Click the link below to watch the full interview with John Hilary and John Weeks about the meaning and impact of Britain’s historic 52-48 vote to leave the #EU
Archive for the ‘economy’ Category
NB COMMENTARY: People are tired of the BS, the wars, the wrecked economy, the loss of wages and jobs, the messed up skies, the rigged elections and a host of other things.. so they want out. LOL, he looks like a jilted lover, begging his lover to come back.
Jilted Lover says. “Oh, I am so sorry I abused the hell out of you, forgive me, we can work it out, we can be even better and greater together than apart, we have a destiny, we were meant for each other. I promise you, I promise, I will never stick my foot up your…….. ever again, trust me, I appreciate you, I love you more than life, I need you.
Please forgive me for any and all hurt, I am soo sorry, I mean it, don’t you believe me?
Please don’t leave me, it would be such a terrible embarrassment if you do. Let’s talk this thing over, we can work it out………………
Oh, what? You gonna leave anyway… Oh Yeah??
Well you’ll be sorry, you think being with me was bad, well, I am here to tell you, being without me will be much worse, mark my words, you will wish you were never born, you will be hated by all of humanity, no one will come to your aide, they will find you stupid and selfish to leave me, especially now, especially now, so you go ahead, leave and see how far that will get you.
And don’t look back, cause I tried to warn you, there’s no hope out there, nobody wants your beaten, downtrodden ugly face. Nobody’s gonna love you like I did, you worthless piece of shit! Go ahead, leave!!!!
I never loved you anyway, you were just a burden, a pain in my ass, why do you think I put up with you anyway?? I felt sorry for you. I knew no one ever, anywhere would find you worth their time, so I sacrificed my life for you. I gave up my favorite pass time so that you could be happy. I ate your crappy meals and watch those stupid movies with you. I did all I could to tolerate your ignorance and stupidity. And this is how you repay me??? Well, you will burn in hell for all of eternity!!!!!!!”
LOL, I couldn’t help myself, he looks so classic in this picture. LOL
#Britain Votes to Leave the #EuropeanUnion
14 African Countries Forced by France to Pay Colonial Tax For the Benefits of Slavery and Colonization
By: Mawuna Remarque KOUTONIN
Tuesday, January 28th, 2014 at 3:41 pm.
Africa-France-relationship. Did you know many African countries continue to pay colonial tax to France since their independence till today!
When Sékou Touré of Guinea decided in 1958 to get out of french colonial empire, and opted for the country independence, the french colonial elite in Paris got so furious, and in a historic act of fury the french administration in Guinea destroyed everything in the country which represented what they called the benefits from french colonization.
Three thousand French left the country, taking all their property and destroying anything that which could not be moved: schools, nurseries, public administration buildings were crumbled; cars, books, medicine, research institute instruments, tractors were crushed and sabotaged; horses, cows in the farms were killed, and food in warehouses were burned or poisoned.
The purpose of this outrageous act was to send a clear message to all other colonies that the consequences for rejecting France would be very high.
Slowly fear spread trough the african elite, and none after the Guinea events ever found the courage to follow the example of Sékou Touré, whose slogan was “We prefer freedom in poverty to opulence in slavery.”
Sylvanus Olympio, the first president of the Republic of Togo, a tiny country in west Africa, found a middle ground solution with the French.
He didn’t want his country to continue to be a french dominion, therefore he refused to sign the colonisation continuation pact De Gaule proposed, but agree to pay an annual debt to France for the so called benefits Togo got from french colonization.
It was the only conditions for the French not to destroy the country before leaving. However, the amount estimated by France was so big that the reimbursement of the so called “colonial debt” was close to 40% of the country budget in 1963.
The financial situation of the newly independent Togo was very unstable, so in order to get out the situation, Olympio decided to get out the french colonial money FCFA (the franc for french african colonies), and issue the country own currency.
On January 13, 1963, three days after he started printing his country own currency, a squad of illiterate soldiers backed by France killed the first elected president of newly independent Africa. Olympio was killed by an ex French Foreign Legionnaire army sergeant called Etienne Gnassingbe who supposedly received a bounty of $612 from the local French embassy for the hit man job.
Olympio’s dream was to build an independent and self-sufficient and self-reliant country. But the French didn’t like the idea.
On June 30, 1962, Modiba Keita , the first president of the Republic of Mali, decided to withdraw from the french colonial currency FCFA which was imposed on 12 newly independent African countries. For the Malian president, who was leaning more to a socialist economy, it was clear that colonisation continuation pact with France was a trap, a burden for the country development.
On November 19, 1968, like, Olympio, Keita will be the victim of a coup carried out by another ex French Foreign legionnaire, the Lieutenant Moussa Traoré.
In fact during that turbulent period of African fighting to liberate themselves from European colonization, France would repeatedly use many ex Foreign legionnaires to carry out coups against elected presidents:
– On January 1st, 1966, Jean-Bédel Bokassa, an ex french foreign legionnaire, carried a coup against David Dacko, the first President of the Central African Republic.
– On January 3, 1966, Maurice Yaméogo, the first President of the Republic of Upper Volta, now called Burkina Faso, was victim of a coup carried by Aboubacar Sangoulé Lamizana, an ex French legionnaire who fought with french troops in Indonesia and Algeria against these countries independence.
– on 26 October 1972, Mathieu Kérékou who was a security guard to President Hubert Maga, the first President of the Republic of Benin, carried a coup against the president, after he attended French military schools from 1968 to 1970.
In fact, during the last 50 years, a total of 67 coups happened in 26 countries in Africa, 16 of those countries are french ex-colonies, which means 61% of the coups happened in Francophone Africa.
Number of Coups in Africa by country
Ex French colonies Other African countries
Country Number of coup Country number of coup
Togo 1 Egypte 1
Tunisia 1 Libye 1
Cote d’Ivoire 1 Equatorial Guinea 1
Madagascar 1 Guinea Bissau 2
Rwanda 1 Liberia 2
Algeria 2 Nigeria 3
Congo – RDC 2 Ethiopia 3
Mali 2 Ouganda 4
Guinea Conakry 2 Soudan 5
SUB-TOTAL 1 13
Central Africa 4
Burkina Faso 5
SUB-TOTAL 2 32
TOTAL (1 + 2) 45 TOTAL 22
As these numbers demonstrate, France is quite desperate but active to keep a strong hold on his colonies what ever the cost, no matter what.
In March 2008, former French President Jacques Chirac said:
“Without Africa, France will slide down into the rank of a third [world] power”
Chirac’s predecessor François Mitterand already prophesied in 1957 that:
“Without Africa, France will have no history in the 21st century”
At this very moment I’m writing this article, 14 african countries are obliged by France, trough a colonial pact, to put 85% of their foreign reserve into France central bank under French minister of Finance control. Until now, 2014, Togo and about 13 other african countries still have to pay colonial debt to France. African leaders who refuse are killed or victim of coup. Those who obey are supported and rewarded by France with lavish lifestyle while their people endure extreme poverty, and desperation.
It’s such an evil system even denounced by the European Union, but France is not ready to move from that colonial system which puts about 500 billions dollars from Africa to its treasury year in year out.
We often accuse African leaders of corruption and serving western nations interests instead, but there is a clear explanation for that behavior. They behave so because they are afraid the be killed or victim of a coup. They want a powerful nation to back them in case of aggression or trouble. But, contrary to a friendly nation protection, the western protection is often offered in exchange of these leaders renouncing to serve their own people or nations’ interests.
African leaders would work in the interest of their people if they were not constantly stalked and bullied by colonial countries.
In 1958, scared about the consequence of choosing independence from France, Leopold Sédar Senghor declared: “The choice of the Senegalese people is independence; they want it to take place only in friendship with France, not in dispute.”
From then on France accepted only an “independence on paper” for his colonies, but signed binding “Cooperation Accords”, detailing the nature of their relations with France, in particular ties to France colonial currency (the Franc), France educational system, military and commercial preferences.
Below are the 11 main components of the Colonisation continuation pact since 1950s:
#1. Colonial Debt for the benefits of France colonization
The newly “independent” countries should pay for the infrastructure built by France in the country during colonization.
I still have to find out the complete details about the amounts, the evaluation of the colonial benefits and the terms of payment imposed on the african countries, but we are working on that (help us with info).
#2. Automatic confiscation of national reserves
The African countries should deposit their national monetary reserves into France Central bank.
France has been holding the national reserves of fourteen african countries since 1961: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon.
“The monetary policy governing such a diverse aggregation of countries is uncomplicated because it is, in fact, operated by the French Treasury, without reference to the central fiscal authorities of any of the WAEMU or the CEMAC. Under the terms of the agreement which set up these banks and the CFA the Central Bank of each African country is obliged to keep at least 65% of its foreign exchange reserves in an “operations account” held at the French Treasury, as well as another 20% to cover financial liabilities.
The CFA central banks also impose a cap on credit extended to each member country equivalent to 20% of that country’s public revenue in the preceding year. Even though the BEAC and the BCEAO have an overdraft facility with the French Treasury, the drawdowns on those overdraft facilities are subject to the consent of the French Treasury. The final say is that of the French Treasury which has invested the foreign reserves of the African countries in its own name on the Paris Bourse.
In short, more than 80% of the foreign reserves of these African countries are deposited in the “operations accounts” controlled by the French Treasury. The two CFA banks are African in name, but have no monetary policies of their own. The countries themselves do not know, nor are they told, how much of the pool of foreign reserves held by the French Treasury belongs to them as a group or individually.
The earnings of the investment of these funds in the French Treasury pool are supposed to be added to the pool but no accounting is given to either the banks or the countries of the details of any such changes. The limited group of high officials in the French Treasury who have knowledge of the amounts in the “operations accounts”, where these funds are invested; whether there is a profit on these investments; are prohibited from disclosing any of this information to the CFA banks or the central banks of the African states .” Wrote Dr. Gary K. Busch
It’s now estimated that France is holding close to 500 billions African countries money in its treasury, and would do anything to fight anyone who want to shed a light on this dark side of the old empire.
The African countries don’t have access to that money.
France allows them to access only 15% of the money in any given year. If they need more than that, they have to borrow the extra money from their own 65% from the French Treasury at commercial rates.
To make things more tragic, France impose a cap on the amount of money the countries could borrow from the reserve. The cap is fixed at 20% of their public revenue in the preceding year. If the countries need to borrow more than 20% of their own money, France has a veto.
Former French President Jacques Chirac recently spoke about the African nations money in France banks. Here is a video of him speaking about the french exploitation scheme. He is speaking in French, but here is a short excerpt transcript: “We have to be honest, and acknowledge that a big part of the money in our banks come precisely from the exploitation of the African continent.”
#3. Right of first refusal on any raw or natural resource discovered in the country
France has the first right to buy any natural resources found in the land of its ex-colonies. It’s only after France would say, “I’m not interested”, that the African countries are allowed to seek other partners…….Continued click the link below.
Please take a moment and go to this link to read the article in its entirety! http://mereja.com/forum/viewtopic.php?f=2&t=106735#p619879
AFRICANGLOBE – The West African Economic and Monetary Union (UEMOA) is an organization of eight West African states. It was established to promote economic integration among countries that share the Communauté Financière d’Afrique (CFA) franc as a common currency. The currency is issued by the Banque Centrale des États de l’Afrique de l’Ouest (BCEAO), located in Dakar, Senegal, for the members of the UEMOA. The union administers the West African CFA franc, now a Euro-pegged currency that is used in Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Read More…
A great illustration on how corporations take control of countries, and how capitalism drives the expansion of the Military Industrial Complex. Made by Studio Joho who have allowed me to upload their video.
In March 2008, former French President Jacques Chirac said:
“Without Africa, France will slide down into the rank of a third [world] power” and that Chirac’s predecessor François Mitterand already prophesied in 1957 that: “Without Africa, France will have no history in the 21st century”.
A hoard of cash sits in the Bank of France: $20 billion in African money held in trust by the French government and earning just 0.75 percent interest. Now economists and politicians from 14 Central and West African countries say they want their funds returned and an arrangement dating back to the days of France’s colonial empire ended.
France holds the money to guarantee that the CFA franc, the currency used in the 14 nations, stays convertible into euros at a fixed exchange rate of 655.957. The compulsory deposits started more than half a century ago, when the then-colonies had to place all their financial reserves in the French Treasury. The deposit requirement has dropped over the decades: Today the African members entrust 50 percent of their reserves to Paris. Source..
Three weeks ago, a rumour emerged that the CFA franc – two closely-related currencies used by 14 countries in western and central Africa – would be devalued by 35 per cent on January 1, 2012.
As a result, anxiety is taking hold of the 140 million citizens of francophone Africa. The devaluation could create a liquidity crisis and cause inflation rates to soar. Although the two governors of the central banks of Western and Central Africa have dismissed the rumour, the fact that French authorities and African heads of state failed to comment fuels peoples’ fears and could result in a massive financial outflow.
The eurozone crisis and France’s struggle to maintain its credit rating deepened fears that devaluing the CFA franc could be indirectly used as. Source
French Complicity in the Crisis in Central African Republic
By the end of 2013, “the White man’s burden” was proving too heavy to bear for France. Feeling militarily and materially outstretched, Paris cried for help from other European powers to help it shoulder “its responsibility” to quell violence, restore peace, order and political legitimacy in its backyards of Mali and Central African Republic, both in turmoil: the Islamists terrorists linked to Al-Qaïda in Maghreb (Aqmi), Boko Haram in Northern Nigeria and so on, are wreaking havoc in northern Mali and Christians and Muslims are hacking each other to death in Central African Republic (CAR). Both Belgium and the United States responded positively by providing logistics and transport for the French and African troops.
by Antoine Roger Lokongo
“Without Africa, France will slide down into the rank of a third [world] power.”
Chirac’s predecessor François Mitterand already prophesied in 1957 that ‘Without Africa, France will have no history in the 21st century’ (François Mitterrand, Présence française et abandon, 1957, Paris: Plon).”
61% of the coups happened in Francophone Africa.
Number of Coups in Africa by country
African Countries whose Official Language is French
In short, the Colonial Pact has created a legal mechanism under which
France obtains a special place in the political and economic life of its former colonies. Source: