Posted on 06/17/2014 8:54:12 AM PDT by Gamecock
Pope Francis has called on "greedy" bankers to establish a stricter ethics code, and stop getting rich through financial market speculation. He attacked the practice of hedging as ‘intolerable’ equating it to stealing food from the poor.
"It is increasingly intolerable that financial markets are shaping the destiny of peoples rather than serving their needs, or that the few derive immense wealth from financial speculation while the many are deeply burdened by the consequences," Pope Francis said at an investors ethics’ seminar at the Vatican on Monday.
Specifically, the pope denounced the practice of betting on the price of commodities such as corn, meat, and rice, which can drive up food prices and trigger periods of starvation in parts of the worlds.
"Speculation on food prices is a scandal which seriously compromises access to food on the part of the poorest members of our human family," he said.
This Pope called for an end to this “scandal” and said that finance institutions should serve the interests of all mankind, and not just wealthy and privileged individuals.
Pope Francis has been more vocal than any other Pope on the modern superstructure of wealth, which in his first major published work as a Pope, The Joy of the Gospel, he slammed as a “new tyranny” and called on the rich to share their wealth. In the same speech he equated not sharing wealth with the poor to stealing.
Should be followed by "Pope Francis has called on "greedy" politicians to establish a stricter ethics code, and stop getting rich through self serving legislation and non-stop campaign donations (bribes)"
And Frank’s interpretation is give all your money to the government.
If you’re supplying too much value to the people of the world: STOP!
The Pope thinks you’re evil.
RE: ‘Stop getting rich on financial speculation!’
Let’s do away with the FUTURES markets while we’re at it.
I have become more and more disappointed with Pope Francis. He considers his job to be saying things that the liberal media will like and not defending the principles of Catholic teaching.
He sees his job as speaking in front of camera and he considers his constituency the media types who despise Catholic principles and who also despise the Catholic families who are struggling to raise children in and increasingly decadent and immoral world.
It is the faithful Catholics who struggle to live their faith and who sacrifice to support the church who give Pope Francis all his money and his power. He ignores them and tries to gain celebrity status and liberal points with a media who hate everything about the Catholic Church and who want to see it destroyed.
The dude’s a commie. I’m done.
“Priests have never actually earned their own money”
What does that mean? One doesn’t go into the priesthood for money, but don’t they earn their small salary in going to the hospital at 3 in the morning for a sick call, or in counseling parishioners, or in decisions about parish finances, etc, etc, etc?
I am sure there are going to be so many comments about how this is anti capitalism...Blah blah. People have not got a clue what a fraudulent scam the bankers have going now. These are not your fathers banks. They a skimming off the top of everything now. They get richer in months than you could ever hope for after a lifetime of hard work. And They are not doing any work- Anything productive for society. They just shuffle the money from one hand to another and take a big cut. On top of that they actually do break countless laws and are immune from prosecution. Even the USSC just ruled that they can commit fraud in a sale to you and it is your fault for not paying better attention.
This parable has absolutely nothing to do with how the commodities market operates. In fact, the rich man in the parable is doing the opposite. He is storing his wealth, rather than reinvesting.
Out modern economic system has brought wealth and prosperity to untold millions to a degree unheard of in all of history. The statist, Marxist, top-down central control of markets espoused by Pope Francis has brought nothing but death an misery to the world.
Do not confuse Karl Marx for Jesus of Nazareth.
To paraphrase Stalin, “How many jobs does the Pope create?”
You DO know they do a job, right?? Believe me, they EARN their pay.
I don’t care if they make money as long as we don’t have to bail them out.
That’s intolerable.
He doesn’t seem to understand how markets work. Asking markets to “be nice” is like asking the weather to “be nice.”
Obviously and fortunately, the pope isn’t making an infallible statement. But his opinion is reckless and will certainly confuse the sheep.
We’ve had a remarkably good run of popes over the last 150 years. It couldn’t last forever.
Good point. So you become a priest for those reasons and then when you become Pope you can lecture folks on economic policy. </sarc>
Good God what a lib pope
Was Benedict’s abdication not orchestrated by a leftward shift in the College?
This guy talks like a Mary Knoll
End speculation and watch the economy contract by about 80%.
-— Is it just me, or does this not sound like Marxism? -—
Sounds like it. But political communism begins with the barrel of a gun. The Apostles were “communists,” sharing what they had. But they weren’t beating people over the head.
Regardless, it seems as though Pope Francis has imbibed some of rhetoric, at least.
But by all means, get all huffy and self-righteous. It suits you.
Your post says it all.
Two guys meet on the sidewalk to negotiate purchasing a barrel of oil. Two guys across the street bet on the outcome of the negotiation for the oil. In no way can the betting influence the negotiation.
And the betting is a zero net sum game.
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