Share on Google Plus Share on Twitter Share on Facebook 2 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 2 (4 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   1 comment

OpEdNews Op Eds

Mitt and Mormonism: Does It Matter?

By (about the author)     Permalink       (Page 8 of 9 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 1   Well Said 1  
View Ratings | Rate It

Become a Fan
  (191 fans)
- Advertisement -

They include the $1 billion, 290,000 acre Florida based Deseret Ranches. It has 44,000 cows, 1,300 bulls, citrus, sod, and timber. Foreign based affiliates operate in Britain, Canada, Australia, Mexico, Argentina and Brazil.

The church also runs several for-profit real estate enterprises. They develop, own, and manage malls, parking lots, office parks, residential buildings, and other businesses.

Hawaii Reserves owns or manages over 7,000 Oahu acres with commercial and residential buildings, parks, water and sewage infrastructure, as well as two cemeteries.

Oahu's Polynesian Cultural Center is a 43 acre tropical theme park. It hosts luaus, canoe rides, and tours through simulated Polynesian villages.

Utah Property Management Associates is another operation. Its new megamall is part of a $5 billion downtown Salt Lake City makeover. 

According to Utah Governor's Office of Economic Development official Spencer Eccles:

Church officials run "their businesses like businesses, no bones about it."

Given their vast enterprises and business expertise, Sociology Professor Ryan Cragun said it makes more sense to call them "The Church of Jesus Christ of Latter Day Saints Holdings, Inc."

- Advertisement -

Like other churches, many of its operations and donations are tax exempt. They're also secretive. Religious operations aren't obligated to explain much publicly. In the early 1960s, the LDS church stopped reporting finances entirely.

In 1997, a Time magazine investigation estimated its total worth at $30 billion. It said about $5 billion flows into church coffers annually through tithes. It also owned around $6 billion in stocks and bonds.

A more recent Reuters/Professor Cragun investigation estimated a $40 billion net worth, including up to $8 billion annually in tithing.

Church finances are so compartmentalized that no single person, not even the president, has access to them all. They're vast, growing, profitable, and perhaps greater than estimated totals. 

Modern Mormonism isn't just a religion. It's a money making machine.

- Advertisement -

Stephen Lendman lives in Chicago and can be reached at Email address removed

His new book is titled "How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War"

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8  |  9


I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

is officially called The Church of Jesus Christ an... by Hubert Steed on Thursday, Sep 6, 2012 at 2:10:48 PM