How Africa is being exploited by banking élites. How US Democrats are on the wrong side.

[Estro Felino]

I was trying to read about world war 1 a while ago, and is it true that lots of different european countries were warring within africa at that time?

Fast forwarding to modern times, I don't know if China's role in Africa was mentioned in your thread, as I'm still reading it. What resources does that country want from Africa, and are they getting it fairly, and at what scale

That's a very good point.
China's neo-imperialism involves the Indian Ocean- Africa...Eastern Africa.
This thread is about Western Africa.

 

[mikkel_the_dane]

That's a very good point.
China's neo-imperialism involves the Indian Ocean- Africa...Eastern Africa.
This thread is about Western Africa.

Well, yes, in a limited sense - How Africa is being exploited by banking élites. How US Democrats are on the wrong side.

Then if you ask more generally - How Africa is being exploited as such? - then it changes. So what is the truth about that?

 

[Estro Felino]

Well, yes, in a limited sense - How Africa is being exploited by banking élites. How US Democrats are on the wrong side.

Then if you ask more generally - How Africa is being exploited as such? - then it changes. So what is the truth about that?

The difference is that China installed a commercial empire that doesn't entail a legalized usury.
In fact even in Denmark...usury is a crime, whereas commerce isn't.
Or am I wrong?

 

[mikkel_the_dane]

The difference is that China installed a commercial empire that doesn't entail a legalized usury.
In fact even in Denmark...usury is a crime, whereas commerce isn't.
Or am I wrong?

So if someone is exploited by China, then that is irrelevant, because it has to meet your subjective, individual standard of particular exploitation to be relevant.
Is that it?

 

[Estro Felino]

So if someone is exploited by China, then that is irrelevant, because it has to meet your subjective, individual standard of particular exploitation to be relevant.
Is that it?

I consider you an intelligent person...so I asked you, very kindly:
do you know the difference between commerce and usury?

 

[mikkel_the_dane]

I consider you an intelligent person...so I asked you, very kindly:
do you know the difference between commerce and usury?

No, enlighten me by the legal definitions as relevant for your claims and show how it applies to your claims. You can include Denmark if you want.

E.g. for the loans China has given to other countries, please check those as relevant.

 

[Estro Felino]

No, enlighten me by the legal definitions as relevant for your claims and show how it applies to your claims. You can include Denmark if you want.

E.g. for the loans China has given to other countries, please check those as relevant.

Well...usury is when you take advantage of a person demanding an impossible interest rate, that goes beyond any "tolerable threshold" of legality. What France (the banking system of France) has been doing is to print the money for those African nations, by demanding mint fees, (aka seigniorage) which through fraudulent procedures, lead these countries to deposit the 50% of the value of the money printed, with the consequence that in those countries there will be very little money circulating.
And with very little money circulating, a country can never prosper. You cannot do investments, you cannot save money, you cannot do anything.
So it's criminal. It's legalized usury.

What China has been doing especially in Eastern Africa is investing its own money in businesses (especially in the energy field in Ethiopia) which will ultimately create employment in some regions, because the money will start circulating.

Do you understand the difference, now?

 

[mikkel_the_dane]

Well...usury is when you take advantage of a person demanding an impossible interest rate, that goes beyond any "tolerable threshold" of legality. What France (the banking system of France) has been doing is to print the money for those African nations, by demanding mint fees, (aka seigniorage) which through fraudulent procedures, lead these countries to deposit the 50% of the value of the money printed, with the consequence that in those countries there will be very little money circulating.
And with very little money circulating, a country can never prosper. You cannot do investments, you cannot save money, you cannot do anything.
So it's criminal. It's legalized usury.

What China has been doing especially in Eastern Africa is investing its own money in businesses (especially in the energy field in Ethiopia) which will ultimately create employment in some regions, because the money will start circulating.

Do you understand the difference, now?

So that is actually still happening and you have evidence for it still taking place as per France?

And what does that have to do with banking elites as such? Or the Democratic party in the USA as per France?
And, no, no link without actual sources. If you use a YouTube video then one with references in the comments by the YouTuber as to where it comes from. You can use YouTube if it has references and in this case you can do it in French, but you still have to find a link with references and not just talk.

 

[Estro Felino]

So that is actually still happening and you have evidence for it still taking place as per France?

And what does that have to do with banking elites as such? Or the Democratic party in the USA as per France?

So are you claiming that the Prime Minister of my country is not a reliable source?

Tell me: what do you think of our PM?

And, no, no link without actual sources.

Sealioning. Asking for more and more evidence until the interlocutor is exhausted.

If you use a YouTube video then one with references in the comments by the YouTuber as to where it comes from. You can use YouTube if it has references and in this case you can do it in French, but you still have to find a link with references and not just talk.

In the OP there is a video in English...in case you didn't watch it.
The second video.

 

[Samael_Khan]

Ok. Well I have read a couple books that relate modern political situations in Africa, and I want to read some more, to try and better understand what you are saying. The two books I recently read were 'Cobalt Red,' and another on the Rwandan genocide. But I don't know anything about South Africa, so I'll probably look for a book on that relatively soon. I can't directly discuss the content of the books because of copyright and all that, but I'll keep reading about it

All I can say is, we're not all bad in the west here. I have enough trouble getting along with other westerners. Just now I was on a brisk walk, and I was worried that this kid in a sportscar wasn't going to stop at a stop sign, but he did. I get along with people who like thinking and reading, and are patient, but they seem kinda rare around here.

I am going to look for Cobalt red. It sounds like an interesting book.

When I speak of nations, like referencing the west, Russia and China, I am referring to those in power in the country mainly. So governments, corporations, cultural attitudes. So I am speaking in a general political sense. There are amazing people from all around the world with our good and bad qualities. Humans are humans after all.

 

[mikkel_the_dane]

So are you claiming that the Prime Minister of my country is not a reliable source?

Tell me: what do you think of our PM?

Sealioning. Asking for more and more evidence until the interlocutor is exhausted.

In the OP there is a video in English...in case you didn't watch it.
The second video.

I don't care who says what - words are cheap for all humans.
If you can't back up your claims, then that is it. They are then irrelevant as anything other than personal individual beliefs.

So if you claim France does something, then give evidence.
Here it is for you - if I say you are a criminal, you are not a criminal just because I say so. And, no, I don't think you are a criminal. But I do think you have problem with the difference between beliefs and evidence.

And I don't always ask for evidence. I only ask as relevant. You claim something about France that is not dependent on how you believe, then give evidence. That is not sealioning.

"Sealioning (also sea-lioning and sea lioning) is a type of trolling or harassment that consists of pursuing people with relentless requests for evidence, often tangential or previously addressed, ..."

It is not sealioning as tangential or previously addressed, if you haven't given the evidence. Nor is tangential for a claim about France to ask for evidence about the claim about France.
So you have gone to university, so you have actually learned how to reference a claim with sources and you know that is not sealioning for how to do a valid text in regards to claims.

 

[Estro Felino]

I don't care who says what - words are cheap for all humans.
If you can't back up your claims, then that is it. They are then irrelevant as anything other than personal individual beliefs.

So if you claim France does something, then give evidence.
Here it is for you - if I say you are a criminal, you are not a criminal just because I say so. And, no, I don't think you are a criminal. But I do think you have problem with the difference between beliefs and evidence.

And I don't always ask for evidence. I only ask as relevant. You claim something about France that is not dependent on how you believe, then give evidence. That is not sealioning.

"Sealioning (also sea-lioning and sea lioning) is a type of trolling or harassment that consists of pursuing people with relentless requests for evidence, often tangential or previously addressed, ..."

What you have been doing.
Because I had already posted a video in the OP.
This is a pretty neutral source. The CFA Franc: French Monetary Imperialism in Africa | | Africa at LSE

It is not sealioning as tangential or previously addressed, if you haven't given the evidence. Nor is tangential for a claim about France to ask for evidence about the claim about France.
So you have gone to university, so you have actually learned how to reference a claim with sources and you know that is not sealioning for how to do a valid text in regards to claims.

No comment.

 

[mikkel_the_dane]

What you have been doing.
Because I had already posted a video in the OP.
This is a pretty neutral source. The CFA Franc: French Monetary Imperialism in Africa | | Africa at LSE

...

Yeah, that is as per 2017. I asked for today, if it is still happening.
So please actually read what I am asking for.

And for the OP, neither videos have any sources.
So relevant for the main claim of France and you used "is being" and not "has been", the present time is the point of evidence and not 2017.

 

[Estro Felino]

Yeah, that is as per 2017. I asked for today, if it is still happening.
So please actually read what I am asking for.

Yes, it's still happening.

And for the OP, neither videos have any sources.
So relevant for the main claim of France and you used "is being" and not "has been", the present time is the point of evidence and not 2017.

Your PM has a Master Degree in African Studies. Ask her.

 

[mikkel_the_dane]

Yes, it's still happening.

Your PM has a Master Degree in African Studies. Ask her.

Well, I were waiting for you.
It is a half truth as per today:

CFA franc - Wikipedia

en.wikipedia.org

 

[Estro Felino]

Well, I were waiting for you.
It is a half truth as per today:

CFA franc - Wikipedia

en.wikipedia.org

Enlighten me.

 

[mikkel_the_dane]

Enlighten me.

The process you refer to as per 2017 was changed for some of the countries in 2019 and further changes are planned.
So it was neither true nor false, but rather out of date as already mentioned in this post:

How Africa is being exploited by banking élites. How US Democrats are on the wrong side.

Here a video from the Prime Minister of Italy who clearly expresses how the solution to Africa's great social injustices is to liberate this continent, especially Western Africa, from banking and financial élites who gain billion of dollars by exploiting their resources. And here explained...

www.religiousforums.com

Now do you agree on that?

 

[Estro Felino]

The process you refer to as per 2017 was changed for some of the countries in 2019 and further changes are planned.
So it was neither true nor false, but rather out of date as already mentioned in this post:

How Africa is being exploited by banking élites. How US Democrats are on the wrong side.

Here a video from the Prime Minister of Italy who clearly expresses how the solution to Africa's great social injustices is to liberate this continent, especially Western Africa, from banking and financial élites who gain billion of dollars by exploiting their resources. And here explained...

www.religiousforums.com

Now do you agree on that?

Sure...there have been partial changes that haven't modified the usurocratic nature of this system.

 

[mikkel_the_dane]

Sure...there have been partial changes that haven't modified the usurocratic nature of this system.

"Both CFA francs have a fixed exchange rate (peg) to the euro guaranteed by France: €1 = F.CFA 655.957 exactly. In order to ensure this convertibility guarantee, member countries were required to deposit half of their foreign exchange reserves with the French Treasury, but this requirement was dropped in 2019 (effective in 2021) for the West African CFA franc.[2]"

 

[Estro Felino]

"Both CFA francs have a fixed exchange rate (peg) to the euro guaranteed by France: €1 = F.CFA 655.957 exactly. In order to ensure this convertibility guarantee, member countries were required to deposit half of their foreign exchange reserves with the French Treasury, but this requirement was dropped in 2019 (effective in 2021) for the West African CFA franc.[2]"

I said partial changes.
"This requirement remains unchanged for the Central African CFA franc, which wasn't reformed in 2019 (the reform concerned only the West African CFA franc)."