Mr. Sagar is telling on World Wide economy crises

POPE TO RESIGN ON FEB 28 February 12, 2013 Pope Benedict XVI announced Monday he will resign on February 28 because his age prevented him from carrying out his duties, an unprecedented move in the modern history of the Catholic Church. “After having repeatedly examined my conscience before God, I have come to the certainty that my strengths, due to an advanced age, are no longer suited to an adequate exercise of the Petrine ministry,” the 85-year-old pope told a meeting of cardinals. “In order to govern the bark of Saint Peter and proclaim the Gospel, both strength of mind and body are necessary, strength which in the last few months, has deteriorated in me to the extent that I have had to recognise my incapacity to adequately fulfill the ministry entrusted to me,” he said. “For this reason, and well aware of the seriousness of this act, with full freedom I declare that I renounce the ministry of Bishop of Rome, Successor of Saint Peter, entrusted to me by the Cardinals on 19 April 2005, in such a way, that as from 28 February 2013, at 20:00 hours, the See of Rome, the See of Saint Peter, will be vacant and a Conclave to elect the new Supreme Pontiff will have to be convoked by those whose competence it is,” he said.