Thursday, November 01, 2018

China gives France an ultimatum to end the colonial pact in Africa

The colonial pact (also called the regime of the Exclusive) is a trading system imposed by the European countries to their colonies in the seventeenth century and according to which the colony can only import products from the metropolis while it should export only to this one

Few people know it. But there are indeed secret agreements signed between the former French colonies and their former administrative authority, France. These agreements concern many areas, such as the military, politics, but especially economic agreements.
African countries must deposit their financial reserves with the Banque de France. Thus, France "keeps" the financial reserves of fourteen African countries since 1961: Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, France, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon.

China, which owns 40% of crude oil production in Congo, must transit through the central bank of France before bringing capital and funds to the Congo, which takes time and depreciates the Chinese currency.

China no longer wants this and will be ready for a change in the relationship France - Africa


Story here. 

No comment.  I just got to do some serious Googling.  Wait.  I will say this.  Who knew that European countries, in this case France, were still extracting money from their colonies in Africa???  I'm fucking floored.


Let me hit you with a serious question.

Who is the bad guy here?  France or China?  Who is standing up for the African states?  France or China?

My point is this.  It's obvious that China is acting in it's own interests but on the surface it can EASILY be stated that they're acting on behalf of those 14 African states!

This is gonna be beyond interesting to watch.

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