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.
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.
Turkey’s President Recep Erdogan approved of the move. Keep in mind, Erdogan is currently massing troops and equipment on the Turkey/Syria border east of the Euphrates River and warning of a pending invasion. His goal is to rid the region of terrorism. Specifically, the threat is land possessed by the Kurdish People’s Protection Units or also known as the YPG.
Before Trump made his statement release, an arms deal with Turkey was announced. Per the State Department, $3.5 billion worth of Patriot missile systems were sold to Turkey.
Russia’s President Vladimir Putin joined in the praise of Trump’s decision. He responded by promising to increase a permanent Russian military presence in Syria.
Click on this video for regional geography and analysis
Recent history shows when one force leaves the Middle East another will take its place. Somebody will fill the vacuum created by the United States leaving Syria. More Russian and Turkish forces will be entering into Syria. The troop build up continues. Israel’s northern border is at risk.
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 and Russia, see the links below.
Ezekiel 38:21-22 I will summon a sword against Gog on all my mountains, declares the Lord GOD. Every man’s sword will be against his brother. With pestilence and bloodshed I will enter into judgment with him, and I will rain upon him and his hordes and the many peoples who are with him torrential rains and hailstones, fire and sulfur.
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.
The brothers of Magog (Meshech, Gomer, and Tubal) appear to point to modern day Turkey.
For more evidence pointing to modern day Turkey, see the link below.
December 12, 2018: Turkey’s President Recep Erdogan announced he is looking to advance military troops into Syria. His stated goal is to remove a terrorist threat. The threat is land possessed by the Kurdish People’s Protection Units or also known as the YPG.
The YPG has been working with the United States as well as the Syrian Democratic Forces or the SDF. These three groups have been focused on ISIS.
“We will start an operation to free the east of the Euphrates from the separatist terrorist organisation in the next few days,” stated Erdogan.
Click on the video link below for additional geography and analysis.
Click on the video link above for additional geography and analysis
The United States and YPG are located east and west of the Euphrates River. US military forces are located in the city of Manbij, Syria.
Erdogan appears to mean business. Sources indicate Turkey is moving equipment on the Syrian border town of Akcakale. Border walls on the Turkey/Syrian border town of Ras al-Ayn are being taken down by the Turks.
The United States is reported to have forces near Ras al-Ayn and Manbij in Syria.
Recent history shows Recep Erdogan is a man of his word. Look for things to heat up on the Euphrates River in northern Syria.
Spend, Spend, and Spend some more; we borrowed some and we can borrow more! Since the Great Financial Crisis, virtually every Nation, State, County, Province, Region, City, Town, Village, and two buildings near each other on the same road have gorged on Borrowed Money. The Central Banks of the World opened the Debt Spigot and flooded the Globe with Liquidity. It is oh so much fun when the spending is free. Everyone loves a “Big Spender”! Now the Credit Splurge is over and reality is setting in. Much of the Debt was squandered by bureaucrats that had no economic sense; spending on projects for local constituents that benefited political support groups to consolidate and retain power. Sometimes just outright Fraud and Graft. Some Debt was used to build Schools, Roads, and power Infrastructure, but too much was misspent and mal-invested by the totally incompetent but politically connected technocrats in the Corporate and Government worlds.
Larger than all the stock markets of the World, the Debt Implosion will cause massive Disruptions and Turmoil. Those that prepare will have enormous opportunities as assets are sold at discounted prices to satisfy loans.
Those middle managers that 10 years ago were still in School and have never experienced any Business Environment other than an expanding Credit Bubble will be bewildered as a Global Slowdown unfolds. No one told them that Loans will come due and need to be paid. No one told them Interest Rates can rise and rise quickly, No one told them that Debt cannot always be “Rolled Over’! No one told them Business Cycles end! No one told them, therefore, it is not their FAULT!
Politicians and Corporate insiders will not accept the blame as the Debt Time Bombs start to threaten. The Budgets that are trimmed and the Programs that are reduced or curtailed will become someone else’s fault particularly as Civil unrest starts, as local housing, medical, or food benefits are reduced or worse yet, eliminated! It will be someone else’s fault; either a Foreign enemy or a domestic Ethnic or Religious group will be blamed for mishandling the Economy. Border skirmishes or outright conflict may result as Governments look to deflect and distract. Enemies do not deserve to be repaid!
Goldman Sachs has been embroiled in Corruption across the World and has been accused of creating complicated Financing for Nations such as Malaysia and Greece that provided funds to desperate politicians at very expensive prices, good for the immediate term, but not so good when the Debt needs to be repaid. Abu Dhabi filed suit in New York November 21, 2018 accusing Goldman Sachs of Bribery and Money Laundering. Sovereign and Corporate Debt is at Risk of Default from Rising Interest Rates and Market Forces; now Sovereign and Corporate Debt is at Risk of Default due to alleged Fraudulent practices. Obviously, if the Money was Fraudulently lent, no one would expect to be paid back, would they?
The Bond Market will experience huge defaults and Global Deflation as Trillions of dollars come due; the Debt is not sustainable. Larger than all the stock markets of the World, the Debt Implosion will cause massive Disruptions and Turmoil. Those that prepare will have enormous opportunities as assets are sold at discounted prices to satisfy loans. Essential Cash Flow from Bonds can be replaced often by even larger Income Streams from conservative Rental Real Estate in the great growth markets of the US with much less Risk. A discussion with a Financial Adviser may be Timely and Prudent.
The Turmoil will not start in the United States, but it will reach our shores. The warnings are moving from inevitable Global Turmoil to Imminent Global Turmoil!
The Catalyst will not start in the Equity Markets, but in the Credit and Debt Markets of the World. The Debt Markets dwarf the Equity Markets by a factor of at least 20; the Credit Market is enormous!! Although the Turmoil will not start in the US, the US Dollar will be the cause! In an effort to Save the World, the Central Bankers reduced rates to zero or below and encouraged borrowing; encouraged squander and massive, pervasive Debt! Global rates have risen from 0.1% to over 3.0% in the US. A thirty fold increase! Thirty times more interest; thirty times more tax money to service the debt. To make matters worse, a gamble was taken; betting the US Dollar would indefinitely decline in value and Debt could be rolled over in cheaper and cheaper Dollars. Historical Cycles were ignored; the Day of Reckoning is coming as the Dollar has reversed and is now getting stronger and stronger. The equation of local currency vs the US Dollar is tipping. Not only is the payment rate trending higher, more local currency is needed to buy a US Dollar; a lot more!
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Not only Debt repayment will cause Turmoil, but Imports are typically expressed in International measures which is typically the US Dollar. Energy costs will skyrocket in Argentina and Turkey as their respective currencies decline vis-a-vis the US Dollar. Oil and refined petroleum Products will become very expensive and cause hardship on the local populations. Medicine, machine parts, electronics, replacement parts will all become expensive demanding more and more of free cash flow and eventually a breaking point!
Obviously, as more and more Capital is diverted to servicing Debt and rising costs, the Economy will suffer. It will become a Negative Feed Loop Spiral! Eventually, Debt will be Defaulted affecting the Pension Funds, Hedge Funds, Banks, Mutual Funds, Annuities, Sovereign Wealth Funds, and even small family reserves. Collateral Damage will be a Contagion as Peter can no longer pay Paul who then cannot pay Mark!
Bonds will face not only Market Risk as Interest Rates rise causing a relentless decline in value, but also Credit Risk as Defaults rise and credit Quality lowers. It is time to review holdings. It is time to re-allocate. The US Dollar cycles; it will trend lower again. Things and Real Assets will rise substantially in the US like they are now in Turkey and India. Real Things should be accumulated now while our Dollar is high. Commodities such as copper, aluminum, steel, asphalt, agriculture, farms, lumber, and residential rentals can be slowly bought. Cash flowing rentals contain these basic materials and will not only protect their value in the future, but protect the owner with an alternative cash stream when Turmoil reaches our shores.
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.
The brothers of Magog (Meshech, Gomer, and Tubal) appear to point to modern day Turkey.
For more evidence pointing to modern day Turkey, see the link below.
Economic data provided by Wall Street Geek syndicated columnist Michael Douville.
Turkey loves Gold! Gold is revered as true Wealth; portable and exchangeable worldwide. Turkey is one of the top Sovereign holders of Gold and the Turkish people consume massive amounts in jewelry and bullion. Turkey is selling Gold; over $6 billion US Dollars worth since June of 2018. Reports of up to 20% of Turkish holdings have been liquidated. Turkey loves Gold; there has to be compelling reasons to sell!
Turkey is in Trouble; big Trouble. The Turkish Lira is continuing it’s decline against the Euro and most notably the US Dollar losing over 40% of purchasing power year to date. The 10 year Turkish bond has climbed to unsustainable levels of over 21% and the Bank Rate has been increased to 24%+. The Debt binge that has fueled Prosperity for the last decade is coming to an end; the Credit Line is exhausted! The Day of Reckoning when lenders will no longer extend a financial lifeline and want their money back is upon them. When the obvious loss of confidence in the Government’s credibility becomes apparent, Capital Flees! Not just Foreign Capital, but Domestic as well seeking safer assets. Selling Gold is inevitable and an International Black Swan.
Uncertainty dictates caution. The US will be the Haven of Last Resort; US Assets may still rise as others fall. Capital will search for safety.
Regardless what it is called, when a country can no longer service it’s debt, a Contagion ripples across the Globe. Turkey is connected to the European Banks; particularly fragile are those in Spain and Italy which have very little reserves to handle a default. The Fractional Reserve System on which modern Banking is based is intertwined with the International Monetary System and can destabilize the Banking System as Liquidity from defaults disappears. Turkey has a liquidity problem itself and selling Gold will temporarily ease the problem. Servicing an unsustainable debt load by some reports of up to $330 Billion US Dollars with a currency that is daily losing value. A Herculean task.
Military forays into Iraq and now occupation of areas in North Syria are hugely expensive, not only in the loss of life and the loss of equipment, but the logistics to support the military campaigns; Turkey obviously has a finite capability. Who will provide the fuel, the food, the ammunition? Russia may be funding the incursions to benefit it’s Syrian ally. Russian capability is also limited.
Uncertainty dictates caution. The US will be the Haven of Last Resort; US Assets may still rise as others fall. Capital will search for safety. Prudence also dictates caution. Review asset allocations; pay particular attention to Sovereign Debt Funds and Emerging Markets. Review vulnerabilities, review risk parameters in any new ventures, review debt and reduce negative cash flow, build reserves and personal items such as extra food, water, medicine, and cash. Intrinsically, Real Assets may become more valuable than Financial Assets. Businesses may be vulnerable as commerce slows; first overseas then to Mainland US. Basic rentals (B- or C) with little or no frills should continue to provide an alternate source of consistent positive cash flow that will be hugely valuable during any International or Domestic Economic slowdown.
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.
For evidence pointing to modern day Russia, see the link below.
Russia has an impressive military with Nuclear Weapons, but when it comes to Economic prowess, it is an Emerging Market! It has been only 20 years since Russia collapsed financially and it is still working through the economic disruption. Although blessed with huge Natural Resources, Russia is still very dependent on Foreign Capital to develop it’s mining, gas and oil fields. Foreign Capital is needed not only for developing the resources themselves, but the infrastructure to bring them to market. Global Markets dictate much of Russia’s income as the price of basic materials fluctuate with the Business Cycle. As one of the World’s leading oil producers, Russia has benefited from the recent run up in Oil prices which are expressed in US Dollars. Basic Materials are also expressed in US Dollars, but are very sensitive to demand dynamics; much, much more sensitive. Dollar dependency is a two edged sword for although the demand for the energy component is less elastic, the price can fluctuate wildly. The price of Natural Resources can plummet as the Global Slowdown intensifies; as with any Emerging Market repayment of Foreign Loans becomes more and more difficult.
The BRICs were the darling of the Investment Community. Now Brazil and India are struggling. China financed much of it’s Capital needs with internal financing through it’s Shadow Banking and while these loans are certainly at risk, they are less visible. Russia has done much better than many Emerging Market Nations, but Russia is still affected by a rising US Dollar and rising Global Interest Rates. The balance of Trade impacts the International repayments. A Global Slowdown is underway and many Emerging Markets are at risk of depleting Dollar Reserves and thus entering a Liquidity Crisis. Which leads to Turkey!
Commodity prices will fall crushing the Emerging Markets which will cause Turmoil throughout the World. Debts will not be paid and alliances will be stretched if not completely broken.
Turkey, along with Argentina and Brazil, is rapidly running out of Dollar Reserves. Turkey imports much more than it exports and as it’s currency declines, purchasing power falls dramatically. Turkey needs Cash to not only finance Government offices, public utilities, and to service domestic needs, but any recent Military adventures such as last year’s excursion into Iraq and just recently Syria. Everything needs to be financed. The Credit lines from Western Nations and the US come with restrictions which the Turkish Government seems to be unwilling to accept. Turkey is now in overtures to Russia and China to provide US Dollars to solve it’s Liquidity demands. Currently, Turkey is involved in operations with Russia in Syria; an operation that benefits both Geo-politically, but is adverse to Turkish Allies objectives. This becomes a very interesting puzzle!
Russia and China can forestall Turkey’s liquidity crisis for awhile; a few months, maybe a year. However, both are still Emerging Markets themselves and a prolonged Global downturn will inevitably affect any extension of Credit.
A Global Downturn has been evident for months. Demand for natural Resources and eventually Energy will fall, slowly at first then much more rapidly. Commodity prices will fall crushing the Emerging Markets which will cause Turmoil throughout the World. Debts will not be paid and alliances will be stretched if not completely broken. There is still time to prepare; payoff debt, build reserves, store things like food, water, and medicine. As quickly as possible, build a personal cash reserve held outside of financial institutions and as important, build a Financial Lifeboat of Cash Flowing assets.
Remember, the reason for Russia’s future invasion of Israel is economic. Russia will seek to take Israel’s resources.
Ezekiel 38:13 Sheba and Dedan and the merchants of Tarshish and all its leaders will say to you, ‘Have you come to seize spoil? Have you assembled your hosts to carry off plunder, to carry away silver and gold, to take away livestock and goods, to seize great spoil?’
