The Vatican is making a plea to over a billion practicing Catholics around the globe as they have nearly depleted their financial reserves. This comes following a 2020 in which many of the standard revenue sources, including donations, dried up for them and most other religious groups due to Covid-19 lockdowns.
But are they really as broke as they claim? The key to understanding this is the fact that they’re focused on financial reserves. To the laymen, this may seem to equate to their savings account, but that’s not actually the case. The Vatican still holds billions—and some claim it’s likely into the trillions—of dollars worth of property, shell companies, and other assets that help them hide a vast amount of accumulated wealth over the centuries.
They classify their financial reserves as based on revenue generated within a given year. This is the pot from which they pay most of their operating expenses. Some of the surplus from their reserves is carried over into the new fiscal year, but much of it goes into their less transparent coffers. Maintaining a balanced but modest financial reserve allows them to continue to ask for money from their followers while still showing a need for it.
The reality is this: They could operate for decades without a single additional bit of revenue coming in from donations or known ventures. But that would require opening up areas of wealth that they simply do not want known to the public. It sounds nefarious but it is a common practice by many charitable and religious organizations that fly under the radar since the ones who would normally investigate such things, namely the various tax institutions around the world like the IRS, aren’t concerned with tracking down money that will not get taxed anyway.
It isn’t illegal. In most circumstances, it isn’t even really immoral. But we’re not in normal circumstances, so now would be the time to break open some of their piggy banks and help people rather than asking us to send what little we have. This is not a criticism of Catholics in general or even the greater church body. It’s a criticism of Vatican leadership that is working in its own self interests at a time when it needs to be more helpful for those in need.
According to Disclose.tv:
The Vatican admits it has nearly depleted its financial reserves and pleads for more donations from the faithful.
The Vatican published its 2021 budget in its latest effort at greater transparency. It seeks to reassure donors that money is being well spent after mismanagement.
However, the Vatican warned it has nearly depleted its reserves from donations. It is now urging the faithful to continue giving to cover its budget deficit.
Francis’ economy minister, Reverend Juan Antonio Guerrero Alves, said the pandemic reduced donations as well as revenue from shuttered museums. He said this would contribute to a projected 30 percent reduction in revenue.
The reduction will be 213 million euros in 2021, from 307 million euros in 2019.
One does not have to dive into the many Vatican conspiracy theories to realize the notion that they’re “broke” is disingenuous. Instead of asking for support from the destitute, perhaps they should do more to help.
‘The Purge’ by Big Tech targets conservatives, including us
Just when we thought the Covid-19 lockdowns were ending and our ability to stay afloat was improving, censorship reared its ugly head.
For the last few months, NOQ Report has appealed to our readers for assistance in staying afloat through Covid-19 lockdowns. The downturn in the economy has limited our ability to generate proper ad revenue just as our traffic was skyrocketing. We had our first sustained stretch of three months with over a million visitors in November, December, and January, but February saw a dip.
It wasn’t just the shortened month. We expected that. We also expected the continuation of dropping traffic from “woke” Big Tech companies like Google, Facebook, and Twitter, but it has actually been much worse than anticipated. Our Twitter account was banned. One of our YouTube accounts was banned and another has been suspended. Facebook “fact-checks” everything we post. Spotify canceled us. Why? Because we believe in the truth prevailing, and that means we will continue to discuss “taboo” topics.
The 2020 presidential election was stolen. You can’t say that on Big Tech platforms without risking cancelation, but we’d rather get cancelled for telling the truth rather than staying around to repeat mainstream media’s lies. They have been covering it up since before the election and they’ve convinced the vast majority of conservative news outlets that they will be harmed if they continue to discuss voter fraud. We refuse to back down. The truth is the truth.
The lies associated with Covid-19 are only slightly more prevalent than the suppression of valid scientific information that runs counter to the prescribed narrative. We should be allowed to ask questions about the vaccines, for example, as there is ample evidence for concern. One does not have to be an “anti-vaxxer” in order to want answers about vaccines that are still considered experimental and that have a track record in a short period of time of having side-effects. These questions are not allowed on Big Tech which is just another reason we are getting cancelled.
There are more topics that they refuse to allow. In turn, we refuse to stop discussing them. This is why we desperately need your help. The best way NOQ Report readers can help is to donate. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well. We are on track to be short by about $5300 per month in order to maintain operations.
The second way to help is to become a partner. We’ve strongly considered seeking angel investors in the past but because we were paying the bills, it didn’t seem necessary. Now, we’re struggling to pay the bills. We had 5,657,724 sessions on our website from November, 2020, through February, 2021. Our intention is to elevate that to higher levels this year by focusing on a strategy that relies on free speech rather than being beholden to progressive Big Tech companies.
During that four-month stretch, Twitter and Facebook accounted for about 20% of our traffic. We are actively working on operating as if that traffic is zero, replacing it with platforms that operate more freely such as Gab, Parler, and others. While we were never as dependent on Big Tech as most conservative sites, we’d like to be completely free from them. That doesn’t mean we will block them, but we refuse to be beholden to companies that absolutely despise us simply because of our political ideology.
We’re heading in the right direction and we believe we’re ready talk to patriotic investors who want to not only “get in on the action” but more importantly who want to help America hear the truth. Interested investors should contact me directly with the contact button above.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report going.