Let's set a few things straight: First, the Society's cash flow issues did not begin with the current recession. They began many years ago with the "Voluntary Donation Arrangement". The cultists in control naivelly thought that they would make out like bandits, with money pouring in from public donations, as well as publishers. This was done in reaction to Jimmy Swaggart's loss of his tax court case.
As soon as they did this, panic set in. Donations plunged and they had to cut back and discreetly demand donations ( as in letters telling some congregations to cough up more cash). Food service at assemblies turned into an utter disaster and had to be canceled precipitously.
Over time, their problem with cash flow has gotten worse as they never seem to stop cutting just like any sunset industry. I was told that they tend to quickly liquidate whatever estate property is willed to them. The conversion to paperbacks was to save money. The mass layoff of Bethelites was partly due to expenses but also the fact that Bethelites have become a legal liability, as courts aren't buying the excuse that they are just volunteers!
While we're at it, let's focus on LIABILITY! So far, we just talk about cash flow problems but liabilty is a big part of the decline of the Watchtower.
Do you realize that, as things stand now, the Watchtower may be as vunerable as the Catholic Church BUT WITHOUT THE ASSET BASE?
The Organization is a strict Hierarchy with a chain of command stretching from local elders up to the Governing Body. Do you think a lawsuit might follow up the ladder? I was told by a Bethelite some time ago that the last thing they want is some ancient Governing Body member put on a witness stand in court. That's why they split up their corporations like nine ways, just like any liable company in the world.
They also must digest the expensive change in the status of Bethelites. Did they dump Bethelites in Spain because they must pay pensions or other benefits as workers and not as volunteers? The same has happened in the US with regard to worker compensation and accident liability. I have long argued that Circuit Overseers are a dangerous liability because congregations are not autonomous. They need to make a painful change here.
The Watchtower Empire is stretched paper thin across the globe with pitiful donations to support the Reich and liabilities that have exploded. It ain't pretty.
metatron