Crowing The Triumph Of Truth
Truth and accuracy are the most important factors in the interpretation of Bible prophecy. Far too many prophetic commentators let speculation or outright lying get the best of them. It�s bad enough that many of them are wrong in their presumptions about the future. But what makes it really bad is when many of them claim that God is their divine source..
Most of these people never learn from their mistakes. The same prophecy teachers who were wrong about predictions they made will often go on to make additional erroneous forecasts. It is strange that some of the most intelligent men of God seem to make the most grievous errors. The public needs to share some of the blame for blindly trusting men who have already proven themselves to be false prophets.
Twice in the history of Rapture Ready, I have staked the future of this website on my strong convictions of what would be the eventual outcome of unfolding events. I told people in my weekly commentary that if I were wrong about the silliness of the Y2K bug and the stock market bubble, I would discontinue my website.
In 1999 and 2000, I was absolutely certain that the passage of time would prove me to be correct. If my conclusions were wrong about these two situations, I didn't think it would be possible for me to continue the site after having made such grievous blunders.
Once the year 2000 passed uneventfully and the stock market bubble collapsed under its own weight, I removed the two articles I have written on both subjects. I believed that the point had been made and it was time to move on to other issues.
I've now realized it is very important to learn from the mistakes of the past. A large number of prophetic ministries jumped on the Y2K bandwagon, and most of them have failed to gain any knowledge from their misjudgment. The same crowd who told us to buy batteries, bottled water, and freeze-dried food is now busy predicting other forms of doom.
Equally, there were a few lessons learned from the stock market bubble. The same financial advisors who said the Dow Jones would rise to 100,000 are now hyping gold as the perfect vehicle for achieving instant wealth.
Because we have an opportunity to learn from both good and bad choices, I've decided to re-post both articles.
The Y2K Hoax: Myth or Mayhem
- December 1998
When I wrote my article on the Y2K hoax, several people said I was misleading people by not telling them to prepare for the hardships of the coming technological meltdown. A few of the folks demanded that I post a humble apology once the Y2K bug proved to be a reality. When the year 2000 came and the lights stayed on, I didn't get a single email from anyone that was willing to admitt he or she was wrong.
Bubble Trouble - January 2000
During the go-go days of the dot-com bubble, I remember getting into arguments with people who told me the internet was still in its infancy and stocks were destined to rise above what was already incredibly lofty levels. One gentleman told me Cisco Systems, one of the stocks I had commented on in my Nearing Midnight update, had many years of growth ahead of it. At that time, the company's total market capitalization was over $500 billion. This valuation was worth more than the GPD of most nations on Planet Earth. After it peaked in 2000, the stock went into a three-year plunge that wiped out as much as 90 percent of shareholder value.