by badboy 10 Replies latest jw friends
EVERYONE/ANYONE WITH SOMETHING IN THE RBS BANK LAST YEAR WAS ONLY A FEW DAYS AWAY FROM LOSING EVERYTHING IN THEIR ACCOUNTS LAST OCTOBER,ONLY STATE INTERVENTION PREVENTED THE LOSS OF ALL THAT MONEY.
SUPPOSE THE WT/KHS HAD MONEY IN SUCH A BANK,STATE REUSED TO INTERVENE,WT/KHS WOULD LOSE ALL
Despite what Mervin King said on Tuesday, the government will never let a big bank fail. Any future banking crisis would be handled in the way this one was, a prescedent has been set, the bankers will return to their previous behaviours and the Tax Payer will pick up the pieces on the ricochet.
2 Congos in Geelong (Victoria) lost all their savings (donations) when the Pyramid Building Society collapsed back in 1990. Some heads rolled over that one....
The KH are paid for by wts and loans are paid to wts not a bank. Banks hold small cash deposits for local khs onthly expenses but where the mother load is held is a good question that I don't know. WTS may have most of their wealth in paid off buildings, bonds, gold or other physical assets and what cash is there may be for day to day operating needs.
Also banks holdings are insured so these small amounts of cash in the banks held by KHs would not be lost.
btw who said anything that the crisis is over? It's just beganning :) Nothing goes straight down
Well, it depends .... some privately owned banks are faiing and nothelped by the governement. WTS is heading for becoming a banking institution for it's KH's. However, the surplus money seems to be invested in: real estate for their own use, or low risk investments schemes.Of course, if a crisis should cause all banks to fail .... money will not be worth much ... or has the WTS
There was talk about the WTS having lost money in the Madof scheme ... has anyone seen further details of that?
Cheers
Borgia
2 Congos in Geelong (Victoria) lost all their savings (donations) when the Pyramid Building Society collapsed
Of course that is totally prophetic. JWs have their life savings in the WT, built on Russell's pyramidolody.
JWs need a new bank
All the best,
Stephen
The washtowel is doomed to not fail--all they need do is invent new ways of scamming (and then forcing) money out of the witlesses. Going deeper into debt is the latest--I have heard of a$$embly hells with banking machines that allow one to make a donation through a credit card.
And they are going to start telling the witlesses that they are not going to make it into the New Dark Ages if Jehovah thinks they could have donated more. They will cite the incident where the person sold the whole field and kept part of the money as being a precedent to give all your money into the Worldwide Pedophile Defense Fund. Of course, they don't worry about how the witlesses are supposed to pay back those loans or to get new credit, just as long as they get it and max it out for the Worldwide Pedophile Defense Fund.
The only way to make them go down is to get the CID of the IRS to look at the Washtowel Babble and Crap Slaveholdery. If they get audited, there is a good chance that they are going to be found out to be a scam, and will be looking at huge tax liabilities (and criminal penalties, as well). Of course, since the CID is not known to do anything worthwhile, and this would be something worthwhile, I am not waiting for it to happen.
IF A FREE MARKET GOVERNMENT DECEIDED NO RESCUE FOR BANKS,THERE COULD BE TROUBLE AHEAD
BTTTT
Ah, I suspect that the Watchtower Society has a good deal of their cash located in recession-resistant off-shore accounts....
Wouldn't put it past them to be banking with the Saudiis....
Zid
