Pope Had `Prophecy' of Market Collapse in 1985, Tremonti Says
Nov. 20 (Bloomberg) -- 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.
``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.''
The Vatican's official newspaper, l'Osservatore Romano, on the same day criticized the free-market model for having ``grown too much and badly in the past two decades.''The Pope is a punk ass bitch! I don't try and pretend that I know anything about banking and investments. But it was easy to predict the market crash using the Reinhardt method. Pretty much the reason why the markets crash is because Catholic business leaders funnel money through the Vatican.
I was so certain of the method is that I can out predicted the exact date of the market crash, because of their Catholic pilmigrage. The next time the market is going to take a hit is when they meet again, and funnel more money through the Vatican. Which will happen right around February 9th of 2009. Since they are meeting on Feb 5-7.
So spare me the drama Pope Benedict, your a scumbag that didn't predict anything. You knew this was going to happen and I so did I.