I'm sorry for those of my support of SLIM, but no company this is
financially solvent will sell of it's assets, particularly when those
assets are fully paid for. Its like needlessly selling your furnished to
pay bills, when you have cash in the bank.
While I know that
they have sold their New York properties for a considerable profit and
downsized the HQ, but again I ask, why you sell you prime waterfront property, perhaps the best in the world (again fully paid for) and move into the middle of no-where, if you don't have problems. And the cutbacks to the magazines, books and
brochures (all of which are income generators in themselves) are needless too, if
the religion is flush with money.
The answer is simple economics, their in-goings were not matching their outgoings.
An rapidly ageing and poorer western world brotherhood (Watchtower's bread basket)
A rapidly growing but non-contributing 3rd world brotherhood
A rapid loss of funds due to their child abuse lawsuits (which have no sign of ending)
The never ending costs ($200 million USDs per year minimum) for running its empire
and that's the losses we know of ...
BUT IMPORTANTLY, THERE IS NO INDICATION THAT THERE WILL WILL TURN AROUND IN THE FUTURE. EVEN THE ANNUAL REPORTS (AS PUMPED AS THEY ARE) SHOW THE DEFINITE DECLINE. THEY ARE NOT EVEN MATCHING THE WORLD'S POPULATION GROWTH RATE IN MOST PLACES.
I just don't get those who think that Watchtower doesn't have real problems.