France Maintains Control Over It’s “Former Colony’s”Assets On January 3, 1966, Maurice Yaméogo, the first President of the Republic of Upper Volta, now calledBurkina Faso, was victim of a coup carried by Aboubacar Sangoulé Lamizana, an ex French legionnaire who fought with french troops in Indonesia and Algeria against these countries independence.
On 26 October 1972,Mathieu Kérékou who was a security guard to President Hubert Maga, the first President of the Republic of Benin, carried a coup against the president, after he attended French military schools from 1968 to 1970.
In fact, during the last 50 years, a total of 67 coups happened in 26 countries in Africa, 16 of those countries are french ex-colonies, which means 61% of the coups happened in Francophone Africa.
As these numbers demonstrate, France is quite desperate but active to keep a strong hold on its colonies what ever the cost, no matter what. In March 2008, former French President Jacques Chirac said: “Without Africa, France will slide down into the rank of a third [world] power”
Chirac’s predecessor, François Mitterand already prophesied in 1957 that: ”Without Africa, France will have no history in the 21st century”
At this very moment I’m writing this article, 14 African countries are obliged by France, trough a colonial pact, to put 85% of their foreign reserve into France central bank under French minister of Finance control. Until now, 2014; Togo and about 13 other African countries still have to pay colonial debt to France. African leaders who refuse are killed or are victims of a coup. Those who obey are supported and rewarded by France with lavish lifestyle while their people endure extreme poverty, and desperation.
It’s such an evil system, even denounced by the European Union, but France is not ready to move from that colonial system, which puts about 500 billions dollars from African countries, into its treasury year in and year out. We often accuse African leaders of corruption and serving western nations interests instead, but there is a clear explanation for that behavior. They behave so, because they are afraid to be killed or victimized by a coup. They want a powerful nation to back them, in case of aggression or trouble. But, contrary to a friendly nations protection, the western protection, is often offered in exchange, of these leaders renouncing to serve their own people, or nations interests.
African leaders would work in the interest of their people if they were not constantly stalked and bullied by colonial countries.
In 1958, scared about the consequence of choosing independence from France, Leopold Sédar Senghor declared: “The choice of the Senegalese people is independence; however they want it to take place, only in friendship with France, not in dispute. ”From then on France accepted only an “independence on paper” for its colonies, but signed binding “Cooperation Accords”, detailing the nature of their relations with France, in particular, ties to French colonial currency (the Franc), France’s educational system, military and commercial preferences.
Below are the 11 main components of the Colonization continuation pact since 1950s:
#1. Colonial Debt for the benefits of France colonization
The newly “independent” countries should pay for the infrastructure built by France in the country during colonization. I still have to find out the complete details about the amounts, the evaluation of the colonial benefits and the terms of payment imposed on the African countries, but we are working on that (help us with info).
#2. Automatic confiscation of national reserves
The African countries should deposit their national monetary reserves into France’s Central Bank. France has been holding the national reserves of fourteen African countries since 1961: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon. “The monetary policy governing such a diverse aggregation of countries is uncomplicated because it is, in fact, operated by the French Treasury, without reference to the central fiscal authorities of any of the (WEST AFRICAN ECONOMIC AND MONETARY UNION) “WAEMU” or the (Economic and Monetary Community of Central Africa) “CEMAC”. Under the terms of the agreement which set up these banks and the CFA , the Central Bank of each African country is obliged to keep at least 65% of its foreign exchange reserves, in an “operations account” held at the French Treasury, as well as another 20% to cover financial liabilities. The CFA central banks also impose a cap on credit extended to each member country equivalent to 20% of that country’s public revenue in the preceding year. Even though the BEAC (Bank of Central African states) and the BCEAO have an overdraft facility with the French Treasury, the draw downs on those overdraft facilities are subject to the consent of the French Treasury. The final say is that of the French Treasury, which has invested the foreign reserves of the African countries in its own name on the Paris Bourse.
In short, more than 80% of the foreign reserves of these African countries are deposited in the “operations accounts” controlled by the French Treasury.
The two CFA Banks are African in name, but have no monetary policies of their own. The countries themselves do not know, nor are they told, how much of the pool of foreign reserves held by the French Treasury belongs to them as a group or individually.
The earnings of the investment of these funds in the French Treasury pool are supposed to be added to the pool, but no accounting is given, to either the banks or the countries, of the details of any such changes. The limited group of high officials in the French Treasury, who have knowledge of the amounts in the “operations accounts”, and where these funds are invested; and whether there is a profit on these investments; are all prohibited, from disclosing any of this information to the CFA Banks or the central banks of the African states .” Wrote Dr. Gary K. Busch
It’s now estimated that France is holding close to 500 billion, of African countries money in its treasury, and would do anything to fight anyone who want to shed a light on this dark side of the old empire.
The African countries don’t have access to that money. France allows them to access only 15% of the money in any given year. If they need more than that, they have to borrow the extra money from their own 65% from the French Treasury at commercial rates.
To make things more tragic, France impose a cap on the amount of money the countries could borrow from the reserve. The cap is fixed at 20% of their public revenue in the preceding year. If the countries need to borrow more than 20% of their own money, France has a veto.
Former French President Jacques Chirac recently spoke about the African nations money in France’s banks. There is a video of him speaking about the french exploitation scheme. He is speaking in French, but here is a short excerpt transcript:
“We have to be honest, and acknowledge that a big part of the money in our banks come precisely from the exploitation of the African continent.”
#3. Right of first refusal on any raw or natural resource discovered in the country
France has the first right to buy any natural resources found in the land of its “ex-colonies”. It’s only after France would say, “I’m not interested”, that the African countries are allowed to seek other partners.
#4. Priority to French interests and companies in public procurement and public biding
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.
As a consequence, in many of the french “ex-colonies”, all the majors economical assets of the countries are in the hands of the french expatriates. In Côte d’Ivoire, for example, french companies own and control all the major utilities – water, electricity, telephone, transport, ports and major banks. The same in commerce, construction, and agriculture.
In the end, as I’ve written in a previous article, Africans now Live On A Continent Owned by Europeans!
#5. Exclusive right to supply military equipment and Train the country military officers
Through a sophisticated scheme of scholarships, grants, and “Defense Agreements” attached to the Colonial Pact, the Africans should send their senior military officers for training in France or French ran-training facilities.
The situation on the continent now is that France, has trained hundreds, even thousands of traitors and nourish them. They are dormant, when they are not needed, and activated when needed for a coup or any other purpose!
#6. Right for France to pre-deploy troops and intervene military in the country to defend its interests
Under something called “Defense Agreements” attached to the Colonial Pact, France had the legal right to intervene militarily in the African countries, and also to station troops permanently in bases and military facilities in those countries, run entirely by the French.
When President Laurent Gbagbo of Côte d’Ivoire tried to end the French exploitation of the country, France organized a coup. During the long process to oust Gbagbo, French tanks, helicopter gunships and Special Forces intervened directly in the conflict, fired on civilians and killed many.
To add insult to injury, France estimated that the French business community had lost several millions of dollars, in the rush to leave Abidjan. In 2006 the French Army massacred 65 unarmed civilians and wounded 1,200 others. After France succeeded with the coup, and transferred power to Alassane Outtara, France then requested that the Ouattara government to pay compensation to French business community, for the losses during the civil war. Indeed the Ouattara government paid them twice what they said they had lost in leaving.
#7. Obligation to make French the official language of the country and the language for education
Oui, Monsieur. Vous devez parlez français, la langue de Molière!
A French language and culture dissemination organization has been created called “Francophonie” with several satellites and affiliates organizations supervised by the French Minister of Foreign Affairs.
As demonstrated in this article, if French is the only language you speak, you’d have access to less than 4% of humanity, knowledge and ideas. That’s very limiting.
#8. Obligation to use France colonial money FCFA
That’s the real milk cow for France, but it’s such an evil system, it is denounced by the European Union of which France is a member, but France is not ready to move from that colonial system which puts about 500 billions dollars from Africa into its treasury.
During the introduction of the Euro currency in Europe, other European countries discovered the french exploitation scheme. Many, specially the Nordic countries, were appalled; and suggested France get rid of the system, but they were unsuccessful.
#9. Obligation to send France annual balance and reserve report. Without the report, no money.
Anyway; the secretary of the Central banks of the ex-colonies, and the secretary of the bi-annual meeting of the Ministers of Finance of the “ex-colonies” is carried out by The France Central Bank / Treasury.
#10. Renunciation to enter into military alliance with any other country unless authorized by France
African countries in general are the ones with will less regional military alliances. Most of the countries have only military alliances with their “ex-colonisers”! (funny, but you can’t do better!).
In the case France “ex-colonies”, France forbid them to seek other military alliance except the one it offered them.
#11. Obligation to ally with France in situation of war or global crisis
Over one million africans soldiers fought for the defeat of Nazism and Fascism during the second world war. Their contribution is often ignored or minimized, but when you think that it took only 6 weeks for Germany to defeat France in 1940, France knows that Africans could be useful for fighting for “la Grandeur de la France” in the future.
There is something almost psychopathic in the relation of France with Africa.
First, France is severely addicted to looting and exploitation of Africa, since the time of slavery. Then there is this complete lack of creativity and imagination, of the french elite, to think beyond the past and tradition.
Finally, France has 2 institutions which are completely frozen into the past, inhabited by paranoid and psychopath “haut (haunt) functionaries” who spread fear of apocalypse, if France would change, and whose ideological reference still comes from the 19th century romanticism: they are the Minister of Finance and Budget of France and the Minister of Foreign affairs of France.
These 2 institutions are not only a threat to Africa, but to the French themselves.
It’s up to us as Africans to free ourselves, without asking for permission, because I still can’t understand for example how 450 french soldiers in Côte d’Ivoire could control a population of 20 millions people!?
People’s first reaction when they learn about the french colonial tax is often a question: “Until when?”
For historical comparison, France made Haiti to pay the modern equivalent of $21 billion from 1804 till 1947 (almost one century and half) for the losses caused to french slave traders, by the abolition of slavery and the liberation of the Haitian slaves.
African countries are paying the colonial tax only for the last 50 years, so I think one century of payment might be left!