The Pope's Battle

Steven LeBlanc

03 01 2014

Sexual decadence and financial corruption is overwhelming the Catholic Church.

Sexual Abuse
The greatest battle the Pope has to fight is the mounting rage concerning sexual abuse by clergy spreading to more than 25 countries. In America this has inflicted enormous financial damage. Various sexual-abuse cases have cost the American church over $3 billion so far. Thousands of claims for damages following sexual-abuse cases, have led to a liquidity crisis— the church pays over $1m per victim, according to legal resources.

Financial Corruption
In a stunning move to clean up corruption within the Roman Curia (the administrative machine of the Roman Church) Pope Francis announced the creation of a single authority to handle all business, administrative and personnel management at the ‘Holy See’. Financial scandals, including financial impropriety at the Vatican Bank have stained the Roman Catholic Church’s reputation among believers and non-Catholics over the past twenty years.

The new Secretariat for the Economy will oversee the Vatican’s annual budget, seek counsel from financial professionals for advice, and launch surprise internal audits. Heading the secretariat is Australian Cardinal George Pell, the archbishop of Sydney. Pell is a member of a group of eight handpicked cardinals whom Francis is using to reform the Vatican leadership structure.

The Catholic Church is very wealthy, but much of its wealth is tied up in property, art and precious objects. There is a real problem concerning cash flow.

From the Economist Magazine [Aug 18th 2012]:

The Economist estimates that annual spending by the church and entities owned by the church was around $170 billion in 2010 (the church does not release such figures). We think 57% of this goes on health-care networks, followed by 28% on colleges, with parish and diocesan day-to-day operations accounting for just 6% and national charitable activities just 2.7% (see chart). In total, Catholic institutions employ over 1m people, reckons Fred Gluck, a former McKinsey managing partner and co-founder of the National Leadership Roundtable on Church Management, a lay organisation seeking to improve the way the church is run. For purposes of secular comparison, in 2010 General Electric’s revenue was $150 billion and Walmart employed roughly 2m people.

Prophecy tells us the great false church is branded in Revelation as a faithless harlot (prostitute). “And on her forehead a name was written: MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH” (Revelation:17:5). Her secular relationships reach into the highest political and social circles in national governments and the business world: “The kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury” (Revelation:18:3). God remembers her foul activities, knowing that “her sins have reached to heaven, and God has remembered her iniquities” (verse 5).

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