Known for his personal humility and broad intellect, the first Americus Pope has shown a willingness to confront the moral predation of corrupt socialist politicians and their elite crony capitalist fellow travelers who engage in massive deficit-spending on themselves. The homeland of Francis I is blessed with fertile land and abundant water, but every 10 years its people are impoverished by the grim inflation that follows massive deficit spending.
Approximately 84% of the world believes in religion; a third of those people are Christians; and over half of all the Christians are Catholic. The Church may have lost half its membership in the traditionally Catholic nations such as Italy,
“In 1913, the gross domestic product (GDP) of Argentina was about equal to those of France and Germany and close to that of the US. By 1950, Argentina’s GDP per capita wasn’t even half that of the United States. Currency values plummeted. Inflation reached 5,000% at one point in the 1970s. Prices increased by a factor of 20 billion from 1975-1991 – over 300% per year. In 1983, at the urging of the IMF, a new peso was introduced at a value of 10,000 to one of the old pesos. Ouch. And that was just the beginning!
The Peronist government elected in 1989, made a deal with the IMF, which promptly collapsed, leading to a rapid 12,000% inflation. On January 1, 1992, a new monetary reform replaced the austral currency with the new peso at a rate of 10,000 australs for one peso. Another 10,000-fold devaluation – twice within ten years!”
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