The Vatican Exposed
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The Vatican Exposed

3.93 (89 ratings by Goodreads)
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Description

Over 50 billion dollars in securities. Gold reserves that exceed those of industrialized nations. Real estate holdings that equal the total area of many countries. Opulent palaces containing the world's greatest art treasures. These are some of the riches of the Roman Catholic Church. Yet in 1929 the Vatican was destitute. Pope Pius XI, living in a damaged, leaky, pigeon-infested Lateran Palace, could hear rats scurrying through the walls, and he worried about how he would pay for even basic repairs to unclog the overburdened sewer lines and update the antiquated heating system. How did the Church manage in less than seventy-five years such an incredible reversal of fortune? The story here told by Church historian Paul L. Williams is intriguing, shocking, and outrageous. The turnaround began on February 11, 1929, with the signing of the Lateran Treaty between the Vatican and fascist leader Benito Mussolini. Through this deal Mussolini gained the support of the staunchly Catholic Italian populace, who at the time followed the lead of the Church. In return, the Church received, among other benefits, a payment of $90 million, sovereign status for the Vatican, tax-free property rights, and guaranteed salaries for all priests throughout the country from the Italian government. With the stroke of a pen the pope had solved the Vatican's budgetary woes practically overnight, yet he also put a great religious institution in league with some of the darkest forces of the 20th century. Based on his years of experience as a consultant for the FBI, Williams produces explosive and never-before published evidence of the Church's morally questionable financial dealings with sinister organizations over seven decades through today. He examines the means by which the Vatican accrued enormous wealth during the Great Depression by investing in Mussolini's government, the connection between Nazi gold and the Vatican Bank, the vast range of Church holdings in the postwar boom period, Paul VI's appointment of Mafia chieftain Michele Sindona as the Vatican banker, a billion-dollar counterfeit stock fraud uncovered by Interpol and the FBI, the "Ambrosiano Affair" called "the greatest financial scandal of the 20th Century" by the New York Times, the mysterious death of John Paul I, profits from an international drug ring operating out of Gdansk, Poland, and revelations about current dealings. For both Catholics and non-Catholics this troubling expose of corruption in one of the most revered religious institutions in the world will serve as an urgent call for reform.show more

Product details

  • Hardback | 264 pages
  • 156 x 228 x 22mm | 498.95g
  • Prometheus Books
  • Amherst, United States
  • English
  • illus
  • 1591020654
  • 9781591020653
  • 248,080

About Paul L. Williams

Paul L. Williams is a journalist and the author of The Day of Islam, Osama's Revenge, The Al Qaeda Connection, and The Vatican Exposed, among other books. The winner of three first-place Keystone Press Awards for journalism, he has written articles for such news outlets as Newsmax, World Net Daily, Family Security Matters, and the National Review. He has also served as a consultant for the FBI, editor and publisher of the Metro (Scranton, PA), and adjunct professor of humanities at the University of Scranton.show more

Rating details

89 ratings
3.93 out of 5 stars
5 39% (35)
4 31% (28)
3 15% (13)
2 12% (11)
1 2% (2)

Our customer reviews

I approached Dr. Williams' book with some caution, in case its explosive revelations were exaggerated and perhaps hard to substantiate. I traced back several of the more controversial citations and found that his sources could be substantiated, either directly or because they were consistent with independent sources. In only one instance did I find Williams had cited a source that, while credible (a priest and Vatican insider), provided no specific evidence for the statement cited by Williams. The Vatican Exposed came across as a credible and reliable expose of the machinations of the Vatican hierarchy through most of the twentieth century. That there is only one short chapter on paedophilia, the subject that is most in the news today, is perhaps because there is so much ground to cover regarding financial malpractice, corruption and criminal activity in the Vatican. I highly recommend this book for readers who expect to hold the Catholic Church to the same moral standards as it demands of the faithful.show more
by Dick Harfield
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