Fulfillment of Thomas Gibson's Economy Prophecies

As shown in Thomas Gibson's Prophecies
at http://prophetic-word.org
As Interpreted by Rev. Jack Barr


Last update - 1/8/2004

It must be stated that there has never been, nor will there ever be, any Prophecy that will, or can, replace any part of the Word of God as given to us in God's Holy Bible. The Prophecies are a supplement, an additional word from God, that will, if from God, reinforce the message that God has given us in His Bible and by which the Bible itself will be the key to understanding any and all prophecies. Any Prophecy, from any source, that is in conflict with God's Word in the Bible, is not of God.

Rev. Jack Barr

Many prophecies from Thomas Gibson have multiple prophecies or parts within each numbered prophecy. Therefore, the part fulfilled does not include everything in the numbered prophecy, but only the one part listed here.



The Economy

1994 10 05.1 Canada At first there will be some success in converting the enormous debt of this nation to reducing it somewhat. But I will not let this happen to any length

Partially fulfilled. Canada has now paid some down on its debt. (as of Nov. 2000)

1994 11 01.1 USA: financial problems, earthquakes, and other disasters.

Fulfilled by early 2003. Stock fluctuations in 1998, and 1999, and Stock major dip after 9/11/2001 Terrorist attack on World Trade Centers Buildings with aircraft. Several Major Financial Companies collapse, and scandals. Major flooding, fires, storms, earthquakes, tornadoes, hurricanes.

From CNNMoney

If you thought the Dow's 554-point drop on Oct. 27, 1997 was rough, consider the 508-point drop 10 years earlier, on Oct. 19, 1987. The 1997 decline was a mere 7.2 percent, while the 1987 crash -- the worst one-day drop in stock market history -- chopped 22.6 percent off the value of stocks. More recently, the shocks have been prolonged and painful: If you had invested in a Nasdaq index fund around the time of the market's peak in March 2000, you would have lost three-fourths of your money over the next three years.

In 1994, the worst year for bonds in recent history, intermediate-term Treasury securities fell just 1.8 percent, and the following year they bounced back 14.4 percent.

1997 12 31.1 BEGINNINGS of an economic crash shall be there

Fulfilled by a volatile stock Market. In 1998, and has become much worse by 2003, with several major Financial companies collapsing economically.

1998 01 21.1 next few months a big crash on the stock market

Fulfilled with a volatile stock market in 1998, followed with another volatile stock market in 1999.

From September 23, 1998 United States Republican Policy Committee.

In a word, this year's stock market has been volatile. So far in 1998, the Dow Jones Industrial Average (DJIA) has seen 61 days where its value has changed by the significant margin of one percent or more - 34 days up and 27 days down. The DJIA's 1998 average monthly change (through August) is 4.05 percent - a rate of change unsurpassed during the current seven-and-one-half-year economic expansion with only one exception (a 4.82-percent average change in 1997).

1998 from the Pennsylvania Gazette.

Other than the White House sex scandal, the turbulence on Wall Street has been the news story of the summer and early fall, made more dramatic by the increasingly widespread investment in stocks. And so intertwined have the world's economies become that financial crises in Russia and Asia have put serious dents in the investment portfolios of people a hemisphere away.

The Evidence of Volatility

There is no shortage of evidence of the stock market's 1998 volatility. In 11 of the last 18 sessions, the DJIA has moved one percent or more, a significant amount in anyone's estimation, and in 6 of the last 11 sessions, it has had shifts of 150 points or more. For the year, the DJIA has had 61 days where its value has changed by more than one percent.

1999 07 19.4 By the end of this year I shall shake this economy

Fulfilled: volatile stock market,

1999 Chairman Letter

What a year it's been! Virtually all the large companies have seen erosion of capital and value in the stock market. 1999 was not the year for stock options.

Perspective on the Stock Market

Making History (April 4, 2000)
This past Tuesday, words and numbers together told the story of one of Wall Street's most remarkable days. A "wild ride," proclaimed The Washington Post. A "roller coaster," commented one New York Times article. A "bungee jump in prices," observed another.

In numerical terms, the Dow Jones Industrial Average and the NASDAQ Composite Index-which track the stock values of the nation's leading companies each fell by more than 500 points-an extraordinary amount. Then they turned around and made a dramatic recovery by day's end. How does Tuesday's roller coaster ride compare with other famous days in Wall Street history?

On April 4 the Dow Jones Industrial Average (DJIA) lost only 57 points (a point is the unit used to measure the combined gains and losses among the well-known stocks covered by the average). But earlier in the day, this closely watched indicator of U.S. stocks had fallen 504 points, one of its single greatest losses.

The NASDAQ Composite Index, the stock listing that contains many of the strongest technology companies, was headed for a record loss of its own-575 points-before reversing itself to finish the day 75 points lower.

2001 01 20.1 This is the beginning of the crash

Fulfilled: with downturn of Market after Sept. 11/2001 attack on World Trade Centers buildings.

October 2001 From Firehouse Funding Zone by Dennis Smith

Jack Mayberry: The attacks on the World Trade Center and the Pentagon came at just about the worst possible time for the U.S. economy and the stock market. By Sept. 11, the United States had been slipping into recession and the stock market had fallen to its lowest levels in three years. Air travel came to a near standstill and many industries, from tourism to semiconductors, shuddered to a halt. The stock market, having been closed for four days after the attacks, reopened on Sept. 17 and suffered its worst week in 60 years. In the weeks since Sept. 21, the stock market has begun to rally again.

History gives some guidance in considering the effect on the stock market; our own feelings suggest answers about the economic impact. First the economy: For a year before the Sept. 11 attacks, spending by businesses on technology hardware and software had been slowing. Until the summer, the consumer side of the economy had been holding up well, including auto and home sales as well as retail spending on smaller items. However, as layoffs spread, consumer confidence and spending began to fall. As the stock market declined further in recent months, individual investors saw (and felt) their wealth shrinking and they began retrenching.

2001 03 17.1 I could see him step out with his heels so close to the edge that he was barely on the ground. As I watched he step right off the cliff and began to fall.

Fulfilled with the market drop after Sept. 11/2001. attack on World Trade Centers buildings. Also fulfilled were 1998 10 27.1; 2000 05 29.1; 2000 11 01.1; 2000 11 01.2; 2001 02 19.1 which are related to this prophecy.

Barron's: Not Your typical Bear Market

In its July 1, 2002 article, "After The Bubble," Barron's adroitly explained the current bear market. "Signs abound that the current stock market downturn is no typical slump," they note. "The Federal Reserve has administered repeated adrenaline jolts of monetary easing since January of 2001 and yet the S&P today is more than 20% lower than it was when the Fed began lowering interest rates. Typically, stocks rebound once the economy begins to recover. Yet prices are down some 15% from this January, when most economists felt the recession of 2001 ended."

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