Londo, YOU get it.
(hands clapping)
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
Londo, YOU get it.
(hands clapping)
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
If one has cash reserves to spend, then your head is still above water. If you have assets to liquidate, then your head is still above water. It is within one’s means to spend what one has or to liquidate assets. To live beyond one’s means is to borrow. If anyone here doesn’t understand this simple principle, then you are in danger of incurring debt that you cannot pay.
Living beyond your means is pretty easy to do these days, especially since we live in a time when buying on credit — and having a YOLO mentality — has become the norm. But just because it seems normal doesn’t mean you aren’t doing a real disservice to your current and future well-being.
Here are eight red flags that you’re living a lifestyle you simply can’t afford — and how to get back on track ASAP.
Living beyond your means is pretty easy to do these days, especially since we live in a time when buying on credit —
https://www.dailyworth.com/posts/3538-warning-signs-of-living-beyond-your-means
http://money.cnn.com/2017/09/19/pf/living-beyond-your-means/index.html
http://www.dictionary.com/browse/beyond-one-s-means
Too costly for one, more than one can afford. For example, A second vacation this year is well beyond our means. The noun means here signifies “resources at one's disposal,”
If your resources are cash on hand, savings or real properties which can be disposed of, then it’s still living within one’s means to utilize them. Only when one incurs debt do they live beyond your means.
i am not quite sure why some here cannot understand this simple economic principle.
if I decide to sell my house and spend the equity, I am still within MY means. It is when I go to someone else to borrow THEIR means that I have gone beyond MY means.
Using cash reserves and liquidating assets to pay ...
It is MY cash, it is MY assets, and I can do what I want with them. It is MY means. Nobody is going to dictate to ME how I should use MY stuff.
Mine... get it?
Beyond MINE is yours... get it yet?
Please listen to that second accounting video that somebody just posted. The sister praised Jayhoov because the “bank” not mine, gave a line of CREDIT
leaked: whq treasuers office meeting 2018 [part 1 of 6] https://youtu.be/z17b4_qgpto.
in this leaked 6-part video meeting, mark sanderson leads an insightful look into how the treasurers office and accounts staff operate.
cmc = cash management center - of which there are 3. the cost-saving game is afoot!these clips are unedited, so feel free to add comments..
The most important thing I saw was how the siztor said it was Jehoobers blessed that the bank gave them an overdraft. Now that, my friends, is CREDIT without which you cannot live past your means.
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
Cofty
- Because of bad management and probably a large amount of 'Jehovah will provide' rhetoric, they carried on living beyond their means and selling off real estate to make up the shortfall in revenue.
Living beyond one’s means involves credit. If you are not issued credit, then you cannot live beyond your means.
If you have $5.00 to go to the candy store with, then you get exactly $5 worth of candy, not beyond. Only when the store owner says “take more and pay later” can you go the candy store and walk in out with $10 worth of candy.
The WTS has been eating more candy than they took in. You cannot pay bills with real estate.
”hello electric company, here’s a bucket of dirt from our properties to go towards our bill this month...”
You CAN leverage your properties for credit, but alas, we are at credit again. Any way you slice it, you cannot live beyond your means without borrowing. Period.
The WTS is under water, they owe, and I suspect the amount is grand. I suspect they gorged on cheap credit for years, and the banks were happy to loan it as that is there job. To loan.
And why not, the WTS had a steady source of income and vast real estate holdings to use as collateral. The perfect debtor.
But the perfection is wearing thin. As a bank, you don’t want to hear that a major debtor is being sued repeatedly for child molestation. Also, as a bank, you don’t want to hear that revenues are drying up.
FORCLOSURE
I am now searching to find evidence of bank forclose of WTS. This would explain where the $1,000,000,000 went, and why they are selling properties like mad.
To say that they are selling at the rate they are selling is to cover a historical extravaganza doesn’t balance the sheet.... without credit.
The WTS is a ponzi scheme, and Ponzi schemes do not die a slow death. Once they peak, they fall off a cliff.
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
Morpho
You seemed to think leaks were new
You don’t know Jack . You don’t know who I am, or what I’ve been involved with in the past, or what I am presently involved in. I didn’t say anything about a “leak being new”.
You don’t listen to anyone but yourself, you breath your own exhaust.
You are still not a nice person.
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
Its noteworthy that we have it. Its worth dissecting and seeing what can be gotten from it. Its interesting and noteworthy from the perspective of seeing their internal sales pitch. None if its new.
Uggh...
There is lots new. New that the borg needs a budget. No longer can the dynamic8 just dictate and Jehoob will make the money flow to back them up. Now they need a budget to reign in spending.
The Borg chariot needed to “get back on track”... this is an admission that it was off track. Imagine...
There’s tons of revelations in here. Too bad some people can’t discern it.
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
Morpho, I appreciate it when you bash the org over the head. I’ll laugh all day watching.
But you are not a nice person. You place your opinion above everyone else, and you spend more time bashing others here than you spend doing anything to help the cause.
Your argument about Ray being the big teller and the rest is shite is BS.
I am sure I appreciate Ray as much as the next fella here, and I’ll bet more than you, having a shoe box full of paper correspondence with him over the years and other such.
And BTW, you contradict yourself.
Why don’t you find something to add of value...
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
Nothing new? Sorry, the big news is that this info is coming out. I don’t care if it’s 2 years old, just the fact that we are seeing it is momentous.
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
Money is flying out the window hard and fast. This is undeniable. The GB would never choose to cut back and cut back and cut back.
If I were the big banks, and Watchtower had borrowed gobs of money, and even if they were making good o the debt structure, I would take into account the growing number of child molestation cases and lawsuits and I would begin to foreclose on the loans.
I would want to get our bank’s money out before the shite hits the fan big time. You do not want to be on the bottom of the creditor’s list.
leaked: whq accounts: 2016-2020 budget [part 1 of 5] https://youtu.be/g08tw2v3b4s.
leaked: whq accounts: 2016-2020 budget [part 2 of 5] https://youtu.be/rpceb5v0vbe.
leaked: whq accounts: 2016-2020 budget [part 3 of 5] https://youtu.be/2xa08ukc_6i.
In Vid 3, he says thousands of properties will be sold and this in “income”...
So, in truth, they are selling properties to pay bills.
There’s no getting around that.