Monthly Archives: June 2013

The financial mystery of SHMITA and the forgiveness of debt

If you have read Jonathan Cahn’s Book, you’ll come across the segments about “The Mystery Of The Shemitah”. He points out how the two largest stock market crashes in 2001 and 2008 occurred exactly on the same day as Elul 29, which marked the end of “Sabbatical Years” – which, by the way, occur every seven Jewish years.  Given the astounding accuracy of these dates, this really deserves some attention.
Indeed, let’s take a look at some facts:  The nearly 700 point drop in the DJIA (just over 7%) on 9/17/2001 and 777.7 point drop in the DJIA on 9/29/2008 (just below 7%) were two of the three largest Dow point drops in U.S. history.

These drops occurred on the last day of the Sabbatical Years that occurred between 2000 and 2001 and between 2007 and 2008.  This last day of the Sabbatical Year is when debts are to be forgiven per Jewish tradition:

The sabbath year, in Hebrew shmita (Hebrew: שמיטה‎, literally “release”), also called the Sabbatical Year, is the seventh year of the seven-year agricultural cycle mandated by the Torah for the Land of Israel, and still observed in contemporary Judaism.
During Shmita, the land is left to lie fallow and all agricultural activity (including plowing, planting, pruning and harvesting) is forbidden by Torah law. Other cultivation techniques (such as watering, fertilizing, weeding, spraying, trimming and mowing) may be performed as a preventative measure only, not to improve the growth of trees or plants. Additionally, any fruits which grow of their own accord are deemed hefker (ownerless) and may be picked by anyone. A variety of laws also apply to the sale, consumption and disposal of Shmita produce. A second aspect of Shmita concerns debts and loans. When the Shmita year ends, personal debts which are due during that year are considered nullified and forgiven. The Book of Leviticus promises bountiful harvests to those who observe the shmita and makes observance a test of religious faith.

Thus, in the last 15 years, there’s only been two days when the Sabbatical Year ended, i.e., 9/17/2001 and 9/29/2008, and on these days two of the three largest point declines in the DJIA in U.S. history occurred.  What are the odds of that?
And what does this “mean”?
The Sabbatical Year ends on Elul 29, the last day on the Hebrew calendar before the Rosh Hashanah and the Jewish new year.  Over the last three decades, Sabbatical Years ended on the following days:
September 23rd, 1987 = Elul 29, 5747 September 5th, 1994 = Elul 29, 5754 September 17, 2001 = Elul 29, 5761 September 29, 2008 = Elul 29, 5769
All years were marked by major reversals in the stock market with acute declines in the autumn period:  1987,  1994, 2001,  2008.

The next date occurs on 15 September 2015.  What could possibly happen? Stay tuned.