Google the word prophecy and you will see nearly 50 million entries. Many of those entries are about prophecy connected to the end times and based on world news headlines. Unfortunately, those who base their prophecies of end times on current world events know nothing or very little at best of the end times parameters built into Old Testament prophecy that the Book of Revelation is also based upon.
For this blog article, I would like to share what the Bible says about prophecy from 1Corintians 14:1-3 quoted from the Word of YHVH Bible available at http://www.freebiblepdf.com/about.
PROPHECY IS A SUPERIOR GIFT , BEING THE TESTIMONY OF JESUS CHRIST
1—Follow after (agape) love, and desire spirit [gifts], but rather that you may prophesy. 2—For he that speaks in an [unknown] tongue speaks not to men, but to YHVH: for no man understands [him]; however in the spirit he speaks mysteries. 3—But he that prophesies speaks to men [for] edification, and exhortation, and comfort.
Note for 1Corinthians 14:2—the Greek word, oikodoma, translated to edification relates to the building of the house or family of YHVH; in this use it is through Jesus whose testimony is the spirit of prophecy. (Revelation 18:10) The word prophecy is not intended to mean new prophecies or foretelling, but to speak that which has already been foretold by prophets of old about the first and second coming of Jesus Christ. Prophecy under the New Testament covenant is affirmation of OT prophecy. Even the Book of Revelation is affirmation of OT prophecy because everything in that book is connected to those prophecies, which is for the most part delivered through the messages contained in its imagery.
The Greek word, paraklēsis, translated to exhortation means to invite, implore, or pray. Paraklesis comes from the Latin paracletus for Holy Spirit. Paraklesis means to invoke or invite to come to the side of the Spirit of YHVH. Again, coming into the presence of the Spirit of YHVH is always through Jesus. Exhortation in this context is to invite others to believe in the truth of Jesus and for members of the Body to remember to whom they belong.
The Greek word, paramuthia, meaning to comfort or come near. Used with oikodoma and paraclesis, paramuthia means to invite others into the presence of YHVH through Jesus Christ and remind the Body of Christ of the presence of the Spirit of YHVH as their promised Comforter. In short, verse 3 is another way of saying preach the gospel to the whole world and remind the Body of whom they belong.
I hope this has been helpful to the reader in understanding the purpose for and context of the words of Paul that have so often been misused with human understanding.