People
of the same trade seldom meet together, even for merriment and diversion, but
the conversation ends in a conspiracy against the public, or in some
contrivance to raise prices…
Adam
Smith. The Wealth of Nations 1776.
How unlucky can the
world get!
A G-7 meeting this
week in Canada that’s restricting all malodourous competition, and a meeting this
week in Turin Italy, of the secretive Lords of the Universe, the equally
malodourous secretive Bilderberg agents. No word yet if the G-7 have also
banned fans and mirrors.
But are the
Bilderbergers really going to slum it in a 4 star hotel in Turin? Fake news
perhaps to mislead the hoi poloi? The 5 star Venice Marriott looks more likely.
Picking trade war
winners and losers? How to slap down the new governments in Italy and Spain?
How to stop Brexit? How to block Russia
and China? There’s plenty of manure to
go round.
01 June 2018 - 23H17
Canada farmers asked to skip the manure at G7
OTTAWA (AFP) - Canadian
farmers in the Quebec region of Charlevoix, where G7 leaders are scheduled to
meet next week, have been asked to avoid spreading manure on their fields ahead
of the summit.
The aim is to make a good
impression -- in order to boost tourism -- on Canada's G7 guests and not expose
the leaders of Britain, France, Germany, Italy, Japan and the United States to
unpleasant odors.
But local lawmakers are making
a stink on behalf of farmers.
"We ask for your
cooperation so that the stay of our guests on our province is as pleasant as
possible," said a letter sent by Quebec's agriculture ministry to the
local farming association, seen by AFP Friday.
A long winter meant farmers
could not access their fields until last week -- later than usual -- to start
preparing the ground for seeding.
They are now being asked not
to spread manure from June 1 to 9.
"Asking farmers to stop
their operations puts their crops at risks," Andre Villeneuve, a member of
a Quebec opposition party, told the provincial legislature on Thursday.
Quebec's agriculture minister,
Laurent Lessard, shot back that the G7 presented a tremendous opportunity to
showcase the region to the leaders and journalists from around the world
covering the June 8-9 summit.
It's "an extraordinary opportunity
to present Quebec products," he said.
Canada's
2018
G7 Presidency
Countdown to the 2018 G7 Summit
Meanwhile at the acrimonious annual G-7 finance ministers
meeting that precedes G-7 “great leaders” meeting, it was six against one in
the punch up. How they must be laughing in Beijing and Moscow.
G-7 Finance Chiefs Condemn Trump Tariffs as Allies Rebel
By Andrew Mayeda and Yuko Takeo
Updated on 2 June 2018, 20:59 GMT+1
Group of
Seven finance chiefs issued a rare rebuke of a member nation, claiming U.S.
trade actions could undermine global economic confidence and threaten the
effectiveness of the Western alliance.
The
statement singled out the Americans, the largest and most important member of
the G-7, saying “decisive action” is needed at a leaders summit next week in
Quebec. The ministers requested that Treasury Secretary Steven Mnuchin
“communicate their unanimous concern and disappointment.”
“The
international community is faced with significant economic and security issues,
which are best addressed through a united front from G-7 countries,” Canadian
Finance Minister Bill Morneau said in a “chair’s summary” of the meeting in
Whistler, British Columbia. “Members continue to make progress on behalf of our
citizens, but recognize that this collaboration and cooperation has been put at
risk by trade actions against other members.”
Morneau’s
comments came after an acrimonious three days of talks -- with Mnuchin on the
receiving end of much of the frustration -- in which America’s allies protested
against President Donald Trump’s decision to impose tariffs on steel and
aluminum from the European Union, Canada and Mexico. With the trade dispute
triggering one of the biggest crises in the G-7 since the group’s formation in
the 1970s, frictions are poised to spill over into next week’s meetings in
Charlevoix, Quebec that Trump will attend. The group includes Canada, France,
Italy, Germany, the U.K., Japan
“It has been a tense and tough G-7. I would
say it has been far more a G-6 plus one than a G-7,” said French Finance
Minister Bruno Le Maire. The EU has threatened to retaliate with duties on
everything from American motorcycles to bourbon.
----At
his closing press conference, Mnuchin said that he’s already conveyed the G-7
message to Trump, who he said “has been very clear in wanting to address trade
issues.”
More
And at the real
meeting that counts this week, who is fixing what and why? Who gains this year,
who loses?
Bilderberg 2018 To Meet In Turin, Italy? A Surprise Announcement
UPDATE: The Bilderberg Media
Service responded on Feb. 13 with the following statement: “Kindly note that we
do not confirm the date and venue of this year’s Bilderberg meeting at this
stage. As in previous years, we will publish a press release including the date
and location, the discussed topics as well as a list of participants on our
website in due course before the next meeting.”
Months ahead of schedule, a
location and date for the 2018 Bilderberg Conference have been announced in an
apparent leak from an unexpected source — the nominally pro-western government
of Serbia. The timing of the announcement, however, coincides with a moment in
which western institutions are taking renewed interest in the Balkans.
Following Serbian Prime
Minister Ana Brnabic’s appearance last month at the World Economic Forum (WEF)
in Davos, Switzerland, Belgrade announced Brnabic had been invited to attend
the 2018 Bilderberg Conference. The conference is scheduled for June 7-10 in
Turin, Italy, according to a Serbian government press release.
The Bilderberg Group is an
organization of primarily European and North American elites from business and
politics. Bilderberg conferences take place annually at hotels or resorts in
Europe or North America, often in early June. The meetings are closed to the
public, and members of the press who are invited to attend do not report on the
conferences.
Critics of Bilderberg have
alleged the group secretly influences government decisions and even planned the
creation of the European Union and the euro currency. Additionally, the
Bilderberg Group has a reputation among some of its critics as a body of
kingmakers that catapults certain conference attendees up the political ladders
of their respective countries.
More
The
meetings are held under the Chatham House Rule, which states that participants
are free to use the information received, but neither the identity nor the
affiliation of the speaker(s) nor of any other participant may be
revealed. Thanks to the private nature of the meeting, the participants
are not bound by the conventions of their office or by pre-agreed positions. As
such, they can take time to listen, reflect and gather insights. There is
no detailed agenda, no resolutions are proposed, no votes are taken, and no
policy statements are issued.
The
2018 Bilderberg Meeting will take place from 7 - 10 June in Turin, Italy. A
press release including the list of topics and participants will be issued a
few days before the Meeting.
Bilderberg Group Reveals 2018 Meeting Date, Location
----The 2018 meeting will represent the 66th time the Bilderbergers have gathered. The group first met in 1954 at the Hotel De Bilderberg in the Netherlands—hence its name—with the help of CIA funds that were floated to nurture the early European Movement. The movement planted the seeds for the European Union superstate, according to Richard Aldrich, professor of international security at the University of Warwick in England.
The Bilderberg Group meets
annually at the world’s most ritzy hotels and resorts, surrounded by an armada
of armed private security and local police, for a closed-door, three-day forum
involving about 140 top corporate titans, technology gurus, select royalty,
central bankers, former and current intelligence officials, think-tank fellows,
and select reporters and editors who leave their ethics and notebooks at the
gate. The sitting head of NATO attends every year. Most attendees come from
Europe and North America.
The group is managed by a
31-member steering committee that currently includes nine Americans, including
Alphabet Inc. executive chairman Eric Schmidt, NEOM CEO Klaus Kleinfeld,
Palantir Technologies CEO Alex Karp, and Marie-Josée Kravis, a Hudson Institute
fellow and president of the American Friends of Bilderberg—which raises funds for
the group’s meetings but claims to be a type of charity in its Form 990 tax
filings—even though its “charitable” activities are reported as addressing
issues surrounding the transatlantic alliance.
More
The
statesman who should attempt to direct private people in what manner they ought
to employ their capitals, would not only load himself with a most unnecessary
attention, but assume an authority which could safely be trusted, not only to
no single person, but to no council or senate whatever, and which would nowhere
be so dangerous as in the hands of a man who had folly and presumption enough
to fancy himself fit to exercise it.
Adam
Smith. The Wealth of Nations 1776.
The monthly Coppock Indicators finished May.
DJIA: 24,416 +201 Down. NASDAQ:
7,442 +276 Down. SP500: 2,705 +180 Down.
All
three slow indicators moved down in March and April and continued down in May.
For some a new bear signal, for others a take profits and get back to cash
signal.
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