Archive for Turkey

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/

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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.

Trump Announces Troop Removal From Syria, December 2018

Posted in Burden of Damascus, Ezekiel 38-39, Prophecy, Trend Update with tags , , , , , , , , , , , , , , on December 20, 2018 by paulthepoke

December 2018: President Trump has announced that US troops will be withdrawing from Syria immediately.

“We have defeated ISIS in Syria, my only reason for being there during the Trump Presidency. ” President Trump, Twitter

Click on the link below to listen President Trump’s victory speech over ISIS.

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.  

https://www.dailymail.co.uk/news/article-6514167/THEY-want-Trump-claims-troops-killed-battling-ISIS-Syria-support-sudden-pullout-plan.html

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.

History and destiny await…

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.

Turkey Looks to Move Into Syria on the Euphrates, December 2018

Posted in Euphrates River, Ezekiel 38-39, Kurds/Medes, Prophecy, Trend Update with tags , , , , , , , , , , , , on December 12, 2018 by paulthepoke

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.

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

Reuters

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. 

https://www.middleeasteye.net/news/turkey-launch-new-military-operation-syria-against-kurdish-militia-erdogan-said-1870596904

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.


The Catalyst for A Global Default

Posted in Michael Douville, Trend Update with tags , , , , , , on November 26, 2018 by paulthepoke

Proverbs 22:7 The rich rules over the poor, and the borrower is the slave of the lender.

world under water

https://michaeldouville.com/

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.

https://michaeldouville.com/

 

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