by Sherman H. Skolnick
July 12, 1999

from SkolnicksReport Website

At one time the Pope owned three major banks in America, New York, Chicago, and San Francisco.

In New York, St. Peter's banker Michael Sindona, ran the Franklin National Bank as a huge gambling device and money laundry. The bank collapsed in 1974 and was taken over by a group of European banks with the Vatican losing supposedly part of their grip.

Sindona was sent to an American prison for fraudulent banking. Later, he was extradited to Italy on more charges. He began talking too much. The Pope silenced him in an Italian jail - murdered with a poisoned cup of coffee. [See: "St. Peter's Banker", by Luigi DiFonzo.]

By the way, the same method they used to murder Chicago's first black Mayor, Harold Washington, 1987 and replaced him as Mayor with the Vatican's "man of trust", Richie Daley, son of late Richard J. Daley who had been mayor for some 21 years. Harold when re-elected in 1987 said he was going to take over Commonwealth Edison, the local electric monopoly owned principally by the Vatican, and run it as municipal electricity at a very cheap price to Chicago residents.

That was one of several motives to poison Harold Washington. We were the only ones publicizing it through our Cable TV Show later on.

Sindona and his confederate successors also ran, for the Pope, the Continental Bank of Chicago [by about 1996 merged with the Pope's Bank of America]. All the Catholic Churches of the Western Hemisphere run their money through THAT bank.

After all, the Archbishop of Chicago is also the Treasurer, for the Church, for ALL OF,

• NORTH AMERICA

• CENTRAL AMERICA

• SOUTH AMERICA

In the early 1980s, Continental Bank, through their holding company owed some 20 Billion Dollars to the Japanese including their mafia, the Yakuza who had put in flight capital [hot money]. Continental could not repay, so the Japanese in May, 1984, started a run on the bank and its holding company, Continental Illinois.

Result?

A consortium of banks, headed by J.P. Morgan and Company, took over - with the Pope losing part but not all of his control. [I was the first to publicly estimate the amount of the bank run, which turned out to be quite accurate.]

The Morgan banks are the front for British Royalty and the Queen, who for over 100 prior years always had a director sitting to supervise Continental. Through Continental Bank, however, the Vatican continued to oversee Panama's General Noriega, and his joint secret business deals with George Herbert Walker Bush. So, when the U.S. invaded Panama,1989, Noriega naturally sought refuge in the Vatican papal office and branch of the Vatican Bank in Panama.

The U.S. Military used psychological warfare, including super hard-rock music, to drive Noriega out.


[In his book entitled "In God's Name", David Yallop tells how Italian newspaper editors criticized the Pope for doing nothing about Continental Bank and their links to the mafia. Yallop documents how the previous Pontiff, Pope John Paul 1st,opposing the mafia, was murdered after 33 days in office.]
 

The Justice Department's record-grabbers have descended on Continental Bank, seeking to destroy incriminating records that would put President Bush in the same jail cell with his CIA business partner, General Noriega.

By the way, Panama, under General Noriega, was the ONLY country in the Western Hemisphere run by a dark-skinned person. Noriega was popular with the bulk of those in Panama, who are people of color. It was only the small, white aristocracy there that wanted him removed. They used the branches of worldwide banks there to skim-off loot from dope and gun running. Noriega was really just a small-time, semi-independent tyrant.

Helping supervise Continental Bank has been the Vatican's "man of trust" [trusted to keep their business secrets], Chicago Federal Appeals Judge Walter J. Cummings, Jr. [he died about 1999].

For many years Cummings was chief judge of that Court made up primarily of banker-judges. Judge Cummings steered cases on to his fellow banker-judges who do NOT disqualify themselves in cases involving their financial interests.

Guess who wins in their crooked court? [Cummings was replaced as Chief Judge by Richard A. Posner. See our story, "Chief Crook Enters Microsoft Mess".]

For many years the major owners of Bank of America and their holding company, Bank America, were the Jesuits and the Vatican, and their long-time cronies, the Rothschilds. Like Continental Bank up to 1984, they owed tens of Billions of Dollars to the Japanese mafia, the Yakuza who own most of the other sizeable banks in California.

In the late 1980s, Bank of America was faced with a run, so they have quietly given over most of the control to the Japanese Yakuza.

Although the Pope has lost much of the control of the three banks in America, the Pontiff continues as the major owner in nuclear power utility firms in the U.S., including Commonwealth Edison and Florida Power [through a Dutch front for the Vatican, called Robeco.]

Under the Atomic Energy Act, it is illegal for a FOREIGN entity, such as the Vatican, to own nuclear facilities in America.

The law is not enforced. See: my story "The Electric Scandal".