Greece Minimum Wage Cut Signals Deflation

A 22% cut in the minimum wage by the Greece government can signal only one thing, deflation, which is a sure sign we could see a Great Depression. The Greece government is telling us that there will not be enough money, or bank credit, in circulation to support the current minimum wages. If minimum wages are being cut, we’re being told that the banks plan on reducing the money supply.

This means that the money will be worth more. If money is worth more, everything else is worth less. If money is increasing value, the rich will become richer by doing nothing. Debts will become more expensive. The inputs into production will be more expensive than the outputs. There will be no incentive to invest, loan, and produce. There will be more incentive to do nothing if you have money.

What the European Union, IMF, and Greece government is doing is not only an outrage of theft, it is an outrage of pure absurdity and stupidity. How will the Greeks pay their debts when the IMF, international banking cartel, and the Greece government plan to make those debts of usury more expensive through the theft of deflation on the backs of the toil of the Greek people, who are largely not responsible for the debts, for the debts were negotiated between the IMF, the international banking cartel, and the Greece government, not the Greek people. The banks have the power to expand the money supply and cause inflation or contract the money supply and cause deflation. Deflation would only destroy any economy that Greece has. The European Union, IMF, and Greece government should be declared incompetent, of unsound mind, if not a cabal of thieves, for their proposed solution. It is economic genocide, an economic holocaust. The banks plan on completely destroying the Greek economy and enslave their people.

The banks own Athens. Burning down Athens is probably a justified response to the austerity program. If the international banking cartel and the wealthy plan to steal the fruits of their labor and destroy the Greece economy, the Greek people probably should burn down the fruits of their labor, or work towards taking it back from the  international banks. Instead of the usurers stealing Greece, and the Greeks trying to burn down everything the usurers plan to steal and destroy economically, Greece should consider a program of prosperity: monetary and land reform. Greece can serve as a model nation for the international banks, leading all of us into a new Great Depression, or Greece can serve as a model nation for the people, leading us into a new prosperity for all with monetary and land reform.

Greece should leave the European Union and print their own money, interest-free, to pay off their public debts and spend into circulation on public needs, like George Washington and Lincoln did, and as people like Milton Friedman and Thomas Edison proposed we should do. Greece should implement a 95% land value tax and end all taxation on the earned income of wages and real capital. Then, Greece should use the monetary expansion of their own currency and the land value tax to fund a citizen dividend, so that every Greek will have the opportunity to own land and work for themselves, improving the value of their toil and their real capital, rather than the value of the bank accounts of the idle rich, the usurers, the banks, and the landlords. I say landlords as a side note since the largest land owners are the banks themselves.

If Greece implemented a prosperity plan of monetary and land reform, Greece would not need minimum wage laws. If Greeks had the ability to own their own land, run their own businesses, work for themselves, and fully own the value of their labor, without it being stolen through economic rent and usury, their wages would increase in value beyond any minimum wage law and beyond anything the world as seen. If the government provided credit expansion and land rents were collected by the government and distributed to the people, we would see prosperity for all, rather than the banker and landlord. We would see an economic boom with no economic bust. We would see the end of national debts and the end of the business cycle. We would see sustainable prosperity for all.

May God help us. I lament for the Greek people with the economic holocaust brought upon them. The IMF, international banking cartel, the European Union, and the Greece government should be put on trial, without bail, and tried as the criminals they are, before they sweep the globe and bring such economic holocaust to all of us. They are a danger and threat to all people and the whole planet.