The Shemitah’s Impact on the ASX 200 – Australia
The Shemitah’s Impact on the Sensex – India
The Shemitah’s Impact on the TSX – Canada
The Collapse of China
We might expect that the impact of the Shemitah would manifest most powerfully in America. And for many of the past Shemitahs, this has been the case. And for much of modern history America has been the engine of the world economy. But this is no longer the case.
In the year after the previous Shemitah, in 2009, China became the largest exporter nation. In the year before the start of the most recent Shemitah, in 2013, China became the largest Trading Nation, supplanting the United States. At the opening of the most recent Shemitah, the news came out that the United States was no longer the strongest economic power on earth. That title too had passed to China.
As the world approached the Shemitah of 2015, China was the new engine of the world economy. If the Shemitah struck China, it would strike the world. And that’s exactly what happened.
In the summer of 2015, China’s stock market, the Shanghai Exchange, began to collapse. By the end of the summer, and of the Shemitah, China’s financial realm had been decimated. The Shemitah had wiped away a colossal 43%.
The Shemitah’s Impact on the Shanghai Composite—China
Such a percentage alone would mark the collapse of 2015 as one of the greatest in history. And it had all taken place in a mere 2.5 months. That’s a rate of 18% of the market wiped out each month, a rate greater than that of the Great Depression. It was thus one of the most intense, if not the most intense, stock market collapse of modern times.
With the striking of China, the Shemitah of 2015 had struck the financial and economic realms of virtually every nation.
‘The Worst Year Since 2008’
According to the ancient mystery, we might have expected 2015 to be a bad year for the world’s financial realms. It was all that and more. It was the worst year in years. As 2015 reached its end, the internet was flooded with articles providing the final results concerning the year that had just past:
- ‘Dow, S&P 500 In Red For 2015, Worst Year Since 2008‘ (Daily Mail)
- ‘. . . Tumultuous 2015 . . .’ (Wall Street Journal)
- Worst Year For S&P, Dow Since 2008 (CNBC)
The word “Shemitah” in Hebrew, can be translated as “the shaking.” So the Shemitah of 2015, as in past Shemitahs, was a year of massive shaking in the financial and economic realms—from the Greek Crisis, to the Collapse of China, to Black Monday. For the first time in years, stock market closed in the red, having entered negative territory. The headlines proclaimed it the worst year since 2008. Again, it had all happened according to a seven-year cycle as in the mystery of the Shemitah. And it wasn’t just any 7-year cycle. It was the specific, ancient, and precise seven-year cycle of the biblical Shemitah. 2015 was the worst year of financial collapse since 2008. Both worst years, both years of collapse, 2015 and 2008, constituted the biblical Shemitah.
2016 – The Shadow of the Sword
As 2015 turned to 2016, the repercussions of the Shemitah did not end but continued. The S&P 500 large-company stocks had collapse from their peak in 2015 by 22.6%. The S&P 1500, a broad based index of large, mid, and small company stocks had fallen from their 2015 peak by 26.9%
And as 2016 opened up, it would witness a series of massive collapse in the stock markets of China and the world—a continuation of the Shemitah’s destabilization of China and its summer collapses. It would constitute the worst opening week in stock market history.
What was happening at the opening of 2016 was clearly the continuing impact and repercussion of the Shemitah. It had brought years of an ascending stock market to an end. It had destabilized the engine of the world economy. It had produced some of the greatest stock market crashes in history. It was still shaking the world’s financial and economic realms. How long the shadow of its sword would extend in the future was now the question.
But one thing was clear, in the year 2015, the dynamic and mystery of the Shemitah had again manifested, powerfully, dramatically and profoundly, and according to the ancient template and pattern.
This article is Part 1 of The Sword of the Shemitah—More will follow
Jonathan Cahn caused a national stir with the release of his book The Harbinger and The Mystery of the Shemitah, available everywhere. He is president of Hope of the World Ministries. To get in touch, receive prophetic updates, teachings and free gifts, go to HopeOfTheWorld.org or Jonathan Cahn Facebook.
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