The enemies of Christ's Church on earth have infiltrated to the highest levels. And now the enemy himself speaks from within. The gates of hell will put up a supreme challenge that will confuse even the elect if that be possible, but hell will not prevail in the end. Just as Christ suffered His Passion so His Church must do the same in these last days. We must not flee his side but instead ride out this tremendous storm in the Arc --which is His Church. We must place the Blood of the lamb on our doorposts by eating the Body and Blood of Jesus Christ. Finally, we must consecrate ourselves and pray heartily to the Blessed Virgin Mary who is the woman clothed with the sun and who will crush the head of the serpent. As Fr John Hardon, S.J., used to say, "Ordinary Catholics will not survive this age". I hasten to add those who have placed themselves outside the Catholic Church will suffer the worst confusion. Immaculate Heart of Mary pray for your children and the Church.
VATICAN CITY, Oct 24 (Reuters) - - The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.
The document from the Vatican's Justice and Peace department should please the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn.
"Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority," was at times very specific, calling, for example, for taxation measures on financial transactions.
"The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence," it said.
It condemned what it called "the idolatry of the market" as well as a "neo-liberal thinking" that it said looked exclusively at technical solutions to economic problems.
"In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale," it said, adding that world economics needed an "ethic of solidarity" among rich and poor nations.
"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," it said.
It called for the establishment of "a supranational authority" with worldwide scope and "universal jurisdiction" to guide economic policies and decisions.
Such an authority should start with the United Nations as its reference point but later become independent and be endowed with the power to see to it that developed countries were not allowed to wield "excessive power over the weaker countries".
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