Is it Time for Malta to Endorse a 100% Gold Standard?

1. The Currency of Sovereignty

We must begin by asking a simple question, yet a very dangerous one indeed: “What is money to a nation?”

Is it merely a stamp on a piece of paper, a number that flickers across a digital screen, a mere convenience of exchange? Or maybe, is it something older, harder, more binding (a covenant of trust itself), the crystallised memory of work, the shared measure by which a populace keeps faith with itself across time? As Menger taught us, saleability precedes authority. Money arises not from decree, but from discovery — and sovereignty without monetary command is mimicry, a mask over dependency.

Carl Menger whispers to us an unromantic truth – Money is not invented by decree. It is discovered. It is a social institution that emerges because some goods are more saleable than others. Men and women, trading in the dust, noise, and chaos of markets, select the medium that travels best across hands and years. No parliament composed that melody; Civilisation learned it by ear. When I remember this, I see the first error of our age: mistaking political ink on a piece of paper for economic reality, and to call the edict “money”, while treating the market’s discovery as “primitive nostalgia”.

If money is discovered rather than manufactured, then the state that monopolises it, also monopolises the power to distort the very language by which prices speak. It violates not only prudence, but truth. Truth in weights, promises, exchange, and a nation that lives by these untruths in money will soon live by untruth in everything else.

I turned my eyes on my homeland, Malta. In 2004, we entered the European experimental project that was everything but European; in 2008 we surrendered our coin, thanks to Political manipulation and their art to deceive the entire population.

Since then, the ECB’s pen has been out metronome, our cycle, our weather. Hirschman would remind us here: dependency is leverage. The more asymmetric the ties, the more our pulse belongs to another’s hand.

I ask myself, “can a population remain sovereign when it no longer owns the unit that measures its labour, stores its savings, and preserves it’s value?”

We legislate in Valletta, but our money bows to Frankfurt, and Frankfurt to the international financial institutions. We vote here, but our balances rise and fall to the priorities and agendas of others. This is not a conspiracy theory at all! It is our very own structure itself, “protected” by puppets, and weaponized against us by the puppeteers.

We learn from Albert O. Hirschman, Edward Luttwak, Kathrine Barberie, and many others about such a structure.

In trade, supply, technology, and finance, dependency creates leverage. The one who controls the indispensable nodes of ports, pipeline, payment systems, currency, telecommunication, etc., – does not need to shout to command. He only needs to hesitate. A pause to clear our throats is faster than an order. Malta, joined by treaty to a currency we do not govern, lost a very strong currency in the process, and became dependent on the very organ that pumps value through our economy, depending on what they themselves value and not the other way around; and this includes the demands how they want our societies to evolve and become. We are vulnerable not only to policy but to policy’s priorities. These priorities are set by demographics, geopolitical diverging interest, mismanagement of funds allocation/s, coalitions, and crises far away from our shores.

But I ask myself, “Is this not the price of belonging into something artificial?”.

To answer this question, we need to wear the right lenses. I do not look through a progressive, socialistic, utopian lenses; but through Right-Nationalist-Libertarian lenses! Through those lenses, I see three claims that must stand together or not all:

Realism – A civilisation survives by order, hierarchy, and limits. By telling truth as it is, even when truth constrains. Morgenthau and Luttwak confirm this: realism is survival arithmetic, not moral fantasy.

Nationalist – A population is not a crowd. It is a continuity that bridges the past, present, and future, by race, ethnicity, blood, memory, territory, share genetic experiences, tongue, etc., striving to persist its survival.

Libertarian – Property and private action requires an honest measure. The state must protect the boundaries, not invade the ledger!

If these claims are real, then the question about currency is not technical, but rather, a civilisational one. A nation without monetary self-command becomes a tenant within its own house, where you can move your furniture, but you cannot move the walls or open a window.

The argument here is not to indulge in a romance towards autarky. Malta is small for that anyways; Malta needs to trade, or it will collapse. However, there is a striking difference between trading by choice and depending by necessity. The former is a handshake, while the latter is a leash. When external institutions have the power to dilute the unit that every Maltese family uses to save for a first home, feed their children, live in humane conditions, set aside for their pension plan, etc., when external priorities can cheapen the wages, while raising prices to the roof! I do not call this integration or progress, but rather, an abdication disguised as “sophistication”.

Therefore, here, the question deepens and bring fort the answer that money is a boundary. Not only a boundary between yesterday (work), today (wage), and tomorrow (savings), but between us and them (top decision making). The right to coin is the right to remember. The right to carry forward yesterday’s value to today and tomorrow, without asking permission. When that right is outsourced, the memory and unity of a population can get re-written by others (as we can current see and feel in our contemporary hostile environment that was once called our home). Prices wobble to cycles we did not choose or vote for; credit tides wash in and out according to storms we did not form; our youths read these tides and quietly leave. Sovereignty does not always fall with a crash. Sometimes, it drains away interest-free basis point. A point at a time.

I ask myself, “Is there no safety in this scale?”

Hirschman, Barberie and others, argue that asymmetry matters more than size. The small may be secure when interdependency is balanced. It is insecure when the terms of interdependence are set elsewhere.

In a multipolar world, money is not neutral plumbing – it is a statecraft. Sanctions, payment rails, settlement protocols etc., are all levers. Those who own the levers do not need to debate our laws or our people to shape our lives; they simple impose, and all they need is simple adjust the misery through friction on our transactions.

Another question arises here, “What is Sovereign money for a small nation?”

It’s not a license to print money out of thin air in a delusional manner at home! It is not a toy for demagogues. It is a discipline we choose, by refusing to buy calm today by mortgaging tomorrow. It is insistence that the measure of our work will not be quietly thinned out to serve someone else’s political convenience. It is, in the simplest words – The right to keep faith!

Menger insists that money’s strength lies in what men already believe about its qualities. Durability, divisibility, recognisability, saleability, stores and preserves its value across time; and no these aren’t slogans, and it’s an insult if you think of them that way, as they are the properties of money itself! The same money that you sell your time for, and through it, you survive life itself. When a state ties its unit to what civilisation already trusts, it submits to reality in order to protect its people and its interests. When it cuts the tie and call the cut “modernity, progress, some sort of divine blessing from God himself” etc., it elevates will over truth, and sends the cost bill to savers, families, and the unborn.

I am said to be old-fashioned by the pro-inflationists, but maybe, families are old fashioned too. So is inheritance! So is the production/ servicing of valuable good/ services! So, yes, the idea that a contract is made in good money, both should still make sense twenty years later. Right-Nationalist-Libertarianism demands that we defend both our borders, but also our free people; both depend on a stable measure. Without such stability, the border leaks capital, and freedom shrinks to the equivalence of the guess of next month’s prices (as you can witness all around us).

Here, I do not seek to decide on a model, but rather to set some terms. Our problem is not whether money should be “independent” in an abstract sense. Our problem is whether Malta can survive and remains Malta when its life is dependable on someone else conveniences. A sovereign nation may choose alliances, anchor, parity, etc., yes., and choose it must, however, if it cannot choose, it is not a nation. It just a mere term used to deceit the population, a pawn in someone else’s chessboard.

To answer the original question in simple language, money is the nerve of sovereignty. Lose it, and you become paralyzed. It is the instrument by which a population stores and preserves its past, prices its present, and purchases it future. To misgovern it is to lie to the deceived and the manipulated; to outsource such a vital element to you nation and people sustenance without safeguards is to forget. We shall not forget an important element in human history. And we should not ask families to build houses and a future within the nation, businesses to plan, or children to hope on a medium of exchange that melts in silent obedience to political and institutional abuse/s.

We will trade and we will cooperate, but we shall not do so commanded through our coin. This shall be the beginning wisdom for very small nation. Hence, why it must be the currency of our sovereignty. Anchored in reality, guarded by law, and beyond the reach of fashionable ruin by political incompetence.

2. The Moral Question: Fiat as Injustice, Gold as Justice Here, we must face the moral weight of money, since money is never neutral. Is it either a covenant justice or a machine used for quiet theft! And by now, we all are used to, to the point that it became dangerously normalised for the engines to roar, while everyone pretends that they don’t hear it!

We obviously cannot say that we were not warned by Hayek, Mises, Rothbard, and others, about the fact that fiat money is not wealth, it’s a mere dilution of wealth. Friedrich List had given it another dimension from his nationalistic spirit – when money is debased, the very foundations of productive sovereignty are corroded. Fiat is not merely too of a “monetary management”; it is a hidden tax without consent, it is an invisible shackle around our ankles that slows us every day, a siphon operated by the political class against the hardworking producing citizens. A weapon used by bankers to enslave the population by means of debts and inflation. Hayek warned that the ‘denationalisation of money’ was not liberal eccentricity, but the restoration of justice against manipulation.

You have to think of this from your everyday life – a middleclass family that saves diligently monthly, the small business owner and the sole trader that lives next door, all the craftsman that you know from your town, none of them can access the freshly minted credits that pours from central banks. That privilege belongs to those closest to the spigot – governments, financial institutions, wars, pharma, and other politically connected corporations. By the time new money tickles down to the population, prices would have adjusted significantly upwards, and we must pay the cost for the credit money used and enjoyed by such industries. The savers in fiat buys less bread, the worker’s wage is not sufficient anymore – it buys less shelter, less food, less culture, less offsprings, less education, less medicine; the pensioner’s reserve evaporates quietly into thin air, as if they never saved anything before; forcing them back into the labour force to survive! This is not “stability”; this is a legalised expropriation!

As Rothbard puts its nicely in its exact nature “Inflation is theft”. Mises called it more seriously, a policy of deceit. But we can all agree that this is outright betrayal to the hardworking citizen by the very institutions meant to protect him. When the state debases money, it does not only weaken purchasing power; it severs the bond of trust between labour and reward. The message it whispers is corrosive: “Your efforts today only serve a master’ agenda and yours is worthless by tomorrow. Your prudence will not be honoured. Your sacrifice will not endure”.

If we had to contrast this with gold, Gold does not make promises – it is by nature. A gram today is a gram tomorrow, irrespective of rhetoric or decree. Gold cannot be inflated by ministerial speeches or fiscal emergencies. It resists corruption in the same way it resists decay – it is nature’s refusal to bend to politics. That is why for centuries, people returned to gold – its not a superstition, but because it is the only monetary material that enforces honesty. As Rothbard sharpened it: inflation is not economics — it is theft by monopoly privilege.

We are also reminded by this by Buchanan and Jordan, that property rights mean nothing if the medium of property itself is unstable.

What is the right to own land if the loans floats on a currency that melts?

What is the right to save if the unit of saving can be manipulated away at will?

Justice in political economy begins with the integrity of the medium. Without it, all other rights are imagined fantasies. Buchanan was clear: property rights without stable money are castles built on sand.

This is where the lenses of Right-Nationalist-Libertarianism gives out clarity:

Realism because justice is not arbitrary. Thus, it requires a stable standard that does not change with moods.

Nationalist because people cannot survive if their labour and savings are drained year after year to subsidise outsiders or foreign interests or corporate priorities!

Libertarianism because true liberty cannot be possible if the fruit of one’s labour are silently confiscated through inflation.

If we take a look on certain local medias, they had reported that the median wages are around €1,200 – €1,500 a month, yet property prices for a modest apartment (excluding the ownership of the land and without privacy!) is pushed up to circa €280,000 and €300,000. Saving accounts earn you nothing, while the ECB quietly chips away of its value through inflationary policy. This is not a neutral inconvenience. This is structural injustice, created with the very blood of our economy.

The question we must ask now is “what does gold has to offer against this tide?”

The answer is, Gold offers loyalty and refuses to betray (even if mixed with copper or other metals or simply chipped – It will be known immediately at face value). What we earn, we keep. What we save is preserved and passed on. The weight cannot be betrayed and melted by parliamentary decree. It does not erode with a mere signature.

It tells people “Your labour is valuable and has a meaning. Your prudence has permanence. Your sacrifice will be honoured.”

When we defend gold, we are not defending a mere metal. We are defending the right of every citizen not to be defrauded by his own state. We are defending craftsmen, SMEs, and sole traders, who want their week’s efforts to hold its worth. We are defending families that saves up for a home without finding their saving diluted by political design when they are about to use it. We are defending the old couple that wish to pass on their patrimony without watching it being eaten away by an invisible hand, forcing them back to the labour force to make days-end meet.

3. Menger’s Lesson on the Origins of Money and the Discipline of Reality We must now be honest with ourselves and ask a dangerous question, “what is money really?

As Menger had told us, money emerged spontaneously, naturally, because men and women in markets needed a medium of exchange that was durable, divisible, transportable, recognisable, a store of value, and preserves its value over a long period of time. They work, and because they worked, civilisation chose them, again and again, irrespective of how many forms of monetary experiments were conducted over millennia and failed. Hayek saw through this myth of ‘neutral money’: every injection alters relative prices and corrupts the structure of production.

This is the fundamental truth that we forget. Gold was not chosen by law; it was chosen by time. No one needed to be commanded to trust it. It became money because reality had revealed to men its qualities, and men respected what they could not counterfeit.

Then came the arrogance of modern fiat states because central banks and the money creators are behind them. Hayek warned us about this illusion that uses the myth of “neutral money”. As if a piece of printed paper, created out of thin air, can function as though it were the same as the commodity money that civilisation discovered. Money is never neutral and when states calls fiat “neutral”, it makes us ignore the fundamental fact that someone always benefits first – Politicians, banks, wars, pharma, insiders, close corporations, etc., while they milk the cow like there’s no tomorrow (receive money), by the time some of it falls to us, prices would have already risen and we start pay the cost for credit used by others.

This is why fiat currency is a dishonest currency, masked up as progress. Its promise decays, gold doesn’t. Selgin’s praxeology reinforces this: illusionary neutrality is an error — money’s integrity is axiom, not choice.

So, to answer our question; It is not a theory, nor an invention, nor a mere slogan for political manipulation. It is the most saleable good chosen by generations for millennia, and this good has been used for millennia to take mankind out of the monetary misery that they would have created themselves. To leave this for fiat is to exchange truth for illusion, permanence for decay, and memory for manipulation.

Money is not whatever the state declares upon us at gun point. Money is what civilisation recognise. And if we wish to remain within reality rather than sinking deeper into illusion, we must ground our lifeblood, our time, our energy, into something that endures, and not in the ink and lies of others.

5. Historical Precedents for Small States on Gold If we listen closely to history, it whispers a power truth which is often ignore – Small States survive not through size, but through credibility. We do not command large armies. We do not have endless resources, however, in Malta’s case, our primary resource is our trades skills specialisations that will soon get extinct by political design to increase Malta’s dependency and forces the destruction of our organic society. What we have, or to lose, is trust. And the visibility of such trust is seen in money itself (hence, why they destroyed our trades skills to open the doors to cheap labour and dependency).

Lets start by looking at Switzerland first. Before, WW1, Switzerland had no empire, no ocean navy, no colonies. What it had was credibility. By anchoring its currency to gold, it cultivated a reputation for soundness, stability. Even when bankers and financiers, financed the destruction of old Europe, Switzerland stood as a safe have. Capital flowed because it was disciplined. Hirschman would call this asymmetry leveraged into security — trust itself became power.

Hong Kong is another interesting lesson. While its system was not based on pure gold, it had a currency board tied to external anchors. Still however, this credibility allowed it to shield itself during regional crises. Investors, traders, and savers knew the rules would not be bent for political whim. Thus, during the era of instability, Hong Kong endured because it refused to counterfeit trust.

Liechtenstein is much small than our Malta, yet it still shows us the same law on a much smaller scale. It did not defend its sovereignty through force of arms, but by making itself a model of predictability. Fiscal discipline, legal clarity, and credibility were its armour. Size mattered less than trust.

Let’s now look at Singapore. A small island, vulnerable on every map, but possess an iron clad Will to not drown in mediocrity. From its first independence day, it refused to be seduced by monetary populism. Its monetary authority chose discipline over applause. Stability was not an accident; it was the founding foundations upon which growth became possible. Today, Singapore is giant due to its credibility. Luttwak’s warning against turbo-capitalism fits here: discipline protects small states from volatility.

The pattern is unmistakable. Small states survive and prosper by anchoring themselves in truth. They understand what Kevin Narizny points out in his grand strategic framework that the survival of a ruling coalition depends on aligning its fate with the productive capacity of the nation. When elites tie themselves to stability, they endure. When they gamble with illusion, they fall.

In turbo-capitalism, Edward Luttwak warnings are still very much relevant here. In a world of volatile global flows, speculation, and sudden capital strikes, the small state cannot compete by scale. It competes by credibility. The nation that cannot be bribed by cheap money, the economy that cannot be swayed by speculative madness or perpetual governance, the currency that cannot be diluted by panic and/or emergencies, are the nations that survives.

From here, Malta can learn that gold is not nostalgia, but rather a precedent. It is a proven shield of small states that anchors their fate in credibility rather than illusions. In a century of turmoil, Malta will not survive by pretending to be larger than it is. Narizny reminds us: coalitions tied to stability endure; coalitions bound to illusion decay

7. The Austrian-Nationalist-Libertarian Synthesis: Productive Sovereignty Now it time for the Portellian thought mixture that binds different thoughts into a single doctrine of survival.

The Austrians thought us that when credit is cheap, production is distorted. Artificially low interest rates do not stimulate prosperity – they mismanage it and misdirect it. This forces capital to be drag into the realm of speculation to appease short-term projects; this will turn finance, property, resources etc., into a bubble that will collapse under their own deadweight (illusion). Mises thought us that the boom is not real growth, its just a mere seed of the bust. Hayek sharpened his arguments and thought us that when the price of credit is falsified, the structure of production itself is bent out of shape (post-elastic limit). And the middle class wages and savings will not be able to keep up, as a result, they will become the silent victims of this monetary intoxication. Mises exposed the boom as a seed of bust; Hayek showed how falsified credit bends the production structure until it snaps.

While List’s teachings were written in a completely different age, core concepts are even more relevant in our contemporary, and he did offer us a path, as a antidote against the Fiat madness! A nation’s sovereignty lies not in the endless borrowing of foreign capital, but rather, in the cultivation of its domestic productive power! It is factories and workshops, apprenticeships and skills, farms and ships, the secure independence. Import are not evil in their own nature, but dependency is suicidal. True wealth is not the pile of paper claims but the capacity to produce, to feed oneself, to arm oneself, to sustain one’s population without begging 3^rd parties for permission and/or assistance. For List, sovereignty meant productive independence — not debt as leash.

Now its time for survival. Its time for the Portellian balance. The small state must be strong, but only where it guards the nation’s existence – In defence, integrity of money, preservation of our identity (race & ethnicity as well) and worldview (as articulated by Wilhelm von Humboldt), defending and preserving our culture and language, shielding strategic sectors and labour that if lost, we will transform into a vassal. However, within the economy itself; our daily bread and butter, the works of the artisans and craftsmen, the risks of entrepreneurs, the protection from collapse of specific industries, etc. – The State must be restrained! It must not suffocate us with bureaucracy, distortion of the market under fiat illusion, or distorts the labour market and its wages through importation of cheap labour and further distorts the market’s pricing signals due to the invasion to manipulate the market’s demand and supply!

The State must guard the walls and ONLY THE NATION BUILDS IT’S CITIES! Humboldt’s vision ties here: without culture and language, the nation’s economy becomes soulless calculation.

This is call “productive sovereignty”, where the savings of the middle class are preserved in honest money.

The entrepreneur, craftsmen, tradesmen, and sole-trader allocating capital without fear of inflationary theft.

The productive will be anchored in Maltese skills, expertise, soil, capital, and outlawing the endless importation of cheap labour or speculative growth to encourage consumption!

It is sovereignty build upon arithmetic.

In the end, sovereignty is not a merely a theory. It is the alignment of labour, security, savings, and production with the independence of the nation. Portellian thoughts seeks to teach about this crucial balance, which is not an ideology perse, its simply survival for a small nation given form.

9. Family, Home, and Inheritance Under Gold: The Four-Child Household Money is the lifeblood of a nation, but the family, it’s the beating heart of the Nation itself. And if our Malta is to survive and stay true to its roots, not as a tourist brand, not as a tax haven, not as the land of the finance and gaming, but as the Maltese People, then, its obvious that the next question of money cannot be separated from family and inheritance.

Under the curse of fiat currency, every newborn, i.e. every born legacy of our continuation of who we are, is being felt like a financial risk. Young couples looks at their wages, rent, loans, soaring basic goods and services, national security, and schooling, and they become hesitate to act. One child is the most common, Two children – maybe?; perhaps three, if fortune similes upon the couple, but rarely four. And yet, the arithmetic of survival is merciless:

1. One Child – The line ends.
2. Two Children – They are a mere replacement of the parents, and even this is detrimental, when many remain childless.
3. Three Children – A buffer zone to ethnic extinction, but still not security. As the third child, will be a compensation for those couples with only one child.
4. Four Children – This is the minimum threshold to avoid extinction and reserve the artificial manmade decline of our people, where the nation begins to grow again. Four is the minimum because it offsets the demographic loss from childless couples and mortality drift.

Many will think and will believe that this is an ideology. But in reality, it has nearly nothing to do it with it. It’s simply demographic statecraft (Europeans are less than circa 680million people from a global population of 7.8billion. Only we Europeans are at a risk of racial extinction).

In here, we can now enter gold’s power to achieve stability. Under the gold standard, family budget becomes simpler and predictable. Savings keep their worth, loans remain stable, food and basic needs are not subject to state approved stealth theft by means of inflation. A single wage can cover all the essentials and needs, while a second wages, if the family chooses it, it becomes a choice and not a forced act of a desperate necessity! Stability now will transform childbearing from a risk into a national, racial, and ethnic duty; a responsibility to who we are!

Stability alone, however, is not enough, especially during the first periods of its implementation until the equilibrium is reached once more. Therefore, the state must reward indigenous Maltese who carry forward our civilisation. Thus, a progressive children’s allowance is now possible, designed as a national investment:

• One child: €3,000 per year (€250/month)
• Two children: €4,800 per year (€400/month)
• Three children: €7,200 per year (€600/month)
• Four children: €10,800 per year (€900/month)

Over and above money, we are humans, and it is our human right to grow our own children ourselves, NOT the childcare centre and definitely NOT THE STATE!

Therefore, a two full years of maternity leave must be granted to the parents (they can choose who and how they will split them), so they can raise their child with their own hands, in their home, not in the shadows of a day-care necessity or financial panic.

Our property will also regain its meaning. Under fiat, homes became an object of speculation, a mere commodity stripped of intimacy, size, comfort, private property rights, privacy, land, and more! Simply, small cages big enough to sleep, eat, wash, and go quickly to contribute to the precious economy the next day! The very same system that enslaved us and destroyed our home and society!

Under gold, properties will return to their rightful form: patrimony! The terrace or townhouse will no longer be a merely building, but a vessel of inheritance – an identity echoing our very own national social soul – stone and soil, memory and pride. All passed down intact and loyal to our roots from one generation to the next. A real inheritance, not a debt-ridden illusion.

Thus, emerges the four-child family household – steady and stable budget, proud in their home, confident in their savings and future within the nation itself. This is not Utopia – as many of you were lucky enough to live under this system! It only fell in 1971, when Nixon wanted to go to war and he had to remove the Bretton Woods agreement. Thus, this is arithmetic – survival made possible by honest money.

In this model lies Malta’s fate. We either restore our organic family nucleus of nationhood, or we will simply get vanished into the statistics of extinction. As Wilhem von Humboldt observed, “the inner form of a language … reflects the manner in which a particular body of men regards the world about them” (On Language: On the Diversity of Human Language Construction and its Influence on the Mental Development of the Human Species. 1999 [1836], p. 60). Once that form perishes, the worldview of the people cannot be revived by words alone.

And here lies the truth: when a nation’s worldview is extinguished, when its family hearths fall silent, there is no resurrection—not in a hundred years, not in a million hells. What dies is not only speech, but the very soul of the national populace. Hence, why the national social soul must be defended by any means deemed necessary to ensure our continuation of who we are. Humboldt’s truth is plain: when the worldview of a people dies, it cannot be revived by slogans. Gold gives families the permanence to resist that death.

10. Fiat + Cheap Labour + Property Speculation = Collapse of the National Standards of Living Fiat currency is an illusion. Its equivalent, or more likely, its twin, is cheap labour. They walk hand-in-hand, feeding each other, disguising decline as “growth”! Fiat prints money, cheap labour supplies bodies, and property speculation coverts both into mere deceptive figures designed to manipulate the untrained masses, by giving them the impression that looks like prosperity, but taste like extinction of who they are and the collapse of their nation!

Let’s look at Malta’s GDP. But first, what is this word GDP that is constantly used and tossed around by politicians?! This is dependency economics masquerading as growth — a mirage that counts heads but ignores hearths.

GDP is the grand total of the nation’s finished goods and services, expressed in money. It is the arithmetic of what a society has produced to meet its wants and needs, before questions of justice, morality, or sustainability are even asked. In a nutshell, GDP is basically the total value of all the final goods and services a country produces in a period of time. Taxes are part of those values, but GDP is about production itself, not just what government collects.

So, look at the GDP of Malta. Is it rising? Yes, but on what foundations is it rising? On the annual importation of thousands upon thousands of third-country nationalists per year, flooding sectors from health care to construction, to hospitality, to clerical work, to tradesmen, to IT, you name it! Forcing our people to flee for a better life. Such action itself, is an action of a cold genocide being committed on us basically! Hence, why this is not a strategy at all! This is purely demographic replacement masked as economic growth! Politicians boast about their expansion with their partisan incompetent voter base, while the streets whisper the truth – Wages are stagnated, housing costs are hyperinflated and unrealistic, and our youths, our future, our lifeblood – are force to flee their only home in search of dignity, decency, a home, and a life abroad. Malta is losing thousands upon thousands of it’s real young heirs, not through war, not through famine, but through the environment created by our own state’s policies, designed specifically to replace us (the mundus operandi of their fantasy economy model proves this in action) that quietly, he filled their hearths with hopelessness, by pricing them out of their own homeland. Again, there is not actual physical force at play, just indirect force. Hence, why it falls into the category of a cold genocide!

Both cheap labour and fiat currency had mastered the art of deception. The state rapes the printing machine or “borrows” to indirectly force the population to consume; employers with the blessing of the state, imports thousands upon thousands of cheap labour to further force the suppression of wages and decent employment positions. Developers sees the artificial population growth of TCNs, as an opportunity to exploits the moment – inflate prices of cheap, valueless, unaesthetically pleasing architecture without identity and barely enough space to fit a family of four, to accommodate more people to serve the holy economy, and further shrinks the housing cages to fit more cages!

Two-bedroom apartment of somewhere between 80 – 120 sqm² sells at €280,000 – €300,000. These prices for young couples that earn €1,200 – €1,500, its called life conditioned and imprisonment for life, however, many will never be able to afford these little cages with enough space to sleep, wash, eat, and leave to serve the holly economy, as programmed by our own State. The State himself had ensured that the Maltese will be conditioned on how many children they can bare, by forming such an environment for them to achieve such restrictions without stinking with the partisan crowd! A family home was once a birthright, but thankfully, our State had turned housing (homing) into a mere casino chip, because his allegiance is with his holly economy – his precious corporations, and against both the Nation and the People he is meant to serve.

From what’s discussed so far, as a repercussion of it, a third accomplice evolves – property speculation. The prices of our land are no longer priced by the hardworking, dignified Maltese families, but the arithmetic of how many units can be squeezed onto a site. They shrink the quality to multiply the quantity. Shrinkflation and skimpflation were once considered concepts that where reserved to groceries; fiat extended it to the roof above our heads.

Apartments are developed smaller and smaller, materials used the cheapest of the cheapest, facades – ensuring the mass social depressions and anxieties, while expecting to further soar prices higher, while pretending that such apartments will be valued as a huge Terraced House with at least 4 car garage from 10-years ago! Our State had transformed our only home on earth from a family and Maltese people focus to a never ending churn of speculation fuelled by our state to further import TCN and inflates credits. With severe repercussions on both the Nation and the Population.

The results, as we can already feel, see, and experience on a daily basis, the collapse of our standards of living. Our wages are diluted by importation of cheap labour. Our way of live becoming more slavish by the day! Homes are stripped of any forms of national aesthetics, let alone mere basic beauty, by speculative trends. The wrong pricing signal are constantly giving out the wrong market pricing signals, thanks to the constant government involvement in every aspect of our life (then they fool the idiots that we are democratic and free!). Our families are reduced in size by economic fear, while the new imported State’s version of DEI-Maltese populace, birth more and more of their own people, instead of us; while forcing our real blood to flee from this prison island, leaving behind a state sponsored and promoted agenda to get furthered geared in motion, to demographically replaced us in our own homeland with the full-fledged invasion of TCN annually!

Obviously, this is only possible under Fiat currency, as it enables it, while cheap labour sustains it, and property speculation profits from it, while aids to destroy the national soul. Together, they destroy the very meaning of a nation. Hence why the state is a pro-inflationist and must serve the agenda imposed on him by the creators of money itself!

This is by far more deeper than a mere economic system, as this is a slow motion act of civilisational vandalism at its finest – a cold genocide by spreadsheet, conducted not with armies, but with the invasion of TCN quotas (while the state itself signs contracts behind the populace back without an ounce of transparency or democracy, like a true professional communist at heart), bank loans, and cranes.

The Gold standard will destroy this unholy trinity without mercy! Honest money will end the illusion of fast, short-term growth, with constant increase in dependency. Employers will not longer be able to import cheap labour. The State and the market will be forced to invest in Maltese skills, while they will be forced to produce good quality goods or services, or they will easily go bankrupt. Properties will cease to inflate on speculative credits, while these newly built cages will be forced to deflate exponentially. Real savings will get stabilised. And the demographic survival will regain its place above demographic substitution.

Collapse is not inevitable, but only if we recognise its mechanics. Fiat, cheap labour, and speculation form the unholy trinity of decay, each sustains the other, together they destroy the nation.

11. Ending Cheap Labour Importation: A 100% Policy Toolkit I am aware of the fact that in our contemporary, people criticise, yet they never offer a single decent remedy to what they are criticising. And a critique without remedy, in my opinion, its impotence. If both fiat and cheap labour erodes the nation, then sovereignty demands not only a diagnosis, but also the cure. Here I will sketch the Portellian Toolkit to 100% reorientate the labour policy towards dignity, sovereignty, stronger middle class, labour security, and demographic survival.

We must first start off by placing apprenticeships as the cornerstone. Any employer, local or foreign, large or small, who benefits from Maltese soil, must invest in Maltese skills and must employ Maltese and Europeans, or their industry will be forced to pay an additional 65% or 20% taxation per head (the former is applicable for TCN, while the latter is applicable for Mediterraneans), devoted from the employer side. Once this is cleared, no business will be allowed to expand its payroll without running an apprenticeship program or dual vocational training schemes. A mason, a carpenter, a shipbuilder, an engineer, you name it – each field must have an apprentice at his side, not an imported replacement of the Maltese people. Skill is by far more than just a mere labour. It is security! It is sovereignty embodied in human hands. Luttwak saw this global arbitrage clearly: workers reduced to casino chips, their loyalty auctioned abroad.

Secondly, we must target the wage floors and rising them above the median, but not the ceiling. If an employer lacks the necessary skills locally for a particular role, he must first search in Europe, and if that skill still lacks, then the law shall demand wages that are double the national median for that role, and secondly, he must train a local for that role in the process. Double-wage rule applies only for genuine skill shortages; not a licence for undercutting locals. If anyone imports cheap labour and pays wages lower than the Maltese to disrupt the market and pricing signals, a flat fine of €5 million will be applicable, and the business will be forced to be liquidated! – It must be dearer and it must kill their operations! This way, foreign labour can only enter to fill in real shortages, not to undercut our people to operate a business that without cheap labour the business wouldn’t even be operational. The globalist model of “labour arbitrage” – which Edward Luttwak warned us about, that turns our people into disposable units in a world casino, will be completely outlawed in Malta.

Thirdly, a full recall of all our blood, stolen by other nations for their own benefits at our expense! Our kins are not lost, nor forgotten. They are our sovereign wealth abroad that gained experiences and skill.

Therefore, Malta will craft policies that will bring them back:

1. The currency will be backed by gold, and if they return and establish SMEs, Sole trading, Artisanal, workshops, agribusiness, technology/ defence industries, dual use technology firms etc., will be granted favourable flat fees on loans, while enjoying the first 10-years without paying the fee. This will be followed by the attainment of a shadow baking license after 5-years of operations, with applicable T&C.
2. Ten-year property tax relief for those who return and occupy a home.
3. Fast-track recognition of qualifications and skills, so their skills will be immediately deployed within our market.
4. The State will also grant them procurement preference for returnee businesses, especially those within strategic and geo-strategic industries.

For us, the return of our blood is more than a mere statistics – each one of our blood returned means memory restored, blood reclaimed, a threat rewoven into the national fabric, and the recollection of our full national social soul. Hirschman’s logic of ‘exit vs voice’ demands this: we must turn Maltese exit into Maltese voice by recalling them home.

Labour sovereignty is the fourth principle. This has nothing to do with the liberal art of creating labels of something-phobia, simply because we do things arithmetically and not from their fantasy world. A nation of circa 350,000 indigenous populace cannot import over 20,000 TCN annually, while forcing by the thousands upon thousands the future of our nation to flee out of their homeland, by destroying their living standards, destroying their organic society and identity, keeping wages artificially low, distorts the housing market, distorts the market pricing signals, re-programming the populace worldview and way of life, while ensuring to enslave them by means of debts! Every permit for foreign labour is a political choice about who remains Maltese, who becomes marginalised, so they make enough room for their interpreted version of Maltese people. Sovereignty means refusing to disguise demographical collapse as economic growth!

The policy toolkit has to be blunt out of necessity:

1. Tax penalties and higher taxations per head, devoted from the employer side, to firms dependent on cheap labour importation.
2. Those firms that employs 100% Maltese and Europeans, they will benefit after 5-years from a granted shadow banking license to give out loans in gold to Maltese and European individuals only.
3. A Tax relief for firms investing in automation, ghost industries, upskilling the Maltese, and employing 100% Maltese people.
4. A national wage compression index, published annually, to monitor and punish deliberate wage suppression. (If an industry wants to operate by means of cheap labour that industry has no place within our market).
5. Urban planning tied to Maltese and European demographics, not foreign invasion.

This is how sovereignty must be understood in the 21^st Century. Not only at the border, but in the payslip. Not only in the army, but in the apprenticeship. Not only in defence policy, but in the wage packet of mason, artisan, tradesmen, the midwife etc.

A nation that abandons its labour security, abandons itself to stand on its own two-feet. The Portellian answer is simple: we will not! Sovereignty is not a slogan at the border; it is the dignity in a payslip and the skill in a craftsman’s hands.