Archive for Turkey

Global Financial Update, April 2019

Posted in #PaulthePoke, Ezekiel 38-39, Michael Douville, Prophecy, Trend Update with tags , , , on April 22, 2019 by paulthepoke

1 Chronicles 12:32a And of the sons of Issachar, having understanding of the times, to know what Israel should do.

Economic trouble is forcing Turkey to look for help from Russian and China. Michael takes a look at the Global Economy and what it means for the U.S.

http://www.michaeldouville.com

Ezekiel 38:12 to capture spoil and to seize plunder, to turn your hand against the waste places which are now inhabited, and against the people who are gathered from the nations, who have acquired cattle and goods, who live at the center of the world.

These are the intentions of Gog, the leader of Magog (Russia). The Russians along with Turkey, Iran, and others are going to invade to steal natural resources from Israel.

The pieces of the puzzle keep falling into place…

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Turkey Begins Filling Ilisu Dam, April 2019

Posted in #PaulthePoke, Euphrates River, Mosul/Nineveh, Persia/Elam/Iran, Prophecy, Trend Update with tags , , , , , , , on April 10, 2019 by paulthepoke

Turkey’s President Recep Erdogan has issued the order to begin filling the Ilisu Dam. This dam will withhold the waters of the Tigris River. Experts estimate it will take two to three years to fill the lake behind the dam.

The Ilisu Dam is about 45 miles from Iraq. It is 1.1 miles in length. The dam is 443 feet in heigth. Ilisu is over a mile wide. The basin area is 127 square miles. The Ilisu Dam is a monster!

http://www.offbeattravel.blog
for additional pictures of Ilisu Dam

The Ilisu Dam is looking to produce 1,200 megawatts of electricity to southeast Turkey. Filling with water will relocate thousands of people. The water will also cover an ancient town thousands of years old.

Turkey is the point of origin for the Tigris River and the Euphrates River. This is of significance to the people of Iraq.

Seventy (70) percent of Iraq’s water comes from rivers in other countries. Recent water shortages in 2018 resulted in farmers leaving their land in Iraq. Restrictions were placed on planting crops. Reports of limited drinking water are noted in Iraq.

The Ilisu Dam is one of 22 dams Turkey intends to build on the Tigris River and the Euphrates River.

“Iraq is subject to a true water blockade and Turkey is using the water issue for political purposes. Iraq must take action to contain the crisis, which may extend for years to come. The UN and international organizations must intervene to solve this crisis. The common rivers are common property, and postponing filling the dam, or an abundance of rain, doesn’t mean a drought won’t occur, unless Iraq signs agreements to guarantee fixed water shares.” -Mansour al-Baiji, Iraqi Parliament Water Committee

Long term, Iraqi water issues are not going away. Iran is also blocking water flows into Iraq. The Iranians have stopped or reduced the flow of 42 rivers and streams into Iraq. Iran has built 109 dams blocking water flow into Iraq. There are others dams under construction in Iran at this time to further restrict water flow into Iraq.

https://www.al-monitor.com/pulse/originals/2019/04/ilsu-dam-water-tigris-iraq-zab.html#ixzz5kd0RqrTj

https://www.euronews.com/2019/03/07/erdogan-says-turkey-will-start-filling-ilisu-dam-in-june

Granted, this is later in the seven year tribulation. But this prophecy in Revelation 16 does not seem that far fetched now…

Revelation 16:12 The sixth angel poured out his bowl on the great river, the Euphrates; and its water was dried up, so that the way would be prepared for the kings from the east.

Click on the link above for additional geography and analysis.

Currently, weeks of rain and melting snow have resulted in a short term flooding crisis across Iraq. Major lakes in Iraq are full. The Tigris and Euphrates are flooding.

Fear not, experts say everything is okay…

“We are in control of the dams and reservoir levels. We are not worried about their safety or stability. The ministry has warned people living in flood zones, is coordinating with local governments, and is monitoring the reservoir and dam pressure levels.” -Aoun Diab, Water Ministry Spokesman

https://www.voanews.com/a/iraq-seeks-to-reassure-over-reservoirs-and-dam-pressures/4868429.html

Nahum tells what the future of the Tigris River holds. He promises the judgment of ancient Nineveh or what is 21st century Mosul, Iraq. It comes with a flood after a long history of bloodshed.

Nahum 1:8 But with an overflowing flood He will make a complete end of the adversaries, and will pursue his enemies into darkness.

Nahum 2:6 The gates of the rivers are opened and the palace is dissolved.

Graphic: The Globe & Mail

For recent news of the Tigris River, the Mosul Dam, and ancient Nineveh, click on the link below.

https://paulthepoke.com/page/1/?s=mosul+dam&orderby=relevance&order=DESC

Is Turkey the “Catalyst” that Breaks the World?

Posted in #PaulthePoke, Ezekiel 38-39, Trend Update with tags , , , , , , , , on April 1, 2019 by paulthepoke

Isaiah 47:11 But evil shall come upon you, which you will not know how to charm away; disaster shall fall upon you, for which you will not be able to atone; and ruin shall come upon you suddenly, of which you know nothing.

Pay Attention!!!

By Michael Douville – I have forecast the Global Slowdown and now that fact has been recognized by virtually everyone. The Globe is slowing so quickly that the World may be entering a period of vulnerability to a sudden downdraft.

To paraphrase the famous question of “how does this happen?”: slowly, then all of a sudden! The economy has been dragged to the edge of a cliff; something just needs to push it over!

https://michaeldouville.com/

The last decade of repressed interest rates has encouraged a Global Debt Binge!

Italy is in Recession, The Netherlands is also. Germany is teetering avoiding a the statistical recession as the 3rdQuarter GDP was -0.2% but the 4thQuarter managed to rise to 0.0%. Revisions later may change the statistics.

The 1stQuarter of 2019 is looking dismal as Global demand for Autos declined and mighty BMW announced it will not make earnings projections. The stock dropped over 6%.  Lower earnings = lower stock prices!

More bad news for Germany as several Economic Indices are severely declining and the European Industrial powerhouse may be heading into further trouble. As Germany’s trading partners suffer, so suffers Germany as the German Economy is certainly Export driven. 

European Interest Rates have been driven into negative returns forcing European Banks to search for better yields in Sovereign and Corporate Debt. Many Spanish, Italian, and German Banks have still not recovered from the Great Financial Crisis and are “woefully unprepared” for the next financial crisis and the currency union is not resilient enough to emerge unscathed from unexpected economic storms” as reported by Christine Legarde.

Which brings us to Turkey! The last decade of repressed interest rates has encouraged a Global Debt Binge! Not only has business and private borrowers indulged beyond their capacity, but Nations across the World have found that it was very easy and expedient to borrow their way to Prosperity!

Turkey is in trouble! The Turkish Economy has officially entered a Recession. Inflation has been unleashed on the population driving prices of everyday goods beyond reach. The Turkish national currency the Lira has lost tremendous value as the Foreign Exchange rate, although improved from the near 7 Lira to the US Dollar, is still vastly devalued at 5.75 Lira to the US Dollar. To make matters worse, the US Dollar is cycling higher. Portending Turmoil!

Debt denominated in US Dollars is now coming due; Billions and Billions of US Dollars are coming due all while the Lira sinks and the Nation of Turkey is gripped by a Recession. Much of this debt is owed to the Banks of Spain, Italy, and Germany;  Banks that are “ill prepared” for Loss!! Banks that are “Systemically Important”!

Could Corporations in Turkey, struggling with Debt Repayment default on their loans? For that matter, could Turkey default on it’s Sovereign Debt? A Turkish default could lead to losses in Systemically Important Banks; losses now, while Europe struggles, would be felt everywhere!!! 

As I have recommended before, build reserves, pay down debt, cut expenses, review vulnerabilities both personal and Business, and discuss with your advisers as to what is Prudent in your Investment Portfolio. If contagion ignites, financing will be restricted; check with your lenders and review loans for refinance and Lines of Credit. Preserve Capital for the huge Opportunities that will surely present themselves. Review rental agreements and maximize tenant quality rather than maximize revenue. Rental cash flows may be the “Life Boat” to sustain the quality of life jeopardized by a Global Recession.

https://michaeldouville.com/

For more detail linking modern day Turkey to ancient Meshech, Tubal, Gomer, and Beth Togarmah, see the link below.

https://godinanutshell.com/2017/08/08/ezekiel-38-who-are-meshech-tubal-gomer-beth-togarmah/

Israel, Greece, and Cyprus Participate in Gas Summit, March 2019

Posted in #PaulthePoke, Ezekiel 38-39, Prophecy, Trend Update with tags , , , , , , , , , , , , , on March 19, 2019 by paulthepoke

1 Thessalonians 1:1 Paul, Silvanus, and Timothy, To the church of the Thessalonians in God the Father and the Lord Jesus Christ: Grace to you and peace.

Located in the shadows of Mount Olympus, Thessaloniki was a major hub of trade during the Roman Empire. The wealthy city minted its own coins. It was the chief port and capital of Roman Macedonia. Thessaloniki was located on the Via Egnatia, the major road that connected the Roman Empire to the east.

Another large natural gas deposit has been discovered in the eastern Mediterranean Sea near Cyprus.

United States Ambassador to Greece Geoffrey Pyatt discussed the significance of the natural gas discovery. Here is a paragraph from the story noted in a Greek newspaper in the link below .

He welcomed Greece’s strengthened role in the Balkans, noting that the Prespes Accord is “the most obvious expression” of this development, which will restore Thessaloniki’s historic role as a cosmopolitan crossroad in the Balkans.

http://www.ekathimerini.com/238217/article/ekathimerini/news/mike-pompeo-likely-to-join-greece-cyprus-israel-summit-says-us-envoy

ekathimerin.com

The following leaders are expected to attend the meeting on March 20, 2019: United States Secretary of State Mike Pompeo, Israel’s Prime Minister Benjamin Netanyahu, Greek Prime Minister Alexis Tsipras and Cyprus President Nicos Anastasiades.

Israel, Greece, and Cyprus are expected to sign and reach a deal to build a natural gas pipeline from the eastern Mediterranean into Europe.

Prime Minister Netanyahu stated, “(This) will bring vast revenue to the state coffers.”

https://www.jpost.com/Arab-Israeli-Conflict/Netanyahu-Israel-views-rockets-fired-toward-Tel-Aviv-with-utmost-gravity-583757

Tekmor Monitor

Russia and Turkey are watching the action closely. The EastMed Pipeline is estimated to cost $8 billion and will deliver up to 12 billion cubic meters of gas annually to Europe. The EastMed will be the deepest under sea pipeline. The line is estimated to be 1,250 miles (2,000 kilometers) long. Egypt is rumored to want in on the action to export their natural gas to Europe.

Greece and Israel are increasing military and economic ties. Turkey’s President Recep Erdogan has called Greece and Cyprus actions “reckless”.

https://sputniknews.com/europe/201903191073359011-israel-greece-radar-rapprochement/

This is direct competition with Russia’s Turk Stream pipeline. This will cut into Russia’s and Turkey’s bottom line. Turkey’s economy has recently fallen into recession.

https://paulthepoke.com/2019/03/18/turkey-enters-recession/

Ezekiel 38:12 to capture spoil and to seize plunder, to turn your hand against the waste places which are now inhabited, and against the people who are gathered from the nations, who have acquired cattle and goods, who live at the center of the world.

These are the intentions of Gog, the leader of Magog (Russia). The Russians along with Turkey, Iran, and others are going to invade to steal natural resources from Israel.

The pieces of the puzzle keep falling into place…

~

For more information linking Ezekiel’s ancient names to modern day Russia, Turkey, and Iran, click on the articles below.

https://godinanutshell.com/2017/08/04/ezekiel-38-who-is-magog/

https://godinanutshell.com/2017/08/08/ezekiel-38-who-are-meshech-tubal-gomer-beth-togarmah/

https://godinanutshell.com/2017/08/17/ezekiel-38-who-is-persia/

Turkey Enters Recession

Posted in #PaulthePoke, Ezekiel 38-39, Michael Douville, Prophecy, Trend Update with tags , , , , , , , , , , on March 18, 2019 by paulthepoke

As I warned in October of 2018, Turkey was heading into Economic Turmoil. Now, it appears Turkey has officially entered a Recession.

-Michael Douville

https://michaeldouville.com/

For Seven years Turkey has borrowed from Western Banks; European Banks like Deutsche Bank seem to be the favorites. However, JP Morgan has estimated that  $179 Billion US or 25% of Turkish external debt will rollover between August of 2018 to July of 2019.  Some $146 Billion in private debt. As shown by the chart below, the Turkish Lira has recovered some from the August 2018 conversion low of 6.95 Turkish Lira to the US Dollar,  however, the repayment in Lira is significantly higher than what was originally borrowed. The Cyclical change in International Exchange Rates has drastically altered the Foreign Debt owed by Turkish Governmental Agencies and Private Corporations.  If Turks borrowed $100 in 2014 with the exchange rate at 2 Lire to the US Dollar, they received 200 lira. Today, not only must they pay interest, they repay with drastically depreciated currency at 5.4 Lira to the US Dollar; instead of 200 lira, it is today over 540 lira. Almost 2.5 times the original amount! Loan Shark Territory!!

The drastic depreciation of Turkish currency has driven local inflation through the roof with skyrocketing prices for basic commodities like fuel for the family car,  electricity to light the home and maintain modern life, food, medicine such as heart medication for elders, insulin, and hospital supplies. Not only have prices risen, but as the currency depreciates, the international suppliers are reluctant to extend credit limiting quantities. Not only can basics be expensive, they can be difficult to obtain. There is no end in sight.

As I warned in October of 2018, Turkey was heading into Economic Turmoil. Now, it appears Turkey has officially entered a Recession.

Repayment will be even more difficult as Business Conditions deteriorate.International Systemically Important Banks will be at risk for non-payment of Turkish Debt or delayed payment, and even possibly total default of loans made to Turkish entities. The Global Economy is intertwined; these may be early symptoms that will eventually spread. As Revenues decline, the solutions for repayment to worried Banks decline in tandem with the accounts receivable. Debt default may be a more and more plausible option; we will know shortly in the next few quarters.

Look for more and more Military Adventure in Economically Challenged nations as Governments seek to distract their population. Globally Systemic Banks are not prepared for an Economic Contagion of Sovereign defaults; well known but under-Capitalized Banks could fail. A Global Recession will lead to major Civil unrest;  political institutions will be challenged.  The US Dollar and US Financial Assets likely will rise as Capital flees to Safe Havens. Turmoil throughout the World will rise in both Developed and Un-developed nations. It is time to be careful, it is time to be cautious, it is time to be very conservative. 

Raise cash, pay down debts, look to US short term Treasuries for safety of principal. Extra food, medicine, along with cash for 3 to 6 months of expenses might be prudent to have at home. Review Income Streams for credit downgrade vulnerabilities,  review Tenant quality to protect Cash Flows, and prepare to purchase the opportunities that will surely arise.

https://michaeldouville.com/

Ezekiel 38-39 looms…

Putin, Erdogan, Rouhani Meet in Sochi, February 2019

Posted in Burden of Damascus, Ezekiel 38-39, Persia/Elam/Iran, Prophecy, Trend Update with tags , , , , , , , , , , , on February 16, 2019 by paulthepoke

As the West was holding their Middle East Peace and Security Conference in Warsaw, Poland… Russian President Vladimir Putin hosted his allies of Turkey and Iran in Sochi, Russia. The topic was peace and security in Syria.

Photo: Al Monitor

All three countries praised the idea of the United States pulling out of Syria.

“It would be a positive step that would help stabilize the situation in this region, where ultimately the legitimate government should re-establish control.” -Russian President Vladimir Putin

Putin believed political stability is possible in Syria.

Iran’s President Rouhani was not so sure about the American intent to leave Syria.

“We have no optimism about what the Americans say… but if they do withdraw, it will be very good news,” Iranian President Rouhani

The three countries also agreed to continue to coordinate the management of Syria.

Rouhani did not see much point in the Warsaw talks.

“We see what’s happening in Warsaw, it’s an empty result, nothing.” -President Rouhani of Iran

https://www.dailymail.co.uk/news/article-6703239/Russia-Turkey-Iran-hold-Syria-summit.html

Click on video link for geography maps & analysis

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 38:5 Persia, Ethiopia and Put with them, all of them with shield and helmet…

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.

Russia will be joined by several countries with their future invasion of Israel (Ezekiel 38-39). Two of those countries will be modern day Iran and Turkey. 

For more evidence pointing to modern day Turkey, Iran, and Russia, see the links below.

https://godinanutshell.com/2017/08/08/ezekiel-38-who-are-meshech-tubal-gomer-beth-togarmah/

https://godinanutshell.com/2017/08/04/ezekiel-38-who-is-magog/

https://godinanutshell.com/2017/08/17/ezekiel-38-who-is-persia/

Want to see how all of this ends??? Little hint, it does not work out well for these three allies. Ezekiel 38-39.

Turkey Wants the Greek Islands, January 2019

Posted in Ezekiel 38-39, Michael Douville, Prophecy, Trend Update with tags , , , , , , on January 7, 2019 by paulthepoke

The prophetic fulfillment of Ezekiel 38-39 draws closer.

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.

For more evidence pointing to modern day Turkey, see the link below.

https://godinanutshell.com/2017/08/08/ezekiel-38-who-are-meshech-tubal-gomer-beth-togarmah/

Will an unstable Turkey lead the global economic collapse? Michael Douville has been spot on with global economic calls for the past two years from bitcoin to real estate to the stock market. Check out Michael’s video.

Check out Michael’s economic analysis of Turkey and global implications.

Also, check out Michael’s 2019 economic forecast. Michael is a syndicated writer and author for the Wall Street Greek. This is quality research and it is free.

PaulthePoke

Prophecy Watch & Bible Study

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