Any interpretation based on headline news or current events for the purpose of date setting and popular excitement is speculative and subjective. Some have done so based on Revelation 17. Such interpretations never result in the strengthening of our faith in prophecy; in actuality, they weaken our confidence in it. When understood properly, the prophecies of Revelation have practical purposes: to teach us how to live today and prepare us for the future. A right understanding of prophecy will also inspire and motivate us to try to reach others with the gospel message.
Ministry: International Journal for Pastors
Stefanovic, Ranko, "The Seven Heads of the Beast in Revelation 17" (2013). Faculty Publications. 16.