financial failures, the linkage with the fall of Babylon?

[g@gmail.com]

They threw dust on their heads and cried out, weeping and mourning, and said: ‘Too bad, too bad, the great city, in which all those who had ships at sea became rich from her wealth, because in one hour she has been devastated!’

http://washpost.bloomberg.com/Story?docId=1376-ODF7FR6TTDSM01-7QA47V5QO42GJEGPOG7D5D27C1

 

 The fall of South Korea’s biggest container line Hanjin Shipping Co. is similar to the 2008 collapse of Lehman Brothers Holdings Inc. and has materially impacted the shipping industry, Seaspan Corp. Chief Executive Officer Gerry Wang said.

Seaspan, the Hong Kong-based container-ship leasing company that has three vessels chartered to the distressed line, is evaluating all options and examining systemic risks resulting from Hanjin’s bankruptcy filing, Wang said in an interview with Bloomberg Television. In June, Wang had rejected Hanjin’s requests for charter-rate cuts before the shipping line filed for court receivership last month.

“The fallout of Hanjin Shipping is like Lehman Brothers to the financial markets,” Wang said. “It’s a huge, huge nuclear bomb. It shakes up the supply chain, the cornerstone of globalization.”

[Arauna]

The bible quote above has got to do with Babylon the great whose fall will bring financial woes to all sectors associated with her wealth.  There are socio-economic sectors associated with Babylon the great (world empire of false religion).  Saw this article earlier this week:

https://www.theguardian.com/world/2016/sep/15/us-religion-worth-1-trillion-study-economy-apple-google 

 

The global growth in exports by sea is slowing down... I wonder what South Korea did differently to China's export companies because the Chinese companies have weathered this slump in a better way....  Maybe the government of China is supporting their export industry- communistic system.  Also - China export to many different goods to many different countries - making their business less vulnerable (diversity).  I know too little of their companies to make proper evaluation. ... but this is an indication of more woes to come in the industry....  the bubble in the supply chain industry has had a burst.