This is a revision and an update from a previous blog entry.
Apparently
this is to be an annual occurrence, necessitated by the fact that the
Watchtower sends representatives to an annual hedge fund conference
about this time every year, and I, accordingly, am compelled to
publicize their unseemly affairs. (The Watch Tower Society is on the 2012 attendees list under Investors.)
But
what is wrong with the Watchtower investing in hedge funds? For one
thing, the Society is a tax-exempt organization based upon the
supposition that it is a non-profit institution. (Not to be confused
with its non-prophet status) But is it even ethical for a non-profit
organization to operate as a hedge fund or to invest in hedge funds
seeking maximum profits? At the very least it is questionable
and may even violate the rules governing tax-exempt organizations.
Ultimately, their avarice may well be their undoing, as it is not out of
the question that they may at some point lose their tax-exempt status
for this very reason.
But it
is not just that. Everything the Watchtower does now is either done to
save money or to make money. For example, some assembly halls have
evidently installed cash machines so that Jehovah's Witnesses can donate
money straight out of their bank accounts. Apparently the donation
boxes at every exit just weren’t enough. (Be reminded that Jesus became
indignant because of the presence of moneychangers in his Father’s
temple.)
On the other hand,
it has come to my attention that this year the Watchtower asked
Jehovah’s Witnesses (at least in France) to print copies of the
convention program off the Internet to save the Society the printing
expense. Apparently, that means that in their view it is a waste of
money to provide programs for those who attend their conventions and
that the money might be more wisely allocated by placing million dollar
bets with the high rollers in the global financial casino. The
Society’s sophisticated money masters make the Miracle Wheat fiasco of
the organization’s founder seem amateurish by comparison.