Let’s begin with the subject of clay. There are two types of clay spoken of by Daniel. First there’s potters clay: A species of earth which is firmly coherent, weighty, compact, and hard when dry; it can be drawn out when moist; smooth to the touch; is not readily diffusible in water and when mixed not readily subsiding in it. It can be molded into any shape; and therefore it’s the material potter’s make their various vessels.
Then we have miry clay; a clay that abounds with mud; it is water logged and full of course mud. It cannot be used, molded or stretched, is water saturated and grimy to the touch. God is the Potter and there are vessels that are used for his purpose, and vessels of miry clay having no purpose in the spiritual things of God.
Nebuchadnezzar's image from head to toe, from the gold head to the miry clay toes are represented as, and have proven to be the enemies of God's over the years; enemies of Israel, of Jesus Christ and of the Christian Church. I have no reason to think the iron mixed with both potter's clay, and miry clay are also the enemies of God, the Jews, and Christians. Of course from each God has saved a small remnant to fulfill his holy purpose; men such as Cyrus.
Let’s return to Nebuchadnezzar’s image. Dan.2:33, “His legs of iron, his feet part of iron and part of clay. Ver.41, “And whereas thou saw the feet and toes, part of potters clay, and part of iron, their kingdom shall be divided; BUT there shall be in it of the strength of the iron, forasmuch as you saw the iron mixed with miry clay.”
It appears Daniel is speaking of two separate powers, or people. Commentators agree that iron represents the Roman Empire; iron with Potter’s clay can be the European nations, those having been a part of the ancient Roman Empire, and lastly Daniel speaks of iron mixed with miry clay; a clay or people having little to no value to him, yet they also had been a part of the old Roman Empire.
Ver.43, “And whereas you saw iron mixed with miry clay, they shall mingle themselves with the seed of men, BUT they shall not cleave one to another, even as iron is not mixed with clay.”
Miry clay is most likely representative of the Muslims, nomads for the most part; living throughout the countries of the Middle East, and today spreading their law, culture, and religion to every corner of the world. Their goal is to destroy Israel, to extinguish the flame of the Christian people and to make Islam the religion of the world. They do not mix their religion, their law, dress and culture with those of the nations they now inhabit. Their mindset is, "the world must change, not us!"
They Muslims are from the seed of Ishmael, he of the institution of the covenant of circumcision; he also took for himself a wife from Egypt. She was the mother of 12 sons and daughters. Esau, Isaac’s brother contracted an alliance with Ishmael when he took unto a wife Mahalath the daughter of Ishmael. They peopled the north and west of the Arabian Peninsula, and eventually formed the chief element of the Arab nation. Their language which is generally acknowledged to have been Arabic commonly called and adopted with certain exceptions throughout Arabia. Because Ishmael was the first born of Abraham, the Muslims assert that Ishmael and not Isaac offered by Abraham in sacrifice.
Based on the above I understand that the Arab nations are the toes of Iron and miry clay spoken of by Daniel. The potter’s clay represents the 5 major European nations, Germany, Great Brittan, France, Spain and Italy. The 5 toes of iron and miry clay would most likely be Turkey, Libya Iran, Syria, and either Sudan, Ethiopia, or Lebanon.
The “stone cut out of the mountain without hands, and the same stone that shall break in pieces the iron, the brass and clay, the silver and the gold reveals that the ancient Middle Eastern nations and those of Europe shall remain sovereign until the Lord returns and sets up His kingdom for 1000 years.