Vatican Calls for New World Economic Order
October, 2011- Vatican City
The Vatican called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions. They believe 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”.
This proclamation highlights that reforms must assure that financial and monetary policies will not damage the weakest economies while also achieving fair distribution of the world’s wealth.
One section of the document explained why the Vatican felt the reform of the global economy was necessary and called for specific reforms such as taxation of financial transactions.
“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 Vatican 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 was released as “Occupy Wall Street” protests this month sparked similar anti-capitalist movements around the world with demonstrators angry over government bailouts of big banks, corporate bonuses, and economic inequality.
The Vatican document was likely to be welcomed by the demonstrators who critics say lack clear objectives.
Vatican pronouncements on the economy are meant to guide world leaders as well as the global church. That means that Catholic bishops and Priests will guide voters to candidates that match this way of thinking. Can you see how easy this makes it for someone to run on this platform and win elections?!
We are asking all our Catholic friends to talk to their local Priests about this and please comment what you hear. This sure does sound like a New World Order.
Source: Fox News