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Vatican Calls for 'Central World Bank' to Be Set Up
CNBC ^ | 10/24/2011

Posted on 10/24/2011 9:35:53 AM PDT by SeekAndFind

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of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.

A major document from the Vatican's Justice and Peace department should be music to the ears of the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn.

The 18-page document, "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 behaviors 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.

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


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: vatican; worldbank
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1 posted on 10/24/2011 9:35:59 AM PDT by SeekAndFind
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To: SeekAndFind

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of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.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

Catholics! What is the deal with your church.

You seem intent on building the Antichrist’s playhouse for him!


2 posted on 10/24/2011 9:39:26 AM PDT by PetroniusMaximus
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To: SeekAndFind

Tell “The Vatican” to STFU and mind it’s own business.


3 posted on 10/24/2011 9:39:50 AM PDT by Go Gordon
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To: SeekAndFind

Mark of the Beast, law of the land...pretty cool. </s>


4 posted on 10/24/2011 9:40:35 AM PDT by struggle
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To: SeekAndFind

Who didn’t see this coming?.............


5 posted on 10/24/2011 9:42:19 AM PDT by Red Badger (Obama's number one economics advisor must be a Magic Eight Ball.................)
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To: SeekAndFind

I call for everyone in the world to give me all their money for safekeeping. They won’t have to have all that “dirty money” then. I’ll be doing them a service. /sarc

(That makes about as much sense).

Enough with the new world order, it’s getting nauseating.


6 posted on 10/24/2011 9:42:32 AM PDT by PieterCasparzen (We need to fix things ourselves)
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To: PetroniusMaximus; struggle

The fig tree is budding..........


7 posted on 10/24/2011 9:43:10 AM PDT by Red Badger (Obama's number one economics advisor must be a Magic Eight Ball.................)
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To: PetroniusMaximus

One question -— has this been approved by Pope Benedict?


8 posted on 10/24/2011 9:44:10 AM PDT by SeekAndFind (u)
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To: SeekAndFind
A Fed for the world.

What a great idea.

9 posted on 10/24/2011 9:44:53 AM PDT by E. Pluribus Unum ("Government does not solve problems; it subsidizes them." --Ronald Reagan)
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To: SeekAndFind

One word to the Vatican: NO!


10 posted on 10/24/2011 9:45:08 AM PDT by Buddygirl
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To: SeekAndFind
A Fed for the world.

What a great idea.

11 posted on 10/24/2011 9:45:08 AM PDT by E. Pluribus Unum ("Government does not solve problems; it subsidizes them." --Ronald Reagan)
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To: SeekAndFind
We already have several ... e.g. the World Bank, the Bank of International Settlements, and the International Monetary Fund ... and they are all colossal money-wasting economic disasters ... that have inflicted enormous pain and bondage on billions of people!
12 posted on 10/24/2011 9:45:32 AM PDT by Zakeet (If it ain't broke, the Wee Wee will fix it until it is)
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To: PieterCasparzen

RE: I call for everyone in the world to give me all their money for safekeeping

And where do you plan to store all that paper? :)


13 posted on 10/24/2011 9:47:20 AM PDT by SeekAndFind (u)
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Do You Want FR To Survive?


Click The Starving Forum Skeleton To Donate

Then Support Your Forum

14 posted on 10/24/2011 9:47:46 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: SeekAndFind
The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule....

Easy to say when you don't believe that the Word of God (Bible) is definitive, rather whatever comes out of the Papacy becomes "The Word".

15 posted on 10/24/2011 9:48:00 AM PDT by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
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To: SeekAndFind
One question -— has this been approved by Pope Benedict?

A very good question. The Vatican is populated with pompous, arrogant, self-righteous types who have been known to leak things to the world as dogma which have never gained top-level approval.

Historically their problem though has been that when this happens they circle the wagons to try and prevent embarrassment instead of just coming out and walking it back.
16 posted on 10/24/2011 9:49:28 AM PDT by Buckeye McFrog
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To: PetroniusMaximus
Catholics! What is the deal with your church.

Individual Catholics can be fine, the Catholic leadership in the Vatican on the other hand are awful, mostly leftist, one-world types who operate entirely out of emotion rather than logic. Sounds like the Catholic church is now throwing in with the occupypublicparks crowd.

17 posted on 10/24/2011 9:50:10 AM PDT by Longbow1969
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To: SeekAndFind
So what will the purpose of this super world bank be? Fight inflation? Ensure a reasonable money supply? No, its to fight “selfishness, collective greed and hoarding of goods on a great scale,”, and to promote an “ethic of solidarity among rich and poor nations,” and to find solutions to “injustice.” The Catholic Church is advocating world Communism. This is pretty breath-taking, even for the Vatican.
18 posted on 10/24/2011 9:50:24 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: SeekAndFind

Since this is NOT teaching on faith or morals this is subject to error.


19 posted on 10/24/2011 9:50:32 AM PDT by ChinaGotTheGoodsOnClinton (Go Egypt on 0bama)
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To: SeekAndFind

Gee, they might want to read the prophecy parts of the Bible and figure out how wonderful this idea really is....NOT!


20 posted on 10/24/2011 9:51:45 AM PDT by Lady Heron
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