Post by Deleted on Jan 21, 2020 16:21:47 GMT -5
Can you believe Mormons have that much money? Gasp!
"The idea that this much money is “a rainy day fund” is a bit fatuous, in my opinion. In my mind, a rainy day fund is one that might be enough money to cover the finances of the church for a year or two in the case of a massive financial downturn or even a full-on depression. Let’s say it’s for five years, even.
But if the annual operating expenses of the global church are around $6 billion (according to The Washington Post's report), it appears this fund would be a rainy day fund for something like 15 years — a decade and a half in which the stock market completely failed and the money wasn’t earning any interest. This doesn’t seem to be a real possibility even in worst-case scenarios.
The idea that the church is saving $100 billion for the Second Coming of Christ seems even sillier to me. What does it mean to save money for the Second Coming? Is the money for Christ to use, the savior who threw the money lenders out of the temple and told us to render unto Caesar what was Caesar’s and unto God what was God’s? Surely he wouldn’t need money once he comes." MORE
religionnews.com/2020/01/20/the-100-billion-mormon-fortune-is-not-about-the-money-stupid/
"The idea that this much money is “a rainy day fund” is a bit fatuous, in my opinion. In my mind, a rainy day fund is one that might be enough money to cover the finances of the church for a year or two in the case of a massive financial downturn or even a full-on depression. Let’s say it’s for five years, even.
But if the annual operating expenses of the global church are around $6 billion (according to The Washington Post's report), it appears this fund would be a rainy day fund for something like 15 years — a decade and a half in which the stock market completely failed and the money wasn’t earning any interest. This doesn’t seem to be a real possibility even in worst-case scenarios.
The idea that the church is saving $100 billion for the Second Coming of Christ seems even sillier to me. What does it mean to save money for the Second Coming? Is the money for Christ to use, the savior who threw the money lenders out of the temple and told us to render unto Caesar what was Caesar’s and unto God what was God’s? Surely he wouldn’t need money once he comes." MORE
religionnews.com/2020/01/20/the-100-billion-mormon-fortune-is-not-about-the-money-stupid/
