What
follows is a recent example of the spiritual ignorance that is pervasive today
among world leaders and in this case the Vatican. This is a very
pointed call for the New World Order, the New Tower of Babel that has
been coming inexorably for many years but is now expressed openly
because of the chaos in the worlds financial system. What this appeal
ignores is the fact that the nations have become godless. Because of
this fact, they are bankrupt morally, socially, politically and
economically. Satan will soon step into the vacuum of the godlessness
of the nations with his “Solution.” He will present his son, the
Antichrist who will be their "savior" and their god and his “mark” their currency.
UPDATE 1-Vatican calls for global authority on economy
12:23pm
BST
*
Document also calls for "Central World Bank"
*
Condemns "idolatry of the market"
*
Says reform should start under U.N. auspices (Adds quotes from
Vatican press conference)
VATICAN
CITY, Oct 24 (Reuters) - - 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outdated and often ineffective in dealing fairly with crises.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.
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".
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."
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 stabilise 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 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."
(Reporting By Philip Pullella; editing by Elizabeth
Piper)
[The
underlining and bolding have been done by Tom Haeg.]
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