Saturday, June 27, 2015

Does the Shemitah Apply to America? - Part 1

Does the Shemitah apply to America? (Tweet that!)

In his book The Harbinger Companion with Study Guide on page 85, author Jonathan Cahn addresses this question. He acknowledges that the law of the Shemitah was given to Israel long before America existed.

Also, America has never been obligated to observe a Sabbath year. (Tweet that!)

But then Jonathan Cahn explains that the Shemitah is a biblical "sign of judgment on a nation that has driven God out of its life." (Tweet that!) That describes America…more than most people acknowledge.

While I do not wish to borrow too much from Mr. Cahn's book (which I certainly recommend to you), he is such an excellent teacher and shares so much great information. And I certainly can't explain it more succinctly than he does. So here are a few paragraphs from his book:

Thus, it is the Shemitah as a biblical sign of national judgment in the context of the warning of America that now concerns us. 
Behind the crash of Wall Street and the collapse of the American economy lies the mystery of the Shemitah. 
In 2008 the collapse of Lehman Brothers and America's economy took place over the course of a week, the anniversary week of 9/11. Fannie Mae and Freddie Mac collapsed on September 7 of that year. Two days later Lehman Brothers began its fall, and on September 11, 2008, the stock market took a precipitous plunge. 
Exactly seven years separated the two events, the precise biblical period of time that concerns the Shemitah. The economic collapse, from housing to finance, concerned a forced wiping away of the nation's financial accounts—the outward form of the Shemitah. In the case of Fannie Mae and Freddie Mac, the government relieved them of debts exceeding $5 trillion. In the case of Lehman Brothers, its bankruptcy wiped away its debts and canceled its loans. 
All these events helped trigger a stock market crash, touching the whole world and wiping out all gains over the preceding seven years and then some. The 2008 global economic collapse was one colossal Shemitah, made up of countless smaller ones. 
(The Harbinger Companion with Study Guide by Jonathan Cahn, page 87.)

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