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THE CFA: A Scheme of Enslavement and Programmed

Generational Poverty of the African People

 

Background of the CFA

 

The CFA is a substandard French currency that was created in December of 1945 by France, under general Charles De Gaulle. The actual treaty is referred to as the Bretton woods treaty which occurred at the end of WWII. The object of this currency was exclusively to maintain economic and monetary control of the French colonies in preemption of their independence.

 

 

The countries of northern Africa such as Morocco, Algeria and Tunisia declined to adopt this currency, because they saw it as an affront to their sovereignty and independence. 14 sub-Saharan francophone African countries on the other hand, probably out of ignorance, fear –or a combination of both-- accepted the currency without resistance or debate.

Where did France get this --evil genius-- idea from ? Well, when Nazi Germany invaded France, the first thing it did was to seize its currency by creating an account –for France-- in the German treasury. This account was meant to be the only account that the occupied France was to use for all of its external financial transactions. The second thing Nazi Germany did was to devalue the French currency. The devaluation makes it possible for the Germans to dominate the occupied France economically. That way with a few Deutschmarks, a German citizen could buy huge amounts of lands, real estates, properties, businesses and goods for cheap, without leaving Germany. Just transfer a few Deustchmarks to this account and bingo, you just bought the Eiffel tower or a huge piece of real estate in Paris. It all happens in Germany, the German buyer --citizen or business-- doesn't need to go France for this purchase. The scheme essentially allows Germany to put France up for auction in Germany.

So Nazi Germany did two things: First create an account in the German treasury where all the French financial transactions are done, and second, devalue the currency of the occupied country, in this case France.

This was the economic "template of occupation" that Nazi Germany used for all the countries it occupied during WWII.

France must have learned --really hard-- the tricks of economics of occupation and enslavement through the scheme that the Germans subjected it to.

After France was liberated in WWII, --with the help of some poor African soldiers who shed their blood, I might add,-- it applied the lessons learned from Germany to its colonies.

 

And in 1945, at the Bretton woods treaty, in which no Africans were represented --as usual--, France created the CFA franc, as a substandard French currency to be used exclusively by the colonies. It must be noted that France itself does not use this currency and never has. The CFA was created to be only used by the colonies. Thanks to the “economic template of invasion” learnt from Nazi Germany, France created an account for these colonies –one for each— in the French treasury called “Comptes d’Operation”. This is the account each of these colonies must use for all their foreign financial transactions. If you sell any exports to the world, the money must be paid to this account in Paris. If the country is awarded any loans, any foreign assistance, the money must transact through the “Comptes d’Operation”. The Comptes d’Operation is the only way to do business at the international level, and only the French Government has control over this account. France is the middle man, the gateway to the world markets that intercepts all your transactions and all your money.

If a colony needs money to build roads, schools, hospitals, businesses, or any infrastructure of any kind, the project must be approved by France, before the money can get disbursed to the colony. And when these countries became independent –on paper only--, these unfair and disgraceful agreements remained unchanged.

All the African freedom fighters of the time, such as Um Nyobe, Ernest Ouandie, Patrice Lumumba and others, who tried to even raise the prospects of amending this flawed and enslaving agreement were mercilessly assassinated, thanks to the tribal divisions in Africa. The white man just need to set the Haoussa guy against the Bassa or the Bamileke, and he gets the heads of Um Nyobe, Ernest Ouandie, and other freedom fighters served on a platter. --without leaving his chair--.

If a President of an ex-colony –now independent-- needed to pay its civil servants, France must approve the amount –to the last dime- before the money can be withdrawn from the “Comptes d’Opeartion”.

If a dictator refuses to cooperate with France in any way, shape or form, well France can just cut off the lifeline, starving the country economically to death, by denying to release any money. –their money--.

 

If all this sounds familiar to you, it is because it is. Laurant Gbagbo was chased from power because he could not pay his civil servants and his military for 6 months, because France refused to give him money to pay his people and military. Pascal Lissouba of Congo --a democratically elected president-- was driven out of power because France obstinately refused to release money to pay the civil servants and military, and as a result, their tiny economy crashed, inciting an uprising that drove him from power. Then France's chosen negro, Sassou Nguesso got back to power and restored all the master's scheme and agreements.

France controls the so called FrancAfrique through the CFA. It is through the CFA that our dictators are eternally subservient to its policies in exchange for everlasting power over the people. Once you become president, you follow the rule or you get the hell out of power. The countries of FrancAfrique constitute the raw material of France, its plantation, with the African dictator as the Chief Executive. These dictators are exclusively serving France’s interest and not their peoples’. The CFA is France's absolute weapon of enslavement and programmed generational poverty of the African people.

You must understand how our countries are governed. Your president is only there because France, who holds the purse or the pocket book allows him to be there. Our country is not independent, the people are not sovereign, they can’t freely pick their leaders. France will dictate what your president does and does not do. Your president works for the colonial master and not for his people.

Let us take a closer look at the certificate of generational enslavement of the African people, namely the Bretton woods agreements.

 

These are the 5 principles of the CFA franc that were drafted in the Bretton woods agreement.

 

1- The creation of the “Comptes d’Operation”. This is the account created by France in the French treasury that holds all the assets of the colonies/countries. There is one account for each colony. All financial  transactions of the colony/country must go through this account. France is the sole owner and decision maker of this account. There may be 14 African and two French administrators at the BEAC or BCDAO, but because each has the power of veto, it takes just one voice for France's position to prevail.

2- The centralization of the reserves in the French treasury. This clause of the agreement states that the revenues of the our exports must –and can only— be deposited in this account in its entirety. The percentage was reduced to 65% in the 90s. For instance, Cameroon can’t trade with China, Nigeria or South Africa directly, because all movement of capital and currency must transact through Paris, France.

3- The fixed parity of the CFA to the French franc and the Euro. The fixed parity means that the CFA is pegged to the French franc or the Euro. Its value does not change irrespective of how good or how bad your economy performs. While this may sound flattering, it is a very bad economic principle for our countries. With everybody in one basket, Cameroon and Central African Republic are considered the same in that respect. When France decides to devalue the currency as was the case in 1994, Cameroon and Central Africa are treated exactly the same. It is the principle of all slaves are equal.

4- The convertibility of the CFA to the French franc and the Euro. The CFA can only be converted to the French franc and now the Euro. Take the CFA to Russia, China or the US (and even in some countries of West Africa) and no one will convert it for you directly. All conversion transaction must involve France in some manner. When you send a Western to Cameroon, rest assured that the transaction involves France in some manner, that you don’t know. Take the dollar or the euro anywhere in the world, and bingo it is converted for you.

5- The free transferability of capital between France and the colonies. This clause states that you can move --any amount of-- capital freely between the colonies/Countries and France and France only. When ELF or TOTAL and other French companies exploit our oil, our forestry, our natural resources, they have the right to take all their money back to France. They don’t have to invest a thing in Cameroon, in some cases they don’t even pay any taxes as in the well known case between Ali Bongo and ELF in Gabon.

 

So, we must understand that the CFA is not our currency. The CFA does not operate out of the African continent nor is it even printed there. It only operates out of Paris, France. The currency reserves of Cameroon, the proceeds of our exports are all stored in France, an ocean away from our people and our country. Through the CFA, our country and the future of our children are being auctioned to the lowest bidder in Paris, far from the eyes and knowledge of the African people.

Your president can announce that a University will be built in Bamenda, a new highway will be built between Douala and Yaounde, a new bridge on river Wouri, an new sea port will be constructed in Kribi, a new water and electricity plant will be built here and there, if France says no, nothing will be built, because our country's pocket book holder refuses to release our money from the "Comptes d'Operation". That is precisely why after 50+ years of independence, these FrancArique countries can't develop. The future of these countries is decided in Paris, France, an ocean away from our people, and by people who do not like us and have no interest in seeing our people and children prosper and pursue happiness.

 

So, this is the sad predicament of our country. This is the carnage we find ourselves in. The CFA is the modern noose that has strangled the sub-Saharan African man to irrelevance and impotence at the world economic stage. The CFA is the only currency that is not studied in France. You can earn a PhD in Monetary Economics in France or Cameroon, and never will you be thought the operational mechanisms of this trojan horse of a currency called the CFA. Even most French citizens have no idea of how this currency operates. And when they do learn of it, they are flabbergasted that the African people are letting this flagrant injustice stand. The CFA is a dark secret only known to the French elites in power who are perpetuating the enslavement of the African people, while sustaining their socialist country whose economy has frozen now for several decade. We, the Africans, through the CFA and the “Comptes d’Operation” are financing the extravagant socialist lifestyle of the French people. France, a small country with no natural resources is still ranked among the G7, through the blood and sorrows of the African people.

Educate yourself on the CFA and share your knowledge with others. And when you do, you will arrive at one and only one conclusion: There is one and only one solution to our problems: Get rid of the CFA !! All of our struggles for freedom and democracy culminates on this one point: Death to the CFA !!

 

So, the million dollars question is: how do we go about chasing France out of our countries once and for all ? This is a monumental challenge and the African people must begin to prepare for this fight. They must understand the stakes. They must unite. The Master won’t surrender easily but there are reasons to be optimistic. Keep three things in mind:

1- Africa is our fatherland. We have the ground game advantage. If the enemy wants a fight, he will have to do so in our turf.

2- The currency of a country belongs to the people. And the people have the absolute right to reclaim it, and our cause for freedom is righteous and just. We, the people of Cameroon must demand that the National Assembly –which represents the people of Cameroon-- passes a law that drops the CFA and creates a National currency for the Cameroonian people. And if any member of the National Assembly votes against this law of Liberation, he must be considered a traitor of the people and the country. Every parliamentarian who is patriotic and loves his country must vote for this currency law.

3- France has been chased out of countries before. Vietnam and Algeria are just two examples. They ran out with their tails between their legs.

Nothing scares the oppressor like a united country, a united people with knowledge and a plan. And that is precisely why we must transcend our ethnic, tribal and lingual difference for the plan to work. We must be united as one people and one country. We start by electing the right people to the National Assembly with the agenda to pass a law that drops the CFA as our country's currency and creates a National currency for the Cameroonian people. And if any member of the National Assembly votes against this law of Liberation, he must be considered a traitor of the people and the country. We have plenty of smart Cameroonian and African economists who can lead the process of establishing a new currency. It is not rocket science in the 21st century. If the people of Rwanda can do it, there is no reason why we can't. And when this happens, the people will come out and celebrate that day of freedom and liberartion from a tyrannic slave master, and their voices will reverberate across the oceans of Africa. The slave master must feel the earth tremble and understand that the grounds have shifted beneath his feet. We must be vigilant not to allow the slave master to divide us along tribal lines, and create an internal conflict among our people, as history has taught us over and over again. We must learn from our failures of the past. Our unity is quintessential for the plan to succeed. Your president, even if well intended can't do this alone as he too, is trapped in the predicament of his power. Only the people can.

Laurent Gbagbo tried it, but failed because of a divided people and a divided military along tribal lines. The people of Rwanda were successful because they remain united against a common enemy. So, there is no reason we can’t. The key is to have a united people, a united military, a united country that can stand the bluffs of a disgruntled master and ready to fight if necessary.

Freedom is not free, it must be fought for and bled for –if necessary—at the ultar of creation. We lost this fight during the time independence, and now we have to pick this fight again. And this time we must see it through, for if we fight and run away, we will live to fight another day for the same cause. Do we as a people want our children to remain slaves and poor --as we are-- or we want them to own their country and be free ? The peoples of Vietnam, Algeria --and others-- elected Freedom. What do we elect ? We, the people of Cameroon must answer !

 

“We, the people of Cameroon must demand that the National Assembly –which represents the people of Cameroon-- passes a law that drops the CFA and creates a National currency for the Cameroonian people. And if any member of the National Assembly votes against this law of Liberation, he must be considered a traitor of the people and the country. Every parliamentarian who is patriotic and loves his country must vote for this currency law" --ANST--

 

“The CFA is France's absolute weapon of enslavement and programmed generational poverty of the African people." --ANST--

 

“It is through the CFA that the African dictators are eternally subservient to France, in exchange of everlasting power over their own people.” --ANST--

 

“Through the CFA, our country and the future of our children are being auctioned to the lowest bidder in Paris, far from the eyes and knowledge of the African people.” –ANST--

 

“The CFA is the modern noose that has strangled the sub-Saharan African man to irrelevance and incompetence at the world economic stage." --ANST--

 

“We lost this fight during the time independence, and now we have to pick this fight again. And this time we must win, for if we fight and run away, we will live to fight another for the same cause." __ANST--

 

All of our struggle for freedom and democracy converges and culminates on this one point: Death to the CFA, The CFA must go !! --ANST--

 

Note: The ideas in this article are derived from the writings of Professor Nicolas Agbohou (from Ivory Coast), who is a pioneer on this topic. Some other ideas derive from several literature on the CFA found in published articles and books by well informed African Economists on the topic.

 

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