Pope Francis and the Vatican are urging the establishment of a world central bank in order to “stabilize world finance” and reduce income inequality.
Submitted through the Vatican’s Office of Justice and Peace, the 18-page document entitled “Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority” calls for a “supranational monetary authority” that will oversee international monetary matters. Pope Francis and his co-authors say that the global central bank would operate in the same vain as a national central bank “that regulates the flow and system of monetary exchanges.”
The pope warned in the report that if an international monetary authority is not commissioned and formed then the gap between the rich and poor would widen.
“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,” the paper states.
What makes the report rather interesting is the open acknowledgement that a world central bank would eradicate sovereignty and independence of nations. The paper does say that the benefits of having a world central bank supersede a national central bank would outweigh the costs.
Here is the passage (emphasis ours):
“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.”
Pope Francis is a Jesuit, which are a group of communists, and central banking is an element of communism.
Since leading the Vatican, the pope has become the religious authority on global warming, immigration and now international economics. If he really cared about the income gap then he would advocate for the end of central banks and centralized economic planning.
What were the Catholics thinking when they picked this guy?