"How you have fallen from heaven, O morning star, son of the dawn! You have been cast down to the earth, you who once laid low the nations! You said in your heart 'I will ascend to heaven; I will raise my throne above the stars of God; I will sit enthroned on the mount of assembly, on the utmost heights of the sacred mountain. I will ascend above the tops of the clouds; I will make myself like the Most High.'" NIV translation
This speaks to the fact that Satan was the fairest of the angels in heaven. The term "morning star" refers to the fact that the planet Venus appears in the heavens and shine brightly just before the coming dawn. Satan was created to be an angel of light but was cast down to the earth. Satan's goal on earth is seen in this passage as he wants to set up a kingdom on this earth where he can be worshipped in the place of God.
"But you are brought down to the grave, to the depths of the pit. Those who see you stare at you, they ponder your fate: 'Is this the man who shook the earth and made kingdoms tremble, the man who made the world a desert, who overthrew its cities and would not let his captives go home?'" NIV translation
Satan wanted to be worshiped like God but, in the end, winds up being mocked in hell. There are those who think hell is a place that Satan rules but it is not. It is a place of punishment.
"All the kings of the nations lie in state, each in his own tomb. But you are cast out of your tomb like a rejected branch; you are covered with the slain, with those pierced by the sword, those who descend to the stones of the pit. Like a corpse trampled underfoot, you will not join them in burial, for you have destroyed your land and killed your people. The offspring of the wicked will never be mentioned again." NIV translation
This passage speaks of the events in Revelation 19 where the leaders of the armies of Satan are killed while the religious and political heads are not. They are thrown in the fiery lake and Satan is bound for a thousand years.
"Prepare a place to slaughter his sons for the sins of their forefathers; they are not to rise to inherit the land and cover the earth with their cities. 'I will rise up against them,' declares the Lord Almighty. 'I will cut off from Babylon her name and survivors, her offspring and descendants,' declares the Lord Almighty." NIV translation
This passage speaks of the coming battle of Armageddon which will be fought in the Jezreel Valley (see Revelation 16). It is here that Jesus will defeat the armies of the nations (sons of Babylon). We see that "Lord Almighty" is the name of God that is given here. We are reminded that El Shaddai speaks of the fact that he is the only one that has the ability to supply. In this sense, Jesus is the only one who has the ability to defeat these armies.