reply on: Don’t Tell the French — But They’re Americans Now \ stacker news ~news

243 sats \ 9 replies \ @SatsMate 15 Jun \ on: Don’t Tell the French — But They’re Americans Now news

I think French have fallen, I still can't believe Macron is still in power. This globalist has really driven France off a cliff. Hoping to see a change in the guard and an uprising. To be honest, I've always wanted to visit France - but not now.

Also, the French Empire introduced the CFA Franc to a dozen countries in Africa, and I think Africa is starting to wake up to the fact that this fiat exploitation is destroying them.

289 sats \ 1 reply \ @freetx 15 Jun

I've always wanted to visit France - but not now.

The people of France, like what happens in all modern countries, bare little resemblance to its politicians. No different than someone from France saying he doesn't want to visit USA because of Biden.

I visited the France in 2019 and was lucky to spent 3 weeks in the french countryside. It was 3 weeks of great food, wine, and beautiful country scenes. Don't let politicians ruin experiencing things....go visit.

31 sats \ 0 replies \ @erict875 16 Jun

Absolutely agree with the above. France is more than its political parisian elite. Great people, great culture, beautiful country etc.

42 sats \ 6 replies \ @siggy47 OP 15 Jun

The CFA is a real neo colonial nightmare. I still can't believe they got away with it for so long.

75 sats \ 2 replies \ @erict875 16 Jun

I used to believe this but changed my mind. The reality is that no African country is forced to use the CFA, they do it by choice, like El Salvador or Argentina with the USD. As a matter of fact, many ditched the CFA after gaining their independence (Tunisia, Algeria, Mali, temporarily, etc) some other country that were not even French colonies, voluntarily joined the monetary union. The truth is that African native currencies suck. Look at Nigeria, Egypt, Ghana, DRC, and of course, Zimbabwe! Our leaders know this, and they know the CFA gives them a relative immunity against the inflation you see elsewhere. Besides, most African activists who campaign against the CFA are communists, Russian useful idiots.

0 sats \ 1 reply \ @siggy47 OP 16 Jun

Thanks for this perspective. I have no on the ground experience. Most of what I know has been from reading Alex Gladstein.

75 sats \ 0 replies \ @erict875 16 Jun

Alex has very informative and thoughtful articles on the subject, and unlike most people on the ground who dream of a panafrican currency to replace the CFA (basically repeating the mistakes of the euro), he rightfully sees bitcoin as the only alternative. The central African Republic gave us hope, but they turned out to be scammers. You see, most of the problems on the continent are home made, and not related to France, on the contrary! At least France left relatively prosperous and well functioning countries. We've squandered all that heritage. The problem i see with blaming France is that we forget about this important fact. I'm not saying the CFA is perfect, it's not, but the alternative can only be bitcoin. Thanks siggy.

54 sats \ 2 replies \ @SatsMate 15 Jun

How can they unwind from this currency control? Can they pivot by just creating their own central bank?

21 sats \ 1 reply \ @siggy47 OP 15 Jun

They could, but it might lead to war and other violence. I think a lot of African government officials profit from the CFA too. It's an entrenched, corrupt bureaucracy

54 sats \ 0 replies \ @erict875 16 Jun

That's very true, and it's precisely because of the endemic corruption that you don't want them anywhere near the money printer. I'm sure they understand it, as well as they know that the relative stability of the CFA contributes to maintain them in power.