Financial Collapse Coming Sun. 9/13/15?
Is Another Financial Collapse Coming?
A Phd. economist is aligning his views with biblical prophecy known as a Shemitah, which is going to occur this Sunday, September 13, 2015 and it predicts that an economic downturn or crisis is inevitable. It has been occurring in recent history every 7 years, according to the religious minister and author Jonathan Cahn.
In an interview with Perpetual Assets, Phd Economist Jim Willie says: “The odds of the Shemitah cycle being random is 61.8 Billion to one, according to my math. I believe the the crisis in 2015 is going to be worse than the Lehman Brothers in 2008. It will be the year the dollar faces its death, and I say it has already begun. The nations of the world will SCREAM for something to replace the dollar as the standard. The standard will be gold and the Remnimbi currency. The goal for this currency reset is for a total of 80% devaluation.”
This hearkens back to that old conspiracy theory that Saddam Hussein’s assassination wasn’t the result of mass atrocities but rather the result of the former president attempting to organize several middle-eastern countries into returning to a gold standard, which would effectively eliminate the US’s dollar as a viable source of currency.
That being said, there is most certainly a well-documented phenomenon occurring with this 7-year cycle.
2008 US Financial Crash
The International Monetary Fund (IMF) called it the worst global recession since World War II and it was related to the U.S. financial crisis of 2007–08, which threatened the collapse of large financial institutions before a bailout saved many major banking institutions, and subprime mortgage crisis of 2007–09, which was triggered by a large decline in home prices, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.
2001 Terrorist Attacks
A series of 4 coordinated terrorist attacks on the morning of Tuesday, September 11, 2001 had a significant economic impact on United States and world markets. The stock exchanges did not open on September 11 and remained closed until September 17. Reopening, the Dow Jones Industrial Average (DJIA) fell 684 points, or 7.1%, to 8921, a record-setting one-day point decline. By the end of the week, the DJIA had fallen 1,369.7 points (14.3%), at the time its largest one-week point drop in history. In 2001 dollars, U.S. stocks lost $1.4 trillion in valuation for the week.
1994 Peso Crisis (The Tequila Crisis)
A currency crisis sparked by the Mexican government’s sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight, or the occurrence assets or money rapidly flowing out of a country due to an event of economic consequence. As a result, the country’s GDP declined by 6.2% over the course of 1995, banks collapsed, revealing low-quality assets and fraudulent lending practices, and thousands of mortgages went into default causing the widespread repossession of houses.
1987 Black Monday Financial Crisis
On Monday, October 19, 1987, stock markets around the world crashed, shedding a huge value in a very short time. By the end of October, stock markets in Hong Kong, Australia, Spain, the United Kingdom, the United States and Canada had fallen 45.5%, 41.8%, 31%, 26.45%, 22.68% and 22.5% respectively, making it the largest one-day percentage decline in the DJIA in history.
1980 Silver Thursday Panic
On Thursday, March 27, a steep fall in silver prices led to panic on commodity and futures exchanges. Fueled by Nelson Bunker Hunt and William Herbert Hunt and their attempts to corner the market in silver, fears were that if the Hunts were unable to meet their debts, some large Wall Street brokerage firms and banks might collapse and in order to prevent this a consortium of US banks provided a $1.1 billion line of credit to the brothers which allowed them to pay off the ensuing debts. The brothers were later found guilty of conspiracy and ordered to pay $134 million in compensation to a Peruvian mineral company they had suckered money out of.
1973 Arab Oil Crisis
The Organization of Arab Petroleum Exporting Countries (OAPEC) proclaimed an oil embargo, causing immediate demands to address the threats to U.S. energy security. Retail gas prices rose from a national average of 38.5 cents in May 1973 to 55.1 cents in June 1974, state governments requested citizens not to put up Christmas lights while Oregon banned Christmas and commercial lighting usage altogether, and President Nixon requested gasoline stations voluntarily not sell gasoline on Saturday nights or Sundays; 90% of owners complied, which produced long queues. Interestingly enough, in 1974 a national maximum speed limit of 55 mph was imposed through the Emergency Highway Energy Conservation Act in order to help reduce oil consumption.
Further substantiating the claims, there will be a solar eclipse on September 13th, 2015, and over the past century there have only been two other times when a solar eclipse has corresponded with the end of a Shemitah year. Jonathan Cahn told WND that those solar eclipses foreshadowed major financial disasters.
“In 1931, a solar eclipse took place on Sept. 12 – the end of a Shemitah year. Eight days later, England abandoned the gold standard, setting off market crashes and bank failures around the world. It also ushered in the greatest month-long stock market percentage crash in Wall Street history.” said Cahn, “[and] in 1987, a solar eclipse took place Sept. 23 – again the end of a Shemitah year. Less than 30 days later came Black Monday.”
What’s truly interesting about the prophecy of the Shemitah and the timing is that rogue economist Robert Reich said, and I’m paraphrasing, that the mindset and failures to self-regulate which led to the great recession of 2008, which we as a species was supposed to learn from, are a repetitious beast and within the next few years we will find ourselves at the doorstep of another collapse, another bubble followed by an unimaginable burst that will, pun possibly intended, trump anything we’ve experienced before.
He said that in 2013.
What are your thoughts? Are we headed for the mother of all meltdowns? Is it time to stock up on Berkey Light System Filters and convert our savings to gold? Are these just more cries of doomsday like we’ve heard year after year? Join in the conversation: comment, share on Facebook, and on Twitter use the hashtag #DMTalk.
Editors Note: Views and information presented in this article are the views of the author and do not necessarily represent those of other staff members, Dark Matter News or Midnight In The Desert.