There is worldwide economic confusion just ahead. In my vision, this is the clearest thing I have seen. Many praying people now share this very same vision. Not only is the American dollar headed for deep trouble, but so are all other world currencies. I see total economic confusion striking Europe first and then affecting Japan, the United States, Canada, and all other nations shortly thereafter. It is not really a depression I see coming—but a recession of such magnitude that it will affect the lifestyle of nearly every wage earner in America and around the world. Countries that now control huge amounts of Western currency are going to be in very deep trouble also. Arab countries will especially be hurt. Without a doubt, there are lean years ahead full of monetary confusion and despair. How soon is not clear, but it is not far away. The world’s greatest economists will be at a loss to explain the confusion, and an international crisis of fear will develop. A false economic boom will precede the recession—but it will be shortlived.

A FEW GOOD YEARS TO PREPARE — 2 In spite of all the danger signs around us of impending economic disaster, the next few years (from 1973) will be among the most prosperous in the history of mankind. They will be fat and flourishing years. In spite of tight money policies, people will continue to spend freely. Sales will continue to break records and people will spend more than ever in modern history. Credit debt will become nearly uncontrollable. I see, very clearly, just a few years of tremendous affluence and continuing economic prosperity. Church budgets will increase, wages will increase—missionary giving will also increase. Inflation, costs, and wages will spiral higher and higher. There will be a few minor adjustments in prices, but world economy will become white-hot. When I received this vision in April of 1973, I also received clear instructions from the Holy Spirit to believe God for sufficient finances to clear all debts of our organization other than necessary mortgages. The message I received from God was very clear and to the point. It was simply this: There is great economic confusion coming and lean years lay just ahead. There will be a few short, fat, and flourishing years to prepare for the lean years. Work and pray to clear off all debts and get ready for drastic cuts in budget. The money will not be flowing as it was in the past, and if you are free of debt, you’ll be able to maintain your programs even in the difficult years. Don’t panic—and don’t be afraid—just prepare for it and expect it!

BANKRUPTCIES OF MAJOR CORPORATIONS — 3 I believe we are going to witness the bankruptcies of some of this nation’s major and most popular corporations. I see tremendous difficulty arising for credit corporations. There are going to be any people unable to pay off their heavy obligations to major credit card companies, causing near-chaos. Thousands of small businesses will also be forced into bankruptcies. Three, and possibly four, of the major religious denominations will be forced to operate with a skeleton organization due to a lack of funds. More than a few churches are going to have to pull back. All but a few of the radio and television ministries will have to be abandoned. Tight money will trigger a wave of uncertainty and fear. Those who have money will hold it in reserve. The United States government is going to “overreact” to the confused economical developments. I see a flurry of near-panic decision being made by various government agencies—but these hasty efforts to shore up the economy will backfire.
The President of the United States will make one, and possibly two, national radio and TV appearances to reassure the nation that all is well and that the best of economic times is just ahead. It will not work. People will distrust these statements, and their fears will lead to a revolution at the polls. The auto industry is going to be hurt badly. Makers of recreational vehicles are going to get hit very hard. Appliance inventories will pile up, and sales will fall off drastically. Almost every economic indicator will be gloomy. It will be spotty at first—but will eventually affect nearly all industry.