According to the Jewish calendar, the next Shemitah year will be the year 5775 after Creation, which runs from September 25, 2014, through September 13, 2015.
The Shemitah, a Jewish Sabbath year, was an obligation given specifically and ONLY to the nation of Israel as we can read in the Old Testament book of Deuteronomy 15:1-5 NLT; “At the end of every seventh year you must cancel the debts of everyone who owes you money. This is how it must be done. Everyone must cancel the loans they have made to their fellow Israelites. They must not demand payment from their neighbors or relatives, for the Lord’s time of release has arrived. This release from debt, however, applies only to your fellow Israelites—not to the foreigners living among you. “There should be no poor among you, for the Lord your God will greatly bless you in the land he is giving you as a special possession. You will receive this blessing if you are careful to obey all the commands of the Lord your God that I am giving you today.”
The context of these verses are, that at the end of seven years, debt was to be released, and the ground given rest. It has nothing to do with God shaking the American Economy or causing a famine, nor is it about judgment as some falsely proclaim. Again, this seven year sabbatical was ONLY for the nation Israel!
There is NO BIBLICAL SUPPORT whatsoever for the idea that God would either require any other nation to observe the Shemitah year, or that He would impose a Shemitah-type judgment according to a seven-year cycle on any nation!
I have heard false teachings of so-called Bible scholars who twist the Word, claiming ‘extra biblical revelation’, even though the Bible warns NOT to add to or take from His Word (See Proverbs 30:6, Deuteronomy 4:2 and Revelation 22:19) Unfortunately, many take these teachings to heart and fall for this hype, instead of studying God’s Word for themselves in proper context!