Posted by:
Rubicon
(
)
Date: March 15, 2019 10:11PM
If we have another great depression because the government no longer can bailout the failed financial institutions I'm not so sure the church would fare that well/
The church seems to have had leadership over the past three decades who are quite reckless in their spending. It all started with Hinkley and has continued up to Nelson. New malls, new conference centers, a large number of temples and all sorts of other things.
One mistake corporations make is they want to grow big. They grow so big that when a down time does hit they don't have the resources to float them through the rough times. I see the same mindset with the current church.
The church got itself in financial trouble in the 1950's by building too many buildings. I think it's making even a bigger mistake now. We have been in a huge real estate bubble and real estate is a key church business. It's been easy money. I'm sure this is where much of the money is coming from along with tithing but can the church weather a down turn?
I don't think "You have seen nothing yet!" Nelson see's we are in a real estate bubble and he wants to spend more and show off more when the church just isn't growing and the real estate bubble could suddenly pop and we go into the depression.
The tithing money that has been coming in won't be coming in and the church won't be getting the rents it once was from it's commercial and agriculture land.
Could be a real problem. Russ. The church hasn't growth in ten years. You are sounding like there is going to be more people coming in and you are going to build even more showpiece temples. Frankly in Rome you and the others sounded full of yourselves and out of touch with reality. Much like well fed and pampered executives living large on a company that is not prepared to hunker down and survive in down times. Maybe The Corporation of the President of the Church of Jesus Christ of Latter-Day Saints will get culled with the other mismanaged corporations.