Vatican Calls For Central World Bank And Global Authority

The Vatican has called 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of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in controlling the masses. A major document from the Vatican’s Justice and Peace department 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.The 18-page document, “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.

 

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