JTF.ORG Forum
General Category => General Discussion => Topic started by: Spiraling Leopard on October 24, 2011, 08:38:21 PM
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http://www.cnbc.com/id/45013499
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of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.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.
Such an authority should start with the United Nations as its reference point but later become independent and be endowed with the power to see to it that developed countries were not allowed to wield "excessive power over the weaker countries."
Effective Structures
In a section explaining why the Vatican felt the reform of the global economy was necessary, the document said:
"In economic and financial matters, the most significant difficulties come from the lack of an effective set of structures that can guarantee, in addition to a system of governance, a system of government for the economy and international finance."
It said the International Monetary Fund (IMF) no longer had the power or ability to stabilize world finance by regulating overall money supply and it was no longer able to watch "over the amount of credit risk taken on by the system."
The world needed a "minimum shared body of rules to manage the global financial market" and "some form of global monetary management."
"In fact, one can see an emerging requirement for a body that will carry out the functions of a kind of 'central world bank' that regulates the flow and system of monetary exchanges similar to the national central banks," it said.
The document, which was being presented at a news conference later on Monday, acknowledged that such change would take years to put into place and was bound to encounter resistance.
"Of course, this transformation will be made at the cost of a gradual, balanced transfer of a part of each nation's powers to a world authority and to regional authorities, but this is necessary at a time when the dynamism of human society and the economy and the progress of technology are transcending borders, which are in fact already very eroded in a globalizes world."
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This is very troubling news... The NWO and the Vatican working hand-in-hand... It is enough to make my hair stand on end...
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Not surprising, just like the Tower of Bavel.
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The Vatican warning of idolatry... Ahem.
This is why Catholic churches are emptying and Protestant churches are growing around the world. The Pope needs to focus on saving souls instead of setting up an NWO group of criminal bankers that decide who gets the lion's share. A simple question is to ask "what would Jesus do?', does the Pope really think his god would approve of something like this?
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NWO headed by big beast... ;D :laugh: :::D
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I wasnt aware the Vatican were experts on economics.
Shouldnt they be busy covering up their molestation scandal?
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Very horrible idea. I do think the Vatican has become a promoter of the NWO agenda sadly.
But guys don't forget we do have really good Catholic members of this forum so please don't bash them. Not all Catholics would agree with everything the Vatican does either.
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Very horrible idea. I do think the Vatican has become a promoter of the NWO agenda sadly.
But guys don't forget we do have really good Catholic members of this forum so please don't bash them. Not all Catholics would agree with everything the Vatican does either.
I don't l;ike the vatican, but I have nothing against Catholics, especially not the great catholic members we have here.
I agree. The Vatican has been a negative influence on Catholics and the molestation scandal just shows that they are rotten to the core.
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Very horrible idea. I do think the Vatican has become a promoter of the NWO agenda sadly.
But guys don't forget we do have really good Catholic members of this forum so please don't bash them. Not all Catholics would agree with everything the Vatican does either.
So true. There are a lot of good Roman Catholics out there and they really do love G-d. Little by little they're finding out about the Vatican, the Jesuits and other things and they're abhorred by what they see. The Vatican and the unHoly See are the evil entities in that vein.
I once knew a Catholic girl and her parents were something called "Charismatic" Catholics. Many times when the girl would quote RC doctrine her mother would quip, "that's not in the Bible." The girl turned out to be a flop, but I loved her parents a lot. :)