Pius XII founded Vatican Bank accused of hiding Nazi-money

The Institute for Works of Religion was founded by Pope Pius XII in 1942. The institution is run like an Investment Bank for the Pope, and is commonly known as the Vatican Bank.

The Vatican bank was formed in 1942, when the Facsist needed to whitewash money and gold stolen from the Jews. .
The Vatican bank was formed in 1942, when the Facsists needed to whitewash money and gold stolen from the Jews. .

The Pontiff lost the Papal states in Italy in 1870. To be able to raise funds to the exiled Roman Catholic Church, the Pope in 1887 formed an Catholic institution named «Administration of the Works of Religion».

The first major contributor to the Papal fund was the Italian Fascist dictator Benito Mussolini. Funds were pumped into the the Popes accounts as a part of the Lateran Pacts of 1929.

Facsist dictaror Benito Mussolini punped funds into the Papal accounts in 1929.
Benito Mussolini pumped fresh funds into the Papal accounts in 1929.

This Catholic institution was not organized as a bank before 1942. Pope Pius XII was already in 1946 accused by the American Intelligence for laundering money and gold for the defeated Nazis.

«The Bigelow Report» was declassified in 1997. It was a peace time Top Secret report from US Treasury Agent Emerson Bigelow. The agent accused the Vatican Bank for laundering money and gold coins for the Nazis who ruled Croatia.

Bigelow alerted his superior that Croatian officials had sent 350 million confiscated Swiss francs (CHF) to the Vatican Bank «for safekeeping».

On the way some CHF150 million were allegedly seized by British authorities at the border between Austria and Switzerland, which brought the secret transfer into the open.

Pope Pius XII formed the Vatican Bank in 1942

The US never investigated the transactions towards a final conclusion. The matter was kept a secret up to 1997. Because the Vatican is a statehood, US courts have refused to entertain law suits against the Vatican Bank, whose leadership can hide behind diplomatic immunity.

«There is no basis in reality to the report», said Vatican spokesman Joaquin Navarro-Valls, as reported in Time magazine.

The Institute for Works of Religion is commonly known as Vatican Bank, and is located inside the Vatican City. It is run by a professional bank CEO who reports directly to a committee of cardinals, and ultimately to the Pope.

The Vatican Bank is said to be a successful and profitable bank. By the 1990s, the Bank had invested somewhere over USD 10 billion in foreign companies.

In 1968 Vatican authorities hired Michele Sindona as a financial advisor, despite Sindona’s questionable past. It was Sindona who was chiefly responsible for the massive influx of money when he began laundering the Gambino crime family’s heroin monies (taking a 50 per cent cut) through a shell corporation «Mabusi». This laundering was accomplished with the help of another banker, Roberto Calvi, who managed the Banco Ambrosiano. Both Calvi and Sindona were members of the P2 Lodge.

John Paul I ruled for 33 days. Later he was followed by John Paul II

When Pope John Paul I became Pope in 1978 he was informed about the allegations of wrongdoing at the Vatican Bank.

The pope instructed Jean-Marie Villot, Cardinal Secretary of State and head of the papal Curia, to investigate the matter thoroughly.

Pope John Paul I died after only 33 days in office, leading to claims that he had been murdered as a result of discovering a scandal.

Source: Wikipedia.com

Read more about Pius XII and the Fascist state of Croatia: Click here:

First published: 02.01.2010.

Written by Ivar

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15 thoughts on “Pius XII founded Vatican Bank accused of hiding Nazi-money

  1. I simply wanted to add a comment here to say thanks for you very nice ideas. Blogs are troublesome to run and time consuming therefore I appreciate when I see well written material. Your time isn’t going to waste with your posts. Thanks so much and carry on You’ll defintely reach your goals! have a great day!

  2. Ivar , Will u say smthing good about muslim and other religion aswell? U r christain and defending jews the pigs and alps,y?
    They must pay u alot to run this site. Wht ever u say u can never win. Tell me honestly if u love jesus. How many have u converted to christianity since u started this job?

    1. Dear Jami.

      Shalom.

      You wrote:

      U r christain and defending jews the pigs and alps,y?

      My comment:

      This kind of filthy languages is of Satan, used by those who have submitted to his language and his plans. Repent, or perish. This kind of language will not be permitted on this site. This is the same Jew-hate as the Nazis believed in, and lead to the Holocaust.

  3. Hitler could not have got into power without the Vatican,
    a fellow called Franz von Papen, was the one that essentially made sure that Hitler became reichsfuhrer of Germany.

    PiusXII was supporting Hitler, the Vatican also assisted a lot of Nazis escape prosecution, by helping them get to Argentina.

    I think the whole of the nazi regime was a roman catholic venture.

      1. I hope that you don’t mind ivarfjeld, but i copied your posting, and have inserted a link to your blog

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