DCP doubts the church has even 50 billion dollars

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Analytics
Elder
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Joined: Wed Oct 28, 2020 3:11 pm

Re: DCP doubts the church has even 50 billion dollars

Post by Analytics »

Dr Moore wrote:
Sun Sep 17, 2023 11:26 pm
$50 billion is not “unconfirmed.” That much in liquid (publicly traded) investments is disclosed in the SEC 13F, which is a regulatory disclosure for large holders of certain publicly traded securities (stocks, options, ETFs, convertible stock and warrants). I just checked the latest 13F and it’s $49.3 billion.

13F securities are pretty narrow in terms of the types of investments available to large money managers. 13F does not cover any others, such as real estate, bonds, US treasuries, mutual funds, private equity, venture capital. The church is known to be active in all of them.

So there is no point in defenders of the faith quibbling over $50 billion or $100 or $150 or even $200 billion. That line of “defense” only conveys willful ignorance.
I think his point is that the $49.3 was self-reported by an organization that has been proven to lie on SEC reports. Just because the Church says it has $49.3 billion in 13F Securities doesn't mean it really does.
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