So the Shemitah year is every seventh year in the Hebrew calendar which ends on Elul 29, which takes place in the Gregorian calendar of September/October depending on the year, so there is an overlap of our years. The shemitah year is the Sabbath or sabatical year or year of rest. They would stop farming to give the land rest. It's also a year of judgement and blessing, debts forgiven. After seven shemitah cycles it's 49 years, and the next year, the 50th, is the year of Jubilee According to the Hebrew calendar, we are currently in the year 5777.
It's best explained by Jonathan Cahn and his book the harbinger where he breaks it down to the cycles of seven, along with the judgement. Pretty interesting.
Quote:1901-1902 Shmita Year - 46% U.S. Stock market value wiped out.
1916-1917 Shmita Year - 40% U.S. Stock market value wiped out. German, Austro-Hungarian, Russian and Ottoman Empires collapsed. Britain, the world's greatest empire was almost bankrupt. The beginning of American to rise to world power. All during this one Shmita year.
1930-1931 Shmita Year - 86% U.S stock market value wiped out in the worst financial crisis in modern history.
1937-1938 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.
1944-1945 Shmita Year - End of German Reich and Britain's hold on territories. Establishment of America as the world's super power.
1965-1966 Shmita Year - 23% stock market value wiped out.
1972-1973 Shmita Year - 48% U.S. Stock market value wiped out. Global recession. U.S. Voted to kill its unborn children (Abortion legalized). U.S. lost its first war - Vietnam...
1979-1980 Shmita Year - U.S. and global recession.
1986-1987 Shmita Year - 33% U.S. Stock market value wiped out.
1993-1994 Shmita Year - Bond market crash.
2000-2001 Shmita Year - 37% U.S. stock market value wiped out. 9/11 and Global recession.
2007-2008 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.
http://areyouready.co.za/shmita-year
It's best explained by Jonathan Cahn and his book the harbinger where he breaks it down to the cycles of seven, along with the judgement. Pretty interesting.