I don’t know whether the Peter the Roman prophecy applies to Pope Benedict, nor do I have enough information to determine whether or not Malachy’s Prophecies are a hoax.
If the prophecies are true, then Pope Benedict XVI would correspond to Gloria Olivae or Glory of the Olive. I read somewhere that the Benedictine Order had some relation to being “Olivetan” and that Pope Benedict fulfilled Malachy’s description of Glory of the Olive.
Peter the Roman and Glory of the Olive could be the same Pope because some believe that Malachy’s prophecy–with regards to the last two popes–was altered. These same folks say that the original prophecy did not distinguish between Gloria Olivae and Petrus Romanus (Peter the Roman). Others say that Petrus Romanus was not on the original list and that it ends with Gloria Olivae—so there is some confusion with regards to Malachy’s Prophecy.
But … now that we’re discussing Pope Benedict, I’d like to offer an interesting, little-known prophecy from St. Faustina, who said:
"I wish the time were here when the Pope dressed in red will reign. I see the Apostles, not those of the past, but the apostles of the last times, and it seems to me, the Pope is among them"–St. Faustina. exerpt from Reign of Antichrist by Rev. R. Gerald Culleton. Page 160.
I speculate that the “red” could apply to the Camauro and the “Pope dressed in red” could be Pope Benedict, or one of his successors:
http://upload.wikimedia.org/wikiped...ictXVIcamauro.jpg/78px-BenedictXVIcamauro.jpg
The camauro had fallen into disuse after Pope John XXIII. It was revived by Pope Benedict. Here’s a description of the camauro and a history:
en.wikipedia.org/wiki/Camauro
—Just speculating, for fun.
God Bless!