France secretly owns 14 countries
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- čas přidán 23. 02. 2023
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Using the #CFA franc system, #France controls the #monetary sovereignty of 14 nations, making up nearly 200 million people.
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Didn't you upload basically the same topic some 3 years ago?
czcams.com/video/42_-ALNwpUo/video.html
The Libyan strong man Col. Qaddafi was taken out because he wanted to replace the French pegged African Franks with a Libyan money and back the currency with the Libyan oil wealth. Hence why even today Libya is torn in to pieces so it can never reconstitute itself. Plus the type of oil that yields good diesel fuel is from Libyan wells.
What role do the chinese have in all these matters?
Finally! A sponsor that isn't a scam.
Good to see it Shivan. I was starting to lose faith there for a bit.
No, thank you, I rather learn from your docs than waste my time on games.
Geez everyone talks about the UK and Spain when they used to rule colonies but France went in so deep they've never even properly left
Every single economy in the top 10 of the world feeds of others in one way or another in a predatory manner to maintain its position. All of them.
That's why French still love Charles de Gaulle.
@@konfunable no they like him mostly for his role in ww2 and his strategic thinking that elevated France on the world stage, a side effect of that maybe french neocolonialism, however I know no french that is proud of the fact we have francafrique, most of them just don't care about Africa I would say
france is indisputably the european country with the most colonial foreign policy today. it's also very apparent if you just look at where they send their military - to police former french colonies.
@@Ass_of_Amalek it may be but I was talking about french public opinion the fact is Africa is not something they think about a lot, no doubt the deep state does but the people not really
"Imperialism used to come through tanks. Now it comes through banks"
That rhyme tho
Caspian RAPort
Barz
And ultimately wanks
Except that it is wrong as France doesn't force nations to use CFA Franc
@@esanahka9284 did you even watch the video smh
Correction: Guinea Bissau was not a French colony. They adopted CFA Franc willingly in 1997 to stop high inflation they struggled to manage. Bissau is a Lusophone(former Portugal colony)
as ecuatorial guinea was a colony from spain
@MbogaTau I think he was talking about Guinea Conakry, not Bissau
@@rampage241 He's definitely talking about Bissau because
1. Bissau is on CFA map he shows. Conakry is not
2. He lists 14 CFA users. There are only 12 former French colonies that use CFA. Equatorial Guinea user & Bissau are other CFA users
3. Conakry, even though it's a former French colony, does not use CFA. Their first leader, Sekou Toure rejected CFA
@@juansalvador1192yes
Boum.
''Imperialism used to be spread by tanks , now it is spread by banks ''
-CaspianReport
Letter b is 2 , and a 6.
Letter t is a 2 , also
🥳🙈🙏
...backed by the threat of tanks!
Vladimir Putin would point out that plenty of imperialism is still spread by tanks.
Banks. Yes
For a long long time already!
It's not that deep, imperialism predates tanks by hundreds of years
I liked the way one writer phrased it: French decolonization of west Africa consisted of the French moving out of the offices labeled Gouverneur Général, and down the hall into the offices labeled Conseiller Technique.
Every big country has its zone of influence, USA in south America, Russia in caucase and central Asia, china and their partners etc. It is just a matter of strenght to keep those countries into their spheres, nowaday France loose weight againts china and Russia in Africa cuz they cant compete against both anymore
@Mira Moche true
The french left through the door but sneaked back in through the window.
@@ahas7031 its just how the World works, saadly or not if a weak country is'nt in that strong country's sphere, it is in an other one
@Mira Moche please tell me what's wrong with the video.
US: I own 50 states
Britain: I own 17 territories
Meanwhile France: I own 14 countries
And they don't even realize it, or at least they pretend that they do not.
Australia: We have six stares and ten territories and plenty of creatures that can kill you, including the Emus who we lost a war o in the 1930s.
@A B Canada: Does anyone have anything they would like to trade for Quebec?
Germany: You guys own Lebensraum?
anglos are the biggest terrorists and thieves in the world for centuries now, compared to them France is a silly amateur
anglo imperialism is the cancer or the world
Britain never left also, they implanted themselves in the mining industry.
What’s wrong with free market?
@@r-uu2qi
If free market is what's happening in Africa then what's happening in Africa is wrong with it.
@@EPUEPUEPUEPU no, Africa benefits from it
@@r-uu2qi clearly not
@@EPUEPUEPUEPU clearly, yes
Thank you for spending the time to create and share this content awareness 🙏🏾
"The most effective forms of control are those that are invisible". Spot on mate.
@Nogent No it´s not, but ask anyone out there. How knows about this? If those countries would be part of France on a map everyone would know about it and would be upset , but like this it is essentially the same and most of the people don´t even notice, even if it is obvious when you look into it. Most people just don´t care enough to look into such things and that´s how it´s invisible in plain sight.
Yes it is. How does the saying go?- the best trick the devil ever pulled was making people believe he doesn’t exist.
@@dergrodeutsche2211 I'm not even sure about that tbh. France's overseas territories (which are technically still France's territories) are largely ignored, wether it be by France's public opinion or other countries.
Our Ministry of Interior is currently running a big expulsion of Comorian people living on the island of Mayotte, destructing their homes in the process. And it's largely ignored by the majority of French people (and i bet you it'd also be even if there wasn't the pension reform crisis going on).
Overseas territories are often used to experiment very repressive techniques on populations. And France always gets away with it because they know no one cares about it.
Its like officially stop slavery but people do important jobs for 1000 $, blacks or whites.
All you need is strong Intelligence presence in a nation, help a puppet Traitor into office (Minister, Paralaiment, Media, Police force, General,...) and the rest is basically you own that Nation.
Anyone who wants change gets labeled Terrorist and executed.
Another form is to create a Terrorist organization such as ISIS, claim they control an area rich in Gold, Oil, Gas etc... send troops to fight them, then Never ever leave while stealing it all 🫡
It should be noted that basically all of Nigerias oil production is controlled by the Shell company, and that oil and gas is its main export. So switching the central currency to a Nigerian controlled currency would just change which European country controls West Africa
Actually ENI bought quite a large stake in Nigeria, which is not so bad, being less predatory, and forcing Shell to compete on more fair terms.
Corruption is the deadliest illness of Africa, with Politicians acting as tribal chiefs rather then elected beurocrats on a mandate.
what can us in britain even do about shell?
we are powerless against all of this stuff that happends and people still hate on our countries
@@Leptospirosi still with the control the shell company has over production, they could manufacture a rescission in Nigeria and topple any government which would go against them
@@QuandaleDingle-ji2tj cant really do anything mate, just focus on your own life
@@QuandaleDingle-ji2tj what can we do when your companies are in bed with our leaders and bribing them and we get blamed for our economic hardship
How has this gone on for so long without this story being told by the mainstream news?
Because Western governments are supportive of it. France is a major economic power in Europe and supplier of electricity and other raw materials in the Eurozone. They aren’t trying to rock the boat, but Black people around the world know what’s going on, they’ve just have been lacking the power to do anything by about it.
Western controlled media
You seriously have to ask that?? Because the mainstream news is just state media whose job is to push whatever narrative the western governments are pushing. And the fact that France still controls black African countries like this goes against the fabricated narrative that the West in general is more moral than anyone else and has superior values (western exceptionalism). A large basis for why the west (who comprise a minority of the world) puts forth the idea that it MUST control the rest of the world (the majority). So of course it's not reported on nor widely spoken about in western mainstream media. They need to maintain the illusion that the West= the good guys.
@@ancarwillis9060 Bingo!
exactly
Aged so well. Africans need independence
Then take it
Europe needs immigration independance too...
@@J0HN_D03 bruh immigration independence? What does that even mean??? Are you saying Europe must be free from Illegal immigrants or the immigrants gain independence?? I'm so confused
These parasites steal human labour and resources. Africa can kick them out once and for all with the help pf China and Russia
@@J0HN_D03 Gaddafi said "If I die Europe would be flooded with blacks" Did that stop France from participating in hostilities in Libya? Now pay the price.
I knew that France held some power its former colonies, but I had no idea that it had exploited them so badly.
Because its not true.
@@user-tp2ku9cc5v How is it not true?
@@user-tp2ku9cc5v everything in the video is false?
@@user-tp2ku9cc5v You’ve commented something along those lines multiple times under this video, but in none of your comments have you offered anything in the way of a substantial argument against the video-no direct repudiation of specific claims, no citation of sources refuting specific supposed falsehoods in this video, just blanket denialism of well-recorded, fairly easily verifiable fact. You may not like it, but everything in this video is true, and stuffing your fingers in your ears and crying ‘propaganda!’ will not change that.
So turns out Georgia Meloni was 100% right when she called out France in her speeches.
“The flags may be different, but the methods are the same.” - Viktor Reznov
You are right general.
Are you quoting the CoD character? The one who fought in the Red Army? The same army whom at the behest of the Soviet Union managed to violate the sovereignty of LITERALLY every single one of its neighbours during its 69 or so years of existence?
Quote isn’t necessarily wrong but you chose a garbage example
My name is Viktor Reznov and I shall have my revenge!!
@@Edmonton-of2ec the quote is correct for the character he suffered at the red army soviet bs too
@@Edmonton-of2ec Dude, he was put in jail by Stalin's regime. For all we know, he fought in the the Great Patriotic War and did no other thing before being sent to the Gulag
Africa’s political leaders are the ‘geniuses’ maintaining the situation with their ‘independent’ minds.
They should start business' with France friends which are strong for freedom like east or east north eu. France could do literally NOTHING
Puppets except for a few
@@casteretpolluxno they are free choosing corrupt scumbags stealing from their own people. They don’t do it for the west, they do it solely for themselves. Keep lying to yourself because you are too ashamed and humiliated to cope
Whenever an African leader tries to move their country away from France, they get couped or killed. Thomas Sankara is a very notable example and more are discussed in the video.
@@eduardog3000 that is such a freak disgusting lie you clueless fabricating scumbag. A coup is literally the worst outcome for western countries because it makes trade unstable and financial western blessings we give them, more likely to be stolen by those monster Africans from their own failure people
Recent events in Niger makes more sense to me now, thanks for the video
Niger was about a military coup so a general did not get fired.
It was not about French.
@@AL-lh2ht But NIGER IS BEING backed up by russia who know want the french outt
This scheme honestly sounds massively more profitable than actual colonialism.
It is. The US has been doing it in Central and South America for over a century.
Sure, a deposit of 70 billions euros that France cannot even use is more profitable for a country with a total wealth of 15 trillions euros than a political système when the said country had full control of half of Africa human ans material ressources...
this Caspian Report talk out of his ass, the african part empire has never been profitable and that's why De Gaulle dismantled it in the 60s. As for CFA, France get no benefit, most of the african trade is made with China, so what would they use instead ? yuans ? I am sure Caspian Report had rather dollars
@Il Cavalluccio Marino I still think it's crazy how people believe both that colonialism was a net profit for Europe but also that European countries abandoned their colonies because their post-ww2 economies couldn't afford them and never once think "hey, wait a minute...". Really goes to show just how much left wing academics control people's views on history.
@@crazeelazee7524 Colonialism was profitable before people realized they could demand sovereignty. Once they did, it became unsustainable. The dutch made absolute bank by controlling Java, Sumatra and the Moluccas. After WWII they were weakened enough for those regions to demand self-determination and couldn't hold onto them anymore. Same goes for France post WWII.
It simply became too expensive to suppress the will of the people. This has absolutely nothing to do with "left wing academics". And frankly, I don't even have a frickin clue what that would have anything to do with it, even if your assumptions were correct. Do you think these countries colonized half the world out of the goodness of their hearts? To "civilize the savages"?
Why do fair trade when you can do unfair trade?
-Every nation ever
Unfair trade usually is for corrupt officials to make loads of money for themselves
I want to mention the exception, but I know it will cause a ton of butthurt
@@mrniceguy7168 china
Nah. Not true. Those more friendly type nations just don't have military bases in foreign countries. Usually they are small so who can say what they'd do if they'd had the power. The old sayings: there are good and bad people in everywhere, and power corrupts. Fair trade tends to still be the norm because it lasts easier and doesn't cause extra problems, and humans are mainly peaceful if given the opportunity. They also (many of them) steal if given the opportunity. Anyway. It's never black and white. It's all big all changing gray blob where most people just try to survive and have what others have.
@@mrniceguy7168 What's the exception(s)? I promise I won't get butthurt.
Thanks for dedicating the time to research and produce this brief. Congratulations.
I never knew the Lagos port was part of the Bollore network. Explains why efforts to diversify from the port have failed so far
🇪🇹🇪🇹This is why I feel so proud and thankful to my Ethiopian fathers, who paid the ultimate price with their blood, to make my country independent from the Italians, not once but twice. We don't share any colonial stories with our other African brothers but a proud Victory Day history Stories. 🇪🇹🇪🇹
Hope the genocide in your country ends soon.
@@jf2siliconev278 nah italy actually lost a war to Ethiopia prior to WW1 and could conquer them only later before WW2, only to lose it again with the outbreak of WW2.
Italy owned you 🇮🇹🇮🇹🇮🇹
@@ifrahburalle6233 Well, that is another topic for another day. Although I agree with you to a certain point, If it wasn't for Chinesse direct investment in Ethiopia, Ethiopian economy wouldn't be where it is now, given to us with the lowest interest rate ever given to Ethiopia. Give us a lone with that rate instead of giving us salts and grains to keep us coming for more, to keep us begging over and over again. Ethiopia will be totally food independent, power independent by the end of the decade.
While Ethiopian independance is admirable, the end result has been more or less the same as most of Sub-Saharan Africa: political instability, economic stagnation, humanitarian crises... If anything Ethiopia contradicts the consensus that Africa's woes are solely the consequence of colonization.
Never clicked so fast on a CaspianReport video - this topic is probably one the most under-discussed aspects of modern geopolitics.
Under discused ? There isn't any geopolitical or economical channel that hasn't taken a shot at the subject. It's likely the 5th time I've seen a video about this subject, and all come to different conclusions
@@dorianodet8064 I say under-discussed in a relative sense of course. Very few major outlets esp MSM have touched this topic. If you've watched 5 for this topic, you'd probably see 10 other videos for any other topic of such global consequence.
@@dorianodet8064 If you compare it to say, Russia or Chinese affairs, this is under-discussed.
It will just depend where you are. We are talking about it a lot in France. But honestly a lot of the info in this video is BS, bias and fakenews. He didn't develop the economic side of it at all or the amount of investissement done by France and now by the EU. Let's be honest and let's think a little bit. The EU and France are very capitalist and have money and African countries are a very interesting market full of ressources and with a massive population.
@@reee_4067 Cause France action and Russia/China are not even remotely comparable ? Come on, be real.
This video has aged like fine wine,looking at the crisis in Niger,it explains why this video was important in detailing the subjugation of African nations by France. Right now anti imperialism is rife in French speaking Africa.
The headline in the thumb nail "How to hide an Empire" is actually the title of an hour-long video presentation by Daniel Immerwahr. He makes that point along the same lines as this video, but the empire he talks about is the global empire the United States has built.
I encourage everybody watching this video to go there next.
And Britain's Second empire does a similar expose about the british grip on ex colony finances
How to hide an empire: in plain sight.
Colonialism never went away it’s just more subtle and it will continue to exist long after since it’s how we humans progress
EU be like: I know you cannot do any wrong, moi beau.
@@thomasbootham2707 A bit like slavery
@@thomasbootham2707yup, plus China now is the newest colonial power and uses debt traps to secretly spread their territory/facilities and influence
@@studytime2570 eu litteraly doesn't have any power to change any of this.
What France did to Guinea genuinely put so much anger in me . that’s so disgusting and heartbreaking because it’s done to so many nations just because they want economic independence
France did so much bad in it's modern history, and it's almost never called out like the US or UK, which is just weird.
And yet Guinea ultimately reaps the rewards of having escaped this explorative system. They didn’t cave, which is admirable.
Update: Someone mentioned in the comments that a lot of the issues Guinea faced weren't just due to the French blockade but also due to it's own post-colonial leadership. Just pointing this out.
I think it was pretty badass. France is still a powerful nation, and it shows. Vive la France!
They should thank us. We shouldnt help
@@zerg230 I'm not sure about the UK but France's history of aggression and crimes makes the United States look like choir boys.
It would be more credible if you could list all your sources with links (+access time)/literature in the bio. Just as public CZcams channels also practice.
cope harder frenchie. you cant hide from the truth
@@zangrygrapes4571 Tbh he's right he should list the sources because I couldn't find a source for that Jacques Chirac quote either can you find me? While the video is true kinda it lacks sources
“Imperialisms used to be speard through tanks nowadays it can through banks”
Funny sentence but imperialism wasn't spread through tanks.
_"Most powerful countries will get their way by any means necessary"_ is one of the most accurate sentences said in history.
post ww2, france wasn't one of the most powerful countries anymore, it's just lucky at most
@@something3194 its powerful where it needs to be. russia, china, america wishes it had same empire as france
Also, one of the most inane statements of the "bleeding obvious" you're likely to hear today!!
“Better to be poor in freedom than rich in slavery” sounds like something Éamon De Valera would have said.
@@oscarosullivan4513 I don't know where or when, but I know I've heard this quote before ...
He who controls the money supply of a nation controls the nation. - James A. Garfield
Rothschild said something similar.
Keep the antisemitism out of this comment section.
@@sanitavoadora It's not antisemitic if it's true.
I don’t care.
........... - Kanye West
Very interesting! Do you have a list of sources, so that I can dive deeper in the topic? Thanks :)
Good work. Maybe this report helped the changes in Africa we saw in recents days ❤
Just a small correction. The Guinea colonized by France was just Guinea, otherwise known as Guinea Conakry.
Portugal was the one colonizing Guinea-Bissau.
Does not change that france controls E.G
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They chose the next Empire ,conflicts ,padnemic , wars ,crisis or support rebels to exterminat opposition or make distrubsion.
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As an American in schools in the 1970s, we were taught about the postwar world and how all the colonies of the European powers in Asia and Africa became independent. My gut feeling was spot on that behind the scenes the former European powers (i.e. France, Britain, and the Netherlands) still hold influence in these nations.
Yes very true, and Because colonialism and changing of languages , forming of new countries with mixing different ethnic groups , previously when something happened in Congo it was very hard for the English speaking countries to get wind , but lately because of the internet and passage of time we’ve become more aware of these atrocities, also American pharmaceuticals companies experimenting new medicines on Africans without any form of compensation, sterilised many individuals without their consent , created some abhorrent diseases, also we detest bill gates , im sure that’s why his wife divorced him anything from his foundation is of no good
Go read the book How Europe underdeveloped Africa, written by an academic
Nowadays history education of other places in the US is realy poor
Of course they hold influence, genius. Not the same as being in control.
In the case of the Netherlands, I don't think it is as true when it comes to Indonesia!
Do you log your sources? How can I learn more? I'd love to have a list to use to research this topic.
Better update the title in this video to ‘eleven countries’ as three of those countries have just kicked them out and more are sure to follow!
Thank you for shedding light on this!
As someone born and raised in “Francophone” West Africa, it is unusual for me to see our history explained this accurately to the world… And in English most of all.
What usually happens is that we, French speakers from Africa, make CZcams videos in French to denounce and explain the atrocious behavior of the French government in Africa, thus cutting out a big portion of the world from actually having access to the information because nobody is really interested in French CZcams videos.
All this to say that the very French language imposed to us, limits our ability to reach the whole world through means like CZcams and the internet in general in order to be heard and in order to expose the neocolonial French policy in Africa.
Once again, thanks for bringing awareness to the world on this!
Kudos !!! 🤜🏾🤛🏾
As a french, I am ashamed and learning about this extortion scheme my country is running... I would rather have us help these countries grow and create strong partnerships, exchanges ( cultural, technological, economical, ...) and such that would benefit every single one of these countries, including France but in a manner that would honor us. I know it is a Utopia in a way, but utopia is meant to be a light on the horizon for us to follow for direction.
It serves its function, the French language has a strong foothold in Africa, unlike in any other continent.
A lot of Africans understand French, for better or for worse.
I don't really agree that French is a "barrier" of sorts. It's still widely spoken around the globe. Maybe not to the extent of English or Spanish, but still widely used and understood. Having said that, I hope your country can become prosperous, without the French being behind your backs of course!
True, it's become a debate in other former colonies who don't use the CFA Franc, about whether to shift to teaching English instead of French as English is more widely spoken
Dump France before they turn your country into 1994 Rwanda
Being drunk at 3am paid off now I have Caspian Report to keep me up even longer thanks for all the content bro
Skål! From a beer drinking Norwegian at 10 in the morning.
Lol same here
You should all embrace Islam and stop drinking, cheers! 🍻
@@elvenkind6072 cheers from a vodka drinking American, if the world crumbles around me i hope to at least have a drink in my hand 🍻
@@IRosamelia I'll drink to that
Thank you for this highly informative piece. We were never taught such in school. This is probably the biggest stumbling block to the idea of a united one Africa. Wake up Africa and lets rid ourselves of this cancer.
Yes!
You do know much of africa hates each other right? How racist do you have to be to think africa is one ethnic group
Africa is waking up.👍🙂😊
Africa will never be united like the USA is, the best we can hope for is successful individual states that are on good terms with eachother and don't go to war every 20 years
Gonna discredit myself here but as an American, I think more African states should have a voice on the world stage, that's why I like the idea of the EAF
Alternative Title: France Secretly Economically owns 14 Countries
_There's nothing more agreeable in life than making peace with the status quo, and yet nothing more corrupting_
-- A.J.P. Taylor.
@@kingace6186 the Taylor quote actually says "making peace with the establishment".
As a Canadian, I can say that many colonies in many parts of the world are controlled by money that flows through the Toronto stock exchange. It is the biggest mining investment exchange in the world. Gold, diamond, silver, nickel, oil, cobalt, lithium, you name it. The companies mining those minerals are getting their main funding through the Toronto stock exchange.
where can i learn more about this, im a torontonian and didnt know this
What’s your point?
@@malolavigne2320 just because companies raise money on the TSX doesn’t mean Canada has hegemony over Africa. That’s nothing like what the French are doing. The original poster is diminishing French culpability by writing that.
Don't forget the wealth of the CEOs will flow to British Colonies e.g. Cayman Islands
Are you just saying that Canadian mining companies are investing in African countries cause like everyone does that US, Aus, UK, Germany, etc.
wow. So Meloni was not making it up.
Flawless intro!!!
From tanks to banks!!
Really appreciate you talking about the hidden structures of colonization. I think most people don’t realize how much is happening, I have been studying it for years and you taught me new things today!
They definitely don't. Especially in the West when we learn about colonization it's mostly that European nations "saved" Africa and that the only evil of colonization was the racism. They completely ignore the economic suffering and unfair trade practices while then preaching that the developing world needs to "play fair" while still swindling them of their resources.
@@rocketsfan05 This is why I'm glad more Africans are immigrating to France. In fact, I hope they become the majority. Karma and divine retribution exists.
Nope not many talk about it
@@rocketsfan05 That's BS and you know it
@@maas1208 lol you gonna cry?
Glad to see there is a channel who does call out imperialism where it actually exists
Well this isn’t it.. This channel is ran by an Azerbaijani, whose own country commits plenty of atrocities and attempts at imperialism. You won’t see him call out them. Watch any video he has about Turkey or Azerbaijan and you’ll see an immense amount of bias.
@@g1u2y345 Would that be finishing off Armenia.
Is The Dark Dragon implying Russia is not Imperialistic.
@@g1u2y345 well at least you know he’s getting the dirt when he talks about the west at least lol
Is this some kind of speciality? I've never heard anybody having a problem with calling out imperialism where it takes place
@@g1u2y345 No. That can’t be right. He’s not denying things like the Armenian genocide.
I live for the one liners at the beginning and end of these videos.
This is why France attacked Libya and killed Kadaffi
It’s usa not france 😂
@@miss-gatito369 they all are the same. They work together.
Me : Did your empire collapse?
France : Well yes but actually no
France: Honhonhonhonhonhonhonhonhonhon
France: Looks like it , doesn't it? 😉🤫
The documentary The Spider’s Web is about Great Britain’s second (financial) empire. I see the French have their own version of the Spider’s Web.
You say gdp per capita has not increased meaning that there has been no economic growth. But this is very simplistic.
From 1960 to 2022 the population of Ivory Coast increased from 3.50 million to 28.16 million people. This is a growth of 703.8 percent in 62 years.
So, the gdp of Ivory Coast has grown 700% is another way of looking at it.
I had some vague impression that France had influence in West Africa, but had no clue about all of this. Really informative video.
It's incredibly biased though. I invite you to do more research on your own and you'll see that many of the points he makes have been debunked.
@@jonathanrosado5818 like what
@@jonathanrosado5818 I appreciate your reply. I'm certainly hesitant of fully accepting info I get in this format (i.e., CZcams). I'm not sure where to begin since this is fairly large in scope. But point noted!
@@goodfish4856 There's several angles that I would look into if I were you:
-> are these African countries really coerced into keeping the CFA currency? Maybe in the 60's but not recently (hint -> Madagascar and Mauritania freely left the CFA, but their economies didn't fare well at all so other countries weren't too inspired to follow suit)
Why did Equatorial Guinea and Guinea-Bissau decide to adopt the CFA in the 80's and 90's despite being former Spanish and Portuguese colonies if the CFA is such a bad imperialist currency?
-> Is it really bad for their economies? You know how bad for a country an unstable currency can be. Look at Argentina or Venezuela. What alternatives do they have? Are they really more desirable?
-> Is it really CFA that explains their economic stagnation or is it rather local corruption?
Maybe it's easier to have a foreign scapegoat to explain away all the woes that affect your country.
-> Are the recent French interventions in the Sahel really neocolonialism? Or did they intervene because the local governments asked them to, in order to help them fight ISIS?
@@AM-mu2kvOut of all 14 counties he picks the economic performance of the Ivory Coast and compares it to its neighbours. He talks about its stalled economic growth and higher poverty rate than nearby Ghana.
Not once does he mention the numerous civil wars that occurred in the Ivory Coast. The comparison to Ghana is particularly conspicuous because Ghana had been relatively peaceful during the same period.
In other words, he's attributing the damage caused by a civil war to this currency.
It's blatant cherry picking and he's only so brazen this time because he knows the vast majority of his audience know nothing about West and Central Africa.
That "Imperialism through Banks, not Tanks" line is one of your best.
It's babble though. Europeans colonised Africa before the invention of the tank.
Banks can't force anyone to use their notes without tanks.
I agree so good but damn he has had so many good lines.
anglos are the biggest terrorists and thieves in the world for centuries now, compared to them France is a silly amateur
anglo imperialism is the cancer or the world
@@tomo_xD It's not just babble. It highlights the fact that colonialization didn't go anywhere while it is generally accepted that colonialization is wrong and that countries became decent and moved on. And it's not just France. Finance are the new ways to control a whole nation these days.
For those who understand French and are interested in learning more, there is a good book by African economist, Nicholas Agbohou, titled "Le franc CFA et l'euro contre l'Afrique". He also has YT video in French on that same subject.
Your country's elites are in on this they are 100% receiving slice of the money French banks are holding. It's you versus them the 99% vs the 1%
Un économiste rien que ça
Don't even try to pretend like England doesn't pull this sh** too.
Damn! I didn't realize how deep it went. This explains all the French military interventions in the region that previously left us puzzled.
It is anti-french propaganda. France don't have any colonies nor exploit african countries. This chanel is obviously against France
France,the devil's favorite son
You guys are crazy, most time France sent their armies is because the country government asked for it to fight terrorism
Mali requested france's help when they were getting overrun by the terrorists. thats literally it.
@@cementedrebar the earth is flat😒🙄
You didn't mention Thomas Sankara and Burkina Faso, but a very similar thing happened as in Togo. There's been many attempts to escape France's oppression in various different ways. But France crush it, either with force or "law".
Thankfully it looks like those days are over as France is losing it's power and prestige on the world stage.
It's getting harder and harder for them to push through their will in Africa. The tide is turning.
@@williamdavis9562 this tide must be very flat or something. france is losing favouritism with its European neighbours, not Africa. the hard truth is that African leaders are weak and "legally" france owns the majority of these countries. even if you try to buy yourself out of these ties france won't accept. why would they cut off infinite money for temporary money?
@@raeraesocraycray7702 As weak as Africa's leaders are France is losing it's influence worldwide and other players who perhaps offering to treat them a tad bit better are moving in.
China, Russia and Turkey have of late been trying to chip away at France's influence in different nations.
The most notable ones being Turkey in Libya and Russia in Mali. This is a slow process which has begun and is like a train. It will be hard if not impossible for a waning power like France to stop.
No one will have to "buy" themselves out of anything.
@@williamdavis9562 We're pushing for this inside of France too. That said, I just want to relativise one important thing on the video. Outside of oil products, France as a whole does not import or uses the huge majority of these ressources. We (and I include state owned french companies) are just an intermediary for the chinese. The utranium mines are a debt more than anything, and the huge majority of the uranium does not come from there. It's too expensive, too dangerous, and we're trying to find foreign company to take back the mines. No success yet.
Either way. On the ressources part, outside of oil, our presence is both useless for us, and reducing.
On the political side of things, we are trying to give foreign diplomacy power to the EU. French foreign ministry is just way too deep in shaddy deals and should be dismantled. Especially the african part of it.
@Marc Andrassy You don't know much about this channel do you?
Why is Guinea-Bissau on the list with the CFA currency ? It was a Portuguese colony years ago . How did it come to be grouped with the former French colonies ?
Bbc ,french news outlets,european news outlets,american news outlets will never ever dare show this
Let me quote a clever economic commentator, on this issue (M. Seminerio):
“Is fixed exchange a bad thing? This is probably the case, as is often the case with fixed exchange rate regimes. But what would be the alternative? Very simple: that the countries concerned leave the exchange agreement and create their own local currency, managing it independently.
They will have to borrow in euros or dollars or other hard currency, as is the case with emerging countries. A problem? It's not for sure. If the ruling elites in African countries are enlightened (and lucky), they may even succeed and grow a local currency which in the future may also be accepted in international trade.
If, however, such elites are unfortunate or rapacious, the local currency will end up on the sidelines, replaced by a thriving black market based on euros and dollars. Does anyone remember that Ecuador has a dollarised economy as a result of the hyperinflation that years ago incinerated the local currency, the sucre?
There is only one point: the CFA franc is a more or less hard peg to the euro. Emancipating yourself or trying to emancipate yourself is always possible. Succeeding in the enterprise is subject to uncertainty and high risk.
It's not like there are free lunches and freeways - you have to grapple with it. The two CFA francs are simulacra of the euro. The risk that the economy of the countries concerned will end up directly euroized, if and when they decide to emancipate themselves monetarily, is very high.
For now, the empirical evidence does not show large differences in performance between the countries of the CFA area and other Africans with their own currencies, which are often forced to defend against speculative attacks, with interest rate hikes.”
Well said.
That’s because barring few exceptions sub-Saharan African countries are extremely corrupt with weak democracies so that the citizenry can’t really vote out the corruption.These countries need their own currency though
Exactly i'm tired of people repeating the same lies without doing any research. I though this CaspianReport dude was more rigorous than that. He must be blinded by his negative emotions against France.
Thats completly puts aside the main argument.
AFRICAN MONEY IS IN FRENCH WHITE EUROPEAN HANDS AGAINST THEIR WILL! THAT IS CALLED TERRORISM.
AFRICAN MONEY STAYS IN AFRICA.
Even if theyw wanted to peg their currencies to the cfa/euro still the money can remain in Africa to be used for AFRICAN development and not to build up Paris.
Too bad your comment would only be read by few people.
Guine Bissau was a Portuguese colony (not a French one), independent since 1975 from Portugal, but they left his own currency and adopted the CFA currency in 1994, changing for the more stable currency of his neighbors!
Same for Equatorial Guinea, a former Spanish colony.
This video is misleading in that it leaves out crucial details like this to present the misconception that France still controls Africa like it used to.
Also not mentioned; how ex-French colonies in Africa; Algeria, Morocco, Tunisia, Mauritania & even Madagascar don't even use the CFA Franc. Why don't these ex-French colonies use the CFA either if France is supposedly still the imperial power?
@@spacecraftcarrier4135Algerians fought a war to resist the French attempt to exterminate them. The French fire bombed their cities and nuked their deserts.
Also those 2 countries where run by dictatorships who wanted French protection and sold out their own people/country for french guns.
Doesnt matter. Its West European after all.
Exactly, their is also a benefit in the cfa
@@Steyr32 "Algerians fought a war to resist the French attempt to exterminate them. "
Except Algeria population grew ten fold during the french colonization. Go spread your FLN BS elsewhere.
Just when I join the fight...boom, the world starts talking about it. I guess I'm a goodluck charm😅. From Cameroon, thanks to all those assisting and supporting African sovereignty.
I'm a Vietnamese. As you knew, my country were a French colony along with Laos and Cambodia. In fact, many people only know the good things that the French brought to Vietnam in particular and Indochina in general. They ignore the fact that the French colonialists also committed many crimes here. Many taxes such as the salt tax were introduced, which made the lives of people at that time extremely miserable. They were exploited to the point of exhaustion. During World War I, the people of Annam were also forced to leave their homeland to join the French army. It was the French who also brought opium to the land of Indochina, causing the people who had suffered from poverty to suffer from addiction. Many patriots have stood up to initiate patriotic movements against the French colonialists such as Yen The uprising, Duy Tan reform, ... and all have failed. They were taken to prison and tortured in the most cruel ways. Until Ho Chi Minh returned after 30 years of traveling abroad and led the people to stand up for independence. However, in 1946, France returned with the hope of having Indochina again. But no, they lost miserably at Dien Bien Phu and had to sign the Geneva Accords. And then I guess I don't have to say it anymore.
In fact, France is still hoping for a return and control of former colonies like my country. Their efforts are very weak now and no one cares about it. But seeing the way their colonization still appear in Africa makes my heart broke and I feel worry about the future.
Edit: No war in the comment, please.
Perhaps the French rule destabilized Vietnam which paved the way to the horrendous civil war. In 19th it was so common for post colonial countries to fall into civil war. Laos and Cambodia suffered a lot too.
@@onichanyayametekudasai I know Laos and Cambodia also suffer as much as Vietnam. But I don't understand the saying "It was normal for post-colonial countries to fall into civil war in the 19th century". Can you explain it? The rest I agree with you. The French invasion of Vietnam in 1946 was the biggest cause of the next war, the Vietnam War(1955 - 1975).
@@phamthituyetnhung7365 Colonial powers when repatriating in the 19th century didn't care much about what will happen in their former subject. A lot of civil conflicts in Middle East, Africa, India, SE Asia are one way or connected to selfish decisions made by colonizers. They could have left a more inclusive system.
@@onichanyayametekudasai Thank you.
That's a good thing, that Vietnam got red, harder for western colonial countries to influence it
Man, I didn't realize France still had that level of monetary control in Africa. Also, that closing line was rather chilling. Thank you for another interesting episode.
God be with you out there everybody. ✝️ :)
You didn't realize it because this video is just your classical anti french propaganda BS.
It mixes timelines, giving reals infos, urban legends and straight lies.
France never gave up their colonies. Those outside Africa are considered parts of France.
@@MN-vz8qm I use to work in one of the most diverse and multicultural environments you could find. We had immigrants from nearly every country on the planet at my site. Conversations regarding France’s influence in African Nations were common.
@@Veritas-invenitur a concentration of conspiracy theories i am sure... lately people from burkina faso were accysing the french of stealing cows to send thzm to Paris restaurants.
@@MN-vz8qm I believe that some of what was said had merit. Europe and the US do have significant control over many African Nations Governments. France has backed many African Nations into an economic corner. And Asian Nations are trying to take control in these regions from Europe and the US.
Do we have access to the sources used ?
Your videography skills are brilliant. Beautiful animations.
Some of the maps used are anachronistic. Spanish Guinea and Portuguese Guinea were not part of the CFA currency zone from the start. They joined voluntarily much later, and only after finally achieving indepence from the Franco and Salazar regimes, becoming the new countries of Equatorial Guinea and Guinea-Bissau, respectively.
Also, the map of ECOWAS members is incomplete, Cabo Verde and the Gambia are missing.
Wanna solve the migrant’s crisis tell France to leave Africa they are killing us
All you need is strong Intelligence presence in a nation, help a puppet Traitor into office (Minister, Paralaiment, Media, Police force, General,...) and the rest is basically you own that Nation.
Anyone who wants change gets labeled Terrorist and executed.
Another form is to create a Terrorist organization such as ISIS, claim they control an area rich in Gold, Oil, Gas etc... send troops to fight them, then Never ever leave while stealing it all 🫡
Were they not coerced into joining "voluntarily" due to France's economic and military tactics as mentioned in the video?
I'm in awe how CaspianReport manages to come up with such a fire lines to open and close up a video every time.
He always delivers 🔥🔥🔥
This is lazy France-bashing, nothing more. Cheap clickbait instead of actual research.
@@abraham2172 these are all facts that many educated Africans were well aware of. Read the story of Thomas Sankara of Burkina Faso. His successor and former friend/traitor installed by France is still in power till this day, almost 40 years later. Just one of many. Read a damn book
@@abraham2172 🤡🤡🤡 do u have facts to counter them?
@@abraham2172 the guy above me still waiting for your facts
I love the intros in your videos
As the French people can't trust the French government to act in their best interests it is hardly surprising that the people of West Africa can't rely on either the French government or their own, with or without French colonial interference. Of course, the same can be said about all other governments in the entire world without exception at least to my knowledge. If there was an easy answer to a problem that has haunted mankind since the Dawn of Civilisation itself I feel reasonably confident that we may have tried it at some time over the last 50-60 thousand years.
What seems to be the pattern is that for largely geographic reasons particular places in the world have certain inherent advantages over others. Over time this enables them to rise both economically and technologically above other parts and so makes it easier for them to exploit them. However, there is nothing inherently bad about being exploited as long as the net result is positive over time.
This wealth accumulation in what we call the colonial powers has over time filtered down to the common masses of these places, but it took a lot of time. It largely came about not by trade unions, socialism, revolutions, civil wars, or even democracy, which is an utter illusion even at the best of times, but because very rich people prefer not to have to step over the dead bodies of other people's children or deal with the stench of death and poverty outside their homes, offices, or mansion houses.
The rich tend to like building nice buildings that don't smell too bad or have poor people living in their newly made streets. They also worked out that it would be a good idea that their expensively trained and educated slave class lived long enough to get their job done of making them ever more rich and powerful, hench things such as The NHS.
Africans would be well advised to remember this and stop trusting either the French or their own governments to really give a damn whether they all live or die, because they don't, never have, and never will. Although hardly anyone distrusts and despised French, British, or US governments or the corporations that own them all more than myself, I suggest that as a general rule the Devil that you know is very likely going to turn out to be better than the Devil you don't. Indeed history tends to suggest that this is a truism especially when it comes to Africa but everywhere else in the world to my knowledge.
My advice is for African people to get smart and do all possible to get their own lives in order. Also, petition as best as you can for your French masters to show at least a modicum of mercy and human compassion. You never know they may actually have some.
Make them fully aware that doing this would be in their best interests otherwise, you are wasting your time. Simply hating on the French is not going to help, but contains every chance of making your condition far worse in every respect. A growing tourist industry is often a benefit to local people and so particularly hating on the French is not going to help that, now is it?
Whatever you do, try not to allow any so-called aid to come to your people via your own government or the UN as you will see less than none of it, or it will undoubtedly cause more problems than it solves. What you need is to be shown and helped to create your own local economies by becoming good community leaders, better parents, more efficient farmers, tradespeople, or manufacturers of at least something of real value to either yourself or others. This is what you need and so it is the very last thing that anyone in power will even promise you never mind want to give you. They will promise you plenty of jam tomorrow for doing less than you already do and give you less than you already have.
If you seriously believe that you are going to get your hands on even a small piece of the wealth generated by your country's natural resources if it ends up in the hands of your own government then you are deluded. Unless of course, you can get a job working for the government pointing guns at your own people, doing their gardening, washing their dirty underwear, or building them a new palace to live in. If you have no value to your rulers they will carry on treating you accordingly, whatever color skin they have will make no difference whatsoever.
Remember you will only get what it is in the interests of your rulers to give you or allow you to keep. Otherwise, they will either kill you or deliberately keep you in murderous poverty for eternity and a day.
I wish that I could be more encouraging but this is simply how the World works, and has always worked.
So should we normalise raped and mass murder then? Those things have always been around.
So should we normalise raped and mass murder then? Those things have always been around.
@@jbak87 Sorry, but I fail to understand what point you are making if indeed you are making one?
I feel colonized by Visa and Mastercard.
Hmmmm wonder which specific religion and race own those banks
@@keizser9558 Idk, maybe it starts with a J?
@@Hexagonian I'll never forgive the Japanese.
Visa & Mastercard are pretty much just financial communication companies.. it's the issuing bank that's loaning you the money
@@NoName-eq9md no, he's talking about the Jamaicans.
What's interesting is that Guinea-Bissau was a Portuguese colony, not French but still adopted the CFA franc in 1997
Equatorial Guinea as well, which was a Spanish colony.
The same with Congo owned by Belgium and shifting to the CFA
@@mobrown7594 that’s a different Congo. The one you are talking about is DR Congo or Congo Kinshasa and uses FC aka Congolese franc as their own unique currency
Excellent! Extremely informative.
Thank you for talking about the topic. As an African myself, I would have appreciated it if your video had been more thoroughly researched though. What does this graph at 6:19 represent? It seems that you are confusing money, currency with exchange reserves, and there's another mistake at 10:17. Typically, the OECD's statistical focus is on its member countries, so I have doubts that these graphs are from the OECD. According to the World Bank, Gabon's GdP per capita in 2022 was $8,017 = 5.4 million FCFA. Your table is referring to something different altogether.
He is a generalist not a specialist. We get the point-France is finding new ways to steal and they are cutthroat to any nation that stands up to them.
You’re welcome for the all the infrastructure and the foreign aid and the food aid when y’all are starving. And the vaccines when y’all have outbreaks. And when warlords take over your country and you need western military. Yeah. You’re totally welcome.
All you need is strong Intelligence presence in a nation, help a puppet Traitor into office (Minister, Paralaiment, Media, Police force, General,...) and the rest is basically you own that Nation.
Anyone who wants change gets labeled Terrorist and executed.
Another form is to create a Terrorist organization such as ISIS, claim they control an area rich in Gold, Oil, Gas etc... send troops to fight them, then Never ever leave while stealing it all 🫡
“Imperialism used to be spread through tanks, now a days it comes through banks” I listen to caspianreport for the bars 🔥🔥💯
France is what has stopped these countries from engaging in the same destructive money printing as the rest of africa. There's no way they actually receive any net benefit out of any of this.
But by all means, please let the rest of Africa follow the lead of Zimbabwe!
Who owns these banks? Hmmm
France also independently developed nuclear weapons, built its own aircraft carrier and jet fighter, maintains its own policy independent of much of NATO. France is still a power many people sleep on. They still are a military power and wield that power their sphere of influence.
Very informative, thanks.
this is very new to me. I have never ever heard or seen a video about this. enlightened to learn a new way in which empires still hold their colonies.
Because it's by the very nature of western media to tell you all the negative things about Africa to keep you in the dark. Africa is poor and it's leaders are corrupt is what they tell you. The truth is Africa is VERY rich but countries like France and others exploit it's leaders for their own gains. If Africa nations were to truly stand up it would be game over for the West and East for cheap goods and stolen resources.
All IS Fake in this video , he just dont like the France
I had to pause about 5 minutes in as I could feel my self getting too radicalised on a wednesday afternoon
Update: Niger, Mali and Burkino faso are no longer under france
and then they whine about immigration
Equatorial Guinea wasn't a French colony. It was a Spanish one and its official language is Spanish. They are surrounded by former French colonies so it made sense for them to join the French-designed monetary union with their neighbours.
"Silver or lead?", was the choice they were given. Same choice you get from a Mexican drug cartel.
There are 3 Guineas in Africa, Equatorial Guinea which was a Spanish colony, Guinea Bissau which was Portuguese and Guinea which was a French colony and the one Shirvan is referring to
@@vuyani6729 ABSOLUTLY, PEOPLE ARE SO IGNORANT
@vuyani Equitorial Guinea is 100% in the system though, he was right..
Interesting presentation, but it leaves some questions. How did Guinea-Bissau (former Portuguese colony) and Equatorial Guinea (former Spanish colony) get involved? How did Djibouti (formerly French Somaliland) get excluded? And the maps show Mauritania as excluded, although you imply that France is controlling their uranium production.
It retained the countries with the resources it needs, oil, urenium
The vid is filled with errors and misrepresentations.
All you need is strong Intelligence presence in a nation, help a puppet Traitor into office (Minister, Paralaiment, Media, Police force, General,...) and the rest is basically you own that Nation.
Anyone who wants change gets labeled Terrorist and executed.
Another form is to create a Terrorist organization such as ISIS, claim they control an area rich in Gold, Oil, Gas etc... send troops to fight them, then Never ever leave while stealing it all 🫡
@@JeezVinceIndeed the video is clearly pro french imperialism it's a celebration not informative. Funny fact by the time of this video France started to be ousted from its empire... Now we all see it shackled, caspianreport channel never addressed the topic about the new dynamics between France West Africa and Russia. 🤔 Propaganda?
Kinda funny that right after he said 'Imperialism used to spread with tanks, nowadays it comes through banks' and there comes the tank, sponsor warthunder
Equatorial guinea and guinea bissau weren't colonies. They are part of the CFA france because they requested to be part of it. Any west or central african can either join or leave a franc zone. One thing that has been forgotten to be mentioned is that the practice of french neocolonialism was also done by the french community which composed of member states that were french colonies by having the constitution that had restricted the sovereignty of 12 african nations by reaffirming france in dominance of current affairs, currency and economic policies.
Now THIS is the type of content I subscribed to Caspian Report for! I hadn't watched in months but clicked this as soon as I saw it
I remember you making a video about this a few years ago. Glad to see an update on this topic.
This aged well
like a fine wine!!
Ho Chi Minh once said: Nothing is more precious than independence and liberty.
Trust me this one never gets old
I like his sentence "Change is the only constant in life" ... That reminds me of the song by The scorpions "winds of change"
Mali no longer recognises French as an official language.
Is that true ? Sounds like the first step towards independence. It would be cool to see West Africanb nations become independent, French-free countries.
@@al-hilalgames5708 They gonna recognize russia as a language if it continues. Wagner has been very prolific in that region. They were able to oust out the french, by making the government do it (the govt asked france's help in the first place). They are trying to frame the french several times, and have even been caught doing so. France24 has a very good reportage on that.
Insightful! Revealing. A stunning report
Here in Mexico, our central bank does not even hold our own gold, it is held in London.
As a citizen of one of these nations Caspian I thank you for highlighting this exploitation we have endured for years
Vous êtes libres d'en sortir. Ça prend le temps d'imprimer une monnaie et de régler les quelques questions des dépôts. Des états l'ont déjà fais. On a vue le résultat. Arrêtez de chialer si vous ne voulez plus bénéficier des garantis de dépôt sur les taux d'emprunt français, sortez du FCFA. C'est pas plus compliqué de ça.
You're not being "exploited". Its what has stopped these countries from engaging in the same destructive money printing as the rest of africa. By all means, follow the path of zimbabwe, see where that leads you.
@@jasonmaguire7552 Zimbabwe is essentially the worst case scenario.
But if you look at the situation on average the nations within the CFA have lower living standards and lower economic growth than those outside of the CFA.
Just because that continent has trouble getting certain things don't doesn't automatically make it okay for France to rob them for so long.
You're using the logic of a sociopath. The idea that they're helping their victims.
@@gringologie9302 Rohh parceque ça vient de la bonté de coeur de notre gouvernement d'aider ces pauvres petites nations africaines sans rien en tirer?
@@evryatis9231 Assurer la stabilité financière d'un pays présente des intérêts en soi qui ne sont pas forcément liés à de l'exploitation. Les Etats-Unis ont assuré la stabilité financière du monde au sortir de la deuxième guerre mondiale sans pour autant que cette stabilité ait pris une forme exploitante (il semblerait farfelu de dire que les Français ont "enduré l'exploitation" de la convertibilité du dollar américain au sortir de la guerre). Les pays CFA sont pour la majorité des pays francophones. La France, étant un des pays francophones les plus proches et les plus développés, a intérêt à ce que les pays d'Afrique francophone soient stables financièrement et économiquement, car, déjà, si la région perdait sa stabilité économique alors la première destination des migrants économiques serait sans-doute la France, or l'opinion française ne semble pas favorable à une hausse de l'immigration. La France a intérêt à ce que la région soit stable économiquement, car de nombreux ressortissants français vivent ou ont de la famille dans la région et car la région reçoit et a reçu beaucoup d'investissements de la part d'entités françaises. Une instabilité économique à l'échelle régionale entrainerait une perte de capitaux investis. De plus, cela fragiliserait le commerce au niveau régional ce qui à termes aurait des conséquences délétères sur le commerce international (bien que la région ne soit pas la Chine non-plus). Depuis l'introduction du système euro, le gouvernement français a beaucoup moins de contrôle sur la monnaie. Celle-ci est une prérogative presque exclusive de la banque de France, une entité indépendante sous le contrôle de la banque centrale européenne. Le gouvernement lorsqu'il traite du franc CFA ne le fait presque que par prestige, en réalité toutes les discussions qui concernent ou intéressent la banque de France doivent se faire en accord avec celle-ci. La banque de France ne tire pas grand-chose d'assurer la convertibilité de ces monnaies en euro à part de se positionner en acteur important de l'euro-système (en réalité assurer une telle convertibilité est un risque pour la banque de France). D'autres banques du système européen assurent la convertibilité en euro de monnaies de pays étrangers , c'est le cas de la banque centrale allemande pour la région balkanique et de la banque centrale portugaise pour la région afro-atlantique.
Anyway you could give sources ? I feel some of this stuff is taken out of context and is implied not directly stated or known
This video is very approximative and share even fake Informations.
Love your videos but the audio keeps buffering and cutting out.
Only for you
Do another video about how Britain controls Nigeria (hint royal Dutch shell)
Your video keeps making the same mistake. Although Equatorial Guinea uses the CFA Franc, it was a Spanish colony until 1975. It would have been interesting to understand why they chose to adopt it, since they had their own currency before
Because the deal CFA presents has to look enticing from the outside, but the reality is they only control (as per this video) 33% of their export funds. Another CZcamsr some time ago simply put it like this, African nations send their gold, diamonds, oil, etc and they get paper francs in return. That alone should tell you enough.
@@keeshans5768 Which is false.
Just check where french oil come from and we dont buy diamond or gold... Ask china for it.
Because Equatorial Guinea is in the CEMAC trade zone where all the other countries where colonized by France, except them soo inorder for them to trade with it's neighbors easily they would have to adopt the common CFA
I think it's important to note though that France no longer gets a majority of its uranium from Africa, and has since diversified its security of energy
20% of uranium comes from Niger
it sells uranium to other countries and makes real market money. who knows where france gets the rest of uranium from. we only get a limited amount of information.
Today they are fighting Niger for it's Uranium