"What goes up must come down" is one of those fundamental laws of physics (assuming there is no divine intervention of course). However in the end it's all a gamble. . . and sure enough The Beehive got stung.
Nope
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I wonder if not all the Church departments got the memo."
Please note: The image to the left is an insert for editorial comment made here. It is not part of the post from May 20, 2020 from the source
Report: Mormon church investment fund had nearly $38 billion
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This account is taken from one of your MesaZona blogger's multiple sources of information: https://barerecord.blogspot.com/
LDS CHURCH LOSES 8 BILLION DOLLARS OF VALUE IN THEIR "RAINY DAY ACCOUNT"
"The Salt Lake Tribune printed an article this morning that the investment arm of the Church of Jesus Christ of Latter day Saints, reported to federal regulators that the value of its stock holdings fell by $8.1 billion during a three-month span. Here is a link the article: [LINK]
Compare that 8 billion dollars (8,000,000,000.00) loss to what The Church of Jesus Christ of Latter-day Saints gives annually to help the poor, sick and needy. President Oaks reported (LINK) that the Church gives about $40 million on welfare, humanitarian and other LDS Church-sponsored projects around the world and has done so for more than 30 years (equals out to approximately $1.2 billion on welfare and humanitarian efforts over the past 30 years.)
So much has been said on how prophetically we had been prepared as a Church for the Covid pandemic with the programs that were put into place like our study manual to have home church.
Please note: The image to the left is an insert for editorial comment made here. It is not part of the post from May 20, 2020 from the source
