On Weekends with Alex Witt on MSNBC, Fr. Tom Reese of the Woodstock Theological Center at Georgetown University discusses the forthcoming statement on financial regulation that the Vatican is releasing on October 23, 2011.
The Vatican has called for a central bank for the world along with a global tax on transactions. It seems to us that it becoming increasingly difficult for anyone to deny the collusion between the great central banking families and their enablers and co-conspirators … including the Vatican and Jesuit “Black Church.” The Anglosophere elite is moving RAPIDLY toward world government, far more rapidly than one might have expected even a few years ago. See our article @ http://www.thedailybell.com/3111/Occupy-Wall-Street-Demands-Global-UN-Tax-and-Worldwide-G20-Protest … See this lede from 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of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.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. -Reuters
IS THE VATICAN THROWING ITS SUPPORT BEHIND OCCUPY WALL STREET?
Posted on October 24, 2011 at 8:29am by Billy Hallowell
A new document released on Monday by the Vatican has some people wondering if the Catholic Church is aligning itself with the Occupy Wall Street movement.
Father Thomas Reese, a fellow at Georgetown University’s Woodstock Theological Center, describes the proposal as “closer to views of the ‘Occupy Wall Street’ movement than anyone in the U.S. Congress.”
He also says that it calls for the “redistribution of wealth and the regulation of the world economy by international agencies.” Even more surprising, he contends that it is to the left of both Barack Obama and Nancy Pelosi.
The proposal, released by the Vatican’s Pontifical Council for Justice and Peace, follows up on Pope Benedict XVI’s 2009 economic encyclical that denounced a profit-at-all-cost mentality as responsible for the global financial meltdown.
The 18-page document, entitled, ”Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” seeks out technical solutions to global economic problems. The proposal essentially calls for a world-wide governing body that would serve as an economic clearinghouse.
Through this proposal, the Vatican is essentially calling for a radical reform of the world’s financial system, including the creation of a global political authority to manage the economy. According to the Washington Times’ Jennifer Harper:
The ideas refer back to a 1963 papal encyclical that suggested, “The universal common good presents us with problems, which are worldwide in their dimensions; problems, therefore, which cannot be solved except by a public authority with power, organization and means co-extensive with these problems, and with a worldwide sphere of activity.”
Reuters describes this as follows: ”It called for the establishment of ‘a supranational authority with worldwide scope and ’universal jurisdiction’ to guide economic policies and decisions.”
The aim is for a new world economic order based on ethics and the search for the common good. The new document stresses that “the economy needs ethics.” Harper reports that some U.S. Catholic scholars and priests see the document as being a potentially “stark contrast” to the ideals espoused by fiscal conservatives. In the end, the result could be support for the Occupy Wall Street protesters.
For those who may be surprised by this pseudo-endorsement of protest movement, some say that the Pope’s own words showcase his deep support for the redistribution of wealth and government intervention. Reese writes:
The pope disagrees with those who believe that the economy should be free of government regulation. “The conviction that the economy must be autonomous, that it must be shielded from ‘influences’ of a moral character, has led man to abuse the economic process in a thoroughly destructive way,” he writes. “In the long term, these convictions have led to economic, social and political systems that trample upon personal and social freedom, and are therefore unable to deliver the justice that they promise.” [...]
While Benedict acknowledges the role of the market, he emphasizes that “the social doctrine of the Church has unceasingly highlighted the importance of distributive justice and social justice for the market economy.” He unflinchingly supports the “redistribution of wealth” when he talks about the role of government. “Grave imbalances are produced,” he writes, “when economic action, conceived merely as an engine for wealth creation, is detached from political action, conceived as a means for pursuing justice through redistribution.”
It suggested that the reform process begin with the United Nations as its point of reference. Later, the body would become independent.
The Associated Press contributed to this report.