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Pope Francis calls out 'greedy' bankers: 'Stop getting rich on financial speculation!'
Russia Today ^ | June 17, 2014

Posted on 06/17/2014 8:54:12 AM PDT by Gamecock

Pope Francis has called on "greedy" bankers to establish a stricter ethics code, and stop getting rich through financial market speculation. He attacked the practice of hedging as ‘intolerable’ equating it to stealing food from the poor.

"It is increasingly intolerable that financial markets are shaping the destiny of peoples rather than serving their needs, or that the few derive immense wealth from financial speculation while the many are deeply burdened by the consequences," Pope Francis said at an investors ethics’ seminar at the Vatican on Monday.

Specifically, the pope denounced the practice of betting on the price of commodities such as corn, meat, and rice, which can drive up food prices and trigger periods of starvation in parts of the worlds.

"Speculation on food prices is a scandal which seriously compromises access to food on the part of the poorest members of our human family," he said.

This Pope called for an end to this “scandal” and said that finance institutions should serve the interests of all mankind, and not just wealthy and privileged individuals.

Pope Francis has been more vocal than any other Pope on the modern superstructure of wealth, which in his first major published work as a Pope, The Joy of the Gospel, he slammed as a “new tyranny” and called on the rich to share their wealth. In the same speech he equated not sharing wealth with the poor to stealing.


TOPICS: News/Current Events; Russia
KEYWORDS: occutardation; popefrancis; putinsbuttboys; romancatholicism; russia; russiatoday
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To: Gamecock

The working man’s real wages in this country have been frozen since the 70s. The extremely rich keep getting richer while the middle class keeps struggling and losing ground. It’s not Marxism, it’s populist conservatism to question some of the excesses of Capitalism. Where’s my bailout? I voted for Pat Buchanan in 2000, and if Ross Perot were Pro-Life, I would have voted for him. I’m sick of the ridiculous rise in gas prices the past few years. If people can call the Pope a Marxist, I can call some of the oil executives greed heads.


41 posted on 06/17/2014 9:27:18 AM PDT by MDLION ("Trust in the Lord with all your heart" -Proverbs 3:5)
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To: Revel

Amen, Revel, Amen!


42 posted on 06/17/2014 9:29:47 AM PDT by MDLION ("Trust in the Lord with all your heart" -Proverbs 3:5)
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To: Gamecock
Pope Francis has called on "greedy" bankers to establish a stricter ethics code, and stop getting rich through financial market speculation. He attacked the practice of hedging as ‘intolerable’ equating it to stealing food from the poor. "It is increasingly intolerable that financial markets are shaping the destiny of peoples rather than serving their needs, or that the few derive immense wealth from financial speculation while the many are deeply burdened by the consequences," Pope Francis said at an investors ethics’ seminar at the Vatican on Monday.

Specifically, the pope denounced the practice of betting on the price of commodities such as corn, meat, and rice, which can drive up food prices and trigger periods of starvation in parts of the worlds. "Speculation on food prices is a scandal which seriously compromises access to food on the part of the poorest members of our human family," he said. This Pope called for an end to this “scandal” and said that finance institutions should serve the interests of all mankind, and not just wealthy and privileged individuals.

IB4TPWMA

43 posted on 06/17/2014 9:37:34 AM PDT by Alex Murphy ("the defacto Leader of the FR Calvinist Protestant Brigades")
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To: E. Pluribus Unum

Don’t you know that a lot of priests do spend time in the world and in careers before they enter the seminary? The things I described the priest as doing, they’re not in the “real world”? My schedule is set. The priest has to be ready for emergencies 24/7. It’s not living in the “real world” dealing with suffering, death, and other people’s problems? Maybe we’re the ones who don’t see much of the “real world”. Now insult me again, it suits you.


44 posted on 06/17/2014 9:41:00 AM PDT by MDLION ("Trust in the Lord with all your heart" -Proverbs 3:5)
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To: St_Thomas_Aquinas
Sounds like it. But political communism begins with the barrel of a gun. The Apostles were “communists,” sharing what they had. But they weren’t beating people over the head.

Boy you have that wrong.

They were not communists, they were Christians.

Christians do things by choice, because God has changed their hearts.

Communists do things by force, and except in theory, it does not provide equal outcomes. Those in positions of power are well taken care of. Everyone else are paupers.
45 posted on 06/17/2014 9:41:24 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: Gamecock

What an idiot. Catholics need to start denouncing him and demanding his resignation. Who needs Vladimir Lenin with this Commie douche?


46 posted on 06/17/2014 9:43:31 AM PDT by montag813
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To: Jeff Chandler
I didn't see that the quote of the parable I posted didn't complete the story. Sorry.

Here it is -- where God tells the rich fool that he will die that night....so much for being greedy.

 

Luke, chapter 12

  |   



View all books of the Bible

CHAPTER 12

Saying against Greed.

13* Someone in the crowd said to him, “Teacher, tell my brother to share the inheritance with me.”

14He replied to him, “Friend, who appointed me as your judge and arbitrator?”h

15Then he said to the crowd, “Take care to guard against all greed, for though one may be rich, one’s life does not consist of possessions.”i

Parable of the Rich Fool.

16Then he told them a parable. “There was a rich man whose land produced a bountiful harvest.

17He asked himself, ‘What shall I do, for I do not have space to store my harvest?’

18And he said, ‘This is what I shall do: I shall tear down my barns and build larger ones. There I shall store all my grain and other goods

19j and I shall say to myself, “Now as for you, you have so many good things stored up for many years, rest, eat, drink, be merry!”’k

20But God said to him, ‘You fool, this night your life will be demanded of you; and the things you have prepared, to whom will they belong?’

21Thus will it be for the one who stores up treasure for himself but is not rich in what matters to God.”*

 


47 posted on 06/17/2014 9:47:09 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: Gamecock

Like it or not, our next POTUS will get elected pretty much on the same platform.


48 posted on 06/17/2014 9:50:41 AM PDT by Buckeye McFrog
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To: Gamecock

This, from one of the world’s richest organization, the Catholic Church. It’s wealth is impossible to even calculate.


49 posted on 06/17/2014 9:52:28 AM PDT by CodeToad (Arm Up! They Are!)
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To: Salvation

And yet not once did Jesus deal with Financial Institutions or governments.

His message was to the individual.


50 posted on 06/17/2014 9:54:48 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: Gamecock

If he is so concerned about the poor maybe he should sell some of the vast real estate holdings of the church. Maybe he should curb some of the opulence over in Rome. Maybe he should ask that cardinal from Boston to downsize his residence and use that money for the poor.


51 posted on 06/17/2014 9:59:40 AM PDT by ladyjane
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To: Gamecock
financial market speculation

Frank has not read YHvH's WORD.

He is painfully ignorant of Matthew 25.

shalom b'SHEM Yah'shua HaMashiach
52 posted on 06/17/2014 10:01:14 AM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your teaching is my delight.)
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To: SoConPubbie

Oh, really.

He dealt with the Pharisees all the time.

Remember how he dodged one of their questions?

“Render unto Caesar what is Caesar’s and render unto God what is God’s”


53 posted on 06/17/2014 10:01:21 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: SoConPubbie

Oh, really.

Was not Matthew a tax collector? And for the Roman government too.


54 posted on 06/17/2014 10:02:05 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: SoConPubbie

And what about Jesus telling Peter to go hook a fish and in its mouth he would find two coins.

One for him and one for Peter to pay the temple tax.

Do you read the Bible? Then you would know these things.


55 posted on 06/17/2014 10:04:18 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: Revel
And they are not doing any work- Anything productive for society.

Do you realize what this country and this world would look like without the existence of business operations referred to as capital formation?

There would be only poverty.

That's what banks do and that's what Wall St does. They create the foundation which provides companies and individuals the opportunity to borrow, lend, and invest. Without such foundation, we would be living in the stone age.

56 posted on 06/17/2014 10:07:08 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: Gamecock

yeah Papa... right after the Vatican Bank gets it’s ducks in a row. (talking to the man sitting on the golden throne)


57 posted on 06/17/2014 10:07:33 AM PDT by Dick Vomer (democrats are like flies, whatever they don't eat they sh#t on.)
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To: Gamecock
It's The Money Power!!! (That's the REAL POWER behind this here Communism!)

At least a certain kind of right wing Catholic will welcome this statement as a breath of fresh air.

58 posted on 06/17/2014 10:11:56 AM PDT by Zionist Conspirator (The Left: speaking power to truth since Shevirat HaKelim.)
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To: Salvation
And what about Jesus telling Peter to go hook a fish and in its mouth he would find two coins.

One for him and one for Peter to pay the temple tax.

Do you read the Bible? Then you would know these things.


And where in that scripture do you find Jesus commanding either a financial institution or a Government to behave a certain way?

Once again, Jesus is talking to the individual, NOT the financial institution or Government.
59 posted on 06/17/2014 10:17:49 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: Salvation
Please review citation # 52 above
shalom b'SHEM Yah'shua HaMashiach

60 posted on 06/17/2014 10:23:41 AM PDT by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your teaching is my delight.)
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