No1Special---I demand an answer!!!!!

by LDH 13 Replies latest jw friends

  • LDH
    LDH

    Hey dude--I'll send you an email to make sure you see this---

    In the thread Yadira posted, you stated:

    When I was a rising star, I used to help collect the money from the contribution boexes after the meetings. most congregations have at LEAST 4 seperate collection boxes:

    1) Worldwide work -- aka "extortion for literature" ; Goes straight to Brooklyn

    2) Society's Kingdom Hall Building Fund -- best scam of them all, goes to a seperate account in Brooklyn and then loaned back WITH INTEREST to the locals to build Kingdom Halls.

    3) Local Fund -- pays the local recurring expenses (lights, heat, phone, etc.)

    4) Local Building Fund -- local money for remodeling and large scale improvements, or for use as downpayment for new Kingdom Hall.

    Could you please describe this in greater detail? As any sister can tell you, we were never privy to the way the accounting worked.

    Are you telling us sweet old sisters that we paid interest to loan ourselves our own money?!?!?!

    And also, please verify whether the cong. had to send a standard amount to Brooklyn even if our own accounts weren't met.

    Thanks,

    Lisa

  • WildHorses
    WildHorses

    Lisa, I have heard this before. The kingdom Halls borrow money from the Org and have to pay interest on those loans.

    I don't want someone in my life I can live with. I want someone in my life I can't live without.
  • Matty
    Matty

    All the congregations now have an extra contribution box because they can use the box that was previously used for field service reports, which are now collected by the book study overseers.

  • Reborn2002
    Reborn2002
    Society's Kingdom Hall Building Fund -- best scam of them all, goes to a seperate account in Brooklyn and then loaned back WITH INTEREST to the locals to build Kingdom Halls.

    From what I know, this is correct.

    When I worked a few times on QuickBuilds, I talked with an accounts servant a few times about this.

    The money donated and placed in the Kingdom Hall Building Fund is sent to the Society, and then subsequently loaned back out to congregations in need of financial assistance WITH INTEREST to pay for builds.

    Pretty sick scheme eh? You never really comprehended how corrupt the WTBTS is until you get "out" and gaze back without "rose-colored glasses" on.

    It is not religious persecution for an informed person to expose publicly a certain religion as being false, thus allowing persons to see the difference between false religion and true religion.
    WT 11/15/1963 page 688 paragraph 3

  • MoeJoJoJo
    MoeJoJoJo

    Hard to believe isn't it?

    On a related note:
    Correct me if I'm wrong: Isn't the org a non-profit business? Wouldn't the $$$ they receive in interest be profit? I read something about this before - I don't remember which country it was in but the Society got into some trouble for this very reason.
    Maybe it was rumor. If anyone else has heard this, please respond.

  • hillary_step
    hillary_step

    Lisa,

    Are you telling us sweet old sisters that we paid interest to loan ourselves our own money?!?!?!

    Yes, you have, at a 3% interest rate in Europe, I suspect it is the same internationally.

    An interesting admission heard recently from a CO is that contributions have dropped severely in the US. This is seen as being due to the dismay felt by many JW's who have reacted over the issue of the millions of dollars spent on 'Patterson', a 'disgusting thing' that it seems is causing financial desolation.

    The GB are extremely disturbed at the lack of contributions coming through from the congregations. I believe that when the 'child-abuse' compensation hits the $1,000,000 level, instead of the relatively small sums paid out in the past it will cause a cash crisis.

    Satan sure has been nasty lately has he not....lol

    Best regards - HS

  • Imbue
    Imbue

    The WT is the bank for KH building. They are in the banking business. No doubt!

    Crazy is doing the same thing over and over again and expecting different results.

  • AGuest
    AGuest

    Dearest Lisa... peace to you!

    And yes, it is true:

    The publishers donate money the KH Building Fund, which is 'donated' per congregation to the WTBTS. When a congregation wishes to build a hall, it applies for a loan from the WTBTS, which monies are taken from this fund... and loaned... with interest.

    That is why there are Halls in more affluent lands, those that can PAY BACK loans, WITH INTEREST... versus those lands which can't. IT would unscriptural to even charge the less affluent lands interest... so they just don't make them the loans. Sad, isn't it?

    I know this because, although a woman, I had the 'privilege' of handling the paperwork, books and accounts for two (2) congregations. (Oh, yes I did, naysayers!) They asked me to do it because they 'trusted' me as a business person; and, although a woman, I gave them no reason not to and accepted the request with rejoicing. It was a privilege, I thought.

    But I know my Lord's 'hand' in it, in that it was quite unusual a request AND it was then that I found out that although congregations are said to hold title to the Halls, title is IN FACT held by the P.O., Secretary and one other brother, as 'directors' of a 'corporation' which is the congregation, and who, as such, are not only personally liable, but can make certain decisions without consulting the congregation at all. The corporations are set up that way.

    That is why when a publisher is in NEED... they are not given 'congregational' assistance as the excuse is that the congregation, in its entirety, must be asked and a resolution passed (which is untrue, as the directors CAN make a decision to start a fund for this very purpose, with the approval of the congregation). However, the current setup DISCOURAGES ones from seeking assistance, as they may not want their entire business put out there under everyone else's scrutiny. It is unloving... and it works: no one asks due to the risk of great exposure, embarrassment... and humiliation.

    No one really owns anything except the WTBTS, which takes money 'donated' to it, and makes more money FROM it, and then buys real estate to increase ITS wealth and holdings. The Halls, then, because they are MORTGAGED by the WTBTS... are therefore OWNED by it, as well.

    Why does the Government allow it, if they are a non-profit? Honey, the Government (kings of the earth), Religion/WTBTS (false prophet and Wild Beast), and False Christs/Anointed (Harlot)... need one another:

    The Government needs religion to keep the people relatively peaceful so it can exert its 'power', and 'dominate man'; the Wild Beast needs the Harlot to mislead even the chosen ones, so that they can consume the 'houses of widow(ers)' and increase its influence; the Harlot needs the wild beast to make HER rich, to take CARE of her, and in order to receive this care and wealth, she gives them the 'blood' of her brothers, the holy ones, in exchange. They're all in bed together, dear one. As it was prophesied they would be.

    Too bad... too bad...

    A slave of Christ,

    SJ

  • MoeJoJoJo
    MoeJoJoJo

    I remembered where I read what I commented on in my above post. It was in Ray Franz's book IN SEARCH OF CHRISTIAN FREEDOM.

    On page 279, (Legalism-Opponent of Christian Freedom) Ray speaks about how the Branch Committee in Colombia was preparing for an annual zone visit and had a list of questions to which they sought answers from the headquarters representative. One of the questions on the (and I quote from ISOCF) "list dealt with the branch's reporting of certain income to the government as donations, while showing it on their books for the Society as investment returns."

    The branch members "felt disturbed about this..."

    Here is their question: "According to Colombian law for non-profit corporations we are prohibited from making loans on which interest is charged. Doing so would classify us as a commercial firm and liable to pay corporate taxes at the rate for limited partnerships. At the moment we classify the income from Hall loan repayments, which includes interest, as donations for purposes of reporting to the government on our tax return. However, on the Society's books this income is classed as investment returns, and on the individual loan ledgers the payments on principal and interest are clearly identified. Could we have your comments on the moral aspects of this procedure?"

    So to correct my previous post, I remembered incorrectly, the book does not say that the Society was actually got into any legal trouble, but the branch members themselves did realize that this situation was morally and legally wrong.

  • Reborn2002
    Reborn2002

    WOW.

    AGuest is a woman!

    Fascinating experience, and very insightful.

    I applaud you on the quality of your posts lately too. They are definitely not as "unnecessarily verbose" as before.

    I also apologize if I ever came off as rude to you when I did question the length of your posts. I try to be a gentleman, and treat the ladies deserving with respect.

    It is not religious persecution for an informed person to expose publicly a certain religion as being false, thus allowing persons to see the difference between false religion and true religion.
    WT 11/15/1963 page 688 paragraph 3

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