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

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

Add yours

    1. Dear Gregory

      Shalom. Welcome to this site. Thanks for you comment. it will surely keep me publishing stories.

  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.


      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.

    2. Jami, you are full of hate and satanic thoughts.

      Come to Jesus, who is God, and who loves all Jewish people, and loves you too.

  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

  4. Thank you for writing this. I may link to it from my (online-only) webpage at NegativeChristian.Church if you don’t mind. I am trying to catalog the mistakes that Christian / Catholic churches have made in the past, which seems like an unending task; so I am trying to take the “1 mile view” of the matter so readers don’t lose perspective of my reason for pointing out these mistakes. Which is actually to suggest that the Christian faith as a whole is a noble yet error-prone culture. I suggest that the Abrahamic religions have contributed to more unfortunate circumstances (eg “done more evil things”) than the rest of the world’s religions combined, all in the name of the God of Abraham. Hoarding the riches born of the Holocaust while continuing the Nazi tradition of calling Jewish people greedy is a patently Catholic/Christian tradition, I’m afraid to say.

    There is a fairly concentrated effort to hide this sort of thing by those who practice modern monotheism. For instance, within the Muslim community there is a denial that bin Laden was at all religious- at least when making comments that non-Muslims might hear. The same phenomena happens within Christian communities when discussing Hitler or the Nazis. For example, take a look at the “Conservapedia” site’s article on Socialism; which claims that the Nazis were “atheistic” rather than mentioning the census data on the topic- which shows that they were 97.5% Christian, rather than 0.0%. Even wikipedia’s article on the religious views of Hitler makes use of an enormous amount of “private conversations” that notable Christians have made with Hitler about how much he hated the Christianity or was a “Pagan occultist”, rather than his publicly stated zealous support for Christianity in some of the world’s first globally televised speeches and similar support and zealotry in Mein Kampf.

    That socialism article is one of conservapedia’s most viewed articles, and my attempts to correct the mistake were less than fruitful. While not a fan of the trajectory that Marx envisioned for socialism to follow (eg violent revolution, then Communism), I am a fan of truth. Fiction is a good way to portray truth when it is too controversial to otherwise mention- but I would boldly suggest that intentional bald-faced lies are a recourse of unwise, unfaithful, or immature zealots, regardless of the position they are intending to promote. Often this backfires, but in my mind- not often enough. The conservapedia’s neglect to mention that Einstein and MLK Jr were proudly self-described socialists is also intentional, and their removal of commentary in the “talk” section means that the admin engage this willingly and cover their trail deceptively while doing so.

    None of this suggests that socialism is a good idea, only that those who run that site think that lies and deception are necessary to combat an economic system that they seem to believe is the root of all modern evil, including the holocaust. I make the claim that religious intolerance of early Christians gave rise to the prevalence of slavery in the Western world, and when slaves started converting to Christianity- the plantation/slave owners realized that another system of intolerance was needed to promote their interests / keep black men and women subordinate, as well as Jewish folks and even Catholics in the Bible Belt at the time. All three groups were lynched by the KKK, which was 6 million strong in the 1920s.

    With 2.2 billion Believers on the planet in 2021, it is unsurprising that the militant “Positive” Christian attempts to re-write history (while sowing the self-fulfilling prophecy of “Evil”) have been largely successful. Countering that and also the “eye for an eye” violent implications of said prophecy is why “Negative” Christianity is necessary.

    Every comment I make turns into an essay. … FML.

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