Zombulation is a term created by the Institute of Alstrynomics defined as the point when one runs out of money and extinguishes all access to credit OR when the government taxes you 100% of your income and assets. In either case, you economically lose everything.
The private economy in America is DYING QUICKLY!!!!
Today Cravath, Swain & Moore Firm Asked Incoming Lawyers to Delay Start a Year!!!!
For years government has been growing as the private sector has been shrinking. A greater and greater percentage of private sector revenues came from government...WalMart(welfare, food stamps, unemployment checks), Defense, Health Care.....you name it.
Now the true private sector has become so small, without Ponzi like bubbles....there is simply very little money flowing out of the Private Sector to sustain a MASSIVE government sector.
Without government spending.....THE ECONOMIC SYSTEM AS WE KNEW IT IN AMERICA IS DYING VERY FAST!!!!!
The above is one of the largest law firms in America....and there is just no work for incoming lawyers.....slowing is happening at practically every law firm in America.....many partners are coming to work and twiddling their thumbs.....plus most of the law firms at this size generate a HUGE amount of revenues from government spending....SO IF GOVERNMENT SPENDING SLOWED...SO WOULD THEIR BUSINESS!!!!
California faces a similar issue......A HUGE PERCENTAGE OF CALIFORNIA'S ECONOMY SIMPLY COMES FROM GOVERNMENT SPENDING...
And now the private sector is simply not generating enough money to sustain California's massive government....at this point.....revenues are soooo low that it threatens a shut down of the entire state government unless a resolution comes forth.
Barring a miracle, California lawmakers will miss their June 15 deadline for passing a balanced budget -- a staggering challenge with the state facing a $24.3 billion shortfall amid the worst drop in state revenues since the Great Depression.
Gov. Arnold Schwarzenegger vowed Wednesday to let California government come to a "grinding halt" rather than agree to a high-interest loan to keep the state afloat if he and the Legislature do not close the yawning budget gap in coming weeks.
THIS TIME CALIFORNIA'S BUDGET IS MUCH BIGGER THAN THE GREAT DEPRESSION.
Soon the light will turn on in many of your heads and you will begin to appreciate Alstrynomics. We are running out of money in the private sector.....and government has grown so large.....that if we took every dime the private sector generated in profits....it would not be enough to sustain government since much of current private sector revenues actually comes from government.
Yes my friends, during the past 10 or so years.....the entire American economy has morphed into one big Ponzi scheme (Private sector borrowing money it didn't have generating profits for government and in turn government spending driving the private sector).....your government officials have known this for some time....so have foreign bankers......and same with Alstry....now you guys are about to leave the Matrix........it is my job to condition you so the shock won't kill you.
In the end.....ask yourself how small would our economy really be if the government stopped spending.....you will be SHOCKED by the answer if you take the time to carry it out fully.
The only solution is to equitably bankrupt the nation or your politicians and bankers will rob you dry and there will be nothing left for anyone except those who stole the money and left the country.
Remember, the other course of action is WAR of course!!!!! You think if Madoff could have chosen war....he might have thought about it instead of getting caught???