music, and the caress of energy amplifies the connectedness.
      A clear complex thought ordered in quiet golden cadence more naturally manifests itself.
      We are the lotus growing from the murky waters arising clean and beautiful in the light.
      Awen – The MInd Orchestra

      • anakephalaiosis on March 18, 2021 at 5:53 pm

        • PiPoe on March 19, 2021 at 4:08 am

          “Seek first to understand, then be understood” – Stephen Covey
          “I am captured by Truth.” – Gene Scott; something to embrace wholeheartedly.

          I chose to listen only for a short time as I found the dialogue unpleasant and while the information I heard may be of use to some, I did not find it so for myself.
          My understanding of what has taken place in the distant past and perpetuates at present has gained depth and continues to evolve. The counter to the dark, cold, and lifeless realm oozing out of decaying pores is, in my view, the creation of a harmonious and beautiful realm of bounteous love woven through all life.
          The edges around the way forward are losing their fuzziness and becoming more defined in their clarity.
          This path forward is the one I choose. The dimensions ‘hidden’ within the forests have been diminished; the sands of time whisper warning.

  13. KSW on March 18, 2021 at 10:28 am

    I’d rather dance skyclad under the full moon every month than them money.

  14. FiatLux on March 18, 2021 at 10:11 am

    I can believe that Catholics are appalled by the current pope and that revenues are down. At the same time, this announcement comes after the pope very publicly making nice with a Rottenchild. I can’t help speculating that this story could be part of some kind of financial chicanery: Where did those millions go? Oh, revenues are down this year… Or maybe the church really is having cash flow problems, and the Rottenchildren and WEF kindly offered financial aid — with a few globalist strings attached.

  15. OrigensChild on March 18, 2021 at 9:38 am

    The distant sound you hear coming from the horizon are from the standing ovation many of my friends and family are giving you for this one, Dr. Farrell. This one is linked to the spiritual consequences of post-modern scholastic methods and ideologies that have infiltrated the pulpit and magisterium through the education systems that support them. Even the most conservative denominations are no longer immune–as this past election has demonstrated. Looking at this optimistically, now we know! What remains is, what will the faithful do now?

  16. Billy Bob on March 18, 2021 at 8:14 am

    A garage sale may be imminent, there’s certainly enough stuff “downstairs” and in the numerous attics around the world to raise a few bucks.

    • Robert Barricklow on March 18, 2021 at 12:22 pm

      Might end-up in some off world location[s].
      Or, squirreled away on some undisclosed location[s].
      But rest assured; the forgeries are quite well done, even at fire-sale prices.

    • R. L. S. on March 18, 2021 at 12:57 pm

      Right ! if the Vatican needs more money ,,well, like we say to crappy musicians and other “artists” ” if you cant make it, go get a real job”. Quit trying to scam every one else . Sell some gold door knobs for God sake.

  17. DanaThomas on March 18, 2021 at 8:12 am

    On the one hand, 50 million is chickenfeed for such an organisation, a small fraction of the value of their huge real estate holdings (and gold reserves?). But I think you’re right about a collapse in donations. This could impact in the conventional cashflow sense, but also in the hyperspace aspect due to the change in intentionality of donors. Anyway, given their allegiance to the central bankstering system, the increasing incoherence in the latter’s information field is now impossible to avoid.

    • Richard on March 18, 2021 at 5:40 pm

      Real-estate is whopper in hectares. Much of them empty parking lots.

  18. Ina on March 18, 2021 at 7:57 am

    Maybe, just maybe, they are being squeezed out of existence by the Almighty God who they have so poorly represented over the millenniums. Do I have to list their published perverted sex crimes?

    • Peter on March 18, 2021 at 9:13 am

      I recall a verse in a book. The Abominable Church and The Whore of Babylon in freefall collapse cannot be a coincidence. I believe it’s called The Second Stick of Joseph. Keep The Faith… and also the Laws…

    • Robert Barricklow on March 18, 2021 at 12:27 pm

      Like Paul Harvey’s Page Two and/or Rest of the Story.
      Waiting for the “rest of the story”.
      Perhaps an unseen hand, will be making a presence known?

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