Posted on 03/03/2009 9:48:41 AM PST by GonzoII
As the 16-month-old disintegration of the post-World War II financial system seems to be accelerating to a climax, Pope Benedict XVI is preparing a major papal encyclical outlining the principles behind a just and stable economy
(Excerpt) Read more at insidethevatican.com ...
That is something to look forward to. The vacuous financial press and ivory tower has left quite a gap...
The link below will take you to a somewhat lengthy piece by Paul Craig Roberts (a former Treasury official).
It is NOT an easy read: Economics is called the dismal science for good reason. That’s especially true of the cockamamie, voodoo economics birthed by the gang now infesting Washington, Wall Street and the corporate suites of this country.
It is NOT a FUN read: Reading what could be America’s obituary could only be amusing to the criminally deranged.
Roberts hits all the notes in this piece — INCLUDING a common-sense, no cost solution to the current mess.
Let me hasten to say that I have been skeptical of the FREE TRADE crowd for some time. I understand the belief of some that if GOODS don’t freely cross borders, TROOPS WILL. I also understand that if America continues down this suicidal path of goods crossing OUR borders INBOUND while our MANUFACTURING and JOBS pass them on the way OUT, troops WILL soon be crossing our border – joining those goods INBOUND — in an INVASION after we have pissed away our ability to produce the materiel with which we might have repelled it.
As an UNABASHED AMERICA FIRSTER, I favor a nationalistic/patriotically based FAIR TRADE of the sort the mega-corporations threw under the bus decades ago. That attitude was typified years ago in a comment made by Walter Wriston, former head of CITICORP (GEE, THERE’S A NAME IN THE NEWS!) when he was chided for loaning to — thereby PROPPING UP — some of the most brutal and murderous communist (and non-communist) regimes on the planet:
“The form of government in these nations is of no concern to us. All that matters is CAN THEY PAY THEIR BILLS?”
That Walter was a real humanitarian, wasn’t he?
To far too many of these corporate heads and globalist politicians, the place called America is simply the name of a particular land mass on planet earth. The IDEA of America is about as important to them as was Wriston’s concern that his “loans” (most of which were — unbeknownst to them — underwritten by American taxpayers) were enabling tyrants to butcher countless millions of their citizens.
That America will someday disappear into some one-world miasma doesn’t bother them in the least.
I HOPE it bothers you. I pray that it bothers most those of you with children and grandchildren. When once asked if his interventionist and inflationary policies wouldn’t, in the end, destroy the nation, John Maynard Keynes responded that “In the end, we’ll all be dead.”
I hope this piece bothers you to the point of sharing it with others and prompts you to speak out in opposition to the continuation of America’s further decline and, eventually, our demise.
Please remember that, so far at least, YOU ARE NOT POWERLESS TO AFFECT THE OUTCOME OF THIS STRUGGLE.
Start raising hell with your elected representatives — at all levels — until they begin to get their minds right on this issue.
http://informationclearinghouse.info/article22087.htm
Look, Benny, excommunicate the abortion supporting Catholic polititians (just start with Pelosi and Biden) and we will listen to you on the economy. K?
Qien es “Benny” Juanito?
Whoa get ready for the Catholic artillery pal!
"Seek ye first the Kingdom of God, and His righteousness, and all these things will be given to you besides ..." (Mt 6:33)
Christians of every nation, if you want prosperity and peace, start by ending the terrorism in the womb and the wanton murder of God's most innocent and beloved children. Abortion isn't freedom. Abortion is the enemy of freedom, the enemy of love, the enemy of peace.
(Here endeth the lesson.)
I’ve not been impressed with previous Vatican economic pronouncements.
Nihil Obstat
GonzoII, DD. RR. JJ. DE. etc. etc...
Imprimatur
See above
In my life, most Papal and other Catholic Church pronouncements of economic matters have been fairly simple minded. If Benedict XVI reads a bit of Ronald Reagan before he completes his first rough draft, he may break with that simple minded tradition. I don’t believe freedom and capitalism are incompatible with the New Testament.
Ping
Neither does the Church. The Holy Father has in the past made the point that the freedoms inherent in the free market come with responsibility. I expect he will decry materialism, consumerism and greed.
Again, nothing here is incompatible with the New Testament.
Catholic Ping
Please freepmail me if you want on/off this list
Will anyone listen? I anticipate the usual Freeper chorus of STFU and "the Pope is a socialist" whenever he dares to question American......*cough*......."values".
Again, nothing here is incompatible with the New Testament.
1Tm:3:8: Likewise must the deacons be grave, not doubletongued, not given to much wine, not greedy of filthy lucre;
1Tm:6:9: But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.
1Tm:6:10: For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
Pope Benny is a smart man, but PJP (FKA Cardinal Woj) was better.
Listen up Chlamydia, calling the Pope “Benny” is insulting to all Catholics.
No more than calling William of Orange “King Billy” is to Ulstermen (they use it themselves). Its a term of endearment.
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.