3,000-YEAR-OLD BIBLE MYSTERY ANTICIPATES STOCK COLLAPSE?
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NEW YORK – Is it possible that a 3,000 year-old text warns of a major crash of the U.S. stock market next month?
Rabbi Jonathan Cahn, author of the New York Times bestselling book “The Harbinger,” has written a sequel, “The Mystery of the Shemitah,” in which he documents a historical cycle he believes portends a painful stock-market collapse that would mark the beginning of a major economic decline.
The Shemitah, or sabbath year, is the seventh year of the seven-year agricultural cycle mandated by the Torah for the land of Israel.
Cahn’s warning comes as savvy investors such as Warren Buffett dump stocks of companies such as Johnson & Johnson, Procter & Gamble and Kraft Foods, complaining of “disappointing performance.” Meanwhile, fellow billionaire John Paulson, who made his fortune betting on the subprime market meltdown, is dumping stocks from his hedge fund, Paulson & Co. He has shedded 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 adds to the list of billionaire investors preparing for a market crash, including Sam Zell, chairman of Equity Group Investments; George Soros; and Carl Ichan.
Cahn writes of market collapses as the “ancient mystery moves cross the globe,” from the New York Stock Exchange to major exchanges worldwide, “in one vast colossal Shemitah, nullifying, canceling, wiping clean and transforming the financial realms of nations.”
“Shemitah” also just reached the New York Times Best Seller list, placing it at 6th, just about a week after release.
If you haven’t read “The Harbinger” or seen “The Isaiah 9:10 Judgment” yet, now is the time to catch up on the groundbreaking spiritual detective work of Jonathan Cahn.
It would wipe out a stock-market boom fueled by debt as a consequence of the Federal Reserve’s policy of Quantitative Easing, in which it has bought trillions of dollars of U.S. Treasury debt since the end of the George W. Bush administration.
WND has repeatedly reported that a major stock-market downward correction becomes more likely if interest rates rise as the Federal Reserve “tapers” QE borrowing with a plan to end all Fed purchases of Treasury debt by the end of the year.
“The majority of the greatest point crashes in [stock-market] history just happen to take place in a very small period of time that comes around once in seven years, which also just happens to be on the same biblical calendar for manifesting the massive financial repercussions of the seventh year,” Cahn warns.
Cahn advances his investigation by correlating a series of stock-market charts dating back to the stock-market collapse in 1973 under President Jimmy Carter with the biblical seven-year cycle, arguing it is more than coincidence.
The greatest financial turning points, peaks and long-term collapses of the past 40 years have taken place within the biblical Year of the Shemitah or its autumn wake.
When there has been both a financial collapse and an economic recession, the period connecting their starting points has fallen within the biblical Shemitah 100 percent of the time.
Thus, from the 40-year period beginning in 1973, every single one of the five greatest financial and economic peaks and collapses have taken place according to the set time of the Shemitah.
Cahn begins to decipher the 3,000-year-old mystery by applying the biblical admonition to keep the Sabbath a holy day reserved to prayer and worshiping God not only on the seventh day of the week – traditionally observed on Saturday in the Jewish calendar, beginning at sundown Friday – but also the seventh year in a cycle.
“During the Sabbath year, the people of Israel were to leave their fields, vineyards and groves for the poor,” Cahn notes.
“For the duration of the year the land belonged, in effect, to everyone. And whatever grew of its own accord was called hefker, meaning ‘without an owner.’ So during the Sabbath year the land, in effect, belonged to everyone and to no one at the same time.”
Cahn elucidates a biblical admonition that the last day of the Sabbath year a sweeping transformation took place in ancient Israel in which everyone who owned a debt was released and the nation’s financial accounts were wiped clean in what amounted to “Israel’s day of nullification and remission.”
He pointed out the original Hebrew command ordains that every creditor should “make a Shemitah,” which translates as a command to “grant a release.”
“The word Shemitah is most often translated as ‘the release’ or ‘the remission,’” he writes.
“The idea of a nation ceasing all work on its land for an entire year is a radical proposition. No less radical is the idea of a day in which all credit and debt are wiped away. The ramifications of these two requirements are so great that concerns arose in later generations as to the Shemitah’s financial and economic consequences. These concerns were intensified when the Jewish people returned to the land of Israel in modern times.”
Cahn concludes the Shemitah, according to biblical admonitions, “declares that God is first and above all realms of life, and must therefore be put first and above every realm. During the Shemitah, Israel was, in effect, compelled to turn away from these earthly or worldly realms and return to their spiritual.”
When God is removed from the equation, as is increasingly happening in modern, secular America, then a removal of God’s blessings inevitably follows.
“The Shemitah thus deals with a particular flaw of human nature – the tendency to divorce the blessings of life from the Giver of those blessings, to divorce the physical realm from the spiritual,” he continues.
“It then seeks to compensate for the loss of the spiritual by increasing its claims over the physical world, pursuing more and more things, increase, gain – materialism. The increase of things, in turn, further crowds out the presence of God. The Shemitah is the antidote to all these things – the clearing away of material attachments to allow the work and presence of God to come in.”
Cahn sees major stock-market downturns as fulfilling God’s law by nullifying financial accounts.
Cahn calculates the next Shemitah begins this month, Sept. 24, and ends at sunset on Sept. 25, 2015. He believes a major stock-market downturn could begin early as next month.
But he cautions on taking the dates too literally.
“Nothing significant has to happen within the Shemitah of 2014-2015,” he writes.
“The phenomenon may manifest in one cycle and not in another, and then again in the next. And the focus of the message is not date-setting but the call of God to repent and return. At the same time, something of significance could take place, and it is wise to note the times.”
Cahn’s message is that the judgment of God is inevitable for any nation like America that forgets its blessings come from God.
“The warning here is this,” he concludes. “If America continues on its present course, its place as the head of nations will fall and the American age and global order will be allowed to collapse.”
Read more at http://mobile.wnd.com/2014/09/3000-year-old-bible-mystery-anticipates-stock-collapse/#JV1L1OQMfUgQbHZy.99
The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months
The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny. On September 30th, 2013 the U.S. national debt was sitting at $16,738,183,526,697.32. As I write this, the U.S. national debt is sitting at $17,742,108,970,073.37. That means that the U.S. national debt has actually grown by more than a trillion dollars in less than 12 months. We continue to wildly run up debt as if there is no tomorrow, and by doing so we are destroying the future of this nation.
The chart that I have posted below shows the exponential growth of the U.S. national debt over the past several decades. Anyone that would characterize this as “under control” is lying to you…
This is the greatest government debt bubble in the history of the world, but very few people seem to have any desire to do anything about this anymore. We are literally gorging on debt, and most Americans seem to think that it is just fine and dandy.
Perhaps that it is because we have never really experienced any serious consequences for going into so much debt yet.
But when it comes to running up debt, a day of reckoning always comes eventually.
Just ask Greece.
And the absolutely insane spending policies of this administration and this Congress are hastening the day when our day of reckoning will arrive.
Consider the following facts…
-The U.S. national debt has increased by more than 7 trillion dollars since Barack Obama has been in the White House. By the time Obama’s second term is over, we will have accumulated about as much new debt under his leadership than we did under all of the other U.S. presidents in all of U.S. history combined.
-The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first established in 1913.
-If the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator 45 times.
-Right now, the United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.
-In August, the average rate of interest on the government’s marketable debt was 2.028 percent. In January 2000, the average rate of interest on the government’s marketable debt was 6.620 percent. If we got back to that level today, we would be paying well over a trillion dollars a year just in interest on the national debt.
-At this point the U.S. government has accumulated more than 200 trillion dollars of unfunded liabilities that will need to be paid in future years. In other words, we have made more than 200 trillion dollars worth of promises that we do not have money for yet.
Thomas Jefferson once said that “the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
What we are doing to future generations is absolutely unconscionable. We are stealing trillions upon trillions of dollars from our children and our grandchildren, and we are willingly consigning them to a lifetime of debt slavery.
I have said this before, but it bears repeating. If future generations get the chance, they will look back and curse us for what we have done to them.
And shame on anyone that would dare to suggest that we should continue to run up more debt that future generations will be expected to repay.
But government debt is far from the only massive debt bubble that we are dealing with as a country.
40 years ago, the total amount of debt in our nation (all government debt plus all business debt plus all individual debt) was sitting at a grand total of about 2.3 trillion dollars.
Today, that total has grown to 59.4 trillion dollars.
As the chart posted below shows, our total debt bubble is now more than 25 times larger than it was just 40 years ago…
If you were to take all forms of debt in our country and divide it up equally to each person, the average family of four would owe approximately $735,000.
This is not anywhere close to being sustainable, but most Americans don’t seem to care. They just continue to recklessly run up even more debt.
However, there are signs that we are starting to hit a wall with all of this debt.
For example, an astounding 35 percent of all Americans have debts that are so overdue that they have been referred to collection agencies.
Our nation has become an ocean of red ink from sea to shining sea, and the only way to keep the bubble from bursting is for the total amount of debt to continue to grow much faster than the overall economy is growing.
Obviously this cannot happen indefinitely, and when this house of cards comes crashing down it is going to be absolutely horrific. For much more on all of this please see my previous article entitled “The United States Of Debt: Total Debt In America Hits A New Record High Of Nearly 60 Trillion Dollars”.
The big question is how long our “bubble economy” can keep going before it finally collapses.
It has gotten to the point where even some of the biggest banks in the world are admitting that what we have been doing is completely and totally unsustainable. Just consider the following excerpt from a recent article by Joshua Krause…
Recently, strategists for Deutsche Bank released a startling study in regards to government debt. They decided to investigate whether or not the bond market is currently in a bubble. What they found was, unlike previous eras, the past 20 years has seen no lag between economic booms and busts:
It has long been our view that over the last couple of decades the global economy has rolled from bubble to bubble with excesses never fully being allowed to unravel. Instead aggressive policy responses have encouraged them to roll into new bubbles.
This has arguably kept the modern financial system as we know it a going concern. Clearly there have always been bubbles formed through history but has there been a period like the last 20 years where the bursting of one bubble has consistently led directly to the formation of the next?
Essentially, our current system has been dying a very slow death. It’s running out of steam.
Sadly, most Americans have no idea that we are living in a giant debt-fueled bubble that has a limited lifespan.
Most Americans just assume that since the politicians tell them that everything is going to be okay that they don’t need to be concerned about any of this.
But every single day our debts get even larger and our long-term financial problems get even worse.
Someday this bubble is going to burst and then all hell will break loose.
It is just a matter of time!