A major global financial crisis takes place every now and then. But what determines the timing of their appearance? Is it just a matter of coincidence? Or does it involve a mystical reason? An ancient biblical custom may answer this question.
In his most recent book, Jonathan Cahn has pointed out that almost all of the major financial crashes in U.S. history were very closely tied to a ‘seven year’ pattern known in the Bible as “the Shemitah”.
A written in the Bible, the people of Israel were commanded to let the land lie fallow every seven years. There would be no sowing and no reaping, something that people at the time took very seriously. In fact, the failure to observe these Shemitah years was one of the main reasons cited in the scriptures for why the Jewish people were exiled to Babylon in 586 BC.
But there was more to the Shemitah year than just letting the land lie fallow. On the last day of the Shemitah year, the people of Israel were instructed to perform a releasing of debts. This happened at the end of every seven years on Elul 29 – the day right before Rosh Hashanah on the Biblical calendar.
So what does this have to do with us today?
Well, if you go back to the last day of the Shemitah year in 2001, you will find that there was an absolutely horrifying stock market crash.
At the end of the next Shemitah year in 2008, another horrifying stock market crash took place.
And now we are in another Shemitah year. It began last fall, and it will end next September. So is it possible that we will see another historic market crash?
We are going to find soon. The last day of the year, Elul 29 on the Hebrew calendar, which will occur on Sept. 13, 2015, is the most dreaded day, if something would to happen that will be the time.
This mysterious explanation is gaining momentum and making people fear from the near future to come. It is most widely discussed at India, where people are preparing for the worst.
We here at SignalsBinary have our doubts about this mystical argument. At the same time, if this theory will gain further momentum it could affect the Markets. Remember, every movement in the stock market is determined by people and people are moved by their feelings. In this case things can play out as a self-fulfilling prophecy.
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