The Vatican and "A One World Bank"

Yesterday, the Vatican came out for a push in regards to a “central world bank” that would supposedly limit the various financial meltdowns that have occurred in the past five years, moving to a supra institution that will transcend national boundaries and will work independently for financial, and ultimately, I assume, for “social justice”, another watch word. The Pope is surrounded by people who are not concerned about Christ; either that or they are so inept in regards to looking at history, their own specifically, that they can’t see the forest for the trees. It is exactly this type of institution that has been predicted in Revelation. Not only are they, the hierarchy, not reading the Bible, but are ignoring some of the Church’s own historical encyclicals and bulls—especially the one on “subsidiarity” penned by, I believe, Leo XIII. It is neither the government nor some world wide entity that is responsible for taking care of our brothers and sisters. Christ did not go to the Roman occupiers to take care of the problems that were rampant during His days upon this earth. He led by example and then commanded the apostles to do likewise. And he calls us for and to the same purpose. It will not be the Roman Empire, or the Russian Bear or even the United States that will be judged, but we as individuals.

Some parts of the hierarchy of the Church are definitely responsible for this travesty. They are also responsible for pushing the current, most pro death President of the United States to be elected. And they continue to implicitly support him through inviting him to Catholic universities and thereby give a seemingly higher educational imprimatur by the Catholic Church. It is an outrage and incredibly detrimental to the lay people which are part of the Body of Christ.

No wonder there is such “smoke” surrounding the Vatican and the Church. But Christ Himself says that not even the gates of hell shall prevail. And we know that the Lord wins in the end.

Here’s the news release:

Vatican Calls for 'Central World Bank' to Be Set Up
Published: Monday, 24 Oct 2011 6:54 AM ET

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of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.
A major document from the Vatican's Justice and Peace department should be music to the ears of the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn.
The 18-page document, "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 behaviors 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."
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 stabilize 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, which was being presented at a news conference later on Monday, 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 globalizes world."