Is God Slaying The Bull (Market)? Shemitah Author Says Day Of Reckoning All But Certain Due To Debt, Disobedience

And could that same ancient text provide the key reason behind a more serious collapse of the stock market looming in September 2015?

Messianic Rabbi Jonathan Cahn, the author of the New York Times bestselling book “The Harbinger” has written a sequel, “The Mystery of the Shemitah,” in which he decodes an ancient biblical mystery of a seven-year cycle he believes determines stock market peaks as well as turning points and crashes. In the book he forewarns of painful rollbacks in stock values that mark the beginning of major economic declines once every seven years as measured on the Hebrew calendar.

Cahn’s warning comes as savvy investors like Warren Buffett dump stocks of blue-chip companies such as Johnson & Johnson, Procter & Gamble and Kraft Foods, complaining of “disappointing performance,” while fellow billionaire John Paulson, who made his fortune betting on the sub-prime market meltdown, is dumping stocks out of his hedge fund, Paulson & Co. He shed 14 million shares of JPMorgan Chase and dumped his entire stock investment in discount retailer Family Dollar and consumer-goods maker Sara Lee.

The widely read financial blog ZeroHedge.com added to the list of billionaire investors preparing for a market downturn – a list that already includes the names of Sam Zell, chairman of Equity Group Investments, George Soros and Carl Ichan.

Cahn writes of market collapses as the “ancient mystery moving across the globe,” from the New York Stock Exchange to major stock exchanges worldwide, “in one vast colossal Shemitah, nullifying, canceling, wiping clean, and transforming the financial realms of nations.”

The Shemitah was also known as the year of “release” in biblical times, when Israel was required to let its farm land lie fallow and forgive the debts owed to creditors. It is described in Leviticus 25 and Deuteronomy 15, among other Old Testament scriptures.

A major stock market collapse in September 2015, prefigured by the current stock market decline, is compatible with the cycle Cahn predicts, as God imposes a Shemitah on a stock market boom fueled by debt as a consequence of the Federal Reserve’s policy of “Quantitative Easing,” which is the name it gives for printing trillions of dollars through the purchase of U.S. Treasury debt.

The more debt that an economy has to work out, the more severe the downturn, a financial expert warned in a recent report by WND.

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