Free The Mystery of the Shemitah by Jonathan Cahn

1901–1903
    The Struggle of Titans
    The crash of 1901–1903 was brought on by the struggles of E. H. Harriman, Jacob Schiff, and J. P. Morgan to gain financial control of Northern Pacific Railroad. It caused so much damage that the resulting crisis is sometimes called “the 1901–1903 depression.” By its end, 46 percent of the market was wiped out.
    In the midst and depths of the collapse is the biblical Year of the Shemitah, which began in September 1902 and ended on September 21, 1903. Less than two months after its end, the collapse reached its end. The Shemitah’s entire course took place within the collapse—an overlap of 100 percent.

    The following three crashes constitute the greatest long-term stock market collapses in modern history.
    The Crash of 1937–1938
    The Recession of the Great Depression
    The crash of 1937–1938 has been called “the Recession of the Great Depression.” By early 1937 the American economy had recovered to pre-Depression levels in the areas of production, wages, and profit. But in the spring of 1937 the economy entered a downturn. It continued through much of 1938. It brought the American stock market and economy back to depths not seen since the days of the Great Depression.
    Is there any connection between the crash of 1937–1938 and the ancient mystery of the Shemitah? The years 1937 and 1938 just happen to be the same period of time in which falls the Shemitah. The start of the economic downturn came in March 1937 in the Shemitah’s approach. The Shemitah’s actual commencement day was September 6, 1937. The very day after the Shemitah began, Wall Street collapsed. Starting with this collapse and continuing over the next nine months, America’s manufacturing employment fell by a quarter, its industrial output by a third, the stock market by half, and profits by over three quarters. By June of 1937 four million workers lost their jobs.
    The stock market’s downturn overlapped with the first half of the Shemitah year. Its deep crash began the day after the Shemitah’s beginning. The Shemitah overlapped with the financial collapse for six months or 50 percent of its duration, and with the economic collapse for nine months of its duration or 75 percent. The extreme economic plunge took place entirely within the Shemitah’s parameters.
    The Crash of 2007–2008
    The Great Recession
    The crash of 2007–2008 is known as the “Great Recession,” “the Global Financial Crisis,” and “the Second Great Depression.” It was the worst financial crisis since the Great Depression. It wiped away trillions of American dollars, threatened the collapse of several major financial institutions, helped trigger the European Sovereign-Debt Crisis, and launched a global recession that would last into 2009. By its end, more than half of the stock market had been wiped out.
    Is there any connection with the collapse of 2007–2008 and the ancient mystery? The stock market had been in a continual period of expansion for several years, but less than thirty days from the Shemitah’s commencement in September 2007, the momentum began to change. The stock market began to collapse.
    The Shemitah reached its climax one year later in September of 2008. The crash reached its greatest intensity the same month. Its repercussions continued into the spring of the following year. The ancient economic remission and the crash of the Great Recession took place simultaneously. The overlap of the Shemitah to the Great Recession is 100 percent.
    The Crash of 1930–1932
    The Great Depression
    The long-term collapse which began in 1930 and lasted until 1932 would constitute the worst economic and financial crisis in modern history—the core of the Great Depression. Even after the great stock market crashes of 1929, there had been an upward turn. In fact, within six months of the initial crashes, the stock market had returned to early 1929 levels. But in 1930 another downturn began, this time involving a