Televangelist Pat Robertson responded to the dramatic market sell-off today by suggesting that it was only a foretaste of God’s judgment for legal abortion and federal funding of Planned Parenthood.

Following a report on demonstrations against Planned Parenthood that took place this weekend, the “700 Club” host said that God is not pleased with the Obama administration’s position on Planned Parenthood and abortion rights, as made clear by today’s market slide.

“We will pay dearly as a nation for this thing going on,” he said. “And possibly if we were to stop all this slaughter the judgment of God might be lifted from us. But it’s coming, ladies and gentlemen. We just had a little taste of it in terms of the financial system, but it’s going to be shaken to its core in the next few months, years or however long it tastes and it will hurt every one of us.”

Earlier in the program, Robertson claimed that the market crash was prophesied by Jonathan Cahn, who believes that something bad will happen in late September as part of the biblical Shemittah cycle. Today’s market turmoil, according to Robertson, is a sign that conditions will only get worse next month.

“This thing is hitting with great force and if Cahn is right on that Shemittah we could be in for some really rough days in the markets,” he said, before urging his viewers to buy gold in preparation for greater market deterioration.

“It looks like the writing about the Shemittah was right on the money, it’s starting to happen and the height of it will be the middle of September so we’re a month away from trouble,” Robertson continued. “You don’t know where to go, there is no place to hide financially except for the Lord.”