Vatican to call for global financial authority

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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.
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http://business.inquirer.net/25853/vatican-to-call-for-global-financial-authority

To hell with that! No global fiat at all!
 
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.
 
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.
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http://www.bbc.co.uk/news/world-europe-22551125

What is "ethical" to the new pope?
 
PMBug said:
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?
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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.
 
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.
 
Guess who's taking the Vatican seriously? The NSA, that's who:
... Panorama magazine said that among 46 million phone calls followed by the U.S. National Security Agency (NSA) in Italy from December 10, 2012, to January 8, 2013, were conversations in and out of the Vatican." But while it is unclear just what divine information the NSA had hoped to uncover by spying on the Vatican, what is an absolute headbanger, is that according to Panorama one of the reasons for the illegal wiretaps was to be abreast of "threats to the financial system." ...
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http://www.zerohedge.com/news/2013-...pied-vatican-prevent-threats-financial-system
 
Yeah well......the Vatican is probably dirtier than the Italian Mafia. They have been doing shady stuff for over a thousand years. The catholic church is a mess from the top to the bottom. The new Pope is trying to clean up five centuries of graft and corruption all at once, which only makes him a target.

I fully expect this guy to have an unfortunate accident or a well timed heart attack, because Da Boyz don't want to roll his way and would prefer to keep doing it old school just like they've been doing for a loooooong time.
 
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Vatican is still beating the drum.

In his most authoritative writings as pontiff, Francis decried an “idolatry of money” in secular culture and warned that it would lead to “a new tyranny.” ...

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On Tuesday, he showed a willingness to use tough language in attacking what he views as the excesses of capitalism. Using a phrase with special resonance in the United States, he strongly criticized an economic theory — often affiliated with conservatives — that discourages taxation and regulation.

“Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world,” Francis wrote in the papal statement. “This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacra*lized workings of the prevailing economic system.”
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http://www.washingtonpost.com/busin...7ffe4e-56b6-11e3-8304-caf30787c0a9_story.html

Last paragraph quoted starts with a logical fallacy. It's a straw man argument.

Think the Vatican is going to be honest enough to admit that any system that fosters freedom requires personal responsibility - that a certain level of poverty and inequity will always be present and it is the price of liberty?

Don't communist me bro!
 
Hilarious... how about the Vatican? As a candidate...

They should rule the finances, after all, they have a huge fortune and a LOT of experience in gathering gold, taxes, wealth.

The Vatican should be the next IMF/WB. They should create their own currency.

:p
 
Denninger said WHEN will the pope learn how to do arithmetic?
 
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