Vatican's Pension Fund In Serious Trouble - Francis Called for "Sacrifices"
Francis has appointed Cardinal Kevin Farrell as sole administrator of the Vatican's embattled pension fund.
Francis said Thursday in a letter to the College of Cardinals that the Vatican's pension fund faces a "serious imbalance," but did not quantify the extent of the problem.
Francis wrote to the cardinals that "urgent structural measures" are needed to deal with the fund's significant deficit. He announced "difficult decisions" and called for "sacrifice on the part of everyone."
"This means that the current system will not be able to guarantee the fulfillment of pension obligations to future generations in the medium term."
The Irish-American Cardinal Farrell is best known for having lived for four years next door to the homosexual Cardinal Theodore McCarrick, to whom he owes his career.
Despite all of the hype, Francis does not have a track record of fiscal responsibility neither in Argentina nor the Vatican. He cannot stick to a budget, and seems to have access to slush funds for whatever he decides on. In the dicasteries, staff are scrounging for photocopier paper and office supplies. Francis drives around in a little Fiat 500 and hands out gifts of chocolate and flowers to his abortionist friend. His fake poverty spiel does not fool anyone. He takes billions from China and the global elitists as long as he spouts their drivel. He says out of one side of his mouth (quote) “I want a Church that is of, and for, the poor.” Out of the other side of his mouth, and in his actions which speak louder than words, Francis invites the global elite to the Vatican to visit with him, and not the poor: Pro-LGBT, pro-abortion Amazon founder Jeff Bezos receives Vatican-backed award for 'philanthropy' Pope Francis receives Bill Clinton and George Soros’ son in private Vatican visit Pope Francis appears in 'climate change' movie featuring Obama, Clinton, Leonardo DiCaprio Top Vatican cardinal to join elite globalists in secretive 'Bilderberg' meeting Vatican's news outlet highlights Pope's longstanding relationship with Klaus Schwab Vatican academy promotes UN's pro-abortion 'sustainable development' agenda in Amazon Bill Gates’ pro-LGBT Four Seasons to manage historic hotel near Vatican Francis, like a dictator, spends enormous amounts of money impulsively and irresponsibly without any accountability. He says on the one hand that he wants to stamp out corruption in the Vatican and hires people to do it including Pell. Then he stamps out the people including Pell that he hired to root out corruption in the first place when he realized that they would reveal financial corruption that would reflect badly on his little inner circle of friends and on himself. Oops! Francis loves to spend lots of money on stupid things and then blame everyone but himself when he has no money. He then claws back money from the cardinals, and Vatican titular bishops, and clergy by charging them market rate rents, taking away all their perks, even the Vatican supermarket, reducing their salaries a little more each time, and their pensions now a question mark. It's ridiculous...Francis says that he 'cleaned house' but there is no evidence of that as he 'canned the cleaners' who 'were cleaning only too well.' He never did' crush corruption around him. It flourishes among his 'friends' like Cardinal Francesco Coccopalmiero, Delegate to the Freemasons, and 'Orgy Master'...Francis just swept financial corruption under the carpet and said it was resolved. It was not resolved in any way, shape or form. It's worse.... Examples are: on Rupnik art, on the climate change agenda, and on various globalist elite agendas including one world government, and on a global digital financial system, on mandatory Vatican COVID vaccination shots, on the 'never ending synod to nowhere', monthly lunches with his 'special street walker friends', and on expensive salaries for newly created lay positions in St. Peter's Basilica, and in the various dicasteries where effectively lay persons with jurisdiction now give orders to titular archbishops. Church taxation support and Peter's Pence donations from formerly rich Catholic countries like Germany and the USA are quickly drying up as Catholics either leave the Church, or their eyes opened as to Francis' progressive WEF agenda have stopped giving alms to the Vatican, along with their tax dues after leaving the Church officially. You never hear Francis speak of any plans to re-evangelize Germany, or Switzerland or Brazil to win back those who have left the Church, and have gone over to the Evangelical Protestants, like during the Counter Reformation. As things go from financially bad to worse to bankruptcy, Francis realizes that he has no money, beats his breast, and panics. He takes the budget deficit out of the flesh of people like Cardinal Burke who dedicate their lives to God and to the pope in the Holy See and nuncios around the world. The goal of the Freemasons, by stealing the Papal States from the Pope's temporal rule, was to eventually...in one hundred, or two years, bankrupt the Church. The Papal States gave the Pope independent revenue to administrate the Vatican, and also discretional funds that the pope used for his special works of evangelization globally, for example, the redemption of Christian slave captives under Muslim tyranny on the Barbary Coast of North Africa. Yes, the popes, up to and including Pope Pius IX, in great part, paid for their redemption from the revenues of the Papal States, up to the end of the Papal States in 1870, when successive popes could no longer do so. The Freemasons have instigated intentional financial scandal after financial scandal in order to destroy whatever financial independence the popes have left. The Freemasons have almost succeeded in bankrupting the Vatican.
Like everything else socialists touch, pension funds are a Ponzi scheme benefiting current beneficiaries, and this one is nearing the day when it won’t even be able to do that.