"Our world economic system can't take it anymore," he told Spanish newspaper La Vanguardia. "We discard a whole generation to maintain an economic system that no longer endures."
"Inequality is the root of social evil," he recently tweeted and during a UN address he said, "Equitable economic progress will be made by the legitimate redistribution of economic benefits by the state."
Liberals are crazy about the guy and conservatives blast him as a socialist.
The real question? Is he right about the global economy? Is he correct in assuming that what goes up, must come down?
Financial expert James Rickards, author of the best-selling book, The Death of Money predicts "...the coming collapse of the the international monetary system."
"We are on the precipice now," says Rickards. "The mistakes have already been made. The instability is already in the system; we are just waiting for a catalyst. It's coming because the instability is already here."
Rickards explains, "It is the thing you won't see coming that will take the system down."
According to Rickards: "The international monetary system has collapsed three times in the past hundred years. Each collapse was followed by a period of tumult, war, civil unrest."
Pope Francis has challenged the world's business-elite to do more to help the poor and vulnerable. If James Rickards' predictions prove correct, they're going to be needing all the help they can get.
James Rickards on financial collapse...
A wise man once said: "One of the greatest disservices you can do to a man is to lend him money he can't pay back." --Jesse H. Jones, US Secretary of Commerce
"Keep your lives free from the love of money and be content with what you have, because God has said, 'Never will I leave you; never will I forsake you.' That is why we can say with confidence, 'The LORD is my helper, so I will not be afraid. What can mere mortals do to me?'" (Hebrews 13:5-6)
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