With George Noory
Live Nightly 1am - 5am EST / 10pm - 2am PST
The Catholic Church & Money - Shows

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Last Show Recap

The Catholic Church & Money

Author Phil Siracusa shared his chilling first-person account of experiencing a demonic haunting that surrounds him wherever he goes - known as the 'Horsefly case.' In the second hour, he was joined by psychic medium and paranormal investigator, Karissa Fleck, who is the lead investigator on the case. Open Lines followed in the final hour of the program.

Upcoming Shows

Sun 09-06  Other Side Messages/ ET Encounters Mon 09-07  Financial Outlook/ Cryptozoology Tue 09-08  Candidate Timetraks Wed 09-09  World Instability/ Telepathy & NDEs Thu 09-10  TBA
Fri 09-11  Border Patrol Tales/ Open Lines

CoastZone

Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

The Catholic Church & Money

Show Archive
Date: Saturday - June 11, 2011
Host: Ian Punnett
Guests: Jason Berry

Author Jason Berry joined Ian Punnett for a discussion on his research into the financial infrastructure and practices of the Roman Catholic Church. Berry described the church as financially disorganized, noting in particular how there is no standard procedure for securing funds dropped into the parish collection baskets, and even resistance within the Vatican ranks for establishing such a method. "There's no guarantee that how much is donated on Sunday is the same amount that gets put into the bank on Monday," he said. Priests traditionally take "a little walking around money" from the offering plate whenever they need it, Berry added. Vast amounts of cash go missing due to embezzlement as well, he revealed, estimating around $2.3 billion has been lost over the past 46 years.

Berry spoke about how the church dealt with financial fallout from the infamous clergy sex-abuse scandals. When a bishop needs assets, to pay legal bills and settlements for example, he can use the 'power of suppression' to shut down parishes, take their cash reserves, and sell off the property, Berry explained. This led to a wave of parish closings in Boston in 2004, as well as a devious financial scam architected in the highest office of the Vatican. According to Berry, the second most powerful man in the church, Cardinal Angelo Sodano, supported his nephew’s scheme to profit from these shuttered churches. Berry also talked about how the San Diego Diocese tried to file Chapter 11 bankruptcy to reduce their abuse settlement payouts, as well as the history of the Vatican Bank and how it was once used to launder money for a mobster.

Related Articles

World's Shortest Man

World's Shortest Man

Filipino Junrey Balawing is expected to be named the world's shortest man on Sunday, when he reaches the qualifying age of 18. Balawing measures only a little above 23 inches standing. The current Guinness record holder, Khagendra Thapa Magar of Nepal, is 26.4 inches tall. More at Yahoo! News.

Bumper Music

Bumper music from Saturday June 11, 2011

Advertisement