Vatican Calls for Global Market Watchdog
Markets not working for common good, Vatican report states
By Rob Quinn, Newser Staff
Posted Oct 25, 2011 1:55 AM CDT
The world's new financial watchdog?   (Getty Images)

(Newser) – Occupy Wall Street protesters may be a little surprised to learn that the Vatican supports some of their goals. A document released by the Vatican's Pontifical Council for Justice and Peace calls for the creation of a world body to police financial markets in order to to crack down on rampant capitalism and reduce inequality, the Guardian reports.

A central world bank would restore "the primacy of the spiritual and of ethics" and promote the common good over the needs of the financial industry, the document states, claiming that the International Monetary Fund is no longer up to the job of stabilizing global economies. The document quotes Pope John Paul II's lament about the "idolatry of the market" and stresses that its recommendations are built on existing church teachings.

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Showing 3 of 28 comments
AuDiophile
Oct 27, 2011 10:32 PM CDT
wow that's some scary stuff, just another step toward the N.W.O, or am I the only one that sees this? I mean really what else do you think this sounds like, shit is really starting to add up.
bewilderbeast
Oct 26, 2011 7:27 AM CDT
GLOBAL MARKET CALLS FOR VATICAN WATCHDOG
JoeQ
Oct 25, 2011 3:17 PM CDT
Yes, and the Roman Catholic Church has done such a fine job coaxing Italy on the right path.