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Satchu's Rich Wrap-Up
 
 
Thursday 29th of October 2020
 
Afternoon
Africa
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Macro Thoughts
World Of Finance
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ALL G7 CURVES 0-10 WILL BE NEGATIVE IN 2021
World Of Finance
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24-FEB-2020 :: a “V- shaped” recovery #COVID19 is a FANTASY
World Of Finance


Home Thoughts
Africa
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The New Bugatti Bolide Is a Study in Speed Set for the Track
South America





The superlight racer’s W16 engine has 1,824 horsepower ready to roar.


Bugatti announced a new car on Wednesday that could challenge the world speed record just set by the SSC Tuatara. 

The Bugatti Bolide is a skeletal-looking coupe with a massive rear wing and the scooped-out body style of a Formula 1 racer. 

Like its sibling, the Bugatti Chiron, it carries a W16 engine and all-wheel-drive. 

But with an extremely lightweight body that weighs just 2,733 pounds (roughly half that of a Chiron) and 1,824 horsepower (in excess of 200 hp more than the Chiron Super Sport), it can reach a top speed of 310 mph, according to a Bugatti spokesperson, who declined to offer further details on the transmission. 


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"Speed now illuminates reality whereas light once gave objects of the world their shape." - Paul Virilio
Misc.
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Stonehenge and the Druids – who are the Druids?
Misc.




‘Druids’ is the general term used to refer to this multitudinous group who see Wiltshire’s world heritage site as a place of worship. 

In reality, Druidic beliefs vary, with different groups including neo-pagans and wiccans. 

Nonetheless, a whole host of Druidic worshippers converge on Stonehenge for the solstices, equinoxes and beyond. 

Today, there are over 7,000 members of the British druid order and I wanted to take a look at the history of druidism and its ties with Stonehenge’s arcane monoliths.

Druids pre-dated the Roman invasion of Britain and in ancient Celtic cultures they were members of highly respected shamanic class. 

They were typically religious leaders, but also law keepers, chroniclers, doctors, and even political advisors. 

They were first mentioned in the 2nd century BC in roman sources and were even reported by Julius Caesar in 59 B.C. 

Druid’s were the arbiters of spirituality in pre-roman Britain and had a deep connection with the lore of the isles.



With first the Roman invasion (Roman religion tended towards assimilation, absorbing deities of other faiths in the hope of conversion) and then the rise of Christianity, Druidism faded into near non-existence. 

However, something of Druidic traditions remained and was eventually revived.

Two figures of huge importance to the Druidic revival were John Aubrey (1626-1692) and William Stukely (1687-1765). 

Aubrey was the first to suggest that Stonehenge had been built by Celtic Druids, the most prominent theory on the formation of Stonehenge until the 20th Century. 

Stukely (also famous for discovering the Cursus and Avenue at Stonehenge), proliferated the theory that Druid’s built Stonehenge and also worked hard to revive the culture, eventually proclaiming himself a Druid. 

Stukley worked hard to popularise Druidism, reviving pagan lore and dress whilst throwing parties in accordance with ancient beliefs. 

For Stukley, Stonehenge was a temple of worship – eventually publishing Stonehenge: A Temple Restor’d to the British Druids.

The origin of the word ‘Druid’’ is unclear, but the most popular view is that it comes from ‘doire’, an Irish-Gaelic word for oak tree (often a symbol of knowledge), also meaning ‘wisdom’. 

Druids were concerned with the natural world and its powers, and considered trees sacred, particularly the oak.

Today, the most prominent druid could be said to be a Salisbury Druid by the name of Arthur Uthur Pendragon – who has spent 33 years a Druid. 

A religious enthusiast, he can be found at every Stonehenge celebration and he also leads campaigns to reduce parking fees and has even run for MP.


From the time of the Celtic Druids, Druidism has had a strong bond with the natural world as well as the cosmos. 

Although Stukley determinedly linked his version of Druidism with Christianity – dubbing it ‘Patriarchal Christianity’ – Druidism since ancient times has been polytheistic, with different deities existing in the elements around us. 

The community largely believes that Stonehenge was built by ancient Druids as a place of worship – it being aligned with the midsummer sunrise so perfectly. 

Stonehenge thus represents the spiritual connection of man and the elements which is intrinsic to the beliefs of the Druid community.

Although the 21st century has seen a decline in Druidism, (In the 2001 census 30,569 people described themselves as Druids), the numbers are once again on the rise. 

Perhaps in a digital age, more and more people are seeking a deeper connection with the elements. A connection that Druidism certainly offers. Who knows? Maybe you too will feel this spiritual connection on your visit to the stones.

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Sunrise at Stonehenge (25th October) @ST0NEHENGE
Misc.


Police warn they could enter homes to break up Christmas dinners, coming as welcome news to families who’ve wished for that for years. @haveigotnews
Misc.


A writer is a world trapped in a person.- Victor Hugo. @TZenPhilosopher
Misc.


"There is nothing like a dream to create the future." - Victor Hugo
Misc.
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Sunrise yesterday in Ponta Malongane, Mozambique. Many whales breaching here as they migrate up the coast. @mattstephenhill
Africa


Sunrise from Pemba, Mozambique @seeafricatv
Africa


Sunrise in #Beira #Mozambique @saskiahouttuin
Africa


“Most people would sooner die than think; in fact, they do so.” Bertrand Russell @LiteraryVienna
Misc.


Finally there is the hamzaad, a jinn doppelganger. The hamzaad is derived from the Islamic concept of the qareen, a jinn assigned to tempt each human through life. @aaolomi
Misc.


The hamzaad in folklore becomes a corporeal being who appears in your guise to take your place



Political Reflections
Law & Politics
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Biden's lead over Trump is narrowing and with the DeMark Indicators potentially will narrow even more with downside Sequential in progress. @TommyThornton
Law & Politics


Go back through your stock market tweet feeds of 3 weeks ago and allocate marks for narrative outcome. @PolemicTMM
World Of Finance


Whoever Controls The Narrative Controls The World
World Of Finance


@Tate
Misc.


"The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." — George Orwell @AmandiOnAir
Law & Politics


Political decision-making is now driven by often weaponized babble. @FukuyamaFrancis
Law & Politics


Globally, daily cases continue to increase, now averaging 450,000 new daily cases, up from 380,000 last week...@TetotRemi
Misc.


We have a total of 43 million cases globally...@TetotRemi
Misc.


One week before the presidential elections, the US seven-day average is at an all-time high with 72,000 daily cases...@TetotRemi
Law & Politics


#BREAKING More than 500,000 new coronavirus cases reported worldwide Tuesday in daily record: @AFP tally
Misc.


27-JUL-2020 :: Drinking the Kool-Aid The exponential moment is still in front of us. #COVID19
World Of Finance


When I wrote that confirmed cases had recently shifted gears in Europe, I meant it. Exponential gears. @Marco_Piani
Misc.


19-OCT-2020 :: Now Is The Winter Of Our Discontent
World Of Finance


The pandemic is spreading very rapidly in the US. • In 24 hours the US now confirms more than 70,000 additional infected people. @MaxCRoser
Misc.


19-OCT-2020 :: Whether it is in the First, second, third or fourth wave is an academic Question.
Misc.


Over half a million new COVID-19 cases a week in the US New record high for the US - 3 days in a row US on course to hit 9 million new cases before the election At this rate, the US will see over 2 million new cases a month @euromaestro
Misc.


A virulent plague that “travelled through the air as if on wings, it burned through cities like fire”.
Misc.


But unlike the flow of capital, this virus seeks proliferation, not profit, and has, therefore, inadvertently, to some extent, reversed the direction of the flow. Arundhati Roy: ‘The pandemic is a portal’ @FT
Misc.
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Pressure on Belgian hospitals is increasing due to the rise in COVID patients. "By tonight there will be patients in corridors, waiting to be transferred or, sadly, for another patient to die," one small hospital says @BNODesk
Misc.


Year of the Virus
World Of Finance


A vaccine will not be used as an election surprise @EricTopol
Misc.


THE VACCINE STORY IS ANOTHER MYTH
Misc.


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



International Markets
World Of Finance
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S&P 500 tumbles 3.5% in worst stock rout in 4mths amid rising virus cases. Fear Index VIX jumps >40 to highest level since June. @Schuldensuehner
World Of Finance


Currency Markets at a Glance WSJ
World Currencies



Euro 1.1727

Dollar Index 93.503

Japan Yen 104.3165

Swiss Franc 0.9116

Pound 1.2983

Aussie 0.7053

India Rupee 74.155

South Korea Won 1133

Brazil Real 5.747

Egypt Pound 15.7024

South Africa Rand 16.4065

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Hello Dollar my old friend..@NorthmanTrader 93.503
World Currencies


Euro versus the Dollar Chart 1.1728
World Currencies
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Wow chart! Country fertility’s rate vs its real 10-year #yield. ht @DavidBeckworth @jsblokland
Misc.


Commodities
Commodities
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Commodity Markets at a Glance WSJ
Commodities
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Gold @goldseek 1879.50
Commodities


Crude Oil Chart INO 37.29
Minerals, Oil & Energy
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Emerging Markets
Emerging Markets
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Bloomberg is reporting that Turkey's state banks have sold over $1b this week to try to slow the lira's slide @Brad_Setser
Emerging Markets


August 13, 2018 And then ‘’Even if they got dollars, we got ‘our people, our God’’’ [In the markets that is called a ‘’Hail Mary’’ pass]
Emerging Markets


Turkish #Lira continues its steady decline @Zak878
World Currencies


04.09.2018 no-one except die-hard Erdogan-supporting Turkish nationalists is prepared to throw good money after money gone bad on the basis of Erdogan's hocus pocus monetary policy Mr. Satchu told Sputnik.
Emerging Markets


Sub Saharan Africa
Africa
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Morocco 3,988 #COVID19 cases yesterday most in Africa Kenya daily cases increased 78% past two weeks to 670/day. Botswana 5.5% daily growth rate most in Africa followed by Tunisia (4%). @jmlukens
Africa


Morocco 3,988 #COVID19 cases 
yesterday most in Africa and above 3,022/day week average. South Africa reduced daily cases 16% past two weeks.  Kenya daily cases increased 78% past two weeks to 670/day.  Botswana 5.5% daily growth rate most in Africa followed by Tunisia (4%).



"The declaration of election results without transparency could lead to violence in Tanzania," ~ Professor Frederick Ssempebwa #TanzaniaElectionsWatch @WatchTanzania
Law & Politics


“Maintaining peace is a priority,” @MagufuliJP said @AP
Law & Politics


He invoked democracy and urged people to the polls.

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The African @jairbolsonaro is of course @MagufuliJP
Law & Politics


#TanzaniaDecides2020: available intel suggests, however, the thieving this time around is of epic proportions, due to 2 reasons. @Chahali
Law & Politics


One, incumbent @MagufuliJP is de-facto head of the spy agency, which takes its symbiotic relationship with the ruling party to completely new level



18-FEB-2019 :: We dream of a new politics That will renew the world Under their weary suspicious gaze. There's always a new way, A better way that's not been tried before.
Law & Politics
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Bitter rivals, familiar faces and fears as Ivory Coast votes for president @Reuters
Law & Politics



Residents of Ivory Coast’s biggest city Abidjan are stocking up on provisions and sending loved ones to rural villages ahead of a contentious presidential election on Saturday many fear could turn violent.

“I’m taking my family to Toumodi, (in the centre of the country) because of the political situation. We are afraid that it will degenerate,” Ble said.

“It’s been 10, 15, 20 years that we see some of them,” Francis Ake, a 28-year-old telecommunications worker said of the candidates as he left church. “We need new people.”



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Zambia is servicing external debt and paying public service salaries at 90% of budget leaving a paltry 10% of budget for the social welfare of citizens I.e. education, health, social cash transfer and agriculture! Is that sustainable? @SimumbaTrevor
Africa


14-OCT-2019 :: Ozymandias The Canary in the Coal Mine is Zambia.
Africa


#Zambia's Finance Ministry announced a debt deferral agreement reached with the #China Development Bank. @shen_shiwei
Africa


Important thread with different perspectives on Chinese lending to #Africa #ChineseAid #ChinaAfrica #developmentfinance @RudyakMarina
Africa


Africa is on the brink of debt disaster @SimumbaTrevor
Africa


China must take responsibility for financing huge loans that mostly finance highly inflated projects & end up in politicians pockets. need for stricter value for money audits and transparent processes for contracting



Time to Big Up the Dosage of Quaaludes
World Of Finance


19-APR-2020 :: The End of Vanity China Africa Win Win
Africa


Yikes! SOUTH AFRICA PROPOSES STATE-WORKER PAY FREEZE FOR NEXT 3 YEARS. @jsblokland
Africa


Budget #deficit expected at 15.7% of GDP.



#COVID19 and SSA and the R Word
Africa


South Africa allocates $641 million for the grounded state-owned airline to implement its rescue plan @BBGAfrica
Tourism, Travel & Transport


South Africa All Share Bloomberg
Africa
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Dollar versus Rand Chart INO 16.4142
World Currencies
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Egypt Pound versus The Dollar 3 Month Chart INO 15.7029
World Currencies
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Egypt EGX30 Bloomberg
Africa
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They should read James Baldwin "Fire next time" @africa_solar
Africa



The Nigeria govt and political establishment has still not recovered from the double whammy of 
Well organized #EndSARS movement Looting of covid19 palliative and vandalism on the streets of Naija. They should read James Baldwin "Fire next time"





"The choice of that moment is the greatest riddle of history"
Africa
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Nigerian Treasury Bills Primary Market Auction Results for today, 28-Oct-20. Stop rates dipped below 1.0% across all tenors on high system liquidity. The 364-day bill declined to 0.98%. @eboayodeji
Africa


09-DEC-2019 :: Time to Big Up the Dosage of Quaaludes
World Of Finance


Nigeria All Share Bloomberg
Africa
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Ghana Stock Exchange Composite Index Bloomberg
Africa
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Kenya
Africa
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It will cost the taxpayers at least Sh14,000,000,000 to conduct a referendum, the IEBC has revealed. [This doesn't factor in campaign costs....] @surambaya
Africa



The agency will need to deploy about 350,000 staff and at least 50,000 vehicles on hire on voting day.

[This doesn't factor in campaign costs....]

Conclusions

Is BBI a Vaccine? 



15.31% KENYA reports 1018 new Covid-19 infections from 6,649 samples tested in last 24 hours H/T @TheStarBreaking
Africa


Exponential, non linear and multiplicative.
Africa


Kenya Shilling versus The Dollar Live ForexPros
World Currencies
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Nairobi All Share Bloomberg
Africa
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Nairobi ^NSE20 Bloomberg
N.S.E General
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Every Listed Share can be interrogated here
N.S.E General
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by Aly Khan Satchu (rich.co.ke)
 
 
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