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I 'know' that is ewhat your church believes, and by leaving out the PREVIOUS verse someone could be fooled into accepting it.

There is no slight of hand here in my responses. I am not selectively quoting anything. On the contrary, I am attempting to quote Scripture in its proper context. We just disagree on what constitutes the proper context of interpretation. But let's take a look at that passage, because I am not dodging its context. In fact, looking at that passage in context validates the Catholic interpretation.

Matthew 16: 13-17

13When Jesus came to the region of Caesarea Philippi, he asked his disciples, "Who do people say the Son of Man is?"
14They replied, "Some say John the Baptist; others say Elijah; and still others, Jeremiah or one of the prophets."

15"But what about you?" he asked. "Who do you say I am?"

16Simon Peter answered, "You are the Christ,[b] the Son of the living God."

17Jesus replied, "Blessed are you, Simon son of Jonah, for this was not revealed to you by man, but by my Father in heaven. 18And I tell you that you are Peter,[c] and on this rock I will build my church, and the gates of Hades[d] will not overcome it.[e] 19I will give you the keys of the kingdom of heaven; whatever you bind on earth will be[f] bound in heaven, and whatever you loose on earth will be[g] loosed in heaven." 20Then he warned his disciples not to tell anyone that he was the Christ.

Looking at this passage in context, we can see plainly and clearly that, by referencing Peter's name, which means "rock," he says that He will make Peter the rock or foundation of His Church. While Protestants may claim there may be ambiguity regarding who is referred to by "this rock," the ambiguity is resolved in the subsequent passage, where Christ clearly gives Peter the keys to the Kingdom -- an obvious gesture by which Our Lord passed along His authority to Peter.

Looking at this passage in context, we can see plainly and clearly that, by referencing Peter's name, which means "rock," he says that He will make Peter the rock or foundation of His Church.

No, we can't see 'clearly' what you see.

Is Peter the 'FOUNDATION' of the Church?

NIV Matthew 16:13-18
13. When Jesus came to the region of Caesarea Philippi, he asked his disciples, "Who do people say the Son of Man is?"
14. They replied, "Some say John the Baptist; others say Elijah; and still others, Jeremiah or one of the prophets."
15. "But what about you?" he asked. "Who do you say I am?"
16. Simon Peter answered, "You are the Christ, the Son of the living God."
17. Jesus replied, "Blessed are you, Simon son of Jonah, for this was not revealed to you by man, but by my Father in heaven.
18. And I tell you that you are Peter, and on this rock I will build my church, and the gates of Hades will not overcome it.

19. I will give you the keys of the kingdom of heaven; whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven."