Headlines that 2015 was the “worst year for the market since 2008,” more market turmoil this week and concerns by financial experts about a possible global recession are a “striking confirmation of the Shemitah and its phenomenon,” New York Times best-selling author Rabbi Jonathan Cahn told Charisma News.

This week, media outlets worldwide reported that 2015 was the worst year for the financial markets since the last Shemitah and the financial crisis of 2007-08, and financial forecasters raised concerns about the potential of a global recession beginning this year. In addition, the year opened with global markets dropping precipitously, a phenomenon that resumed Wednesday, according to news reports.

“It’s the central revelation in The Mystery of the Shemitah,” Cahn said about his book detailing a seven-year biblical cycle that marked numerous economic downturns. “The fact that this confirmation is now coming from the secular media is all the more striking. We’ve never had so many secular sources confirming the central thesis of the Shemitah.” FULL REPORT