I will use this thread to explain the concept of "administrative bloat."

Administrative bloat is the employing of so many managers and supervisors, paying them excess salaries, while the people who do the actual work don't get employed or paid.

That is the government of Kenya.

The cruelty of our civil service is a logic that was built by Lord Cromer, grandfather to Sir Evelyne Baring, the governor of Kenya who oversaw the Mau Mau concentration camps during the 1950s.

The sadism of the civil service and bureaucracy in Kenya has a long history.

Lord Cromer is considered the guru of civil service bureaucracy. He was so instrumental that even the Americans took lessons from him.

LC indirectly argued that civil servants must have no compassion or connection to the people who live where they are sent.

LC said that London must be the center of empire and must dictate how the empire runs. However, civil servants sent to far areas of the world would adopt the "defect" of seeing issues in their local context and forgetting London's interests.

The other thing LC instituted was profile of the hollow, colorless and inhuman bureaucrat. Because the British empire was the appointed incarnation of the Roman Empire, civil servants had to forget their own humanity and lay it at the service of empire.

Another cruelty LC introduced was secrecy and silence. Civil servants were never to reveal their real intentions. They were to avoid being noticed, and they were to avoid putting anything in writing. They were to operate under the radar as much as they could.

We can't speak symbolically because that makes us inaccurate

We can't lament because we're not providing solutions

We can't provide solutions because they will not work

We can't refer to society or trends because that means we're generalizing

We can't speak without providing facts and evidence

We can't be expressive because someone will be offended

How then can we talk in this Kenya?

To get any conversation going in this Kenya, you must be limit yourself to a vary narrow topic, you must present the facts from confirmed sources, you must stick to dictionary and literal meanings, you must not betray any emotion, and everyone must agree with you.

The point of conversation in Kenya is not truth or knowledge.

It's consensus.

Corruption doesn't start at the public purse. It starts at the basic idea that people can be stupidly rich from no work of their own, but of others.

So until we deal with the monstrosity of the title deed, we will not fundamentally address corruption in Kenya.

That system of stealing people's work starts with the title deed.

What is a title deed? It is not the land. It is the legitimacy of her majesty the queen to own and decide what happens with land.

When someone has a title deed, they are saying that the queen has allowed them to use that land mentioned in the deed, and that the queen is committed to using force to validate that deed.

The problem is, who gave the queen the authority to guarantee use of the land?

The only way she got is is through stealth. Or what others politely call "enclosure."

What is an enclosure, and why is it a form of corruption?

Imagine we are that romantic non-colonized village that our elites like to con us about. We live next to a forest. The forest provides our food, fuel, building materials and trade. And through our culture and rituals, we replenish the forest, hold it sacred and protect it.

A few weeks ago, I asked this question: since Muigai doesn't respect the 2010 constitution, why is he invested in #BBInonsense, and in getting Kenyans to accept? He can just run for another term, send cops to kill people, the US will support him and he will remain in office.

The great #KOT explained this to me: #BBINonsense isn't about destroying the constitution. It's about destroying the story. Unfortunately, the only story which we use to challenge Muigai is the constitution.

We don't know our history, we have no theology, our arts are commercialized, our cultures are corrupted, and our education is destroyed. The last pillar standing between us and full scale uthamaki fascism is the Constitution 2010.
#BBINonsense #UhuruinSagana

I honor the lawyers and those working hard to ensure #BBINonsense doesn't happen. But I hallenge us in the arts, in faith, in history to do our work to spport those in law with philosophical, theological, artistic and educational arguments against #BBINonsense.

If Magoha can say, despite the constitution, that kids should be caned, it means that education is completely spineless. #uhuruinsagana #BBInonsense

THREAD ON IRONFLY

These days the most preferred strategy for option sellers due to improved margins is IRONFLY. It's essentially a short straddle with long strangle. Long strangle acting as 'WINGS', which help in capping the unlimited risk associated with a short straddle.(1/n)

You can also view the position as a combination of Cal & Put credit spreads, if that makes it more easy for you.

There are 3 important things to understand while trading this strategy:

1) Initial size of the Wings
2) Risk Management
3) Adjustments

(2/n)

Since we are selling an ATM straddle, the 1st question is how far our wings should be? Ideally i sell .50 delta straddle & buy .20 or .10 OTM strangle, depending on my view on volatility. So the distance of wings depends on the IV setup. Higher the IVs, greater the distance.(3/n)

If you don't understand greeks, then ideally with 30 days to expiry (dte), wings should be around 300pts either side. If your trading in weekly then it should be not more than 200pts. Higher the premiums, higher the distance as we have more cushion of theta. (4/n)

It is important to understand that we need to reduce the distance of wings with time so as to manage our RISK in gap openings or sudden volatile move. So for eg. if you started with 300pt wings with 30dte, the wings wouldn't give the same protection when there is 7dte. (5/n)

The evils committed by Ravi Zacharias were enabled by a toxic organizational leadership that is evidenced by how these same leaders responded when confronted about the widespread and ongoing abuses being perpetrated by the namesake of the institution. 1/29

Please take time to read this piece by @DavideAFrench and the 26-page letter written by a first-hand witness. Here are just some of the excerpts: 2/29

"At one point, Ravi suggested to me that the Task Force “issue a statement that they [the Thompsons] are hooligans, they are scoundrels, they are thugs, they are serial extortioners.” If we didn’t do that, he told me, he would ask his attorney to do so on his behalf." 3/29

"...I distinctly recall Ravi & Sanj mocking the Thompsons’ marriage & scornfully predicting how soon Brad & Lori Anne would get divorced. “I predict their marriage won’t survive the year,” Ravi asserted with laughter. “A year?” replied Sanj. “I wouldn’t give it six months!” 4/29

"In 2017, in the early stages of his RICO against the Thompsons, Ravi would often invoke Kelly [his attorney], making statements such as “my attorney said we are going to crush them.”" 5/29

@JohnCoy29071630 Some people have decided that Wings is against independence, because they don't like what he is now saying. I decided to find out for myself. The first thing that bothered me re SNP was what happened in AS trial.
I hadn't followed the trial at the time.

As time went on I saw more and more posts re the un-fairness of the trial. These were from people I had followed for years. I didn't read Wings much at that time.
Everything was going smoothly for the SNP until these posts started appearing. I began to question what was going on?

This seemed a big conspiratory at first, until I found out that some complainers were in a Watsapp group with someone who worked in the ScotGov, close to NS. This raised the hair on my neck, considering they were not supposed to know each other due to them being anonymous.

I began looking at the links and paperwork that were being tweeted by ppl I followed for years. I didn't like what I was seeing and reading. The ScotGov appeared to be blocking the publication of Alex Salmond's trial paperwork. I had always thought of SNP as open & transparent!

I was shocked by what I was seeing. I was seeing leaked documents, etc. When I started questioning this on twitter, people were posting more links to different documents. I was now getting all different links from different people. I started reading as much as I could.