Vatican Calls For World Economic System

Ephesians 5:14-17 Wherefore he saith, Awake thou that sleepest, and arise from the dead, and Christ shall give thee light. See then that ye walk circumspectly, not as fools, but as wise, Redeeming the time, because the days are evil. Wherefore be ye not unwise, but understanding what the will of the Lord is.

VATICAN CALLS FOR WORLD ECONOMIC SYSTEM

(Friday Church News Notes, November 4, 2011, www.wayoflife.org fbns@wayoflife.org, 866-295-4143) - The following is excerpted from “Vatican wants reform of world financial system,” AP, Oct. 24, 2011: “The Vatican called Monday for radical reform of the world’s financial systems, including the creation of a global political authority to manage the economy. A proposal by the Pontifical Council for Justice and Peace calls for a new world economic order based on ethics and the ‘achievement of a universal common good.’ It follows Pope Benedict XVI’s 2009 economic encyclical that denounced a profit-at-all-cost mentality as responsible for the global financial meltdown. The proposal acknowledges, however, that a ‘long road still needs to be traveled before arriving at the creation of a public authority with universal jurisdiction’ and suggests the reform process begin with the United Nations as a point of reference.”