Deuteronomy 15:1-2 At the end of every seven years you shall grant a remission of debts. This is the manner of remission: every creditor shall release what he has loaned to his neighbor; he shall not exact it of his neighbor and his brother, because the LORD’S remission has been proclaimed.
Full disclosure: This post was written one week before recent stock market sell off for week ending 8/21/15.
“remission of debts…” In the original Hebrew text “of debts” is not present. “of debts” was added by the translators. Shemitah is the Hebrew word for remission. Shemitah as defined by Strong’s Concordance means: cancellation of debts, letting drop of exactions, (temporary) remitting, release (from debt).
Shemitah comes from the root word shamat.
We are approaching the end of a civil year per God’s calendar. This past year has been unique. It has been a Shemitah or Sabbatical year. It is the seventh year of a set of seven years. God sets a seventh year aside for the land to rest. He also has economic provisions for the remission, cancellation, and release of debt.
http://paulthepoke.com/2014/10/26/sabbatical-yearshemitah-part-3/
The Hebrew civic new year started on Rosh Hashanah, Tishri 1, in the fall of 2014, specifically, at sundown on Wednesday, September 24, 2014 on our Gregorian calendar.
http://paulthepoke.com/2014/08/20/trend-update-sabbaticalshemitah-year-august-2014/
http://paulthepoke.com/2014/10/01/trend-update-sabbaticalshemitah-yearrecord-harvest-october-2014/
Elul, the last month of the Hebrew civic year, has begun as of the weekend of August 15, 2015 (Gregorian calendar).
The last day of the Hebrew civic year ends sunset Sunday, September 13, 2015. Elul 29 marks the end of the month and civic year for Israel. This will conclude a Shemitah year.
Incidentally, the end of the year is marked with a partial solar eclipse. Genesis 1:14 Then God said, “Let there be lights in the expanse of the heavens to separate the day from the night, and let them be for signs and for seasons and for days and years… The Hebrew word for “sign” is owth. Per Strong’s Concordance owth means: a distinguishing mark, banner, remembrance, miraculous sign, omen, or warning.
Jewish rabbis teach when the sun is in eclipse on God’s appointed holidays, it is a bad omen for the world (no Biblical support for this teaching).
…because the LORD’S remission has been proclaimed.
So does God still take this seriously? Does recent history validate this seven year pattern of debt forgiveness and economic release? Let’s subtract by seven years at a time.
The greatest crash in stock market history took place on September 29, 2008. This event took place on the last day of a Shemitah year, Elul 29 on a Hebrew calendar.
The terrorist attacks on September 11, 2001 took place during a Shemitah year. On September 17, 2001, the Dow Jones Index lost 684 points. This date was the last day of the Hebrew civic year, Elul 29, a Shemitah year.
The bond market crash of 1994 took place during a Shemitah year.
The Black Monday stock market crash of 1987 took place immediately after the Shemitah year of rest.
The Mystery of the Shemitah, Jonathan Cahn.
Let me be clear. I am not saying something is going to happen from sunset September 13 through sunset September 14, 2015. God is not obligated to do anything. God is in control and has His time table. The pattern of recent history has become more precise and focal to Elul 29 on a Shemitah year.
The point of the Shemitah is to turn and trust in God. He will provide.
Make what you want of recent economic history in Shemitah years. Make your own informed decision. Maybe it is coincidence or chance…but it does follow God’s law and economic pattern.
The world is swimming in trillions (1,000,000,000,000) of dollars of debt. Some estimates are upwards of $223,000,000,000,000.
http://blogs.wsj.com/economics/2013/05/11/number-of-the-week-total-world-debt-load-at-313-of-gdp/
Lookout below IF God has His release of debt. The timing is right for mid-September, 2015.
…because the LORD’S remission has been proclaimed.
