Pope Pissed After Feds Force FATCA Down Vatican City Bankers' Throats

Tyler Durden's picture

Submitted by Simon Black via Sovereign Man blog,

OK this is really getting ridiculous.

Despite being the sacred keepers of the Catholic faith and trustees of the meek, the Holy See has just inked a deal with the US government putting the Pope in bed with the Internal Revenue Service.

It’s so bizarre you couldn’t possibly make this stuff up anymore.

The Vatican City has been forced into sharing information with the US.

So now, like a good little doggy, they’re obliged to cough up financial records on anyone they’ve ever had dealings with whenever Mr. Obama snaps his fingers.

I’m not sure this is what Pope Francis had in mind when he called for an end of “the cult of money and the dictatorship of an economy”.

Ironically, the oft-quoted Book of Proverbs says that “[T]he borrower becomes the lender’s slave.”

And this is true in almost all cases. Except, apparently, when it pertains to the US government.

Despite having borrowed more money than any nation in the history of the world, the US government still acts like everyone’s master, including dictating the most ridiculous terms on financial agreements like this.

It’s all part of FATCA– the 2010 legislative joke formally known as the Foreign Account Tax Compliance Act.

We’ve talked about this before– FATCA may prove to be the greatest disaster in US history. And there’s one simple reason why.

Ever since the end of World War II, the US banking system has formed the backbone of global banking and finance.

Right now, if a South African refiner buys oil from a Brazilian producer, that transaction will likely be settled in US dollars and clear through the US banking system.

In other words, the money will flow from South Africa to New York, and from New York to Brazil.

It’s like this with most international trade transactions, particularly commodities contracts like coffee, oil, and metals.

For over 70 years now, the rest of the world has trusted that the US government would continue to allow free and unfettered access to a sound, safe, stable banking system.

And… one would think that the US government would respect this tremendous responsibility of overseeing the world’s core banking system. Yes. One would think.

But that hasn’t happened at all.

In 2008 after Lehman Brothers failed, suddenly the world got a dose of reality.

After an epic financial disaster which brought down some of the largest banks in the United States, suddenly the world realized that the US banking system wasn’t so safe after all.

One bank after another failed. Several had to be nationalized. Nearly all of them had to be bailed out.

Fool me once, shame on you.

Then in 2010, the US government passed FATCA… which mandated that every bank on the planet jump into bed with the IRS.

They further threatened that any bank which did not comply would be kicked out of the US banking system… essentially choking off a foreign banks’ ability to conduct international business.

Fool me twice, shame on me.

Then last year the US government went after French bank BNP Paribas, fining them a whopping $9 BILLION for doing business with countries like Iran and Cuba (though the latter is now curiously America’s BFF.)

And naturally, if BNP didn’t pay up, the US government threatened to kick them out of the US banking system. Notice a pattern?

Fool me thrice. OK how many f**king times does the world need to be fooled before they do something about it?

Too many times, apparently. But it’s finally starting to change.

The world has realized that the US government has a track record of reckless irresponsibility.

They’ve proven to the world that they’re willing to take the sacred international banking obligation that they’ve been entrusted with and turn it into a weapon of intimidation.

This is unbelievably stupid.

The US government is taking a giant, steaming dump on its last remaining competitive advantage.

Having control over the global financial system is for all intents and purposes a license to print money.

It meant that the US could create as much money as it wanted, indebt itself as much as it wanted, because there would always be strong foreign demand for dollars.

But you can only bully the rest of the world so many times before foreigners start looking for alternatives.

And that is happening.

The new China International Payment System (CIPS) will be the first credible option in conventional banking to circumvent the US. And it’s coming online later this year.

Not only is CIPS not dependent on the US dollar or the US banking system, but it also fixes a number of technological inefficiencies with the current system.

Over the long-term, the end result will be fewer banks using the US system, resulting in a substantial decline in their use of US dollars and their ownership of US government debt.

Think about it like this– foreigners currently own a third of US government debt.

If they no longer have as strong an incentive to own US dollars and start reducing their load, who’s going to pick up the slack?

Who will the US government turn to when they need to borrow money?

Simple. You.

Whether you want to or not, the US government will find the most creative ways possible to ensure that you invest your money in the ‘safety and security’ of government bonds.

Welcome to the coming capital controls.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Supernova Born's picture

Money changers took over the Temple of Democracy round these parts.

MonetaryApostate's picture

Ah, the Lead Rule: He who has the guns makes the rules!

Rogue America cruising for a WW3 Bruising!

SmittyinLA's picture

$50 reward for a blue helmet with a bullet hole in it!

TeamDepends's picture

Setting a honey trap should be a fairly straightforward procedure.

HowdyDoody's picture

Has FATCA been forced down Israel's throat?

espirit's picture

The Vatican City has been forced into sharing information with the US. 

Let's see how long this takes to be edited out.

The Vatican City has been forced into sharing information with the Zionists. 

fleur de lis's picture

The Vatican is being punished because they don't do as they are told by the NWO.

Pope Francis--

1) Vehemently opposed attacks on Syria and indeed responded by organizing a worldwide day of fasting and prayer for Syria.  He opened St. Peter's Square for the service, led it himself, and invited all who wanted to attend regardless of religion.

This was a very big no-no to the NWO.

2) He approved of lifting sanctions on Iran--another big NWO no-no.

3) He approved of lifting sanctions on Cuba and stated his intention to stop in Havana on his way to America. Very big NWO no-no.

4) He stated that he has not listened to or watched the news in 20 years--another NWO no-no because the brainwashing has no effect.

There are probably more. So the NWO does the only thing it can--it threatens financial destruction worldwide unless he signs on.

Checkmate. For now.

 

 

RichardParker's picture

They still have any of that Nazi gold lying around?  Might come in handy one of these days...

The Delicate Genius's picture
The Delicate Genius (not verified) HowdyDoody Jun 11, 2015 7:41 PM

yes, over a year ago, actually. 

 

This isn't Saruman fucking around, this is global Sauron, fashioning his Ring, baby.

cherry picker's picture

What about the Pope's boss?  I heard when he gets pissed nations are screwed, cities turned to salt, frst born are fried and DC ends up under an ocean.

If I were the USA Department of Banking Regulations I would be careful with this one.

TeamDepends's picture

Um yeah, the Pope plays for the other team.

MonetaryApostate's picture

All they accomplish here is bringing bad things down on America...

They are just far too arrogant here, you fuck with the old money & you are asking for it big time...

But then again, this administration seems hellbent on doing just that...

(Destroying America)

unicorn's picture

mafia pissed. voila, fixed.

Kirk2NCC1701's picture

Talk about a Hostile Takeover. 

The Church was supposed to throw out the Moneychangers, not feed them till they grew up and threw out the Church.

Explain to me the Vicar Of Christ bit, and how 1 Billion people March to the beat of the Moneychangers. 

Given his pansy no-action reaction, he DESERVES to be the Last Pope.

Colonel Klink's picture

The Pope gets to suck bankster FATCA-WK!

pods's picture

Forgive my giggling about the Vatican being anal probed by someone with power over them.

pods

metastar's picture

God reporting to the IRS devil ?? Whoa! On your knees bitches and beg for mercy come judgment day (it won't be long).

The Delicate Genius's picture
The Delicate Genius (not verified) Jun 11, 2015 4:43 PM

FATCA should have been called the Bretton Woods life support system act.

And no real reason it wouldnt apply to the country known as The Vatican.

The real question seems to be who or what owns "Catholic Church" property - its generally not The Vatican, of course, but sometimes its an archdiocese, sometimes parishioners.

But there's little doubt that the IRS would want to keep an eye on all of Europe, including the Vatican City State.

Of course, the US banking system itself is not exactly exclusively in the hands of Americans.

BorisTheBlade's picture

mea culpa, mea culpa,
mea máxima culpa

wow thats crazy's picture

Looks like the Priest and Bishops are on their knees sucking cock for the Good Lords forgiveness!

Kirk2NCC1701's picture

Simon, have you given up your US Citizenship  (USC) yet?

Eating your own cooking? 

LawsofPhysics's picture

No mention of the Federal Reserve?  This guy is a disingenuous cunt.

techstrategy's picture

Actually, the USG is trying to hunt down all of the TBTJ Banksters ill gotten gains from a century of private seigniorage... 

Normalcy Bias's picture

It's about time something was forced down the Vatican's throats instead...

CPL's picture

It's a bank, it's fair game.  Next one.  The trusts that have been set up, by all terms and conditions they are also Banks..  Time to empty them.

All of them.

Winston Churchill's picture

I can't even imagine how long the queue will be to join the alternate SWIFT system.

This is cutting off your nose to spite your face, by Uncle Scam.

The more they try to clamp down, the worse the blowback is going to be.

Mike Masr's picture

I am Russian Orthodox and I am so glad that Barry and the Feds can't get their grubby fingers into the Moscow Patriarchate's finances!

Kirk2NCC1701's picture

It USED to be that the Catholic Church could effectively tell the US or its prevailing Administration, "what's what".

Catholics have become 100% irrelevant in US Politics, due to their own damn fault: "Tua Culpa, Tua Maxima Culpa."  That's what you get from a Roman-made religion that is "By the Sheeple, but Of and For the Shepherds and Wolves".  Remember these gems:

Blessed are the Poor; It is easier for a rich man to go through the eye of a needle than to get into heaven; Love your enemies; Turn the other cheek, etc.

Given these,  Christianity can NOT win when it comes in contact with ano there Absolutist religion, if that religion is more Dominance and Conquest oriented -- as are Zio-Judaism and most forms of Islam.  Christianity in general and Western/Roman Christianity in particular must reinvent itself, or be 'road-kill'.

Shad_ow's picture

The Catholic Church prostituted itself to politicians when it decided to accept leftist drivel about "social norms" which were in reality perversions, murder, and lies.   Allowing politicians who push abortion and homosexuality to remain in the church drives away much of the rest of the membership.  Why believe in any principle if certain beliefs are discarded for funding?  Just pick what is appealing or chuck it all.

Lea's picture

"Christianity in general and Western/Roman Christianity in particular must reinvent itself, or be 'road-kill'."

The Catholic church, in fact, has next to nothing in common with any of the Protestant denominations. It's very close to the Orthodox church, on the other hand, the sole differences being one scripture sentence and the fact Orthodox priests can marry. That's about it.

On the other hand, there's a gigantic gap with Protestantism. And it can't be reduced, since it has to do with fundamentals, so you can't speak of a Western/Roman Christianity. It's meaningless.

Crawdaddy's picture

True words - giant gap between the RCC and the Protestants. That is why the RCC's mission numero uno for the past ~474 years ago, according to Wiki, has been to death/murder/kill Protestantism.

Amazing to think all of the the RCC adherants on the Supreme Court, positions of leadership in gov, biz, corp, etc. There is a reason why JFK being a Catholic was a BFD at the time. Society still had a living memory of the darkness of Rome.

The RCC and its military wing known as the Jesuits, have been insidiously effective at transforming/infitrating/commandeering the Protestant denominations. To the point the distinction of denomination is meaningless anymore. Precious few churches today are NOT signatories to the World Council of Churches (and the like), which are are all pushing globalism, bastardized interpretation of Romans 13 which is basically "God put these guys in charge so we gotta do what they say." THese churches are the ones who do not hesitate to sign their staff on to be members of the DHS Clergy Response Teams.

Loyola was the guy who penned the ideas that form the basis of wealth reditribution. Note the old world/new world Protestant descendants are the ones with wealth, generally speaking. All those break-away countries from "mother church." The countries that didn't make posession of a Bible a capital offense.

FWIW anyway. I invite you to investigate, to test what I said.

TheReplacement's picture

Romans 13 is all fine and good but these bastards put themselves in place in volation of our law.  They are not our governing authorities.  They are our ruling authorities.  Words have meaning and we need to not only understand but abide by that fact.

It should be duly noted that the commandment is not "Thou shalt not kill" but rather "Thou shalt not murder".  Another very important distinction that the rulers wish to confuse.

Crawdaddy's picture

True. These clowns have no authority but they get away with it because too few know to erect challenges.

The Delicate Genius's picture
The Delicate Genius (not verified) Kirk2NCC1701 Jun 11, 2015 7:55 PM

I don't know Kirk...

If the Pope told Catholics they should boycott Israeli settlement products, even assuming say 20% compliance - that's quite a hit.

The predictable cries of "anti-Semitism"  {amounting to the notion it is anti-Jewish racism to protest bad actions perpetrated by the government of the self-proclaimed Jewish state - absurd on its face, if not in its emotional resonance} would be ineffective with this Pope, and counter-productive since, it would not of course be anti-Semitism, but a protest of Israeli colonial persecution of Palestinian Muslims and Christians, some of whom are in fact Catholic - just Eastern Rite, as in Lebanon, where Rome left the Maronites as much out to try as the Copts of Egypt.  Using this smear tactic when so misapplied would wake a sleeping giant.

Even in the US where most Catholics, with the exception of new immigrants are educated, hence practically speaking not religious, they are the largest single religion, outnumbering Christian Zionists and Jews combined.

 

Point is, its power is not gone so much as latent.  I might call my brother all sorts of names and not even like him very much most of the time - but if some stranger tries to bully him {or whatever} I am swiftly and unequivocally on his side.  Hence any attack on the Pope.  I admit to liking a lot about this guy especially compared to the last guy, but he certainly is not doing enough about the child abuse, and he apparently lectured Putin status post being lectured by some US official - he should know that Putin was in large part responding to US meddling fa from its own shores per "The Grand Chessboard."


fyi I'm agnostic but as a kid went to a Lutheran church at the half-hearted insistence of my mother.  My dad's family was french and there seems to have been Catholic, Protestant, and Jew way back when but by more recent times no one seems to have given a moment's thought to organized religion. 

IronForge's picture

They were operating on Borrowed Time to begin with.

The USA is a Protestant/Deist/Secularist Nation from the Gitgo.  Catholics were less than 10% of the Pop - now about 25%.

Still, they managed to Influence Peddle the Supremes (w/ 6 Seats) and the Conservative Media.

Funny to see the VAT listed as a Money Laundering Concern by the US State Dept - I'm surprised the DOJ hasn't listed them as a Child Trafficking/Paedophile Concern.

Now that we know that Jesus Never Existed, we can close the Embassy there; and treat it like a Micronation.  Of course, that means auditing every Archdiocese incountry; and TAX them as Foreign Commercial Entities.

jimfcarroll's picture

The article should have mentioned the UBS crackdown. Now I understand why they complied. I didn't at the time.

Realname's picture

I can hear Ann Barnhardt screaming from here.

Motorhead's picture

What, you mean she is FINALLY getting laid?  Say it ain't so!

Crawdaddy's picture

I give her great kudos for calling out the sick twisted freaks running the RCC. She isn't afraid to point out the Jesuits and their demonic, anti-God agenda.

Kirk2NCC1701's picture

The solution is simple, if you're a Dual or Triple citizen:  Use your non-US passport and non-US address for correspondence. 

If you do make a foreign Income, you can file taxes with the country whose passport you used, and be thus compliant.  This is NO different than what other legal entities (called Corporations) do: They make their offshore assets subject to foreign laws and taxes -- which are simpler, cheaper and less draconian than US laws and taxes.  Duh!

If you're a USC, then you're a neo-serf and kinda screwed -- unless you get really creative, or leverage the services of the likes of the Sovereign Man or the International Man.

Winston Churchill's picture

I do. Not had any issues yet.

It really is petty and counter productive  though.

kowalli's picture

just wait for usa to come after you with some new free trade act=)

SmittyinLA's picture

Uh no, they wont be disclosing Priest pensions, house revenues or government grants, this is for the peons they hire to clean their toilets. 

corporatewhore's picture

Isn't the Pope more interested in the Medjugorie soap opera occurring almost everyday?  Messages from Heaven so full of banality you wonder why anyone would want to go there.

goldhedge's picture

God is gonna shit all over the USA now.