Man has not yet learned that the heavens really do rule.
Babylon has influenced and given its character to the times, yet the Gentiles have not always dominated. The last 200 years have seen the rise and domination of the Israelitish people, with their syncretism of Christian and Babylonian concepts.
God is preparing the world for the time of the end and the return of Jesus Christ, and it is possible that the "seven times" ended in 1982. The "seven times" are found by taking the sum of the numerical values of the weights in Daniel 5:25. The sum of those figures equals the number of days in seven prophetic years, that is, 2520 years.
The number of years from 539 BC (when Babylon was defeated—the tree cut down and the band put on, but it continued to live because the roots were still in the ground) till AD 1982 is 2520. The iron band may have then been broken. Its centralization in the Israelitish nations has dominated the world to an extent never seen before under the influence of the Babylonian system.
John W. Ritenbaugh
Prophets and Prophecy (Part 3)