“The Fall of America
Modern Babylon is Falling
1 We say “modern” when we refer to something comparing it to the past. This name “Babylon” begins in Genesis 10:10 (Bible). In Gen. 10:10 it is spelled “B-a-b-e-l.” But the same name seems to have changed itself into the name Babylon as we come to the most late-day history of this name.
2 Babel (Babylon) — According to the history of Babylon throughout the Bible, Babylon is referred to as something prophesied as having a failure upon her progress and rise.
3 In Psalms 137:18, David prophesies that Babylon was made to be destroyed. We know of nothing other than the devil and his works that was actually made to be destroyed spiritually.
4 The devil was not made to exist forever. This is verified by both the Bible and the Holy Qur’an and by all writers and teachers of scripture. So, here, Babylon seems to refer not only to some town or city, but it also seems to refer to a race or a nation of people.
5 Ancient Babylon, as is known by all of us, was a city under the reign of Nebuchadnezzar and Belshazzar. The fall of Babylon was final. Babylon was never to be rebuilt after her fall. And Babylon was never rebuilt.
6 This points to the same prophecy of the devil and his kingdom in the Revelation of John (Bible) — that Satan and his kingdom would be burnt up and it would never rise again.
7 In the Epistles of Paul there is a prophecy of the devil and his kingdom “that the devil was made for fuel for the fire.” The Holy Qur’an refers to this prophecy in these words: “Fuel of hell is men and stones.”
8 So the “fuel of hell is men and stones” — we do not know why stones are put there with men — it could be referring to the hardness of the stone and to the hardness of the heart and the hardness of the wicked against truth and righteousness.
9 The book of Revelation (Bible), it is prophesied here that an angel heralded a warning to the people that Babylon is falling. He then tells why Babylon fells. Babylon fell because she….”is become the habitation of devils, and the hole of every foul spirit, and a cage of every unclean and hateful bird.” The “foul spirit” here is used to tell us that the people of Babylon were filthy.
10 The term, “a cage” — this tells us that her cities and her country became a cage for people of filth. The Bible teaches us that the God referred to the people of Sodom and Gomorrah as being people whose doing and work was such that it came up and stunk in His nostrils. (But I think that if the God would get a good smell of this modern wicked filth here He would think the smell of Babylon in His nostrils was like the smell of a flower compared to the wickedness of today.)
11 Babylon is used as an example for some distant people or their history. According to the prophets, this name Babylon is something that begins in Genesis and ends in Revelation. It is found throughout the entire Bible; therefore, we must not look at it as one personal part. We must not look at it as spelling out to us the ancient only.
12 In Jeremiah, (Bible) we see a daughter of ancient Babylon. He calls the people “the daughters of ancient Babylon.” These people are not the old parents, but they are the daughters from those parents.
13 The daughter of ancient Babylon refers to a more late and modern civilization whose people give themselves over to the practice of the same evil that the people of Ancient Babylon practiced. But, the modern people were more capable of improving on the practices of the people of ancient Babylon. Therefore, he calls this modern people “the daughters of ancient Babylon.”
14 Isaiah (Bible Is. 47:1) asks this people, the daughter of Babylon, “Come down, and sit in the dust, O virgin daughter of Babylon, sit on the ground: there is no throne….for thou shalt no more be called tender and delicate.”
15 The daughters of Babylon seem to have been a very rich people and they had fallen from a state of great wealth. Isaiah used Babylon as a pretty girl whose lovers used to be plentiful because of her wealth and attractiveness; now she has become ill-looking and has no more attraction upon the people. So he said, sit down in the dust, you are no more respected and attractive to the people.
16 The prophet Jeremiah warned ancient Babylon that she had a daughter coming. This daughter meets the fate destined for Babylon: she was made to be taken.
17 Satan was made to be taken and destroyed. Why? Because she had become a place where evil was practiced. She was like a bird that goes out and associates with birds other than her own kind, and then she becomes a hateful bird — she is hated by the other birds.
18 Babylon fills herself up with people of that sort. The U.S.A. came into the Western Hemisphere and chased and all but anniliated the Indians. But America invited every one of the poor class who wanted to come from Europe to make themselves at home here in America, the Indians’ country.
19 All of the poor and evil citizens of Europe, America welcomed them. She invited every race of the earth to come and join in with her in a free country where evil and filth are openly practiced without hindrance.
20 America has done just this. She has filled up her country with all evil people. America did not allow Islam, or a preacher of Islam, to come into her country; America did not want a good religion taught. America made a religion that she could rule and control herself. He made it attractive to the eyes and ears of those who see and hear it by teaching them basically that there were three Gods instead of teaching them the teachings of Moses and the prophets — the teaching of one God.
21 America makes it possible to her God-Head that if one of them does not like you, you may please to another and if one does not let you by, one of the three will. This is contrary to the very law of nature. It is contrary to America’s own mathematical language. In mathematics it is not possible to put three (3) into one (1).
22 So, America, having this religion, contrary to the truth, today the Author of Truth is condemning her (America). America is nothing but a foul and evil place to live. She has no respect for her own self nor for anyone else. She will disrobe in the public and go nudist.
America even has nudist colonies wherein if you desire to go nude you can do so if the public does not want you.
23 In the Bible, Rev. 18:4,5 in the Revelation of John, a people are warned to flee out of her. Here, we get the name Babylon to become a modern day people. The voice of an angel warns the people of a certain class to fly out of Babylon. “…Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. For her sins have reached unto heaven, and God hath remembered her iniquities” (as being an evil people). So the angel notifies us saying, “Babylon the great is fallen.” Today, we see this same thing.
24 There is no people to be warned to come out of another people that answers to the description of this warning so clearly as the so-called Negro in America of lost-found people of our own Black kind does.
25 Here, the so-called Negro is warned to fly out of her and not to be partakers of her judgment — her torment. The angel says, so much evil has she done to thee Rev. 18:6, “Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double.”
26 Allah (God) in the Person of Master Fard Muhammad, to Whom praises are due forever, said to me that there is nothing that you can do to her in the way of evil that could match the evil that she has already done to us.
27 This is why the Revelator calls the people of modern Babylon “beasts,” for they live the kind of life of wild beasts. They have no mercy for themselves or for anyone else. They are made merciless although there are a few who will believe and escape the doom of her brothers. This is their reward just by faith.
28 But the Black man is created by the Creator, by nature, and he was made blind, deaf and dumb by his kidnaping lord and master, the white slave-master. I do not think that you could overlook the most positive truth here, in this article, that we are now living in the call of angel to us, to come out of her. The “her” here means the wicked world of the devil.
29 Since we the Black people were kidnaped and forced into this world (of the white race) we must be forced out of this world. It is not that you my people will accept by just having the freedom to accept of your own choice. No. You will have to be punished, divinely beaten and destroyed until you accept Master Fard Muhammad, to Whom praises are Due forever, as your God and Saviour, as I and thousands of my followers are doing.
30 Do not think that the 144,000 prophesied of, are the only ones who will be saved. The 144,000 refers to the first converts — “the first ripe fruits to God and His Messenger, the first ripe fruits of God and the Lamb.”
31 Another prophecy warns us that “Babylon is falling never to rise again.” In this warning it teaches you that the country and people of modern Babylon will become like the people and city of ancient Babylon that was destroyed and has not risen up a people or a city since its destruction.
32 I warn you my Black brother and Black sister that unless you believe in Almighty God Allah, Master Fard Muhammad, as I do and receive the name of the holy and perfect God you will never see the hereafter.
33 The Bible warns you and me that on the final destruction of the wicked, Allah (God) will say to the angel that He has to usher in the judgment to bring His people to Him everyone that is called by His name. For He gives His people His name so that He may save them. So that they may be the servant of Allah (God) as they were the servant of the white slave-master.
34 As long as you are in the name of the white slave-master, you belong to the white slave-master. And regardless to what you believe and regardless to how mighty you think that you are, you will not be accepted by the Black people and the God of our Black people if you have the name of white people and if you are in the religion called Christianity.
35 The fall of America is now going on! She is falling! The cause of her fall is universally known, as it was with ancient Babylon. The fall of ancient Babylon was known. The great prophet Daniel, the mouth-speak of God, was in her midst; and his people (the Jews) were enslaved.
36 In ancient Babylon, according to history, during the reign of Nebuchadnezzar and Belshazzar, the Jews suffered under the ruthless law of these two kings against the Jewish God, religion, and people. These two rulers of ancient Babylon disrespected everything regarding the sacred religion and worship of Jehovah by the Jews.
37 They took Jerusalem and captured the nobels of Israel. They raided and sacked the city and the Jews’ house of worship. They made mockery and shambles of all that stood for Jehovah and the Jews.
38 They made mockery of the prophets and the sacred vessels that God had King Solomon make and put in the house of worship of the Jews so that they should be sacred.
39 Nebuchadnezzar and his nephew (or grandson according to some historians) Belshazzar gave the Jews no honor and no respect whatsoever. Under both of their reigns, God made an example of them to serve as an example of a future people’s opposition and disrespect of God and His people.
40 Master Fard Muhammad, Who is Allah in Person, wants to make it clear that He has chosen the American so-called Negroes to be His people. The truth that He gives to them and they, themselves, are sacred before His eyes and the world of the righteous. Showing disrespect to God and His people is inviting the punishment and doom of God.
41 A careful observer or seeker of truth of the time and history being made in these times can easily see how well the history of ancient Babylon, its rulers and its people fits in with the histories of the rulers and peoples of America and England.
42 America’s enslavement of the so-called Negro and England’s enslavement of people fit so completely with the history of ancient Babylon that it cannot be denied that the ancient history of the Babylonian empire and people was prototypical of America.
43 America wants everyone to believe she is right in her wicked dealings with the people of earth. With her might of arms commanding the high seas and the land around the glove, she wishes everyone to think she is right in building up arms and forts in foreign countries and on their shores a bristling, deadly navy with guns trained on foreign peoples’ towns and cities, as a dare without any cause. This only shows her pride and daring aggressive acts against people who would like to be at peace.
44 She has her feet standing on twenty or thirty million Black people, brought out of their native land and people — from their God and their religion — by her fathers and have forced them to remain under her feet of power for the past four-hundred years. She deprived them of the knowledge of self, the white race, their own people and their religion.
45 For three hundred years she did not allow them to worship any religion at all — not even her own religion of Christianity. She robbed them of their divine rights.
46 Now with her great show of temptation put before the same slaves and the world at large, she should not be surprised to see and feel the hand of God writing her doom on the wall of her government.”—-
1.)”FDIC Insured Institutions have $13.3 Trillion in Assets. 8,195 Banks and 116 Institutions Hold $10.2 Trillion of Those Assets. One out of Four Institutions Unprofitable. 1,000 Banks Will Fail or Merge.
Posted by mybudget360 in FDIC, banks, commercial real estate, debt, economy, government, i-banking, us treasury
0 Comments The banking system has taken the country to the financial edge of the greatest recession since the depression. The enormous number of bad loans floating out in the economy only complicates the unemployment situation. When we look into the latest banking data, we realize that over 1,000 of current banks will fail or merge with a too big too fail bank. In fact, the total number will be over 1,000 simply because the “not too big” to fail banks heavily bet on commercial real estate loans that amount to $3 trillion.
Recent data shows that approximately 25% of all the banks insured by the FDIC are unprofitable. That number tells us that some 2,000 banks cannot turn a profit. Let us first look at the current data:
This is probably one of the more telling charts. We have 8,195 institutions. 3,010 of those have less than $100 million in assets. 4,487 have between $100 million to $1 billion. 582 fall between $1 billion and $10 billion. Those over $10 billion? 116. This is incredibly disturbing and shows the monopoly that a few big banks have. 116 banks make up 77 percent of all total banking assets in the United States! So you can have the lower 8,079 banks fail and you wouldn’t even lose 25 percent of the total assets of the banking system.
To show you the heavy weight of commercial real estate loans in the lower rung of banks, take a look at this data:
For commercial and industrial loans the banks with the lowest assets seem to have the highest non performing loans. This is bad news since there are $3 trillion in commercial loans floating out in the market and the U.S. Treasury has already mentioned plans to bail these loans out. Bad news of course for the taxpayer but more money thrown to the bigger banks. It would seem that politically we are letting smaller banks fail to placate the public with bread and circuses while the big banks get the real money. You’ll also notice that the banks with smaller assets are also facing higher credit card non-current loans. Given that many of these banks are small enough to fail by our government standards, you can expect that many will fail in the upcoming months. The government seems to be following one path right now. That path includes protecting those 116 banks.
$13 trillion is a large number of total assets. It equates to approximately one year of our national GDP. The number is even more daunting when you realize much of the assets are secured by real estate. In addition, the 8,195 institutions employ over 2 million people. More bank failures mean more layoffs that will add to the already 26 million unemployed and underemployed Americans. But let us look at that balance sheet:
$1 trillion in non-farm residential loans
$535 billion in construction and development loans
$672 billion in home equity lines
$1.3 trillion in commercial and industrial loans
$398 billion in credit cards
Do you think these loans will do well in the current recession? But a more curious data point, in 2004 there were 8,976 FDIC insured institutions. Now it is down to 8,195. What has happened? The big banks keep swallowing up the smaller banks. Since 2004 we have 781 fewer FDIC insured banks. Not all these are failures. What is happening is that the banking sector is consolidating with the too big to fail. Did we not learn any lessons with the gigantic trusts in the early part of the 1900s? Monopolies are not good but it would appear that is our current philosophy. Let the small fail or be eaten up while the big banks are protected at all taxpayer costs. Recently, the FDIC started charging big and smaller banks, even those that were prudent higher fees because they need more money. More money to help the bigger banks not fail while closing the door on smaller banks. This is selective crony capitalism here. Lehman Brothers collapses yet Goldman Sachs remains. Now tell me, who has more political connections?
The number of problem institutions is steadily growing:
The FDIC has 416 institutions listed as “problem” banks. Keep in mind some of the biggest failures like IndyMac did not appear on this list. It is becoming clear that we may have over 1,000 bank failures since it has little consequence in the total asset size of the banking system of the country and our government seems set on protecting the big banks only.
So far, the non-current loans are growing at a steady pace. This chart does not look like a green shoot:
Over $300 billion in loans are currently non-current. The trend is still heading higher. So the obvious conclusion is more money is going to be launched at banks. Until we start seeing stability in this area we can expect more and more banks to fail. The banking sector posted its second quarterly loss in the last 18 years:
I find the Q1 data incredible. The only way banks turned a profit here was because of the trillions in taxpayer bailouts. This is where your mega banks started stating they turned profits even though they had taxpayer handouts and suspended mark to market accounting.
The charts above tell us that we are going to see a large number of bank failures. Many of those commercial real estate loans come up for refinancing in the next few years:
Source: Zero Hedge
Now you tell me who is going to refinance an empty strip mall in Arizona? Some of these are going to have massive losses. Many banks are carrying these toxic mortgages at close to face value. As the months go along, we are going to become very accustomed to bank failure Fridays. Get used to it.”
2.)”Regulators Shutter Three U.S. Banks, Bringing 2009 Toll to 84
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By Dakin Campbell
Aug. 29 (Bloomberg) — Regulators closed banks in California, Maryland and Minnesota yesterday, pushing U.S. bank failures to 84 this year amid continuing fallout from the worst economic crisis since the Great Depression.
The Federal Deposit Insurance Corp. was named receiver for Affinity Bank of Ventura, California, Bradford Bank of Baltimore and Mainstreet Bank of Lake Forest, Minnesota, after yesterday’s closings, the FDIC said. Assets of $1.9 billion and deposits of $1.7 billion from the three banks were turned over to new lenders at a total cost of about $446 million to the FDIC’s deposit insurance fund, according to agency statements.
Regulators have closed banks at the fastest pace in 17 years and more are likely as losses mount from soured real- estate debt. A total of 416 banks with combined assets of $299.8 billion failed the FDIC’s grading system for asset quality, liquidity and earnings in the second quarter, the most since June 1994, the regulator said in a report Aug. 27.
Pacific Western Bank of San Diego will assume the deposits of Affinity Bank, the FDIC said. Affinity, with $1 billion in assets and $922 million in deposits, had 10 branches. Two, based in San Mateo and San Francisco, will open today as Pacific Western branches; the rest will open Aug. 31 under new ownership, according to the FDIC. The regulator agreed to share losses on $934 million of the assets.
Central Bank of Stillwater, Minnesota, assumed $434 million in deposits at Mainstreet Bank, the FDIC said. Central Bank will pay a premium to purchase Mainstreet’s $459 million in assets, with the FDIC sharing losses on about $268 million. Mainstreet’s eight branches will open today as Central offices.
Manufacturers & Traders Trust Co. of Buffalo, New York, took over the deposits of Bradford Bank, the FDIC said. M&T, whose parent counts billionaire investor Warren Buffett among its biggest shareholders, is buying Bradford’s $383 million of deposits and $452 million in assets. The FDIC is sharing losses on $338 million of assets in the deal, the regulator said.
Bradford is the second Maryland-based bank acquired this year by M&T, which bought Baltimore-based Provident Bankshares Corp. in May. M&T picked up $5.1 billion in deposits and $6.3 billion assets in the Provident deal, according to a company filing.
The FDIC insures deposits at 8,195 institutions with roughly $13.5 trillion in assets and reimburses customers for deposits of up to $250,000 per account when a bank fails. The surge in failures has depleted the Washington-based regulator’s deposit insurance fund, which fell to $10.4 billion at the end of June from $13 billion in the previous quarter, the agency said. The total was the lowest since 1993.
FDIC Chairman Sheila Bair said in an Aug. 5 Bloomberg Television interview that the agency will likely levy another fee this year to replenish the deposit insurance fund. The agency has already raised $5.6 billion through an added assessment and has the authority to levy two more before the end of the year.
The collapses of Bradford and Mainstreet brought down lenders with roots reaching back more than a century, according to their Web sites, a departure in a banking crisis that has seen failures concentrated among newer companies. The FDIC yesterday moved to address that trend, extending to seven years from three years the time new banks must maintain higher capital levels and face more frequent examinations.
The agency has brokered the 6th and 11th largest bank failures in U.S. history this year in Birmingham, Alabama-based Colonial BancGroup Inc. and Austin, Texas-based Guaranty Financial Group Inc.
To contact the reporters on this story: Dakin Campbell in San Francisco at firstname.lastname@example.org ”
3.)”1,000 Banks to Fail In Next Two Years: Bank CEO
Published: Thursday, 27 Aug 2009 | 10:29 PM ET Text Size By: Natalie Erlich
The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May.
“We’ve already lost 81 this year,” Kanas told CNBC. “The numbers are climbing every day. Many of these institutions nobody’s ever heard of. They’re smaller companies.” (See the accompanying video for the complete interview.)
Failed banks tend to be smaller and private, which exacerbates the problem for small business borrowers, said Kanas, who became CEO of BankUnited when his firm bought the bank and is the former chairman and CEO of North Fork bank.
“Government money has propped up the very large institutions as a result of the stimulus package,” he said. “There’s really very little lifeline available for the small institutions that are suffering.”
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This comes at a time when the FDIC has established new rules on bank sales. Private equity, for instance, would have to hold double the capital of their competitors in order to buy such an institution, said Kanas.
“This will have somewhat of a chilling effect on our participation,” he said. “As a result of having to keep higher capital levels, we’ll see lower prices coming from that sector.”
Of the 81 failed banks this year, two have been successfully acquired by private equity, he said. Kanas’ private equity firm bought UnitedBank, the failed Florida-based bank, from the FDIC in May. Regulators also allowed the sale of IndyMac Bank of California earlier this year.
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“We are seeing more people step up and lobby bids in this situation,” he said. “We’re seeing more players mostly as a result of being attracted to the sector. I’m not so sure that will continue now that the rules have been ratchet it up.”
Meanwhile, much of the commercial realty problem resides in the regional and small community banks, said Kanas, because larger banks haven’t fueled that sector in the past.
“The market is expecting about the way we were expecting,” he said. “Unfortunately, we’re not seeing any evidence of a recovery in the real estate market in the southern Florida market,” he said.”
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