The Vatican II – Council for Justice and Peace has released an eighteen page report calling for world-wide economic reform; the recommendations of which, sound very similar to what the political elite and the banksters have been promoting for years. The document will also be welcomed by the Occupy Wall Street (OWS) crowds. You can find the full text of the Vatican’s position paper here.
The Vatican called on Monday for sweeping reforms of the world economy and the creation of a ethical, global authority to regulate financial markets as demonstrations against corporate greed continued to spring up in major cities across the globe.
Urging Wall Street powerbrokers to examine the impact of their decisions on humanity, the Vatican called on those who wanted to change economic structures to “not be afraid to propose new ideas, even if they might destabilise pre-existing balances of power that prevail over the weakest.”
The Vatican called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions.
“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 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 globalised world.”
The Institute of Economic Affairs was quick to respond to the Vatican report. Here are some excerpts:
“The sorts of systems of global financial regulation that the Commission calls for exacerbated the financial crisis as they led to many countries having the same failings in their banking systems at the same time. Indeed, many of the specific problems we faced in Anglo-Saxon banking systems were caused by financial institutions attempting to “game” regulations imposed by global financial regulators.
“Throughout the document the Commission wrongly asserts that liberalism is a theoretical ideal divorced from reality. It is quite extraordinary then that the main proposal is for a world legal authority. In reality such authorities invariably become captured by cliques and special interests and are rarely at the service of the people – from whom, of course, they are so remote. Indeed, they often seem directly opposed to the very values for which the Church stands.
Although I understand the Church’s concern for the poor of the world, I find the Vatican’s position mis-guided to say the least. We can be sure the OWS protesters will latch on to this message from the Vatican as demonstrating support for their cause. But there is something else that worries me more. I have use these pages several time to express my concern over the potential of a world-wide economic meltdown that could be heading our way. I have suggested that if that happens, the One World Order (OWO) types will be there to offer us salvation. Now they will be able to claim the even the Vatican supports their ideas. Folks, this is not good!
Below you will find the poem that the Bard did on this subject, which also includes a wonderful video on world economics.
The Council of Babel*The latest long-winded releaseFrom Council for Justice and Peace,Is leftist in tone,As Councils are prone,And reads like a period piece.*The period being the yearsThat Marx and his sad engineers,Developed a plan,To save modern man,And bring down our global frontiers.*The death and destruction releasedBy Marx and his communist beastMight ought to give pauseTo cleric’s applauseFor globalization, increased.*The Council might also reviewThe state of the sinking EU,Before they should callFor us to installA centralized financial crew.
Well, that’s what I’m thinking. What are your thoughts?