Posted on 10/05/2011 7:14:22 AM PDT by Kaslin
You forgot one, Cush also known as Sudan.
Regarding Turkey’s domestic consumption bubble, and it’s impending bursting,
Spengler blog had a really good piece about this a few months ago, still pertinent:
http://www.atimes.com/atimes/Middle_East/MH10Ak01.html
Middle East
Aug 10, 2011
Instant obsolescence of the Turkish model
By Spengler
Turkey should have been kicked out of NATO when they refused to allow the 3ID to invade Iraq from the north.
The only reason I'm not typing a Turkish epitaph is that after 30 years, I forgot how to do the proper "c" in the sentence.
5.56mm
So if this is the start of the alignment in Ez 38, how do these countries get to Israel when they have to go through Lebanon and / or Syria which are not mentioned in the chapter? Put (Libya) and Cush (Sudan) would have to go through Egypt which is also not mentioned. My own opinion is that Syria (Is 17) and Egypt (Ez 29) will be so weak and possibly aligned with these countries without necessarily contributing. Or maybe God did not include all of the aliance members coming against the Holy Land.
If you’d like to be on or off, please FR mail me.
..................
Obviously you didn’t read to the end of the article. Turkey’s 8% growth is almost all internal, and based on a credit bubble fueled by interest free loans. The growth is also all internal demand - e.g there is little foreign investment in Turkey. They have a current account deficit of 9% of GDP, and will eclipse Greece’s CAD of 10% later this year. Not mentioned in the article, 65% of its economy is service oriented (where much of the domestic demand is driving growth), under 25% is industrial. That is a bubble sort of like our housing bubble which popped in 2008.
They have a budget deficit of almost 20%. So, when it comes time to bring its accounts current, who will bail them out? China? Saudi Arabia? Not Russia, not USA, not EU. Greece will be bailed out by the EU and the US bails itself out in several different ways (including attracting foreign investment) but Turkey was not even given a path to EU membership (and they are quite angry about that, indeed that was one of the instigators for their turn away from secularism).
The article goes on to imply that they are punching above their weight by giving aid to groups like the Muslim Brotherhood and the others, and that despite its outer projections of a growing country it is really a “house of cards” waiting to come down.
It won’t happen this time Bendy. The government has purged the Army of all the secularists.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.