Vatican multi million dollars industry loose steam

The donations were down 18 per cent in 2010.  Still the Vatican collected 341 million USD, and made a profit. 

Less money was collected for the Papacy in 2010. Still the Pope and his staff made a handsome profit.

The Vatican has returned to profit after three years in the red.

But the donations from the faithful fell nearly euro15 million (USD 22 million), or 18 percent. The reason is tough economic times and a year in which the priest sex abuse scandal exploded.

The Vatican issued its annual financial report Saturday, saying it made a profit of euro 9.85 million (USD 14.3 million).

In 2010 following a loss of euro 4.01 million (USD 5.8 million) a year earlier and losses in 2007 and 2008.

Revenues were euro 245.2 million (USD 356.1 million) against expenses of euro 235.35 million (USD 341.8 million).

In a statement, the Vatican said the results showed a continuing positive trend that began in 2009 but was hampered then by the effects of the global financial downturn.

The separately administered Vatican city state also turned a euro 21.04 million (USD 30.6 million) profit, thanks primarily to booming ticket sales at the Vatican Museums.

But donations from individuals worldwide, the so-called Peter’s Pence, were down US USD14.8 million at US USD 67.70 million in 2010, an 18 percent drop from the year before. No explanation was given in the statement.

The abuse scandal also erupted in 2010 in Europe, traditionally a top source of donations after the U.S. Tens of thousands of people have either formally or informally left the Catholic Church in the wake of reports that priests sexually abused thousands of young people and bishops covered up the crimes.

Source: Huffington Post

My comment:

Jesus was not to happy with people who turned the Temple in Jerusalem into a market place. He tilted their tables, and drove them out.

To run “a Church” as a business unit, is another example of the wickedness of men.

That the Vatican has “returned to profit” is a message that confirm that the papists are a group of people who have made a religion to make profit.

2 Corinthians 2:17
Unlike so many, we do not peddle the word of God for profit. On the contrary, in Christ we speak before God with sincerity, as those sent from God.

Written by Ivar

2 thoughts on “Vatican multi million dollars industry loose steam

  1. ~~~To run “a Church” as a business unit, is another example of the wickedness of men.~~AMEN…!! ~ Many around the World run the Church’s as a Business for profit and call it Non-Profit–You’re their partner…you get your share in Heaven they get their share now (smile)..They teach don’t ‘sue or answer back etc…yet heaven help you if they feel you question them or they feel you have offended their right to anything….in fact America can teach many-a-Nation on how to fleece the Sheep! Even how to speak the Truth about a Sin and or The Word of God and someone call them on it- that they don’t like it and watch carefully ….you don’t even have to hold your breath….there will be “an apology and/or an explanation why they said it with the ‘deepest apology’…happens every time you’d think one has found a back-bone or integrity of heart! Sad but True in more cases than not! Sad so many have sold out…Yet there are still many of the Christian Leaders who will only say “Thus Saith The LORD” AND NEVER BACK DOWN OR BOW THE KNEE TO BAAL!

  2. Has The Rock been negligent, breached its duty of care or committed crimes against god? then tell us your truthful stories of abuse and neglect and your views.

    At C.1:Q.96, Nostradamus foretells of an iconoclastic prophet, using refined language to continually educate, who is raised in the Last Days.

    Logmion is here and says “Bring Back Petrus Romanus”

    Facebook Logmion Pilon

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