The cycle of poverty is a vicious trap where a parent’s poverty affects the lives of their children. Families in poverty often have limited resources, which makes it difficult to escape. Some examples of self-reinforcing disadvantages that can trap families in poverty include: Lack of financial capital, Lack of education, Lack of connections, Poor health, and Low working …
Tag Archives: mormon billions
Tithing—a Commandment Even for the Destitute
Lynn G. Robbins, LDS Seventy and Elder, spoke at General Conference in April 2005. He emphasizes that even the poorest members of the Mormon Church should pay tithing, regardless of their financial hardship. While Robbins likely intended to encourage strong faith and commitment, his approach creates a predatory framework that pressures the financially vulnerable into …
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The Prosperity Gospel and Tithing
What is the Mormon Prosperity Gospel? The prosperity gospel of Mormonism reflects a mindset that righteous living leads to temporal prosperity or the idea that links material wealth and success directly with divine favor. Though not an official doctrine of the church, elements of this mindset are found in Mormon culture and teachings. It is …
Mormon Church Ripping off Millions of Dollars from Australia
![“Accusations of lightening the pockets of the Australian tax office by 400 million dollars. The church's members claim very generous tax benefits, while other religions in Australia go without. It's alleged the Mormon books are actually being cooked in a massive tax dodge. Handed out on doorsteps around the world, [The Book of Mormon] promises to answer all of life's great questions. But we're throwing open a set of books the Mormons would rather nobody reads – their financial books.” - Mormon Church Accused of Ripping Off Taxpayers by Millions, 60 Minutes Australia | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/03/60-Minutes-Australia-cooking-the-book-of-mormon.jpg?fit=1200%2C1200&ssl=1)
The Mormon church wants everyone to read the Book of Mormon, but it will do nearly anything to keep anyone from reading their financial books. 60 Minutes Australia did some investigative reporting and alleges that the Mormon church is ripping off hundreds of millions of dollars from the Australian government in tax evasion. In many …
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Do LDS Mission Presidents Get Paid?
General Authorities and top leaders of the church are compensated or paid for their work, though technically they claim they are not on salary. The church claims over and over that there is no paid clergy and that the church runs on volunteers. But we can see that they are choosing their words carefully at …
Will the Church Ever Have Sufficient To Stop Requiring Tithing?
Is tithing a forever part of the Mormon church? Or will there be a day when it will have enough funds in the bank and in the “rainy day fund” that it will direct members that it is no longer required to enter the temple? Will the church go as far as to ask members …
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President Gordon B Hinckley Interview with San Francisco Chronicle
Gordon B Hinckley, then church president, was interviewed by Don Lattin on April 13, 1997 for SFGate, the digital home of the San Francisco Chronicle. The interview was in his room at the Santa Clara Marriott Hotel, just before he delivered an address to the World Forum of Silicon Valley. Here is the transcript of the interview as reported …
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Men Of Their Times
Church leaders assert that they directly follow God’s guidance, exempting themselves from apologies and social pressure, like for example addressing racism within church doctrine and culture. Apologists claim that church leaders are merely “men of their times” and can’t be judged by today’s standards. These two ideas don’t work together. Either the leaders are led …
Daniel Was a Mormon, an Ex-Mormon Profile Spotlight
Daniel was raised Mormon and cruised along the Mormon conveyor belt in life. He’s also a physician and was educated to “research and investigate, to seek truth from reliable sources”. He suffered from religious scrupulosity and constantly felt like a sinner. He came across the Gospel Topic Essays though and quickly felt “uneasy with the …
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Where Does Mormon Tithing Go? Read the Fine Print
The short answer is we don’t know. We can’t know where tithing goes for sure because the church doesn’t and won’t share that information. This is despite the fact that church president Gordon B Hinckley stated when asked why the church wasn’t transparent as is required in many countries. He said that that information belongs …
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Mormon Excuses for Zero Financial Transparency
The Mormon church is famously secretive (or confidential) with it’s financial disclosures. They say as little as possible about it and are even known to hide money from the IRS and SEC in filing the required tax forms illegally. They’ve been busted by a whistleblower recently and the SEC came looking – they were able …
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Elder Anderson claims “We Are Not a Wealthy People”
Elder Andersen met with the leaders of Zimbabwe and he said the significance of the meeting with Vice President Mohadi was to “express to him our desire to help improve Zimbabwe.” He noted that Vice President Mohadi had made a specific request for support with the development of clean-water wells in more remote areas of …
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Mormon Church Relatively Meager Humanitarian Efforts
The church brags about how much they give and donate to humanitarian efforts and welfare. But on the other hand, they do their best to hide how much they don’t give. They have hundreds of billions of dollars siphoned from tithing donations, which they invest and use to purchase real estate and operate their for-profit …
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Whistleblower News Prompts Vacant Responses from LDS Corp
The popular news program 60 Minutes released a segment on its program discussing the obscene wealth of the church and the whistleblower complaint filed by David Nielsen. His complaint alleges that the Mormon Church claims to behave as a non-profit charity, but in reality, is a for-profit corporation pursuing investments and investments. The church never …
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60 Minutes Transcript: Whistleblower David Nielsen Speaks Out After Reporting the Mormon Church to IRS in 2019
The show 60 Minutes broadcast a segment about the Mormon Billions. Sharyn Alfonsi follows up with whistleblower David Nielsen who resigned from his position at Ensign Peak Advisors and wrote the whistleblower report in 2019. Since then, the Mormon church has been fined 5 million dollars by the SEC for illegal filing practices, but Nielsen …
Why the Mormon Church Hid Billions of Dollars of Investments?
The Mormon church was recently charged with fraud and reached a settlement with the SEC agreeing to pay five million dollars. Their chief infraction was failing to properly file and misstating in filings they did submit about the church investments with the church-owned investment company Ensign Peak Advisors. The fraud reached all the way to …
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Church Finances: Follow the Prophet, He has the Money
Hinckley made it clear that the church doesn’t share financial statements because the information belongs to those who made the contribution. Since 1959, Church finances have not been disclosed to the public, and we can see that church leaders have actively tried to hide finances from the public. Even so, there are disclosures that can …
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Development of Mormon Tithing – From Meager Origins to Ensign Peak Billions
Members of the Mormon church are required to pay the church a tithe. This tithing is understood to be ten percent of the member’s income. This is the same for children who earn $5 for mowing the lawn to wealthy lawyers and doctors in the church. The church makes much of the sacrifice and blessings …
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Whistleblowing On the Mormon 100 Billion “Rainy-Day Fund”
David Nielsen, a former Ensign Peak portfolio manager, shared with his twin brother Lars about the shady practices and massive amounts of money the Mormon church, or the Church of Jesus Christ of Latter-day Saints have in investments. Together the brothers compiled information and reported it to the authorities at the SEC (Securities Exchange Commission) …
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LDS Church’s Misstated Filings to SEC Approved by First Presidency
For the past week, the church has been all over the news. Not for something they will want to draw publicity. The U.S. Securities and Exchange Commission announced that the Church has been fined $5 Million for using shell companies to obscure the size of its investment portfolio. On February 21st, the SEC issued a …
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That information belongs to those who made the Contribution
In an interview President Gordon B Hinckley explains that the reason the church is not open about their finances is because they think “that information belongs to those who made the contribution”. REPORTER: In my country, the…we say the people’s churches, the protestants, the catholics, they publish all their budgets, to all the public. HINCKLEY: …
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The Tithing … Ellipsis
Punctuation Lesson An ellipsis (…) is used to omit unnecessary detail from a quote. It usually indicates an intentional omission of a word, sentence, or whole section from a text without altering its original meaning. (It also functions to indicate that the speaker has trailed off and left a sentence or thought unfinished. Like here… …