Bergoglio Calls for Central World Bank
#1

From Zero Hedge:




Pope Francis Now International Monetary Guru?
Tyler Durden's picture
by Tyler Durden
Jan 9, 2017 1:20 PM


As the new year dawns, it seems the current occupant of St. Peter’s Chair will take on a new function which is outside the purview of the office that the Divine Founder of his institution had clearly mandated.  Besides being a self proclaimed expert on global warming and a vociferous advocate of societal-wrecking mass immigration, it looks as if “Pope” Francis has entered the realm of global economics specifically, international monetary policy.

In an 18-page document issued through the Vatican’s Office of Justice and Peace, Bergoglio has called for, among other repressive and wealth-destructive measures, the establishment of a “supranational [monetary] authority” to oversee international monetary affairs:
Quote: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.
The paper, “Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” contends that a world central bank is needed because institutions such as the IMF have failed to “stabilize world finance” and have not effectively regulated “the amount of credit risk taken on by the system.”

Naturally, as one of the planet’s preeminent social justice warriors, Bergoglio claims that if a world central bank is not commissioned, than the gap between rich and poor will be exacerbated even further:
Quote: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.
Bergoglio acknowledges that if a central monetary authority is established it will mean a loss of sovereignty and independence among nations, but such “costs” are well worth the overall societal and economic gains:
Quote: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 globalized world.
While the document demonstrates that Bergoglio has not a clue of basic monetary theory, it shows again that the “pope” is a radical socialist who has more in common with the loony ideas of Karl Marx than he does with Roman Catholicism.

The ongoing and deepening financial crisis that Bergoglio seeks to address is not because there has been no global central bank to regulate more effectively the money and credit flow of the various nation states, but the crisis is because of the machinations of central banking.  Central banking, through the fraudulent practice of fractional-reserve banking, has been the culprit in almost every financial calamity that has beset the Western world since the institution was first created.

If “Pope” Francis was truly interested in solving the financial crisis and alleviating the income gap between rich and poor, he would call for the abolition of this evil institution and advocate the re-establishment of an honest international monetary order based on gold and silver as money.  But, as a good neo-Marxist, Francis is more concerned with the redistribution of wealth from rich to poor.

Yet, as sound economic theory has shown, this Leftist ideal is a scam.  Redistribution of income never enhances the conditions of the poor but instead enriches the politically-connected elites and impoverishes the middle class.

Unlike what Bergoglio believes and what is taught in nearly all college and university economics classes, wealth can only be created by real savings (the abstention from consumption) and the investment of those savings into the production of capital goods which, in time, creates consumer goods.  To foster such an environment, however, there must be a sound monetary order not open to manipulation via inflation and credit expansion by central banks.

As he has been accused by several of his cardinals for espousing heretical views on re-marriage and the reception of the Sacraments, “Pope” Francis’ position on international money and banking matters is equally erroneous.  Jorge Bergoglio’s “pontificate” has been an unmitigated disaster plagued by constant scandal so it would be wise of him before it is too late to remember the ominous words of the Founder of the institution he now heads about the grizzly consequences that are in store for those who bring about scandal.

Vox Wrote:
Read the document here: https://www.scribd.com/document/70105512/Towards-Reforming-the-International-Financial-and-Monetary-Systems-in-the-Context-of-a-Global-Public-Authority#download&from_embed

Will the madness never end?
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#2
He's truly a globalist hiding under the guise of the pope.
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#3
Pope Francis is not an economist or a businessman.  He is not a political scientist.  At this point, I don't even trust him to do well what he IS supposed to do, so I'm certainly not about to trust him in areas that don't concern him.  With all due respect to his office of Pope and to his ordination, the only response to him would be to tell him to back off, and to mind his own business.
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#4
I was under the initial impression that this article concerned statements made by the Holy Father prior to his pontificate, given the use of the name Bergoglio in the title of the thread. In conjunction with the article's use of scare quotes around every instance of the word Pope, it comes across as rather uncharitable.

The author of the piece is the blogger Antonius Aquinas, apparently a sedevacantist, who blogs at https://antoniusaquinas.com He has repeatedly denounced the Holy Father as a Neo-Marxist, a blasphemer, a heretic, and a traitor to Western Civilization.

While I am open to critical perspectives, especially relating to the activities of the Papacy outside the scope of its divinely mandated role as the primary witness to the Faith, it seems to me that the author in question seeks to castigate and calumniate in the most incendiary terms, to sow disunion and scandalize the faithful, rather than to earnestly work for the good of the faithful.

Note that the author is not opposed to the Holy Father taking an active role in calling for an establishment of a just international economic order:
Quote:If “Pope” Francis was truly interested in solving the financial crisis and alleviating the income gap between rich and poor, he would call for the abolition of this evil institution and advocate the re-establishment of an honest international monetary order based on gold and silver as money.  But, as a good neo-Marxist, Francis is more concerned with the redistribution of wealth from rich to poor.
He apparently wants the Pope to call for economic reforms, just different reforms, namely the advocacy of a return to bimetallism. While this may have merit, it is still an idea that is opposed by the overwhelming majority of academic economists, both in the Keynesian and neoclassical traditions. Because the Holy Father, applying prudential judgment as a temporal authority, outside of his spiritual authority, has taken a different course, the author infers that the Pope is not interested in solving the financial crisis or alleviating the suffering of the poor at all.

Is this really how faithful Catholics should read current events and follow the activities of the Holy Father?
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#5
[quote='Credidi Propter' pid='1331872' dateline='1484167237']
Pope Francis is not an economist or a businessman.  He is not a political scientist.  At this point, I don't even trust him to do well what he IS supposed to do, so I'm certainly not about to trust him in areas that don't concern him.  With all due respect to his office of Pope and to his ordination, the only response to him would be to tell him to back off, and to mind his own business.

/quote]



  My thoughts exactly, but have you noticed he never takes the hint?  He's like a steam roller.  Look what he's doing with the Knights of Malta.  I cannot listen to his voice or even read his quotes.  I get the gist of what he says and does in all the other reading I do. 
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#6
                                                          Tomorrow Francis could come out in favor of a one world government, one world religion, reparations for slavery, you name it, and his many supporters on the left, who reject the church's teaching on abortion, homosexuality, divorce, contraception, etc, would be saying "I stand with the Holy Father, he's Christ's vicar on earth" . Meanwhile neo-Catholic apologists (you know there names) would be rambling on about how the Pope actually used an archaic Italian word for world government, that was used back in the 12th century, and that what it really means is that we should have greater co-operation between nations.
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