Revelation 13:7 NLT “And he was given authority to rule over every tribe and people and language and nation.”
Editor's Notes: Globalization is not just a trend, it's a soon-coming reality and a clear sign of the Last Days and the rise of the antichrist. The antichrist will institute a universal government, monetary system, and religion. The Book of Revelation tells us that one day, a single man will rule all the people and nations on the earth. With each passing day more and more nations are surrendering their sovereignty to larger global institutions such as the European Union, the United Nations, the International Monetary Fund, and the World Court.
“Against all odds, the frameworks of the world’s economic, political, and social systems are being shaken and are beginning to crumble.”
-Jim Bakker in “Prosperity and the Coming Apocalypse”
The Vatican called Monday for radical reform of the world’s financial systems, including the creation of a global political authority to manage the economy.
A proposal by the Pontifical Council for Justice and Peace calls for a new world economic order based on ethics and the “achievement of a universal common good.” It follows Pope Benedict XVI’s 2009 economic encyclical that denounced a profit-at-all-cost mentality as responsible for the global financial meltdown.
The proposal acknowledges, however, that a “long road still needs to be traveled before arriving at the creation of a public authority with universal jurisdiction” and suggests the reform process begin with the United Nations as a point of reference.
Vatican pronouncements on the economy are meant to guide world leaders as well as the global church. United States Roman Catholic bishops, for example, have released a voter guide for the 2012 election that highlights social concerns such as ending poverty.
“It is an exercise of responsibility not only toward the current but above all toward future generations, so that hope for a better future and confidence in human dignity and capacity for good may never be extinguished,” the document said.
It highlights that reforms must assure that financial and monetary policies will not damage the weakest economies while also achieving fair distribution of the world’s wealth.
The proposal also called for a “minimum, shared body of rules to manage the global financial market,” lamenting the “overall abrogation of controls” on capital movements.
While past Vatican pronouncements have condemned unfettered capitalism, the latest criticized “an economic liberalism that spurns rules and controls.”
It also attacked “utilitarian thinking,” saying what is useful to the individual does not always favor the common good.