**Italian Finance Minister Giulio Tremonti said November 20 that the Pope was the first to predict the crisis in the global financial system, referring to a prophecy in a paper Benedict wrote when he was a cardinal. Cardinal Joseph Ratzinger became Pope Benedict in April 2005
Ratzinger in 1985 presented a paper entitled Market Economy and Ethics at a Rome event dedicated to the Church and the economy. He said a decline in ethics can actually cause the laws of the market to collapse.**
Pope Benedict is no stranger to economics.
1 posted on
07/07/2009 11:16:16 PM PDT by
Salvation
To: All; Religion Moderator
2 posted on
07/07/2009 11:17:40 PM PDT by
Salvation
(With God all things are possible.)
To: Salvation
Bottom line: market economies must be guided by moral and ethical decisions. Same thing said by every pope since Leo XIII and proven by all of written history - every government, including republics, that has succumbed to corruption has fallen.
8 posted on
07/08/2009 5:07:56 AM PDT by
Desdemona
(Tolerance of grave evil is NOT a Christian virtue. http://www.thekingsmen.us/)
To: Salvation
Oh I'm quite certain the man means well ....
9 posted on
07/08/2009 6:14:45 AM PDT by
investigateworld
( For a perfect example of Rule 13, visit any Free Trade thread)
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