What Would this Shemitah "Release of Debts" Look Like?

Jonathan Cahn’s The Harbinger Companion with
Study Guide, The Harbinger, and
The Mystery of the Shemitah

I'm pretty sure most of you (unless you're Jewish) are a lot like me: Because this idea of the Shemitah is so new to me and I'm just learning about it, and because I haven't lived with it or experienced it (at least not when I knew that's what was happening!), it's hard to imagine what it would look like when it happens on Elul 29. Don't you agree? (Tweet that!) Well teacher and author Jonathan Cahn teaches us in his books.

Here is an explanation about the release of debts from Jonathan Cahn's The Harbinger Companion with Study Guide, page 85:

So at the end of every seventh year, which was the twenty-ninth day of the biblical month of Elul, all debts were canceled; the nation's financial accounts were nullified. 

The effect and repercussions of the Shemitah extend into the financial realm, the economic realm, and the realms of labor, employment, production, consumption, and trade. It would cause much of these things to cease or greatly diminish, and in the case of Elul 29, the wiping away of all credit and debt would nullify much of the nation's financial realm.

Thus, the Shemitah in many ways had the outward appearance of an economic collapse… The Shemitah remains one of the most unique ordinances in the Bible in its massive effect and repercussions on a nation's financial and economic realm.

Can you imagine such a "financial reset"? (Tweet that!) Can you imagine what it would be like to live that? We may actually live it later this year. (Tweet that!)

Or maybe we already have in 2001 and 2008. If the events of 2001 and 2008 were just warnings, what might the real thing be like? (Tweet that!)

I don't know the answer to that. But another question comes to my mind: Why would God do all this? We'll talk about why God would order the people to do this, or would do this to the people, in the next post, so please visit again on Tuesday.

Related Articles:

• January 27, 2015: What Might Happen on the Coming Shemitah? - Amazing Worldwide Event #3 Linked to Bible Prophecy
• How the Jewish Calendar Works
• June 11: When is the Shemitah?
• June 9: Closed … for the Shemitah?
• June 6: Does the Shemitah Turn things Upside Down? Or Right Side Up?
• June 4: The Lord's Release = Shemitah 
• June 1: Taking a Closer Look at the Shemitah
• Join the Shemitah Watch Facebook Event. Click "Going" then invite your friends.