Vatican Announcing Financial Bankruptcy amid Covid-19 Crisis

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Article by Leo Zagami 


In the last few hours, the Vatican has announced an unprecedented crisis due to the virus and some alarming projections about the Vatican’s post-pandemic financial situation. Jesuit Father Juan Antonio Guerrero Alves, Prefect of the Secretariat for the Economy, said in an interview to Vatican News, that “Pessimistic projections [linger] around 45%,”while he submitted an “optimistic” estimate at 25%. Adding “Today, we are unable to say whether there will be a decrease in donations to the Peter’s Pence collection, or a decrease in contributions from the dioceses.”

On November 14, 2019, Pope Francis named Father Guerrero Alves SJ Prefect of the Secretariate for the Economy, effective as of January 1, 2020. Although when Pope Francis created the position he established that it should be held by a cardinal, and he agreed to allow Guerrero Alves, who is normally a bishop, to remain a Jesuit priest so that he could return to ordinary assignments in the Company of Jesus when Cardinal George Pell of Australia, his predecessor, returns to his office. Guerrero Alves is simply a temporary substitute before the return of the powerful pedophile Cardinal Pell in Rome.

In December 2019, Church Militant reported on The Wall Street Journal’s (WSJ) revelations that the Vatican was using as much as 90% of Peter’s Pence funds — marketed as the pope’s charity for the poor toward paying off deficits in the Vatican’s administrative budget, including salaries.

Gerard O’Connell wrote on May 13th, forAmerica the Jesuit Review: “The Vatican faces difficult budget choices as coronavirus pandemic crushes revenue.” O’Connell explains that:“Like all other states across the globe today, the Vatican, the world’s smallest state, is in financial difficulty as the Covid-19 pandemic continues to strike not only the lives of people but the global economy.”

But that’s not entirely true. The problems in Peter’s Pence fund go back to the raid conducted on the 1st of October 2019 that came in response to complaints made by the Institute of Religious Works (also known as the Vatican Bank) about illegal real estate transactions and other questionable activities conducted with the money of the Catholic faithful present in St Peter’s Pence, that should have never been invested let alone on things like an openly gay movie on the life of Elton John.

The Vatican was already discredited and the words of Father Juan Antonio Guerrero Alves SJ, are simply a Jesuit way of using the pandemic crisis to cover-up the wrongdoings of the Holy See that is now secretly collaborating with Cardinal Pell who has worked out a deal with the Jesuits for his return to Rome after his acquittal.



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