Prophecy News Watch recently posted the article below and with their permission, I felt it pertinent to advise you of so many of the economic headlines we see happening today and wanted to share it with you.
“The current Hebrew year, 5782 (Gregorian calendar year 2021/2022), began on Rosh Hashanna one month ago, beginning a new shemitah (sabbatical) year. Most people believe that the shemitah has implications only for farmers based in Israel however in Biblical times, all debts, except those of foreigners, were to be remitted.
One Israeli economist has chronicled a correlation between the seven-year shemitah cycle and major economic events. If his theory is correct, the world is about to enter a major crisis.
SHEMITAH AND ECONOMIC CRISIS
Rafi Farber, an Israeli economist and financial journalist who blogs and videos under the pen The End Game Investor, combines Torah knowledge with financial wisdom. This dual-discipline revealed a remarkable correlation.
“Every seven years on the Shemita there is a debt reset for the entire world,” Farber explained. “This begins on Rosh Hashanna which is the New Year for the world that is marked by Jews because we are a kingdom of priests that represent the world to God. The Jewish New Year is actually Passover.”
As a student of economics, Farber noted highlights in history that were economic landmarks.
“The most famous recent landmark was 2008, 14 years ago or two shemitah cycles. This was, of course, the global financial crisis. It started with the subprime mortgage crisis and ended with the banking crisis.”
He then looked back to the previous shemitah.
“Before that was in 2001, three shemitah cycles ago,” Farber said. “This was the NASDAQ bubble bursting. This led to a recession in almost all the developed countries.”
Often referred to as the dot com bubble, the crisis was preceded by a five-year period in which the Nasdaq Composite stock market index rose 400%. In 2002, it fell 78%, giving up all its gains.
Farber then noted the previous shemitah in 1994.
“That was a minor economic crisis. Interest rates rose to the highest level since all of the bond bear markets since 1980,“ Farber said. “The previous shemitah was 1987, which was the stock market crash known as Black Monday, the biggest single percentage market crash ever.”
Black Monday affected markets around the globe. All of the twenty-three major world markets experienced a sharp decline in October 1987. Eight markets declined by 20-29%, three by 30-39%, and three by more than 40%. Worldwide losses were estimated at US $1.71 trillion and the severity of the crash sparked fears of extended economic instability.
Farber then jumped back seven years to the shemitah of 1980.
“In 1980, Paul Volcker, the chairman of the Federal Reserve, was explicitly worried that the dollar would collapse. In fact, it was on the verge of doing that. It was the period that marked the highest level of inflation in modern history. Confidence in the dollar was being lost. They had to raise interest rates from about 11% to 20%.”
This move helped lead to the 1980-1982 recession, in which the national unemployment rate rose to over 10%.
Farber went back seven shemitah cycles from our current year.
“1973 doesn’t sound like a big year in economic history but it was,” he noted. “Most historians point to 1971 as the end of the gold standard. To an extent that is true since that was when it ended temporarily. Nixon tried to get the US back on the gold standard in 1971 but failed. His last attempt was in 1973 and that was when the last remnants of the gold standard were abandoned and that was when the dollar went entirely off the gold standard.”
“That was a huge paradigm shift as silver was always considered the archetypal money, all the way back to Biblical times. In Jewish law, silver is considered money whereas gold is a commodity. In 1873, that ended.”
“This year (2021/2022) may be a Jubilee year and we are primed for a global collapse. It’s not going to be pretty. I just hope we can all get through it. We also need a lot of faith in God.”
Originally published at Israel365 News – reposted with permission.
Is it pure coincidence that every seven years going back to the 1800’s we have seen economic crisis which correspond not only to every seven years BUT the exact seven years that coincides with the Jewish Shemitah? Please note! This is not putting the blame on Jews for any problems we are about to experience. These are His commands in the Holy Bible for which we have become informed about because the Jews were chosen by God to instruct the Gentile world regarding His Word. The disciples were Jews. The majority of the prophets were Jews. Jesus was born as a Jew. As God’s chosen people they were told to inform us of what God has told us.
“Surely the Lord God will do nothing, but he revealeth his secret unto his servants the prophets.”
We may not always know what His prophecies are saying or when they will occur but He wants us to know what is coming. Nearly one third of the Holy Bible is prophetic and yet the vast majority of churches today do not even teach His Words of Prophecy. To those of us who are living today and are familiar with all the predicted signs, we know we are in the Last Days and the Rapture could now occur at any moment. He does not tell us these things to scare us but to make us aware of what we can expect in this world AND to look forward to spending eternity with Him in Heaven. I don’t know about you but the more I learn about prophetic events and see them happening right before my very eyes, I am comforted in recognizing if what He has told us is true (IT IS!), then EVERYTHING will eventually happen exactly as He has told us. That is so comforting to know God is in control and if we only ask Him into our lives, acknowledge we are born sinners and need Him to forgive our sins, we will be saved. If you haven’t done that yet, do it now. It is not too late!
Please tell others, as He asked us to do when he told us to “…therefore comfort one another with these words”, of His Promise to all who accept Christ as their Savior and let them know if they subscribe to my blog www.comfortoneanother.com, I will continue to publish articles like this to make them aware of the many prophetic events we will see in the days, weeks and maybe years ahead. Don’t wait. We don’t have much longer before God’s Promise to all will happen! Heaven or hell, it is our choice to make!
May God Bless you as we await His soon Return!
Thanks Mike for sharing. “The times, they are a’changin’.” And it’s going to do nothing but get worse.
That’s really interesting. It would come as no surprise based on the fact we are living in a fear induced covid 19 environment. The stupidity of this is that its fear that’s driving the confusion and turmoil. And we know who the instigator of fear and confusion is. As Christian’s its time we stand against it and by the power of the Holy Spirit drive the garbage back into the hole it came out of !!!
Thank you for making us aware.