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Pope Francis: Global economy nearing record collapse, sign of the end?

Pope Francis issued a scathing denunciation on the global economy this week, warning that its collapse is nigh because of the money-hungry greed that is rampantly breaking down core values that keep our world together. The 77-year-old Roman Catholic leader spoke of a “throwaway culture” of greed and the “atrocity” of unemployment on an international scale, saying “our world cannot take it anymore.”

Reports the Huffington Post on June 13th: “An economy built on money-worship and war and scarred by yawning inequality and youth unemployment cannot survive, the 77-year-old Roman Catholic leader suggested in a newly published interview.”

The Holy Father laid into our world’s “idolatrous” economy that he says has led to new highs in unemployment among our world’s youth – which hit 13.1 percent last year, according to a report by the International Labor Organization (ILO).

“We are excluding an entire generation to sustain a system that is not good,” Pope Francis said. "Our global economic system can’t take any more."

“The rate of unemployment is very worrisome to me, which in some countries is over 50 percent,” he said. “Someone told me that 75 million young Europeans under 25 years of age are unemployed. That is an atrocity.” Francis was incorrect on that point – the stat of 75 percent is a worldwide total for individuals under the age of 25, not just Europeans, according to the ILO.

Pope Francis denounced an economic system that has to “make war” to survive.

“We discard a whole generation to maintain an economic system that no longer endures, a system that to survive has to make war, as the big empires have always done,” he said. “But since we cannot wage the Third World War, we make regional wars. And what does that mean? That we make and sell arms. And with that the balance sheets of the idolatrous economies – the big world economies that sacrifice man at the feet of the idol of money – are obviously cleaned up.”

Our world cannot take it anymore. Our global economic system can’t take any more. --Pope Francis

Francis spoke of young people and elderly, calling both groups “discarded” among an “idolatrous” world that feeds “the god of money.”

“Young people are thrown away when their vitality is limited,” Francis proclaimed. “The elderly are also discarded because they don’t serve any use anymore. In throwing away the kids and elderly, the future of a people is thrown away because the young people are going to push forcefully forward and because the elderly give us wisdom.”

Francis said the political systems of this world are near an end.

Indeed, the Bible speaks of a “wild beast” in the book of Revelation, which symbolizes major political powers on the earth's scene:

And I saw a wild beast ascending out of the sea, with ten horns and seven heads, and on its horns ten diadems, but on its heads blasphemous names. Now the wild beast that I saw was like a leopard, but its feet were like those of a bear, and its mouth was like a lion’s mouth. And the dragon gave to the beast its power and its throne and great authority. – Revelation 13:1,2

The apostle John saw this stunning vision of the Devil, represented as a dragon, standing on the shore of a sea. From those waters, a fearsome beast rose and received “power and its throne and great authority” from the dragon.

The seven heads of this wild beast stand for the six major world powers outlined in Bible prophecy, and thereafter in world history, up to John’s day—Egypt, Assyria, Babylon, Medo-Persia, Greece, and Rome—and a seventh world power ruling today. Daniel, in chapters 7 and 8 of his recorded book, received a similar vision.