how powerful and Wealthy really is the Vatican if you look online some estimates will say just $1 billion which is a really laughable figure with it 2,000 years of Catholic history wealth knowledge Secrets assets and influence over the hearts and minds of over a billion people it's clear the vatican's wealth and power is enormous and yet at the same time nobody really knows anything about the Vatican its criminally convicted workers are exempt from any form of extradition its secret library of knowledge one of the biggest in the world is completely hidden away and all of this wealth and knowledge is concentrated in the hands of a few who just want to keep it this way so that nobody ever really knows what this tiny country is hiding or even asks any questions as to how powerful this country really is which is why in this video we're going to try and figure out just how powerful and Wealthy the Vatican really is now while the Vatican is one of the most powerful countries in the world Vatican City has one of the most controversial histories and it's made even worse because it's the focal point of one of the most popular religions in the world the Vatican began during the throws of the Renaissance when the Roman Catholic church and the faith had governed had become such an integral part of life that had grown a huge amount of political influence in Europe its religious power was extraordinary and as the church became more and more popular it needed a more stable source of income and throughout the Papal States the priests began to sell Trinkets and tickets known as indulgences which they claimed would excuse their congregation sins the worse your sin the more expensive the Indulgence all of this became normal after the Black Death when suddenly there was such a scarcity and Priests and money that they had to almost operate the Catholic Church like a business while it did prove to be a great source of income it would ultimately hurt the vatican's finances as it inspired Martin Luther's cry and subsequent movement for reformation things quickly went from bad to worse when French forces invaded Rome and almost brought the Roman Catholic Church to an end while they survived years of turmoil with the French when the church came out the other side it was desperate for funding and looked for it in a rather controversial place the Rothschilds a banking family often seen to control the world through money and playing governments against each other while traditionists rejected help from Christ killers the huge amounts of money the rth Lend the Vatican allowed them to start accumulating vast amounts of wealth by investing in real estate across Rome and other assets and soon the Papal States had become incredibly powerful the Vatican was stacked with Michelangelo's art Raphael's art the S Chapel was extraordinary and it was a sign of the true enormous wealth of the Vatican but nobody ever really knew the true extent of the vatican's wealth and on the surface it didn't seem like they were that rich at least some because during World War I no one could afford to make donations to the Vatican and what made made it even worse was that Italy itself was declaring war against Germany forcing the Vatican to take sides in a war and put their newly acquired Assets in danger this video is sponsored by kryptus kryptus is a multi-functional platform designed for both business and personal use in personal wallets you can store your cryptocurrency in one place keep it secure and enjoy fast transactions you can cancel the withdrawal within 2 minutes which is really great if you want to avoid any mistakes when transferring funds you can also receive . 1 to . 4% cash back for using the cryptus wallet when paying invoices and on top of this you can use crypto staking and cryptus wallet and on passive income where you can earn up to 20% APR on TRX staking you can also stake cryptocurrency like usdt ethereum BMB and daai and by using the convert feature they allow you to exchange one of your cryptocurrencies for another and there is no Commission charg on the convert function so you can convert the available crypto on the platform without any additional fees and with their P2P crypto cury exchange platform they allow you to trade cryptocurrencies directly with each other without the need for a third party intermediary on the P2P exchange you can buy or sell cryptocurrency for fat funds like dollars Euros Etc and the commission is only .
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Ping comment for this video desperate for funding the church decided to rent out property in Rome to an arms manufacturer who just so happened to be selling weapons to Germany meaning the Vatican was indirectly aiding the other side information many Catholics weren't too pleased to hear the Vatican tried to deny knowledge of the situation but the damage was already done in its reputation and this was one of the first major blows in recent history towards the Vatican and The Wider Catholic church and then by 1933 4 years after mellini had declared Vatican City its own country instead of just the Papal States the church had shrank to enormous proportions having been one of the most powerful forces in Europe and the world it was now just a tiny little area within Rome with only the S Chapel in St Peter's Basilica being left at least that's what it seemed on the surface the Vatican was losing 100 million l a year but the Great Depression had caused this asset's value to depreciate by 30% although it was hard to ever work out the real assets of the Vatican but then Bernardino nagara a financial genius with no fear of risk taking would transform the Vatican and its power forever ever while the Vatican City had received a huge amount of money in the split from Italy it still ran the risk of going bankrupt as the only things it had was knowledge and religious power along with a bunch of assets that weren't making them enough money at least compared to their previous Glory so Bernandino encouraged the pope to declare 1933 a holy year as a way to boost donations and Grant him the funds he needed to keep the Char float and his efforts paid off and by 1936 the Vatican had avoided another Financial collapse while the Vatican was now stable it was quickly growing irritated with the lack of of Freedom it had having been papow states with a bunch of enormous influence and the pope being one of the most powerful men in Europe now the Vatican was just stuck to this little area with barely any Financial Freedom having to rely on a bunch of other foreign Banks so in 1942 Pope P iith established the Vatican bank which quickly became one of their most powerful assets and also the source of many of their Modern Problems you see as a church the Vatican had unprecedented Financial Freedom and as such didn't have to disclose much about the comings and goings of their finances after rule the Vatican state is completely immune to extradition whilst also being able to dictate their own laws that's why popes and Bishops who have committed heinous abuses across the world can feel safe within the Vatican where no other country can extradite them there's a bunch of people in there that people would like to try yeah they would like to pull them out of there and try them can't do it for crimes against humanity protected and because of this they're able to hide a lot of their crimes up and also their sources of income and one income Source they managed to hide for years was the money coming in from Hitler you see Hitler saw the the advantage of having the Vatican as a potential ally if he controlled the religious power of the world he could control the hearts and minds of populations so he would secretly donate funds to the church through Peter's Pence which were funds once sent to the Vatican by Anglo-Saxon Kings as a gesture of solidarity and support but as the Na's Empire began to fool they allegedly used the Vatican Bank to secretly transfer $598 Million worth of gold to South America and apparently the church even helped high-ranking Nazi officials Escape Justice using the vatican's own laws an extradition policies to facilitate this and after this they started realizing they could work around the world using governments and their religious power to create enormous sums of wealth or without any foreign country being able to do anything against it soon after World War II ended they realized there was huge value in investing in construction companies and profiting off the Reconstruction of Europe and in doing so those running the Vatican Bank decided to get mixed in with the mafia you see because of how the bank operated it didn't need to disclose its financial statements or activities to the public while this would be fine if only Ians of the Vatican City could open accounts many outside of the small country were also holding funds there which meant they also couldn't be taxed including government officials and of course the mob it's a great place to deposit dirty powerful money once bernardina stepped down he was then replaced by Cardinal Pool who hired Michelle syona best known for helping the wealthy evade taxes and also working with the crime Gambino family whilst also hiring Roberto Calvi who made fortunes through other people's creations and it's believed that these two men took advantage of the situation using the V to make them enormous amounts of money and while things worked well for a few years sandona soon made one too many risky moves after taking over the Franklin National Bank after a risky foreign trade exchange led to the bank losing Millions which happened after a series of grave missteps sandona was soon arrested calary then bought out his former partner's assets the syona wasn't going down without a fight and dragged Calvi down by exposing his fraudulent schemes forcing the latter to flee to London where he was later killed his body was then hung from a bridge and what could only be seen as a warning from the mafia sindona then died of Sinai poisoning 3 years later and while the Vatican denied having a hand in either man's death and agreed to pay $244 million an illegal settlement the damage was already done to their reputation and this is when people started realizing that the vasum wasn't just about religion there was far more going on and far more shady power behind the surface congregations no longer even trusted how the Vatican was handling their money and as a result Catholics everywhere stopped contributing to the Vatican leading to the church suffering a massive budget deficit between 1985 4 in 1985 after that a new Scandal involving the Vatican seemed to circulate the news every other year if they weren't preventing the arrest of one of their archbishops and hopes that it would prevent further damage to their reputation they were also dealing with corruption allegations suffering from Financial mismanagement or poorly navigating a decades long Scandal involving their priests praying on the children they were supposed to be teaching it was clear that people's love for the Vatican was quickly deteriorating and as a result many were rejecting their Catholic faith however after years of scandals dodgy dealings and Secret operations they would make a decision that sparked hope for their future electing their new 266th pope by focusing on issues like poverty and the environment with the Pope also going out of his way to make the church more inclusive Pope Francis as he now goes by has been making some successful steps to restore people's faith in the Vatican Francis is changing the laws of the church now the changes give women more roles at Mass but the Vatican is still reserving priesthood only for men the rule changes allow women to be lectors read the gospel and serve serve on the altar as Eucharistic ministers whilst the Vatican is first and foremost the head of Catholicism it operates as more than just a spiritual power despite all the controversy it has more influence and power over the world than many people would ever expect while the church's history with money is treacherous to say the least is still gave them a massive advantage through Capital which they could then use to run their practices and teachings however they wished as of 2023 it's reported the Vatican bank has assets amounting to 5.
38 billion and these funds have enabled them to do some incredible things one of the church's primary missions is providing Aid to and looking after the poor and impoverished over the years they've made appoints for caring for the poor not just in Italy but around the world today they've established over 139,000 schools 5,500 hospitals 10,000 orphanages 18,000 clinics and 16,000 homes for the elderly and those with special needs and about 65% of these are located in developing countries but even when the Vatican isn't personally assisting the poor it is encouraging others to do so Pope France has always urged the Catholic church and world leaders to try to bring peace in these areas especially emphasizing in West Africa but how do they have the power to do all of this where is the real money coming from first of all it all started with massive donations and land grants after all the Catholic church has been around almost 2,000 years and the Vatican specifically started in 1929 as we mentioned before going back centuries wealthy rulers families and devout followers donated land gold and treasures to the church whether this be to secure place in heaven or for powerful interest groups to align themselves with the church's influence but over time these donations turn the Vatican into a significant player not just in religion but in politics and society and today we can see some of the vatican's wealth still in full display like its giant real estate Empire the Vatican doesn't just have real estate in the Vatican City the Vatican owns properties and Prime locations worldwide including major cities like London Paris and New York as almost all of their wealth is in assets these Holdings range from high-end residential buildings to commercial spaces that generate millions in rent each year owning such real estate allows the Vatican to secure income from some of the most valuable land on the planet and many of these properties have only increased in value over time then there's the vatican's art collection the church holds some of the most precious artworks in history from Michelangelo s Chapel fres go to masterpieces by Raphael all of these assets are obviously Priceless there's almost no chance that it will be sold and each year that passes their collection is worth more and more billions and because of these assets every year millions of tourists pay to see these Treasures making the vatican's art and culture assets not only a source of price but also a giant Revenue stream that's in the fact that they have tons of wealth tons of assets hidden away from the public and even one of the biggest libraries in the world that almost nobody can access makes you realize the vatican's wealth is far more obscure than most people realize now the church will claim that this enormous amount of wealth is just to support its Mission work but the vatican's secret operations make it difficult to verify where all of this money really goes and because the Vatican isn't obliged to disclose the full scope of its wealth to anyone it makes it very difficult to ever pinpoint how much power it really has unlike companies or even governments it doesn't have to show anyone anything it's its own Sovereign Nation and this lack of transparency has fued plenty of speculation and conspiracy theories about its true wealth and it also creates a lot of tension because while the church preaches humility and charity its vast undisclosed wealth can seem an odds with those values especially with the Pope saying that you shouldn't buy a nice car and then instead you should think about feeding the poor but then why does the church promote such a humble life and caring for the poor while sitting on billions in wealth couldn't some of these resources be used for Broad social good well this is exactly why the Vatican does everything in its power to play down its true wealth and power well aets keep the Vatican running it's their effect on the people where it true power reveals itself today there are between 1. 28 and 1.
