And to think the GB had to ultimately approve either the final plan for a normal looking house of worship OR a commercial Taco Bell/Starbucks looking plan. And to think that it came down to what ended up being a a 5 to 3 vote in favor of the commercial structure we will all see popping up everywhere here and there.
Solzhenitsyn
JoinedPosts by Solzhenitsyn
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58
Beautiful New "Kingdom Hall"
by Sea Breeze inthese images were posted on one of my fb news feeds.
they are legit.
looks like an upscale commercial bldg.
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Solzhenitsyn
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Solzhenitsyn
Yes, I have been to a Yanni concert.
No, he sounds nothing like Zamfir: https://www.youtube.com/watch?v=7ISe0fdoaPs
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Just wondering. . .for those that are Ex-Elders . . .
by HappyBlessedFree indid your conscience ever bother you when you were counseling/reproving/disfellowshipping ones in the congregation?
did it feel extreme or justified based on your biblical understanding at the time.
also are there any ex-elders here that dealt with child abuse accusations?
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Solzhenitsyn
To the OP:
No
No
Yes
Yes
Yes
When you are a PIMI company man everything is cold and sterile.
It's when your out that all those judical processes, procedeures, outcomes, and damage becomes a painful reality that requires PTSD counseling and EMDR therapy.
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Money Laundering
by Solzhenitsyn inwell friends how about another update straight from the mole in the treasurers office?
fact: tens of thousands of bethelites have taken a vow of poverty and live/work in branches all over the world.
fact: they all get a stipend based on local need, "cost of living", tenure, ect.
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Solzhenitsyn
I say its a fact because i was sitting in the treasurers office listening to the Bethelite tell me the process by which they circumvent the Cesar of the US and other countries.
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Money Laundering
by Solzhenitsyn inwell friends how about another update straight from the mole in the treasurers office?
fact: tens of thousands of bethelites have taken a vow of poverty and live/work in branches all over the world.
fact: they all get a stipend based on local need, "cost of living", tenure, ect.
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Solzhenitsyn
Sir82 you are correct.
So sorry, my OP wasn't clear.
The conversation I had was specifically talking about a US based donor wanting to send money to a bethelite in another country.
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Money Laundering
by Solzhenitsyn inwell friends how about another update straight from the mole in the treasurers office?
fact: tens of thousands of bethelites have taken a vow of poverty and live/work in branches all over the world.
fact: they all get a stipend based on local need, "cost of living", tenure, ect.
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Solzhenitsyn
Typo above...501(c)....not 401(c)
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Money Laundering
by Solzhenitsyn inwell friends how about another update straight from the mole in the treasurers office?
fact: tens of thousands of bethelites have taken a vow of poverty and live/work in branches all over the world.
fact: they all get a stipend based on local need, "cost of living", tenure, ect.
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Solzhenitsyn
Well friends how about another update straight from the mole in the Treasurers Office?
Fact: Tens of thousands of Bethelites have taken a vow of poverty and live/work in branches all over the world.
Fact: They all get a stipend based on local need, "cost of living", tenure, ect. Sure room, board, and the 'Bethel boutique' provide most things but these people still have needs (travel home, tampons, McDonalds, ect). Whatever the case it ain't much money they personally get.
Fact: A large portion of them are sent gifted money from family and friends.
Fact: Bethelites are given specific direction to never have family and friends directly send them money.
Fact: Normally, there is a trail. If money is sent via post it must be claimed through customs + ergo someones taxes. If money is wired, there is also a trail and it must be claimed on someones taxes. "This can cause problems for the branch."
Fact: Via the treasurers office they facilitate routing person to person money through their internal non-profit financial systems. The sender makes a 401c "donation" to WT Attn: US Treasurers office earmarked for Brother Bobby or Sister Tammy and au voila, off it goes tax free and untraceable. The Bethelite on the other end receives into their Bethel account @ some branches and others they are given a local branch disbursement check to locally cash.
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Watchtower Resource!
by Atlantis inwatchtower resource.. .
the watchtower is selling more than just kingdom halls.. .
https://wtresource.com/ .
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Solzhenitsyn
All these hidden little gems of a diversified worldwide conglomerate. Per the treasurers office there are over 2000 legal entities worldwide that have to be maintained.
http://www.templefarmdevelopment.co.uk/#Home-1
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WATCHTOWER has posted a $40,000,000 bond !
by ZindagiNaMilegiDobaara inwatctower has posted a $40,000,000 bond following montana's upholding of the nunez v watchtower verdict of 2018. punitive damages have been upheld, and wt has purchased the bond from travelers insurance (35m+ interest)-montana sc will rule later this year on the appeal.. .
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Solzhenitsyn
A few things from the WT Treasurers Office:
>Stephen Lett was 100% honest in stating some time ago on a monthly broadcast that more money was flowing out than was flowing in. Of course the money he was talking about flowed out of a $40-50 billion USD worldwide asset pool. [Its going to take a lot of $40 million dollar lawsuits to make a dent]. I was reminded that there is a huge difference between annual revenues (700m-1.5b) and WWAV world wide asset values that can be drawn from.
>Times are changing. Publisher growth has slowed. In the digital world trend, people don't want magazines and books. The WT machine is adjusting to that. Brooklyn $2bn selloff + all the equipment/assets in those buildings sold off. 20% reduction in WW project costs. Investments (relatively cheap) in 20 year (cloud) data infrastructure. Free remote workers by the thousands. 3rd party outsourcing in construction, transportation, and A/V departments.
>No chronic financial problems. Just acute expenditures requiring that best course business decisions be made. As of my last conversation (02/2019) there are a thousand KH building projects going on during any given month world wide.
>The Russian Federation asset seizure rocked the GB and Treasury Dept with much indignation (like $125 million worth). The WT corp frustration was primarily taken out counsel that originally structured what was held as a "bulletproof" way for US corp to own Russian property and circumnavigate the Russian legal system. (not exact comparison but think: view towards foreign embassy property/diplomatic property in the USA)
>Constantly on the financial planning agendas: what to do when non-profit/religious assets are subject to federal/state/local taxation.
More to come.
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WATCHTOWER has posted a $40,000,000 bond !
by ZindagiNaMilegiDobaara inwatctower has posted a $40,000,000 bond following montana's upholding of the nunez v watchtower verdict of 2018. punitive damages have been upheld, and wt has purchased the bond from travelers insurance (35m+ interest)-montana sc will rule later this year on the appeal.. .
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Solzhenitsyn
Yes, Watchtower has $40 million cash they could get their hands on immediately. One would be wrong (at this time) to think otherwise.
This is a Supersedas Bond or "Appeal Bond". Watchtower has been in bed with Travelers Insurance for decades and they have held WT's hands through many Risk Mgmt, Trucking, Construction Liability, Property, ect...endeavors. This $40,000,000 case is no different.
https://www.travelers.com/iw-documents/surety-bond/56148-appeal-bonds.pdf
This court requires a bond to be in place UP FRONT through the appeal process as often, major companies will drag things out in appeal so they can "go broke" on the books and ultimately have nothing to eventually be able to give should they loose on appeal.
In essence: Watchtower would rather pay a fee to Travelers to handle the bond work vs. directly offer up a even more publicized lien on one of their sizable real estate assets. Behind the scenes Travelers will lock down the risk as they will not put their neck on the line for $40 mil based on WT's credit rating alone.
I am not an attorney, but I play one on TV (joke) + having a long time PIMO friend in the WT Treasury Dept helps (no joke).