Friday, November 21, 2008

Italian Finance minister: Pope Benedict predicted financial crisis first: paper about dangers of economic conditions such as those in America in 1985

(Journey in a Broken World; c.f. Bloomberg 20/11/08; group of sources added 21/11/08)

Article by Marc Aupiais

As the Vatican advises the world on the current financial crisis, Italy's Finance Minister has called global attention to the fact that the Leader of Italy's landlocked neighbor: the Vatican; estimated that such a crisis would occur back in 1985, when still Cardinal Ratzinger.

The cardinal had warned of a connection between ethics and economics: saying that when ethics decline, financial collapse can follow!

In 1992, the Republicans, along with controversial Senator McCain, no relation to the brand of chips that we know of: had sponsored a bill to clean up America's financial regulations; it was rejected by the "Democrats", who currently hold the white house in America.

G.K Chesterton: suggested an economic proposal which is different from free-market economics, which may be of use to governments now. Essentially, the wisdom of "God's Rotweiler", has again proven why he was such a good candidate for the papal chair. "God's Rotweiler" being Benedict XVI, who hopes to guide the world into wiser market ethics, and systems. Morality, is what is seen in early Catholic doctrine, as the acting of what materially is sanity.

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