[Steve]

BREAKING: Pope Francis has ordered all affiliated financial and liquid assets to be transferred to the Vatican Bank by October 1, 2022?


Why has Pope Francis ordered all Vatican affiliated entities to transfer ALL FUNDS and assets to the Vatican Bank?

Francis’ rescript specifies that all financial and liquid assets held in banks other than the IOR must be moved to the Vatican bank within 30 days of Sept. 1, 2022.

The IOR stands for, Institute for Works of Religion. According to the National Catholic Register the IOR is not a bank, but rather a financial institution:

Though commonly called a “bank,” the IOR is technically a financial institute, with no branches, working within Vatican City State to provide services to clients, which include the Holy See and connected entities, religious orders, clergy, Catholic institutions, and Holy See employees. 

The IOR saw its number of clients decline by 472, from 14,991 clients at the end of 2020 to 14,519 in 2021. Nearly half of its clients in 2019 were religious orders.

According to its annual report, the financial institution’s $19 million net profit in 2021 was also down from $44 million in 2020 and $46 million in 2019.

There are multiple reasons the Vatican could be ordering all funds to be transferred to the IOR. One reason could be the imminent collapse of the international monetary system that has been predicted by economists for many years now.  Jim Rickards, one of the most respected economists in the world, had this to say recently: ……


https://sarahwestall.com/breaking-pope-f...er-1-2022/