A German television reporter had a chance to interview LDS President Gordon B. Hinckley., In Winter of 2002, prior to the 2002 Salt Lake City Winter Olympics
YES. ANOTHER CRITICS ABOUT FINANCES, I READ IN DIFFERENT MAGAZINES THE RUMOR THAT YOUR CHURCH IS VERY WEALTHY, AND I'D LIKE THE NUMBER OF 30 MILL…BILLION DOLLARS, US DOLLARS, WHAT DO YOU RESPOND?
THAT'S SOMEBODY'S GUESS. THAT'S JUST A WILD GUESS. WELL, THE FACT OF THE MATTER IS, THIS, YES…IF YOU COUNT ALL OF OUR ASSETS, YES, WE ARE WELL-OFF. BUT THOSE ASSETS, YOU HAVE TO KNOW THIS, ARE NOT MONEY-PRODUCING. THOSE ASSETS ARE MONEY-CONSUMING. THOSE ASSETS, INCLUDING MEETING HOUSES, CHURCHES, THOUSANDS OF THEM ACROSS THE WORLD, THEY INCLUDE TEMPLES, THEY INCLUDE UNIVERSITIES, THEY INCLUDE WELFARE PROJECTS, THEY INCLUDE EDUCATIONAL FACILITIES, THEY INCLUDE ALL THE MISSIONARY WORK, THEY INCLUDE HUMANITARIAN WORK, THEY INCLUDE ALL THESE THINGS WHICH USE MONEY. WHICH DON'T PRODUCE MONEY. THE CHURCH IS…THE INCOME OF THE CHURCH COMES FROM THE CONSECRATIONS OF THE PEOPLE, WHO TITHE THEMSELVES, PAY THEIR TITEHS, THE ANCIENT LAW OF THE TITHE IS THE CHURCH'S LAW OF THE MANSE. AND THAT'S WHERE THE MONEY COMES WHICH OPERATES THE CHURCH. IF YOU LOOK AT OUR BALANCE SHEET, THAT SHOWS ALL THE FACILITIES THAT WE HAVE, AND THE PROGRAMS WE CARRY, WE APPEAR VERY WEALTHY. BUT YOU MUST REALIZE THAT ALL OF THOSE PROGRAMS CONSUME MONEY, THEY DON'T PRODUCE IT. THAT THE MONEY WHICH WE USE COMES FROM THE CONSECRATIONS OF THE PEOPLE.
So Here Is The Lie . They seem to have income producing assets , how else can they spend $1.5 billion without using Tithe funds ?
If anyone knows different please tell me !
From DeseretNews.Com February 4th 2007
Over the next five years, The Church of Jesus Christ of Latter-day Saints' estimated $1.5 billion City Creek Center project in downtown Salt Lake City will add five new residential towers to the skyline, with about 430 new residential housing units.
From Ensign Magazine December 2006 p79
The Church first announced three years ago it was planning to redevelop the downtown area to energize the economy of the city that houses its headquarters and to bolster the area near Temple Square. No Tithing funds will be used in the redevelopment .
THE LIE ...... Gordon Hinckley says the churches's assets are money consuming , so where does the estimated $1.5 billion Dollars come from ?
Answer........ From Church Investments . So they have money producing assets also !