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The Delphi Declaration
Posted By pcr3 On June 23, 2015
The Delphi Declaration — Paul Craig Roberts

The Delphi Conference on the European/Russian crisis created by Washington (my address to the conference is here: http://www.paulcraigroberts.org/2015/06/19/paul-craig-roberts-address-international-conference-europeanrussian-crisis-created-washington/ [1]) issued a declaration repudiating the EU attack on the Greek nation.

The Delphi Declaration asks the European peoples, especially the Germans, to do the right thing and object to the plunder of Greece by the One Percent. This appeal to good will is likely to fall on deaf ears even though the pillage of Greece will create a precedent that can then be applied to Italy, Spain, France, and even Germany.

The financial sector in the West no longer funds real investments in plant and equipment. So much of the US manufacturing economy has been moved offshore, and the lack of consumer income growth means that investment opportunities in the US are very limited. With the derivatives, leveraged financial speculation seems to have reached its limits. All of this suggests that looting countries in the name of settling their sovereign debt is the new road to riches.

The financial sector has turned to the looting of the public sector in the Western countries themselves. By destroying Western social welfare systems, as has happened in Greece, public revenues are freed that the One Percent can capture. In the US Obamacare is a mechanism that allows private insurance companies to loot the public funds assigned to health care. The examples are numerous, and privatizations will result in the demise of public goods, from health care, to education, to pensions.

The Delphi Declaration recognizes this and correctly warns the Italians, Spanish, French, and Germans that they are next on the list of countries whose public sectors will be plundered.

The leaders of Russia and China must be amused to watch Western countries consume themselves.

THE DELPHI DECLARATION
On Greece and Europe
By The Conference Participants
delphiinitiative [2]

DELPHI-Declaration150623.pdf