Pope speaks out against greedy moneymen who sparked credit crisis

Image

Rome: December 11, 2008. The pontiff launched a fierce attack on the financial institutions responsible for the economic downturn, and said their actions were directly linked to world poverty and starvation.

In message for World Peace Day on January 1, the Pope said finance which focused on short term profit was 'a threat to all.' He said the current food crisis had not been created by a lack of food but 'the phenomenon of speculation and the inability of economic and political institutions to deal with needs and emergencies'. "The unbridled pursuit of wealth for wealth's sake creates a risk that in the world the rich will live in an ivory tower surrounded by a desert of poverty and degradation," he wrote. "Financial activity is only focused on itself without any consideration of the long term, the common good." The Pope said globalisation gave countries the opportunity to work together in beating world poverty and he urged world leaders to spend less on military weapons and more on development. He ended the message with an appeal to everyone to "open their hearts to the needs of the poor and do whatever is concretely possible to come to their aid. Combating poverty means building peace". Pope Benedict's message for World Peace Day is called "Combating Poverty, Building Peace."

You May Also Like

Image

A Baloch Political trader killed by death squad in historic city of Naal. By Ahmar Mustikhan

Shahjahan Kurd, a shopkeeper in Naal town of Balochistan was gunned down Saturday. He was the sole breadwinner of his extended family which include

Image

Trump cowardly & irresponsibly is trying to reinvent wheel about State-craft about Ukraine war. By Hem Raj Jain

— It is a matter of common knowledge that Ukraine couldn’t dare to fight or think of fighting a war against invading militarily much mo

Image

Wanted Karachi gangster Shahzain Marri may have Baloch terror links. By Ahmar Mustikhan

Son of a Rolex-loving tyrannical Baloch feudal lord is on the run from the law in Pakistan after the February 19 beating of two Sindhi youths who a



"Trial of Pakistani Christian Nation" By Nazir S Bhatti

On demand of our readers, I have decided to release E-Book version of "Trial of Pakistani Christian Nation" on website of PCP which can also be viewed on website of Pakistan Christian Congress www.pakistanchristiancongress.org . You can read chapter wise by clicking tab on left handside of PDF format of E-Book.

nazirbhattipcc@aol.com , pakistanchristianpost@yahoo.com