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Posted by: onthedownlow ( )
Date: May 22, 2023 12:00AM

Does anybody know if the US government is or has placed the LD$ church on a watch list or a possible threat to national security. If you do know, please provide citing.

I would think that with as much money as the church has they can buy and influence tremendously and pose as a possible threat to global markets buying and dumping stock much like the movie Trading Places with Dan Akroyd and Eddie Murphey. Those rich brothers had cornered the markets on OJ, funny movie.

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Posted by: Heartless ( )
Date: May 22, 2023 12:47AM

Mormons were at one time prime recruits for law enforcement, military and intelligence positions.

They considered mormons to be loyal, patriotic and low risk at divulging secrets. (Remember the whole rather than divulge teme secrets you'd suffer your life to be taken?)

I don't think the government would consider the slush fund a risk.

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Posted by: slskipper ( )
Date: May 22, 2023 06:16AM

Absolutely they are seen as a possible threat to national and even world security. That's the whole idea behind the SEC rules about declaring your investment situation if you are above a certain threshold. That's the whole point of those 13f filings. Nobody believes that the LDS church is planning a military takeover of the government (they tried that in 2021, and several Mormons were involved), but absolutely there would be severe economic consequences if the Ensign Peak stocks were suddenly dumped or mismanaged. The whole point of the SEC is because of dangers like this.

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Posted by: Filamentary ( )
Date: May 22, 2023 08:02AM

The church isn't a risk to them at all, in fact it's on board with everything they do from sticking more tightly to lockdowns than near anyone else to supplying spies and cannon fodder to the military-industrial complex.

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Posted by: Brother Of Jerry ( )
Date: May 22, 2023 12:28PM

You’re still butt-hurt about the lockdowns three years ago?

But yeah, LDS Inc is very pro-establishment, because they want to be the establishment, and that requires money.



Edited 1 time(s). Last edit at 05/22/2023 04:30PM by Brother Of Jerry.

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Posted by: elderolddog ( )
Date: May 22, 2023 12:39PM

They could clearly see a need…

They have the ways and the means…

The BofM (the book, not the play) is pro-gun…

Certainly, there are brethren motivated to defend the kingdom…

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Posted by: sunbeep ( )
Date: May 22, 2023 02:11PM

I suspect that the govt. would be watchful of anyone who possessed that much money. But, in the same moment, I doubt that they much care how that money was accrued.

Now, if one of the top dogs hinted that they had an "Arc of the Covenant" stashed in a mountain vault, their ears would perk right up.

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Posted by: Rubicon ( )
Date: May 22, 2023 02:26PM

The US Government was concerned about the church when they heard rumors of oaths against the government were being taken in the temple. Polygamy and unconstitutional theocracy were a concern before that.

The modern church is very much a lapdog of the government. In fact the more traditional conservative LDS see the church as being too cozy with the US Government.

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Posted by: GNPE ( )
Date: May 22, 2023 02:36PM

define 'risk'

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Posted by: messygoop ( )
Date: May 22, 2023 04:27PM

Their covenant path and definition of agency is a threat to national security.

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Posted by: Lot's Wife ( )
Date: May 22, 2023 05:03PM

$100 billion is not a significant share of financial markets.

The US stockmarket is worth about $45 trillion, of which the Mormon hoard is just two-tenths of one percent.

Global stockmarket is worth about twice that much, of which the $100 billion is just one-tenth of one percent.

If you add global debt markets, which you should do because debt and shares are interchangeable as financial investments, the global total is around $350 trillion. The Mormon fortune represents just three-hundredths of that sum.

If the LDS church sold $100 billion all at once, it would make the front page of the WSJ but primarily because it was such a strange thing to do. But US and global markets would barely move.

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Posted by: [|] ( )
Date: May 22, 2023 06:05PM

>he Mormon fortune represents just three-hundredths of that sum.

I would just point out that three-hundredths is 3%. I presume (always a risky thing to do) that you meant 3 hundredths of one percent

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Posted by: Lot's Wife ( )
Date: May 22, 2023 06:23PM

D'oh!

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