By Kurt Nimmo | Infowars.com | Oct. 24, 2011

The Vatican has called for a “global public authority” and a world central bank to rule over financial affairs in the wake of the engineered economic collapse.

A document released by the Vatican’s Justice and Peace department “should be music to the ears of the ‘Occupy Wall Street’ demonstrators and similar movements around the world who have protested against the economic downturn,” according to CNBC.

Condemning the “idolatry of the market,” the document states that the “economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence.”

The planned implosion of the global economy “has revealed behaviors like selfishness, collective greed and hoarding of goods on a great scale.”

The 18-page document, entitled “Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” declares global economics needs an “ethic of solidarity” among rich and poor nations.

“If no solutions are found to the various forms of injustice, the negative effects that will follow on the social, political and economic level will be destined to create a climate of growing hostility and even violence, and ultimately undermine the very foundations of democratic institutions, even the ones considered most solid,” it said.

In response, the Vatican is calling for “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions. The authority will be run by the United Nations, according to the document.

It will take time to replace economic policies and in the process destroy national sovereignty, according to the Vatican.

“Of course, this transformation will be made at the cost of a gradual, balanced transfer of a part of each nation’s powers to a world authority and to regional authorities, but this is necessary at a time when the dynamism of human society and the economy and the progress of technology are transcending borders, which are in fact already very eroded in a globalizes world.”