We don't know what their financial situation is. We do know that they attended a number of seminars on futures investments and there is no reason to doubt that they invested in this, possibly losing many millions during the financial crash in 2008.
The big question is - did they mortgage the properties they had in Brooklyn? This is far from being considered an unwise financial tactic to take, especially amongst the big money makers, they've been doing it for decades. You mortgage the property you have to put that equity into buying new properties or invest it into futures. Your property portfolio increases substantially and after a number of years the value of the property increases so that the mortgages become relatively smaller in real terms.
Or maybe the organization has been functioning beyond it's means, spending more than it's making and requiring it to mortgage it's valuable properties to continue on, spending the equity in their current assets. Losing money on the futures market may have been the tipping stone where they were forced to sell their properties in order to meet mortgage payments. After all, Armageddon is imminent.
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The big mistake of jw.org property management
by Gorbatchov intoday i read some news story's about the property deals of jw.org in brooklyn.
they made good money and good connections.. but i'm sure jw.org made a very, very big mistake in brooklyn.
they did.. they sold and are selling all the property for money.
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Cart Witnesses Today - I am not impressed
by pale.emperor injust approached a cart then with two jw girls holding out mags.
they continued chatting to each other about car insurance when i took the watchtower from one of their hands.. ok, so it looks like i'll have to get the ball rolling.
i asked if they were jehovahs witness.
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Why, it's almost as if they didn't want to do the ministry and it was a compulsion.
There doesn't appear to be any other explanation for it.
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She's here and early! 27 weeks 1day.
by Darkknight757 inso as of july 2nd my wife delivered by c-section our little one pound, three ounce daughter izabella.
it was a very scary night that started with a decel and turned into multiple decels that greatly concerned the doctors.
by early morning they felt the need to take her for her safety.
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A big welcome to Izabella and congratulations to you both. I hope every day makes her stronger and stronger.
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July Broadcast - Bible Teach book and Keep Yourselves In Gods Love book
by pale.emperor ini didn't manage to last the whole broadcast.
it was so unbelievably boring that i only managed halfway before i switched it off.
in this broadcast anthony morris iii (who i affectionately call "the don") stresses to us the importance of studying - not one - but two of their publications in order to understand the bible.
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He is also telling parents that they should study both books with their children, so that it can be etched in their mind and put deep in their hearts.
Surely parents know their own children better than the GB and know what to teach them to come to a better appreciation about God. I know my father did. But these two books aren't even suitable to be teaching younger children to keep them interested, especially since family worship is the only study that can be specifically directed to the young audience at hand. -
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Tight pants Tony III (closeted gay anointed GB member) is on the July briadcast
by jambon1 insuch fun.
what gems will this plump little oddball be ranting about this time?.
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He's going to need over 3 hours to get through this one.
They are insane. They reckon that Jehovah's wisdom protected the Bethel in Haiti from being ruined in the 2010 earthquake.
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Books are not dying out and this is not the reason for the WT turning to tablets
by slimboyfat inthere's a popular misconception that books in general are in terminal decline, that this is the reason the wt organisation has turned to tablets instead of print, and this in turn has created a financial crisis for the organisation which traditionally relied upon publishing books for income.
this is wrong on a number of levels.
firstly physical books are not in terminal decline, they are as popular as ever with consumers.
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I've been hearing that physical books are making a return and are being preferred over online books, even amongst youngsters.
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Tight pants Tony III (closeted gay anointed GB member) is on the July briadcast
by jambon1 insuch fun.
what gems will this plump little oddball be ranting about this time?.
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Where there are Halls that can seat 200 people, they will have congregations of 160 people.
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Jehovah Banned in Singapore
by EverApostate insingapore is a tiny, beautiful and economically powerful country in se asia.
all religions are allowed there except the jehaovah's witnesses and another christian denomination.
jws are banned because they don’t serve the military and all singapore citizens are required to serve in the military for a while.. the jws are banned in singapore since 1972. .
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Singapore is one of our favourite countries to visit. We've been there a number of times. We felt very safe and clean. It would be had to find a more modern city and it has a number of excellent attractions. The only downside is that accommodation is expensive.
A few years ago, hubby and I were walking through a park and we came across an elderly Singaporean couple who were sitting on the grass listening to a taped talk. I wondered if it was there way of public preaching.
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Mystery Letters of "Human Apostate" talk 2013 summer convention and its connection to Lev.5:1
by Bill Covert ingreetings from redding calif. my name is bill covert.
i am one of those viet nam war felons for having to refuse communtiy service in lieu of military induction per direct instructions from ny, so i have been around for a while.
i am the writer of the letters mentioned in the human apostate talk of the 2013 conventions.
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Bill Covert, it's good to hear that your son is okay.
I don't see why you should be spending so much money in getting your story posted. These cases should all have been reported to the police.
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Hypocrisy of JW.org at this week's book study
by UnshackleTheChains ina paragraph taken from this week's study of 'gods kingdom rules.
15 jehovah’s people remain loyal to the messianic kingdom not only by refusing military service but also by respectfully declining to join in nationalistic ceremonies.
especially since the outbreak of world war ii, a wave of nationalistic fervor has swept the globe.
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It's only the Watchtower that decided saluting the flag or singing a national anthem was taking a vow of allegience. How is it even a vow? On top of this they then equate it as a form of worship or devotion. It is neither but because they say it is it becomes wrong. A JW is now under the impression that anyone saluting a flag is worshipping it and are judging that person as doing something wrong when they aren't.