Breaking: Turkish Lira Crashing

Breaking News: Turkey’s President Recep Erdogan has fired the Central Bank Chief. The market is not responding well to this news.

As of the open of trade on Sunday night in America, Monday morning in Turkey, the Lira has dropped up to 15-17% against the dollar.

There is big time concern this could to lead to a recession in Turkey. Monday could be an interesting day in the markets. Sadly, this means more inflation for the people of Turkey.

chart: Bloomberg

There are many reasons to watch Turkey as a key player in Bible prophecy. Turkey will be part of a coalition lead by Russia along with Iran and others when they will invade Israel from the north.

Recent history tells us that Turkey’s President Erdogan responds to financial crisis with military aggression. Somebody is likely to get attacked…

The brothers of Magog (Meshech, Gomer, and Tubal) appear to point to modern day Turkey.

Ezekiel 38:1-3 The word of the Lord came to me: “Son of man, set your face toward Gog, of the land of Magog, the chief prince of Meshech and Tubal, and prophesy against him and say, Thus says the Lord God: Behold, I am against you, O Gog, chief prince of Meshech and Tubal.

Ezekiel 38:6 Gomer and all his hordes; Beth-Togarmah from the uttermost parts of the north with all his hordes—many peoples are with you.

Magog was a son of Japheth. Genesis 10:2 The sons of Japheth were Gomer and Magog and Madai and Javan and Tubal and Meshech and Tiras. Japheth was the son of Noah. The sons of Japheth were born after the flood (Genesis 10:1).

Leave a Reply

%d bloggers like this: