Vatican Calls for Global Authority on Economy

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Chipper said:
Please exlain to me how a Call to Anguish and suffering, in order to establish a World Authority, is consistent with Pope Bendict.

Please explain to me how a single beneficiary (European Central Bank) as cited in this document is consitent with the Pope’s past statement.
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The document is not a “call” for more anguish and suffering, it simply notes that accomplishing its goals may entail going through some suffering, as is true of accomplishing many laudable goals.

As to how it is consistent with the Pope’s past writings, have you read any of them? Here is a relevant excerpt from Caritas in Veritate:
for all this, there is urgent need of a true world political authority, as my predecessor Blessed John XXIII indicated some years ago. Such an authority would need to be regulated by law, to observe consistently the principles of subsidiarity and solidarity, to seek to establish the common good[147], and to make a commitment to securing authentic integral human development inspired by the values of charity in truth. Furthermore, such an authority would need to be universally recognized and to be vested with the effective power to ensure security for all, regard for justice, and respect for rights[148]. Obviously it would have to have the authority to ensure compliance with its decisions from all parties, and also with the coordinated measures adopted in various international forums.
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A_Catholic said:
Remember what the Holy Father said upon being elected pope: "“Pray for me, that I may not flee for fear of the wolves.” He wasn’t talking about only outside forces. We must pray for the Holy Father and the Church always.
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I guess I’m just not ready to believe that yet. I hope I’m not being naive here. I know that sort of thing went on in the middle ages but today?! If Benedict called them out would they throw him in a dungeon?
Chipper said:
Buba don’t get me wrong with what I am about to say, I do fully appreciate your posts.

But it seems to me that with the Vatican being incharge of 1.2 billion people,- well -, it’s easy for me to see how mistakes can be made. Of course, assuming this Global Authority thinga-ma-jig is a mistake, or oversight.

However, I am not necessarily in complete disagreement with you either. I am anxiously awaiting for some more news from the Vatican on this subject. Until then I will argue until I am blue in the face with those here who support this strange document.
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I don’t think “mistake” is going to be an adequate answer. Either this was done with tacit approval, or genuine expectation of approval, of Benedict or else something is really messed up in the vatican and heads should roll. I just don’t see a middle ground between these. I no longer buy the explanation that this was just a document to open a discussion. You don’t assert “only” to start a discussion but to end one.
 
Bubba_Switzler said:
I guess I’m just not ready to believe that yet. I hope I’m not being naive here. I know that sort of thing went on in the middle ages but today?! If Benedict called them out would they throw him in a dungeon?
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I’m only quoting what the Pope said, unfortunately. :sad_yes:
 
On Monday, the Vatican released an 18-page document titled “Toward Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority.” Since then, it has been celebrated by advocates of bigger government the world over.
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What’s ignored is that the document—released to stimulate debate, not offer official doctrine—embraces a sound economic theory concerning the cause of the world financial crisis: the breakdown of the postwar Bretton Woods monetary system and the unleashing of fiat currencies and central-bank printing presses.
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online.wsj.com/article/SB10001424052970203554104576655052604890180.html?mod=googlenews_wsj
 
The Vatican is dead right on this. We need to go back to the gold standard, even if the modern gold standard is more likely to be a basket of commodities.
 
Luigi_Daniele said:
The Vatican is dead right on this. We need to go back to the gold standard, even if the modern gold standard is more likely to be a basket of commodities.
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Isn’t it interesting, though, as Fr. Sirico pointed out, how little attention that is getting compared to the call for a world central bank? The later without the former would certainly be an invitation to great mischief.
 
Bubba_Switzler said:
Isn’t it interesting, though, as Fr. Sirico pointed out, how little attention that is getting compared to the call for a world central bank? The later without the former would certainly be an invitation to great mischief.
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Agree completely. I am no fan of a world central bank.
 
Good afternoon, all,

I would like to point out to my fellow American Roman Catholics, that paragraph 2425 in our Catechism of the Catholic Church disapproves not only Communism and Socialism, but also disapproves of Capitalism. It plainly disapproves of a central planner for an economy, I would like to point out to others on this thread.

Now, the socialist professor who contributed to this paper muddies the purity of the Pontifical economic council’s waters. Did he contrive or manipulate a deliberate invitation into putting this paper together? Is he using the Church as a platform for his socialist agenda?
I think these are pertinent questions regarding that level of Vatican activities.

Distributism, a Catholic endorsed economic system different from both socialism and capitalism, should be the center piece of a Catholic economic paper, imho. In Mondragon, Spain, during the early 20th century, a Catholic priest started a village based on a Distributism economy. Please see this link, for how Mondragon has grown:

distributistreview.com/mag/2011/10/mondragon-revisited/

Basically, Mondragon businesses, including banks and credit unions, are employee owned co-ops. They are neither capitalist nor socialist.

Again, I think any Catholic paper on economics should focus on Distributism.

God loves all of you, lurkers, too,
Don
 
Samson01 said:
So who can translate this? Thanks.

press.catholica.va/news_services/bulletin/news/28268.php?index=28268&po_date=24.10.2011&lang=en
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Good afternoon, Samson01,

I’ve been to this link on this page, and on page 5 of this thread. It does not link to the document in discussion. The English translation links to an article on Assisi, about world peace, “No More War No More Famine”.

Can anybody find a link to an English translation of this document?

This Catholic link quotes English translations from the document.

catholic.org/business/story.php?id=43366

I would like to submit, that the Holy Roman Catholic Church remains the best “supernational” economic authority. We should leave well enough alone and not fidget about some political organization to do our job, instead of the Church leading.

That’s where I stand on this whole thing.

God loves you,
Don
 
donsnow said:
Good afternoon, Samson01,

I’ve been to this link on this page, and on page 5 of this thread. It does not link to the document in discussion. The English translation links to an article on Assisi, about world peace, “No More War No More Famine”.

Can anybody find a link to an English translation of this document?

God loves you,
Don
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Hi Don, this is the best I can do as half of the document has 18k plus words…lol. Copy and paste to translator and it will self identify original language. 5out

translate.google.com/#
 
Samson01 said:
Hi Don, this is the best I can do as half of the document has 18k plus words…lol. Copy and paste to translator and it will self identify original language. 5out

translate.google.com/#
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Thanks, Samson01,

I got through the introduction and half the Cardinal’s statement, before my copy/paste buffer hung up. 😦

But, it’s not what the secular media has reported at all.

Well, that’s enough for today. I’m off.

God’s love,
Don
 
I was really worried about this but I hope this isn’t from the Magisterium and is just the opinion of some persons, which we are not bound as Catholics to accept. Am I correct??
 
When the Pontifical Council for Justice and Peace needed an expert economist to assist in articulating the “Note” titled Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority to feisty journalists at an Oct. 24 Vatican press conference, it called on the University of Rome “Tor Vergata” economics professor, Leonardo Becchetti.
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blog.acton.org/archives/27003-rome-economist-helps-explain-vatican-note-on-financial-reform.html
 
Monica4316 said:
I was really worried about this but I hope this isn’t from the Magisterium and is just the opinion of some persons, which we are not bound as Catholics to accept. Am I correct??
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There is no “Magisterium” without inclusion of the Pope and the College of Bishops (as body, not individuals,) and further, we are only bound in conscience in matters of faith and morals, not economics or politics. (Altho this document could have serious moral implications.) A handful of bishops and cardinals by themselves do **not **comprise the supreme and full authority of the Church. We need further clarification from the Holy See.
 
Their call to Anguish and Suffering reminded me of this great quote:
The inherent vice of capitalism is the unequal sharing of blessings. The inherent blessing of socialism is the equal sharing of misery.
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~Winston Churchill~
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_Abyssinia said:
Comments on the document:

catholicvote.org/discuss/index.php?p=22180

Expert downplays Vatican council’s idea for financial body

After the Pontifical Council for Justice and Peace made headlines this week by issuing a document advocating the creation of a global financial body, one expert in Vatican documents downplayed its authority and said that it is only meant to spur reflection.

catholicnewsagency.com/news/expert-downplays-vatican-councils-idea-for-financial-body/
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Good evening, Abyssinia,

The information in these links should calm things down, if only this information could reach the public. Thank you, so very much, for finding and posting these links.

God loves you,
Don
 
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