Crumble, Crumble, Crumble.
The WTS, Downsizing and Contributions.
by hillary_step 32 Replies latest jw friends
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asleif_dufansdottir
Good. I hope their financial problems continue to snowball and become an avalanche heading for Bethel.
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larc
I do not have the facts at Hillary's disposal, but I think his analysis is accurate. First of all, the WT budget is based on growth, and their growth is minimal, especially in the affluent countries. Second, I have an intuative sense that contributions are down, based on what many have posted here. Third, the law suits, re: pedophelia and the blood issue are draining them.
They are in a world of hurt, in my opinion. -
drawcad_1
sounds good to me. party time.
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Black Man
I hate to rain on everyone's parade, but the society isn't as broke as one would be led to believe. I can't comment on the other branches, but the U.S. branch has so much capital/equity/assets, that they won't go broke for a long time............
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Lady Lee
Any bets they might be trying to get their money out of the US and into some swiss bank accounts
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hillary_step
Black Man,
I hate to rain on everyone's parade, but the society isn't as broke as one would be led to believe. I can't comment on the other branches, but the U.S. branch has so much capital/equity/assets, that they won't go broke for a long time............
True. What is important to note is the steps that are being taken to streamline and safeguard their financial assets. They obviously have an eye not just on the present, but firmly fixed on their future. Patterson is still expanding, while Brooklyn shrinks. HS
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donkey
HS,
How many publishers are there in Great Briatin?
Jack
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metatron
I continue to believe that they are in deepening money trouble.
Assets? I question whether their factories and assembly halls are even
marketable. Who wants a huge factory in New York City? You've got to
be kidding! Who wants a thousand seat hall? For what? Not a Cine-plex!
Maybe a Mega-Church, if the area's right.
I think they are hurting for cash flow and that one Catholic level lawsuit could
effectively end them. The French situation alone may be disasterous.
metatron
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donkey
From what I can tell there are 120,000 publishers in Britain.
If they donated $24 million 2 years ago then that is $200 for from each publisher for the year - IMHO that is quite a bit of money per publisher.
If we extrapolate that out and say they could raise the same for each publisher worldwide...ie. 6 million publishers times $200 we get a figure of $1,200,000,000 (1.2 billion)!!!! So either the average Briton is exceedingly wealthy, exceedingly stupid or both....
Now one year ago the British number dropped down to 18 million according to what HS posted. That works out to $150 per publisher. Following the same logic of extrapolation we arrive at $900,000,000. This leads us to conclude that the British either increased their IQ or Simon started receiving the difference in donations to fund JWD.
In all honesty, do you believe the published "revenue" numbers by the WTBS? I definitely do not. It is a well known fact that one is prudent to shield assets or to under-declare income or assets when one faces the potential of being sued.
Jack