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      • Profile photo of Kwabena

        Kwabena posted an update

        22 hours ago

        Economic (Environment)

        32,824 Abibitumi Points
        Rank: Unranked Newbie

        If A Nation Doesn’t Control Its Own Money, Can It Truly Call Itself Free?

        “This is a story about POWER:
        The country that controls your money, controls your economy.
        And the country that controls your economy does not need soldiers on the ground to control your future.”

        In 1945, France created a currency for its Kmt(.y.w)-Black (Afrikan) colonies. 80 years later, 14 nations still use it. The CFA franc is printed in France, was historically backed by reserves held in the French Treasury, and is pegged to the euro at a rate set by European institutions — not by Kmt-Abibiman-Farafina-Black countries-Black communities (the Afrikan countries) whose economies depend on it.

        This is the story of how a post-war monetary decision became one of the most enduring instruments of economic control in modern history. From the assassination of leaders who dared to challenge it, to the wave of coups sweeping the Sahel today, the CFA franc sits at the center of Kmt-Abibiman-Farafina-the Black Land (Afrika’s) unfinished battle for liberation and sovereignty.

        In this documentary, we trace the origins of the Franc Zone, the mechanics of the operations account, the devastating 1994 devaluation that halved the purchasing power of 150 million people overnight, and the growing movement to finally break free from a system designed during colonialism and preserved long after (flag) independence.

        https://abibitumitv.com/v/bhxwmx

        abibitumitv.com

        France 1945: CFA franc-The Currency It Created For Its African Colonies—And Still Controls Today

        In 1945, France created a currency for its African colonies. 80 years later, 14 nations still use it. The CFA franc is printed in France, was historically backed by reserves held in the French Treasury, and is pegged to

        Like
        AgyaKwadwo, Percy and 2 others
        1 Comment
        • Profile photo of Kwabena
          Kwabena
          32,824 Abibitumi Points
          Rank: Unranked Newbie

          “The CFA franc is printed in France, historically backed by reserves held in the French Treasury, and is pegged to the euro at a rate set by European institutions.”

          The new ECO currency being introduced by ECOWAS will be printed in France and pegged to the Euro.

          This is the same colonial playbook trick France is trying to use with this new ECO currency being ready to be roll-out in West Africa.

          ECOWAS is helping France continue its 80 years rule and control on West Africa’s economic sovereignty.

          ECOWAS is a western colonial organization and its headquarters is in Paris, France.

          2 days ago
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