http://www.reuters.com/article/2011/10/24/idUS264245887020111024

 

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of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican’s Justice and Peace department should please the “Occupy Wall Street” demonstrators and similar movements around the world who have protested against the economic downturn.

 

“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 behaviours 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.

 

Asked at a news conference if the document could become a manifesto for the movement of the “indignant ones”, who have criticised global economic policies, Cardinal Peter Turkson, head of the Vatican’s Justice and Peace department, said: “The people on Wall Street need to sit down and go through a process of discernment and see whether their role managing the finances of the world is actually serving the interests of humanity and the common good. “We are calling for all these bodies and organisations to sit down and do a little bit of re-thinking.”

 

Keep in mind that the "market" is simply peaceful (voluntary) trading between people. The only alternative to this is force - guns, punishments, etc.

 

The Vatican proposing a "Central World Bank" as a solution to problems created by central banks is like proposing bloodletting as a solution to the flu. In order for this institution to function, there must be global laws forcing everyone to use its money, even if they don't want to. It must have a monopoly on counterfeiting (which creates inflation and hurts the poor).

 

The Vatican has revealed itself as nothing more than a tool of the elite.

 

[ame=http://www.youtube.com/watch?v=uAI70cIGynk]Economic Coordination and the Business Cycle (by Graham Wright) - YouTube[/ame]

It will be called the Vatican Bank with the Pope as CEO, you will have to pay for everything

Heh, probably so. And money will be doled out to Africa so they can finally be rich!

 

 

Print, print, print!

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 behaviours like selfishness, collective greed and hoarding of goods on a great scale,” it said,

 

They should know all about this! Pot calling the kettle black!:angry: