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Satchu's Rich Wrap-Up
 
 
Thursday 03rd of December 2020
 


Drinking the Kool-Aid
World Of Finance


“Everybody, everybody everywhere, has his own movie going, his own scenario, and everybody is acting his movie out like mad, only most people don’t know that is what they’re trapped by, their little script.” ― Tom Wolfe, The Electric Kool-Aid Acid Test

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Francisco Espana looks at the Mediterranean sea After 52 days in the hospital’s intensive care unit due to the coronavirus, Francisco was allowed by his doctors to spend almost ten minutes at the seaside as part of his recovery therapy. (AP Photo/Emil
Misc.


Francisco Espana looks at the Mediterranean sea from a promenade next to the Hospital del Mar in Barcelona, Spain, on Sept. 4, 2020. After 52 days in the hospital’s intensive care unit due to the coronavirus, Francisco was allowed by his doctors to spend almost ten minutes at the seaside as part of his recovery therapy. (AP Photo/Emilio Morenatti)

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07-OCT-2019 :: China turns 70
China



“Longing on a large scale makes history.” wrote Don DeLillo and these words streamed into my consciousness as I watched the celebrations in Tiananmen Square, which were marking the 70th anniversary of Chinese Communist Party rule.

Xi Jinping and the party were seeking to project national power and confidence on a grand scale. Nothing and nobody was going to rain on this parade.

‘’This is the legendary DF41 ICBM. But it is not a tale. Today it is displayed at Tiananmen Square I touched one about four years ago in the production plant. No need to fear it. Just respect it and respect China that owns it’’.

The President for Life was see- king to project a sense of inevitable forward motion and a fulfilment of the promise that Mao Zedong made on the founding of the People’s Republic of China on October 1, 1949 that China would stand up.

They have “stood up.” Xi’s model is one of technocratic authoritarianism and a recent addition to his book shelf include The Master Algorithm by Pedro Domingos. Xi is building an Algorithmic Society.

Some of the Xi-era slogans are short and simple, in the manner of Western advertising, such as the “Chinese Dream,” the catchphrase embodying the party’s aim to become a global power by 2049, the 100th anniversary of the founding of the People Republic of China. In a way, this is also nothing new.

But Xi has taken the propagation of ideology and the cult of personality to extremes not seen since the days of Chairman Mao. Xi in fact has replaced Jesus in Churches and Mohamed in the mosques. 

“Unity is iron and steel; unity is a source of strength,” “Complete reunification of the motherland is an inevitable trend..no one and no force can ever stop it!” he added.

The World in the 21st century exhibits viral, wildfire and exponential characteristics and feedback loops which only become obvious in hindsight.

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09-NOV-2020 :: The Spinning Top
World Of Finance




“You can't eat the orange and throw the peel away - a man is not a piece of fruit.”




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Volunteer Dies During @AstraZeneca #CovidVaccine Trial @GreatGameIndia
Misc.





A volunteer has died during trial of COVID-19 vaccine developed by AstraZeneca and Oxford University. 

No further details were provided citing medical confidentiality of those involved in trials. After the news broke out AstraZeneca shares fell 1.7%.


Brazilian health authority Anvisa said on Wednesday that a volunteer in a clinical trial of the COVID-19 vaccine developed by AstraZeneca and Oxford University had died but added that the trial would continue despite the death.

Oxford confirmed the plan to keep testing, saying in a statement that after careful assessment “there have been no concerns about safety of the clinical trial.”




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THE VACCINE STORY IS ANOTHER MYTH
Misc.





No-one has ever produced a safe and effective vaccine against a coronavirus. Birger Sørensen, Angus Dalgleish & Andres Susrud

What if, as I fear, there will never be a vaccine. I was involved in the early stages of identifying the HIV virus as the cause of Aids. 

I remember drugs companies back then saying there would be a vaccine within around 18 months. Some 37 years on, we are still waiting. Prof ANGUS DALGLEISH @MailOnline

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Currency Markets at a Glance WSJ
World Currencies



Euro 1.2133

Dollar Index 90.969

Japan Yen 104.31

Swiss Franc 0.89351

Pound 1.3396

Aussie 0.7432

India Rupee 73.893

South Korea Won 11094.85

Brazil Real 5.2181

Egypt Pound 15.6587

South Africa Rand 15.3267

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CoViD19-ΛFЯICΛ: Confirmed: 2 185 156 (+ 10973)Actives: 275 264 (+ 729) @NCoVAfrica
Africa



Confirmed: 2 185 156 (+ 10973)

Actives: 275 264 (+ 729)

Deaths: 52 258 (+ 263)

Recoveries: 1 856 084 (+ 9981)

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Turning to Africa The Spinning Top
Africa


So far Africa has dodged the Virus from a medical perspective though it remains in my view a slow burning Fuse and we all know by now ''viruses exhibit non-linear and exponential characteristics'

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I wrote this in 2 JUL 18 :: :Ethiopia Rising
Africa



I recalled watching the Whirling Dervishes of the Mevlevi order on a night of a full moon in Konya, Turkey. 

 It’s all about speed and velocity. Paul Virilio terms it ‘dromology’, which he defined as the “science (or logic) of speed“. 

He notes that the speed at which something happens may change its essential nature, and that which moves with speed quickly comes to dominate that which is slower.

“Whoever controls the territory possesses it. Possession of territory is not primarily about laws and contracts, but first and foremost a matter of movement and circulation.”

Virilio argues that the traditional feudal fortified city disappeared because of the increasing sophistication of weapons and possibilities for warfare. 

For Virilio, the concept of siege warfare became rather a war of movement.

Abiy Ahmed has moved at lightning speed, the old guard is like ‘’the traditional feudal fortified city’’.

Conclusions

However, It is Debretsion who has the 'dromology'' advantage and that is why 

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@PMEthiopia has launched an unwinnable War on Tigray Province.
Africa




Ethiopia which was once the Poster child of the African Renaissance now has a Nobel Prize Winner whom I am reliably informed

PM Abiy His inner war cabinet includes Evangelicals who are counseling him he is "doing Christ's work"; that his faith is being "tested". @RAbdiAnalyst

@PMEthiopia has launched an unwinnable War on Tigray Province.


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The fugitive leader of Ethiopia’s defiant Tigray region on Monday called on Prime Minister Abiy Ahmed to “stop the madness” and withdraw troops
Africa


The fight is about self-determination of the region of around 6 million people, the Tigray leader said, and it “will continue until the invaders are out.” 

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“I saw many dead people being eaten by dogs,” Tela said from a refugee camp just over the border in Sudan, his voice breaking.
Africa


“I saw many people dying on the road. Many difficult things, difficult to express, difficult to imagine.”

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Ghana holds presidential and parliamentary elections on Dec. 7 @ReutersAfrica
Africa


Ghana holds presidential and parliamentary elections on Dec. 7 amid concerns over its rising debt pile, but that has not stopped some investors from buying up its bonds on a bet that the next government will move to repair the public finances.

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Bank of #Ghana increased its purchases of government bonds sharply in September, lifting its holding from 17% to 23% of the market. @Markbohlund
Africa


With government spending highly inflexible and external financing less available, central bank financing is likely to increase further in 2021.

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A police officer holds a pistol during clashes with protesters near a barricade of burning tires in the Kariobangi slum of Nairobi, Kenya, on May 8, 2020. (AP Photo/Brian Inganga)
Africa



A police officer holds a pistol during clashes with protesters near a barricade of burning tires in the Kariobangi slum of Nairobi, Kenya, on May 8, 2020. 

Hundreds of protesters blocked one of the capital's major highways to protest government demolitions of the homes of more than 7,000 people, causing many to sleep out in the rain and cold because of restrictions on movement due to the coronavirus. (AP Photo/Brian Inganga)

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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December 2020
 
 
 
 
 
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