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Thread: Vatican Calls for 'Central World Bank' to Be Set Up

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    Vatican Calls for 'Central World Bank' to Be Set Up

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    interesting stuff.it says that this should be "music to the ears of ows movements around the world.what do u think? read the comments....very interesting.
    Listen to your conscience....and let it sink in.

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    It looks like the Vatican promotes the first rule of government. Rule #1 - when the government fails, then expand it and throw more money at the problem.

    The government had the authority to prevent this crisis, but neglected their responsibility. While the Vatican is right, that we need to be wary of neo-liberal thinking, but they are wroing that implementing a Central World Bank is the answer. The probability that we can appoint benevolent dictators to these positions is low.

    Neoliberals under the Clinton administration were heralding the efficiency of the markets and claimed that a handful of big financial banks would regulate themselves regarding opaque toxic derivative trading. However, the Vatican falls into this failed thinking that a handful of individuals have the power to correctly control and maintain economic stability via manipulation of the money supply. Central planning, especially on a global scale is doomed to fail. History is replete with examples, but unfortunately some people will not give up this quest.
    Last edited by Antiderivative; 10-24-11 at 02:14 PM.

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    Another reason why religious leaders dont know **** about economics. Ive heard the Dali Lama say something similar that doesnt help anyone economically.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    I always had a bad feeling about this pope and I am saddened that my fears have realized. I am a proud Catholic, not necessarily devout but there have been enough bad decisions and proclamations under this pope to be embarrasing.
    Neither side in an argument can find the truth when both make an absolute claim on it.

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    why would any sovereign country have a problem with this aspect of the proposal [/s]:
    "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 globalizes world."
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    Is the Vatican going to make the first deposit?

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    Quote Originally Posted by 1Perry View Post
    Is the Vatican going to make the first deposit?
    Too much cash tied up in molestation lawsuits most likely.

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    Quote Originally Posted by Hare View Post
    Too much cash tied up in molestation lawsuits most likely.
    Well someone was gonna say it.

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    well, the good news is, that's one back I would camp outside and protest if it came to be.

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    Re: Vatican Calls for 'Central World Bank' to Be Set Up

    I don't even understand why they think this would be a good idea. What do they think having a central world bank would accomplish? We've seen how much havoc can be caused with a European Central Bank...and that's just a regional bank among countries that already do a lot of trade with each other. Why would anyone want to export that problem to the rest of the world, and magnify it by including countries that are far more different from one another than, say, Greece and Germany are? I suspect that the Catholic Church doesn't have many economists onhand to tell them all the reasons this is a stupid idea.
    Last edited by Kandahar; 10-25-11 at 02:44 AM.
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