X`fihhhaaa din? Asks Joseph in typical peasant accent.

There was, is and never will be an economic vision. We have gone back to the old mentally of construction.The Spanish thrived on this sector only to fall flat on their faces and needed a bailout.

Mintoff did not only beggar Malta – but, more than that, he buggered it outright.

The hofra gets deeper as Muscat tries to reach China.

A feature of these scams which people haven’t taken seriously enough yet is that they get drawn in by the illusion of gains and profits to be made, but they end up sustaining and feeding the system to the point of negative returns.

The people running the scams will have been the only ones to have pocketed. But these are not clean earnings.

Then, they will realise.

Ic-cucata hi, as they say, that we’re all paying for their choice to be selfish, even if we saw right through it.

Although Ciccio’s comment is very long, it is spot on.

Muscat has put another 4,400 people on the state payroll since he became prime minister, and a further 300 on the payroll at Air Malta. The tragic effect of this will be felt in around 2 years’ time.

If these people weren’t put on the public payroll, then we would be looking at record unemployment figures and not the other way round. Now what we are looking at instead is a rocketing public sector wage bill.

The Greek government had done the same thing, and to retain the votes of people they couldn’t employ they upped the minimum wage to €20,000 a year instead.

If the new power station is ready and running any time in the next two years, the largest consumer of energy – the government itself and the Water Services Corporation (which uses electricity to make water through reverse osmosis), will be buying electricity at sky-high prices, making it impossible for the government to reduce its spending.

The problem is that it will have no choice but to buy it, and the national debt problem will rocket even further. There is a multitude of other problems which the government seems not to bother about.

So your comment of ‘Cyprus here we come’ unfortunately is very true.

And wasn’t Greenspan but a stooge of the ‘New World Order’ cabal? Interesting year for the dollar next year. Seems like the ‘world reserve currency’ hasn’t been as good as gold, after all. And when all those treasury bills come roosting home, the Americans will not know what hit them.

That’s bad news for the euro, for it will be QE time, as Draghi has long been hinting.

Incidentally, tomorrow the Swiss will be voting on whether to revert to the gold standard. The No side is expected to win, but it is a harbinger of things to come.

Will people started differentiating between real money and fiat money? Will they spot the global Ponzi scheme?

Not a snowflakes chance in hell.

Well said, what you have aptly stated can easily be felt at ground root level, where customer spending has been exceptionally low.

All one needs to go is to speak to shop owners and supermarket owners. If Maltese are spending less on food and pharmaceuticals, than the situation is exceptionally worrying.

Utter idiots, il-kaxxa ta’ Malta kienet vojta. I am still amazed at how Prime Minister Eddie Fenech Adami managed to build the infrastructure in the dire financial situation Malta was in.