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Pope Benedict XVI’s 1985 Economic Prediction Materializes

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Did Pope Benedict XVI prophecize Wall Street’s and the global economies’ collapse? Bloomberg’s Flavia Krause-Jackson and Lorenzo Totaro are reporting Italian finance minister’s promotion of Pope Benedict XVI’s prediction as prophetic.

“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.”

I think it’s simply Pope Benedict XVI’s economic brilliance and understanding of greed in a human world.

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Written by smalltalkwitht

November 20, 2008 at 4:37 pm

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