The Vatican News portal reports that the Administration of the Patrimony of the Apostolic See (APSA) closed its 2025 financial year with Net Assets of €2.686 billion, an increase of €89 million, driven by gold revaluation (+€40.8 million), real estate gains (+€39.2 million), and securities valuation (+€16.3 million). The operating result was €22.8 million, with a €22.7 million contribution to the Roman Curia. Archbishop Giordano Piccinotti frames this as “prudence, transparency and service,” highlighting a portfolio of 17% equities, 32% bonds, 29% physical gold, and extensive real estate holdings (4,281 units in Italy, 1,200 abroad). The report celebrates “building, not only safeguarding,” citing agrivoltaic projects and property redevelopment inspired by the encyclical Laudato si’. This financial statement of the conciliar sect’s central bank reveals not stewardship but the institutionalization of Mammon-worship as the true religion of the Vatican usurpers.
The Conciliar Sect’s Central Bank: A Synagogue of Satan Managing Stolen Patrimony
The cited article boasts of APSA’s €2.686 billion in Net Assets, a figure accumulated through the usurpation of the Church’s temporal patrimony by the paramasonic structure occupying the Vatican since 1958. Pope Pius IX, in the Syllabus of Errors (1864), condemned the proposition that “The Church has not the innate and legitimate right of acquiring and possessing property” (Error 26) and that “The immunity of the Church and of ecclesiastical persons derived its origin from civil law” (Error 30). The conciliar sect, having no canonical mission, no jurisdiction, and no sacramental validity, administers these goods as a de facto lay corporation, not as the Church. The Code of Canon Law (1917), Canon 1497, establishes that ecclesiastical goods are administered by those with legitimate authority; the “Archbishop” Piccinotti, ordained in the invalid post-conciliar rite, possesses no such authority. His “management” is nulla et irrita (null and void).
Gold, Real Estate, and the “Prudence” of the World
The article details a portfolio allocation of 29% in physical gold (+€40.8 million revaluation) and extensive real estate holdings managed through “wholly owned companies” in London, Paris, Geneva, and Lausanne. This is the financial architecture of the Antichrist’s kingdom, not the patrimony of the Bride of Christ. Our Lord Jesus Christ declared: “My kingdom is not of this world” (John 18:36). Pope Pius XI, in Quas Primas (1925), teaches that Christ’s royal authority “extends not only to Catholic nations… but His reign encompasses also all non-Christians, so that most truly the entire human race is subject to the authority of Jesus Christ.” The conciliar sect’s “prudence” is the prudentia carnis (prudence of the flesh), which St. Paul condemns as “enmity against God” (Romans 8:7). The accumulation of gold and prime real estate in global financial capitals, while the “pope” Leo XIV (Robert Prevost) preaches “synodality” and “fraternity,” exposes the radical dichotomy between the conciliar sect’s words and its works. As St. James warns: “You have stored up treasure for the last days… You have lived on earth in luxury and self-indulgence” (James 5:3,5).
The “Laudato Si'” Agrivoltaic Project: Eco-Paganism as Investment Strategy
The article cites the “Fratello Sole” agrivoltaic project at Santa Maria di Galeria, “inspired by the Encyclical Laudato si’,” as evidence of “a vision focused on future profitability, guided by sustainability and ethical principles.” This is the cult of the creature rather than the Creator (Romans 1:25), elevated to institutional policy. The false encyclical Laudato si’ (2015), issued by the antipope Bergoglio, is a manifesto of naturalismus and pantheismus, condemned by Pope Pius IX in the Syllabus (Error 1: “God is identical with the nature of things”). The conciliar sect’s “ethical principles” are those of the Masonic United Nations (Agenda 2030), not the Decalogue. The “agrivoltaic” project transforms Church land into a solar-panel plantation serving the green-energy idol, while the True Mass is suppressed and souls perish. This is the abominatio desolationis (abomination of desolation) standing in the holy place (Matthew 24:15).
Linguistic Deception: “Service,” “Transparency,” and the Erasure of the Supernatural
The article’s rhetoric—”service to the Holy See,” “structural support for the Church’s mission,” “prudence, transparency and service”—is bureaucratic Newspeak designed to mask the total absence of the supernatural. Not once does the report mention the Missae, the sacramenta, the salus animarum (salvation of souls), or the regnum Christi (Kingdom of Christ). The “Holy See” served is the paramasonic structure; the “mission” supported is the demolition of the Faith. Archbishop Piccinotti’s statement that “40% of human resources work for the benefit of the Holy See’s other Entities… largely free of charge” reveals the corporatist nature of the entity: it is a service provider for the conciliar bureaucracy, not a dicastery of the Church. The Lamentabili sane exitu (1907) condemned the Modernist error that “The Church is an enemy of the progress of natural and theological sciences” (Prop. 57) and that “Truth changes with man” (Prop. 58). Here, “transparency” and “accounting standards” (VFMP) replace veritas and iustitia.
The Theological Impossibility of a Valid “Apostolic See” Administration
The Defense of Sedevacantism file establishes, citing St. Robert Bellarmine, Wernz-Vidal, and Canon 188.4 (1917), that a manifest heretic loses office ipso facto and cannot be Pope or a member of the Church. The line of claimants from John XXIII to Leo XIV (Robert Prevost) are manifest heretics by their adherence to the Second Vatican Council’s heresies: religious liberty (Dignitatis Humanae), false ecumenism (Unitatis Redintegratio), collegiality (Lumen Gentium), and the new Mass (Novus Ordo Missae). Pope Paul IV’s Bull Cum ex Apostolatus Officio (1559) declares that if a Cardinal or Roman Pontiff “has defected from the Catholic Faith or fallen into some heresy… his promotion or elevation… shall be null, void, and of no effect.” Therefore, the “Holy See” administered by APSA is a juridical fiction. The €2.686 billion is stolen goods (res furtivae), held by a societas criminis (criminal association) masquerading as the Church.
Real Estate “Rationalization”: Disposing of the Church’s Patrimony for Mammon
The article reveals a “three-year plan (2025–2027) for the disposal of non-strategic properties and the regularisation of planning and cadastral records, in order to release capital for reinvestment in higher-yielding assets.” This is the liquidation of the Church’s temporal patrimony for speculative gain. The Syllabus (Error 53) condemns the proposition that “civil Government may… suppress the said religious orders… and subject their property and revenues to the administration and pleasure of the civil power.” The conciliar sect, itself a tool of the Masonic civil power, does the work of the Revolution voluntarily. The 4,281 units in Italy and 1,200 abroad—many formerly convents, seminaries, and churches confiscated from the true Church—are now “assets” to be “optimized.” The “Domus Paolo VI” redevelopment honors the architect of the Novus Ordo and the destroyer of the liturgy. This is sacrilegium (sacrilege) on a planetary scale.
The “Operating Result” of €155,000: A Symbolic Surplus for a Null Entity
The article notes that after paying the €22.7 million contribution to the Roman Curia, the operating result is a “symbolic surplus of €155,000, allocated in its entirety to an increase in Net Assets.” This pittance, the financial residue of a year’s “service” to the conciliar machine, underscores the vanitas vanitatum (vanity of vanities) of the entire enterprise. The true Church, as Pius XI teaches in Quas Primas, “demands for itself by a right belonging to it, which it cannot renounce, full freedom and independence from secular authority.” The conciliar sect’s “Holy See” is wholly dependent on the global financial system—its gold, bonds, equities, and real estate are hostages to the very powers (central banks, IMF, WEF, Masonic lodges) that seek the Church’s destruction. The “VFMP” accounting standards, which move €16 million in gains directly to Net Assets bypassing the income statement, are a gimmick of the same financial engineers who manage the Vatican Bank (IOR) scandals.
Symptomatic Diagnosis: The Conciliar Sect as the Financial Arm of the Antichrist
The APSA report is not an anomaly; it is the necessary fruit of the conciliar revolution. The Lamentabili sane exitu condemned the Modernist proposition that “The Church is incapable of effectively defending evangelical ethics, because it steadfastly adheres to its views, which cannot be reconciled with modern progress” (Prop. 63). The conciliar sect has “reconciled” itself with modern progress by becoming its banker and property manager. The “Encyclical Laudato si’” cited as inspiration for the agrivoltaic project is the Magna Carta of the eco-pagan New World Order. The “Fratello Sole” project at Santa Maria di Galeria—the site of Vatican Radio’s transmitters—symbolizes the replacement of the Voice of Truth with the hum of solar inverters. As the False Fatima Apparitions file documents, the Masonic operation uses “ritualistic 200-year cycles” (1717, 1917, 2017) and “disinformation strategy” to subvert the Church. The 2025 financial statement, in the year of the “papal succession” from one antipope to another, is a balance sheet of the abomination of desolation.
Conclusion: The True Church’s Patrimony is the Cross, Not Gold
The integral Catholic faith, preserved in the catacombs of the sedevacantist resistance, knows that the Church’s true patrimony is non in auro neque in argento (not in gold nor in silver), but in the Sanguis Christi (Blood of Christ) and the Sancta Missa (Holy Mass). The €2.686 billion of APSA is the price of the betrayal, the triginta argentei (thirty pieces of silver) of the conciliar usurpers. St. Pius X, in Lamentabili sane exitu, renewed the condemnation of Modernism as “the synthesis of all errors.” The APSA report is the financial statement of that synthesis. The only “audit” that matters is the Particulare Iudicium (Particular Judgment), where the “Archbishop” Piccinotti, the “Pope” Leo XIV, and all who administer this pecunia iniquitatis (money of iniquity) will answer not for “Net Assets” but for animas perditas (lost souls). Non est qui consoletur (There is none to comfort them — Lamentations 1:2).
Source:
APSA: 2025 Financial Statements show stronger Net Assets and continued service to Holy See (vaticannews.va)
Date: 31.07.2026