tag:blogger.com,1999:blog-226103369043606765.post8430095339763153831..comments2024-03-28T18:27:22.617-07:00Comments on Banned by HWA! News and Observations About Armstrongism and the Church of God Movement: "I look back now and I cannot believe how damn stupid I was!!! I KNOW BETTER THAN THIS!!!!" NO2HWAhttp://www.blogger.com/profile/02018654662518613623noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-226103369043606765.post-72816139291958122282017-06-21T20:40:36.157-07:002017-06-21T20:40:36.157-07:00Herb flew by the seat of his pants...
It was a m...<i>Herb flew by the seat of his pants...</i><br /> <br />It was a magic carpet ride. <br /> <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-79394282196848486232017-06-21T20:37:35.890-07:002017-06-21T20:37:35.890-07:00In Armstrongism alone, there are between 400 - 700...<i>In Armstrongism alone, there are between 400 - 700 different splinter groups that have arisen over the last 80 some years. Everyone of these blowhards claim an exclusive inside track to knowledge not reveled to any other COG minister.</i><br /> <br />Not true. Some, perhaps many, of these little groups simply say they are holding onto certain teachings that were given to all or many other groups. Some of these little local groups have no minister or deacon, if those are the blowhards you are referring to. <br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-13504113363001579202017-06-21T11:36:54.473-07:002017-06-21T11:36:54.473-07:00Financial responsibility in the early WCG was non-...Financial responsibility in the early WCG was non-existent. Herb flew by the seat of his pants, and it wasn't until Al Portune forced financial responsibility that it became a financial behemoth, but the spending never was at safe levels where Herb himself was concerned. One time, he, Rader and company went through the mail processing center where he grabbed fistfuls of cash and doled it out, precipitating finacial chaos for others to straighten out. Then, he went on another lavish trip and spent just as wildly. He was basically a mafia don, and you lived well if you could stay in his good graces.<br /><br />Allen C. DexterAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-47291841035430313952017-06-21T00:49:56.622-07:002017-06-21T00:49:56.622-07:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-16957837816022951172017-06-20T20:20:37.025-07:002017-06-20T20:20:37.025-07:00So the above churches have incomes of 11 to 19 mil...So the above churches have incomes of 11 to 19 million dollars, yet the smaller (3-4 thousand) PCG went and brought a 13 million dollar jet. <br /><br />My bible says 'prove all things,' a private responsibility. I wonder how many members in these wacko groups have immorally 'sub contracted' this responsibility to their ministers. It's like a religious version of McDonald's. A ready made belief system, instance (fair weather) friends, and a daddy minister that relieves one of personal responsibility. <br />It's also like selling your soul to the devil.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-89412664629552133532017-06-20T17:02:41.995-07:002017-06-20T17:02:41.995-07:00This comment has been removed by the author.DennisCDiehlhttps://www.blogger.com/profile/10417850852638492246noreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-77471502770881856702017-06-20T16:39:24.607-07:002017-06-20T16:39:24.607-07:00Anon at 11:24
You are correct about cash reserves...Anon at 11:24<br /><br />You are correct about cash reserves. 2 to 3 months reserves are typical. Some companies will use lines of credit or other mechanisms as reserves. Low cash reserves can indicate one of two things, and they are actually opposite of each other, it either indicates extremely efficient cash management, or conversely, overspending and a drawing down of reserves. Anonymoushttps://www.blogger.com/profile/14910856904624749641noreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-59647617389955732732017-06-20T12:28:17.160-07:002017-06-20T12:28:17.160-07:00I lost a lot of friends and family because of that...I lost a lot of friends and family because of that Armstrong shit. After I got as far away as I possibly could from WCG, I tried my best to reconcile with my family and friends and some of them didn't trust me anymore because they thought it was a trick to get them to join Worldwide. My life has been in shambles 'cause of Hebert Armstrong. I hope that old fart burns in hell fire !!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-226103369043606765.post-39303973267124870622017-06-20T11:24:08.557-07:002017-06-20T11:24:08.557-07:00One consolation is that these groups usually ultim...One consolation is that these groups usually ultimately bring themselves to ruin. You can even watch this in progress in their financial reports. Weinland didn't release audited financials, but COGWA is open enough to do so, as is LCG:<br /><br /><a href="http://members.cogwa.org/uploads/Church_of_God_A_Worldwide_Association_Audit_2016.pdf" rel="nofollow">COGWA 2016 Financials</a><br /><a href="http://www.lcg.org/media/Living_Church_of_God_2016_Issued_Financials_v170608.pdf" rel="nofollow">LCG 2016 Financials</a><br /><br />Notice that LCG spent $18.9 million last year but has just $1.6 million in cash reserves. <br /><br />COGWA spent $11.2 million and has $4.2 million in cash reserves.<br /><br />Most business experts recommend that a company have at least three months of cash reserve to weather unpredictable events. COGWA seem to be responsible stewards, with cash reserves equal to about 38% of a year's expenses. LCG, on the other hand, has just 8% of a year's expenses. In other words, if everyone in LCG banked their tithes for just one month, the organization could run out of money. A two-week postal strike could cut LCG reserves in half. Rod Meredith died before he could bankrupt two churches, but he seems to have left LCG very close to the brink.Anonymousnoreply@blogger.com