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Old 05-16-2013, 02:05 PM   #1
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Default Pope Denounces "Cult of Money"

Pope Francis has attacked the “dictatorship” of the global financial system and warned that the “cult of money” was making life a misery for millions.

“While the income of a minority is increasing exponentially, that of the majority is crumbling.”

He said free-market capitalism had created a “tyranny” and that human beings were being judged purely by their ability to consume goods.

http://www.telegraph.co.uk/news/reli...-of-money.html

As a lapsed Catholic (long, long ago) the pontificate and church mean little to me, but I have to admit this Pope is a refreshing new voice on the world stage.

He brings up the issue that every politician, in every country, is too gutless, or too "owned" to mention.
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Old 05-16-2013, 02:16 PM   #2
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Way to go Pope Francis.
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Old 05-16-2013, 02:38 PM   #3
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He won't last.
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Old 05-16-2013, 02:49 PM   #4
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He could have a garage sale at the Vatican and feed the poor for a gazillion years...... who would miss a few paintings here and there?
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Old 05-16-2013, 02:52 PM   #5
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He won't last.
He's 76 years old! Of course he won't last.

As a former Catholic myself, it is nice to hear it, but as Ned Stark would say, words are wind. Back it up. Pony Boy's right. The moment I see the pontificate selling off some of their holdings, ill start paying more attention.
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Old 05-16-2013, 04:32 PM   #6
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It's the cult of fiat money. A simple savings account could maintain purchasing power before 1971. The wealth gap grew wider after hedging became essential to financial planning. The financial sector's share of GDP exploded in the post-1971 world. The poor have less access to these services or less expertise in general. They fall further behind as the rich get richer.
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Old 05-16-2013, 04:57 PM   #7
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It's the cult of fiat money. A simple savings account could maintain purchasing power before 1971. The wealth gap grew wider after hedging became essential to financial planning. The financial sector's share of GDP exploded in the post-1971 world. The poor have less access to these services or less expertise in general. They fall further behind as the rich get richer.

A large number of baby boomers can not afford to retire and there is a severe scarcity of jobs now with not much hope for new job creation ahead.
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Old 05-17-2013, 10:40 AM   #8
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He could have a garage sale at the Vatican and feed the poor for a gazillion years...... who would miss a few paintings here and there?
So could the Louvre. Of course, then it would no longer be the Louvre, would it?
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Old 05-17-2013, 12:17 PM   #9
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He's right. Again.
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Old 05-24-2013, 07:28 PM   #10
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[W]hen the results are distributed as unequally as they are at this moment, when the gap between promise and reality grows so wide, when elites can fail repeatedly and never lose their perches of privilege while ordinary people can never work their way out of debt, equal opportunity becomes a dream. We measure inequality in numbers—quintiles, average and median incomes, percentages of national wealth, unemployment statistics, economic growth rates—but the damage it is doing to our national life today defies quantification. It is killing many Americans’ belief in the democratic promise—their faith that the game is fair, that everyone has a chance. That’s where things have unquestionably deteriorated over the past generation.
http://www.newyorker.com/online/blog...-politics.html
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Old 05-24-2013, 07:37 PM   #11
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The Catholic Church is the cult of money. They're pushing our borders open to bring in illegal Catholics.
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Old 05-25-2013, 04:52 AM   #12
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The Catholic Church is the cult of money. They're pushing our borders open to bring in illegal Catholics.
You're an idiot.
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Old 05-25-2013, 05:47 AM   #13
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Most people who are on heavy debt have made poor decisions, it is not just the system beating people down.... I also find it suspect this concern comes from the wealthiest land owner on the entire globe, the one that pays no taxes, who often perpetuates off the backs of those in debt....

People need to make better financial decisions, and quit confusing credit with cash in the bank.... There not the same, not even close....
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