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Satchu's Rich Wrap-Up
 
 
Thursday 14th of October 2021
 
Morning
Africa

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There is no training – that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. @ptj_official
World Of Finance


There is no training – classroom or otherwise.. that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. 

There's typically no logic to it; irrationality reigns supreme, and no class can teach what to do during that brief, volatile reign.



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“Derivatives,” Alvin said. “I don’t speculate about the future, I trade it.” @NewYorker
World Of Finance



And they were cross‑linked and interwoven and resold in large bundles, “future on future,” Alvin said
“Forget about the forces of the free market, my friend. Commodity prices no longer refer to any value, past or present—they’re just ghosts from the future.”

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FAR away in distant lands lies the Hermit Kingdom. This land is ruled by The House of Kim and its capital is Pyongyang. 29-11-2010
Misc.



The first and 'Eternal' President was Kim Il-sung and his successor Kim Jong-il whose designated successor is Kim Jung-un. 

They all have had tiny little hands like the Elves in the Elves and the Shoemaker.

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Consider that Kim Jong-Il the Father was obsessed with cinema and amassed arguably the world’s largest personal film collection: over 20,000 bootlegged 35mm screening copies
Misc.





Kim Jong-Il also had a penchant for Hennessy Paradis cognac and for two years in the mid-1990s, he was the world’s largest buyer of Hennessy Paradis cognac, importing up to $800,000 of the stuff a year. 

Kim Jong-Il began his career as the head of the state’s propaganda and agitation department and its clear that Kim Jong-Un’s sister Kim Yo Jong who holds the same role and evidently handles all the optics, is a chip off the old Block. Friday was tip-top geopolitical optics. 

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The opening shot of Kim Jong Un surrounded by a Phalanx of North Korean Ninja bodyguards was almost as good as the opening Sequence in PT Anderson’s boogie nights [Steadicam operator Andy Shuttleworth].
Misc.


The opening shot of Kim Jong Un surrounded by a Phalanx of North Korean Officials [later replayed as chairman Kim sat in his presidential vehicle surrounded by his Ninja bodyguards] was almost as good as the opening Sequence in PT Anderson’s boogie nights [Steadicam operator Andy Shuttleworth].

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China To Ban Private Investments In Media As CCP Strengthens Grip On Narratives @zerohedge
Law & Politics


The Chinese Communist Party (CCP) has begun laying the groundwork to ban private investments in media organizations, according to US-funded Radio Free Asia (RFA).
Under proposed rule changes posted to its official website on Oct. 8, the State Development and Reform Commission (SDRC) said it was soliciting public opinion on adding private sector investment in media organizations to a list of banned investments.
The list, which is intended to apply across China without local variation, requires that "organizations with no public sector investment shall not engage in business involving newsgathering, editing or broadcasting." -RFA

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Whoever Controls The Narrative Controls The World
Law & Politics


And it all left me wondering Who exactly is controlling the Console?

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They now turn to rule over the people by means of what could be dubbed "big data totalitarianism" and "WeChat terror." @ChinaFile
Law & Politics


You will all be no better than fields of garlic chives, giving yourselves up to being harvested by the blade of power, time and time again. 
[ “garlic chives,” Allium tuberosum, often used as a metaphor to describe an endlessly renewable resource.]
What is thriving, however, is all that ridiculous ―Red Culture and the nauseating adulation that the system heaps on itself via shameless pro-Party hacks who chirrup hosannahs at every turn @ChinaFile #COVID19

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05-MAR-2018 :: China has unveiled a Digital Panopticon in Xinjiang
Law & Politics



China has unveiled a Digital Panopticon in Xinjiang where a combination of data from video surveillance, face and license plate recognition, mobile device locations, and official records to identify targets for detention. 
Xinjiang is surely a precursor for how the CCP will manage dissent. The actions in Xinjiang are part of the regional authorities’ ongoing “strike-hard” campaign, and of Xi’s “stability maintenance” and “enduring peace” drive in the region. 

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The Dark Forest which continues the story of the invasion of Earth by the ruthless and technologically superior Trisolarans, introduces Liu’s three axioms of “cosmic sociology.” @nfergus
Law & Politics



First, “Survival is the primary need of civilization.” 
Second, “Civilization continuously grows and expands, but the total matter in the universe remains constant.” 
Third, “chains of suspicion” and the risk of a “technological explosion” in another civilization mean that in space there can only be the law of the jungle. 
In the words of the book’s hero, Luo Ji:
The universe is a dark forest. Every civilization is an armed hunter stalking through the trees like a ghost ... trying to tread without sound ... 
The hunter has to be careful, because everywhere in the forest are stealthy hunters like him. 
If he finds other life — another hunter, an angel or a demon, a delicate infant or a tottering old man, a fairy or a demigod — 
There’s only one thing he can do: open fire and eliminate them. 

In this forest, hell is other people ... any life that exposes its own existence will be swiftly wiped out.
This is intergalactic Darwinism.

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The irony here is that the US, despite being the seat of these firms, is also a victim. @RnaudBertrand
Law & Politics


The same problems it unleashed on the world-ex-China it unleashed on itself. Those private firms can control the narrative in the US like abroad. They're monopolistic in the US like abroad.

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Weekly epidemiological update on COVID-19 - 13 October 2021 @WHO
Misc.



Globally, the numbers of weekly COVID-19 cases and deaths has continued to decline since late August. 

Over 2.8 million new cases and over 46 000 new deaths were reported during the week of 4 to 10 October 2021, representing a 7% and 10% decrease respectively, as compared to the previous week. 

Global overview Data as of 10 October 2021

Globally, the numbers of weekly COVID-19 cases and deaths have continued to decline since late August (Figure 1). 

Over 2.8 million new cases and over 46 000 new deaths were reported during the week of 4 to 10 October 2021, representing decreases of 7% and 10% respectively, as compared to the previous week (Table 1). 

Apart from the European Region, which reported a 7% increase in the number of new weekly cases as compared to the previous week, all the other regions reported declines in new weekly cases. 

The largest decrease in new weekly cases was reported from the African Region (32%), followed by the Western Pacific Region (26%). 

The cumulative number of confirmed cases reported globally is now over 237 million and the cumulative number of deaths is over 4.8 million.
The number of new weekly deaths reported showed a large (>10%) decline for all regions except for the European Region, which reported an 11% increase as compared to the previous week. 

The largest decline in weekly deaths was reported from the Western Pacific and the African Regions, with both showing declines of 34% as compared to the previous week.

The highest numbers of new cases were reported from 

United States of America (653 837 new cases; 12% decrease)

United Kingdom (249 699 new cases; similar to the number reported in the previous week)

Turkey (205 266 new cases; similar to the number reported in the previous week)

Russian Federation (188 829 new cases; 14% increase), 

India (139 572 new cases; 13% decrease).

Conclusions


Last week clocked the Lowest weekly count for 12 weeks. 





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"The number of weekly reported deaths from #covid19 continues to decline and is now at the lowest level in almost a year”, says @DrTedros at @WHO presser. @kakape
Misc.


"But it’s still an unacceptably high level: almost 50,000 deaths a week, and the real number is certainly higher."

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1597
Dollar Index 94.001
Japan Yen 113.57
Swiss Franc 0.9215
Pound 1.3683
Aussie 0.7393
India Rupee 75.3175
South Korea Won 1187
Brazil Real 5.5139
Egypt Pound 15.7108
South Africa Rand 14.75

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African Region .@WHO regional overviews Epidemiological week 4-10 October 2021
Africa



African Region
Since mid-July, the African Region has shown a constant decline in the number of COVID-19 cases and deaths, with over 33 000 new cases and over 1200 new deaths reported last week, a 32% and a 34% decrease respectively as compared to the previous week. 

While the majority of countries (35/49; 71%) reported a decrease in new weekly cases, seven countries reported an increase, with Chad (by 54%) reporting the greatest increase. 

The highest numbers of new cases were reported from 

Ethiopia (6061 new cases; 5.3 new cases per 100 000; a 15% decrease)

South Africa (5884 new cases; 9.9 new cases per 100 000; a 39% decrease)

Cameroon (3096 new cases; 11.7 new cases per 100 000; a 55% decrease).
Concerning new weekly deaths, 75% of countries in the Region reported a decline whereas there was a marked increase observed in Senegal (by 125%) and Mali (by 100%). 

The highest numbers of new deaths were reported from 

South Africa (539 new deaths; <1 new death per 100 000; a 28% decrease)

Ethiopia (275 new deaths; <1 new death per 100 000; a 10% decrease)

Cameroon (58 new deaths; <1 new death per 100 000; a 36% decrease).

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For the other @igadsecretariat countries #GDP_growth projections are as follows: @PatrickHeinisc1
Africa


▶️#Djibouti: 2021: 5% (2022: 5.5%)
▶️#Eritrea: 2.9% (4.8%)
▶️#Kenya: 5.6% (6%)
▶️#Somalia: 1.6% (3.9%)
▶️#South_Sudan: 5.3% (6.5%)
▶️#Sudan: 0.9% (3.5%)

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November 8, 2020 @PMEthiopia has launched an unwinnable War on Tigray Province.
Africa


The falcon cannot hear the falconer;
https://bit.ly/3Bk45Gj

Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned;
The best lack all conviction, while the worst Are full of passionate intensity.

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9-JUL-2021 :: The Contagion will surely boomerang and destabilise the Horn of Africa for the forseeable future.
Africa


If I could I would be limit short the Ethiopian Birr [It trades at 60 to the $ on the black market]

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21-JAN-2019 :: The Mind Game that ZANU-PF played on its citizens has evaporated in a puff of smoke
Africa


I have been reading Yuval Noah Harari and in his best-seller he says this about money;
“Money is accordingly a system of mutual trust, and not just any system of mutual trust: money is the most universal and most efficient system of mutual trust ever devised.”
“Cowry shells and dollars have value only in our common imagination. Their worth is not inherent in the chemical structure of the shells and paper, or their colour, or their shape. In other words, money isn’t a material reality – it is a psychological construct. It works by converting matter into mind.”

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Cowrie shells found in a grave on Gotland, imported from the Red Sea or Indian ocean area: @caitlinrgreen
Africa



Object from the exhibition We call them Vikings produced by The
Swedish History Museum
Cowrie shell
Imported cowrie shells
were sometimes worn as pendants. From the Red Sea or Indian ocean area.
Grave find, Bjästavs, Sanda, Gotland, Sweden. SHM 1763

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