Vatican to call for global financial authority

[PMBug]

The Vatican on Wednesday said it was preparing a series of proposals for reforming the global financial system that would include the creation of a “public authority with universal competence.”

A document entitled “For a reform of the financial system through the perspective of a public authority with universal competence” will be presented on Monday by the Vatican’s Pontifical Council for Justice and Peace.
...

http://business.inquirer.net/25853/v...cial-authority

To hell with that! No global fiat at all!

[PMBug]

They announced their proposals today:

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of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.
...

http://www.cnbc.com/id/45013499

The proposal:

http://www.radiovaticana.org/EN1/Articolo.asp?c=531752

[PMBug]

They are at it again:

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of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. ...

http://www.reuters.com/article/2011/...45887020111024

WWJD

[mmerlinn]

The Vatican successfully placed Warlord Dragon (Mario Draghi) in the ECB. Now the Vatican will successfully, against the wishes of most, hand him the world on a silver platter, making him truly the Warlord of economies worldwide. Watch the iron fist of the Warlord hammer any economy that dares to oppose him.

[DoChenRollingBearing]

Watch the steel balls of the Rolling Bearing CRUSH the iron fist!

At least in Peru...

[mmerlinn]

Watch the steel balls of the Rolling Bearing CRUSH the iron fist!

At least in Peru...

Glad my balls are not made out of steel.

[PMBug]

Meet the new pope. Same as the old pope?

Pope Francis has called on world leaders to end the "cult of money" and to do more for the poor, in his first major speech on the financial crisis.

Free market economics had created a tyranny, in which people were valued only by their ability to consume, the pontiff told diplomats in the Vatican.

"Money has to serve, not to rule," he said, urging ethical financial reforms.
...

http://www.bbc.co.uk/news/world-europe-22551125

What is "ethical" to the new pope?

[mmerlinn]

Meet the new pope. Same as the old pope?



http://www.bbc.co.uk/news/world-europe-22551125

What is "ethical" to the new pope?

Ethical is towing the line, his line, in effect bowing to his wishes regardless of the consequences.

He is outlining the "new economy" where he and his minions control what you can buy and sell through controlling who can and cannot have money. Watch how this plays out. It is not good for any free economy, in particular Anglo-Saxon economies, which are being directly targeted by the Vatican.

[Bru]

I think His Holiness has been watching too many episodes of The Borgias and DaVinci's Demons and has come to be under
the impression that he's one of those omnipotent renaissance popes who can get away with whatever comes into his mind.
It wouldn't surprise me a bit if he revives such long-lost old classics as the Inquisition and celibacy for the priesthood.

[rblong2us]

welcome Bru, your first ever comment here made me chuckle