Sunday, July 1, 2012

The Godfather 3

When we were discussing the money laundering allegations at the Vatican bank and the $1.2 billion the Vatican bank embezzled from Banco Ambrosiano, Freddy mentioned the movie Godfather 3. Seemingly that movie ties in the murder of Pope John Paul I with the bank scandal.

Paul Marcinkus was an American archbishop of the Roman Catholic Church. He was best known for his tenure as President of the Vatican Bank from 1971 through 1989. He was also involved with Michele Sindona, who had links with the Mafia.

Paul Marcinkus was president of the Vatican bank when it embezzeld $1.2 billion from Banco Ambrosiano. In 1984, the Vatican Bank agreed to pay US$224 million to the 120 creditors of the failed Banco Ambrosiano as a “recognition of moral involvement” in the bank's collapse. That really did happened.

Roberto Calvi was the chairman of Banco Ambrosiano. Licio Gelli was an Italian financer involved in the Banco Ambrosiano scandal connecting that scandal to Operation Gladio which involved the Italian and the US secret service.

Paul Marcinkus was presiednt of the Vatican bank living in the US from 1971 through 1989. Pope John Paul I was murdered September 28, 1978. Marcinkus was named as a suspect in the Pope’s murder by David Yallop in his book In God's Name.

I still have a copy of that book. I bought it years ago but couldn’t get past the Masonic thing. A Masonic lodge existing at the Vatican wasn’t a big deal to me. The Catholic Church has a rule that Catholics can’t be Masons because they have their own similar group, Knights of Columbus. Masons don’t have a rule saying Catholics are not allowed in. You just need to have a belief in God. The Orange Order is more of a kick the Pope break off group.

However, it is clear that this P2 lodge were up to bad things and were expelled from the order as a result. They continued under their own umbrella. It’s pretty clear that Paul Marcinkus was a bad guy. It’s pretty clear that Michele Sindona was a bad guy.

Sindona was an Italian banker and convicted felon. Known in banking circles as "The Shark", Sindona was a member of Propaganda Due. Licio Gelli was involved in the Banco Ambrosiano scandal and was the Venerable Master of the clandestine Masonic lodge Propaganda Due (P2).

So if Robert Calvi, Michele Sindona and Licio Gelli were all members of P2 and if Licio Gelli was the Venerable Master of the rouge lodge, then it’s pretty clear Calvi wasn’t a lone wolf who ripped off the mob. It’s pretty clear he was a scape goat to help cover up where the embezzled money went. It went to fund another secret black op called Operation Galdio. A stay behind operation sponsored by the CIA.


  1. A book was published in the early 1980s called The Vatican Connection, about Archbiship Marcinus and the Vatican Bank's involvement with Mafia money laundering activities. The NYPD detective on the case was Joseph Coffee (Coffey?), who has since become a widely recognized expert on organized crime.

  2. Further to my last comment, the "Vatican Connection" book never broached the subject of John Paul I's alleged murder, and I don't believe for a second there is any truth to that. The guy was old.

  3. I'll have to check out that book. Pope John Paul I may have been old but his desire to clean up the Vatican Banks does make his death suspicious. Either way the money laundering and investment fraud coming out of the Vatican bank is a real concern.

  4. Nick Tosches has an excellent bio of Sidona called "Power on earth."


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