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

[mikkel_the_dane]

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)."

"... that haven't modified the usurocratic nature of this system."
It has been modified for a part of the system, but not all.

 

[muhammad_isa]

"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]"

Mmm .. but the problem with the 'euro area' or the 'CFA area' is that the monetary policy
is usurious, as they control inflation rate to 2%, and ignore unemployment rates of 30%.

It's a win-win for the wealthy and richer areas, but causes serious instability for the others.

 

[mikkel_the_dane]

Mmm .. but the problem with the 'euro area' or the 'CFA area' is that the monetary policy
is usurious, as they control inflation rate to 2%, and ignore unemployment rates of 30%.

It's a win-win for the wealthy and richer areas, but causes serious instability for the others.

Fair enough, but that was not the claim.

 

[Estro Felino]

Mmm .. but the problem with the 'euro area' or the 'CFA area' is that the monetary policy
is usurious, as they control inflation rate to 2%, and ignore unemployment rates of 30%.

It's a win-win for the wealthy and richer areas, but causes serious instability for the others.

Finally someone who understood it.

 

[mikkel_the_dane]

Finally someone who understood it.

Well, that is not usury as such. But yes, it can be consider wrong in some sense.
And now we get to your article in the OP. Can you please find something that doesn't require an email. Or copy paste the article and upload it as a text file to me in a private conversation with you and I?

 

[Estro Felino]

Well, that is not usury as such. But yes, it can be consider wrong in some sense.
And now we get to your article in the OP. Can you please find something that doesn't require an email. Or copy paste the article and upload it as a text file to me in a private conversation with you and I?

If you want, we can discuss on skype about it.
You give me your contacts...in private.

 

[mikkel_the_dane]

If you want, we can discuss on skype about it.
You give me your contacts...in private.

No, the article on washington post, either find another or copy paste it. I don't do Skype.

So how is the practice usury?

 

[Estro Felino]

No, the article on washington post, either find another or copy paste it. I don't do Skype.

So how is the practice usury?

Because the print money and in exchange they charge an interest for the Seigniorage.
Do you know what Seigniorage is?

 

[mikkel_the_dane]

Because the print money and in exchange they charge an interest for the Seigniorage.
Do you know what Seigniorage is?

Who are they and who do they charge an interest?
And how do you charge interest on Seigniorage?

 

[Estro Felino]

Who are they and who do they charge an interest?
And how do you charge interest on Seigniorage?

Read: Seigniorage - Wikipedia

 

[mikkel_the_dane]

Read: Seigniorage - Wikipedia

Yes, now explain as relevant who get the in effect profit of this in the case of France and Africa. And no generic terms like banks or bankers. Explain who actually get the in effect profit of this system?

What banks and how do you know that? Who "prints" the money and all the other processes?

 

[Estro Felino]

Yes, now explain as relevant who get the in effect profit of this in the case of France and Africa. And no generic terms like banks or bankers. Explain who actually get the in effect profit of this system?

What banks and how do you know that? Who "prints" the money and all the other processes?

You are asking me to explain something very complex in a language which is not mine.
In Italian I can explain it perfectly because I know the proper juridical terms.
With all due respect, I am very tired of your questions.
If you are interested, read the articles I provided with you.

 

[mikkel_the_dane]

You are asking me to explain something very complex in a language which is not mine.
In Italian I can explain it perfectly because I know the proper juridical terms.
With all due respect, I am very tired of your questions.
If you are interested, read the articles I provided with you.

It still doesn't tell me how actually benefits for the process? Is there a state owned central bank in France. Are the securities state issued or private?

I think I get the gist of it, but it still in part depends on how control the relevant banks and securities?
And if this is only relevant for the narrow version of the West or if it applies to other part of the world?

 

[Estro Felino]

It still doesn't tell me how actually benefits for the process? Is there a state owned central bank in France. Are the securities state issued or private?

I think I get the gist of it, but it still in part depends on how control the relevant banks and securities?
And if this is only relevant for the narrow version of the West or if it applies to other part of the world?

Listen...in order to be a fair system, each African country should have its own National Bank.
The fact that supranational entities print the money these single African countries use, it means it's a criminal system.

 

[mikkel_the_dane]

Listen...in order to be a fair system, each African country should have its own National Bank.
The fact that supranational entities print the money these single African countries use, it means it's a criminal system.

No, it is not criminal as such. It is unfair in some sense, but there are no objective laws for that. They are man made.

But you still have to explain who actually made money on this system and that is not Italy. That is apparently France, so if you have to link in French then do so. But stop claiming that the Italian system has anything to do with French one.

 

[Estro Felino]

No, it is not criminal as such. It is unfair in some sense, but there are no objective laws for that. They are man made.

It is criminal.
A crime against humanity.

But you still have to explain who actually made money on this system and that is not Italy. That is apparently France, so if you have to link in French then do so.

Yes, French people.

But stop claiming that the Italian system has anything to do with French one.

I have never brought up Italy or Italians.

 

[mikkel_the_dane]

It is criminal.
A crime against humanity.

Yes, French people.

I have never brought up Italy or Italians.

No, it is not criminal because you say so. You do know that, that is not how that works.

You are asking me to explain something very complex in a language which is not mine.
In Italian I can explain it perfectly because I know the proper juridical terms.
With all due respect, I am very tired of your questions.
If you are interested, read the articles I provided with you.

So as far as I can tell, the difference can be per country and that includes difference in the law. So what you can explain about Italian law might not be relevant for France. That was my point.

So all the evil devilish banking elites do the same as this example with France and some countries in Africa? Is that it?

 

[Estro Felino]

No, it is not criminal because you say so. You do know that, that is not how that works.


So as far as I can tell, the difference can be per country and that includes difference in the law. So what you can explain about Italian law might not be relevant for France. That was my point.

So all the evil devilish banking elites do the same as this example with France and some countries in Africa? Is that it?

Are you the child of some banker, by chance?
Do you have family who are bankers?

Why do you say I can't criticize bankers?

 

[mikkel_the_dane]

Are you the child of some banker, by chance?
Do you have family who are bankers?

Why do you say I can't criticize bankers?

Well, you can and I like learning about this. But I want to know if this example is so for all bankers in the world as such? Or are there only bankers in the West? And do they all do as France? And nothing else?

 

[Estro Felino]

Well, you can and I like learning about this. But I want to know if this example is so for all bankers in the world as such? Or are there only bankers in the West? And do they all do as France? And nothing else?

It's a worldwide problem.
Except in very few countries. In Iceland, they jailed the bankers, God bless them: From Iceland — 36 Bankers, 96 Years In Jail

As I said, the problem is that the money must be issued by the State who controls the money supply and controls the inflation, without entrusting the issue of money to private bankers.

Private bankers who will spent those billions on prostitutes and gambling.