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The Vatican Is Broke?

Posted by David S Hinkley on July 13, 2012 at 4:00 PM Comments comments (0)

Original link:

CAFR SCHOOL: The Vatican Is Broke?

In a small blurb on a back page of the Salt Lake Tribune was this little gem of a story, referencing a recent Associated Press article. I laughed out loud when I read it, and I think you will too…



Vatican posts $19 million deficit, worst in yearsBy NICOLE WINFIELD

The Associated Press.First Published Jul 09 2012 01:28 pm • Last Updated Jul 10 2012 12:17 am“Vatican City • The Vatican has registered one of its worst budget deficits in years, plunging back into the red with a (euro) 15 million ($19 million) deficit in 2011 after a brief respite of profit.

The Vatican on Thursday blamed the poor outcome on high personnel and communications costs and adverse market conditions, particularly for its real estate holdings.

Not even a (euro) 50 million gift to the pope from the Vatican bank and increased donations from dioceses and religious orders could offset the expenses and poor investment returns, the Vatican said in its annual financial report…”


Note here that we can all learn from this official statement from the Vatican in a big way. For this is exactly the same scam that all governments are claiming around the country, some even now in bankruptcy proceedings. So let’s list these similarities:

1) The Vatican is a corporation, as is each individual and Federal government entity.

2) The Vatican and government operate both in the non-profit and for-profit realm.

3) Both have an Annual Financial Report, and both have a budget report.

4) Both the Vatican and the Government have real estate holdings, as well as stock investments, foreign currency holdings, and both invest heavily into the world-wide corporte structure and fund its liquidity.

5) Both promote their debt, while hiding their investment asset balances.

6) Both have a central bank, which bails it out in moments of need, and then expects Catholics/taxpayers to pay the bill despite its liquid investment holdings.

7) Both openly lie by omission to the people of Earth, while in a position of trust, referring to a deficit while completely ignoring its investment holdings – as if these fund balances don’t even exist.

8) Both use the “depreciation” of capital assets (land holdings, buildings, etc.) to show on their financial reports a liability against other assets, in order to decrease reportable value of these investment assets.

9) Both create budgets that are falsely imploded with such things as future liabilities so as to justify its raising of taxes and its request for tithing.

10) Both create separate sub-corporations with their own financial statements as for-profit entities, but do not use those profits for the benefit of the people.

11) Both call the people “customers”, not people.

12) Both lay off employees with the excuse of budget shortfalls, still not dipping into their vast trillions in liquid investment capital.


In this truly ironic statement by the Vatican we can see perhaps the best example ever of how a government corporation lies by the act of utter and ridiculous disassociation and nondisclosure of its true wealth. And yes, the Vatican is a corporation, and it is the government of Vatican City – as a “nation state”. It just happens to call itself a church.

Associated Press story continued…


“The Vatican said it ran a (euro) 14.9 million deficit in 2011 after posting a surplus of (euro) 9.85 million in 2010. The 2010 surplus, however, was something of an anomaly. In 2009 the Vatican ran a deficit of (euro) 4.01 million, in 2008 the deficit was (euro) 0.9 million and in 2007 it was nearly (euro) 9.1 million.

The Vatican city state, which mainly manages the Vatican Museums and is a separate and autonomous administration, managed a budget surplus of (euro) 21.8 million. That’s largely due to a spike in revenue from the museums: More than five million people visited the Sistine Chapel and other works of art in the Vatican museums last year, bringing in (euro) 91.3 million in 2011 compared to (euro) 82.4 million a year earlier.

And the Vatican could also cheer that donations from the faithful were also up last year despite the global economic crisis: Donations from Peter’s Pence, which are donations from the faithful to support the pope’s charity works, rose from $67.7 million in 2010 to $69.7 million last year. That money, however, doesn’t figure into the Vatican’s operating budget, though contributions from dioceses, religious orders and the Vatican bank do.

The Vatican bank, known as the Institute for Religious Works, is able to make such a big contribution to the Vatican’s budget each year based on investments.

Draining the Vatican’s finances were the high costs for its main job of spreading the faith via Vatican media: Vatican Radio, the Vatican newspaper L’Osservatore Romano and Vatican television all have significant expenses and little or nothing in the way of revenue. Vatican Radio, however, is expected to save hundreds of thousands of euros a year in energy costs each year after it cut back short and medium-wave transmissions to Europe and the United States from its main transmission point in Rome.

The Rev. Federico Lombardi, who runs the Vatican radio and television departments and is also the Vatican spokesman, stressed that layoffs among the 2,832 Holy See personnel aren’t in the offing, although he acknowledged that savings must come from elsewhere.

During the meeting of cardinals who oversee the Vatican’s finances this week, he said, there was a “request for prudence and savings.”

“I’m not an expert,” he said of the deficit. “Yes, it’s bigger than in past years, it’s true.” But he noted that the amounts on a global scale aren’t alarming. “Certainly they indicate a need to pay attention and see the criteria the Vatican’s assets are administered.”



I’ve written extensively on the trillions in government investments that are covered up in the same way and completely ignored on the budget report while being reported on the Comprehensive Annual Financial Report (CAFR).

The Vatican is no different. In fact, it is the extreme example of the government (nation state) hoarding of wealth that would benefit the people of the world.

Think about it for a moment…

Just one of the thousands upon thousands of artifacts, paintings, sculptures, precious metal coins and treasures, and every other trinket and parchment of knowledge that the Vatican holds within its bowels – just the value of one of those literally priceless artifacts could feed the entire world, let alone cover a 16 million euro deficit in the selectively presented budget report of the Vatican politicians.

And so, I’ve come up with a few propaganda slogans that I think might help the Pope, the Black Pope, and his financial officers continue to fool the useful idiots that keep donating to this massive for profit country called the Vatican…


“We can’t sell our assets. They are priceless.

There is not enough money in the world to buy just one.

Therefore, we are declaring bankruptcy.”


“The Saints organized a union,

and they are demanding health benefits.

Please give.”


“Where in God’s name did I put my savings account?”


“I’m sorry, but God just called.

He says we’re broke.


I could go on… and on and on and on… but you get the point. The organization of corporate religion is not a Christian one. And the Vatican is a corporate camel with no chance of fitting through even the largest gauge needle.

In the end, if you understand what has been written here, then you understand the entirety of the government investment scheme. And you understand that the people of America are wealthy beyond imagination, but that wealth is being hidden in plain sight while government creates welfare programs to sustain the poverty level while collecting even more taxes from the poor – never fixing the very problem of poverty because that is the only thing that will create wealthy men and corporations.

Welcome to America… a potential heaven on earth, kept in purgatory by government obfuscation and hoarding of its actual wealth.


–Clint Richardson (

–Friday, July 13, 2012


One Reason To Fondly Remember Hunter S. Thompson

Posted by David S Hinkley on July 12, 2012 at 6:10 PM Comments comments (0)

Due to the insanity of the '71/'72 Democratic Party's primaries, an ancient version of the fax machine was found and purchased at a very high price by Rolling Stone for Hunter S. Thompson. Thompson liked to call it "the mojo wire" because it would allow him to extend the writing process dangerously close to the print deadline ----- he would even send in little notes only hours from press. Even the final assembly would have to be done by phone between Thompson and fellow writers and editors.

The Architects of Greatness...

Posted by David S Hinkley on July 11, 2012 at 6:50 PM Comments comments (0)

Mr. Herbert Kaufman said it best. So, I'll leave it at that and provide the quote below:

They are the architects of greatness, their vision lies within
their souls, they peer beyond the veils and mists of doubt and
pierce the walls of unborn Time. The belted wheel, the trail of
steel, the churning screw, are shuttles in the loom on which
they weave their magic tapestries. Makers of Empire, they have
fought for bigger things than crowns and higher seats than
thrones. Your homes are set upon the land a dreamer found. The
pictures on its walls are visions from a dreamer's soul. They
are the chose few -- the blazers of the way. Walls crumble and
Empires fall, the tidal wave sweeps from the sea and tears a
fortress from its rocks. The rotting nations drop off from Time's bough, and
only things the dreamer's make live on.

Care - Bring Back The WOW!

Posted by David S Hinkley on July 10, 2012 at 10:20 PM Comments comments (0)

I miss the days when either the stylish (or even freakish) were drawn to the music industry or the very talented person in the music industry cared enough to either dress very well or make a daring statement (or be just plain freaky).

We are beyond the industrial, modern, post-modern, communication, space and information ages
- all the blas-é-ges -
we are in the Visual Age now folks
so be someone to be seen

Wear what your art says;
wear what your values say;
wear what your customs or traditions inspire;
even dare to spend next-to-nothing, create, fuss and wear something completely new
--- hell even show respect by dressing nicely and contemporary.

It may be a delicious desert but, if it looks likes goose droppings served on a garbage can lid, who wants to eat it.

Bring back some of the wow!

It's win/win.

I Am An Introvert

Posted by David S Hinkley on July 9, 2012 at 3:20 PM Comments comments (0)


"I am an introvert.

I am social and I am happy.

I like people – in small groups.

I like to talk about ideas.

I am happy with a few close friends.

I am energized in solitude.

I am easily absorbed in my own thoughts.

I like to work without interruption.

I thrive on space and privacy and solitude.

Sometimes I am just happier watching.

I have my extravert moments,

but I am an introvert – and I like it!"


here are 15 qualities we can be proud of:

we're studious

we're analytical

we're creative thinkers

we're diligent researchers

we're responsible

we're good at concentrating and focusing

we're independent

we're flexible

we're good at working alone or in one-on-one situations

we're planners

we think before we act

we're good listeners

we're keen observers

we're good at seeing the big picture

we're good at finding connections between things

we're good at long term relationships

Machiavelli as Saint

Posted by David S Hinkley on July 9, 2012 at 1:40 PM Comments comments (0)

I could probably meet the reincarnated Machiavelli, aka Old Nick, and get along quite well.

Whatever his intentions he none-the-less speaks honestly and thereby exposes the thought processes and method of the greatest to the least control freak, power monger ---- an excellent service to mankind...

sadly, though, I cannot even look into the eery vacuous orbs of his modern day fans as these creatures desperately seek my approbation - sorry, Gollam, it will not be forthcoming. These ones are poster children for weakness, meanness and failure in this life.

Attitude is everything.

Alex goes a' vlogging

Posted by David S Hinkley on May 7, 2011 at 10:22 AM Comments comments (0)

Come one... come all...

to the show

the video

which is a log

which is POD

which is cast - broadly

Alex speaks

is it a vlog; is it a videocast


We're Home

Posted by David S Hinkley on April 14, 2011 at 7:21 PM Comments comments (1)

Everybody's gelling and meshing into a flexible, strong, cohesive whole....

Talents merging and emerging; personalities adapting and shining...

One fly in the ointment of productivity handled firmly, sensibly, decently, respectfully but HANDLED.... so early, so well, so much confidence inspired...

Team; Group; Band; Company; Organization; commune; Community; Hub; Vortex; Temple of Peace; Family; and yet something else....

So much getting done right...

It should come in a bottle or a pipe with perfumed scent of rosemary, honey and fresh-baked cookies...


We're Home.

Scene of the crimes

Posted by David S Hinkley on April 10, 2011 at 3:13 PM Comments comments (2)

I've come to view borders - particularly nation-state borders - as the grand equivalent of a crime scene chalk outline. I realize there may never have been any such practice as forming a chalk outline around a murder victim (ie I don't know of it personally and I don't let fiction inform me for obvious reasons.)

However, what a metaphor!

A small number of people in our world desire and reinforce the paradigm of borders for control, fame, financial reward/security, perceived defensive needs, cultural manipulation, among other motives... they've done this throughout most of the world and throughout most of the ages of man (in written records as well as hinted at in forensic evidence) and yet except when we're reward/punished or otherwise manipulated into giving matters like borders consideration, we, frankly, don't give it a thought --- don't care.

We're all intelligent, considered inviduals. This site isn't targetted to children or the stunted or the closed-minded so I don't think I have to belabour the point that all borders ultimately come to exist because of bloodshed, ostricization and other mistreatments, and, at minimum, disrespect of a perceived "other."

So, I've come to view borders as the chalk outlines on mother earth - marking out the scenes of crimes of neglect, hate, greed, posessiveness and, in general, unwaranted violence against "the people." (often by some of "the people" on behalf of the imaginings of the greedy, neglectful, hateful, control-freak few.)

I also see it's days are at last numbered.

You're hopeful friend, d

Castin' my brains out

Posted by David S Hinkley on April 9, 2011 at 2:40 AM Comments comments (0)

Podcast #4 of The Voice of 205 is now ready.
Here's a small sample compliments of Alex Zafer:

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Thank you to all our associates, clients, neighbours, friends and guests for your patience, support and well-wishes during our growing pains. You make it all worthwhile.


Tuesday, Apr 22 at 6:00 PM - 8:00 PM
Tuesday, Apr 29 at 6:00 PM - 8:00 PM
Tuesday, May 6 at 6:00 PM - 8:00 PM
Tuesday, May 13 at 6:00 PM - 8:00 PM

What's going on?

Blue & Roots Society
Open Jam

Upcoming Open Jam sessions will be this Sunday, October 28th, November 4th and 18th from 2pm to 6pm,  Musicians and music lovers  are welcome. There is a $5 cover at the door.

*Note that the first date, October 28th will not be a licensed event.
**However,  there will be a bar available on the other dates.

SATURDAY AFTERNOONS @ GALLERY 205: The Tribal Gallery has moved from James Street North to the Gallery 205! You can now visit Gwen to see some of her amazing tapestry, museum pieces and international artisan jewelry collection. Plus, this is where you will purchase your tickets to ArtBar Concerts produced by Tribal Gallery!


(Saturday Night Open House Performances start at 11pm)

**Saturday's in the LIVE studio are sometimes CLOSED SETS.  However the Gallery 205 is almost always OPEN!

See you Saturday @ 205!


Things to come.... LIVE @ 205! Co-Produced with Q.E.D. Media and Dave Beatty, the Cannon 205/Gallery 205 studio sessions are for Gallery 205 members, perfect for people who love music but don’t always want to go to a club to experience it. The setting is unique, and the sound will be amazing at one of the most talked about galleries and multi media studios in Hamilton, Ontario!!

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205 ART - Now showing

  • Current sculpture works on display by HSG Members: John Tice, Frans Rood, Gabriella Horvath, Bruna Sbranchella, Monika Minnis, Martyn Kendrick, Linda Towart.
  • Rotating Photography by Alex Zafer and special guests (mixed works - Street Photography, Reportage and Still-Life abastract) with a focus on Urban Sprawl Vs. Natures Crawl
  • Rotating show of mixed art including Richard Owen
  • Work by Paul Elia
  • We are seeking mural and sidewalk chalk artists - email