The Pact for the Continuation of Colonization - How France Put Black Africans Back In Slavery!

#France #African #america Spotify Link - Listen Now: https://podcasters.spotify.com/pod/show/realblackforum/episodes/The-Pact-for-the-Continuation-of-Colonization---How-France-Put-Black-Africans-Back-In-Slavery-e27033t Article Link: https://www.pambazuka.org/governance/france-still-robbing-its-former-african-colonies Blog: https://realblackconsciousnessesforum387099824.wordpress.com/ Email the podcast: [email protected] Join us as we have a conversation about The Pact for the Continuation of Colonization which is officially called French colonial pact. According to Pan African Visions: THE COLONIAL PACT It is the Colonial Pact that set up the common currency for the Francophone countries, the CFA Franc, which demands that each of the 14 C.F.A member countries must deposit 65% (plus another 20% for financial liabilities, making the dizzying total of 85%) of their foreign exchange reserves in an “Operations Account” at the French Treasury in Paris. The African nations therefore have only access to 15% of their own money for national development in any given year. If they are in need of extra money, as they always are, they have to borrow from their own 65% in the French Treasury at commercial rates. And that is not all: there is a cap on the credit extended to each member country equivalent to 20% of their public revenue in the preceding year. So if the countries need to borrow more than 20%, too bad; they cannot do it. Amazingly, the final say on the C.F.A arrangements belongs to the French Treasury, which invests the African countries’ money in its own name on the Paris Bourse (the stock exchange). It is also the Colonial Pact that demands that France has the first right to buy or reject any natural resources found in the land of the Francophone countries. So even if the African countries could get better prices elsewhere, they cannot sell to anybody until France says it does not want to buy those natural resources. So yeah, just tap in to the conversation as we discuss the matter. Make sure you like, share, and comment! Thanks in advance! RBCF! Hashtags: #imperialism #antiimperialism #imperialismo #antiimperialismo #fuckimperialism #usimperialism #imperialisme #deathtoimperialism #endimperialism #anti_imperialism313 #americanimperialism #antimperialism #smashimperialism #endusimperialism #culturalimperialism #downwithimperialism #britishimperialism #stopimperialism #notoimperialism #neoimperialism #noimperialism #westernimperialism #hentikanimperialisme #fightimperialism #downwithusimperialism #newimperialism #japaneseimperialism #notousimperialism #imperialismoyankee #resistimperialism #abajoelimperialismo #whiteimperialism #noimperialismo #economicimperialism #arabimperialism #corporateimperialism #spanishimperialism #fuckamericanimperialism #endwesternimperialism #endborderimperialism