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Is the 1948 establishment of the nation of Israel the blossoming fig tree?

There is little doubt among Bible scholars that the establishment of the State of Israel, on May 14, 1948, is the fulfillment of the prophecy of the fig tree. Throughout the Bible, Israel is referred to as the fig tree. Hosea 9:10 says, "When I found Israel, it was like finding grapes in the desert; when I saw your fathers, it was like seeing the early fruit on the fig tree."

After describing His return, in Matthew 24:32-34, Jesus says this: "Now learn this lesson from the fig tree: As soon as its twigs get tender and its leaves come out, you know that summer is near. Even so, when you see all these things, you know that it is near, right at the door. I tell you the truth, this generation will not pass away until all theses things have happened." Most agree that this says that the generation of people who witness the fig tree bearing leaves (Israel becoming a nation) will not pass away until the Son of Man returns.