France Watch

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France Watch

Monitoring one of the foremost and bloodiest European imperial powers, France.



France accused of being complicit in the Rwandan genocide.



Also monitoring France's activity in its de facto colonies of west Africa, as well as Islamophobia, French terrorism and other activities.

[Bengal_Tiger]

How France loots its former colonies

Saturday November 21st, 2015 admin 0 Comment

14 African countries only ever have access to 15% of their own money!

Just before France conceded to African demands for independence in the 1960s, it carefully organised its former colonies (CFA countries) in a system of “compulsory solidarity” which consisted of obliging the 14African states to put 65% of their foreign currency reserves into the French Treasury, plus another 20% for financial liabilities. This means these 14 African countries only ever have access to 15% of their own money! If they need more they have to borrow their own money from the French at commercial rates! And this has been the case since the 1960s.



Believe it or not it gets worse.

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 can get better prices elsewhere, they can’t sell to anybody until France says it doesn’t need the resources.

In the award of government contracts, French companies must be considered first; only after that can these countries look elsewhere. It doesn’t matter if the CFA countries can obtain better value for money elsewhere.

Presidents of CFA countries that have tried to leave the CFA zone have had political and financial pressure put on them by successive French presidents.



No escaping the CFA Zone

Thus, these African states are French taxpayers – taxed at a staggering rate – yet the citizens of these countries aren’t French and don’t have access to the public goods and services their money helps pay for.

CFA zones are solicited to provide private funding to French politicians during elections in France.

The above is a summary of an article we came across in the February issue of the New African(and from an interview given by Professor Mamadou Koulibaly, Speaker of the Ivorian National Assembly, Professor of Economics, and author of the book The Servitude of the Colonial Pact), and we hope they won’t mind us sharing it with you influx, so here goes:



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).

Ownership of natural resources

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.

The contract must go to a French company, which incidentally has quoted an astronomical price

It is, again, the Colonial Pact that demands that in the award of government contracts in the African countries, French companies should be considered first; only after that can Africans look elsewhere. Itdoesn’t matter if Africans can obtain better value for money elsewhere, French companies come first, and most often get the contracts. Currently, there is the awkward case in Abidjan where, before the elections, former president Gbagbo’s government wanted to build a third major bridge to link the central business district (called Plateau) to the rest of the city, from which it is separated by a lagoon. By Colonial Pact tradition, the contract must go to a French company, which incidentally has quoted an astronomical price – to be paid in euros or US dollars.

From Parliament to resources

Not happy, Gbagbo’s government sought a second quote from the Chinese, who offered to build the bridge at half the price quoted by the French company, and – wait for this – payment would be in cocoa beans, of which Cote d’Ivoire is the world’s largest producer. But, unsurprisingly, the French said “non, you can’t do that”.central-african-republic-francois-hollande-china-oil







Overall the Colonial Pact gives the French a dominant and privileged 
position over Francophone Africa, but in Côte d’Ivoire, the jewel of the former French possessions in Africa, the French are overly dominant. Outside parliament, almost all the major utilities – water, electricity, telephone, transport, ports and major banks – are run by French companies or French interests. The same story is found in commerce, construction, and agriculture.

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.


The big questions

In what meaningful way can any of the 14 CFA countries be said to be independent?

If this isn’t illegal and an international crime, then what is?

What is it going to take for this state of indentured servitude to end?

How much have the CFA countries lost as a result of this 50-year (and counting) “agreement”? (Remember, they’ve had to borrow their own money from the French at commercial rates)

Do French people know they’re living off the wealth of African countries and have been doing so for over half a century? And if they know, do they give a damn?

When will France start paying back money they’ve sucked from these countries, not only directly from the interest on cash reserves and loans these countries have had to take out, but also on lost earnings from the natural resources the countries sold to France below market rates as well as the lost earnings resulting from awarding contracts to French companies when other contractors could have done things for less?

Does any such “agreement” exist between Britain and its former colonies, or did they really let go when they let go?

http://russialiberator.com/en/how-france-loots-its-former-colonies/

- France is an imperialist state enslaving countries in Africa to fund prosperity for white French people.

- It is also a mafia state engaged in state terrorism and genocide.

However like evil in general this will come to an end.

[Bengal_Tiger]

http://thisisafrica.me/france-loots-former-colonies/

[Bengal_Tiger]

French soldiers questioned over Central Africa rape allegations



A French soldier in the Central African Republic

By RFI
Four French soldiers were questioned in relation to accusations of paedophilia in the Central African Republic (CAR) on Tuesday in Paris, sources say. They are the first members of the French military to be questioned in the investigation, which started last year.

One of the soldiers, members of an infantry regiment based in Colmar, eastern France, was detained, while the others were questioned in the presence of lawyers, according to legal sources.

Investigators took statements from 11 children and several NGO workers in the CAR in July.

The French UN employee who wrote the report that brought the accusations to light is to be interviewed later this month after the UN has lifted her diplomatic immunity, sources say.

The accusations relate to alleged cases of statutory rape by members of the French military force in the CAR in a displaced persons' camp in the capital Bangui between December 2013 and June 2014.

They were initially made by six children aged between nine and 13 but others have since come forward.

Although he ordered the army to launch an internal inquiry after hearing of the accusations in July 2014, French Defence Minister Jean-Yves Le Drian has come under fire for keeping the accusations under wraps until they were made public by UK newspaper The Guardian in the spring.

http://www.english.rfi.fr/africa/20151208-french-soldiers-questioned-over-central-africa-rape-allegations