LDS Church's Stock Portfolio Under Scrutiny AGAIN [Mormonism Live 180]

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Get set for EXPLOSIVE News on Mormonism Live as our dynamic duo RFM and Bill Reel are back in action, ready to unravel the jaw-dropping saga surrounding the Mormon Church and its investment arm Ensign Peak. The Church of Jesus Christ of Latter-day Saints faces NEW allegations around the LDS Church's stock portfolio. With cloak-and-dagger tactics, hidden shell companies, and whispers of Villainous rule-breaking, this podcast promises a wild ride through the intersection of Prophets & Profits. Don't miss a moment of the pulse-pounding excitement in "LDS Church's Stock Portfolio Under Scrutiny," exclusively on "Mormonism Live"!
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6 окт 2024

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Комментарии : 86

@brentwooden7995 4 месяца назад

Nothing surprising to me, members are blind, NO ONE IS held accountable.

@hlnbee 4 месяца назад

And I thought honesty was the best policy.

@DancingQueenie 4 месяца назад

Financial and sexual crimes go all the way back to the beginning.

@TEAM__POSEID0N 4 месяца назад

In our heart of hearts, I think we all know that Jesus needs, wants and deserves to have a massive slush fund, so that he can enjoy the excitement and fun of investing in the securities markets, seeing what he can get away with and so on. If one reads and ponders the scriptures carefully, reading between the lines, it's easy to see that he didn't really want to be born when he was and where he was. He wanted a job in finance and wanted to be born in NYC or in the City of London. He didn't want to just be a day trader. He wanted to be like the head of a massive asset management company...and own all the assets. Local congregations and communities don't need that money as much as Jesus does. Let's all pitch in and help make Jesus's dreams come true! Rusty and Associates are doing their part.

@alicebert618 4 месяца назад

I love the Widow’s Mite Report. Financial improprieties and secrecy were the first items on my “shelf.” Once I realized how the church cheats I looked deeper and I left the church.

@katie17330 4 месяца назад

The budgets for wards and stakes have been shrinking over the last few years in my area. I stopped paying tithing when I realized the ward budget, Relief Society, Elders Quorum, Young Women's, Young Men's, and Primary's budgets could all be covered by my tithing alone.

@lynnjohns4650 4 месяца назад

Spot on! Seeking $200k tithing refund! Uninformed consent= Cult con scam= fraud!

@tawneenielsen4080 4 месяца назад

So sad. What in the heck is our religion holding so tightly onto money for? Ooorrr, "You can buy anything in this world with money." So sad

@TEAM__POSEID0N 4 месяца назад

That massive slush fund, now in the hundreds of billions, simply represents an incessant draining and extraction of wealth AWAY from local congregations and communities (including all of the investment potential that goes with the "tithing" extracted)...a process that has been going on for decades now. The amount returned by the Church in any form is a small fraction of the extraction. All in the name of collecting money for Jesus (who apparently has nothing better to do than invest it in the securities markets, dubious real estate acquisitions and redundant MacTemples).

@TEAM__POSEID0N 4 месяца назад

It's a relentless wealth extraction program that has been draining resources AWAY from local congregations and communities for decades. Very little is returned by the Church to those congregations and communities. With every dollar of donation/tithing sent to SLC...also goes the investment/earning potential of that dollar (which the "Church" obtains and then pretends is "not tithing"). Gone forever from the local congregations.

@jobiquirobi123 4 месяца назад

I’m actually in the same position. I’m a stake auditor and I found out exactly that, my tithing alone can cover the very few help they gave… I stopped paying tithing as well but I kind of feel weird about it, however I try to give charity in other ways.

@williamb.9110 4 месяца назад

All of this reminds me of the bible stories of Jesus cleansing the temple. To me, all of this seems so worldly for a true church to be so involved.

@zackc3767 4 месяца назад

Waiting patiently for Widow's Mite to find out that one of these companies was bought at an inflated price and the company was owned by a Church Authorities' relative.

@NorthernShrew 4 месяца назад

Why does Ensign Peak not lose their ability to trade or manage funds? Can the SEC force an entity to use outside traders and financial managers after violations like these?

@joshuaconnelly2415 4 месяца назад

About three years ago the church sent a letter to all stakes saying that they were appropriating all savings (money not spent from previous years) above about $2:5K. My branch had saved almost 9K which we were saving to use for some big-ticket activities, and out it went to greedy SLC.

@thegigisup6 4 месяца назад

BIG thanks to all 3 of you for keeping us updated and hopefully influencing the church to choose to be honest🤞

@ApostateJoeSmith 4 месяца назад

I wonder if, since the Church invoked the "bad Lawyers made us break the law" defense, in response to their last investigation, which is directly related to this one as well, does this open the Lawyer's work up to investigation in furtherance of a crime as well this time?

@stevenhenderson9005 4 месяца назад

My investment portfolio has doubled since 2019 so is it unrealistic to assume the church's portfolio has also doubled since then? So maybe $500 billion now.

@cynthianelson9244 4 месяца назад

The LDS Church doesn’t need tithing from members. Stop paying this already too rich church.

@cynthiaortegon8413 4 месяца назад

Stand outside your church with signs stating with New SEC Crime😊

@tawnyachristensen7310 4 месяца назад

Thanks for informing us! I love to hear more from Spencer, and a big thank you to The Widows Mite!

@dallenford9592 4 месяца назад

To the final point: If you think that transparency will make the church (or any other organization) look bad, it's because deep down some part of you realizes the church/organization is bad. If you truly believe the church is good, then transparency can only serve to expose the good - and isn't the church supposed to be the shining light, not covered by a bushel (to paraphrase Jesus)? How can it be a shining light if it is not transparent?

@DoctorWithoutDogma 4 месяца назад

Wealth under the table, interest on the loans, strength in the coins, and in the revenues. Power in the tax-free fraud be upon me and upon my prosperity, for all wealth generation of mine and throughout all SEC-proven chicanery.

@TEAM__POSEID0N 4 месяца назад

Luv it! This is from the second anointment ceremony, right? In the Holy Schmoly of Holy Schmolies. I can't remember if it's recited while the initiate is wearing a poncho and playing with olive oil or if it's done while hugging a strange man through a gauzy veil. But it certainly focuses one's mind on the higher things of importance for the Lord's very electest elect leaders of great election.

@DoctorWithoutDogma 4 месяца назад

@@TEAM__POSEID0N it’s from the part that requires a tall steeple.

@TEAM__POSEID0N 4 месяца назад

@@DoctorWithoutDogma That makes sense. That's the part of the ordinance where one's "galling and erection" is made sure....galling local communities by ignoring their zoning regulations to ensure the erection of a very tall steeple.

@jennifermay8710 4 месяца назад

I love when Spencer is on the podcast.

@KendraAndTheLaw 4 месяца назад

Most of the members don't seem to care

@laceyfern 4 месяца назад

and how sad is that!? it’s that persecution complex 😒

@TEAM__POSEID0N 4 месяца назад

The guys who wear dark suits and work out of a high-rise office building in SLC have told the members that Jesus told them to tell the members that Jesus wants the members to fork over the money to them because Jesus wants them to collect the money for Jesus and manage it for Jesus. It's a miracle that the members believe this...but they do. So don't tell me that the age of miracles is over.

@zjco9344 4 месяца назад

Cult effects.

@KendraAndTheLaw 4 месяца назад

@@TEAM__POSEID0N That's the opposite of a miracle. It's a miracle when a gullible dupe sees the truth

@rogerbrunt5918 4 месяца назад

Cognitive desonance

@rmj4978 4 месяца назад

I love you guys! You’re totally brilliant❤❤❤

@TEAM__POSEID0N 4 месяца назад

Typically, in large-block shareholding reporting systems, concepts such as "common control", "specially related entities" and "acting in concert" are applied and relevant disclosures are required in the reports. If that applies in the SEC's 13-G system, that would mean that any combination of the shell companies' holdings that reached the 5% threshold would have to be reported (possibly by one of the entities, who would have to disclose the relationship to the other entities, as the designated reporter for the relevant cluster of entities). The fact that they were all under the common control of Ensign Peak would have linked them in every instance to Ensign Peak and to each other. It wouldn't surprise me if Ensign Peak (aka "The Church") wanted to avoid 13-G filings BECAUSE of the relationship disclosures that would have been required in the reports...meaning that if they honestly disclosed the full scope of their "special relationships", common control, acting-in-concert potential, etc. the entire cover provided by the shell companies would have been publicly blown. Every 13-G would likely need to have disclosed the relationship to Ensign Peak.

@edsqueenlarene6917 4 месяца назад

"I like condoms and fighter jets" -Bill Reel. This needs to be on a t-shirt! 😂

@whitesalamander 4 месяца назад

Truth and transparency - concepts foreign to Russell Moneybags Nelson.

@hlnbee 4 месяца назад

Seems strange for a surgeon to not care about truth and transparency.

@emmapurcell5501 4 месяца назад

I wish my family would listen to this and stop paying this disgusting organization. Christ preached against churches like this. Thank you for doing the Lord’s work Bill, RFM, and Spencer!

@Latter-dailyDigest 4 месяца назад

Luv Spencer❤❤❤

@nextstep04 4 месяца назад

Is Rio Vista Energy part of Rio Tinto….copper mine? That has their hands in all kinds of power and corruption…cough cough….in UT?

@IAmJustOneMom 4 месяца назад

Had the same question.

@IAmJustOneMom 4 месяца назад

Thank you Spencer & MLive.

@Pay-It_Forward 4 месяца назад

Major restructuring needed. We need someone altruistic, of true candid empathetic caring, honesty, integrity & compassion as Prophet, like Nemo!!! Vote Nemo for Prophet, not Nelson for profit.

@alicebert618 4 месяца назад

The church is a bureaucracy and the top leaders are selected for their loyalty to the church even if it violates ethics or law. I think they have to have shown themselves to be willing to do wrong for the bureaucracy.

@mtddmtdd1 4 месяца назад

These missing forms are a side show. The real story is insider trading. The church uses one shell company to manipulate the price of specific stocks while another shell uses that foreknowledge to make profitable trades. For example -- If the church owned 100,000 shares of company xyz in shell A and decided to sell those shares on a future day, then shell B would "short sell" those same number of shares prior to that date creating a profit for shell B as prices declined. Shell C could buy put options and create profit in Shell C. Shell D could take position in the futures market and make profit for D. -* FOREKNOWLEDGE makes money and the church has enough money to manipulate markets at a certain time in the future. With enough shells you could reverse this process and make money on the buy side. This also opens the door for individual insider trading if that information is provided to certain special relatives of Apostles. The FBI and IRS really need to get involved in this and start seizing records.

@aredesuyo 4 месяца назад

I wouldn't be surprised if that kind of financial legerdemain has been going on since the 19th century. The Q12 always was an old-boy's business network.

@WolvesinFrance 4 месяца назад

Are tithes paid via personal bank account like a direct debit, or does the CONgregation put it on a plate each week/monthly Sunday as we do in the Catholic Church? In the Catholic Church, we give wan want to, there's no percentage. We have a numbered envelope to put on the plate monthly or we can request a set amount each month, of our choosing regards to amount. Ten percent is alot IMHO, hence the BILLIONS the LDS Church has stashed in assets, yikes.m

@aredesuyo 4 месяца назад

@@WolvesinFrance There's no collection plate, but it is possible to hand physical cash or a check to the bishop at church (in a church-supplied envelope with a form inside to fill out). About ten years ago, they put in place an online system that enabled direct debit, which most people use nowadays. Yes, 10% is a lot--especially for the poor. When I finally quit throwing away 10% of my gross wage in 2015, I experienced the financial blessing of not having to ask my parents for money anymore, plus actually being able to put away for the future like a responsible adult.

@IAmJustOneMom 4 месяца назад

Could the ownership of TCP in 2002 just have been transferred to a different shell company? Is there a way to know if there are more shell companies yet undiscovered?

@whenwollf 4 месяца назад

I'm active LDS but I really enjoy listening to RFM and Mormon Stories pod. It bothers me that the church has the hypocrisy of telling us to be honest in all our dealings but does things like create shell companies to avoid having to disclose assets. Nevertheless, having come to the realization that the church isn't what it claims to be (I don't think any religion is "true"), I've never experienced a more enduring and genuine community than in my local ward. My new motto is "the church isn't true, the members are."

@cwb1400 4 месяца назад

So glad I left the cult 13 years ago and still angry at the tithing money I paid. And I didn’t even pay what I was supposed to. 😂

@jenipeterson5576 2 месяца назад

Profits over prophets!

@TEAM__POSEID0N 4 месяца назад

One typical talking point that I've seen numerous times from faithful Mormons on this subject: "My obligation to pay tithing is to Heavenly Father, so it doesn't matter what happens to it after I've paid it to Heavenly Father's representatives. If they misuse it, then Heavenly Father will deal with them, and I will know that I kept the commandments".

@erstwhile3793 4 месяца назад

😂 neatly sidestepping the question; and from whom did you learn that this was “heavenly father’s law”? Oh yeah! From the very people who are allegedly misusing your contributions. Weird. Huh.

@ginafrancis4950 4 месяца назад

I was led to believe that paying gross 10% tithe was the only way to get a temple recommend and dwell in the celestial realm after death. Why would the leadership be worried about members not paying tithing if their actual wealth was known? Members gotta pay their way to glory no matter what the church’s shady dealings are. The church is one very wealthy stinking pile of BS in every way.

@TEAM__POSEID0N 4 месяца назад

@@erstwhile3793 Yep. Weird ain't the half of it. Faith in Mormonism is pretty much a never-ending exercise in begging the question. A faithful Mormon will give me an explanation like that above and I'll just ask something simple like "how do you know that you're really paying it to 'Heavenly Father's representatives'?".... And they'll just look at me with a blank stare, as though I was speaking to them in Reformed Egyptian, or some other unknown language. Finally, we just rinse and repeat when they tell me they "know" because of the invisible, odorless "Holy Ghost" (TM) and "feelings" obtained therefrom.

@yijumiller5659 4 месяца назад

My husband faithfully paid tithing even after SEC scandal… it is the power of believing that I think one’s will be blessed with the action because they believe in it. This principle can apply to any religion and faith

@TEAM__POSEID0N 4 месяца назад

Church message to local congregations (for decades upon decades): "Give to us this day our daily wealth extraction...and to you one day we may (or may not) return a tiny fraction." "Now that's more of a couplet than anything else, but it does encapsulate our robust program aimed at net wealth extraction from local congregations and communities. And we do not regard potential investment returns on tithing money as tithing, even though the local congregations give that up too when they send their money to us in SLC." ~ Hoardin' B. Finckley (Author of "Standing in Something")

@knparker8 4 месяца назад

Great information. Is there any way to find out what companies the Mormon church owns more than 5%?

@kennethd.9436 4 месяца назад

In the episode they discussed how Ensign Peak was doing its best to hide the true amount of ownership in companies by splitting it between shell companies. Ex. two companies at 2.25% ownership, totaling 4.5% ownership.

@IAmJustOneMom 4 месяца назад

Could JDM Realty have been "acquired" by another Mormon shell company/llc?

@anonanon1982 4 месяца назад

👍🏻👍🏻

@steveambrose2349 4 месяца назад

Without “feelings” the Mormon church would not exist. Members are told to “feel” the truth. If it’s a yummy feeling (a Mormon principle members are required to abide by), then it must be real…meaning it must be true. Talk about circular reasoning. Facts are not faith!

@hlnbee 4 месяца назад

Mutual Funds invest in a lot of things that violate church standards.

@bruce3360 4 месяца назад

Normally liberals don’t like this level of financial scrutiny unless it involves Trump. Looks like the corporation is gaining attention in their financial transactions. That’s a good thing in my opinion.

@MAJdrdtucker 4 месяца назад

secret combinations

@RyanAdams-d4y 4 месяца назад

I'm wondering how to CANCEL these ridiculous MORMON ads all over RU-vid. I'm Christian and believe in the Holy Bible not the rewrite false doctrine of the "Latter-Day saints"

@Avenger24601 4 месяца назад

Pay for RU-vid Premium. No ads. It’s worth the 29.99/mo to me.

@RyanAdams-d4y 4 месяца назад

@@Avenger24601 Spectrum, At&t, Netflix, Hulu, now 29.99 for you tube? I can't do it right now

@Audrey-km9in 4 месяца назад

Professor Anderson - you misspoke when you stated "a war on Gaza". The war is in Gaza, not on Gaza. The war of which you speak is against Hamas, a terrorist organization that attacked Israel on October 7, killed 1200 innocent Israelis, brutally, heinously murdered infants, raped & killed women, and have taken hostage many Israelis whose status is unknown. Hamas was elected by the Palestinian people and has done everything possible to keep the Palestinians in abject poverty. Terrorists attacked Israel & care nothing for the people of Palestine. Israel has every right to defend itself. Terrorist care nothing for collateral damage.