Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Vatican Calls For Global Authority On Economy, Raps “Idolatry Of The Market”
Reuters ^ | 24 Oct 2011 | Philip Pullella

Posted on 10/24/2011 8:17:15 AM PDT by edpc

The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican’s Justice and Peace department should please the “Occupy Wall Street” demonstrators and similar movements around the world who have protested against the economic downturn.

“Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” was at times very specific, calling, for example, for taxation measures on financial transactions. “The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence,” it said.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events
KEYWORDS: economy; finance; globalism; lastdays; markofthebeast; newworldorder; pope; vatican
Navigation: use the links below to view more comments.
first 1-5051-100101-109 next last
This is an extremely bad idea.
1 posted on 10/24/2011 8:17:25 AM PDT by edpc
[ Post Reply | Private Reply | View Replies]

To: edpc

Shut up and sing.


2 posted on 10/24/2011 8:18:52 AM PDT by E. Pluribus Unum ("Government does not solve problems; it subsidizes them." --Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

The Vatican bank is a stinking cesspool of corruption and they’re going to tell us how to run the world’s finances?


3 posted on 10/24/2011 8:19:58 AM PDT by circlecity
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

Ditto. (By the way, I’m a practicing Catholic.)


4 posted on 10/24/2011 8:19:58 AM PDT by utahagen
[ Post Reply | Private Reply | To 2 | View Replies]

To: edpc

Uhhhhhhhmmmmmmm.......NO!

Reeks of ‘New World Order’. No thanks.


5 posted on 10/24/2011 8:20:25 AM PDT by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
[ Post Reply | Private Reply | To 1 | View Replies]

To: utahagen
Ditto. (By the way, I’m a practicing Catholic.)

Same here,and I'm a practicing Catholic too.

6 posted on 10/24/2011 8:22:33 AM PDT by painter (No wonder democrats don't mind taxes.THEY DON'T PAY THEM !)
[ Post Reply | Private Reply | To 4 | View Replies]

To: edpc
"This is an extremely bad idea."

I fully concur! In this, the Vatican is entering territory it should stay out of.

It has come to my notice that within the modern church, not just the Catholic, there is a push by some to have the state take over what has been the purview of the church--i.e. taking care of the poor (always with us--hello statism--forget utopia), the widows and orphans.

vaudine

7 posted on 10/24/2011 8:22:54 AM PDT by vaudine
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

Whoa! Are they serious?? Have they read the book of Revelations?

When did John Lennon become pope? You know, Imagine...

In my opinion this is really scary stuff coming from the Pope.


8 posted on 10/24/2011 8:23:31 AM PDT by Obadiah (I am an official program sponsor of The Mitt Busters.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

It appears that - no matter what the religion - an “education” in that religion completely negates any ability in economics.

Jobs are created by capitalists.

If you want massive failure, check out “Soviet Union” in your Funk and Whatevers.

(Massive failure: Coming soon to the Obamaloon Theatre near you.)


9 posted on 10/24/2011 8:24:37 AM PDT by Da Coyote
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

Bad, bad, and bad again and I am a church going Catholic myself.

Glad someone else posted it. Did NOT want to have touch this with a 10-feet pole.


10 posted on 10/24/2011 8:25:07 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: utahagen

Me too.


11 posted on 10/24/2011 8:25:11 AM PDT by E. Pluribus Unum ("Government does not solve problems; it subsidizes them." --Ronald Reagan)
[ Post Reply | Private Reply | To 4 | View Replies]

To: edpc

Has been tried on a smaller scale - Union of Soviet Socialist Republics.
Took some 90 years to conclude that government by clueless doesn’t work.
That’s all we need - screwup on the world scale. Zero is working on it.


12 posted on 10/24/2011 8:26:23 AM PDT by Leo Carpathian (fffffFRrrreeeeepppeeee-ssed!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

The Vatican should just stick to “saving” people’s souls.


13 posted on 10/24/2011 8:26:38 AM PDT by SoldierDad (Proud dad of an Army Soldier currently deployed in the Valley of Death, Afghanistan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

What happened to give to Ceasar what is Ceasar’s and give to God what is God’s?


14 posted on 10/24/2011 8:26:38 AM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

Shouldn’t a prayer to Saint Matthew (Patron Saint of banking) be all that is required?


15 posted on 10/24/2011 8:26:54 AM PDT by Jack of all Trades (Hold your face to the light, even though for the moment you do not see.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

Globalist is as globalist does.


16 posted on 10/24/2011 8:26:54 AM PDT by RegulatorCountry
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

I see. So those of us who invest in stocks and bonds and such should cancel our positions, and cease making payments to Catholic Charities and the Bishop’s Lenten Appeal?

Gee, I wonder how the Vatican pays its light bills?

Rex is a Catholic, btw.


17 posted on 10/24/2011 8:26:54 AM PDT by RexBeach (There is no such thing as a good tax - Winston Churchill)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc
Render unto the "Seizer" (Obama)....
18 posted on 10/24/2011 8:27:29 AM PDT by Huskrrrr
[ Post Reply | Private Reply | To 1 | View Replies]

To: Obadiah

“Revelation.” :) Couldn’t help it, Obadiah.


19 posted on 10/24/2011 8:28:30 AM PDT by RexBeach (There is no such thing as a good tax - Winston Churchill)
[ Post Reply | Private Reply | To 8 | View Replies]

To: edpc
The document from the Vatican’s Justice and Peace department

Ladies and gentlemen I present to you in a nutshell the problem with the Catholic Church.

20 posted on 10/24/2011 8:29:21 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: broken_arrow1
What happened to give to Ceasar what is Ceasar’s and give to God what is God’s?

When you've had a run of being both simultaneously it's hard to rein in your ambitions, apparently. Just pining for the good old days.

21 posted on 10/24/2011 8:29:36 AM PDT by RegulatorCountry
[ Post Reply | Private Reply | To 14 | View Replies]

To: edpc

So, the Vatican is calling for one of the things necessary to have the one world government seen in Revelation?

Gee, what a great idea...


22 posted on 10/24/2011 8:29:46 AM PDT by Mr. Silverback (Anyone who says we need illegals to do the jobs Americans won't do has never watched "Dirty Jobs.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Huskrrrr
Render unto the "Seizer" (Obama)....

Ha! That would make a great tag line.

23 posted on 10/24/2011 8:30:18 AM PDT by Las Vegas Ron (Rush Limbaugh = the Beethoven of talk radio)
[ Post Reply | Private Reply | To 18 | View Replies]

To: edpc

Someone please tell Pope Benedict that Jesus reformed the tax collectors; he didn’t join them.


24 posted on 10/24/2011 8:32:05 AM PDT by henkster (Socialists and liberals all want jobs; they just don't want to work.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

Maybe the Vatican’s “Peace and Justice Department” should take a moment and reflect on the idolatry of global dictatorship.


25 posted on 10/24/2011 8:33:48 AM PDT by The Free Engineer
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc
This could place the Roman Catholic Church directly in the line of fire if things turn ugly and violent in the EU.

Having "taken a side" with the overbearing EU bureaucrats, the RCC will be unable to provide any neutral voice when turmoil engulfs Europe, Nationalism returns, and angry citizens are looking for someone/something to punish for their woes.

A very bad decision I think.

26 posted on 10/24/2011 8:33:48 AM PDT by Col Freeper (FR is a smorgasbord of Conservative thoughts and ideas - dig in and enjoy it to its fullest!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

“All the socialists of the world unite!”
Really? If the Vatican is really putting forth this idea, that is rather scary.


27 posted on 10/24/2011 8:35:25 AM PDT by TheDon (The Democrat Party, the party of the KKK (tm))
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

That no man, rich or poor, free or bond, may buy or sell save he that has the mark...


28 posted on 10/24/2011 8:36:26 AM PDT by null and void (Day 1006 of America's holiday from reality...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RexBeach

Yes, of course. My bad. Thank you.


29 posted on 10/24/2011 8:37:49 AM PDT by Obadiah (I am an official program sponsor of The Mitt Busters.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: edpc

The Vatican needs to clean up it’s own mess of pedophiles, and Lesbian nuns, and leave financing the world to the politicians.


30 posted on 10/24/2011 8:38:02 AM PDT by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc; narses

Read the story.

Drudge shows the Pope in formal robes at the top of his page, as if this was a papal proclamation.

No, it’s a document from the “Justice and Peace” department.

Unfortunately the Vatican still has a few nutballs in it, like any other government, and Justice and Peace is obviously one of their headquarters.

This does NOT have the Pope’s stamp of approval on it. Still less is it official Catholic doctrine.

Unfortunately the same leftist Catholic-bashers who constantly attack the Church are now suddenly pretending that they approve of it, and are holding this up as some sort of official statement on behalf of the Church.

It is not.


31 posted on 10/24/2011 8:39:01 AM PDT by Cicero (Marcus Tullius.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc; NYer; Salvation; marshmallow
First, this is Reuters. They're intentionally exaggerating the significance of this Big Time.

Second, Cardinal Turkson is not the 'Vatican'. He is the head of the Vatican’s justice and peace office. The justice and peace office is responsible for promoting the church’s social teachings on justice issues, such as war, the death penalty and human rights. This kind of statement or 'call' is what that department does, thinking it is peace. Not.

Look for a clarification from the Church, the Vatican, to put the Cardinal's 'call' into proper context.

32 posted on 10/24/2011 8:40:39 AM PDT by Servant of the Cross (the Truth will set you free)
[ Post Reply | Private Reply | To 1 | View Replies]


33 posted on 10/24/2011 8:42:50 AM PDT by evets (beer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

This proposal is really not new. Benedict XVI proposed the same idea in his encyclical, Caritas in Veritate.

One can understand this idea as trying to answer the question, “Quis custodet custodes?” (”Who will supervise the supervisors?”).

If the past 15 years have seen widespread examples of selfishness and foolishness and short-sightedness by Wall Street, US Govt (see Freddy, Fannie, Sally, Barney, etc), European banks, etc., then what solution can be crafted both to improve the present situation and to avoid a recurrence?


34 posted on 10/24/2011 8:43:40 AM PDT by Remole
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc

Happy Anniverary, You SOB VATFATCAT hypocrites!!

Vatican Bank mired in laundering scandal
Updated 12/12/2010 4:01 PM

http://www.usatoday.com/news/world/2010-12-11-vatican-bank_N.htm

VATICAN CITY (AP) — This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.
Nevertheless, the Institute for Religious Works is a bank, and it is under harsh new scrutiny in a case involving money-laundering allegations that led police to seize $30 million in Vatican assets in September. Critics say the case shows that the “Vatican Bank” has never shed its penchant for secrecy and scandal.

Get behind me, Satan!!


35 posted on 10/24/2011 8:43:44 AM PDT by bunkerhill7
[ Post Reply | Private Reply | To 1 | View Replies]

To: Servant of the Cross; Cicero

So you mean that when Janet Napolitano says the southern border is the most secure it’s ever been, that is not the official policy of the 0bama regime?

Works the same way. When your official organ speaks, you speak. The average guy won’t see the difference and neither will I.


36 posted on 10/24/2011 8:44:02 AM PDT by henkster (Socialists and liberals all want jobs; they just don't want to work.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: edpc
Yep. A "global authority" ... because "global authorities" always work so well. Why, just look at the UN! /s

As always, the opinions of Vatican congregations on specific political / economic remedies to problems are ... opinions.

37 posted on 10/24/2011 8:47:15 AM PDT by Campion ("Fallacies do not cease to be fallacies when they become fashions." -- GKC)
[ Post Reply | Private Reply | To 1 | View Replies]

To: utahagen

You’ve got to see this facilitating (i.e. cheerleading) the New World Order, a global arrangement very pleasing to Lucifer (he’s been waiting a long time). This could not have occurred prior to Vatican II.


38 posted on 10/24/2011 8:49:22 AM PDT by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
[ Post Reply | Private Reply | To 4 | View Replies]

To: edpc

I wish the Vatican had made some attempt to recognize that our present problems are largely, though not entirely, the result of an abandonment of the market rather than its idolatry. The high-flyers were not playing with their own money.

Essentially they were told they could speculate with funds implicitly or explicitly guaranteed by the government. They got to keep any gains, and the gov would cover them for any losses. If somebody gave you $1M on that basis and sent you off to Vegas, how free would you be with the betting?

That said, the Church has never been a fan of unfettered capitalism. For a very long time it prohibited interest and other processes essential to capitalism, forcing businessmen to develop work-arounds similar to those Muslims now use.

I would also like to point out that the free market is amoral, in roughly the same way science is. The free market is a proven way of efficiently allocating resources, just as the scientific method is a proven way of acquiring (certain types of) knowledge.

Neither, in and of itself, has any moral content whatsoever. That has to be brought in from outside the market or the scientific method either by the morality of the participants or imposed by authority.

It is interesting, also, that the free market cannot survive long without this externally imposed morality.


39 posted on 10/24/2011 8:49:45 AM PDT by Sherman Logan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Da Coyote
It appears that - no matter what the religion - an “education” in that religion completely negates any ability in economics.

This is worse than mere ignorance. By calling for a new, anti-democratic, global banking authority, the Vatican Justice and Peace department is now working for the bankster elite.

40 posted on 10/24/2011 8:50:36 AM PDT by mas cerveza por favor
[ Post Reply | Private Reply | To 9 | View Replies]

To: henkster

This is different...it’s relative to who you hate or like.


41 posted on 10/24/2011 8:51:42 AM PDT by stuartcr ("Everything happens as God wants it to...otherwise, things would be different.")
[ Post Reply | Private Reply | To 36 | View Replies]

To: Remole
If the past 15 years have seen widespread examples of selfishness and foolishness and short-sightedness by Wall Street, US Govt (see Freddy, Fannie, Sally, Barney, etc), European banks, etc., then what solution can be crafted both to improve the present situation and to avoid a recurrence?

You will always have that because of sin. Putting everything under one umbrella is dangerous and demonic.

42 posted on 10/24/2011 8:51:44 AM PDT by dragonblustar (Allah Ain't So Akbar!)
[ Post Reply | Private Reply | To 34 | View Replies]

To: edpc

This is not teaching on the subject of faith or morals, therefore subject to error.


43 posted on 10/24/2011 8:52:17 AM PDT by ChinaGotTheGoodsOnClinton (Go Egypt on 0bama)
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #44 Removed by Moderator

To: Lurker

Exactly. And of course this “Justice and Peace” department is made up of nothing but the raving, often Third-World leftists who ruined the Church in Latin America with their “Liberation Theology” garbage decades ago.

Bit by bit, some of the latter group has either aged out or been removed, but I see the bureacracy has thoughtfully provided them a home in Rome.


45 posted on 10/24/2011 8:53:35 AM PDT by livius
[ Post Reply | Private Reply | To 20 | View Replies]

To: steve86

Why does Lucifer like the new world order, and how did you get this info?


46 posted on 10/24/2011 8:54:30 AM PDT by stuartcr ("Everything happens as God wants it to...otherwise, things would be different.")
[ Post Reply | Private Reply | To 38 | View Replies]

To: narses

Narses, what do you make of this?


47 posted on 10/24/2011 8:56:15 AM PDT by little jeremiah (We will have to go through hell to get out of hell.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Servant of the Cross
Look for a clarification from the Church, the Vatican, to put the Cardinal's 'call' into proper context.

What would you suggest is the proper interval to wait before concluding the Church gives its tacit approval? A day, a week, a millennium?

48 posted on 10/24/2011 8:57:39 AM PDT by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
[ Post Reply | Private Reply | To 32 | View Replies]

To: edpc

Wow, the Pope just pulled a Fonzie and jumped a really really big shark.


49 posted on 10/24/2011 8:58:53 AM PDT by montyspython (This thread needs more cowbell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lurker

“...The document from the Vatican’s Justice and Peace department ...”

Holy Cow!! When did Dennis Kucinich become Pope????!?!?!?!
Was I asleep or what?


50 posted on 10/24/2011 9:01:30 AM PDT by NFHale (The Second Amendment - By Any Means Necessary.)
[ Post Reply | Private Reply | To 20 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-109 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson