Why are they in debt in the first place? Be a church, not a corporation.
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I'm going to need a really, /really/ small violin.
Somebody should lunch an indulgence-based cryptocoin. Buy your way to paradise today!
They used to have a marketing jingle for their old indulgences... whenever a coin in the box rings, a soul in purgatory springs!
No fucking joke. This was actually one reason why protestantism rose.
Pope to Vatican: How does one "chain the blocks"?
Looks like indulgences are back on the menu, boys!
I guess those tithes just aren't paying.
Maybe Elon Musk will suddenly get religion and bail them out.
Best news I’ve heard in a while
Thoughts and prayers.
Don't just leave those laying around, something will fi-- aww damnit, too late...
Good for them, I guess?
"Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”
Perhaps they should sell off some of the tons and tons of gold stuff they have.
Paying out legal claims and bribes from all the sexual abuse scandals are not cheap.
Bullshit. They own more land than damn near any other entity on the planet. The whole celibacy thing was so the priest could not take the church owning and give them to non-church kids.
Hurting for money? Sell some land. Then pay for the abuse lawsuits some more.
Bankruptcy seems like a stretch, indeed. But those assets are largely not income generating, aside from donations and tourism. With those on the decline, their value situation is worsening.
Hopefully, they'll be forced to sell their "priceless" artifacts until there's nothing left.
Except they have billions in stolen art and could liquidate it at any point. If not trillions, actually.
Nobody knows exactly what Vatican has but Porphyry Basin in the Vatican Museum is estimated to be worth 2$ billion alone (it was commissioned by Emperor Nero).
Vatican could literally end the world hunger with their treasure hoard.
Their art collection is so massive, containing such crazy rare items, many cannot have a price tag as they are literally priceless. It's impossible to calculate its value due to the extreme rarity, or because anything like it to compare it's value to is also in the Vatican collection.
When they sell 1 priceless art item, they can sustain themselves for a year. They have hundreds of thousands of those items, if not millions.
Saying the Vatican goes bankrupt sounds like "Elon Musk struggles to pay for his groceries".
Sounds to me their massive stream of money is declining and they want to scare people into giving them more money.
Though if the idea that high value art is actually a money laundering/moving scheme is true, this might not be the case. The idea is that no one or few people actually want to spend millions on art but pretend they do as a front to spend millions on something else.
They could probably save some money by reducing the "cover up pedophile priests" item in their budget.
The collection of the Vatican doesn't consist of weird modern art paintings but of historical important pieces. Private art collections of Roman emperors, Michelangelo, Leonardo da Vinci, Rodin, etc. Not some fake money laundering value because some Chinese tech CEO spent way too much money on it but true historic value backed by scientific research and historic manuscripts, which hold value on their own. Any museum would sell children's organs to be able to get their hands on a single piece. I've been to the Vatican myself, I've seen one single wing of many, completely filled with the most impressive art pieces, stacked together like they don't have enough room to store everything properly. The British museum is innocent compared to the amount of stolen priceless art pieces the Vatican has.
And they they are on the brink of bankruptcy, because "people aren't giving them enough money anymore"... "Because of the current pope". I guess for the first time we have a pope doing something right.
A corporation which thrives on one source of income alone: gifts. And now the infinite money stream is declining. What was it, Christians say when bad shit happens... Ah yes, I remember, "God works in mysterious ways". Or translated for people who do not believe in imaginary friends and fairytales: shut up and deal with it.
Just pray. If your God is the creator of the universe, it's pretty likely he can handle the situation once you let him know.