Posted by:
dydimus
(
)
Date: October 18, 2017 04:55PM
Although it turned out okay after a few decades, David O. McKay is the one who had to kick Henry D. Moyle out of the First presidency because of him getting the church so involved in land and real estate speculation, that they couldn't provide the members with any real numbers like... We own almost a quarter of Hawaii (Baldwin Ranch, North shore of Oahu, etc...) we own almost a quarter of the "good island" of New Zealand. We own almost a quarter of Florida. but we owe banks and lenders all of the money that was used to buy these lands. Sounds kinda like Trump's business acumen. Borrow and build using someone else's money; then claim bankruptcy so you don't have to pay them off.
https://en.wikipedia.org/wiki/David_O._McKayhttps://en.wikipedia.org/wiki/Henry_D._Moylehttps://www.bloomberg.com/news/articles/2012-07-18/how-the-mormons-make-moneyMake sure on the Bloomberg article you read all seven pages, because they point out that only about 3% of all tithing is actually used in charitable causes.