6 branches subsidize the rest of the branches. (page 3)

blondie

The WTS is cash poor...the end of the steady flow of money from the publications (ended in 1990 for US, and 2000 for others) took time to have effect. Cash flow is the issue; even after selling properties for millions, the expenses of running a large corporation(s) has caught up with them.

I worked with large institutions, building, renovating, maintaining, and it actually takes more money for the last 2 than the former.

Cash flow, reliable and predictable has ended more or less since 1990. That's part of the reason the WTS is trying to set up this new process through the congregation level, not individual jws. How much does the WTS earn on any monies they have in investments?

designs

It is stunning sometimes to ponder what poor business people the Leaders of the Wt. are.

Catholics, Lutherans and many other Denominations run Housing Centers for seniors and others, they make money or break even, but they at least have a business plan.

factfinder

I know the branches in Britain & Germany are supplying a lot of funds to other branches. No doubt the US is.

It is interesting that both last year and this year the book released at the convention was printed in Germany instead of at Wallkill. I wonder what the story is on that and if it is a permanent arrangement.

The magazines, km and tracts for the US are printed in Canada. How much literature is Wallkill still printing? I remember when they produced over 500 million publications around 6 years ago. Now it seems most of the other printing branches produce a lot more than the US branch does.

Does anyone have any info on this and if printing at Wallkill is being downsized?

They mentioned making "adjustments" to the Wallkill printery. I wonder what these "adjustments" are?

smiddy

congregations "in western countries" sometimes don't contribute enough even to pay for the cost of their literature, while congregations in poor african countries are giving their last cent to pay as much to the org as they can. "How sad a situation it would be if those poor brothers in africa where subsidizing our magazine costs" he says. He never stated that it was a problem locally (I did an accounts audit not long ago, and I'm quite certain it's not). It was all sort of implied in a way that it seemed to be designed to give the impression that we weren't giving enough while not actually giving any information about how much we should be giving, or how much was currently being given. Clearly the goal was to get everyone to give more,

Didn`t C.T.Russell state that he would never solicit for money ? That if God didn`t provide for the necessary funds , he would know it was the time to stop.?

Every so often their was a "local needs" talk given in our congregation to either" pledge money" for a project , or commit to a certain amount of money to pay for the upkeep of the Kingdom hall .

smiddy

joe134cd

I've heard 2 theories.

(1) They are rolling in it

(2) They are struggling

By what I've observed I tend to go for option 2. But on saying that I think they are a far cry from liquidation. They have got enough money stored away to out live me.

steve2

Can't both "theories" be correct? Asset rich, cash poor?

konceptual99

I think both theories are true. They are turning assets into cash for a number of reasons, including getting more assets. In the short term they have plenty of money. The question is what the projections are like? How sustainable is the current cash flow? As I have expressed elsewhere today I don't think the WTS is going to run out of money anytime soon but I am sure that the projections for the next 20-30 years do not make fun reading for Letts and co.

6 branches subsidize the rest of the branches.

blondie

designs

factfinder

smiddy

joe134cd

steve2

konceptual99

DwainBowman

hamsterbait

hoser

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