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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of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.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.
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.
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.
Why?
Exactly. That's crazy--the financial industry needs to be chopped up--not consolidated even more. OWS is upset about "too big to fail."
Then EdwardA should not have made a reference to OWS, which, for some reason, people equate with being liberal.
Makes no sense..
EdwardA, like many other conservatives (and let's include liberals too, they are equally as guilty), probably pays a little too much attention to mainstream news, which put people in two neat little boxes. One is called liberal and the other conservative.
Both are knee-jerkers when it comes to talking points. The right goes socialism, Obama, communism, Democrats, Soros while the left goes capitalism, Bush, Republicans, Koch Brothers, teabaggers.
Exactly. That's crazy--the financial industry needs to be chopped up--not consolidated even more. OWS is upset about "too big to fail."
Exactly what I was thinking. Consolidating the power into one entity would only allow more abuses. And why would an organization that exists solely on the basis of a mythology be trusted at all with this kind of suggestion anyway. The whole thing is just ludicrous.
Oh yeah; there's a winner of an idea! Greed has already become the mainstay of the financial sector now we should throw in some good old religious zealotry to thicken the mix.
I'd agree to this idea the minute the Holy See puts THEIR money where their mouth is. Melt down your gold Popie and wipe out hunger, irrigate the desert and buy world peace! Yeah, I thought so.
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