Skip to comments.Vatican Calls For Global Authority On Economy, Raps “Idolatry Of The Market”
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of a global public authority and a central world bank to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.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 Vaticans 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 ...
Shut up and sing.
The Vatican bank is a stinking cesspool of corruption and they’re going to tell us how to run the world’s finances?
Ditto. (By the way, I’m a practicing Catholic.)
Reeks of ‘New World Order’. No thanks.
Same here,and I'm a practicing Catholic too.
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.
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.
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.)
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.
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.
The Vatican should just stick to “saving” people’s souls.
What happened to give to Ceasar what is Ceasar’s and give to God what is God’s?
Shouldn’t a prayer to Saint Matthew (Patron Saint of banking) be all that is required?
Globalist is as globalist does.
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.
“Revelation.” :) Couldn’t help it, Obadiah.
Ladies and gentlemen I present to you in a nutshell the problem with the Catholic Church.
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.
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...
Ha! That would make a great tag line.
Someone please tell Pope Benedict that Jesus reformed the tax collectors; he didn’t join them.
Maybe the Vatican’s “Peace and Justice Department” should take a moment and reflect on the idolatry of global dictatorship.
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.
“All the socialists of the world unite!”
Really? If the Vatican is really putting forth this idea, that is rather scary.
That no man, rich or poor, free or bond, may buy or sell save he that has the mark...
Yes, of course. My bad. Thank you.
The Vatican needs to clean up it’s own mess of pedophiles, and Lesbian nuns, and leave financing the world to the politicians.
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.
Second, Cardinal Turkson is not the 'Vatican'. He is the head of the Vaticans justice and peace office. The justice and peace office is responsible for promoting the churchs 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.
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?
Happy Anniverary, You SOB VATFATCAT hypocrites!!
Vatican Bank mired in laundering scandal
Updated 12/12/2010 4:01 PM
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!!
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.
As always, the opinions of Vatican congregations on specific political / economic remedies to problems are ... opinions.
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.
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.
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.
This is different...it’s relative to who you hate or like.
You will always have that because of sin. Putting everything under one umbrella is dangerous and demonic.
This is not teaching on the subject of faith or morals, therefore subject to error.
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.
Why does Lucifer like the new world order, and how did you get this info?
Narses, what do you make of this?
What would you suggest is the proper interval to wait before concluding the Church gives its tacit approval? A day, a week, a millennium?
Wow, the Pope just pulled a Fonzie and jumped a really really big shark.
“...The document from the Vaticans Justice and Peace department ...”
Holy Cow!! When did Dennis Kucinich become Pope????!?!?!?!
Was I asleep or what?