Recently, a new buzzword has made its way around economic circles as the end of summer 2015 approaches. Some in the financial world call it “The 7-year cycle” while others call it by its religious name, “The Shemitah.” Popularized by the New York Times’ best-seller “The Harbinger” and “The Mystery of The Shemitah” by Rabbi Jonathan Cahn, as well as viral videos like Jeff Berwick’s “Shemitah Exposed,” this cyclical phenomenon takes place every seventh September.
Let’s look a deeper into The Shemitah, and what it could mean for the global economy.
Is the world making arrangements to accommodate ‘’The Shemitah” to prepare for it, or to capitalize upon it? Consider this to be the pieces of a puzzle to solve. I’ll share with you the pieces that I know, relating to the economic results that consistently occur at certain times. Feel free to use your mind’s eye to fill in the rest of the picture’s missing pieces, as you see fit. This certainly is not the entire story, and here we’ll just focus on the economics of it all.
The Shemitah, also spelled Shemittah, and Shmita, is of a Jewish observance that goes back