- 1966: Stock market collapse, Dow down 22%, Fed tightens, Vietnam War, protests
- 1973: Oil embargo (Oct) Yom Kippur War, Stocks down 45%, recession
- 1980: Inflation, Iran-Iraq war, Silver panic, 21% interest rates, Stocks crash, recession
- 1987: Black Monday (Oct.) Largest single day crash ever
- 1994: Bond collapse, DJIA bear market, Wars
- 2001: Stock market crash, 9/11 (Sept.) Stocks lost 821 pnts (7.7%) in 3 days, recession
- 2008/9: Stock market crash 9/29 (Sept.) Stocks lost 777 pnts (7%) Tarp Bailout, recession
- 2015/16: ???
As a former stockbroker with Morgan Stanley I started my career just weeks after the Black Monday of October 1987. The Seven Year Cycles in stocks caught my interest. My career suffered a few of those cycles.
Jonathan Cahn a Messianic Rabbi has made the Shemitah Year a household word with his book the “Mystery of the Shemitah.” This Shemitah (Shmita) commandment was given to Israel in Leviticus 25 and was to govern their agriculture and their economics.
The Sabbath Year
In Leviticus chapter 25 v 1 Then the Lord spoke to Moses on Mount Sinai, saying: 2 Speak to the children of Israel, and say to them: When you come into the land that I give you, the land shall keep a sabbath to the Lord. 3 For six years you shall sow your field, and six years you shall prune your vineyard and gather in its fruit, 4 but in the seventh year there shall be a sabbath of complete rest for the land, a sabbath for the Lord. You shall neither sow your field nor prune your vineyard. 5 That which grows by itself from your harvest you shall not reap, nor gather the grapes of your unpruned vines, for it is a year of complete rest for the land. (Lev.25:1-7).
The Year for Canceling Debts
Deuteronomy 15 v 1 – At the end of every seven years you must cancel debts. 2 This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the Lord’s time for canceling debts has been proclaimed. 3 You may require payment from a foreigner, but you must cancel any debt your fellow Israelite owes you.
God took this land rest so seriously that He only allowed Israel to violate the command for 490 years then He came to collect on the 70 years of rest they owed the land. They were taken into captivity for 70 years to give the land an opportunity to rest.
Jeremiah 25 v 11 This whole land shall be a desolation and an astonishment, and these nations will serve the king of Babylon seventy years. …13 I will bring upon that land all My words which I have pronounced against it, even all that is written in this book, which Jeremiah has prophesied against all the nations.
2 Chronicles 36 v 19 – 22 So they burned down the house of God, tore down the wall of Jerusalem, burned down all the palaces with fire, and destroyed all the precious items. 20 Then he carried into exile to Babylon the remnant, who survived the sword, and they were slaves to him and his sons until the kingdom of Persia ruled, 21 to fulfill the word of the Lord by the mouth of Jeremiah, until the land had enjoyed her Sabbaths. As long as she lay desolate, she kept Sabbath, to fulfill seventy years.
So the question remains …. Does this apply to America? The land rest command was only given to Israel which was a Theocracy bound to YHVH in covenant with their borders defined in scripture. God calls that particular piece of property “His land.”
The USA is a Gentile nation (melting pot of the world) which cannot assume those promises/curses as some kind of New Israel. That is just another version of Replacement Theology. The USA is not Israel and given her moral behavior and national character….she is no longer even a “Christian nation.”
However…..Ps 24 v 1 says “The earth is the Lord’s, and everything in it, the world, and all who live in it.“ He is coming back to rule it with a Universal Law. Those Shmita Laws were given by the “God that does not change.” Would those Land Rest Laws (Shmita) not be implemented over all the earth? He is coming to reign for 1000 years, and of His government there will be no end?
Are we in America suffering the unintended economic consequences of ignoring those economic principles? Regardless…the principle of reaping what we have sown will be judgement enough to bring about our ruin.