$1.2 billion coming, still 12 properties to go
I have reviewed financial documents as many here must have by now that WT is operating in the red to the tune of a quarter million a year. Yes it will take a decade before they are at rock bottom, but it is happening. Their begging for money is unprecedented. There is a reason why. Wealth is not determined by how much you make, but instead how much you save. Watchtower is not hoarding like they used to. They have admitted, we are spending more than we receive.
Since the Watchtower corporation refuses to make their financial records public, it's impossible to know where they stand financially.I'd love to see their Balance Sheet. This is more valuable in determining a corporation's financial status than their Profit and Loss statement.
Until some Bethel insider defects with the Watchtower's financial records, we can only guess at what is happening inside the Watchtower Vatican.
However, something to keep in mind about the Watchtower, is that it has always had a captive audience for its products. Watchtower prints 8 million copies of a book or Bible and they know that most will be sold. Of course things worked better for them when they could set a fixed contribution price. That way they always made a profit on each sale. Maybe this income source is drying up. After the fixed price for Watchtower literature was dropped, maybe the JWs are donating less for the literature or not at all.
Regarding the $12,000 or more per day for use of Assembly Halls, are they really able to squeeze the JWs for the full amount?
It is not impossible to know where they stand financially. There was a thread here recently that spelled it out clearly with legitimate documentation. They are on the fast downhill train.
I think they are on a pressing agenda to get as much money as possible now because they realize this organization was really built upon false engaging doctrines, making them consciously paranoid about it might toppling over because of that, .so they're in a motion to cover their bases or averages as it were..
Ok lets put it this way if the WTS still says they are in dire straits after the sale of the their billion dollar properties in Brooklyn are completed , then you know for sure they were bullshitting all along.
I would guess that those buildings and properties should be sold by early of next year.
All Brooklyn/DUMBO properties will be sold by 2017. It will be at least a couple billion. Thats a big chunk of change. Why the pleading for donations now at every chance? It has to be projections. They are panic buttoning because they know they already have that money spent in the next decade. Guess we will see. They think armageddon is going to bail them out. We know better.
All Brooklyn/DUMBO properties will be sold by 2017
Why do you assume that when these buildings are on the market right now and they are highly sought out properties for investors ?
Their main most valuable properties will draw in close to a billion alone
2 billion was a low estimate, so what? But dont forget some of the remaining properties are parking lots. These for sale are the most valuable sought after properties. You do recognize that there are 12 more properties to be sold besides these on the market now?
Things to consider ...
The WTS produces less printed material now.
They receive more money now from each congregation.
They've sold many properties around the world and branches.
They had wealth stock plied up already in branches such as Canada and the UK to a tune of 60 to 70 million a piece, how much the Brooklyn branch had in surplus would even be assumingly higher.
The WTS is a organization operative on delusional deceit on many levels it strives to deceive the public to sustain itself financially.
Ok. So lets assume Watchtower has more money than God. They are still bleeding. Unlike ever before. How long can they pinch the artery? Again your cynicism is showing naughty boy.