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.