The Church's financial situation

[MikeWaters]

Originally Posted by SeattleUte

Why are you using an avatar with an AIDS patient?

LOL. Now you're a doctor.

[Indy Coug]

Mike just posted a picture of the type of guy that doesn't fall afoul of Archaea's fat-hate.

[creekster]

Originally Posted by SeattleUte

Why are you using an avatar with an AIDS patient?

Are you sure that's not John Belushi when he was in rehab?

[MikeWaters]

Originally Posted by Indy Coug

Mike just posted a picture of the type of guy that doesn't fall afoul of Archaea's fat-hate.

He's got a nice tat on his right arm. You will notice.

[Archaea]

This is a great thread. I thought that was Michael Rasmussen.

[SteelBlue]

Originally Posted by Archaea

This is a great thread. I thought that was Michael Rasmussen.

That IS Michael Rasmussen. You can tell by the scary biceps tat and all the muscles.

[Mormon Red Death]

Originally Posted by Indy Coug

Adam continues to make unsubstantiated allegations about the church sitting on billions of dollars that has no purpose other than to generate investment income. I'm not sure that's necessarily true. I've already pointed out that the Church has billions of dollars in assets that they are required to keep in long term investments to directly back business liabilities, like life insurance and annuity policies.

Nor is failing to publicly disclose their finances some de facto admission by the church that 'if people knew what they were REALLY doing with their money, they'd be royally pissed'.

Nor has he really demonstrated that the opening of a homeless shelter would necessarily save lives.

The church pulls in billions each year in tithing and other charitable revenues from its members. There is inevitably going to be a lag between the collection of those revenues and the appropriation of those monies to various church causes. That may create the illusion the church is sitting on a lot more money than they really are.

Bottom line, Adam has offered no factual basis to conclude what he continues to insinuate and there is a good basis to think that it's entirely appopriate that the church has at any given time billions of dollars in investments which is also already spoken for on a number of different fronts.

wow... I dont agree with you often but you hit it right on the head on this one