The Shemitah - Are We Just Days Away From Global Economic Destruction? (Op-Ed)
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....
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2015 is a Shemitah year leading many analysts to claim the remainder of the year could hold great volatility in the political and economic arenas. Shemitah predictions entail major implications for the future Bitcoin price, with some claiming $2 million Bitcoin due to the dislocations. In a recent video, "SHEMITAH EXPOSED: Financial Crisis Planned For September 2015" (see video below), Dollar Vigilante Editor-in-Chief Jeff Berwick predicts major dislocations as early as this fall. These, according to the founder of Canadian financial website Stockhouse, could have major implications for....
If you pay any attention to the financial blogosphere you might have noticed talk of an impending economic collapse coming to the US and world this Fall. The Economic Collapse Blog issued a "Red Alert" for the last six months of 2015, for instance. In early 2015, The Economic Collapse Blog's Michael Snyder wrote a piece entitled, "The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015." He, like many of the internet analysts predicting an economic collapse around the end of 2015, cite something called the Shemitah Calendar as a reason for their....
Demand for Bitcoin seems to be on the rise again in many countries throughout the world as the global economy shows many signs of self-destruction. Bitcoin Hits Highest Price Since 2014. As nations engage in different levels of market manipulation and currency controls, savvy investors continue to use Bitcoin as an economic safe haven, driving market values to a new 2016 high early on Tuesday. According to the Coindesk Bitcoin Price Index, Bitcoin reached a global average price of over $788 USD, but in many markets and currencies Bitcoin trades for much more. According to....
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.”
IMF Says Global Economic Outlook ‘Has Darkened Significantly’
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday.
Commenting on the global economy, the IMF....
The world’s two largest economies; two of the three most populated countries on earth; much more importantly: the world’s two largest Bitcoin mining communities locking horns in a struggle for power and control over the Bitcoin blockchain. The Far East versus the West; the United States versus China: a classic battle of global superpowers that may not have a winner, but may take the world’s first global currency down in the digital crossfire. The issue of Bitcoin block size is coming to a head within a matter of days. Could a battle over block size between Western businesses and Eastern....