Vatican calls for global authority on economy, raps “idolatry of the market”

http://www.reuters.com/article/2011/10/24/idUS264245887020111024

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of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.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.

It condemned what it called “the idolatry of the market” as well as a “neo-liberal thinking” that it said looked exclusively at technical solutions to economic problems. “In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale,” it said, adding that world economics needed an “ethic of solidarity” among rich and poor nations.

“If no solutions are found to the various forms of injustice, the negative effects that will follow on the social, political and economic level will be destined to create a climate of growing hostility and even violence, and ultimately undermine the very foundations of democratic institutions, even the ones considered most solid,” it said.

It called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions.

Asked at a news conference if the document could become a manifesto for the movement of the “indignant ones”, who have criticised global economic policies, Cardinal Peter Turkson, head of the Vatican’s Justice and Peace department, said: “The people on Wall Street need to sit down and go through a process of discernment and see whether their role managing the finances of the world is actually serving the interests of humanity and the common good. “We are calling for all these bodies and organisations to sit down and do a little bit of re-thinking.”

Read the full story here>>> http://uk.reuters.com/article/2011/10/24/vatican-economy-idUKL5E7LO1LS20111024

quote:

The Vatican called on Monday for the establishment of a “global public
authority” and a “central world bank” to rule over financial

thanks Clark..

Been expecting this, but the question I have had is:

DOES THE POPE actually have any REAL Authority in a CENTRAL WORLD BANK? or is he just PUTTING his approval on it.

For that makes a difference to me as to whether or NOT he would be a HORN on the prophets head: ie pushing a congregation of people into the beast system, NWO

or actually a LEADER in the building of the HARLOT?

blessings donna

Good question, for now it just seems he's putting his approval on it but I'm only saying that as an opinion. What struck me as kind of funny is WHY he would want this besides his usual talking point "greed and idolatry in the market." That's weak as though a world bank would prevent greed and idolatry in the market place. If anything it will add to it.

So makes me think he is for the economic downfall of capitalism and in favor global socialism where the government leaders only have wealth, or even a nice house, and we all scatter for the economic crumbs.

quote:

his usual talking point "greed and idolatry in the market." That's weak
as though a world bank would prevent greed and idolatry in the market
place. If anything it will add to it.

exactly Clark I agree, and that is what the HARLOT is about greed and vanity.

quote:

So makes me think he is for the
economic downfall of capitalism and in favor global socialism where the
government leaders only have wealth, or even a nice house, and we all
scatter for the economic crumbs.

Can you imagine the amount of people he would influence to accept ttis idea of the NWO.. wow

and yeah, from socialism to communism..

Thanks Clark.

Good find, thanks!