raumdeuter:


And if the election in Cameroun is not free and fair what is the business of the West? Will they still be the ones to conduct elections for you

raumdeuter:


Was that not because Gbagbo lost an election and refused to leave? So the West is also to blame for removing a man who lost an election and refused to leave

Abi what is your own recollection? Who won the eleciton between Gbagbo and Quatarra and what led to Gbagbos ouster

Ibime:


Dem go dey alright las las

Do anything wrong in Africa, and once you blame the West you go dey alright

MC Oluomo beat Mama Chinedu, blame West for not intervening

Gbagbo lose war and refuse to leave, causing a civil war, blame West for intervening

Blame West for taking 8 years to arrest Dieziani, blame same West for not arresting other politicians you provided no evidence against

West is looking like Akon right now

Griffon:


CFA Franc was at some point perceived to be a tool for the French neocolonial subjugation over 8 of her West African and 6 Central African colonies.

14 of these colonies who used CFA Francs were required to store 50% of their currency reserves with the Banque de France, and the currencies were attached to the euro.

Depending on the narrative you choose to believe, the French explained that this arrangement was aimed at shielding those colonies that issued their own currencies from the horrible effects of price inflation. To these colonies, however, it was believed to be a “neocolonial tax”, a brake on economic growth and a spit on their sovereignties.

No be today this thing play out.

larride:


It's a way to keep the bloodline pure.

The Targayen does it in A Song of Ice and Fire (The book that was adapted to Games of Thrones).

raumdeuter:


Have you seen the the Tyson Fury family on Netflix

Ibime:


How you rate am out of 10

iamoyindamola:
7/10
Them stingy with nudity, Roman empire is close to Sodom and Gomorrah but these ones are after politics 😡😡

izzou:

iamoyindamola:

If you watch Spartacus and Rome you will confirm my point😅😅

Go and seek forgiveness during tomorrow's Jumaat.

Wetin singles like us dey hustle for, you wan come drag am.

raumdeuter:


I have an idea of where its coming from and it doesnt make sense but I will like those who mentioned it to prove it though

popizaino:



https://www./14-african-countries-forced-france-pay-colonial-tax-benefits-arnold

Griffon:


CFA Franc was at some point perceived to be a tool for the French neocolonial subjugation over 8 of her West African and 6 Central African colonies.

14 of these colonies who used CFA Francs were required to store 50% of their currency reserves with the Banque de France, and the currencies were attached to the euro.

Depending on the narrative you choose to believe, the French explained that this arrangement was aimed at shielding those colonies that issued their own currencies from the horrible effects of price inflation. To these colonies, however, it was believed to be a “neocolonial tax”, a brake on economic growth and a spit on their sovereignties.

No be today this thing play out.

Spy360:

Also that any leader who attempts to deviate from this is forced out of power either through coup or rigged election. It happened in BFaso and Ivory Coast. If they cannot see how France influence politics in Africa by empowering their stooges through economic, political and military means then I wonder.

Ibime:


Of course you know what it is. Look at these guys. They expect to have a currency without foreign reserves, to eat their cake and have it. No clue about how monetary policy works, just shouting "colonial tax". The saying "a little information is a dangerous thing" was invented for narratives like this. It is better to have no knowledge of something than to have only a little knowledge and misuse it.

Make I clear una. Every country keeps foreign reserves to maintain stability of their currency. Nigeria keeps around $30-$40bln historically of which it spends over $10bln per year defending the Naira (buying Naira by selling dollar), yet Naira has gyrated from N22 to $ to N950 today since 1994

14 African countries keep $19 billion of their foreign reserves in a private French bank in order to stabilise the CFA and CFA has not moved one cent against Franc or Euro from 1994 till date. France has heavily subsidised CFA for the last 30 years in order to keep that stability. France has even asked for them to nominate 2 African banks to keep the money, they don't trust each others banks to keep that money safe.

Leaving or joining CFA is of your own free volition. Mali and Guinea left in the 1960s and begged to rejoin the 1980s after failing to keep their currency stable. Equitorial Guinea and Guinea Bissau who aren't even French colonies begged to join in the 1980s and were accepted.

We read from JP Morgan how Naira is gyrating because the true state of our reserves is only $3.3bln, yet 14 countries are perfectly defending CFA without blemish since 1994 for an average of just over $1bln per country

So the question now is if you outsource your monetary policy to an entity to protect your currency, where will you store the reserves needed to defend the currency. Who will bell the cat and open themselves up to false narrative? France do not keep nor use the reserves. It is kept in a private French bank which the CFA countries trust over their own banks. Eurozone ECB reserves are administered from Frankfurt, yet we don't read about Poles, Lithuanians, Spanish and co complaining of neocolonial tax to Frankfurt. You can only push such narratives amongst a poorly educated populace with a persecution complex.

Niger, Burkina Faso and Mali have their "independence" and have refused to float their own currency to escape this "neocolonial" tax. Why? Because they are the ones taxing France to keep their currency stable. France spends its own money to keep their currency stable and even French parliament are complaining about it.

Unfortunately for France, you cannot easily kick a country out of a common currency as they should do to the likes of Niger and co. Even Nigeria is free to ditch Naira and use CFA or dollar if they want, that's why countries use dollar when their currency becomes useless eg Ecuador, El Salvador, Zimbabwe use dollar fully and don't have their own currency, and countries like Argentina are planning to go that route. You don't need permission to use another man's currency. If e sure Niger, Burkina Faso and Mali, they should simply ditch CFA and use their own currency. We saw Robert Mugabe shouting "West, West, West", same Robert Mugabe ditched Zimbabwe currency for dollar in 2009 after all his ranting. True definition of hypocrisy.

If you think keeping foreign reserves with your currency issuer is a tax, please advise the African countries pictured to run their foreign reserves to zero.

Ibime:


It's simple. BFaso, Mali and co should float their own currency and escape the French Colonial tax. Mali left in 1962 and begged to return in 1984. Nobody is holding them. Lies can travel round the world but facts are stubborn.

Blame France, blame France, yet you don't want to leave CFA and go your own way because you know how CFA is subsidising you.

Ibime:


It's simple. BFaso, Mali and co should float their own currency and escape the French Colonial tax. Mali left in 1962 and begged to return in 1984. Nobody is holding them. Lies can travel round the world but facts are stubborn.

Blame France, blame France, yet you don't want to leave CFA and go your own way because you know how CFA is subsidising you.

Griffon:


You have your facts and they’re richly written boss.

However, why is this your analysis not capturing the fact that France is allowed to appropriate about 85% of their former colonies’ annual income. These countries face financial difficulties, and have to borrow back their own money from the French central bank as debts. To reclaim their funds, these countries are limited to applying for no more than 20% of the transferred amount. If they seek a larger sum, it can be vetoed. France argues that it is the money it spent on buildings and infrastructure constructed more than a century ago.

Griffon:

(3) 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.

Griffon:

(4) 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,

Ibime:


Of course you know what it is. Look at these guys. They expect to have a currency without foreign reserves, to eat their cake and have it. No clue about how monetary policy works, just shouting "colonial tax". The saying "a little information is a dangerous thing" was invented for narratives like this. It is better to have no knowledge of something than to have only a little knowledge and misuse it.

Make I clear una. Every country keeps foreign reserves to maintain stability of their currency. Nigeria keeps around $30-$40bln historically of which it spends over $10bln per year defending the Naira (buying Naira by selling dollar), yet Naira has gyrated from N22 to $ to N950 today since 1994

14 African countries keep $19 billion of their foreign reserves in a private French bank in order to stabilise the CFA and CFA has not moved one cent against Franc or Euro from 1994 till date. France has heavily subsidised CFA for the last 30 years in order to keep that stability. France has even asked for them to nominate 2 African banks to keep the money, they don't trust each others banks to keep that money safe.

Leaving or joining CFA is of your own free volition. Mali and Guinea left in the 1960s and begged to rejoin the 1980s after failing to keep their currency stable. Equitorial Guinea and Guinea Bissau who aren't even French colonies begged to join in the 1980s and were accepted.

We read from JP Morgan how Naira is gyrating because the true state of our reserves is only $3.3bln, yet 14 countries are perfectly defending CFA without blemish since 1994 for an average of just over $1bln per country

So the question now is if you outsource your monetary policy to an entity to protect your currency, where will you store the reserves needed to defend the currency. Who will bell the cat and open themselves up to false narrative? France do not keep nor use the reserves. It is kept in a private French bank which the CFA countries trust over their own banks. Eurozone ECB reserves are administered from Frankfurt, yet we don't read about Poles, Lithuanians, Spanish and co complaining of neocolonial tax to Frankfurt. You can only push such narratives amongst a poorly educated populace with a persecution complex.

Niger, Burkina Faso and Mali have their "independence" and have refused to float their own currency to escape this "neocolonial" tax. Why? Because they are the ones taxing France to keep their currency stable. France spends its own money to keep their currency stable and even French parliament are complaining about it. I for like see how desert countries overrun by jihadists who are net importers of food won't suffer widespread famine without the purchasing power CFA offers them.

Unfortunately for France, you cannot easily kick a country out of a common currency as they should do to the likes of Niger and co. Even Nigeria is free to ditch Naira and use CFA or dollar if they want, that's why countries use dollar when their currency becomes useless eg Ecuador, El Salvador, Zimbabwe use dollar fully and don't have their own currency, and countries like Argentina are planning to go that route. You don't need permission to use another man's currency. If e sure Niger, Burkina Faso and Mali, they should simply ditch CFA and use their own currency. We saw Robert Mugabe shouting "West, West, West", same Robert Mugabe ditched Zimbabwe currency for dollar in 2009 after all his ranting. True definition of hypocrisy.

If you think keeping foreign reserves with your currency issuer is a tax, please advise the African countries pictured to run their foreign reserves to zero.

Spy360:

Who are the 'you' ? Are they the Stooges of France or the people of West Africa in general? Because it is those who were installed by France since independence that have been holding the country down for France.

So it's not like the people want to remain subservient to France but France through using fellow Africans have forced the people to remain so. It is for this reason that we have the likes of late Thomas Sankara, and living Julius Malema etc.

afrodoc2:


In this case it wasn't really about keeping bloodline pure as many of those getting married did not have direct blood relationship (although some did) but more about marrying within a select number of families that could be trusted for political support.

Ibime:


The YOU is Mali who have kicked out France over 2 years ago and still continuing to use their CFA which is keeping them in bondage.

Stop talking about Thomas Sankara and other ancient of days. Mali current Government for the last 2 years have no dealings with France and are not controlled from France. They should exit CFA if it sure them say CFA na wickedness.

BFaso is now one year free of France influence. I don't see their central bank preparing to go it solo with their own currency

Niger expel France ambassador but won't dare think about expelling their CFA.

Everybody hate France but love their CFA. Shey na jazz CFA dey use?

demagoguery
/dɛməˈɡɒɡ(ə)ri/

noun

noun: demagoguery; plural noun: demagogueries

political activity or practices that seek support by appealing to the desires and prejudices of ordinary people rather than by using rational argument.
"the demagoguery of political opportunists"
Use over time for: demagoguery

Griffon:


You have your facts and they’re richly written boss.

However, why is this your analysis not capturing the fact that France is allowed to appropriate about 85% of their former colonies’ annual income. These countries face financial difficulties, and have to borrow back their own money from the French central bank as debts. To reclaim their funds, these countries are limited to applying for no more than 20% of the transferred amount. If they seek a larger sum, it can be vetoed. France argues that it is the money it spent on buildings and infrastructure constructed more than a century ago.

I hope it’s not equally lies traveling around the world when France introduced more conditions to this “taxation” having seen that these countries are rich in Natural resources.

These includes; (1) In the award of government contracts, French companies must be considered first, and only after that these countries could look elsewhere. It doesn’t matter if the african countries can obtain better value for money elsewhere. (2) , 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. (3) 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. (4) 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.(5) France will be in charge of redeployment of Troops by this countries, France will also be in charge of acquiring Military equipments for this countries.

I hope these aren’t lies too sir?

OkpaNsukkaisBae:
Imagine an African defending colonial masters.. Wonders shall never end....[b]abi una wey dey abroad dem 0yibos dey vet una social media presence.[/b]