Did the pope predict US market crash back in 1985?
Friday, November 28, 2008 by Taylor Marshall | E-mail this post
From American Papist: Not Your Average Catholic! by Thomas Peters
Pope Benedict XVI was the first to predict the crisis in the global financial system, a ``prophecy'' dating to a paper he wrote when he was a cardinal, Italian Finance Minister Giulio Tremonti said.Here is the text of the article of Cardinal Ratzinger's that the report refers to.
``The prediction that an undisciplined economy would collapse by its own rules can be found'' in an article written by Cardinal Joseph Ratzinger, who became pope in April 2005, Tremonti said yesterday at Milan's Cattolica University.
German-born Ratzinger in 1985 presented a paper entitled ``Market Economy and Ethics'' at a Rome event dedicated to the Church and the economy. The future pope said a decline in ethics ``can actually cause the laws of the market to collapse.''
Pope Benedict in an Oct. 7 speech reflected on crashing markets and concluded that ``money vanishes, it is nothing'' and warned that ``the only solid reality is the word of God.'' (Bloomberg)
Hat tip to Eric Wilson.
Labels: Benedict XVI, News, Politics, Pope
by Taylor Marshall
Taylor's New Book
More About
Taylor Marshall
-
Who is Taylor Marshall?
Recent Comments
Catholic Perspective on Paul Podcasts by Taylor Marshall
- #1 Rabbi Saul Becomes Apostle Paul
- #2 Will the Real Paul Stand Up?
- #3 Did Paul Believe in the Catholic Church
- #4 Justified by Faith or Faith Alone?
- #5 Paul on Baptism and Being Born Again
- #6 Paul on Mortal Sin and Confession
- #7 Paul on Purgatory
- #8 Paul on the Eucharist as Sacrifice
- #9 Was Paul a Catholic Priest?
- #10 Paul's Celibacy and Fatherhood
- #11 Paul on Matrimony and Marital Roles
- Taylor Marshall's Conversion Story
Catholic Apocalypse Podcasts by Taylor Marshall
Jewish Roots of Catholicism Podcasts by Taylor Marshall
- Jewish Messiah, Catholic Christ
- Jewish Tevilah, Catholic Baptism
- Jewish Passover, Catholic Mass
- Jewish Manna, Catholic Eucharist
- Jewish Levites, Catholic Clergy
- Jewish Vestments, Catholic Vestments
- Jewish Temple, Catholic Cathedral
- Jewish Synagogue, Catholic Parish
- Jewish Nazirites, Catholic Monastics
- Jewish Marriage, Catholic Marriage
Catholic Apologetics by Taylor Marshall
Popular Posts
Thomism
- Corpus Thomisticum (opera omnia)
- Summa Theologica in English
- Garrigou-Lagrange Commentaries:
- ~ The One God (ST I.1-26)
- ~ Trinity and Creator (ST I.27-119)
- ~ Beatitude (ST I-II.1-54)
- ~ Grace (ST I-II.109-114)
- ~ Faith (ST II-II.1-16)
- ~ Christ the Savior (ST III.1-26, 31-59)
Catholic Culture
Blogroll
- Aggie Catholics
- Aimee Milburn
- American Papist
- Amy Welborn
- The Anchoress
- Andrew Cusack
- An Examined Life
- Atonement Online
- Black Cordelias
- The Blue Boar
- Called to Communion
- Christian and American
- Conservative Blog for Peace
- Curt Jester
- Dawn Patrol
- Dissoi Blogoi
- The Divine Lamp
- Domine Da Mihi Hanc Aquam
- Ecumenicity
- First Things Blog
- Gospel of the Body
- Happy Catholic
- Ignatius Press Blog
- In Light of the Law
- Irish-Catholic and Dangerous
- Iustificare
- Jimmy Akin
- Just Thomism
- Klemens Raab
- Laodiciea
- Laudem Gloriae
- Libertas et Memoria
- Mark Shea
- Meam Commemorationem
- New Liturgical Movement
- Opinionated Catholic
- Per Caritatem
- Per Christum
- Peter Leithart
- Principium Unitatis
- Random Thoughts
- Reformed Catholicism
- Rod Dreher
- Roman Catholic Blog
- Sacra Doctrina
- Sacramentum Vitae
- The Sarabite
- Shrine of Holy Whapping
- Scholasticus
- Singing in the Reign
- The Smithy
- Standing On My Head
- TexAnglican
- Theology of the Body
- Thomistic Disciple
- Timotheos Prologizes
- TitusOneNine
- Vindiciae Ignatianae
- The Way of the Fathers
- What Would Charles Martel Do?
- You Are Cephas
Links
- The Catholic Perspective on Paul
- Catechism of the Catholic Church
- Chesterton Society
- C.S. Lewis: Into the Wardrobe
- Domestic Church
- EWTN Headlines
- Fr. William G. Most
- First Things
- FSSP Photos
- John Duns Scotus Archive
- Lancelot Andrewes
- Liturgical Credo
- Mother Teresa Tribute
- Newly Created Latin Words
- New Oxford Review
- N.T. Wright
- Onion Dome
- Orthodox Natural Family Planning
- The Paul Page
- Project Canterbury
- Psalters, Breviaries, Choir Books, Book of Hours, and other Liturgical Works
- Society of King Charles the Martyr
- Stephanos Project
- St Josemaria Escriva Works
- Sweeter Than Honey: Natural Family Planning
- Thesaurus Precum Latinarum
- Touchstone: A Journal of Mere Christianity
- Writings of the Church Fathers
Archives
- December 2005
- January 2006
- February 2006
- March 2006
- April 2006
- May 2006
- June 2006
- July 2006
- August 2006
- September 2006
- October 2006
- November 2006
- December 2006
- January 2007
- February 2007
- March 2007
- April 2007
- May 2007
- June 2007
- July 2007
- August 2007
- September 2007
- October 2007
- November 2007
- December 2007
- January 2008
- February 2008
- March 2008
- April 2008
- May 2008
- June 2008
- July 2008
- August 2008
- September 2008
- October 2008
- November 2008
- December 2008
- January 2009
- February 2009
- March 2009
- April 2009
- May 2009
- June 2009
- July 2009
- August 2009
- September 2009
- October 2009
- November 2009
- December 2009
