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Satchu's Rich Wrap-Up
Friday 22nd of January 2021


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‘A Total Failure’: The Proud Boys Now Mock Trump @nytimes
Law & Politics


After the presidential election last year, the Proud Boys, a far-right group, declared its undying loyalty to President Trump.

In a Nov. 8 post in a private channel of the messaging app Telegram, the group urged its followers to attend protests against an election that it said had been fraudulently stolen from Mr. Trump. “Hail Emperor Trump,” the Proud Boys wrote.

But by this week, the group’s attitude toward Mr. Trump had changed. “Trump will go down as a total failure,” the Proud Boys said in the same Telegram channel on Monday.

As Mr. Trump departed the White House on Wednesday, the Proud Boys, once among his staunchest supporters, have also started leaving his side. 

In dozens of conversations on social media sites like Gab and Telegram, members of the group have begun calling Mr. Trump a “shill” and “extraordinarily weak,” according to messages reviewed by The New York Times. 

They have also urged supporters to stop attending rallies and protests held for Mr. Trump or the Republican Party.

The disappointment was immediately palpable. One Proud Boys Telegram channel posted: 

“It really is important for us all to see how much Trump betrayed his supporters this week. We are nationalists 1st and always. Trump was just a man and as it turns out an extraordinarily weak one at the end.”


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09-NOV-2020 “If personal meaning, in this cheer leader society, lies in success, then failure must threaten identity itself.”
Law & Politics


Some Folks seem convinced that the Prophet of Populism Donald J. Trump is going to lead his 70m Disciples into some major 5th generational chess moves but surely just as likely is an Unfolding psychological breakdown played out in front of our eyes on TV like Willy Loman in Arthur Miller's Death of Salesman

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

“If personal meaning, in this cheer leader society, lies in success, then failure must threaten identity itself.”

I’m tired to the death. The flute has faded away. He sits on the bed beside her, a little numb. I couldn’t make it. I just couldn’t make it, Linda.

Counterintuitively, The Trump Vladislav Surkov Talking Points which of course always feature George Soros are strangely ineffective and a little like a receding tide.


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Data #Covid19 worldwide on January 21: + 630,018 cases in 24 hours, i.e. 97,492,802 in total @CovidTracker_fr
Law & Politics


Data from #Covid19 worldwide on January 21: + 630,018 cases in 24 hours, i.e. 97,492,802 in total + 14,693 deaths in 24 hours, i.e. 2,090,185 in total


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Global R at a low point under 0.9. The 20 day average change is around +½% / day. @video4me


Spain⁸ > Turkey⁹

>15%: St. Barth¹⁹⁶

>10%: Seychelles¹⁸³

>5%: Malawi¹²⁰ Burundi¹⁷⁵ Barbados¹⁷⁸ Saint Martin¹⁷⁹ Saint Lucia¹⁸⁵ Falklands Islands²⁰⁷


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Spain 34,958 avg #COVID19 cases per day up 153% past 2wks and accelerating. Countries w/ high COVID-19 2wk avg case/day increase @jmlukens


#Malawi: 489%

#Peru: 379%

#Mozambique: 352%

#Ghana: 262%

#Zambia: 164%

#Spain: 153%

#Rwanda: 120%

#Venezuela: 118%

#Honduras: 85%

#Cuba: 84%


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Sweden excess deaths is at an epic high in 100+ years. @DrEricDing

2020 has both the **most number of excess deaths** & **highest per capita excess deaths** than any year since the 1918-1919 pandemic.

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Currency Markets At A Glance WSJ


Euro 1.2159

Dollar Index 90.241

Japan Yen 103.665

Swiss Franc 0.8854

Pound 1.3675

Aussie 0.77298

India Rupee 73.0815

South Korea Won 1105.045

Brazil Real 5.3507

Egypt Pound 15.7247

South Africa Rand 15.074


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$BTC A few thousand more points to go. @Mikes_Charts 30,825.00 Last
World Currencies


04-JAN-2021 ::  $BTC's recent surge puts it now in ''nose-bleed'' territory. I believe its a Trading Sell with a very wide Stop. It is currently at its maximum ''Safe Haven'' / Fiat debasement premia.

As I write this on the 3rd of January 2021 $BTC has touched 35,000.00 in a parabolic shift higher. I believe $BTC's recent surge puts it now in ''nose-bleed'' territory. I believe its a Trading Sell with a very wide Stop. It is currently at its maximum ''Safe Haven'' / Fiat debasement premia.


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27 NOV 17 :: Bitcoin "Wow! What a Ride!"
World Currencies


My investment thesis at the start of the year was that Bitcoin was going to get main-streamed in 2017. It has main-streamed beyond my wildest dreams,

Let me leave you with Hunter S. Thompson, “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming “Wow! What a Ride!”

08-JAN-2018 :: The Crypto Avocado Millenial Economy.

The ‘’Zeitgeist’’ of a time is its defining spirit or its mood. Capturing the ‘’zeitgeist’’ of the Now is not an easy thing because we are living in a dizzyingly fluid moment.

Gladwellian level move. “The tipping point is that magic moment when an idea, trend, or social behaviour crosses a threshold, tips, and spreads like wildfire”- Malcolm Gladwell. 


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#Bitcoin Volatility "Cryptocurrency volatility has not trended lower over the past several years – it remains about four times more volatile than Equities or Gold" @PriapusIQ
World Currencies


High tech, millenial, crypto, avocado economy exhibits viral, wildfire and exponential and even non-linear characteristics not unlike Ebola.


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New BoE/ONS CHAPS data (i.e. credit/debit card payments) shows consumer spending 35% lower than before the pandemic. @david_milliken

Big contrast with broader ONS household spending measure for Q3 2020 which showed a c. 10% shortfall.

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CoViD19-ΛFЯICΛ: Confirmed Cases 3 336 626 (+ 28729) Active Cases 479 418 (-1627) @NCoVAfrica


Confirmed Cases  3 336 626 (+ 28729)

Active Cases  479 418 (-1627)

Deaths  81 760 (+ 922)

Recoveries 2 773 168 (+ 29434)


Daily Confirmed Cases + 28729 sits +35.48% above Wave 1 high from 24th July 2020


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Ghana 1,049 COVID-19 cases yesterday above 357/day avg up 262% past 2wks @jmlukens


#Africa countries w/ most avg #COVID19 cases/day

#SouthAfrica: 12,000

#Tunisia: 2,856

#Nigeria: 1,597

#Zambia: 1,345

#Morocco: 1,053

#Malawi: 865

#Mozambique: 851

#Libya: 616

#Ghana: 357

#Ethiopia: 343


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31. Countries w/ new record COVID-19 daily cases @jmlukens


Portugal: 14,647

Israel: 10,213

UAE: 3,506

Bolivia: 2,655

Mozambique: 1,126

Eswatini: 346

Rwanda: 312

Benin: 144

Togo: 76

SaintLucia: 57


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Africa's COVID-19 death rate now higher than global rate @Reuters


Africa’s coronavirus case fatality rate stands at 2.5%, higher than the global level of 2.2%, a trend that is alarming experts, the head of the continent’s disease control body said on Thursday.

Earlier in the pandemic, Africa’s death rate had been below the global average, the Africa Centres for Disease Control and Prevention (CDC) head John Nkengasong told reporters.

“The case fatality rate is beginning to be very worrying and concerning for all of us,” he said.

The number of African nations with a death rate higher than the current global average is growing, he added. 

There are 21 countries on the continent with a death rate of above 3%, including Egypt, the Democratic Republic of Congo, and Sudan.

Over the past week, cases decreased by nearly 7% compared to the previous week while deaths increased 10%, according to Africa CDC data. 

Africa has recorded 3.3 million coronavirus infections and 81,000 deaths as of Thursday, it says.

The continent reported 207,000 new cases in the past week, with South Africa alone reporting 100,000 of those new cases, Nkengasong said.


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―They fancied themselves free, wrote Camus, ―and no one will ever be free so long as there are pestilences.


In this respect, our townsfolk were like everybody else, wrapped up in themselves; in other words, they were humanists: they disbelieved in pestilences.

A pestilence isn't a thing made to man's measure; therefore we tell ourselves that pestilence is a mere bogy of the mind, a bad dream that will pass away.

But it doesn't always pass away and, from one bad dream to another, it is men who pass away, and the humanists first of all, because they have taken no precautions


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COVID-19 deaths detected in a systematic post-mortem surveillance study in Africa


Design We enrolled deceased individuals at the University Teaching Hospital (UTH) Morgue in Lusaka, Zambia. 

We obtained nasopharyngeal swabs for testing via reverse-transcriptase quantitative PCR (RT-qPCR) against the SARS-2 Coronavirus. 

We stratified deaths by CV19 status, by location, age, sex, and underlying risk factors.

Setting UTH is Zambia’s largest tertiary care referral hospital and its morgue registers ∼80% of Lusaka’s deaths.

Participants of all ages were enrolled if within 48 hours of death and if the next of kin or representative provided written informed consent.

Results We enrolled 372 participants between June and September 2020, and had PCR results for 364 (99.5%). CV19 was detected in 70/364 (19.2%). 

The median age for CV19+ deaths was 48 years (IQR 36-72 years) and 70% were male. 

Most CV19+ deaths (51/70, 72.8%) occurred in the community; none had been tested for CV19 antemortem. 

Among the 19/70 facility deaths, six were tested antemortem. 

Among the 52/70 CV19 deaths with symptoms data, 44/52 had typical symptoms of CV19 (cough, fever, shortness of breath), of whom only five were tested antemortem. 

We identified CV19 among seven children; only one had been tested antemortem. The proportion of CV19+ deaths increased with age, but 75.7% of CV19+ deaths were aged <60 years. 

The five most common co-morbidities among CV19+ deaths were: tuberculosis (31.4%); hypertension (27.1%); HIV/AIDS (22.9%); alcohol use (17.1%); and diabetes (12.9%).

Conclusions Contrary to expectations, CV19+ deaths were common in Lusaka. The majority occurred in the community where testing capacity is lacking. 

Yet few who died at facilities were tested, despite presenting with typical symptoms of CV19. 

Therefore, CV19 cases were under reported because testing was rarely done, not because CV19 was rare. If our data are generalizable, the impact of CV19 in Africa has been vastly underestimated.


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Turning To Africa Spinning Top


Democracy from Tanzania to Zimbabwe to Cameroon has been shredded.

We are getting closer and closer to the Virilian Tipping Point

“The revolutionary contingent attains its ideal form not in the place of production, but in the street''

Political leadership in most cases completely gerontocratic will use violence to cling onto Power but any Early Warning System would be warning a Tsunami is coming

10 NOV 14 : African youth demographic {many characterise this as a 'demographic dividend"} - which for Beautiful Blaise turned into a demographic terminator

Martin Aglo, a law student from Benin, told Reuters: “After the Arab Spring, this is the Black Spring”.We need to ask ourselves; how many people can incumbent shoot stone cold dead in such a situation – 100, 1,000, 10,000?

This is another point: there is a threshold beyond which the incumbent can’t go. Where that threshold lies will be discovered in the throes of the event.

The Event is no longer over the Horizon.


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Conflict compounded by Covid-19 and climate change pushes millions in Tigray to the brink - @Oxfam @reliefweb


The conflict in Tigray compounded by climate-fuelled locust infestations and coronavirus has left millions of people in desperate need of humanitarian aid yet access to those affected continues to be restricted, warned Oxfam today.

Recent Oxfam assessments in South and West Tigray, as well as neighbouring North Amhara, found that communities were already struggling to cope before the conflict erupted in November 2020.

Gezahegn Kebede Gebrehana, Oxfam’s Country Director in Ethiopia said:

“The three lethal Cs - conflict, coronavirus and climate change - have pushed millions of Ethiopians in Tigray to the brink. Even before the conflict, people had lost up to half their crops due to climate-fuelled plagues of locusts and they were struggling due to the devastating health and economic impacts of coronavirus. The conflict erupted in the middle of the harvest season, halting attempts to gather the remains of already depleted crops.”

Before the conflict, over one million people in Tigray were reliant on aid and more than 600,000 were battling hunger. 

During the fighting these same people were cut-off from essential food rations they relied upon. 

There are now 4.5 million people in Tigray in need of urgent humanitarian assistance according to UN and regional government figures.

The conflict also disrupted essential public services such as health, education and water supply. Women and girls have to travel long distances to fetch water and support their family needs. 

This has added to the burden of unpaid care work. There are also fears for their safety and protection because of insecurity.

Gebrehana said: “Public sector workers have not received their salaries for three months making it increasingly impossible for them to cope with the pandemic. Because of insecurity and lack of cash, people could not reach markets and the price for basic goods skyrocketed.”


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Africa Private Equity Has $2 Billion Cash Pile After Virus Dip @business

Private-equity investors in southern Africa are closing deals again after a virus-induced lull, tapping a cash pile that stood at more than 30 billion rand ($2 billion) in June, according to an industry association.

Businesses in the education, health care and retail sectors operating online are among the top picks for investors seeking to take advantage of market gaps amplified by the Covid-19 pandemic, Tanya van Lill, chief executive officer of the Southern African Venture Capital and Private Equity Association, said by phone.

“From a venture-capital perspective, we are seeing a lot of activity in East Africa and West Africa, specifically in Nigeria and Kenya, where there has been investment in the fintech, agritech and insuretech space,” Van Lill said. 

“From a private-equity perspective, it’s fairly equal across the continent, though we are seeing a lot of activity in North Africa.”

Prior to the pandemic, private-equity capital was increasingly allocated to infrastructure and energy projects in the region. 

However, lockdown restrictions imposed as a result of the virus meant firms couldn’t get on the ground to perform due diligence processes and close deals. 

They also battled to raise funds and sell out of investments, Van Lill said.

The association, which counts FirstRand Ltd.’s Rand Merchant Bank, and Ninety One Ltd. among its members, found in a survey that last year there was at least 30 billion rand in private-equity capital available for investment. 

Its members collectively manage about 185 billion rand in assets.

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The Spinning Top The real challenge is the Economic Emergency.

The real challenge is the Economic Emergency.

The latest Regional Economic Outlook for Sub-Saharan Africa projects economic activity in the region to decline by 3.0% in 2020 and recover by 3.1% in 2021. @IMFNews

The IMF is so bright eyed and bushy tailed and I want some of whatever Pills they are popping.

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South Africa’s main stocks benchmark rose for a second day, edging up 0.1% to its seventh record close of 2021 @markets @adengat

South Africa’s main stocks benchmark rose for a second day, edging up 0.1% to its seventh record close of 2021, as investors look forward to increased economic support to battle the effects of the pandemic, spurring global appetite for riskier assets.

Platinum stocks were among the leading contributors to gains as spot prices for the metal advanced to the highest since August 2016. 

Impala Platinum Holdings Ltd. surged 4% and Anglo American Platinum Ltd. jumped 5.5% as an index for the sector rose to the highest since 2008.

Gold Fields Ltd. climbed 5.1% as investors welcomed the news that former Anglo Platinum head Chris Griffith will become the bullion producer’s new chief executive officer in April, succeeding Nick Holland.

“The nomination of Griffith has happened sooner than we and the market has expected and removes near-term uncertainty stemming from the expected retirement of Holland, who has led Gold Fields since 2008,” said Tyler Broda, an analyst at RBC Europe Ltd.

A broad index of mining stocks climbed 0.9%, boosted by higher iron ore prices. Exxaro Resources Ltd. surged 6.4% to the highest since July 2019 to lead the gains.

The outcome of the year’s first meeting of the South African Reserve Bank monetary policy committee meeting had little impact on the market after the MPC left its key rate unchanged at a record low of 3.5% as predicted by most economists.

South Africa Holds Key Rate and Signals Hiking May Start Sooner

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.@NSE_PLC is in talks with @KeTreasury to sell additional stakes in listed state-owned companies, with a view to raising as much as 300 billion shillings ($2.7 billion) @business @eombok

A gold ETF was the exchange’s best-performing asset class last year, with the price of a unit surging 62% to 2,100 shillings, Odundo said.

The exchange intends to begin day-trading within the first quarter of this year, a plan that is expected to raise the turnover ratio to at least 15% from 7.9%. 

Day-trading will be complemented by securities lending and borrowing, which is expected to release more shares held by locals for trading, Odundo said. 

Currently about 75% of shares are held by domestic investors, while most of the trades are in the 25% in the hands of non-residents, he said.

“If we can unlock another 25% from investors like pension schemes and push that total liquid float to 50%, won’t you see us doubling the turnover?” Odundo said. 

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by Aly Khan Satchu (www.rich.co.ke)
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January 2021

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