The daughter of Babylon(America) is close to economic death!

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Greetings,

    With more and more economic & financial dominoes falling hourly, we get a clear picture of the true environment and situation that America is now facing. Everything is falling down. It is becoming untenable for the people and their government.

 America most definitely fits the prophetic scriptures of “Babylon the Great”! She too is under a very similar judgment. In other places in scripture she is referred to as the daughter of Babylon…” 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.

   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.”

   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.”

   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.

   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.”–pg.140(tfoa)

   If You Want To Know Why Things Are Falling Apart, Look At Total Debt

  Source: www.zerohedge.com  

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

We are in a long-term trend where additional debt undermines the system as the positive returns on that debt turn negative.

 
Want to know why things are falling apart? Just look at our soaring systemic debt and the diminishing returns on that debt. Our Chartist Friend from Pittsburgh has assembled a comprehensive series of charts on systemic debt (called total credit market debt in FedSpeak) that starkly illustrates the diminishing return on more debt:
 
If Cash Is King Then Credit Is God
 
Take a look at total credit market debt and gross domestic product (GDP), year-over-year: notice the correlation? Recall that defaults and writedowns of bad debt remove debt from the ledger, so in an era of deleveraging, new debt must exceed the writedowns of uncollectible debt to actually increase total debt.
 
 
Here is total credit market debt and velocity of money, year-over-year: the velocity of money is a measure of how fast money changes hands. In a robust economy, for example 1987 – 1999, the velocity of money is high. In recessions, it is low as fiscally prudent people and enterprises hesitate to borrow and spend.
 
 
It’s easy to confuse trends and cycles. The Keynesian Cargo Cultists believe that we’re in a cyclical downturn that can be “cured” with more debt-based spending, i.e. worshiping their false god of aggregate demand. They cannot comprehend that we’re not in a business-cycle recession, we are in a long-term trend where additional debt undermines the system as the positive returns on that debt turn negative.
 
I recommend studying the entire series of charts for more insight into this trend: If Cash Is King Then Credit Is God.
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