Pope's new year address deplores rampant capitalism

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Aurora

Pope's new year address deplores rampant capitalism

Post by Aurora »

BBC News - 01/01/13

Pope Benedict XVI has condemned "unregulated capitalism" for contributing to world tension, in a new year address to worshippers.

Article continues ...
:roll: Effing hypocrite! :evil:
The Vatican has large investments with the Rothschilds of Britain, France and America, with the Hambros Bank, with the Credit Suisse in London and Zurich. In the United States it has large investments with the Morgan Bank, the Chase-Manhattan Bank, the First National Bank of New York, the Bankers Trust Company, and others. The Vatican has billions of shares in the most powerful international corporations such as Gulf Oil, Shell, General Motors, Bethlehem Steel, General Electric, International Business Machines, T.W.A., etc.

At a conservative estimate, these amount to more than 500 million dollars in the U.S.A. alone.

The Vatican's treasure of solid gold has been estimated by the United Nations World Magazine to amount to several billion dollars. A large bulk of this is stored in gold ingots with the U.S. Federal Reserve Bank, while banks in England and Switzerland hold the rest. But this is just a small portion of the wealth of the Vatican, which in the U.S. alone, is greater than that of the five wealthiest giant corporations of the country. When to that is added all the real estate, property, stocks and shares abroad, then the staggering accumulation of the wealth of the Catholic church becomes so formidable as to defy any rational assessment.

The Catholic church is the biggest financial power, wealth accumulator and property owner in existence. She is a greater possessor of material riches than any other single institution, corporation, bank, giant trust, government or state of the whole globe. The pope, as the visible ruler of this immense amassment of wealth, is consequently the richest individual of the twentieth century. No one can realistically assess how much he is worth in terms of billions of dollars.
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JohnB
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Re: Pope's new year address deplores rampant capitalism

Post by JohnB »

The Vatican has large investments with the Rothschilds of Britain, France and America, with the Hambros Bank, with the Credit Suisse in London and Zurich. In the United States it has large investments with the Morgan Bank, the Chase-Manhattan Bank, the First National Bank of New York, the Bankers Trust Company, and others. The Vatican has billions of shares in the most powerful international corporations such as Gulf Oil, Shell, General Motors, Bethlehem Steel, General Electric, International Business Machines, T.W.A., etc.
What a wonderful thing to do. I assume they are using their wealth to get inside the businesses that are doing all the harm, and using their voting power to change them, so they benefit the poor and the meek, like what that bloke they worship wanted done.
:roll:
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featherstick
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Post by featherstick »

Is the Pope a hypocrite?

Is the Pope a Catholic?
"Tea's a good drink - keeps you going"
Aurora

Post by Aurora »

featherstick wrote:Is the Pope a hypocrite?

Is the Pope a Catholic?
No. he's a bear. :wink:
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emordnilap
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Post by emordnilap »

I thought he was a nazi.
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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RenewableCandy
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Post by RenewableCandy »

Apparently sh*tting in the woods is not a Mortal Sin. In fact, it helps the trees grow.
Soyez réaliste. Demandez l'impossible.
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Aurora

Post by Aurora »

emordnilap wrote:I thought he was a nazi.
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